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US Threatens Russia Over Petrodollar-Busting Deal

Tyler Durden's picture




 

On the heels of Russia's potential "holy grail" gas deal with China, the news of a Russia-Iran oil "barter" deal, it appears the US is starting to get very concerned about its almighty Petrodollar

  • *U.S. HAS WARNED RUSSIA, IRAN AGAINST POSSIBLE OIL BARTER DEAL
  • *U.S. SAYS ANY SUCH DEAL WOULD TRIGGER SANCTIONS
  • *U.S. HAS CONVEYED CONCERNS TO IRANIAN GOVT THROUGH ALL CHANNELS

We suspect these sanctions would have more teeth than some travel bans, but, as we noted previously, it is just as likely to be another epic geopolitical debacle resulting from what was originally intended to be a demonstration of strength and instead is rapidly turning out into a terminal confirmation of weakness.

As we explained earlier in the week,

Russia seems perfectly happy to telegraph that it is just as willing to use barter (and "heaven forbid" gold) and shortly other "regional" currencies, as it is to use the US Dollar, hardly the intended outcome of the western blocakde, which appears to have just backfired and further impacted the untouchable status of the Petrodollar.

 

...

 

"If Washington can't stop this deal, it could serve as a signal to other countries that the United States won't risk major diplomatic disputes at the expense of the sanctions regime,"

And here is Voice of Russia, "Russia prepares to attack the Petrodollar":

The US dollar's position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away.

 

The existence of “petrodollars” is one of the pillars of America's economic might because it creates a significant external demand for American currency, allowing the US to accumulate enormous debts without defaulting. If a Japanese buyer want to buy a barrel of Saudi oil, he has to pay in dollars even if no American oil company ever touches the said barrel. Dollar has held a dominant position in global trading for such a long time that even Gazprom's natural gas contracts for Europe are priced and paid for in US dollars. Until recently, a significant part of EU-China trade had been priced in dollars.

 

Lately, China has led the BRICS efforts to dislodge the dollar from its position as the main global currency, but the “sanctions war” between Washington and Moscow gave an impetus to the long-awaited scheme to launch the petroruble and switch all Russian energy exports away from the US currency .

 

The main supporters of this plan are Sergey Glaziev, the economic aide of the Russian President and Igor Sechin, the CEO of Rosneft, the biggest Russian oil company and a close ally of Vladimir Putin. Both have been very vocal in their quest to replace the dollar with the Russian ruble. Now, several top Russian officials are pushing the plan forward.

 

First, it was the Minister of Economy, Alexei Ulyukaev who told Russia 24 news channel that the Russian energy companies must should ditch the dollar. “ They must be braver in signing contracts in rubles and the currencies of partner-countries, ” he said.

 

Then, on March 2, Andrei Kostin, the CEO of state-owned VTB bank, told the press that Gazprom, Rosneft and Rosoboronexport, state company specialized in weapon exports, can start trading in rubles. “ I've spoken to Gazprom, to Rosneft and Rosoboronexport management and they don't mind switching their exports to rubles. They only need a mechanism to do that ”, Kostin told the attendees of the annual Russian Bank Association meeting.

 

Judging by the statement made at the same meeting by Valentina Matviyenko, the speaker of Russia's upper house of parliament, it is safe to assume that no resources will be spared to create such a mechanism. “ Some ‘hot headed' decision-makers have already forgotten that the global economic crisis of 2008 - which is still taking its toll on the world - started with a collapse of certain credit institutions in the US, Great Britain and other countries. This is why we believe that any hostile financial actions are a double-edged sword and even the slightest error will send the boomerang back to the aborigines,” she said.

 

It seems that Moscow has decided who will be in charge of the “boomerang”. Igor Sechin, the CEO of Rosneft, has been nominated to chair the board of directors of Saint-Petersburg Commodity Exchange, a specialized commodity exchange. In October 2013, speaking at the World Energy Congress in Korea, Sechin called for a "global mechanism to trade natural gas" and went on suggesting that " it was advisable to create an international exchange for the participating countries, where transactions could be registered with the use of regional currencies ". Now, one of the most influential leaders of the global energy trading community has the perfect instrument to make this plan a reality. A Russian commodity exchange where reference prices for Russian oil and natural gas will be set in rubles instead of dollars will be a strong blow to the petrodollar.

 

Rosneft has recently signed a series of big contracts for oil exports to China and is close to signing a “jumbo deal” with Indian companies. In both deals, there are no US dollars involved. Reuters reports, that Russia is close to entering a goods-for-oil swap transaction with Iran that will give Rosneft around 500,000 barrels of Iranian oil per day to sell in the global market. The White House and the russophobes in the Senate are livid and are trying to block the transaction because it opens up some very serious and nasty scenarios for the petrodollar. If Sechin decides to sell this Iranian oil for rubles, through a Russian exchange, such move will boost the chances of the “petroruble” and will hurt the petrodollar.

 

It can be said that the US sanctions have opened a Pandora's box of troubles for the American currency. The Russian retaliation will surely be unpleasant for Washington, but what happens if other oil producers and consumers decide to follow the example set by Russia? During the last month, China opened two centers to process yuan-denominated trade flows, one in London and one in Frankfurt. Are the Chinese preparing a similar move against the greenback? We'll soon find out.

Finally, those curious what may happen next, only not to Iran but to Russia, are encouraged to read "From Petrodollar To Petrogold: The US Is Now Trying To Cut Off Iran's Access To Gold."


 

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Fri, 04/04/2014 - 14:29 | 4625660 Dre4dwolf
Dre4dwolf's picture

It's fucking game over for the U.S. only options U.S. has left

1) Start acting responsible and doing the common sense thing

2) Do something sutpid and start World War III

 

 

Fri, 04/04/2014 - 14:29 | 4625665 NotApplicable
NotApplicable's picture

Translation: "Don't make us go full-retard!"

It's a mad, mad, mad, mad, mad world!

Fri, 04/04/2014 - 14:32 | 4625685 Latina Lover
Latina Lover's picture

Petro Dollar doomed.

Fri, 04/04/2014 - 14:34 | 4625693 Divided States ...
Divided States of America's picture

The US of A, the bastion of democracy should stop fuckin minding other people's business.

Fri, 04/04/2014 - 14:36 | 4625713 DoChenRollingBearing
DoChenRollingBearing's picture

Jim Willie writes a nice piece on the destruction of the Petrodollar at the hands of Russia, China, Iran, etc.

Gold, fishez!

http://www.24hgold.com/english/news-gold-silver-emerging-dynamics-of-pet...

Fri, 04/04/2014 - 14:38 | 4625720 McMolotov
McMolotov's picture

That sound you hear is Uncle Sam's death rattle.

(And I call dibs on that for a band name.)

Fri, 04/04/2014 - 14:39 | 4625732 Latina Lover
Latina Lover's picture

Nuland

Fri, 04/04/2014 - 14:42 | 4625751 Mercuryquicksilver
Mercuryquicksilver's picture

I'm a pawn in the worlds largest chess match thats been pre-gamed on the worlds most powerful supercomputers.

Fri, 04/04/2014 - 14:46 | 4625770 Latina Lover
Latina Lover's picture

Blowbacks a bitch, isn't it, Nudelman?  Hope you keep your second passport close, lest you get run out of the USSA and have leave for that shining democracy in the south east Med.

Fri, 04/04/2014 - 14:51 | 4625801 Soul Glow
Soul Glow's picture

It's about to come down to how much gold a Nation-State can back their debt with.  Good luck Germany.

Fri, 04/04/2014 - 14:52 | 4625812 American Dreams
American Dreams's picture

Here comes the www.wocu.com

Know your enemy

AD

Fri, 04/04/2014 - 15:00 | 4625852 dontgoforit
dontgoforit's picture

Snarling, they are.  Here there be dragons!

Fri, 04/04/2014 - 15:10 | 4625906 AldousHuxley
AldousHuxley's picture

US wealth, status, power was largely uplifted by Rockefeller's standard oil.

 

US elites damn well know the power of energy wealth and that Russia is headed the same direction with natural gas US was 100 years ago.

 

 

 

 

Fri, 04/04/2014 - 15:21 | 4625945 Supernova Born
Supernova Born's picture

Cue Cliff Robertson dialogue from 3 Days of the Condor.

Higgins: "Not now - then! Ask 'em when they're running out. Ask 'em when there's no heat in their homes and they're cold. Ask 'em when their engines stop. Ask 'em when people who have never known hunger start going hungry. You wanna know something? They won't want us to ask 'em. They'll just want us to get it for 'em!"

Fri, 04/04/2014 - 15:24 | 4625980 Joe Davola
Joe Davola's picture

I'll bet things never went this way when our foreign policy "experts" handed in the position papers at Harvard.

Fri, 04/04/2014 - 15:28 | 4626009 AldousHuxley
AldousHuxley's picture

Putin is just poking fun at stupid fat Americans....

 

"Spend more time in the open, practice yoga, stick to food-combining diets, maybe watch some comedy sketch shows on TV"

 

One way to beat Putin's Russia is to deploy large amount of US consumers in Russia to spread blind consumerism.  

Fri, 04/04/2014 - 15:34 | 4626037 wee-weed up
wee-weed up's picture

 

 

Obozo:  You better not make me draw another red line... you'll be sorry!

Putin:  Fuck you, you little worm!

Fri, 04/04/2014 - 15:57 | 4626181 negative rates
negative rates's picture

The royal flush.

Fri, 04/04/2014 - 22:26 | 4627248 MontgomeryScott
MontgomeryScott's picture

We would personally like to thank Mr. Kissinger, Mr. Nixon, and the war-hawks that spent the treasury on that 'Vietnam thing', for this moment in history.  The OPEC accords were pure genius, and a distraction from the true state of financial affairs of the U.S. Gov. Inc.. As the dawn of the new era approaches, and the United States is all but dead now, we know that our goals are finally within our grasp and clearly acheivable. The progenitors of the 9/11 false flag are also to be congratulated for taking this in to an accelarated timeline.

Sincerely,

The Bilgerberg Attendees Association,

The CPUSA,

LUKOIL,

COSCO, AND,

Nancy Pelosi

Sat, 04/05/2014 - 00:35 | 4627411 crazyjsmith
crazyjsmith's picture

Emperor Putin  -  "I am thinking of going into Ukraine, and taking back Crimea - their contempt will not be tolerated"  

 

Darth Obama  -  "After the election, my lord, I will have more flexibility"  

 

Emperor Putin  -  "What will you deliver to me if I wait?"

 

Darth Obama  -  "How about the Planet Dollar, my lord? Let's say they've been......distracted"

 

Emperor Putin  -  "Deal Comrade - at that time, the mechanism should be operational"

 

Darth Obama  -  "If you invade now my lord, the drones in my sector will see up my skirt, and I won't get re-elected."

 

Emperor Putin  -  "We soon will deal with those Drones.  Patience my son."

 

 

And Scene...

Sat, 04/05/2014 - 07:52 | 4627749 onthesquare
onthesquare's picture

Momar and Sadam tried this shit and look where it got them.

Sat, 04/05/2014 - 12:35 | 4628072 Tall Tom
Tall Tom's picture

Vlad has a Nuclear arsenal. Muhammar and Saddam did not.

 

By the way. Being on the square is the basest form of human. If you are aware about the Knight's Templar, or, the Freemasons, it is an insult when someone calls you that.

Sat, 04/05/2014 - 13:29 | 4628191 it aint easy
it aint easy's picture

Not even being widows' sons helped M and S.. if they're really dead that is.

Sat, 04/05/2014 - 17:20 | 4628625 logicalman
logicalman's picture

Are you 'on the square' = are you a corrupt fuck.

I'd say that was an insult.

Fri, 04/04/2014 - 15:32 | 4626033 Keyser
Keyser's picture

Post Grad work as a flunky at the CFR for a decade, then if you can find your ass with both hands they let you sit at the big table. 

 

Fri, 04/04/2014 - 23:40 | 4627372 TheReplacement
TheReplacement's picture

Say what?  How can you believe this is an accident?  Explain why Obama struts around like he's won every round if he isn't successfully doing what he set out to do.  Also please explain why Putin didn't do the things he's done earlier?

You are playing poker and you don't know who the sucker is.  Do you really believe either Obama or Putin are personally in any danger due to all of this?

Sat, 04/05/2014 - 12:19 | 4628051 CuttingEdge
CuttingEdge's picture

Only "good" presidents get grassy knolls and bum theatre tickets.

Sadly, cunts like Obama see out their time and then make a small fortune prostituting themselves to every banana republic paying top dollar. The only difference between Obummer and Blair (his mentor), is that your guy won't have to travel much to whore himself - by the time he's done fucking up three years hence, you'll have the biggest banana state going.

Sat, 04/05/2014 - 17:21 | 4628626 logicalman
logicalman's picture

I'm a 'big' fan of Tony, too!

 

Sat, 04/05/2014 - 06:49 | 4627709 spine001
spine001's picture

Then you will loose your bet. Most science done at Harvard and other institutions never gets discussed by the MSM unless it fits the soundbites of the day. All scenarios have been discussed and presented, and this is a probable one. There are, many worse ones, including a regression to pre-industrial agricultural based life. Stone age regressiin of civilization.

Fri, 04/04/2014 - 15:12 | 4625924 SafelyGraze
SafelyGraze's picture

dear russia/perssia:

we have frozen all of your dollars-denominated asset

which you must continue to use them whilst trading with the each other

hugs,
the tri-lats translator

Fri, 04/04/2014 - 17:26 | 4626496 LawsofPhysics
LawsofPhysics's picture

Dear Tri-lats,

 What's a dollar?  we have been trading in other currencies/commodities since 2010.

Just out of curiosity, how did you acquire this address?

The East.

Fri, 04/04/2014 - 22:25 | 4627236 hobopants
hobopants's picture

The collapse of the dollar I can live with, it would be for the best in alot of ways. I'm way more worried that this nonsense is going to cause an all out war.

Fri, 04/04/2014 - 23:41 | 4627375 TheReplacement
TheReplacement's picture

How could it turn out any other way?

Sat, 04/05/2014 - 14:40 | 4628334 hobopants
hobopants's picture

peacefully? like when the soviet union fell in the early 90's? I know there is a bit of naivety to that statement but one can dream while preparing for the worst.

Sat, 04/05/2014 - 17:24 | 4628629 logicalman
logicalman's picture

By 'preparing for the worst', I take it you are grabbing yourself about 5gm of high quality heroin for the day you really want to get off the planet.

There are some scenarios you don't want to survive.

Sat, 04/05/2014 - 16:15 | 4628507 Rafferty
Rafferty's picture

I'm way more worried that this nonsense is going to cause an all out war.

 

Your dual citizens will decide if there's to be one and when it will take place.  and of course also select the enemies.  Listen for the sound of war drums on Capitol Hill and the MSM.

Sat, 04/05/2014 - 17:27 | 4628635 disabledvet
disabledvet's picture

http://en.wikipedia.org/wiki/The_Guns_of_August

The build up to this war is going on right before our very eyes...slowly, methodically and with determination. It's hard to argue that there is even the pretense of diplomacy at this point and since Ukraine is sovereign this is not about "red lines" but "trip wires."

http://en.wikipedia.org/wiki/The_Red_Badge_of_Courage
"the book never resolves the character's heroism defect."

Fri, 04/04/2014 - 18:47 | 4626707 dmpol
dmpol's picture

Friends, our presiden-guys are playing against each other. Connect to my cheer:
http://www.youtube.com/watch?v=4BEN4bn_iTk

Fri, 04/04/2014 - 19:38 | 4626835 palmereldritch
palmereldritch's picture

Dear US:

In Russia, dollar trades you

Fri, 04/04/2014 - 15:03 | 4625868 zerozulu
zerozulu's picture

RT.com/on-air/ has stopped working. Any idea why?

Fri, 04/04/2014 - 15:14 | 4625932 McMolotov
McMolotov's picture

American Exceptionalism.

Sat, 04/05/2014 - 18:09 | 4628699 sleigher
sleigher's picture

There has to be some people who just roam around on this site and junk posts for no reason at all.  Just because.  (it's ok, you can junk me too)

Fri, 04/04/2014 - 15:17 | 4625943 Dubaibanker
Dubaibanker's picture

No idea...but it's stopped working here too....perhaps some technical online issue? The videos on site are working though.

Fri, 04/04/2014 - 15:30 | 4626024 zerozulu
zerozulu's picture

Thanks, I thought THE breaking news is on.

Fri, 04/04/2014 - 15:29 | 4626018 PennilessPauper
PennilessPauper's picture

Maybe your government doesn't want you watching RT propagnada only the local governments propaganda?  War is probably close.

Fri, 04/04/2014 - 18:01 | 4626595 f16hoser
f16hoser's picture

Fuck You Obama! Shove your FIAT Paper Dollar up your FAGGOT ASS!!! Questions>

Fri, 04/04/2014 - 20:27 | 4626948 CheapBastard
CheapBastard's picture

Dollar's Days look numbered now. I hope I don't wake up some Monday morning to find it devalued 50% [or moar!]

...what'll become of us?!

Sat, 04/05/2014 - 04:56 | 4627654 CuttingEdge
CuttingEdge's picture

What will become of us?

Venezuela on a seriously grand scale, methinks.

Sat, 04/05/2014 - 07:24 | 4627717 Kobe Beef
Kobe Beef's picture

Yugoslavia, or Four-Way Civil War: Africans vs. Aztecs vs. Yankees vs. Rebs.

When all the Dual-Citizens jump ship, you'll know the situation is no longer manageable.

Sat, 04/05/2014 - 16:21 | 4628516 Rafferty
Rafferty's picture

"When all the Dual-Citizens jump ship, you'll know the situation is no longer manageable."

 

That's the best possible advice.  Carefully note whether they start liquidating assets and/or using the Other Passport a lot more.  And act accordingly.  You won't go wrong.

 

 

Sat, 04/05/2014 - 11:41 | 4627992 oUTLAWjosieWales
oUTLAWjosieWales's picture

Venezuela with 300,000,000 firearms,  at least 10,000 firearms for every federale'

ask a Native how it went back in the day, we'll be asked to go to a special reserve, some will, some wont

Fri, 04/04/2014 - 19:48 | 4626855 Sirius Wonderblast
Sirius Wonderblast's picture

Oh good, a derivative...

Sat, 04/05/2014 - 01:20 | 4627502 mccvilb
mccvilb's picture

Man, American Dreams, I blew by this several times and almost missed it completely. Talk about currency resets and money materializing out of thin air. When and where the fuck did this currency come from, and who gave themselves the power and the mandate to create a world currency? No wonder they're listening to our phone calls.

It's like those tally sticks TPTB used to start the first banks 300 years ago. This will definitely start the killing, and not soon enough. They'll be sending the troops and coming after the guns tomorrow. You can take that to the bank. Holy bat shit.

Sat, 04/05/2014 - 02:19 | 4627542 mccvilb
mccvilb's picture

These WOCUs weren't included in any Forex listings or FX pairs that I could see. Will def keep a weather eye out for them from now on though.

Edit: okay, it's an IMF derivative recalculated twice a year. Never effing mind. Call the Squid if you want a piece of the action.

 

 

Fri, 04/04/2014 - 14:52 | 4625815 DaddyO
DaddyO's picture

So let me get this straight, 2 sovereign nations decide how they want to do business and the USSA steps in and says it's not OK with them, Whut?!?

This whole notion just blows my mind.

Someone up thread says the USSA may go full retard, I say they already have!!!

The audacity of hope? Methinks it's about to get even more interesting that my mind can grasp...

DaddyO

Fri, 04/04/2014 - 14:58 | 4625836 McMolotov
McMolotov's picture

I've said it before, but it bears repeating: At least the mafia is honest about what they do.

Fri, 04/04/2014 - 15:00 | 4625853 CrazyCooter
CrazyCooter's picture

At least the mafia is honest about what they do

Our ballot monkeys are honest too, but only over champagne and hookers (on the tax payers dime). All that other stuff is for tee vee.

Regards,

Cooter

Fri, 04/04/2014 - 15:08 | 4625888 DaddyO
DaddyO's picture

The mafia has scrupples to some degree amongst wiseguys.

The current USSA regime, not so much.

Really, it should be, the audacity of incomprehensible douchebaggery...

DaddyO

Fri, 04/04/2014 - 15:20 | 4625960 Doubleguns
Doubleguns's picture

Its this another red (dotted) line?

Fri, 04/04/2014 - 20:05 | 4626868 BigJim
BigJim's picture

What's the difference between a Mafioso and a federal agent?

You can probably reason with the Mafioso.

Fri, 04/04/2014 - 15:56 | 4626164 Diogenes of Sinope
Diogenes of Sinope's picture
Top 10 Reasons Why the Mafia is Better than the State

 

http://www.youtube.com/watch?v=IErlI34-0so

Fri, 04/04/2014 - 20:06 | 4626888 BigJim
BigJim's picture

Basically - the State is just the Mafia, writ large. I'm pretty sure if we threw out 'the government', within 20 years the mafia would be doing exactly what the US government is doing.

Fri, 04/04/2014 - 23:19 | 4627347 Anusocracy
Anusocracy's picture

I don't see that happening.

Government actions are the greatest source of mafia money. Think of banks, corporations, MIC, lawyers, unions etc. as government's legitimate children, and the mafia as its illegitimate child.

Fri, 04/04/2014 - 14:58 | 4625837 zaphod
zaphod's picture

Anyone who tries to stand up to the USSA gets taken down.

The tea party tried it, but had the full weight of the IRS put down on them plus the MSM worked overtime to convince the whole country the movement is racist (even though it's only position is smaller government)

Fri, 04/04/2014 - 15:03 | 4625870 CrazyCooter
CrazyCooter's picture

The TP got hit with a lot more than just the IRS.

The power brokers at the table right now will not be unseated come hell or high water. The energy of the TP is better spent in local (and in some cases state) politics where it can produce better results. When the SHTF, would you rather have pissed off the federales or have a sheriff worth more than a pinch of coon shit?

Regards,

Cooter

Fri, 04/04/2014 - 19:13 | 4626786 QQQBall
QQQBall's picture

Cooter - stop the rayciss digs at Obomber

 

 

Fri, 04/04/2014 - 19:42 | 4626839 fockewulf190
fockewulf190's picture

Been living in Germany for over twenty years now.  Strangely enough, it´s been through the German language that I have been able to talk to people from all over the Earth.  Russians, Kazacks, Croats, Greeks, Turks, Poles, Czechs, even Chinese and Vietnamese to name but a few.  Besides the religious, and to some extent, cultural differences, it has always been the case that there are vastly more similarities between us all than differences.  Everybody wants to provide for themselves and their families.  Everyone I have met want good health, happiness, ect.  It´s one thing to say this is just normal human behavior, but it quite the experience to see it live, up front, and personal.  

It is a gift to have met these people.  It does turn you into more of a humanitarian. I find it somewhat disturbing when some people denegrate whole nations based on the actions of a few idiots in power.  I dare say that most people who say such things probably have never met, and interacted with, people other than their own nationality.   It reminds me of the 1914 Christmas parties the English and the German front line soldiers had with each other during the First World War.  Had it been up to the troops, the war would have stopped there and then.  But no, they were forced apart by the insane, the powerful, the reckless, and commanded to slaughter each other.

I´d drink a beer and laugh with a Russian.  Anytime.  Could you hang out with an American and do the same?

 

Fri, 04/04/2014 - 23:39 | 4627304 HardAssets
HardAssets's picture

fockewulf190 - I've had a chance to travel a bit & most people just want to take care of their families and live a reasonably comfortable and decent life. Been to Russia and to Ukraine and enjoyed sharing meals,  a few drinks, and conversations with others.

You mentioned the informal and unofficial truce of Chirstmas 1914. In that there's a valuable lesson. Perhaps one day individual people will decide that they won't just blindly follow what 'authority figures' tell them to do. It takes courage and wisdom to do that.  Psychopath/sociopaths end up in postions of power, but it takes the actions of regular people to carry out their orders.

 

https://www.lewrockwell.com/2005/12/john-v-denson/the-christmas-truce/

 

Sun, 04/06/2014 - 03:13 | 4629445 Philalethian
Philalethian's picture

Ding...ding...ding!!!

THIS...is the real deal.

We all know that 99% of the worlds people just want to be left alone, and when left alone from the psychopathic evil killers, we all can get along fine without them. You guys really nail the head here and it is good to remember, all mankind are brothers and sisters. There is no exclusivity in the Law of Brotherhood, or in Love.

 

Fri, 04/04/2014 - 23:08 | 4627331 DanDaley
DanDaley's picture

I have drunk with Russians on an number of occasions and they are some of the warmest, best natured people ever...right up there with Norwegians, Danes, and Spaniards.

Fri, 04/04/2014 - 20:03 | 4626876 August
August's picture

>>>The energy of the TP is better spent in local (and in some cases state) politics where it can produce better results.

Cooter's words are wise.  If you are going to be involved in political affairs, local is the only way to go;  why expend your energy, time and/or money towards achieving a sliver of "representation" in a federal entity which no longer has legitimacy, or any prospect of returning to legitimacy? 

If there is a non-violent resolution to the problems of the Sick Man of North America, they lie at the level of state government; that's just the way it is.

Sat, 04/05/2014 - 16:29 | 4628529 Rafferty
Rafferty's picture

Well, except that Federal judges will step in to outlaw anything that might upset the status  quo.  It's happening right now.

Fri, 04/04/2014 - 15:13 | 4625900 chemystical
chemystical's picture

"plus the MSM worked overtime to convince the whole country the movement is racist (even though it's only position is smaller government)"

Yep.  Been to a few meetings locally and nary a peep was heard about niggers, white hoods, Pro-Life, pro 2nd Amendment, etc.

Painted with a broad brush by the same crowd that decries broad brushes.  Oy the chutzpah. 

I've debated several asshats who reflexively demonize the TP.  They demonize simply because it's a litmus test in their version of the Us:Them dichotomy. 

Funny thing, however, is that not a single one of them has a clue what they stand for.  They know only what they stand against.  

Funnier?  They have even less of a clue what they stand for much less why.  (Making them dizzy by pointing out their innumerable logical inconsistencies is child's play.  It's not difficult to conceive of how they can be for and against the same thing: they've had many politicians show them the way).  Cognitive dissonance is a bitch and I slap them with it every fucking chance I get.

Funniest?  They outnumber us.

Fri, 04/04/2014 - 18:43 | 4626695 Karl von Bahnhof
Karl von Bahnhof's picture

Bring back o'le good class struggle!

Seriously, what party cares about people who sell their qualities ( the proletariat) against those who own the capital?

The demonocrats? Yeeees!

Marx laughing in his grave

Fri, 04/04/2014 - 15:02 | 4625861 sushi
sushi's picture

Putin better watch out. If Russia does not behave the USSA will deploy another red line.

Fri, 04/04/2014 - 18:23 | 4626642 toys for tits
toys for tits's picture

Putin's playing chess ... Obama's playing checkers.

Fri, 04/04/2014 - 20:27 | 4626926 Ness.
Ness.'s picture

Putin has already won the match.  The BRIC have been planning this for years.  Intervention in Syria and the annexation of Crimea were the final moves/tests, and Obama and Co. failed miserably.  

Putin played chess while Obama was playing with himself.  And a nation of ignorant motherfuckers sat idly by, watching.  We deserve our punishment.  

Time to eat our peas.

Sat, 04/05/2014 - 05:54 | 4627670 Mountainview
Mountainview's picture

The ultimate worry: US Dollar = Micky Mouse currency

Fri, 04/04/2014 - 15:04 | 4625876 pods
pods's picture

This is illustrating that our ONLY weapons are the military and debt, and that is not so effective where we are not head and shoulders above the nation we are targetting.

The US is an energy IMPORTER, and a debt EXPORTER. We don't make shit anymore, and are not running a tight ship at home.

These types of deals that bypass the need for dollars really do us harm.  Our only weapon is debt, and if nobody needs debt, we have nothing.

Countries that are resource rich, net producers, or have a decent military can stand back and watch sanctions slowly kill US.

Small, dollar or debt dependent nations we can push around. Not the big boys.  

We did have a large presence in international affairs when it comes to trade (SWIFT,G8) but nations are making bilateral deals all around us and we are increasingly ostracized from relevance.  And the old players are slowly fading off in the sunset.  Stripped of capabilities to produce anything other than debt coupons or some other paper pusher "product."

End of an empire.

pods

Fri, 04/04/2014 - 15:20 | 4625959 AldousHuxley
AldousHuxley's picture

Countries that are resource rich are like super attractive model.....they NEED powerful protection or else they will be exploited under the thread of violence.

US is like a supermodel smart enough to train in martial arts and carry the best arms money can buy. now the model is aging, but makes money selling protection to other younger models (arabs, africa, etc.).

 

debt doesnt' matter when you have guns because you steal commodities (oil) from others to pay it back.

Does your credit rating really matter if you are a drug kingpin who also happens to own the bank that can convert assets into cash?

Fri, 04/04/2014 - 16:40 | 4626367 disabledvet
disabledvet's picture

At a certain level World War II was simply "Hitler versus Stalin."

Wall Street became Wall Street and the Dollar became the Dollar pretty much based on this simple fact "and their ability to basically stand aside" for the most part.

Even the Pound is still a global reserve currency actually.

From "Greek vortex" to "Russian Steppe" now?

I do not agree with those who say this was somehow "plotted" or "planned in advance." Having said that there is a lot of "motive, means and opportunity" here. And yes...it does appear personal.

Fri, 04/04/2014 - 15:10 | 4625913 sleigher
sleigher's picture

I really cannot fathom how the rest of the world allowed the US to get into this position.  I mean, I guess hindsight is 20/20 but still, it is crazy.

Fri, 04/04/2014 - 15:21 | 4625968 NotApplicable
NotApplicable's picture

I think the appropriate term is "CIA black budget."

Any legitimate competition will be undermined without delay.

Fri, 04/04/2014 - 15:22 | 4625974 AldousHuxley
AldousHuxley's picture

no surprise here....super powerful became arrogant and blind to own weaknesses while others were vying for their turn.

 

downfall of every top empire, family, businesses, etc....destruction can only come from and does come from within.

 

ways of the nature > any man made weapon

Fri, 04/04/2014 - 16:01 | 4626208 centerline
centerline's picture

Is just time.  I hate to sound like Martin Armstrong too much... but he is right about everything moving in cycles.  The larger trends cannot be controlled.  Is just nature.

Fri, 04/04/2014 - 16:22 | 4626301 Winston Churchill
Winston Churchill's picture

Maybe.But there is a 250 year cycle he doesn't seem to know about.

Clogs to clogs in ten generations.

Fri, 04/04/2014 - 18:12 | 4626621 naughtius maximus
naughtius maximus's picture

Lance Armstrong says the same thing

Fri, 04/04/2014 - 16:27 | 4626324 Sabibaby
Sabibaby's picture

There was a time the US produced a lot of good things like technology and science, even good laws. That changed though.

Fri, 04/04/2014 - 18:30 | 4626668 mc225
mc225's picture

'good laws' .. tsk tsk

Sat, 04/05/2014 - 01:05 | 4627492 Anusocracy
Anusocracy's picture

Private laws in effect on private property makes for a civil society.

Sat, 04/05/2014 - 03:14 | 4627606 Sandmann
Sandmann's picture

Not sure private property looks too safe in the US with court rulings in CT and other jurisdictions. It is only a contingent right anyway trumped by the law of the gun......if you don't fight for your homestead you don't keep it

Fri, 04/04/2014 - 16:37 | 4626352 Abaco
Abaco's picture

WWII

Fri, 04/04/2014 - 22:09 | 4627202 disabledvet
disabledvet's picture

yep.

Fri, 04/04/2014 - 15:25 | 4625991 WillyGroper
WillyGroper's picture

Audacity of Dope.

Fri, 04/04/2014 - 15:39 | 4626072 magnumpk
magnumpk's picture

Agreed Daddyo.  I wish somebody would ask the apprpriate govt talking head upon what basis the US is objecting. One can only imagine the nonsensical bullshit explanation, but I'd like to hear someone try.

Fri, 04/04/2014 - 15:42 | 4626088 SilverDOG
SilverDOG's picture

DaddyO

 

 

So... you missed Libya's gold attempt and Iraq's as well.

Typical.

Fri, 04/04/2014 - 17:36 | 4626528 Pseudonymous
Pseudonymous's picture

The difference in this case is that they are publicly acknowledging it. He said they already are full retard. Now they are simply trying to make sure everyone knows.

Fri, 04/04/2014 - 18:16 | 4626630 DanDaley
DanDaley's picture

The question remains: When does the really big shooting start?

Fri, 04/04/2014 - 15:05 | 4625883 forensicator
forensicator's picture

Speaking of Nuland, is the State Department trying to eplain away the 5 billion spent to overthrow the Ukrainian government http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing...

Fri, 04/04/2014 - 15:21 | 4625940 chemystical
chemystical's picture

"billion goes missing"?

Rabbi Dov Zakheim could find that much amongst the lint in his trouser pockets. 

"What's 1/2300 of 2.3 trillion? Alex"

http://www.rense.com/general75/latest.htm

Sat, 04/05/2014 - 16:37 | 4628540 Rafferty
Rafferty's picture

Dov Zakheim.  The real mastermind behind 9/11.  Check it out folks.

Fri, 04/04/2014 - 15:59 | 4626199 Leaping Lizard
Leaping Lizard's picture

The former United States of America to be retitled The Zionist Oligarchies of Nulandia.

Fri, 04/04/2014 - 16:15 | 4626277 CrashisOptimistic
CrashisOptimistic's picture

I didn't get thru all 6 pages, but those I read say that despite attempts the gold wackos haven't yet corrupted this thread.

And so, an item worth mentioning is this re: oil.

Russia's oil dominance is not at all permanent.  They are relying on very old fields for the bulk of their production.

Relying on old fields doesn't mean that you are sitting there at the well and watching a meter and hoping it doesn't fall.  That's not how it works.  They are "investing".  Investing in oil talk means spending money drilling more wells, the output of which will be less than that of original wells (on their first day of flow), but that output will serve to offset the decline in the output of the old wells.  This is how the world of oil works.  You drill, you flow, the flow starts to decline, you drill more wells to fight that decline.

Russia's old fields are drilling 6000 new wells a year to fight off the inevitable.  Yes, they are exploring in the Arctic and yes they are exploring out in the west of their country, but they have a steep decline in the east to offset.

They eventually, soon, won't be able to.

Which should not be interpreted to mean they will lose power.  You see, everyone else will be declining, too.

Fri, 04/04/2014 - 18:32 | 4626674 mc225
mc225's picture

but russians have abiotic oil...

Fri, 04/04/2014 - 23:40 | 4627338 HardAssets
HardAssets's picture

mc225:  "but russians have abiotic oil . .  "

quiet - - - - not supposed to mentioned that. A Rockefeller scientist declared oil as from dead dinosaurs (even at depths far below where such supposed animal remains would have existed.)  If the word gets out, the dollar will have to be based on something else - - - like the carbon we exhale, for example.

Sat, 04/05/2014 - 02:12 | 4627552 CrashisOptimistic
CrashisOptimistic's picture

Oil is found in certain geologies.  Certain rock formations deep underground imaged on the surface with all sorts of fancy this and that.

It doesn't appear other places.  There are over 100 years of drilling database to teach this lesson.  You don't spend millions of dollars drilling unless that rock formation is there.

The oil that may or may not be in that formation can have been put there by a plant urinating for all any petroleum person cares.  The origin DOESN'T MATTER.  The only place you find it is in those formations.  When you run out of those formations, you have nowhere to drill. 

Now you are free to spend your money revisiting wells that were declared empty and see if they refilled.  Over a period of 100 years, it may or may not surprise you to know that people have in fact done that.  They have gone back 10 years later and looked.

And then put the concrete back in and wrote off that $5 million.

Sat, 04/05/2014 - 03:13 | 4627605 Sandmann
Sandmann's picture

God punished Rockefeller by giving the rest of the oil to Muslims

Fri, 04/04/2014 - 23:41 | 4627377 Matt
Matt's picture

Crash, did you mix up East and West?

Looks like Russia has big plans for Sakhalin, maybe lots of offshore oil there.

Sat, 04/05/2014 - 02:07 | 4627548 CrashisOptimistic
CrashisOptimistic's picture

Yup. 

This is the brain equivalent of water spinning clockwise or counter clockwise down a drain in the southern hemisphere.  haha

Sat, 04/05/2014 - 09:09 | 4627805 Keyser
Keyser's picture

I have a problem, which is people that make assertions about things they obviously know fuck-all about on the internet. You sir would be one of these people. 

Sat, 04/05/2014 - 10:55 | 4627918 thestarl
thestarl's picture

I know this dopey it costs me twice as much to fill up now compared to a few years ago, add food inflation and you get the drift here.Where is the growth you moron.

Fri, 04/04/2014 - 14:44 | 4625766 nickels
nickels's picture

For more than half a century we've tried to harangue the Chinese and Russian Commies into being more like us. Now they're more like us than we are. Be careful what you wish for.

Fri, 04/04/2014 - 14:57 | 4625835 foodstampbarry
foodstampbarry's picture

Screw you, I've already copyrighted the name.

Fri, 04/04/2014 - 21:08 | 4627056 Incubus
Incubus's picture

I call dibs on "Whoring Out Lady Liberty" for my band name.

Sat, 04/05/2014 - 02:56 | 4627578 A Nanny Moose
A Nanny Moose's picture

I call dibs on a surplus aircraft carrier.

Sat, 04/05/2014 - 04:21 | 4627641 Incubus
Incubus's picture

As long as you fly the skull and crossbones and let me be in the crow's nest.

Fri, 04/04/2014 - 14:39 | 4625731 CrazyCooter
CrazyCooter's picture

Obama will go down as the worst president in history. Why? Because the US won't be writing it.

Regards,

Cooter

Fri, 04/04/2014 - 14:45 | 4625773 Two-bits
Two-bits's picture

I might agree with you cooter, but I think that unless the TOTUS goes full retard, the USSA might get written out of history all together.

 

Fri, 04/04/2014 - 16:51 | 4626393 silvermail
silvermail's picture

If Washington will continue to provoke Moscow, Obama may be the last U.S. president.

Fri, 04/04/2014 - 21:11 | 4627069 Drifter
Drifter's picture

And DC might be uninhabitable for couple millennia.

Except roaches of course.

Fri, 04/04/2014 - 23:19 | 4627344 HardAssets
HardAssets's picture

If  WW3 starts, could the Russkies and Chinese at least have the decency to send the first nuke to D.C.

It would be nice to finally be free of those assholes, even if only for a few minutes.

Sat, 04/05/2014 - 09:12 | 4627807 Keyser
Keyser's picture

Personally, I hoping for a flurry of nail gun suicides in high places. 

Fri, 04/04/2014 - 23:23 | 4627350 chemystical
chemystical's picture

"And DC might be uninhabitable for couple millennia.  Except roaches of course."

And the obvious question is, "So it will look pretty much the same?"

Sat, 04/05/2014 - 03:01 | 4627584 A Nanny Moose
A Nanny Moose's picture

IOW, it will be exactly as it is now. Uninhabitable, and populated with cockroaches.

Sun, 04/06/2014 - 04:04 | 4629467 Philalethian
Philalethian's picture

Yes, true that.

All as planned, of course.

There is little hope that there will ever be another election at all. Any election bantering is just that. Barf and baloney bantership. They all know when this is going down and where to go when it happens. What the little puppet minions that were promised underground bunker spots will find out is, they are to be left out with the rest of the sheeple as the missiles come raining down. Stupid flunkies are too stupid to realize the babylonian money-master-things do not want traitors to their own country amongst them. They will use the useless idiots by making them go to war against each other. How anyone could plan to live underground for the rest of a lifetime is just stupid to ponder. War is stupid. No one wins in war except those who send young people to die for nothing or worse, a contrived False Flag Event reason.

Fri, 04/04/2014 - 14:46 | 4625777 agstacks
agstacks's picture

Dat be raciss, i'm telling..

 

 

Fri, 04/04/2014 - 15:11 | 4625912 KickIce
KickIce's picture

Really, how dare he talk about the last black president like that.

Fri, 04/04/2014 - 15:49 | 4626127 FeralSerf
FeralSerf's picture

He looks brown to me.  If you want to see black, check out Clarence Thomas.

Fri, 04/04/2014 - 18:46 | 4626703 General Decline
General Decline's picture

technically he's white

Fri, 04/04/2014 - 20:48 | 4626994 Buckaroo Banzai
Buckaroo Banzai's picture

1/4 negro, 1/4 Arab, 1/2 white... Yep.

Of course, that's only if you believe that B. Hussein Sr. was actually his father.

Sat, 04/05/2014 - 09:12 | 4627808 Keyser
Keyser's picture

So he's not even an oreo? More like beggars stew. 

 

Sat, 04/05/2014 - 11:34 | 4627981 FeralSerf
FeralSerf's picture

His real father is the CIA.

Fri, 04/04/2014 - 15:23 | 4625973 onewayticket2
onewayticket2's picture

ever get the sense obama is cool with the USA being cut down to size (sans petrodollar).  he's all about equality of OUTCOME....and believes in a zero sum game....therefore strong nations must be cut down to size.  first us....then impose a progressive global tax on wealth and wealth generation....i think it's called a carbon tax.

Fri, 04/04/2014 - 16:23 | 4626305 murpheus
murpheus's picture

One way ticket, once again I keep thinking about Obama's comments to Putin about having more flexibility after he's elected. We've all seen and heard the video.  I am convinced Obama is purposefully playing right into Putin's hands.  He is trying to destroy America.

Fri, 04/04/2014 - 18:50 | 4626718 General Decline
General Decline's picture

Obama has the mental capacity of a 3rd grade mongoloid.  Do you really think he is making any of these comments or decisions at all?  His Zionits handlers - they call the shots 

Sat, 04/05/2014 - 16:53 | 4628569 Rafferty
Rafferty's picture

How often must I say that Obama does not make the decisions.  He's just a puppet with the YKW handlers' hand up his ass.  (When Reggies isn't up there, obviously).

Fri, 04/04/2014 - 16:23 | 4626306 murpheus
murpheus's picture

One way ticket, once again I keep thinking about Obama's comments to Putin about having more flexibility after he's elected. We've all seen and heard the video.  I am convinced Obama is purposefully playing right into Putin's hands.  He is trying to destroy America.

Fri, 04/04/2014 - 14:55 | 4625826 McMolotov
McMolotov's picture

Ouch. That one's gonna leave a mark.

Fri, 04/04/2014 - 14:59 | 4625844 HardlyZero
HardlyZero's picture

Russia Moscow politicians are kicking out all 400 McD's since the McD Crimea pullout (of 3 restaurants).

Fri, 04/04/2014 - 15:04 | 4625875 McMolotov
McMolotov's picture

"They hate us for our Freedom Fries."

Fri, 04/04/2014 - 15:38 | 4626063 ParkAveFlasher
ParkAveFlasher's picture

Down with Grimace!

Fri, 04/04/2014 - 15:53 | 4626155 FeralSerf
FeralSerf's picture

Maybe they'll just turn the big M sign upside down like the ones in Moldova.  Saves a lot of franchise fees too.

Sat, 04/05/2014 - 02:49 | 4627574 natty light
natty light's picture

Burger World.

Beavis and Butthead worked there.

Sat, 04/05/2014 - 03:04 | 4627591 A Nanny Moose
A Nanny Moose's picture

McDowells. They have the Big Mic.

Fri, 04/04/2014 - 16:32 | 4626334 Uncle Remus
Uncle Remus's picture

Well, that'll help the health care costs in Russia.

Fri, 04/04/2014 - 19:12 | 4626780 pot_and_kettle
pot_and_kettle's picture

They could always turn them into " McDougal's ". Just remember no sesame seeds in the bun...

Fri, 04/04/2014 - 21:23 | 4627099 Joenobody12
Joenobody12's picture

The Russians will eat right and be more health .

Sat, 04/05/2014 - 09:14 | 4627812 Keyser
Keyser's picture

Not as long as the males drink a quart of vodka every day. 

 

Fri, 04/04/2014 - 15:04 | 4625877 NoPantsSpongeBob
NoPantsSpongeBob's picture

Bush is already working on illustrations for the next re-write. http://www.today.com/news/bush-putin-dissed-our-pet-said-his-dog-was-big...

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