This page has been archived and commenting is disabled.
US Threatens Russia Over Petrodollar-Busting Deal
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."
»
- 167380 reads
- Printer-friendly version
- Send to friend
- advertisements -
Wow painting sure gives a jovial, playful side to W, don't it?
What a swell guy.
His paintings are less awful than I thought they would be.
"His paintings are less awful than I thought they would be"
So were Hitler's
Even Tom Perkins calls him an 'amateur President"....http://money.cnn.com/video/news/2014/02/14/n-tom-perkins-obama-amateur-p...
That was the point of inserting him. "End of The Empire? The black guy did it!"
Worst president in history (to date). The next one that gets elected will be even worse.
yep. That seems to be the trend
"Hitler spoke of how unburdened he felt when he finally came upon the solution of invading Russia."
I would be very wary of a President who is really hard working and who has very low poll numbers and is looking at his City going down in Flames while on his watch.
"War with Russia" doesn't just sound crazy...it IS crazy! "But he will fell unburdened once he realizes "this is the guy i really hate in the world. This phucker really is it.""
Wake up folks. This is a REALLY fluid situation...and is the REAL DEAL as well. Kazahkstan and Belarus are not supporting this..."and this just in from disabledvet's favorite company":
http://seekingalpha.com/news/1661863-ge-says-u-s-approves-overhaul-of-ai...
this could be perceived as opening up a "southern front" right in the middle of Russia itself.
http://en.wikipedia.org/wiki/Geography_of_Iran
"Persia" is arguably the greatest Empire in all of history actually.
can't give them all the credit. Like all empires, the US is its own greatest enemy
Yo Do,
I've been waiting for weeks for him to weigh in on Ukraine, and he didn't disappoint. He's called this one better than anyone I know of, and done it for years.
You can listen to Jim Willie here, predicting exactly what's happening.
http://youtu.be/4eYiyasVwUM
but, but, most of the third world is obsessed with trying to figure out what they can sell to Americans so they can get US Dollars, so they can buy gas for their little pickups so they can carry more of their little goods to the market to be exported to America so they can get US dollars so they can go buy more gas for their little truck so they can go buy some sticks to carve into chopsticks so they can sell them to America's so they can get more US Dollars to buy more gas.
If the third world didn't have to spend their entire day enslaved to American's so they can get dollars to buy gas for their little trucks...
...then, where will Americans get their stuff from?
...China (and the third world) would be a much better place, if they woke up every day and tried to figure out how to serve their neighbors, than they are waking up and trying to figure out how to serve Americans.
just sayin
Jim Willie talks about it here and all that he said, well almost all, is developing faster than a speeding bullet.
http://youtu.be/4eYiyasVwUM
DoChen:
Does the central bank of Peru have a reserve of physical silver (from Peru mines)?
I'll 'see' your sanctions and 'raise' you more sanctions.
This could drag on forever.
Then WW3 starts like this:
"No one was sure who set off the first nuclear warhead, though retaliation was swift and harsh".
"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"
The last card to play... :)
3) False flag alien invasion bitchez!
Could happen, the 1960's ish Report From Iron Mountain had that as an alternative. If you have not given it a read, YOU SHOULD.
There be no shelter here
AD
RATM +1 bonus.
Moscow kicking out McDonald's from Russia was 'the tipping point'.
Sounds like the Muscovites are picking a fight. The old saw about 2 countries both having McD's have never warred against eachother holds mostly true.
http://news.fresno.edu/07/26/2007/mcdonalds-theory-conflict-prevention-peace-through-franchising
Two countries with nuclear weapons have never warred with each other, and hopefully never will. Does anyone think our relationships with Pakistan or N. Korea would be the same if they did not have nukes?
"Does anyone think our relationships with Pakistan or N. Korea would be the same if they did not have nukes?"
Or valuable, recoverable resources?
The nuke argument still stands, which is why Iran will never stop seeking one for themselves. They would be crazy if they did. If they needed another example, Ukraine just gave them one.
Reminds me of Soup Nazi...no Idaho Potatoes for You !
If countries are looking to work outside of the US banking system does this mean this applies to futures contracts? I mean, like the type that allow for manipulations of commodities?
Shaghai exchange has already announced futures contracts in renimbi,starting July I read.
July first huh?
I wonder if it has anything to do with Title V of FATCA (U.S. House of Representative Bill “H.R. 2847”)
Quite the coincidence if not.
Awesome sauce, let's toss some sanctions on all the oil producing countries.
At least we are energy independent, right?
pods
Pretty clear the US is in the process of failing. A clearly confident nation of people wouldn't have leaders that think they need to talk so damn much.
Life imitating art:
-Chancelor Sutler
Talking too much, Mommy helmet on bike, sending a lone destroyer to wander around the Black Sea - Beta or even Gamma.
Laughing at sanctions, shirt off on horseback, deploying S-300 near Crimea - Alpha.
(Republic, not a damned "democracy." )
USSA is neither of those.
Instead you can choose between fascism and plutocracy...
False dichotomy, dude. 'Murcans enjoy both fascism and plutocracy.
Alas, 'Murcans do lack an aristocracy, unless you count Oprah and the Kardashians.
I choose plutocracy.
In one fell swoop Putin would destroy OPEC, the Democratic Party, 90% of the Republican Party, and a good bit of Wall Street. Love it.
What fucking idiocy and sheer pomposity telling two nations how NOT to do business!
No wonder we've made so many enemies.
BECAUSE OBAMA IS A DOUCHE BAG FOR THE BANKSTERS!
"BECAUSE OBAMA IS A DOUCHE BAG FOR THE BANKSTERS!"
And most of us are the collective colostomy bag.
I accidentally red arrowed you on my phone. Sorry.
Edit: hmmm fixed itself from my laptop. Strange.
All by design. Kill the Dollar. Just ask Kyle Bass after his delightful conversation with a Oboinko administration official.
Yep.
Good acting. obama is a russian plant - the manchurian candidate. Remember the (two) movies of the same name.....where do you think the ruskies got the idea? Hollywood (via the novel). And Soros, whose betting against us, stands to become the richest man on earth.
Hopefully he'll soon be the richest man in hell.
Peak free oil bitchez.
Better prepare and short gold! Buy stocks!
Hey Latina Lover, please get a new picture. It's really offensive.
I personally find all the Obama avatars worse.
It's a cunt. Quite important to reproduction. Which is why we're all here. So no surprise that it is a popular image.
I'd prefer to look at a cunt than Obama's slimy mug any day, agreed.
When you can't drive your own dollar down anymore, get Russia to do it for you. Should make interest rates interesting.
Toss a few nukes around, that's okay, but don't mess with the petrodollar.
Yup....but then its an agreement between two countries that hate Israel so no, its time for the puppet state of america to put a stop to those plans.
Never go full retard.
Pooty Poot is trying to get himself Kadafyed
Gold, bitchez!
Ruble, bitchez !
PRO100 credit cards, bitchez!
( General Washinton in a note to the Hessians on Dec 26th: "Prithee, what now, bytches?" )
Nycely plaiyed.
It's not over till one of them spits
yeth it wuth
Option 1 does not exist in this timeline.
Iodine pills, anyone?
Ordered mine after lewrockwell.com posted that other readers had bought them at Amazon.
$7.99 has your whole family covered!
On a positive note this might get us a glimpse of Alien-derived technology (no, not the low rider), HAARP systems, and post-nuclear super weapons.
Time for the big guns to come out and play if they in fact exist.
Why should America force sovereign nations to trade in dollars for goods and services including oil? I understand that the demise of the petrodollar is going to mean hardship here at home with all those dollars coming home to roost. I guess America only wants free trade when it can control the outcome of that trade or profit from it.
Two of natures best survival traits:
controlling the resources and
controlling the competition.
And we the people step back and ask, "How the fuck did things ever get so fucked up as this?"
Guess who the people elected.
Speak for yourself. I haven't voted since 1992. Just like war is a racket so is voting. Give the people the illusion that they have some control when nothing could be further from the truth.
Preident Mom-Jeans doesn't have the cojones for option 2, even though he is stupid enough to do it.
This is going to be hilarious.
Hilarious? I think you have a different definition of the word than I do.
Best case scenario: It's going to be pathetic.
Worst case scenario: I'll be looking at the wind patterns trying to figure out where the fallout that formed over Kirtland AFB and Los Alamos is going to land.
My GMC-300E arrived in the mail last week.
He'll do what he's told. And like it.
"You are my Bitch, Bath House. Tell me you like it."
"I like it, Lord R."
"Am I better than Vlad?"
(pulls on leash)
"Yes!"
"Better than Soros?"
"Yes!"
"I will beat you with my meatstick, meat puppet!"
"Please, Lord R!"
(later)
"Reggie has your new instructions. Light me a cigarette, please. Now I must see Vlad. He will enjoy our little video we made."
Obama is so out of his league...Classic Putin here..."Give me back my Pen"...HAHAHHAA! Must see.
http://youtu.be/flC---s2moA
Obama: whatever you do to Ukraine, we're going to do to you.
Putin: Fine, we were just going to kiss their asses and let em go.
Just remember, it's all for show.
http://www.youtube.com/watch?v=XsFR8DbSRQE
This is what Putin must be doing .......talking to Obama........ARE YOU TALKING TO ME?.....Here is a man who stood up against the scum, the cunts, the dogs, the filth....here is someone who stood up....
http://www.youtube.com/watch?v=4e9CkhBb18E
Pfft. Nothing a couple selfies of diplomats can't fix.
Obozo's new "signature" policy initiative: the death of the dollar.
What boggles the mind is two countries, on the other side of the world, sharing a continent and centuries of intra-continental trade, are being told by a country on the opposite side of the world, not on the same continent, and with a much shallower history of relations with each, that they can't take their OWN resources and trade them with EACH OTHER, lest they be "punished".
All through world history countries have traded, goods for goods, goods for money, goods for "x"....whatever they feel is equitable. If DC seriously thinks they are going to undertake controlling and regulating country-to-country trade on a global basis, even when they are not involved, it will be enjoyable to watch them fail (and flail about) miserably.
Lunatics are surely running this asylum.
What is even crazier is that all the other countries around the world are following the orders from this remote country on another continent to not trade in anything but "x".
"Fear will keep them in line- fear of this battlestation."
Grand Moff tarkin
Anyone got any questions???
Good. Now get back to work.
-Sees Putin leaving...
"Hey! You at the back of the room, where do you think you're goin.??."
Agreed, but as for, "1) Start acting responsible and doing the common sense thing."--Too late.
Anyone that understands how fraudulent-reserve banking works and the house of cards pickle the DC US and related banksters are in will understand that the Petro$ is in the driver's seat and has no idea about that brick wall ahead.
"There's a guillotine for that."
"There's a guillotine for that."
Obama: "If you want to keep your guillotine, you can keep your guillo..."
lifes a bitch when you're the Rothschilds bitch and knowing them fuckers, they want war at all costs, so much easier to sweep all the dirt under the rug that way.
He will nuke us, but I like Putin; a man's man.
I am weighed down by the corruption around me. I will take my chances......................
Obama, life doesn't seem so rosy anymore?
Game over cor the US?
Obama still has "a phone and a pen." LOL
Oh god, we are so screwed...
Deposit Insurance System Will Increase Physical Gold Demand China
http://www.ingoldwetrust.ch/deposit-insurance-system-will-increase-physi...
Sweet!
Once the US loses the petrodollar Charles Evans, Janet Yellen and William Dudley can eat dirt as the attack on the US dollar esculates.
Guess Russia isn't playing your Wall Street banskter game and your pissed off.
May the attack on the dollar continue,
I wonder if Americans are starting to realize that some jobs are too important to go with the affirmative action candidate.
oh yeah we should have gone with mccain or mittens the magical underpants man...
That's the whole point. The current 'electoral' system doesn't give you a meaningful choice.
"Some jobs are too important....". Yeah, like the guys collecting the garbage can contents Thursday mornings.
President? Not so important....
I'll go with "sutpid".
Yep, essentially your correct.
Start acting responsible and doing the common sense thing
Never in a million year will it happen
I take #2 for a 100 rubles
I take #2 for a 100 rubles
Fuck it, let's get this party started already. I mean, that whole Cold War thing was just a big long drawn out dildo show, time for the donkey show.
I have decided that comments that don't add substance to the article and are
used to just demean the author or the article add nothing.
Therefore, I am not going to read anymore comments.
PS FUCK YOU OBUMMER, take another one up the ass!!!!!!!!
I will take #2 for 500 Rubles
"I'll take: Obama Does Something Stupid for 1000!"
http://rt.com/business/gazprom-neft-looks-eastward-805/
(Doing my best Saruman voice)
To War!!!!
"Remember your training, and you'll make it back alive"!!!!!!!
It's almost impossible to quantify the ugliness of the Washington/Wall Street axis. I'm old and I'm truely saddened for my Country as I remember it.
Ditto on both points
Gringo Viejo
"It's almost impossible to quantify the ugliness of the Washington/Wall Street axis. I'm old and I'm truely saddened for my Country as I remember it."
Been thinking A LOT about 40s, 50s, 60s... I don't think anything then was what we believed.
Warnings about how bad things were... Truman's article, Washington Post, December 21, 1963 and Eisenhower's military/industrial warning speech. Those two and others had to have known things were very bad and had to have understood things had been very bad for quite some time.
@dizzy: Copy that loud and clear.
Viejo: wish I had all those 40s Movietone News films to watch again; might be more interesting now than they were then.
dizzy: LMAO. I'd settle for Spin & Marty.
I was born in 58. It was pretty tough to get by back then. But like my father, I'm the sole breadwinner in the household. When I was a kid, we went on vacation every year. I wish I could afford that for my family now, and I have a much better education than my father did. Let's face it, we've been getting fucked sinced the 70's. Nixon's fault for listening to Kissenger and the bankers and decoupleing from gold. Soon it won't matter anymore. I already know the winner of the shitstorm sweepstakes. It is Mr. Gold, and his little sister Silver. Then we can rebuild.
PS: Politicians are a commodity to be bought and sold. Save your rope for the bankers.
"Nixon's fault for listening to Kissenger and the bankers . . ."
"Reagan proved that deficits don't matter." --- Dick Cheney
Seems to me it all changed Nov "63 when a president was murdered by the combined might of financial, military, political and industrial elites. And the press shut the fuck up about it. There was no turning back from that. It truly was the Turning Point. A crime so brazen and obvious, and all they could do was parrot the "Lone Nut" theory.
"I'd settle for Spin and Marty"
Here ya go:
http://www.youtube.com/watch?v=5rkLL3reXYY
Now reading Seymore Hersch's "The Dark Side Of Camelot". All the clues were there, but very few in America saw the reality behind the curtains. This book is a must-read - even for those who think they knew everything all along. JFK and the whole Kennedy clan was the start of this country going over the cliff. When history is finally written JFK will go down as the beginning of the end. Pure evil, incompetence, and arrogance. Every single person in that administration was guilty of treason of the highest order, beginning with JFK and extending far, far down the chain of command. And to think that I actually wept when he was killed.
And now we have Barack Obama. Surely if JFK was the beginning of the end for an America that means anything worth fighting for Barack Obama and his puppeteers mark the arrival of the final moments.
i was born in the late 50's too. it seems like it has been a slow slide down my entire life. maybe because i was young, and the newspaper and the single 3 channels on tv shaped me and others of my age. but it still seems like things were better. people worked hard together on community projects, schools, even the dinky south carolina public school i went to had science clubs and slide rules. people seemed to have much greater depth of character. churches were important in the community, people were godly. they acted in manner, demeanor, and speech as godly people.
now the normal is absolute id, there are still godly, honest people of integrety and character. but now you see so few of them that it makes an impression, whereas when i was young running into someone that was not morally upright or trying to be was a rare occurance.
maybe this is all just a patina from my youth that i remember and yearn for as i believe all of us do. for those days of our youth when troubles and responsibilities were so basic and simple, when a shovel and a huge pile of sand were like heaven, and saturday morning spent playing in the creek or the woods to avoid additional household chores was nirvana.
maybe jfk was the beginning of the end as you suggest, or his asassination.
this is all meaningless rambling from someone who believes in god and sometimes wonders why he doesn't strike down those that blindly turn away from him and destroy all that is good.
Hi stormsailor - I remember the same childhood, as I'm sure many of us do who are now older than we ever imagined we would be. I do thank that God who seems to have deserted us for my childhood days - many happy times spent with that shovel and pile of sand, and making things out of the red and gray Georgia clay, and building forts in the woods. I also thank God for a loving mother and father, and for a few teachers who cared, and for scoutmasters who weren't pedophiles, and for coaches who gave each kid a chance to play, and even for preachers who were as far as I remember more interested in sharing their beliefs than in gathering in money. Like you I fear - I know - those days are gone and will never come again. I feel so privileged to have lived in that America, and feel so sad for young people today who will never know what this country could have been. Although maybe its better that they don't know - that way they will never know what they have lost.
Ask and you shall receive, dizzy! 2 hours' worth of 1940s Movietone News footage right here:
http://www.youtube.com/watch?v=9XThejFE8tI
At least your old. Alot are gonna wish they were.
Our answer is the world's hope; it is to rely on youth. The cruelties and the obstacles of this swiftly changing planet will not yield to obsolete dogmas and outworn slogans. It cannot be moved by those who cling to a present which is already dying, who prefer the illusion of security to the excitement and danger which comes with even the most peaceful progress. This world demands the qualities of youth: not a time of life but a state of mind, a temper of the will, a quality of imagination, a predominance of courage over timidity, of the appetite for adventure over the life of ease -- a man like the Chancellor of this University. It is a revolutionary world that we all live in; and thus, as I have said in Latin America and Asia and in Europe and in my own country, the United States, it is the young people who must take the lead. Thus you and your young compatriots everywhere have had thrust upon you a greater burden of responsibility than any generation that has ever lived.
Robert Kennedy, Capetown SA June 6, 1966.
I agree, the Crisis Generation. Let's get the fourth Turning turning.
Unfortunately most of those memories were lies.
True, about the lies, and I'm old as well. I'll be 60 shortly, if I live long enough through the shitstorm that is coming.
same here, why cannot this failure occur while i still have most of my physical abilities and strength, every day that passes puts me closer to a time where i will be less able to use my strength and knowledge to protect myself and my family. like the sword of damocles hanging with time against me.
Couple of Ciphers liked the taste of that steak too much.
pods
Maybe its more like Minority Report. They thought the memories were true.
The "Washington/Wall Street/NSA/CIA" axis is even more evil.
http://en.wikipedia.org/wiki/Plutocracy
http://www.bartleby.com/73/1593.html
LOL! This is what Putin is doing.
http://www.youtube.com/watch?v=rm81LSKJC2k
And then Obama said pew pew! pew pew pew pew!!
struck a nerve, did we?
Shit's getting real.
Couldn't be happening to a more deserving banana republic.
Too few people here acknowledge the importance of petro in the petrodollar.
Kind of get spoiled playing on home field all the time, every time.
THey forgot the collateral (fannie mae/freddie mac bonds) in subprmes too. Don't wait for Duhmericans to get the obvious. THe lobbyist rule the boat, China funded the legislators and not the private sector---They still think it's about civil rights.
Civil rights is being exploited to hide this junk. On ALL sides in the political spectrum.
funny things is, when you average in the cost of the military industrial complex, we probably pay more than europe for a litre of the black gold
No doubt true, but hey, Pew Pew Pew!
The wholesale cost of a litre or a barrel of black gold is about the same price in Europe as it is in the U.S. America's military expenditures keep it at that price for both sides of the pond. Therefor, America's real cost is effectively much more than Europe's. The reason finished petro-products are so much more expensive in Europe is their higher taxes. Americans are therefor subsidizing Europe's taxes through their military contributions to the oil price. The amounts of money involved are not inconsequential.
Actually, I believe the subsidy really goes to the owners of Big Oil and the Sheiks, rather than the consumers of the finished products. Big Oil and the Sheiks wouldn't be able to retain control and ownership of the oil without the American military and CIA.
they will when no one wants them anymore when your on vacation somewhere and your dollars are not so happly taken.. anymore ..when all those dollars out there are not needed to buy oil..and all those dollars come rushing back here... where they were printed out of thin air..then we might see the 1 million green back with Obamas pic on it..
If you don't stop, we'll shoot our foot and launch MX missles...
Naw, we decommissioned the MXs (LGM 118s.) It turned out that, while scary as fuck, they were also expensive. It'll be Minuteman IIIs and Trident IIs.
OH GOD! War is brewing and we don't even have the KB-35 fully operational!!
So what do Russia and Iran have to lose?
The U.S. is the school bully and the BRICS the kids the bully is beating up for their lunch money.
So the kids get together to hide their lunch money and the bully isn't happy.
Poor bully, I think he deserves his comeuppance.
There was a school bully (8th grader, big guy) when I was in the 6th. Our teacher, Ms DiCicco told us to stop whining because there were more of us than the one bully. She was right, we proved it during lunch. The petrodollar is now on it's last leg. Good riddance! Sell $, buy PMs.
One man and courage, make a majority.
the problem is we need andrew jackson, and instead we have erckle.
The real issue here is Iran can comfortably resume nuclear weapon development, right across the Persian Gulf from Ghawar.
You think the Saudis haven't figured this out?
And Jack can still climb a bean stalk.
No way to stop regional trades now!