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Petrodollar Under Threat As Russia And Iran Sign Historic 500,000 Barrel A Day Oil Deal
Russia Delivers Blow To Petrodollar In Historic $20 Billion Iran Oil Deal
Russia signed a historic $20 billion oil deal with Iran to bypass both western sanctions and the dollar based western monetary system yesterday.
President Putin Admire Gold Bar (London Gold Delivery Bar)
Currency wars are set to escalate as the petro dollar’s decline continues.
Russian Energy Minister Alexander Novak and his Iranian counterpart Bijan Zanganeh signed a five-year memorandum of understanding in Moscow, which included cooperation in the oil sector.
"Based on Iran's proposal, we will participate in arranging shipments of crude oil, including to the Russian market," Novak was quoted as saying.
The five year accord will see Russia help Iran “organise oil sales” as well as “cooperate in the oil-gas industry, construction of power plants, grids, supply of machinery, consumer goods and agriculture products”, according to a statement by the Energy Ministry in Moscow.
The deal could see Russia buying 500,000 barrels of Iranian oil a day, the Moscow-based Kommersant newspaper has previously reported. Under the proposed deal Russia would buy up to 500,000 barrels a day or a third of Iranian oil exports in exchange for Russian equipment and goods.
The Russian government withdrew the statement regarding the deal last night, but said it would issue a new statement today.
In January, Russia said that they were negotiating an oil-for-goods swap worth $1.5 billion a month that would enable Iran to lift oil exports substantially to Russia, undermining Western sanctions.
Yesterday, the Russian President told regional leaders that “the political tools of economic pressure are unacceptable and run counter to all norms and rules.” He said in response to western sanctions he had given orders to boost domestic manufacturers at the expense of non-Russian ones.
The White House has previously said that reports of talks between Russia and Iran were a matter of "serious concern".
Reserve Currencies In History - Dollar's Demise Continues
"If the reports are true, such a deal would raise serious concerns as it would be inconsistent with the terms of the agreement with Iran," Caitlin Hayden, spokeswoman for the White House National Security Council, said in January.
U.S. and European Union sanctions against Russia threaten to hasten a move away from the petro dollar that’s been slowly occurring since the global financial crisis.
See important guide to Currency Wars here Currency Wars: Bye, Bye Petrodollar - Buy, Buy Gold
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It is interesting to reflect on US policies and the quaint belief of Amercians that they have a working democracy. At no time over the last thirty years has either party changed any of the underlying policies that have gutted the US economy.
Both parties prey to the altar of globalisation and policies that support the 'financialisation' (securing capital and labour from anywhere that is cheap) of the US economy via off-shoring, in-sourcing, out-sourcing, etc.
Th biggest problem here in America is the people dont give a fuck about the lies . They just wan thier stuff if they are lazy or they want thier stuff if they are working. 50 /50 and we are gonna get whats coming to us for allowing such a lack of character run this country into he ground. Shame on us
I don't get it. Russia and Iran are both oil exporters. Where is Russia going to store the Iranian oil. In Putin's swimming pool?
There are different powers struggling in TPTB, TPTB being those that have hegamony on energy and finance.
Pull out a map and look at Asia. Then look up what countries in Asia have high energy needs, how they meet those needs and most importantly which contries can afford to pay for them.
Ask yourself why the US is in afghanistan.
Then look at the land mass of Russia how much energy Russia has and its population.
Russia could easily dominate Asia from an energy stand point particulary as they are also geographically setup to do so. They do have a CB which means they are part of the mentioned hegamony just under a different control sect.
What does Europe do if Russia starts sending energy south rather than west. This also explains libya and how fast the take down was.
Russian issue is low population which means they could be dominated unless they stay tech heavy.
US issue down the road will start revolving around the US always manipulating/pushing events in certain directions. Expect push back. This is also known and being manipulated by certain groups. I don't think these groups have the best interests of the people in mind. I'm not going to put my tinfoil hat on for more, so do your own research.
"salus populi suprema lex esto"
Whose people.
you're right. you don't get it. lol
Today's collapse was accelerated to you by the numbers high-five, chunk-a-deuce, and the letter O.
He is so fuckin cool that I can't stand it. But, what does Putin holding Barry's greasy butt plug have to do with any of this?