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Putin Says The Petrodollar Must Die, "The Dollar Monopoly In Energy Trade Is Damaging Russia's Economy"
On one hand, despite initial weakness following Europe's triple-dip red alert, futures declined only to surge higher after some headline or another out of Russia was again spun to suggest imminent Ukraine de-escalation (something which Russia whose only interest is to keep crude prices high, has absolutely zero interest in), perpetuating a rumor which was set off by a Russian media outlet tweet last week that has sent S&P futures over 50 higher in less than a week on... nothing.
On the other, Putin just said the following, which no matter how one spins it, shows precisely how Russia is inclined vis-a-vis future (un-de-counter) escalations.
PUTIN SAYS RUSSIA SHOULD AIM TO SELL OIL AND GAS FOR ROUBLES GLOBALLY, AS DOLLAR MONOPOLY IN ENERGY TRADE IS DAMAGING ECONOMY
President Vladimir Putin said on Thursday Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia's economy.
"We should act carefully. At the moment we are trying to agree with some countries to trade in national currencies," Putin said during a visit to the Crimea region, which Moscow annexed from Ukraine earlier this year.
Countries such as China, India, Iran, Brazil, and virtually every other non-insolvent, that is to say "developed, Western" country.
And now, bring on the Russian "isolation" (which is about to push Europe, not Russia, into a triple-dip recession) and further de-escalation.
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Beginning of the end, right there.
A declaration of war to be sure.
Another todjaso, Knukies.
And how will the ruble be priced? In terms of gold.
OK and Germany needs how many 7 tonnes to see her through just this winter?
Mr Dudley. Calling Mr Dudley. Please pick up the Wolfram Salted phone.
The NY Fed's Dudley is a piece of garbage. Corrupt beyond perception.
Putin is taking one for the (golden) team/theme.
Well, it's not like we didn't see this coming... Gold pops and Uncle Sugar shits his pants...
Federal Reserve to Military Industrial Complex:
Quick, MH17 False Flag Failed, we need another provocation. Please arrange for a nuclear incident in the USSA to to blame on Russia. Leave a copy of Putins fingerprints on phony russian passports that somehow survive 5 million degree temperatures. Make certain to also push anti gay agenda, and include ferguson race riots as fault of Putin.
Putin is a dead man, he's fucking with the banks now.
Russia Plans Global Retaliation For The Ukraine
US Dollar Under Grave Threat
In the overall scheme of things, this means nothing. Nothing.
When will Obummer finally admit that he has lost to Putin? That would be his first sane action taken.
...this means nothing
lol tell that to the people filling up their SUVs with gas at 8am when the price will hit 8 to 10 dollars a gallon, or to the farmer putting diesel in his tractors etc...
gentlemen, start your gardens
In your backyard only, or else be prepared to play host to a team of SWAT thugs arriving to enforce municipal code against front yard veggies..........
... and you'll need a license from Monsanto.
We need a one-world digital currency NOW!!
http://btc-e.com
11:11 the song. this guy nails it.
https://soundcloud.com/tiller_wills/08-11-11a
...and Obama have been dancing and horseshitting around. http://www.weeklystandard.com/blogs/obamas-danced-nearly-every-song-good...
Putin is a dead man
Have you tried to enter Russia with a nailgun?
It's really really hard!
>>gardens and don't forget the poisons added to muni water.... or the shit they chemtrail. no child left behind you know.
MOTHERF*#@KER!!! Can't a Brother take a multi-week golf vacation at Martha's Vineyard without these constant "global and domestic issues" interruptions???!
It looks like the Dollars Days are numbered. There are several forces all coming together that will destroy the U.S. Empire:
THE UNKNOWN FACTOR: How The Global Financial System Will Collapse
http://srsroccoreport.com/the-unknown-factor-how-the-global-financial-system-will-collapse/the-unknown-factor-how-the-global-financial-system-will-collapse/
At least until swat has to pay for their own gas then it'll be ok.
As long as you don't live in California.
The way I look at it no one has been more hurt by the dollar dominance than the American middle class.
I. DEVALUATION OF THE DOLLAR; DEMISE OF THE DOLLAR AS RESERVE CURRENCY; DEATH OF GLOBAL DOLLAR DOMINANCE
Perhaps not so much from its dominance but the complete abuse of monetary policy and everything that flows from that abuse. Getting crap made in foreign countries for a few dollars less at the cost of a decent job always seemed like the worst trade a person could ever make.... and its national policy vigorously defended and promoted by both corrupt political parties. Bankers could hide the destruction of the dollar value as well so it works ... for them.
"works ... " Worked.
reminds me of oil / economic expert Nate Hagens' comment that the biggest threat to the american way of life...is the american way of life. It echoes hauntingly with DIck Cheney's declaration that the american way of life is "non-negotiable." Dick foregets just like it takes two to negotiate, it takes two to make an econoimic transaction. But Dick was always a strange boy...
Hundreds of thousands of innocent civilian casualties from every corner of the globe from over half a century of war, and their "lucky" relatives who survived, just might disagree.
But then again, "the way you look at it", some lives are just exceptionally more exceptional than others, I suppose.
Putin: Checkmate
More like putting it all on Red.
Doubt that.
The fact he came straight out with it is very telling.Russian don't take a crap without a plan.
Whatever that pan was, its now a fait accompli ,or he would never have done this.
His dollars/treasuries get killed too.
I doubt that Ms.
If I was Putin or Xi ,the first thing I would have done was pledged all my long end UST''s
as collateral at western banks,and used the loan monies on hard assets.
The UST's would still be in Chinas, or Russias name, but the western banks/govts are bagholders.
Its a Sampson option which I think they would rather avoid, but I would still have done it as
self defense.
In retrospect, obvious (just not to me, I didn't think it out that far).
My point is that your original point is probably correct, he would not declare this beause it hurts his holdings unless his plans are well in place and under way.
speaking of gardens....how do they grow?
the other Putin point is that he's pissed and he has a right to be. There is a breaking point for everyone and much of the world has had it with the US, its criminal control of the markets and currency, its export of inflation, it fascist democracies, it's resource wars wrapped in liberty sausage, and its stupid presidents.
History is less like the long play record, more like the tectonic fault line. Pressure builds and builds and then something busts. Putin had to pick a point to declare economic war, or is it defense?, might as well be this one.
I'm not sure if we've ever not been at economic war with Russia (at least since the revolution anyway). After the fall of the USSR, I think Western interests tried to move in, and since have been repelled by Putin and his backers. It's been on ever since.
Now it's just getting more serious as the global economy crumbles further.
http://driveonwood.com/ Gasification is most simply thought of as a process of staged or choked combustion. It is burning solid fuels like wood or coal without enough air to complete combustion, so the output gas still has combustion potential. The gas produced by this method goes by a variety of names: “wood gas”, “syngas”, “producer gas”, ““town gas”, “generator gas”, and others. It’s sometimes also called “biogas”, though biogas more typically refers to gas produced via microbes in anaerobic digestion.
You might think of gasification as burning a match, but interrupting the process by piping off the clear gas you see right above the match, not letting it mix with oxygen and complete combustion. Or you might think of it as running your car engine extremely rich, creating enough heat to break apart the raw fuel, but without enough oxygen to complete combustion, thus sending burnable gasses out the exhaust. This is how a hot rodder gets flames out the exhaust pipes.
The input to gasification is some form of solid carbonaceous material– typically biomass or coal. All organic carbonaceous material is made up of carbon (C), hydrogen (H), an oxygen (O) atoms– though in a dizzying variety of molecular forms. The goal in gasification is to break down this wide variety of forms into the simple fuel gasses of H2 and CO– hydrogen and carbon monoxide.
I built a wood-gas generator and installed it on my 1973 Ford 1 ton truck. Advance the timing 20 degrees, convert your carburetor, and you're in business. I got the plans from Mother Earth News, modified them s as to reduce the plumbing work, and with a little welding and pipe fitting, viola! Fuck the oil industry. Getting wood that is the right size, right moisture content, etc, and learning how to dial in the proper air flow (12v blower needed on a rheostat) and ash-catchers is where all fussing took place.
I'm currently working on a filtration setup with a centrifuge to process waste motor oil into useable fuel for my diesel. Veggie oil can be hard to source sometimes and you have to add heat exchangers somewhere in your fuel line to preheat it to avoid coagulation. With waste motor oil you can cut it with about 10-20 % gasoline so it has the same viscosity as diesel and then you dont' have to make any additional modifications to your truck.
If anyone is interested this is a pretty good primer http://www.thedieselstop.com/forums/f22/wmo-how-thread-277887/ but I'd defintiely suggest additional reading before putting a bunch of oil in your fuel tank :)
<I built a wood-gas generator and installed it on my 1973 Ford 1 ton truck.>
No kidding? Sorry for the off subject comment, but how does it work? Does it drive remotely like a normal fuel combustion vehicle. That is freaking awesome by the way, nice job. I often day-dream of ways to strore natural energy say solar, something better than batteries like lifting a very heavy weight high in the air via gearing but that of course wouldn't work for a moving vehicle, lol. I just had to ask about the truck.
U$$a Please Fold...
Fuck Billionaire Bankers, Wall Streeters And Bring Back The MIDDLE CLASS...
Time AGAIN For The GOLD STANDARD (Physical).
Spending every fiat dollar, for a subprime CDS
If you fear the nail gun and you don't know what to do
Why don't you go where the ruble sits,
Puttin' on the ritz.
Narcissist are always self destructive. Since he is leader of the western world that means............ He will not, can not admit failure of any kind, he will only shift blame to others.
Why would he admit he lost anything to anyone? He's just being flexible. Pay attention. Same team.
Obama has been put there by the elites to destroy America. Americans are sheep and support their destruction with TV viewership and Hollywood viewership. The morons are too stupid to pull the plug.
.
You are spot on today.
he's on his period
On a long enough timeline the survival rate....
is that what you're trying to say?
Yes. The need for energy will continue to increase. The need for dollars in foreign lands will continue to diminish. Ultimately the trade is done via several vehicles based on the value of the currency at the time of the transaction. Dollars, rubles, yuan, yen - doesn't really matter. QE has dimished our dollar's worth. That's not lost on the other countries of the world. Trade continues - it's for sale to the highest bidder. Dollar is getting anemic due to the Fed. But life will go on - even with $8/gal gas. It will hurt many, but this is why the Fed should never have existed in the first place.
I am not so sure that banksters aren't behind this. It is only a matter of time before the US "Dollar" is destoryed just by mere mathmatics of how the system works. To slide into another system to begin again they need this to happen.
They are working under the assumption that they can control the outcome because their computer models say so. Too bad that pesky reality thing is likely to show up unannounced.
Maybe we're talking about three distinct sets of bankers here. There are the bankers that we use. There are the bankers that the bankers use (CBs), and then there is the Iron Bank.
Putin has a couple of things going for him:
1. Tons of Oil
2. Tons of Gas
3. NO debt in his economy.
4. Tons of Nukes
5. Tons of S-400 which make US airforce irrelevant, or at best good fireworks at night.
6. Russia does not have the capability to attack the US, but the US attack capability is muted by his arsenal.
7. Some balls unlike most of the spinless Western politicians.
#6 really? subs with nukes?
#6 really? subs with nukes?
Shhhhhhh...Be vewy, vewy qwiet....I'm hunting waskely wabbits.
Back in 2010. Bullish.
Didn't you get the memo? that was a contrail from a jet. This guy said so and he's an asian scientist.
https://www.youtube.com/watch?v=cWjFrOVuLmU
/sarc
http://www.nationaldebtclocks.org/debtclock/russia
10%
no debt is 0%
If anything happens to Putin... I would imagine that things would get really bad really fast.
Oh.......Oh yes......that would be a certainty!
http://en.wikipedia.org/wiki/Dead_Hand_(nuclear_war)
at LatinaLover: funny. But seriously, the passports could just fall out of the plane prior to nuc detonation. A buncha dumbasses will buy that shit
Was $2 Bud night at the Mexican place too. Not a pretty sight.
No wonder Germany wants its gold back from us!
They need it to pay their gas bill this winter!
As of this posting....they still don't have either one nailed down.
Critical Russian Initiative: Dollar Reserve Currency Status In Great Jeopardy
The lynch pin for the PetroDollar is Saudi Arabia... If they fold, the US is done...
Wonder if Putin has any plans there - now THAT would bring things to an entirely new level.
The family removed Bandar to appease Putin. The Russians will remove the House of Saud anytime they want, after Bandar I doubt they care much.
And that is the next stop on the ISIS train.
Could it be that ISIS serves multiple master? The military leader of ISIS is from Chechnya after all... Things that make you go hmm....
This is only the march toward war. Lunatic Barack will be the one to launch the icbms
I don't believe the Joint Chiefs will follow his orders unless the other side has launched first. If anyone launches, it will be hell on earth for sure. I'd rather die in the first salvo than in the weeks after.
Hardly, the US strategy on nukes went from a defensive posture only to be used if attacked first, to today where nukes are considered an offensive weapon which can be used for first strikes...
Could be, but they won't. Unless there were no other choice. MAD policy worked throughout the cold war and is still intact today. Difference is there are at least 16 nuclear capable nations now.
Your faith in the Joint Chiefs is misplaced. They haven't lifted a finger to defend our borders. Not even a resignation in protest at the complete abandonment of the rule of law by the Commander in Chief. What makes you think they will refuse an order when they'll simly be replaced with someone who will?
The military is as failed an institution as Congress and the courts.
They want to live just as much as we do.
There is already skuttlebut on the net about how the pentagon wants to lure Russia into a shooting / tactical nuke war in Ukraine... The plan is for the US to pose a false-flag battlefield nuke threat in eastern Ukraine and blame it on Putin... The US then strikes to ports in Crimea, effectively shutting down Naval activity in the Black Sea and pinning Russia's southern fleet... If you think this is BS, it may be, but from the current rhetoric out of the psychopaths in DC, I would not be surprised... After all, they overthrew the gov of Ukraine and shot down MH17...
Tungsten Salted?
We will have to wait much longer for my name to happen.
The longer we wait, the more devastating it will be.
The gloves just came off. FUCKIN GO TIME!!!!
https://www.youtube.com/watch?v=E8_GVfPuw4M
Bugs spells it out.
Remember, this is what Gaddafi was suggesting in the year before he was taken out.
Gaddafi did not have nookular weapons to back his words up with
wise add.
curious to see end of the movie.
------> good end, blue pill
------> bad end, red pill
Gadaffi also didn't have the one thing Russia has which the States can do absolutely fuck all about for all their efforts at global control...
Land border access to the two most populous nations on earth - China and India (through China), neither of whom are of a friendly disposition towards the US. Looking on 20 years, I know who I woud want to be trading with in a choice between 2.5 billion consumers and a bankrupt US with a pop around 300 million and declining middle income wealth...
Now if only the EU would tell the US to go fuck itself sideways and we'll all be happy (other than the neocons).
The NSA have too much on the EU 'leadership' - they won't be wandering off the reservation any time soon.
Here it is:
http://www.thewarningsecondcoming.com/i-will-come-in-the-clouds-surround...
The author of that site is a false prophet and a liar.
"To the law and to the testimony: if they speak not according to this word, it is because there is no light in them." (Isaiah 8:20)
.
libya <>RU
should be obvious
no?
Russia, but the precident has been set. Anyone who threatens to abandon the petrodollar will be "dealt with".
Who said it, currency wars lead to hot (military) wars. This time around it appears the jig may be up uncovering those stealing the wealth using currencies and military in order to gain control. The question is what side is Putin on. Russia and China are not bastions of liberty.
"Russia and China are not bastions of liberty" - Not sure I would completely agree with that statement. I am in Russia for several weeks each year, China as well. What I can say, is you know exactly what to expect. You really think there's a difference between a bribe and an unfair tax?
Good luck with that logic.
and your next business trip is to Ferguson
Please, go fuck yourself, or tell me what goods or services of real value ferguson has to offer.
What's going on there is a horrible injustice and a conveinent fucking distraction that allows the real criminals to continue doing what they do.
you missed the sarcasm
I was agreeing with you
you do know what I do for a living?
Good point. I can't argue with your logic. It is definitely better to be forwarned and aware you are being enslaved and ripped off rather than being deceived into thinking you're not being enslaved and ripped off by living in an illusion of liberty. "None are more enslaved than those who think they are free". How's that for some logic.
Exactly. Just sad when black markets become a more effective mechanism for true price discovery. Even sadder when it becomes "easier" to do business in such an environment.
how about Putin being on the side of RU? ever occur to you?
Trade is the only thing that matters, period. What is this "side" shit?
I guess I should have been more specific. Apparently my message is taken with multiple meanings. It's not a matter of what political side one exists.
Is Putin on the side of righteousness or unrighteousness. In that both Russia and Chinese governments are a basis for central planning which runs counter to free markets there is a question where these governments and their agents sit when it comes to true liberty. I categorize liberty and free markets, on the scale of righteous vs. unrighteous governments, on the righteouness side. The reverse goes for markets that are manipulated and planned. Are you trying to say that Putin is on the side of liberty and free markets.
Well, Putin is correct, the question is does he want to promote the use of PMs?
Do tell Mr. Putin, do tell.
LawsofPhysics Well, Putin is correct, the question is does he want to promote the use of PMs?
Do tell Mr. Putin, do tell.
----
I highly doubt it. The Ruble is just another fiat currency that government wants because they can manipulate it and control people.
I have been right so far about PMs.
I am probably right about bitcons
I was right about this being a currency war
Nothing new here. History repeating itself.
congrats on being so right so often :)
NO shit sherlock, that was my point, all this talk about the "evil dollar" all the while promoting their own fiat. The take message is that fiat isn't evil, it's that all governments who use it are.
It is ideal to use PM for international trade and use fiat for domestic trade in my opinion. This is what was going on in US from 1933-1971. We may have to return to that since US has abused its newly acquired "freedom".
Actually, I see it as a declaration of peace. The rest of the world will finally break free of 40 years of U.S. abuse and hegemony. We hold the world record for the killing of innocent civilians. The future has turned to the east. Neither China or Russia want war. We always want war, we've been pushing it in the world's face for years. Our goal has been to disrupt and take over every world situation we can, in every country that offers some valuable resource or key to a strategic position, so we can go in and loot. This is coming to an end, finally.
Looks like Carl Rove and Dick Cheney down voted you...
I was raised to believe America was great, now after 30 years of un-brainwashing...learned that I was raised in the land of the devil...eyes wide open.
The third world is the problem. Most of those countries don't like each other and exist under strongman autocracy. Russia and China while strong countries within their borders and strategic area's surrounding them are limited at projected power. china especially is relying heavily on deals they are making with countries they lack the ability to project power over. That has been America's great advantage, the ability to project military force around the world but that is going away quickly. Russia has experience extending power by proxy and can likely go the colonialist route. China has always been an inward facing country and lack the experience and skill set to project power at a distance. Should be interesting times...
Sure people saw this train coming, but Kirk was the first to say:
> Petrodollar is trying to become ENERGY-DOLLAR, to maintain its fiat growth model and to have it rule the world.
> Rather than turn off the gas to the EU, it must and will sell it for Rubles and gold. This mortally hurts the Dollar and maintains Europe's pivot to Asia.
> The way to bring the Fed and its MIC to its imperialist knees, is to demote the USD from GRC status to RRC status.
Herr Rothchild just spit up his baby heart porridge.
eexcellente
Herr Rothchild owns a lot of Gold
This is the headline I was looking for to justify dropping a grand on toilet paper this weekend.
Hey all you BRICS or others who might want to play...
Unless you have nukes, don't be surprised if all your planes crash or just disappear into thin air.
Isn't that the truth?!
Yes nukes will be the protector for the new asian monetary system, keeping certain western nations from using their conventional military to bully smaller nations into staying with USD.
Of course we'll never hear about it. We'll just see evidence of it. Certain western nations suddenly decide to withdraw their forces for "humanitarian" reasons.
Saddam didn't have nukes. Ghadaffi didn't have nukes.
Iran doesn't need nukes. Russia and China will gladly lob a few whereever Iran wants.
The TV people will tell us they are "rogues" and terr'ists 24/7/365.
Swift transactions will mistakenly disappear for those "troublesome" members of the world community.
The beginning of the end was in 1913 with the creation of the fed.
The beginning of the end came earlier on Aug.29, 1897 in Basel with the first Zionist Congress under Theodor Herzl, sponsored by the Rothschilds.
I was wondering why Bank of International Settlements is located in Basel... now I know, thanks.
https://en.wikipedia.org/wiki/First_Zionist_Congress
Yes, we all know that the zionist congress some 117 years ago is what is holding you back.
You coulda really been some kinda player if it wasnt for those damned Yids.
Maybe reparations?
Good idea! The 'reparations' shtick has certainly worked well for Israel.... and everyone else involved in the Holocaust Industry.
"You Don't Have To Be Jewish To Be A Zionist" Joe Biden
www.youtube.com/watch?v=1vDx-5b7T8M
There is a difference between Judea religion and the Zionist movement, capiche!
carn Putin - pull the trigger - demand phyz gold/silver for oil/gas YEA LETS GEDDIT ON!!
You know. Money can be invented by the FED in any currency. It's all fake, so Yellen will start "printing" rubles, yuan or even dong if need be. Trying to understand this period in history with logic is just insane. These are just symbols in a computer after all. Not backed by anything.
Er, no. Rubles are'printed' by banks within the Ruble currency area, ie, those that are part of the Russian Central Bank system. Yellen can no more 'print' electronic rubles than Russia can 'print' electronic USD.
Actual cash rubles, yes, they could counterfeit it. But that's a different story.
Just got my mind blown.
They can, old fashioned, "print" anything. The money will move a whole lot slower, but they can do it...
Fuck all...
Always happy to blow anything you'd like, Ms C ;-)
My understanding is the Norks have been counterfeiting USD for years. I'd be surprised if Russia and Iran weren't, as well. I imagine with the resources of a nation state they'd make pretty convincing copies.
But the amounts they can feasibly create (and inject into the economy) doing it this way are as chump change compared to the Fed and the Fed-licensed banks in the USD currency system... so attempting to destabilise the USD this way isn't practical. Can buy some toys and influence, though.
Yeah, my head went in the opposite direction. We surely can "print" any currency we wish, Rubble, Yuan, etc. Way too slow, but we can do it.
Let's see; if the dollar dies then we will necessarily return to a meritocracy. Hmmm... Kiss the service industry goodbye. And that especially includes the FIRE 'industry'. I realize not everyone can be an Engineer, but you had better damn well have a skill that will be in demand and actually produces something useful.
The FIRE industries serve necessary market demand... just not in the present size.
I agree though, 90% of those jobs would vanish if we had a sound currency.
Depends on the service. I trained as an electrical enginneer/computer science but I get the feeling that the skills I learned growing up on a farm are getting ready to be much more useful.
If he is quoted properly.....'petrodollar must die' will be deemed an act of War.
Get ready people. this isnt going to end well.
One mans ending is another mans beginning.
PUTIN= Honey badger....
and honey badger don't care...
I certainly don't have the chops of, say, Paul Krugman but does the world really need a reserve currency? Can't it get by with bilateral trade agreements...or trilateral or whatever? Why does there have to be a reserve currency when all that has proven to do is bolster empires and foment discord?
"Why does there have to be a reserve currency when all that has proven to do is bolster empires and foment discord?"
You ask and you answer,multitasker.
"Inconceivable!"
Rothschilds aren't going to like them apples.
An American, not US subject.
neva udder estimate der strate tegees of der rabbi.
der torah torah tora bora and der babal lonesome talmud have a force even stronger dan george lucas and stefan spielberger gripping der own moth eatin kosher wallets.
der rabbi and der cockroach can survives a nucllear wars dat is a rupert murdoch fox bbc fact.
Disagree...the "beginning of the end" was when the Fed was chartered in 1913....damn that Woodrow Wilson!