Another Oil Exporting State Surrenders: Last Nail In Petrodollar's Coffin
While record mainland deficits covered by the petroleum sector is nothing new in Norwegian budget history, the 2016 budget did raise some eyebrows. The net inflow to the Norwegian Treasury from North Sea oil will be lower than the required amount to cover the deficit. This has never happened before and is testimony of the sea change occurring in the world of petrodollar recycling.
Playing Poker With Obama: Putin’s Calculated Risk In Syria
I've said before that the reason Vladimir Putin outmanoeuvres the US State Department in every diplomatic skirmish is that while American's play poker, which is all about bluff, Putin plays chess which is all about strategy. Russian President Vladimir Putin had decided to risk the possibility of military clashes with the United States and its European Allies, Saudi Arabia, other major Muslim nations and Israel by intervening in Syria ...
Why It Really All Comes Down To The Death Of The Petrodollar
Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for local currency the Tenge. The currency immediately plunged by some 25%. The thinking behind the move was straighhtforward enough. Collapsing crude oil prices along with the relative weakness of the Russian rouble ...
Playing Poker With Obama: Putin’s Calculated Risk In Syria
I've said before that the reason Vladimir Putin outmanoeuvres the US State Department in every diplomatic skirmish is that while American's play poker, which is all about bluff, Putin plays chess which is all about strategy. Russian President Vladimir Putin had decided to risk the possibility of military clashes with the United States and its European Allies, Saudi Arabia, other major Muslim nations and Israel by intervening in Syria ...
Refugee Crisis Or Existential Battle With USA for Europe
It has been clear for some years now that the USA, backed by its main NATO and EU military allies the UK and France (the FUKUS axis has been trying to provoke Russian into firing the shot that will be heard around the world and recognised as the startiung signal for World War Three.
Nothing is ever as it seems to be however, and views from middle east and far eastern journals suggest the USA is also working at destabilizing EU nations in order to force their support in its wars.
World War Three? Kiev Reinvades Donbass, Deliberate Provocation Trashed Minsk Agreement
When America wants to provoke Russia it uses proxies, a rabble in Libya, Islamic fundamentalists in Syria and Iraq and neo - Nazi thugs in Ukraine. So far Russia has resisted the urge to kick Obama in the balls, but sooner or later the Russia - China - Iran alliance will respond.
US Becoming Isolated As Key Ally Japan Considers Joining China-Led Investment Bank
Japan's foreign minister signaled cautious approval of the institution that the United States has warned against. The opposition to the AIIB began crumbling after Britain said earlier this month that it would join the institution, saying it was in its national interest. France, Germany and Italy swiftly followed suit.
De-Dollarization Du Jour: Russia's Largest Bank Issues Yuan-Denominated Guarantees
Leading the charge to multipolarity and de-dollarization are Russia, resugent despite economic sanctions and the rising superpower in waiting, China. The downgrading of the dollar is clearly demonstrated in the launch of the BRICS bank and the establishment of the AIIB.
Germany Alarmed by Aggressive NATO Stance On Ukraine
As the US pro war rhetoric pumps up the tensions between Russia, its allies and the west in Ukrain we revisit once more the truth about which world power has been relentlessly pushing for war since 2009. It isn't Russia or China, though they are not likely to back down.
Among the information revealed in The Great Leaks of 2013 were the documents that exposed the extent to which NSA and GCHQ had been secretly 'monitoring' the SWIFT payments system and recording details of cash flowing between nations and organisations. It appears the revelation was the last straws for Russia, China, and other sovereign nations ...
Kiev Breaches Minsk Agreement Within Hours
We all knew the ceasefire agreed by Angela Merkel, Francoise Hollande, Vladimir Putin and Ukrainian Nazi leader Poroschenko would not hold. The people whose country stands to gain most from war, that is of course Barack Obama and John Kerry, President and secretary of State of the USA, the country that wants and needs perpetual war, were trying derail the fragile deal while the four leaders were still negotiating.
India's Ruling BJP Party Crushed In Regional Poll
India gets it own UKIP and they are already winning elections as The Common Man party shocks the establishment by tapping into the anger about institutuionalised corruption in the world's biggest democracy
Another Conspiracy Theory Becomes Fact: Oil Collapse Is All About Obama's Proxy War With Russia.
While we are distracted with sex scandals at home and terrorists rampaging through the middle east and Africa, the US / EU / NATO confrontation with Russia / China / Iran is geting into a very dangerous state. While the Chinese led move to dump the US dollar as global reserve currency is causing economic chaos, the USA attempts to provoke armed conflict with Russia are getting more reckless and desperate.
Russia throws down the gauntlet: energy supply to Europe cut off; petrodollar abandoned as currency war escalates
There are some big moves taking place on the global stage that you need to know about, as this could all lead to World War III. Yesterday Russia cut off its natural gas supply to Europe, "plunging the continent into an energy crisis 'within hours' as a dispute with Ukraine escalated," the Daily Mail reported.
Russia along with three quarters of the world, is isolated
The latest EU sanctions announced today after last weeks NATO summit have left Russia increasingly isolated in the world according to mainstream media reports of the response from western governments.
Without American leadership, democracy is in peril? Not really.
Much of the corporate propaganda spouting mainstream media are forecasting a bad outcome from the current chaose in Ukraine, with ISIS aka ISIL aka Islamic State in Syria and Iraq and the imminent collapse of the petrodollar. The consensus is that the west is currently not winning because of the failure of American leadership. This is untrue, most of the problems exist because America is leading the world towards war.
G77 Nations vow to destroy petrodollar and America’s New World Order
By leading the G7, G8 and G20 economic groups for the past few decades the US government has managed to exploit its status as holder of the global reserve currency until it appeared on the brink og global economic hegemony. The Americans overplayed their hand however, became too blatant in their bullying of smaller nations and helping corporate interests override national laws. Now the world is closing ranks against the USA. Can't say we're sorry.
American Dollar Dumped
The status of the US dollar as global reserve currency has kept the Americasn economy afloat for several decades in spite of the US government's vast debt and profligate public spending. It has looked for some time as if rival powers led by the Chinese were getting ready to topple the dollar from supremacy.
Iran's Oil and the US Dollar
You can't reason with religious fanatics. When the USA (was it the Bush or the Clinton administration?) first imposed economic sanctions on Iran in the hope of turning a medievalist theocracy into a liberal democracy it was always going to backfire. As the US tightened sanctions under Obama, Iran has attacked the USA where it is most vulnerable, taking the initiative in moves to replace the US Dollar as the global reserve currency
Money From Rock Better Than Money From Air
Strange things are happening in the finance markets, very strange. As the FT and Dow Jones main indexes go up and down faster than a whores knickers, commodity prices are behaving weirdly too.
Petrodollar Alert: Putin Prepares To Announce 'Holy Grail' Gas Deal With China
If the West has been trying to force Russia and China to recreate a twenty first century version of the old communist bloc, the alliance of a natural resource superpower and the other a fixed capital, low labour cost high output economic powerhouse and to give these two every possible incentive to create a new global reserve currency
Suppression Of News Used To Influence Scottish Referendum Vote?
Now, in order to avoid being accused of trying to influence the outcome of the Scottish Referendum (because I don't believe in telling the scots how to run their affairs any more than I approve of telling Arabs, Afghans and Ukrainians how their countries should be run) I offer for your consideration this news leaved via Oil and Gas People.
Now They Know Where Ukraine Is, Americas Lose Interest
Over the past few weeks I have been puzzled to see, while looking at some of the nuttier American news blogs (not necessarily run by creationists or right wingers I must say) who were alarmed by reports that Russian troops were massing on American territory.
Obama Issues Threats As Russia Dumps The US Dollar
Did you see what happened to the $US yesterday? In markets that class movements of one tenth of a cent as dramatic, a two cents drop in the value of the US dollar against the pound and the Euro should make people sit up and take notice.
Putin Flushes The Dollar Down The Toilet - We Told You So
Not long ago members of our little team posting on Boggart Blog, Little Nicky Machiavelli and The Daily Stirrer warned you that the USA and EU had a lot more to lose than Russia if they got into an economic war with The Kremlin. One proud, patriotic and utterly stupid American loftily informed me that the America had nothing to fear because the world trades in US dollars. That used to be right, unfortunately it is no longer so because China and the rest of
Ukraine Economic War
As economic war between the EU / USA and Russia lookes more likely than a shooting war between east and west over Ukraine, we look at the reasons why it has come to this and the likely consequences for our readers.
Ukraine Regime Change
The FUKUS axis - well mainly the US, France and the UK are just sockpuppets as any fule kno - are at it again. With proof having emerged that the USA and the EU have had agnts formenting unrest in Ukraine, it should come as no surprise that the US intelligence in the shape of the CIA is also busy strirring up anti government protest in Venezuela.
Ukraine Revolt Was Sponsored by USA / EU
We told you so - and now a US politician who once ran for the democratic nomination in the Presidential election has confirmed it, the USA and Europe were behind the revolution in Ukraine exactly as they have been in Egypt, Libya, Syria, Yemen, not to mention the wars in Iraq and Afghanistan and as they were when The Balkans expoloded into war in the 1990s
Ukraine On The Brink
It looks like this might be the big one. With all America's plans to destabilise non supine nations in ruins as phase 2, the intstallation of a puppet government proved impossible, Obama who has already been bested by Putin several times cannot back down again. And this time the Russians have forced the crisis in their own backyard where the USA cannot possibly win. Interesting ....