Posts Tagged ‘petrodollar’

About Time: Europe to ditch petrodollar for Iran deals

Europe to ditch petrodollar for Iran deals The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source claimed. Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of […]

China Is Days Away From Killing the Petrodollar

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Iran bans use of US dollar in trade as petrodollar becomes increasingly irrelevant

Iran moved a step closer to a plan to ditch the dollar in its trade activities by announcing that purchase orders by merchants that are based on the greenback would no longer be allowed to go through import proceedings. Iran’s domestic media reported that the policy was in line with an official request by the […]

China Plans to Break Petrodollar Stranglehold

By Pepe Escobar Beijing to set up oil-futures trading in the yuan which will be fully convertible into gold on the Shanghai and Hong Kong exchanges By Pepe Escobar December 26, 2017 “Information Clearing House” –  Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that […]

Geopolitical Tsunami: Pax Americana, Petrodollar, & The Coming Crisis In The Gulf

It’s easy to get lost in all things Middle East, especially concerning the chaotic events that unfolded over the weekend in Lebanon and Saudi Arabia. Three days after the most stunning purge in recent Saudi history – which was really a countercoup, that led to the arrest of dozen of Saudi Arabian […]

MONEY: Putin’s Revenge May See Petro-Yuan Replace Petrodollar

News that China plans to launch a yuan-denominated oil futures contract by the end of this year has come as a surprise to many analysts. However, Russia experts aren’t startled in the slightest because this move has been coming since Moscow abandoned its quarter-century attempt to integrate with the West, following the 2014 Ukraine crisis. A […]

End of the Petrodollar: China to Compel Saudi Arabia to Trade Oil in Yuan

In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world’s largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,” Weinberg told the media. “I believe that […]

With US Petrodollar Hostage, Saudis Embark On New Courtship Of Russia

After Israel, Saudi Arabia has long been considered to be the United States’ greatest ally in the Middle East, a fact evidenced by long-standing Saudi-U.S. joint policies such as the petrodollar system, weapons deals, and Saudi support for broader U.S. geopolitical goals in the region. However, this foundational relationship of U.S. foreign policy in the […]

The end of the petrodollar? China and Russia’s plan from petroyuan to gold

     As seen in my previous article, US military power is on the decline, and the effects are palpable. In a world full of conflicts brought on by Washington, the economic and financial shifts that are occurring are for many countries a long-awaited and welcome development. If we were to identify what uniquely fuels American […]

The Petrodollar and how it controls us all

The Petrodollar and how it controls us all Redacted Tonight Jimmy Dore On The Corporate State And The Power Of The Petrodollar Lee Camp sits down with Jimmy Dore, political comedian and host of the “Jimmy Dore Show,” to talk the viability of the of the Draft Bernie movement and the fraudulent Democrats. As the […]

As Putin Takes Aim At Petrodollar, Hollywood Takes Aim At Putin

On Tuesday, Russian President Vladimir Putin dealt another blow to the flagging petrodollar system – a crucial component of U.S. economic “superiority” that creates artificial demand for the U.S. dollar by pricing oil and other goods on the international market in that currency. Putin instructed the Russian government to approve legislation that would make the […]

Venezuela Accused Of Drug Peddling After Dropping U.S.’ Petrodollar Trade Scheme

In what is set to be a major blow to the U.S.’ increasingly fragile “petrodollar” system, Venezuela announced on Wednesday that it would no longer accept U.S. dollars as payment for its crude oil exports. According to the Wall Street Journal, Venezuela has begun using euros in lieu of the dollar and will convert existing […]

Venezuela Just Stopped Accepting US Dollars for Oil As Countries Join Forces to Kill US Petrodollar

By Jay Syrmopoulos In what is the latest move to undermine the imperial world order maintained by the United States, which is underpinned through use of the petrodollar as the world reserve currency, the Wall Street Journal reports that Venezuelan President Maduro has officially followed through on his threat to stop accepting US […]

Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely?

Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar.  Most Americans don’t even know what the petrodollar is, but for those of you that do understand what I am talking about, this should send a chill […]

Russia and China Declare All Out War on US Petrodollar — Prepare for Exclusive Trade in Gold

July 16, 2017 By Jay Syrmopoulos The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss subsidiary had begun trading in gold on the Shanghai Gold Exchange. Russian officials have […]

Russia & China Declare All Out War on US Petrodollar — Prepare for Ex

The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss subsidiary had begun trading in gold on the Shanghai Gold Exchange. Russian officials have repeatedly signaled that they plan to […]

King Tutankhamun’s Dagger Came From Outer Space

The iron blade placed in his sarcophagus next to the right thigh of his mummified body was manufactured from a meteorite, according to researchers from Milan Polytechnic, Pisa University and the Egyptian Museum in Cairo. The team carried out an analysis using non-invasive, portable X-ray fluorescence spectrometry and published their results in the journal Meteoritics and […]

‘Everybody Sucks 2016’: Joke campaign sign garners national attention

     A Kansas City, Missouri couple may have tapped into America’s latent resentment regarding this election season, receiving national attention for a joke campaign sign which they put in their front yard reading: “Everybody Sucks 2016. The US is doomed.” Debbie Butler told KSHB-TV last week that she and her husband, an Army veteran who […]

Ornamental plant exports to Russia

Iran is ready to export ornamental plants from the city of Mahallat located in Markazi Province to Russia after an Iranian business delegation visited Moscow last week to hold negotiations with the Russian side, says the deputy head of National Institute of Ornamental Plants. Mohammad Reza Shafiei, who was heading the Iranian delegation, added that […]

Sott Exclusive: Strange sounds are back: ‘Sky trumpets’ heard in the Netherlands, the UK and Morocco

     In the last couple of weeks, Dutch citizens have reported hearing strange sounds in the sky. Martijn Mastenbroek from Pijnacker, a town in the Dutch province of South Holland, was at home on the evening of January 10th when he suddenly heard a peculiar sound. “It sounded like trumpets,” he recalls. “It lasted about […]

Amoral tricksters that enhance world mythology

     Mythologies around the world speak of beings which cannot be defined as good or evil. German folklore mentions a household elemental named kobold. Even though he can be helpful, as a trickster, he can make mischief and play pranks on the members of his household. He can hide tools and other objects and he […]

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