It is very curious timing in this article from Newsweek, containing massive geopolitical implications, using identified Saudi Arabia sources, would come in advance of Joe Biden’s visit to the Kingdom of Saudi Arabia.
Is this strategic geopolitical pressure from Saudi leader Mohamed Bin Salman (MbS) ahead of the meeting with Biden; or is this a genuine possibility that looms as likely? If the former, then Joe Biden is being geopolitically slow roasted by Saudi Arabia for his previous disparagements and ideological hypocrisy in his visit. If it is the latter, well, then the tectonic plates of international trade, banking and economics are about to shift directly under our American feet.
We have been closely monitoring the signs of a global cleaving around the energy sector taking place. Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies.
This article from Newsweek is exactly about this dynamic with Saudi Arabia now potentially joining the BRICS team.
NEWSWEEK – Finland and Sweden’s green light to join NATO is set to bring about the U.S.-led Western military alliance’s largest expansion in decades. Meanwhile, the G7, consisting of NATO states and fellow U.S. ally Japan, has adopted a tougher line against Russia and China.
In the East, however, security and economy-focused blocs led by Beijing and Moscow are looking to take on new members of their own, including Iran and Saudi Arabia, two influential Middle Eastern rivals whose interest in shoring up cooperation on this new front could have a significant impact on global geopolitical balance.
The two bodies in question are the Shanghai Cooperation Organization (SCO) and BRICS. The former was established in 2001 as a six-member political, economic and military coalition including China, Russia and the Central Asian states of Kazakhstan, Kyrgyzstan and Tajikistan before recruiting South Asian nemeses India and Pakistan in 2017, while the latter is a grouping of emerging economic powers originally consisting of Brazil, Russia, India and China (BRIC) upon its inception 2006, and including South Africa in 2010.
Here is the money quote:
[…] “China’s invitation to the Kingdom of Saudi Arabia to join the ‘BRICS’ confirms that the Kingdom has a major role in building the new world and became an important and essential player in global trade and economics,” Mohammed al-Hamed, president of the Saudi Elite group in Riyadh, told Newsweek. “Saudi Arabia’s Vision 2030 is moving forward at a confident and global pace in all fields and sectors.”
[…] “This accession, if Saudi joins it, will balance the world economic system, especially since the Kingdom of Saudi Arabia is the largest exporter of oil in the world, and it’s in the G20,” Hamed said. “If it happens, this will support any economic movement and development in the world trade and economy, and record remarkable progress in social and economic aspects as Saudi Arabia should have partnerships with every country in the world.” (read more)
That would essentially be the end of the petrodollar, and -in even more consequential terms- the end of the United States ability to use the weight of the international trade currency to manipulate foreign government. The global economic system would have an alternative. The fracturing of the world, created as an outcome of energy development, would be guaranteed.
Keep in mind, in early June Federal reserve Chairman Jerome Powell stated, “rapid changes are taking place in the global monetary system that may affect the international role of the dollar.” {LINK}
The western alliance (yellow) would be chasing climate change energy policy to power their economies. The rest of the world (grey) would be using traditional and more efficient energy development. The global cleaving around energy use would be complete.
This is not some grand conspiracy, ‘out there‘ deep geopolitical possibility, or foreboding likelihood as an outcome of short-sighted western emotion. No, this is just a predictable outcome from western created events that pushed specific countries to a natural conclusion based on their best interests.
You can debate the motives of the western leaders who structured the sanctions against Russia, and whether they knew the outcome would happen as a consequence of their effort, but the outcome was never really in doubt. Personally, I believe this outcome is what the west intended. The people inside the World Economic Forum are not stupid – ideological, yes, but not stupid. They knew this global cleaving would happen.
For a deep dive on BRICS, as predicted by CTH, {SEE HERE}. The bottom line is – the 2022 punitive economic and financial sanctions by the western nations’ alliance against Russia was exactly the reason why BRICS assembled in the first place.
Multinational corporations in control of government are what the BRICS assembly foresaw when they first assembled during the Obama administration. When multinational corporations run the policy of western government, there is going to be a problem.
In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.
BRICS leaders are aligned as anti-corporatist. That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want corporations to become more powerful than they are. As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.
The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency. Perhaps many nations will use both financial mechanisms depending on their need.
The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’
The BRICS team, especially if Saudi Arabia, Iran and Argentina are added creating BRICS+, would indeed be a counterbalance to the control of western trade and finance. This global cleaving is moving from a possibility to a likelihood. If Saudi Arabia joins BRICS the fracture becomes almost certain.
I live in Iowa and see hundreds of oil train cars heading east routinely. Well an acquaintance told me there not oil cars, but rather ethanol cars. Does anyone have insight on this? Please share.
Each tank car has place brackets mounted on both ends and on each side. If the car is hauling a regulated product ( oil, gasoline, propane, ehanol etc.) there will be numbered placards mounted on or inserted into the bracketed holders. Make note of the number on the placard and simply do an internet search of the number to determine what is in the car.
Those placards are diamond shaped and they contain a number identifying the substance, i. e., 1203 is gasoline, and symbols indicating the hazards, i.e., flammable, explosive, radioactive, poison, etc. The American Chemical Society publishes a guidebook that can be viewed on line and any fire department would have a copy.
Since Iowa leads the country in ethanol production and has zero oil production, I think the answer to your question is obvious without investigating railroad car safety placards.
Source: https://www.eia.gov/state/analysis.php
Turning corn into ethanol is the worst use of good cropland imaginable.
Fully agree! But I was simply answering the O.P.’s question.
Me too. Just giving some friendly information regarding tank car info. placarding.
Finding any common ground and cooperation between Iran and Saudi Arabia would neuter the U.S. in the Middle East. Gone would be the divide-and-conquer strategy that allowed the U.S. to control the fighting tribes.
Installing pResident Biden with Obama’s controllers is a mighty, irreversible step in the fall of the mighty U.S. Empire. It makes you wonder if the strategists can see past their noses.
In end the Roman Empire was divided into the Eastern Empire (Constantinople) and the Western Empire (Rome). Soon the Eastern American Empire (Europe) will be divided away from the sleazy city on the Potomac.
not particularly bullish for israel either.
maybe better try that one state solution while there is still rough parity between arabs and jews.
if you were paying attention there’s actually a peace treaty in place, the Abraham accord. another win for Trump
What do you mean by “fighting tribes”? The Iranis are not Arabs. Anthropologically speaking, they are part of the Caucasian / white race.
The BRICS people all wear suits and ties, as did all at the St Petersburg Summit. The Madrid people did not.
The BRICS people are serious. The Madrid people are bafoons.
You mispelled buffoon, but maybe thats all for the best. Perhaps “bafoonery” can be considered one quantum leap up the contemptible scale from buffoon. In point of fact, of human language is failing us at this point
And you’re right. The difference between the likes of Lavrov and Putin and our side is ______. Again, words are failing me
Yes, misspelling was intentional. A missing F, such as a F—, like a missing tie and unbuttoned dress shirt. The men should also fire the tailors. Johnson looked as if he had glued lapels.
It’s interesting that you should say that “…human language is failing us at this point…”. Years ago I read Steven Hawking’s book A Brief History of Time. I had already been through calculus, differential equations and linear algebra and this book, intended to provide laymen’s explanations for the most fundamental concepts in physics, was still a difficult if not impossible read. A short time later I came across a reviewers evaluation of the book. He said something I never forgot. He said that after reading the book he came to the conclusion that spoken language was no longer adequate to explain the most fundamental ideas of time, cosmology and quantum physics. That was perhaps 30 years ago. He was absolutely right.
Who wants to enter into agreements with a country, or alliance, that never lives up to its promises?
Sundance, if this cleaving is intentional wouldn’t Dr. Evil and his minions be losing control over a huge swath of the world and massive profit/control of the world? How does Dr. Evil and company benefit from losing power and turning their sphere into an impoverished dump and no more massive funny money printing? Sure, they will control/destroy western civilization if that is their goal but how do they benefit? What do they get out of it? Is all this damage worth just to get their jollies tormenting people treating them like injected muzzled livestock? None of this makes sense if Dr. Evil wants to control and torture all the people of the world.
that’s why i don’t think it is intentional. i think they absolutely thought the sanctions would destroy russia and between that and the shiny nato weapons and nato trained ukrainian military the russians would be bogged down and damaged enough for putin to be overthrown.
too soon old. too late wise.
we are governed by fools and charlatans.
Agreed Jeff, The West instigating hostilities had 3 big objectives Limit Fuel availability, limit fertilizers, and topple Russia. The first two are succeeding. The consequences are yet unknown. I believe these were put in place to slide the world into the great reset. Globohomo wanted to prove he could multitask by taking Russia out at the same time. This failed and the fallout will be devastating to their long term plans. Their nemesis Putin was supposed to be in his death throes by now and provide the scapegoat for the incoming shortfalls. This puts them all in a very precarious state.
Who started brics? Goldman Sachs
The installation of the buffoon Biden was the opportunity of a lifetime for the future of Asian, Middle Eastern hegemony. The ideologues and just plain corrupt managers of the Western alliances don’t have a clue.
When that corrupt, compromised senile idiot Biden was installed in the oval office it was the dream of a lifetime for the global bankers and intelligence agencies who run our government. Does anyone really believe that they thought they could end fossil fuels without destroying the petrodollar? Don’t let that ever present, mouth agape, deer in the headlights look on our fake presidents face fool you. His handlers know what they want and couldn’t care less about the American people. In fact they hold the American people in utter contempt.
the seizing of russia’s dollar and euro assets was the move that ended the petrodollar. without that it would still be viable. but now, who wants to use it or the euro as an international currency reserve? the only possiblilities without a counterparty are gold and silver.
happened on biden’s watch. they will never live it down.
The world is being fractured because of money, debt, and greed.
Same as it ever was….
The more immediate consequence of the end of the petro-dollar is that the US loses it’s magic shield against inflation. We won’t be able to just print dollars ad infinitum with impunity. With other countries not forced to buy oil in dollars, they will no longer be forced to maintain a reserve OF dollars. Which means that global demand for dollars goes down. That demand was the only thing propping up the value of the dollar in light of how the FED is flooding the world with dollars. The world wasn’t happy with this situation, but they could tolerate it – until we used the petro-dollar as a club to abuse and manipulate them to the point that they became desperate to get out from under our red/white/blue thumb. Ultimately, we are responsible for the demise of the petro-dollar because we just couldn’t resist weaponizing it. So as The Donald would say, this is huuuuuge.
(And, as a gratuitous jab, I have to ask: is there ANYTHING that Brandon can’t screw up? )
A breath of fresh air from a very smart, working scientist friend of mine:
“First, the USA was NEVER the primary market for Gulf oil. Most of our imports have been from Western Hemisphere countries, particularly Canada and Mexico, then Venezuela. Europe has been the primary market for Gulf oil all along.
Second, thanks to W and Trump, the USA has been reducing its imports to the point of becoming a major exporter under Trump.
Third, the dollar as the standard unit for oil dates, as this abstract points out, since the mid-1970s; that is, the Yom Kippur War and the first embargo. That pre-dates the euro as a tool of exchange, that pre-dates OPEC, and American companies were doing all the exploration and drilling at that time. Aramco (Arab (Saudi)-American Oil Company) was the by-product of that arrangement.
Iran can sell all its oil to China, but the Arab states will remain with the West. They like our planes, our champagnes, our blondes. And stable currencies such as the dollar and euro.”
Feel better now? (I did.)