Two major energy trade developments today highlight how the Western Alliance is quickly losing a grip on the world energy market, as an alliance between China, Russia, Iran and the Middle East Gulf Cooperation Council starts to take shape with actual trade exchanges that are not in dollars.
Last year, in response to big panda’s own interest and seeking to exploit two western alliance self-created weaknesses; (1) sanctions against Russia and (2) weakened investment in LNG production; China spearheaded the Shanghai Petroleum and Natural Gas Exchange.
The exchange was aimed at group purchasing services for liquefied natural gas (LNG) though the use of the yuan to replace the dollar. Essentially, team Gray operating without the global trading system of team Yellow (map). The Shanghai exchange allows purchases of LNG portions by small and medium-sized buyers in yuan.
Today, CHINESE national oil company CNOOC and France’s TotalEnergies have completed China’s first yuan-settled liquefied natural gas (LNG) trade through the Shanghai Petroleum and Natural Gas Exchange, the exchange said on Tuesday (Mar 28).
Approximately 65,000 tonnes of LNG imported from the UAE changed hands in the trade, it said in a statement. TotalEnergies confirmed to Reuters that the transaction involved LNG imported from the UAE but did not comment further. (read more)
This exchange between the UAE and France is taking place without dollars. If the process continues the dollar weakens. In the geopolitical world of currency valuations and trade, this might be considered the Archduke Ferdinand moment for the end of the petrodollar. The question will become, can they grow this process with OPEC+ support and begin eventually trading oil in yuan?
A second energy targeted development comes from a shipment of Russian diesel fuel into Mexico. The raw material was: (A) sold at an originating discount; and (B) presumably refined in Spain, making it exempt from the current energy embargo against Russia.
People need to stop thinking we will go on as before, and prepare themselves. If you have savings, buy gold/silver.
People actually voted for this, and its happening right now!
https://blogs.worldbank.org/allaboutfinance/expiring-money-part-i
Buy lots of lead as well.
Already have sufficient for my lifetime.
We have to be the new pioneers, and live outside the system.
I already feel like I’m living on a failing homestead.
I don’t need more than one can. I don’t intend to live long enough to need more than that.
Better to die on your feet than to live a lifetime on your knees . . .
Who said that ?
Che Guevera?
or make your own.
Nobody voted for this. First thing this administration did was cancel Keystone. That was the shot across the bow to energy investors saying any coin put into this industry will be lost.
Think about it. America goes from world’s highest producer in 2020 to importing oil from Venezuela while draining strategic reserves.
This administration is at war with its citizens.
I know the election was stolen, but there are many twits out there who voted for this. The needy, greedy, perverted, and sick little monsters voted for this, and when the time comes, people best be ready to use freedom seeds to end them!
There’s also a large segment that Rush called the “Low Information” group. That group has expanded to include the misinformation group. The situational awareness of those who get their news from CNN, MSNBC, etc. is truly appalling as to recognizing what is happening in the world.
how about the “don’t want to know anything about it group”?
I know a lot of people in that group. They are totally turned off by politics.
At least 30% of US, if not more.
They’re in the “Low Information”group, at the very bottom end (i.e., “no information”)
I have a very intelligent and well educated friend who depends only on MSM and is totally blind to what’s really happening. He is hopeless. If I send him an article/opinion, he rushes to left wing sources to check the reliabilty of the source and replies to me: ”This is an Alt-right source and I’m not reading the article/opinion.”
In reality, he’s probably not all that intelligent and obviously not well-educated. Getting a degree from Yale in liberal arts is not being well-educated. This of course raised the question – what does it mean to be well-educated?
Having an education, no matter how prestigious, doesn’t mean one’s educated.
I have a husband just like that 😒
Yikes!
I have a brother just like that. We can’t even talk about mundane things.
sounds like my brother! Sad to say.
He actually sounds frightened to me, of the truth. Have you told him he won’t be spared?
And they are so arrogant about it
I doubt it. The votes were fake numbers added by the deep state that controls the dominion machines.
looks like there were many sick OLD monsters voting for this according to James o’Keefe’s lastest video.
I believe we’re headed for a confrontation and revolution against our own government.
But who is going to pay for this war? If people don’t have LOTS of money, food, and ammo ALREADY stockpiled how in the hell can we survive long enough to win? I’d last about a week before my resources ran out. Massive unemployment and no paychecks for millions of patriots if it comes to this. People might be willing to actually fight to save America, but how will it be financed? DC will be the enemy. They won’t be cutting checks for our supplies. Thoughts?
The implosion of the Petro Dollar (world reserve)– is intentional (a controlled demolition).
The intent here is to “reset” the financial system and discharge the Federal Debt.
They will abandon the “Federal Reserve Note” and return to the “United States Dollar” — which will be backed by gold.
Central banks know this is coming, and have been hording gold for years.
This is why they don’t care about deficit spending anymore. They know the debt will never be repaid. It’s not unlike someone loading up their credit cards before declaring bankruptcy.
No. It will be CBDC not a physical currency or gold backed dollar. That’s the last thing they want.
And it will be programmable money. They can even program it so that your CBDCs only work within 5 miles of your home (geo-fencing)
Centeral banks must be wasting a lot of money on gold then.
Well, perhaps they intend to use the gold for their own purposes.
No backing, simply remove capital gains which is Constitutionally illegal.
The transaction and store of value functions of a monetary system can be separated.
Mike: Agree.
The full financial sanctions imposed on Russia were the first dominoes to fall.
We froze all of Russia’s USD bank reserves so Russia could no longer access them. We essentially confiscated their dollars and then stole them saying we would use them to rebuild Ukraine (except that was never in the cards, just an excuse).
Then we froze Russia from the Swift system, which is the international financial settlement system between international trading partners using the USD. Vísa and MC also withdrew from Russia. So Russia had to start trading in alternate currencies. Other countries saw what was happening realizing this could happen to them, too, if they do something to cross the US or EU. So they’re all divesting of their USD and trading in currencies of reliably friendly fellow countries using an alternate Swift monetary trading system that they just built from scratch.
What kept the USD the world’s reserve currency was our powerful military because our currency is no longer backed by gold. It is backed by the “faith and credit” of the US. We are over $32T in the hole so our credit is shot. And their is no more faith in the prowess of our military with the US-backed Ukrainian war. Plus, the word has leaked that our military (DOD) was completely responsible for the development and distribution of the clot shot used by the world.
We did this. No one else is to blame. The world doesn’t need the US and they are better off without it. Question is, when does Europe, Canada, Australia and the American people break free from the US government?
Agree the Biden coup govt did this (the power behind him, he’s just their obedient puppet)
4 Signs the U.S. Dollar May Be Toast – Robert Kiyosaki, Kim Kiyosaki, Andy Schectman
As a metals dealer, Andy Schectman has access to insider info about what is going on behind the scenes, in terms of who is buying up the metals, change in the status of gold, where the metals orders are going, etc. so he can see the orchestrating and pre-planning going on by the insiders. All these central banks coordinate with each other–even Professor Carroll Quigley wrote about it in Tragedy and Hope. IMO, I believe all the “screw ups” by the Biden Coup Govt as outlined by Andy are deliberate–this was all gamed out, and is basically the next stage in the Great Reset (I think this is why they did a Coup on Trump with the election theft–Trump is a nationalist, America first, and would not have gone along with this). In addition to the events outlined by Andy, I’d add the strange MBS/Kashoggi incident in Turkey–the media went 24/7 crazy over that, so I knew there was more to it (media never said a word about Assange, but now cares so much about CIA “journalist” Khashoggi). FBI whistleblower Sibel Edmonds speaks Turkish and was in Turkey when it happened–she caught many problems with the storyline and believed it was a psyop, but she didn’t know why. In retrospect, it seems like an orchestrated event to drive a wedge between the US and SA–to preserve the petro dollar the US always over looked the headchopping/human rights violations, but after SA/Khashoggi event, US politicians condemned S.A.
The billionaires are stacking gold and silver to the rafters! Silcon Valley people are prepping, and even Peter Theil has purchased a bug out in New Zealand. Its happening, and folk need to be prepared.
Dear Mike,
I agree wholeheartedly !
It occurs to me that God is not pleased that HE blest our nation with multiple natural resources, however the powers in charge are negating HIS great gift.
Just my thoughts. God Bless you Mike and all Treepers and SD and his incredible team.
Wish we Treepers could rule this country, instead of the evil in place we have now.
Governments job is to serve…not rule.
So:
#1 I am taking you at your word (that you mean buy GOLD and Silver) because I think you are
smart enough not to think some kind of piece of paper is the same thing.
#2 How do I know I am really buying gold or silver not painted bars?
#3 How do I prove that I am really selling gold or silver not painted bars?
#4 When I sell the gold and silver what am I going to get in exchange (say I am starving and
need food and shelter or die) because they get it all or none? I mean how do you make
change?
My point is gold and silver are really NOT NEGOTIABLE (exchangeable) absent an entity (government most likely) that provides the exchange and the fiat currency to exchange it for. Thus as a means to protect wealth in a total melt down this is an asinine idea and usually only promoted by fools (not you, probably just have not thought it out yet) or charlatan con artist that will happily take your money giving you in most cases paper saying they are holding the actual bullion for you or a painted bar.
You can purchase equipment, and use reliable retailers as proof of what you have. Buy combi bars and you can snap pieces off. BRICS nations will accept gold/silver
But, if you are talking major end of world, then only food and seeds will suffice, and guns to defend it
True question here… if I dont plan on being in a BRICS nation anytime soon, what good is the fact that they will accept gold/silver?
Because they will be there to trade with. You’re not in a safe bubble, and very soon everyone will be trading with the BRICS+ nations.
You only have to follow the scumbags to know what is going on.
so you will fly to south africa to buy food and seeds using gold as currency?/s
i have my own seeds ,land ,ammo ,guns and PMs why would i go anywhere .
Errr no. Did you know silver is used in all electronics? Did you know its running out? What do you think will be given for silver in the future? They built a tech world, and now they need to power it.
did you see the “/s” tag and no what it means?
Barter beans, bullets and bandaids. Hat tip to gentleman standing in line with me at the Tractor Supply Store.
PS I hold mine, and I know what I have.
Absolutely Murray. I know from professional experience that gold,silver,platunum are not easy money as some tout. In large quantities dealers pay a percent or two, over the spot market, for bullion. Not only is the world market manipulated, but its not easy for the average person to store or sell. If you haven’t been in this market, you don’t know who the honest brokers are. Buying gold stock from a legit broker is best if you must. And it’s a roller coaster ride if you are long on precious metals.
Prescious metals limited value is wealth preservation; it enables you to “carry” your wealth “thru” the difficult times, and so have it when “things” get better, assuming they do.
It is NOT intended to help YOU get thru the hard times, for that you need an alternative currency, something you can exchange for a can of spam and a Twinkie, or a gallon of gas.
It needs to have recognised intrinsic value.
It needs to be available in a variety of denominations.
It needs to be impractical to counterfeit.
And it needs to be available with enough of it that one unit can change hands,100’s of times, so in other words a lot if units”in circulation”.
People will gravitate by collective recognition to the only practical alt currency;
Ammunition.
Stock up, while you can.
Alcohol, cigarettes, dehydrated meat, water, caffeine products, shoes, dried beans, rice, salt, sugar, canned goods, and flour are some of the items that people will need.
According to the Bombas advertisement, socks are the number one requested item at homeless shelters. .
Yes, but what will they have that you should be buying now?
Sorry there will be a lot of desperate people out there, you don’t want to be among them with lots of stuff they can’t pay for.
Plus look as desperate and poor as you can.
Please everyone get out of this mindset. If you need it buy it now.
That’s exactly the mindset I’ve used since the day Joke Biden moved into the big house….I spent almost all of the “covid checks” on stocking up, and continue to stock up for the simple reason that: when everyone who’s not paying attention figures out that they need to stock up, I have absolutely no intention of being out there with them.
And no one in my neighborhood has any idea what I have stocked because I cleaned out my small garage so that it would easily hold my car–so that–I NEVER carry things in the house in public view. The door is shut before I open the trunk/hatchback and start unloading.
It bothers me to see recent comments about “you better stock up”–it’s too late to just be starting. Doesn’t mean a person shouldn’t go after it, but it’s too bad people didn’t believe the destruction that the Joke was prepared to bring on us. I didn’t know exactly what shape it would take, but I had absolutely no doubt it would happen.
You know of course that it doesn’t matter whether they know you have stocks or not. Raiders will search every house on the block.
i will tell them to smile and wait for the flash !
Camouflage is a great start in self defense.
Look like you have nothing or little to steal.
Find a few people you trust to help you out if you need it but keep the group small and always know every one who is in it.
This is a sad way to live but who knows what is coming and how bad it is going to be.
Not replying.
Oh, I agree with you. I will make myself look as poor as possible. But for people who want to operate a business, who are heavily armed and protected like the Mafia or Moonshiners, then what I mentioned will be more important than metals.
I wouldn’t risk it.
I think even people here think we’re nuts. I have a decade of toothpaste, and it could be stretched to 15 years if needed. Only buy sensodyne. You need to be able to kill all pain possible. Get yourself packages of moldable plastic. It will make fillings, and teeth if needed. I also stack antibiotics, and grow necessary herbs and fruits for health.
There’s so much to prepare for that people take for granted in everyday life. One of the best things is to grab a notebook and pen. From the time you wake til bed, write down every single thing you did, and ate. Prep just like that.
Better to just cure in salt. Pink salt in the wrong hands gives you colon cancer.
Thank you dutchman for explaining that in practical terms
Self sufficiency and self defense is way more important. After you have that covered than sure, buy some gold and silver.
Barter town is no where you want to go.
I was told by a German woman many years ago that lived in Germany as a young girl during WWII….
She remembered going to the food market with her mother, and her mother would pay for the food with a piece of jewelry.
She always remembered that–and had quite a collection of solid gold bracelets.
LOL! Since I don’t know much about the gold/silver market nor do I know who to trust, I’ve been indulging in a habit that I do know something about…..gold jewelry. 😎
Pawn shops are a good place to buy gold jewelry for weight. Have them test it on the strip in front of you for content. Last customer on a Friday night before closing can make a deal, as folks want to end the week on a good note 🙂
And what’s to say governments don’t make it illegal to own gold again ?
They will, same as firearms, and chickens.
every time the economy starts taking a dive, people start talking about purchasing
gold (which by the way is by then priced very high). No one ever talks about
what to do with the gold afterwards. What is that going to do for my purchasing
a loaf of bread? I will bake the bread myself instead. I am stocked up on supplies.
now I don’t have to worry about purchasing gold at high prices.
well by golly i guess every civilization before and after the Egyptians were dead wrong about gold but you figured it out . Dumbass
Are you new here because you obviously haven’t figured out how to have a civil discourse, or advance your very sought-after opinions.
Silver should be looked at as fractional gold. I would never give you an ounce of gold for a loaf of bread. Fractional Silver like Junk Silver (think Pre 1964 Coins in the US were 90 percent silver) for your loaf of bread. Bartering goods for goods is the most inefficient way to pay for stuff. If for instance i wanted the loaf of bread you made and I only have say Tomatoes and you need sugar to do your baking well now I have to find someone who has sugar and needs tomatoes. Whereas if I give you silver for the bread you can take that silver and buy the sugar. Without the silver by the time i find someone to trade tomatoes for sugar, the bread you had will be sold to someone else or eaten. This is just an example you can replace tomatoes for something else that you find you don’t need and same with the sugar.
well, you can sell your gold for a loaf of bread if you want.
I will just bake it
Who’s the dumb one?
https://www.bloomberg.com/news/articles/2021-10-20/venezuelans-break-off-flakes-of-gold-to-pay-for-meals-haircuts#xj4y7vzkg
If they ever ask,I traded my gold for Drugs
Thank you for a needed laugh.
WE DON’T CARE. In a collapse they will be underground hiding from everyone
Food, alcohol, tools, and trade skills will be bartered in extended periods of without rule of law or economic collapse. Might will make right, and people that can take from you will. In the past metals were worn as jewelry, and sometimes made into small coins or plates. To “make change” you’d hack the silver apart, links off a chain or pieces off a plate. So you have the term “hack silver”, or silver that was easily traded. I think that’s why people collect “junk silver”, or old US coin with a high percentage of silver.
So then you suggest Lead?
SOOO TRUE!!! Barter System will be more effective with ANY commodity of “Value”. I’m not taking “Gold” from anyone when the SHTF.
Murray,
“giving you in most cases paper saying they are holding the actual bullion for you”
If you look at the fine print of ALL of those pieces of paper, they ALL say that if physical gold is not available at the time of your request, you agree to accept US dollars in lieu of the gold at the current price of gold on the open market. (They don’t need painted gold bars. )
Why do they do this? Because they can offer as much gold for sale as they have US dollars to cover the redemption requests. (basically the same way fractional reserve banking works). This is why Gold has never broken out above $2000 usd/ounce – as there is an unlimited supply of gold on the market through this system, so it never experiences supply and demand pressures.
i will buy any PMs that you need to sell right now .
Biden: You have 90 days to sell all gold and silver holdings at _____ price. After 90 days, all transactions in gold and silver, sales or purchases will be illegal. Any business or person to person transaction/bartar involving or accepting gold or silver will result in expropriation of all business and personal property under civil forfeiture.
Get off your knees
I’ve heard this before somewhere – where was it again?
Our US government did it a few decades way back.
Not beyond possibilities.
Even worse the US will be desperate for international money, which is physical gold.
This is why self sufficiency and boating accidents are so important.
the government outlawed the owning of gold before –
and will do it again.
I know people who had it buried in their back yard.
I think the law was more about prohibiting people
from purchasing it because I never heard the nazi
fed police going door to door.
Just as in Communist Countries there is a black market. the Black Market will expand bigly if they outlaw gold as we will probably be in some sort of Socialist Dystopia. Gold, Silver and other currencies that are stable will continue to be used to pay for goods/services without government interference.
FJB
Yeah good luck with that. I wouldn’t sell any to the government gold, silver, or guns. I am pretty sure there is alot of people that feel the same. Only desperate and scared would.
We’re buying lead and ordering more sidearms!
Elections have consequences. Stolen elections have catastrophic consequences. McCarthy was right…the commies are here and they’re in power.
They’re not really commies. Not the ones running the show. They’re selling the lie of equality, climate control and reparations to fools who believe government can actually regulate all that.
In fact, they’re a greedy criminal organization, no matter what they call themselves (WEF, NWO, EU), with acolytes around the world, determined to own even more than they already do, and enslave the rest of us.
I believe that, if anything, they are the “Fourth Reich”. All of their methods and goals are identical to the Nazis.
I actually believe that’s a better descriptor.
Unfortunately, the children leaders of this country, are going to smash their toys and then take ‘em home so no one can play.
WW3 on deck!
I got a weird look last week when I hit the pawn shop and bought up all the silver dimes and a bunch of dollars
I will be back on pay day
For more
My savings for the last year
Are in gold and silver.
Only one other person I know has been buying.
I tell people and
You want to know something?
I’m beginning to hate being the
I told you so guy!
I know So many who are clueless and they have are going to learn the hard way!
Smart move! You might enjoy this as well.
https://www.armstrongeconomics.com/uncategorized/what-will-become-money-post-2032/
Been buying both large and small quantities of silver and gold for 30 years. I always buy when they’ve been stagnate for a few months. Probably have more value in those than in dollars
YES YOU WILL (learn the hard way).
As an investment, well as the saying goes “all investments have risk” and “past performance is not a guarantee of future results”.
As a lifeboat, umm going to be damn hard to convert to edibles or ammunition, if you get my drift.
Can’t get much nutrition from eating gold or silver.
Lead, however can be used one way or another to obtain and retain food.
He who has the lead, will get the gold.
Those who have lead, gold and chow neatly stored were paying attention.
Maybe more like he who has the lead will KEEP the gold.
To me,it is savings
Of something worth more
Then a worthless piece of paper
Not worried if I get rich.
I might be able to do more then wipe my rear with a worthless saved dollar in a few years
I think I have the edibles covered with a 100x 100 foot Garden I do with a friend and I really don’t discuss personal protection
Online
But I pity the fool. 😆
Junk silver is getting pretty hard to find, but if people want my eggs and they don’t have a good barter, they better come with metals.
I do have much,
but Eggs I don’t have..
See how this works?? 😃
No matter how you look at it it’s an attack on all the White Christian countries of the world.
This is indisputable.
Uh, Russia is white and Christian. Why do you think they’re hated so intensely by the lefties?
Russia is diverse. There are about 190 different ethnic groups.
The majority is Christian though.
Not just Christian
Fully 20% or more of the US Dollar value relies upon it being a Reserve Currency and the PetroDollar.
Biden has eviscerated the US Dollar with his profligate printing press and deficit spending, thus destabilizing the Dollar.
If these idiotic currency actions are not halted in this budget cycle, Americans need to get ready for a 20 to 40% loss in purchasing power, a similar increase in foreign debt interest rates, and a generally weaker US economy.
If you thought inflation was leveling off, think again.
Everything that is imported will be affected. Energy and Manufacturing drive markets.
American Manufacturing has been offshored, American Energy has been hobbled. This was the plan and Biden and the Dems and Rinos executed the plan flawlessly. Had Trump been in office, this would not have happened.
Had Trump been in office, this would not have happened.
Hence, the reason the 2020 election (and 2022 election) was stolen. And we are NOT voting ourselves out of this.
A big move to defend the US would be to revoke MFN (Most Favored Trading Status) with China. This would immediately make all Chinese imports increase in price by 25% or more. Further on, China enjoys US Taxpayer subsidized shipping and costs the US Postal service billions of dollars a year.
https://www.forbes.com/sites/wadeshepard/2017/11/05/how-the-usps-epacket-gives-postal-subsidies-to-chinese-e-commerce-merchants-to-ship-to-the-usa-cheap
Just a few things that can be done.
Sorry…but how long do you think the Fed has been printing money and the gov’t spending like crazy? At least three decades. Go look at the data. Track public/private debt as a percentage of GDP. Ask yourself how inflation was kept in arrears for so long (hint: exporting industry and importing goods produced by low wage labor). Biden, atrocious as he has been, is one in a long line.
All of us have been taken to the cleaners by the entire system and everyone running it. Everyone.
There is a reason they stopped publishing the money supply
80% of ALL dollars ever created into existence have been created since 2020.
https://techstartups.com/2021/12/18/80-us-dollars-existence-printed-january-2020-october-2021/
The dollar is toast.
Partial answer.
Look at the FRED data: M1 (which is money in circulation) ramped up big time starting in 2019 and on into 2020 – including the Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation programs.
The larger point is that the policy underlying all of this started decades ago. And it was money printing AND government deficit spending over three decades that has gotten us to where we are today. Look at the full set of data in context historically…money supply, interest rates, GDP growth, government spending, private/public debt, etc…….the trend has been place for decades.
Dollars are created and destroyed btw – almost a trillion M1 dollars have been wiped from the US balance sheet since the current QT started. That the dollar is toast based on BRICS+ moves to a non-SWIFT system and commodity based payment is an existential threat that is becoming increasingly real – no argument there. But that has its genesis in factors well beyond M1.
Everyone in the power structure contributed.
I’m sorry, I may have accidentally flagged this comment while scrolling on my tablet. I’m not sure how to un-flag…
Wait until the USA can’t finance the trade current account deficit. If you thought the shortages were bad during the Covid scam, wait until the dollar collapses. Import prices will explode. Think Sri Lanka.
Businesses will be forced to repatriate to the USA.
Confiscating Russian reserves was such a huge (intentional) mistake.
Countries won’t have to buy US debt and hold treasuries for sale to buy oil. The financing of the 30 trillion going to 50 trillion is going to get extremely difficult. The FED will be buying the debt, hyperinflation.
Actually trading oil in non-US dollars first effects (reduces) the Eurodollar market then secondly demand for the US dollar.
Japan should have too much pride to team up with this joke of a Western alliance as sponsored by BlackRock.
Japan has to act in it’s own best interest.
As the Ponzi scam starts to collapse, he who holds the trasuries longest, gets royally screwed as their value descends to toilet paper level.
Once the run on the dollar starts, there’s no stopping it.
It is too late, they signed up for the team USA long ago. If you remember the 1980s, the world was convinced that Japan would overtake the United States economically:
JAPAN MAY STILL SURPASS U.S. TO BECOME LEADING ECONOMIC POWER BY THE YEAR 2000
https://www.chicagotribune.com/news/ct-xpm-1995-04-10-9504100029-story.html
So what happened? Did the United States suddenly start out engineering and out producing the Japan in electronics and automobiles? No! All people remember about that time was that the Japanese economy suddenly fell off a cliff and never recovered …and we stopped talking about it.
Here is what happened:
Princes of the Yen | Economic Ascent | Central Banks | Creation of Money
Or you can get the short version from Michael Hudson:
Prof Michael HUDSON – De-Dollarization – Toward the End of U.S. Monetary Hegemony?
That was what was supposed to happen to the Chinese, which is why the United States shipped all of our factories there, however, after seeing what happened to Japan, the Chinese said no.
Remember this is all driven by Wall Street and London/Brussels as part of the GAE.
The GAE is a fail and a loser.
Tony: The Georgia Association of Educators? Geniculate Artery Embolization?
Thanks, Bush voter.
That’s Globalist Atlantic Empire.
Also Lloyd Austin is really fat.
He can’t do 10 situps and he’s dumb but sponsored by Wall Street.
Wall Street loves pedophiles.
There’s also a TikTok video out there of Klaus Schwab trying to catch hot dogs in his mouth. You’d enjoy that.
You mean Globalist American Empire…correct?
😐
You have to say this economic mayhem is precisely the RESULT DESIRED by Fake #BasementPresident Obama and his Owners.
It looks like a Proxy War on Russia but acts like a Proxy War on America.
I don’t think the world was very impressed with us sanctioning the crap out of Russia, stealing personal personal property, and face stomping companies into abandoning businesses in Russia. Countries are establishing a Plan B. And we keep doubling down.
Russia is also setting up to use the Abu Dhabi precious metal exchange since they can no longer use the London (or other) metal exchanges.
I would suspect once Russia is established using that metal exchange that other BRICS+ nations will follow suit:
https://www.mining.com/web/russia-linked-polymetal-may-list-in-abu-dhabi/
Out: Trump’s America.
In: Biden’s China.
History of the World’s Reserve Currencies (what cannot continue will not continue), and when the U.S. Dollar is replaced — the American economy & society will collapse with a total debt now (including unfunded feral government liabilities of over $300 trillion):
Don’t worry, congress is going to investigate the Biden crime family’s CCP treason, then everything will be fine. 🙄
I spit out my water!!!
Sorry 🤷🏼♀️😉
so now what we do like china and devalue the dollar and pay the debt with 30 trillion dollars of worthless paper?
No, we execute a plan to destroy their currency and stabilize the Dollar.
This is done by bringing Manufacturing back inside America, expanding US Energy Independence, raising tariffs on imports, forbidding energy exports to China, tightly controlling technology, and generally acting in America’s interests instead of the Chamber of Commerce / Dem/Rino/Globalist parasites. To do that requires a Focus of Will and the acceptance of short term hardships.
I wonder if Americans can deal with what it takes to remain Free, or if they’ll ‘assume the position’ and become slaves.
The sooner people get smart, the shorter the duration and level of economic pain will be. I’m not holding my breath.
So, basically, Trump’s plan.
Need to be self sufficient in metals
Yes you are correct but this is now a nation of Fat Ass Lloyd Austin’s.
He’s the Dollar General of Generals.
He’s a fat loser, a clown, and needs absolutely destroyed with cement blocks on his ankles and thrown in the Mahoning River while his family watches.
“needs absolutely destroyed with cement blocks on his ankles and thrown in the Mahoning River while his family watches.”
alternatively, just hold up a bunch of bananas and throw them in the water; he and his family will jump in after their favorite food. Might get Obama, too, if he is in the area.
Question Sundance:
Is this the Soros/Schwab/BlackRock plan … or not ?
MGBSE:
You might want to check this out for a more nuanced understanding of what “might” be going on:
The Fed and The ECB w/ Tom Luongo (Live)
The plan that you refer to calls for introducing a Central Bank Digital Currency (CBDC), however that means the elimination of the Commercial Banking sector (something a lot of big banks are not happy about, eg Jamie Dimon and JP Morgan) . And it is the commercial banks in the United States that control the Federal Reserve. The current Chairman of the Federal Reserve is Jerome Powell (a Trump appointee, significantly, who Biden is not happy with) and he is not going along with the European Central Bank, ESG and the need to fight climate change, etc. Currently, Powell appears to be protecting the long term viability of the US Dollar (in other words, he appears to be operating as an economic nationalist, as was Trump, not a globalist), even though that might cause short term pain to the US economy.
You also have to pay attention to the “fine print“. When you hear the Fed discussing a CBDC, it is not a Retail Central Bank Digital Currency (where ordinary citizens would open an account directly with the US or EU government) but a Central Bank Digital Currency to replace the current SWIFT system. If you ever tried to transfer money overseas, the SWIFT system takes days and therefore badly needs to be updated, so a more efficient digital currency set up for bank-to-bank transfers is a real need. It is easy to mistake the two if you are not aware of the nuances.
I hope that helps.
Q-2.0 Theory: No need to do anything but stay on your couches, cuz “Hooray!” Jay Powell is gonna save us!
Tom does get a lot of things right, like his quote “The best lies work because they have a nugget of truth.”
And he’s spot on on Q, as seen in the video below starting at 57:10.
#rumble.com/v2b6eh2-situation-report-2-27-23-interview-with-tom-luongo.html
As I understood Luongo, Powell is trying to save himself and his commercial banking buddies from the WEF/Davos/Globalists, he doesn’t care about us. It was not like Stalin was trying to save the Western capitalist countries by waging war against NAZI Germany, but to save himself not us (those eking out a living wage in the West). I don’t think back then that anyone have a Q-0.0 strategy: No need to do anything but stay on your couches, cuz “Hooray! Joe Stalin is gonna save us!” There may be some intellectual and emotional comfort in adopting a solipsistic Manichaean world view, because one does not need to ponder the complexities of a world, which is in most cases indifferent to our presence in it. Most of the time we little people are just along for the ride, as those with greater powers and larger interests coincide and diverge, come what may. IMHO
Thank you … lots of details to look up and read up on …so many unnecessary/ intentional/ confusing layers !
IMHO, No question.
There is a line already forming of countries wanting to join BRICS+.
Both out of enlightened self interest (Mexico) and out of disgust with U S. Bullying of the World, for many, many years.
Sanctions, and threat of sanctions, and if you don’t comply with us, we will “regime change” you! gets old, after awhile and BRICS+ gives these countries a place to go.
And we’ll blow up your pipeline.
Life is really going to suck as a pariah Nation. Do you really think the rest of 5 Lies give a toss about US when the chips are down?
Oh, they’d absolutely love to see us arrogant yanks go belly-up. They’ve despised us since our inception.
“The Petrodollar Just Got Smaller Today as The First LNG Shipment Between UAE and France is Traded in Yuan”
Thanks, Joe Biden!
Wow.
Related:
China, Brazil strike deal to ditch dollar for trade
https://insiderpaper.com/china-brazil-strike-deal-to-ditch-dollar-for-trade/
from bictcoin magazine article on petrodollar
Whiteboard,
There is another never-discussed detail of our War in Iraq:
https://www.history.com/this-day-in-history/clinton-punishes-iraq-for-plot-to-kill-bush
and another reference:
https://irp.fas.org/agency/doj/oig/fbilab1/05bush2.htm
You can be sure that George W. was duty-bound to get rid of Saddam, even if he had to b.s. his way to war.
We killed Ghaddifi for the same thing when he tried to sell oil in other than USD. Then we starved the people of Venezuela because their government wanted to do the same thing.
The Saddam Hussein weapons of mass destruction was a ruse because he was selling oil in Euros and the U.S. needed to stop that quick. George Bush was an oil man.
WhiteBoard,
Great post!!! There is a little twist on that however, given what happened to NordStream II, it is easier to see. In order for the Euro to become a reserve currency it needed to breakout and be used as in international currency. Did it really matter to Saddam whether he got his money in USD or EUROs? Not really, although he would be less beholden to the United States. In fact the Euro was only introduced in 2002, so Saddam was taking a real chance. However, the greater beneficiary at that time was Europe. (You can see the same dynamic playing out today with Bitcoin in El Salvador as to who the greater beneficiary is.) So, that raises the question, did the United States go to war against Iraq in 2003, or was it indirectly going to war against Europe?
I’m sure it’s just a coincidence 😏
Sundance is cranking on all cylinders plus some today.
Thank you, Sundance for keeping us informed.
Mexico is an oil-rich country. So why are they buying diesel fuel?
Is it because they lack refining capacity? And is that because they relied on the US to refine theirs?
Bad decision in the Obiden era: US refining capacity hamstrung by Obiden policies; reportedly aging facilities and no new ones.
L. E. Joiner: Mexico is building at least three new refinieries of its own.
The shipment of Russian diesel was somehow mixed with urea ammonium nitrate in Spain before being shipped to Mexico……
……..am I missing something?
…….isn’t that combination rather explosive?
Is it shipped in railway cars?
There hasn’t been a new oil refinery built in the US since the 1970s.
It has started.
Thanks for another Joe
CUSEA is doing this with purpose, following the burgermeisters Schwab and Soros, and all their merry insanity, because they have not the Integrity to Stand up and say No.
Here comes the fun.
If companies can, people can
I’ll bet Our President, as soon as he’s officially back where he belongs – the White House – will join BRICS, a major step in the ultimate destruction of the Deep State…
You have to apply and then be ACCEPTED into BRICS by the core members. What do you think Russia and China will do?
As unstable as our elections are? No way.
Self canceling trade has always been possible between nations without the US dollar.
The real issue is how does one store wealth from net production.
It’s the same question for nations ‘and’ individuals.
Any currency or debt owed to you is always and everywhere a transaction half made.
Operation Sandman….100+ worldwide countries….probably under BRICS influence….are plotting to drop the petro-dollar as the worldwide currency….
Hang onto your hat….or kiss it goodbye….
https://ncrenegade.com/operation-sandman/
Might I suggest: colorado gold dot com
We live in the same state as one of the very large metals exchanges
and discovered that we had to pay sales taxes on our purchases (no kidding).
So, we had to find a different dealer. Colorado gold ended up having better prices, too.
Kenya President William Ruto during speech/Press briefing told everyone to get rid of their US Dollars as soon as they could.
Kenya will now be buying Saudi Oil in Kenya Shillings.
Kenya’s not sending their best.
I do have to agree!
Keep those skinny jeans, they gonna be baggy soon.
Get ready for real inflation. Without the need to be used for exchange between other countries that money becomes re-domesticated just as M2 is still higher than ever.
Tucker Carlson just announced that he will be going through the implications of the dollar being supplanted by the yuan or other currencies.
I haven’t decided whether this is a planned outcome. That almost seems too evil for even this government. It will destroy the fiat dollar, the savings of the working and middle class, and enormously affect the quality of life in the United States. Could its purpose be to establish a digital currency and institute a full dictatorship?
why so many question marks?
you literally described their happiest desires – and ones they completely control in making happen
Belle,
Good question! You might want to watch the full Michael Hudson video I posted above. Basically, IMHO, after much reading and research, it comes down to US mismanagement and corruption. When the US went of of gold in 1973, it freed itself of fiscal constraints and could print as much money as it wanted. This then freed the US Govt. (Deep State) from the real main street economy as the government became the source of money verses productive businesses. This was further exacerbated by the banking sector which could get greater returns by investing in financial instruments than in productive businesses. Why take a chance on a 30 year loan to a company when you could make more money on the international currency carry trade, etc? This is why the West essentially deindustrialized over the past 30 years and neither the government nor the banks have need of productive businesses.
I don’t think this was part of the WEF/ globalist plan as George Soros has called for the toppling of both Putin & Xi… what they are both doing is trying to extricate their countries and economies from the US/Western financial system, as explained by Prof. Michael Hudson.
All IMHO… best guess, so I could be wrong.
That it how I view it also.
US, NATO and EU just passed the 10th round of sanctions against Russia. We seized the assets of Russia. EU and NATO froze the assets of Russia
As Putin recently said…
it was US and the others that stopped Russia from using the dollar.
How many other countries have been/or are the victims of EU,NATO and sanctions?
This is their way of becoming sanction proof. Set up new trading partnerships and currency .
Bypass the US,NATO and EU.
Evil and insane get us to exactly this point in time. It’s entirely possible the insanity overrode the evil, and TPTB get screwed too.
The question will become, can they grow this process with OPEC+ support and begin eventually trading oil in yuan?
They can and they will.
It’s just more of the cabals scheme to destroy the USA.
BRICS holds a boatload of US debt. Surely they realize the implications of moving towards other oil currencies?
lose a percentage of their money, to kneel a greater nation.
you are in the losing times of your country – if the tide dont change by Jan 2025
Winning one election won’t necessarily shift the tide. I have lost any belief the majority of Americans are intelligent, aware or willing enough to change our course for the better.
We have been broken down into too many tribes by the evil plans of evil men. My dreams are more and more about surviving a post-apocalyptic society, literally.
Russia has sold down a lot of its US Treasury bonds. They are down to $67 million. China has been selling off its Treasuries also. Last figure I saw was $870 billion from a high of over 1 trillion and it may be a good bit lower now. Japan is the largest holder of our debt but Japan’s debt to GDP ration is over 200% so their economy is not all that stable.
Brazil is joining in, agreeing with China to trade with their own currencies instead of the US dollars. BRICS+ is on the move.
Stated simply, “international traders should have multiple and meaningful COMPETING CHOICES. What currency(ies), bank, bourse, insurer, interbank system. Anything. Everything. The idea of “petro-dollar” should have died in the 1970’s.
The costs of “not having free choices” are a very big part of any international trade. Especially “currency conversions.” You pay quite dearly at the gas pump, but also in … well … just about everything. They’re hidden. But you can find out a lot, and what you do find out will fairly shock you.
So: if countries want to buy and sell energy, they should be (like every other trader) fully entitled to negotiate the best deal without encumbrances.
And, no nation should “attach its national identity” to being able to put their thumb onto the scales.
Too bad Japan remains reflexively anti-China due to their history pre/post WWII. If not for that, they would certainly hop onto the BRICS bandwagon.
Sundance,
I know you are not
a – real- magician,
but
can it be stopped????
Are we
really
going to digital $ ?
China and Brazil divesting from trade using US dollars as well.
https://www.foxbusiness.com/markets/brazil-china-strike-trade-deal-agreement-ditch-us-dollar
The US will be using G&H Green Stamps before we know it.
I have no idea who this guy is, but the fact that twitter places his entire profile behind a warning dialogue box suggests he’s probably more trustworthy than not.
——
^^^ Keep in mind, the Bretton Woods agreement was done exactly this way.
The one big elephant in the room to this story is that one side of this transaction is now stuck with “Juan”. The realization will soon hit they now have to put their trust and faith in the Chinese. Lol.
It really needs to unfold.
I keep wondering what the quid pro quo is going to be in retaliation or to counter these economic shifts. No way the yellow/west is going to let this go unchallenged, it puts Sleepy Joe out there as a fall guy but I keep thinking there will be a sucker punch somewhere, nothing is done or not done in a vacuum.
Wonder how our Democrat friends are going to adjust to gardening, cooking, foraging, using barter co-ops, canning, drying, self health-care, raising chickens and rabbits, butchering, hand-sewing, mending clothes, washing clothes outside, raising their own children, home-schooling, etc. Of course the biggest adjustment is TREMENDOUSLY REDUCED government services like reliable and safe utilities, police and fire protection, ambulance, etc because of TREMENDOUSLY REDUCED TAXES available to pay for it. For some period, VIOLENCE WILL EXPLODE! Obama’s Transformation!
✅️ It’s what Marxists do, chaos.
Community Organizer aka Barry Sotero.😈
George Orwell’s playbook is revealing and happening before our very eyes 👀 with rapid transformation.✔️
Chaos is the point.
That last phase will be when Bammy gets his reward
“That last phase will be when Bammy gets his reward.” You mean when he is cast into the lake of fire?
When he is convicted, sentenced, and stood in front of a firing squad.
I like the way you think, but 0bama will NOT reap his just rewards in this lifetime!
I would say that they will not fare well.
Will be interesting to watch.
They will be saying
I remember when…..
I saw the same pressure canner I bought two years ago is now up 40%. Mason jars and lids have gone up about the same amount. It has gotten a whole lot more expensive to get into canning and this is the off-season for getting those supplies at discount, wait until summer arrives!
I just bought 4 cartons (12pk) of Kerr (pt & qt) canning jars, with seals and rings for $10.29 each. They were on clearance from $11.97.
We did not can much last year, but plan to do more this year. Normally we only put up preserves. Am planning much larger garden this year.
Am no fan of the CCP, but the Chinese people themselves were once good customers and friends of the USA. I know that many of them hate living under their repression.
On the other hand, the weakening dollar is very much to be blamed upon the insane fiscal and foreign policy positions of the O’Biden administrations. The #ComDem’s are intentionally destroying the stability of the USA and our military.
It is TIME to restore the Constitution.
It is TIME to #DownSize_DC!
I canned almost 200 jars of food last summer. Nine months worth of homegrown food for the cost of seeds and fertilizer. It can be done and if things keep going the way they are now, it may not be a choice.
Don’t forget trash pickup.
Who’s going to deal with all the rats?
For many they’ll be on the menu.
That doesn’t need to be paid for via Taxes. Hell my sister lives in a condo and pays for each trash can full of garbage directly to the company that picks it up. Ive heard of neighborhoods or rural households doing the same or similar. So no not everything is paid for by taxes. Basically you are accountable to pay for your own trash pickup.
You mean the ones in DC? Or the ones that will be rummaging through your garbage…..they could be the same!
The pendulum is swinging in a new direction.
It’s called reality.
Far, far away from whatever it was Obama dreamed up.
Costs about 20 cents to produce a $100 bill.
A lot of inflation when that comes back.
Roy Sebag has a book out entitled “The Natural Order of Money.” I recommend reading it. The fiat dollar cannot last. Our politicians are ruining it. He believes there will be a return to real money not fiat. That being metals with intrinsic value. I agree. This deficit spending is madness. All it will take is the smart Wall Street money to lose confidence in our Monopoly money. Our fractional reserve banks are on very thin ice. It will happen overnight. Be like Joseph and prepare.
This is the plan to crash the economy and next comes digital currency.