zerohedge.com / by Luke Gromen via Sprott Global / 09/16/2014 22:58
Where does capital really come from?
Most US policymakers believe that capital comes from debt issued by the Fed and its member banks; most other big debtor countries agree (i.e. Japan). On the other hand, policymakers of the world’s [...]
zerohedge.com / by Tyler Durden on 09/10/2014 16:33
If, when in February Victoria Nuland infamously launched a (not so) covert campaign to replace the ruling Ukraine president oblivious to the human casualties, resulting in a civil war in east Ukraine, NATO encroachment along the borders of Russia, and a near-terminal escalation in hostilities [...]
thecommonsenseshow.com / by Dave Hodges / September 1, 2014
The BRICS cannot run or hide from this devastating weapon.
It should be child’s play to to militarily chart the course of World War III. The sides are drawn and the options available to each side has become obvious. However, the true nature of our [...]
zerohedge.com / by Tyler Durden on 08/27/2014 13:57
Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but [...]
zerohedge.com / by Tyler Durden / 08/14/2014 08:15 -0400
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 [...]
blog.milesfranklin.com / By Bill Holter / July 23rd, 2014
The biggest news last week was that the BRICS bank has been formed and being funded. Some may argue that the downing of the Malaysian airline flight was bigger but I don’t think so. From a money and banking standpoint, the formation of the [...]
blog.milesfranklin.com / By Bill Holter / July 15th, 2014
Last week was full of news but the obvious in importance was the news out of Espirito Santo bank of Portugalhttp://www.chicagotribune.com/business/sns-rt-us-espiritosanto-esfg-20140710,0,5483314.story. This is Portugal’s largest bank and they missed a bond payment, their stock had been halved in the last month prior to being [...]
blog.milesfranklin.com / By Bill Holter / July 9th, 2014
We have already gotten many pieces to the ending of the petrodollar puzzle. We know about Russia and China (and the remaining BRICS) making deals in all directions that will not use the dollar. We have seen the U.S. allies Britain, France and South [...]
zerohedge.com / by Tyler Durden / 07/09/2014 11:13
File this one in the “understatements” category.
While recent US relations with Russia plumbed lows unseen since the Cold War, at the same time “succeeding” in cementing relations between Russia and China, the so-called Eurasian, anti-Petrodollar axis, and leading to an accelerated groundbreaking [...]
zerohedge.com / Tyler Durden / 07/05/2014 22:28 -0400
The USA is fast running out of friends to support its ‘exorbitant privelege’. Having alienated the Germans over NSA-eavesdropping, ‘boomerang’d the Russians into de-dollarization, tariffed and quantitatively eased China into diversification, and finally ‘punished’ France into discussing the dollar’s demise; it appears no lessor person [...]
alt-market.com / By Tom Chatham / 30 June 2014 14:52
This article was written by Tom Chatham and originally published at Project Chesapeake
The U.S. dollar is the world reserve currency, for now. That means everybody that trades in major commodities around the world needs dollars in hand to purchase what they want. In [...]
blog.milesfranklin.com / Bill Holter / June 18th, 2014
I wrote Mission “UN” Accomplished on Monday and talked about how Iraq has not been put to bed and in fact has become an even bigger problem than it has been. Whether officially admitted or not, Iraq’s oil was the reason we were there in [...]
zerohedge.com / by Tyler Durden / 05/22/2014 11:49
Before anyone suggests that all Russia is focusing on is China at any and all costs, consider that as we have been saying since 2012, perhaps just as important to Russia (and China) strategically is Iran which has already lashed out against the Petrodollar on numerous occasions [...]
caseyresearch.com / Chuck Butler / May 19, 2014 8:28am
In This Issue.
* Data Cupboards are bare this week! * Why can’t the dollar gain any traction? * Euro to rebound again? * Addison Wiggin on the end of the Petrodollar.
And Now. Today’s A Pfennig For Your Thoughts.
Groundhog Day For Gold .
dailyreckoning.com / Addison Wiggin / May 16, 2014
[Part I of this essay, The US Energy Boom Will End the Dollar’s World Reserve Status, was published in yesterday's Daily Reckoning]
So let’s say the U.S. is really not importing much Arab oil anymore,” says Erik Townsend in a thought experiment. “Well, if that [...]
theeconomiccollapseblog.com / By Michael Snyder / May 13th, 2014
Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is reporting that the Russian Ministry [...]
zerohedge.com / by Tyler Durden / 04/10/2014 12:33 -0400
Curious what the fate of the petrodollar is? Look no farther than this Interfax update blasted moments ago by Bloomberg: “Gazprom Considers ‘Symbolic’ Yuan Bond Issue, Interfax Says.”
Bloomberg adds that the gas giant is considering proposals from potential organizers to market bonds in yuan, Interfax [...]
caseyresearch.com / By Chuck Butler / April 7, 2014 8:30am
In This Issue.
* Currencies are mixed after rallying Friday. * Gold moves back to $1,300. * Canada prints a strong labor report. * The U.S. petrodollar, for how much longer?
And Now. Today’s A Pfennig For Your Thoughts.
Jobs Report Is Good, But Not [...]
zerohedge.com / Tyler Durden / 04/04/2014 14:27 -0400
On the heels of Russia’s potential “holy grail” gas deal with China, the news of a Russia-Iran oil “barter” deal, it appears the US is starting to get very concerned about its almighty Petrodollar
*U.S. HAS WARNED RUSSIA, IRAN AGAINST POSSIBLE OIL BARTER DEAL *U.S. SAYS ANY [...]
thecommonsenseshow.com / By Dave Hodges / March 28, 2014
It is possible to make a reasonable prediction about where World War III will break out based upon historical Russian military strategy. Putin is following a very predictable pattern that dates back to over a 100 years of Russian military history coupled with the present set [...]