Saturday, October 18, 2014

Oil Prices Fall Sharply

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4 comments:

Son-of-man said...

Ronald:

I am at a lost why your accounts of increased oil prices commensurate with the Israeli expansionist war of 1973. Let's step back a couple of years when the U.S. dollar was removed from the Gold standard, and dollars could now be printed from thin air into existence; this was done by the Nixon administration and became known as the "Nixon Shock".

Now to 1973, an artificial oil crisis was created, and the Nixon administration began secret negotiations with the government of Saudi Arabia. With this arrangement, called the petro-dollar recycling System, where Saudi Arabia would only sell its oil in U.S. dollars with the oil profits being recycled back into American Banks and Capital markets. To alleviate the sufferings of the small economies unable to cope with the increase in petroleum prices, the IMF was created to facilitate loans, with payments and interest denominated in U.S. currency.

This agreement/Deal was formalized in 1974 by Nixon's Secretary of State Henry Kissinger. In the U.S. there was the constant hissing of military seizure of Oil Fields around the world. After the embargo, the US and Saudi worked together to renewed Military cooperation and economic initiatives to promote recycling Saudi oil profits to the States by the Saudis investing in infrastructure, industrial expansion, and US securities, with OPEC being brought aboard in 1975.

With the use and demand for oil ever increasing, the Federal Reserve was now able to print dollars at will since the need for oil would prevent a flight from the dollar, while inflation would be distributed across the entire planet from Cap to Moulachique. The American dollar became its mane export. How does the US economy stay afloat while running multi-billion dollar deficits for years? Saudi Arabia's Oil, just as long as oil is sold in U.S. dollars.

Conducting world trade in dollars gives US the power to destroy your country through sanctions since any major transaction has to pass through the US.

In the year 2000, Saddam Husein announced he would take his oil off the dollar and accept Euros, this was the first major challenge to the Petrodollar and US immediately embarked on preparations for war. The project New American Century of which Dick Cheney was a member called for a massive increase in military spending but needed a trigger to stop Saddam. That event came one year latter with 9/11.

Saddam who had nothing to do with 9/11 was accused of having Atomic Bombs/WMDs, and Iraq and Afghanistan were invaded on a fabricated LIE. They knew Saddam hod no Nukes, but Collin Powell brought Hollywood to the U.N., remember him? Anyway once the Iraqi Oilfields were seized by US troops, the Oil was switched back to US dollars - there.

Now what has this drop in oil prices have to do with Russia and Ukraine?

October 19, 2014 at 9:37 AM
Son-of-man said...

/

Well we know this adventure was not a "cake walk", and after trillions of dollars and millions of dead bodies, and millions of wounded, Iran suddenly did not look like a ripe mango Palwee. With CIA and Mossad saying Iran did not even consider building a Nuke, much less about to cross this Israeli "RED LINE", but the Harassment and Sanctions against Iran continued even under the Nobel Peace President to this day.

Well in 2004, Iran started to make plans to extricate itself from the Dollar. They would establish their own Oil market which was not tied to the US$. This called for war, but US had lost all credibility with its invasion of Iraq and the lies of Weapons of Mass Destruction. This time the weapon used on Iran would not be Tomahawk Missiles but the DOLLAR. Using the UN, the US imposed stiff sanctions against Iran.

Sanctions that were designed to topple the Iranian Government. The sanctions hurt Iran but failed to bring the kayos intended by US, thanks in part to Russia.

In 2009 Muammar Qaddafi was named chairman of the African Union. In March of that year there was word of a "Single African Currency" backed by Gold, within two years the CIA was in Libya and sided with Al Qaedah and Qaddafi was murdered. Libya has been in Kayos since, with Al Qaedah killing the US Ambassador to Libya. Libya, Iraq, and Iran had committed the Mortal sin - Messed with the US Dollar.

With armaments seized from Libya, ISIS moved into Syria launching two Poison Gas attacks to frame Assad and bring in NATO(England, France and US). This plot/conplo was discovered by Russia and UN investigators which led to a diplomatic settlement with Assad. But why Syria? In 2009 Qatar wanted to run a Natural gas pipeline through Syria and Turkey to Europe; Assad rejected the proposal instead forming and alliance with Iraq and Iran to run a Natural gas pipeline to Europe cutting out Qatar and Saudi Arabia from the deal.


Syria and Iran has signed a defense treaty with Iran and any attack on Syria by US would mean all out war with Iran who has developed numerous systems capable of shutting down the Straits of Houmus. This rebellion against the dollar goes deeper than pure economics, and China has proposed a new Eurasian security pact which would include Russia and Iran.

Russia is the the world second largest exporter of oil and has began selling oil in denominations of Rubles and gold, while working with China to pull off the dollar. US gave Ukraine an ultimatum, join the EU or else! President Yanukovich went with Russia, and his government was toppled by the US, and a Puppet installed.

Crimea is important geostrategically because of its position in the Black Sea which allows for the projection of naval power into the Mediterranean. It has also been Russian territory for most of recent history.

October 19, 2014 at 4:24 PM
Son-of-man said...

The U.S. has been pushing for Ukraine's inclusion into NATO for years now. Such a move would place U.S. forces right on Russia's border and could have potentially resulted in Russia losing their naval base in Crimea. This is why Russia immediately accepted the results of the Crimean referendum and quickly consolidated the territory.

Meanwhile in Eastern Ukraine, two regions declared independence from Kiev and held referendums of their own. The results of which overwhelmingly favored self rule.

Kiev responded to this with what they referred to as anti-terrorist operations. In practice this was a massive and indiscriminate shelling campaign which killed thousands of civilians. Apparently killing civilians didn't qualify as aggression to the West. In fact the IMF explicitly warned the provisional government that their 17 billion dollar loan package could be in danger if they were not able to put down the uprising in eastern Ukraine.

While the war against eastern Ukraine was raging elections were held and Petro Poroshenko was elected president. It turns out that Poroshenko, was exposed by a leaked diplomatic cable released by wikileaks in 2008 as having worked as a mole for the U.S. State Department since 2006. They referred to him as "Our Ukraine insider" and much of the cable referred to information that he was providing. (A separate cable showed that the U.S. knew Poroshenko was corrupt even at that point.)

Having a puppet in place however hasn't turned out to be enough to give Washington the upper hand in this crisis. What does Washington do when they have no other leverage? They impose sanctions, they demonize and they saber rattle (or pull a false flag).

This isn't a very good strategy when dealing with Russia. In fact it has already backfired. The sanctions have merely pushed Russia and China into closer cooperation and accelerated Russia's de-dollarization agenda. And in spite of the rhetoric, this has not led to Russia being isolated. The U.S. and NATO have put a wedge between themselves and Russia, but not between Russia and the rest of the world (look up BRICS if you are unclear about this).

Consider the implications here as the Obama administration begins bombing in Syria which also has a mutual defense agreement with Iran.

This is not the cold war 2.0. This is World War 3.0. The masses may not have figured it out yet, but history will remember it that way.

Alliances are already solidifying and and a hot war is underway on multiple fronts. If the provocations and proxy wars continue, it's only a matter of time before the big players confront each other directly, and that is a recipe for disaster.

Does all of this sound insane to you? Well you're right. The people running the world right now are insane, and the public is sleep walking into a tragedy.

October 19, 2014 at 4:42 PM
Anonymous said...

Despite the fact that he was taken away from us, from this earth about three years ago on this very day by the world biggest gangsters, United States and her Nato allies, we still consider and will always consider this great son of Africa; Muammar Gaddafi a worthy HERO!!!

The enemies can kill the revolutionary but not the legacies!!!
Despite the fact that he was taken away from us, from this earth about three years ago on this very day by the world biggest gangsters, United States and her Nato allies, we still consider and will always consider this great son of Africa; Muammar Gaddafi a worthy HERO!!! The enemies can kill the revolutionary but not the legacies!!!

October 22, 2014 at 3:21 PM

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