Showing posts with label petrodollar. Show all posts
Showing posts with label petrodollar. Show all posts
Thursday, October 26, 2017
Thursday, September 21, 2017
Wednesday, June 28, 2017
The End of the (Petro)Dollar: What the Federal Reserve Doesn’t Want You to Know
Sovereign nations looking to de-dollarize (for good reason) may want to reconsider (for good reason). The US military industrial complex and the banking cartels which fund the perpetual wars don't look kindly on those attempting to abandon the petrodollar's reserve currency status.
http://theantimedia.org/end-of-petrodollar/
http://theantimedia.org/end-of-petrodollar/
Labels:
end,
Federal Reserve,
petrodollar
Wednesday, February 22, 2017
Saturday, February 11, 2017
Saturday, April 18, 2015
Wednesday, October 29, 2014
Challenging the reserve currency status of the petrodollar appears to be a dangerous business these days.
http://www.caseyresearch.com/articles/proof/total-war-over-the-petrodollar
http://www.caseyresearch.com/articles/proof/total-war-over-the-petrodollar
Labels:
petrodollar,
total,
war
Wednesday, September 10, 2014
Sunday, July 6, 2014
Friday, May 23, 2014
Monday, April 14, 2014
Paul Craig Roberts - 2014 Will Be Year Of Reckoning For U.S.
The death of the USDollar as the global reserve currency, the so-called "petrodollar" 2.0.
First, it was Iran who traded oil for gold. Now Russia. The other BRICS and the Saudis will soon join the party. Our government has sold us out. Welcome to $50/gallon gas and a loaf of bread.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/11_Paul_Craig_Roberts_-_2014_Will_Be_Year_Of_Reckoning_For_U.S..html
First, it was Iran who traded oil for gold. Now Russia. The other BRICS and the Saudis will soon join the party. Our government has sold us out. Welcome to $50/gallon gas and a loaf of bread.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/11_Paul_Craig_Roberts_-_2014_Will_Be_Year_Of_Reckoning_For_U.S..html
Labels:
2014,
Paul Craig Roberts,
petrodollar,
U.S,
Year Of Reckoning
Friday, April 4, 2014
Russia prepares to attack the petrodollar
This inconsequential article in the Russia media spells out a shift with huge geopolitical and monetary impact. The USDollar losing its reserve currency status will affect all Americans in many unpleasant ways.
http://voiceofrussia.com/2014_04_04/Russia-prepares-to-attack-the-petrodollar-2335/
http://voiceofrussia.com/2014_04_04/Russia-prepares-to-attack-the-petrodollar-2335/
Labels:
attack,
petrodollar,
Prepares,
ruble,
Russia
Friday, March 21, 2014
Thursday, August 22, 2013
Wednesday, April 17, 2013
Rise of the PetroYuan
This author correctly assesses the rise of the petroyuan and the resultant decline of the petrodollar, but he doesn't expand on the net effects to US inflation--and the destruction of USDollar purchasing power.
http://www.financialsense.com/contributors/dan-collins/rise-petro-yuan
Labels:
petrodollar,
petroyuan,
rise
Monday, January 23, 2012
China tiptoes to petrodollar recycling
China started bilateral trade agreements two years ago with their major trading partners. Basically, bilateral trade agreement = death of the petrodollar (USDollar) as a reserve currency.
Here's the Cliff Notes version for the impatient: the world will dump USDollars once they find out its true confetti nature. Prices will go through the roof on things we will need. For things we merely want (e.g. second desert homes, powerboats), not so much.
Anybody notice the Chinese aren't participating in the US Treasury bond auctions? Could it be their reserves of $1.6 trillion in US Treasuries are making them a tad bit nervous? But, but wait...US Treasury bonds are the last safe haven, right?
http://blogs.rediff.com/mkbhadrakumar/2012/01/19/china-tiptoes-into-petrodollar-recycling/
Here's the Cliff Notes version for the impatient: the world will dump USDollars once they find out its true confetti nature. Prices will go through the roof on things we will need. For things we merely want (e.g. second desert homes, powerboats), not so much.
Anybody notice the Chinese aren't participating in the US Treasury bond auctions? Could it be their reserves of $1.6 trillion in US Treasuries are making them a tad bit nervous? But, but wait...US Treasury bonds are the last safe haven, right?
http://blogs.rediff.com/mkbhadrakumar/2012/01/19/china-tiptoes-into-petrodollar-recycling/
Labels:
China,
petrodollar
Friday, April 15, 2011
Did The World’s Largest Futures Exchange Enable $200 Oil?
Another nail in the coffin of USDollar hegemony. The answer to the question is "yes."
http://www.zerohedge.com/article/guest-post-did-world%E2%80%99s-largest-futures-exchange-enable-200-oil
http://www.zerohedge.com/article/guest-post-did-world%E2%80%99s-largest-futures-exchange-enable-200-oil
Since most countries rely on oil imports, they are forced to maintain large stockpiles of dollars 2,3,4 in order to continue imports. 5 This creates a consistent demand for US dollars and upwards pressure on the US dollar’s value, regardless of economic conditions in the United States. This in turn allegedly allows the US government to issue currency below cost of currency production (seignorage) and bonds at lower interest rates than they otherwise would be able to.6 As a result the U.S. government can run higher budget deficits at a more sustainable level than can most other countries. A stronger US dollar also means that goods imported into the United States are relatively cheap. It appears to be to the US’ advantage to maintain US dollar hegemony.7
If the denomination of oil sales changes to another currency, such as the euro, many countries would sell dollars and cause the banks to shift their reserves, as they would no longer need dollars to buy oil. 8 Forty years of petrodollars would start to get flushed from central bank reserves. This shift in petrocurrency reserve status would lower the volume and velocity of US dollar recycling and thus weaken the dollar relative to the Euro. The EU would accrue the same benefits from Euro-denominated oil sales that the US.
Labels:
crude oil,
ICE exchange,
petrodollar,
USDollar hegemony
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