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In 2020 Oil-Exporters’ Income Will Plunge By Over $1 Trillion, Forcing Widespread Stock Liquidations
In 2020 Oil-Exporters’ Income Will Plunge By Over $1 Trillion, Forcing Widespread Stock Liquidations While any other time the plunge of WTI prices into negative territory last Monday would have been the story of the year, the fact that the financial press has already moved on and is focusing on whatever 100-sigma event du jour has hit, […]
The Dying Days Of An Empire
The Dying Days Of An Empire Something’s been nagging me for the past few days, and I’m not sure I’ve figured out why yet. It started when Donald Trump first called off the alleged planned strikes on targets in Iran because they would have cost 150 lives, and then the next day said the US […]
Luke Gromen–Oil Cartel Siding With China Can Destabilize The Petrodollar
LUKE GROMEN – OIL CARTEL SIDING WITH CHINA CAN DESTABILIZE THE PETRODOLLAR SBTV picks the mind of Luke Gromen, founder of Forest For The Trees LLC, about an impending dollar crisis and what likely scenarios can destabilize the petrodollar in the coming years. We also asked him what his ideal monetary system would be if he got […]
The Biggest Threat To Dollar Dominance
The Biggest Threat To Dollar Dominance Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven industry sources. While it may have come as a […]
The Untouchable US-Saudi Relation Is a Core Element of US Imperialism
The Untouchable US-Saudi Relation Is a Core Element of US Imperialism In the last few weeks, numerous articles and analyses have been produced relating to the murder of Jamal Khashoggi in the Saudi consulate in Istanbul. However, the relationship between Saudi Arabia and the United States has not been questioned, and the reason for this has not […]
Chill!
Chill! René Magritte Pandora’s box 1951 They can’t help themselves even as they hurt themselves. Look guys, chill! I saw someone imply on Twitter that Donald Trump is an accomplice in a murder cover-up. This person knows as well as all the ones who liked the tweet that they all just don’t know. They don’t […]
China’s Oil Futures Contract Is Beginning to Show Its Teeth
China’s Oil Futures Contract Is Beginning to Show Its Teeth So far so good. Petrodollar will be showing signs of wear-and-tear in the very near future. We have been documenting the demise of the dollar hegemony for the past several years and the past two years the pace of the demise seems to be moving […]
Trump, Tariffs and Trade Deficits
Trump, Tariffs and Trade Deficits “The Chinese are raping us” and “Canada is killing our farmers”! Such melodramatic claims from Trump resonate with many Americans, because the effects of globalization have been devastating for half the population. To his credit, Trump has been harping on trade deficit for thirty years – he was complaining about […]
Iran Sanctions Threaten The Petrodollar
Iran Sanctions Threaten The Petrodollar One country must be quite pleased with the prospect of new U.S. economic sanctions against Iran’s oil industry, and this country is the largest oil importer in the world, and is Iran’s largest single oil client. When China launched its long-awaited yuan-priced oil futures last month, it did so as […]
Let’s (Not) Make a Deal
Let’s (Not) Make a Deal James McNeill Whistler Nocturne in Black and Gold, the Falling Rocket 1875 Dr. D again. And wait, that deal was never even -legally- signed? Dr. D: I know the U.S. hasn’t followed the law in 100 years, but let’s review the Iran Deal. A “Deal” with a foreign nation is […]
Another Step Towards Collapse of Petrodollar
Another Step Towards Collapse of Petrodollar image/youtube screen grab For the past year and half a major topic throughout the alternative press has been the new Chinese oil futures contract settled/priced in yuan. The fact that China is directly challenging the Federal Reserve Note, U.S. dollar, is quiet a significant change. For those that have […]
UBS: “The Petroyuan Will Undermine America’s Dominant Role And Create A Sea Change In Global Markets”
UBS: “The Petroyuan Will Undermine America’s Dominant Role And Create A Sea Change In Global Markets” From Hayden Briscoe, head of Fixed Income, Asia Pacific at UBS RMB-denominated oil contracts began trading for the first time in Shanghai on March 26. We believe that in the long term this will ultimately change how oil is […]
Things Work Until They Don’t
Things Work Until They Don’t As the world begins its next adventure in financial chaos and rolls over to expose its soft underbelly of lies and deceit that have been perpetrated on the public, those that see the truth have been warning the people once again. You can give people the truth but you cannot make […]
The Road to 2025 (Part 3) – USD Dominated Financial System Will Fall Apart
The Road to 2025 (Part 3) – USD Dominated Financial System Will Fall Apart It’s our currency, but it’s your problem. – U.S. Treasury Secretary John Connelly to European Finance Ministers, 1971 Today’s post will cover a topic that consumed my thoughts for many years, but one I haven’t discussed much lately. Namely, the terminal […]
The yuan-oil future and gold
The yuan-oil future and gold “There can be little doubt that the introduction of the yuan-denominated oil future has been a major strategic step for China.” Regular readers of Goldmoney’s research will be aware that we were among the first to alert western financial markets that China would introduce a new oil futures contract priced […]
