Category Archives: MONEY

Money is an alien weapon whose purpose is to enslave us. Soon to be obsolete!

War on Cash 2.0 — Visa Now Paying Businesses to Stop Taking Cash

(Matt Agorist) According to the most recent data, Visa — which is mostly owned by banks–accounts for over 50 percent of all credit card transactions and 70 percent of all debit card transactions in the world.

Source: http://ift.tt/2uzI5ag

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FULL REPORT: Out Of 20 G20 Leaders 19 Are Fraud Endorsing Bankster Slaves – weekly Geo-political News And Analysis Message From Benjamin Fulford

Last weekend’s G20 meeting of so-called world leaders was very revealing because 19 out of 20 of them publicly endorsed the fraud based global warming scam known as the Paris accords. This happened despite the fact carbon-based global warming is being proved both legally and scientifically to be a fraud.

Michael Mann, the author of the global warming “hockey stick” graph that is used by the UN endorsed IPCC is facing a jail sentence after refusing a judge’s request to show how he got the data to back his claims the world is rapidly warming. Meanwhile, another scientific study showed that almost all the warming recorded in recent years is the result of the temperature data being raised after it was measured.


http://principia-scientific.org/breaking-fatal-courtroom-act-ruins-michael-hockey-stick-mann/

Planet Earth in flames, Global warming concept. Elements of this image furnished by NASA (Shutterstock/Martin Capek)
http://dailycaller.com/2017/07/05/exclusive-study-finds-temperature-adjustments-account-for-nearly-all-of-the-warming-in-climate-data/

By ignoring facts and pushing the Rothschild backed global warming fraud, both Chinese President Xi Jinping and Russian President Vladimir Putin proved they were Rothschild lackeys. The only leader who has publicly renounced the global warming fraud is US President Donald Trump and that is why Khazarian mafia controlled media portray him as isolated.

However, things are changing at a deeper level, according to CIA, Pentagon and other sources. The military and intelligence apparatuses of Russia, the United States and China are all cooperating despite any hostile posturing by these countries’ respective politicians, the sources say.

This may be why Pope Francis felt the need to call up a journalist last week to issue the following statement:

“I am afraid there are very dangerous alliances between powers who have a distorted view of the world: America and Russia, China and North Korea, Russia and Assad in the war in Syria.”


http://www.cnsnews.com/news/article/cnsnewscom-staff/pope-francis-says-america-has-distorted-vision-world

Remember it was Pope Francis who handed Trump a 260 page document endorsing the climate change fraud when they met in May.

The other thing to note is that the G20 is calling for world governance centered on the IMF. Please recall that the head of the IMF is not selected by the people of the planet but rather by the same Khazarian bloodline group that selects the head of the UN, the World Bank etc. Remember, the IMF and its backers have been erecting gates to the temple of Baal otherwise known as Satan, at their meetings.

Note that the “very dangerous alliance” the Pope is referring to includes Russia, China, the US, North Korea and Syria. These countries are all moving away from bloodline control even though Russia still has a Rothschild figurehead president. Actual Russian sources this writer has contacted, though, all agree it is the Russian Orthodox Church and not Putin that runs Russia.

Pope Francis probably means well but he is deluded if he thinks a P2 Freemason selected person like Marco Di Mauro is going to be anointed the leader of a bloodline controlled world government.
In any case, Francis is being roiled by yet another Vatican scandal, in this case a drug fueled gay orgy that was busted by the police after neighbours complained about the noise. This could lead to yet another Cardinal being fired, CIA sources say.

The Pope should be concentrating more of his efforts on fighting the very real threat of Satanists who were, until recently, on the brink of taking over the world. Yet another former Satanist has come forward with testimony about large scale human sacrifice and other atrocities carried out by these people. This nine minute clip makes for very disturbing listening but it is definitely a call to action.

https://www.youtube.com/watch?v=8blKWWWTJio

Action is, of course, being taken. The latest was Germany’s announcement last week that it broke up a pedophile ring that involved 87,000 people. You can be sure many of the people doing child sacrifices were scooped up in that bust.

In the US as well the final clean-up of the Khazarians continues. In the latest, former President Barack Obama’s attorney general Loretta Lynch has been giving detailed testimony about the crimes of her former Clinton/Bush bosses, CIA and other sources say. As a result Barack Obama sought political asylum in Indonesia last week but was denied it, according to White Dragon Society Sources in Indonesia. CIA sources in Europe confirm this and say Obama is going to have to go back to the US in order to be debriefed on who really controlled his presidency. Recall that when Obama was first elected he kept saying “thank you Satan” in reverse speech.

https://www.youtube.com/watch?v=LS53I-k_T4o

Speaking about Obama, the 40 second video clip below shows clearly how different his personal chemistry with Russia’s Vladimir Putin was from Trump and Putin’s chemistry.

https://mainerepublicemailalert.com/2017/07/08/can-you-tell-the-difference/

Pentagon sources say the change in chemistry reflects a Trump regime campaign to seduce Russia into joining it in an alliance against Chinese and Khazarian control.

“In a smack down of the cabal and the deep state, political novice Trump was ‘honored’ to meet with elder statesman Putin where Putin’s plan to make Russia great again with symphony of church and state will no doubt be the blueprint for Trump to make America great again,” the Pentagon sources say.
“Trump emerges as defender of Western civilization from Judaic [Satanic] destruction, and he is ably assisted by Putin and the Pope to form a super-Christian bloc to contain China and holocaust the global Jewish mafia,” one Pentagon source says.

The WDS makes it clear there is to be no collective punishment and the only people who are being targeted are the ones who have been engaged in mass murder through biological weapons, nuclear terror, human sacrifice, illegal war etc.

However, it is clear the Trump administration represents a generalized backlash against Khazarian control that could spiral out of control into an attack on Jews in general. On his trip to Poland Trump refused visit the Jewish Warsaw Ghetto monument. In his speech in Poland when Trump mentioned threats from inside and from the South and the East he was referring to Saudi Arabia, Israel and its 5th column in the USA, the Pentagon sources say.

Also, the Neocons H.R, McMaster and Jared Kushner were blocked from attending the meeting between Trump and Secretary of State Rex Tillerson with their counterparts Putin and Russian Foreign Minister Sergei Lavrov. At the meeting the US pushed for a restoration of US/Russian ties to counter China, according to the Pentagon. The Americans also proposed a Russian/US “cyber security unit aimed to prevent Israeli, Chinese hacking, e-hijacking, and other cyber-attacks,” the sources say.
Russian sources, for their part, continue to say they are wary of the sudden US friendliness because of the long history of US aggression against Russia. The Russians say they are against forming opposing blocs and prefer a world where everybody is friendly.
Nonetheless, recent Chinese aggressive moves against India clearly seem to have backfired against China.
“Russia is very concerned about Chinese aggression in the South China Sea and the Indian subcontinent, which is why the Vietnamese Prime Minister was invited to the G20,” the Pentagon sources say. The US navy for its part sent a message with joint naval exercises with Japan and India recently.
The Chinese now appear to have backed off following a meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi on the sidelines of the G20.


http://www.scmp.com/news/china/diplomacy-defence/article/2101742/chinas-xi-jinping-and-indias-narendra-modi-meet-g20
Another interesting thing to note about the G20 is that Saudi King “Salman and warrior prince Mohammed Bin Salma were declared persona non grata at the G20 for being a proxy for Israel,” the Pentagon sources say. They say Qatar is on the winning side in its dispute with Saudi Arabia and that deposed crown prince Nayef may still be reinstated.
Japanese Prime Minister Shinzo Abe, for his part, was offering bribes in exchange for protection at the G20, according to Japanese right wing sources close to the Emperor. Abe’s party suffered a crushing defeat at recent Tokyo municipal elections and is likely to be forced to hold elections this year where it will be routed from national politics, the sources say.
What is undeniable is that there is a major split at the top of the Japanese power structure. This is reflected in opinion polls in Japan’s newspapers where the right wing national Sankei newspaper shows support for Abe at 86% while the left-leaning Asahi Newspaper shows his support at 14%. The centrist regional Tokyo Shinbum Newspaper shows his support at only 5%. The following link is in Japanese but the percentage signs show the incredible gaps in newspaper opinion polls.


https://news.yahoo.co.jp/byline/yoneshigekatsuhiro/20170620-00072316/
Japanese right wing sources say the nationalist Tanaka faction is gearing up for regime change in Japan and that this will result in the removal of Korean proxies who have been sub-contracting the rule of Japan for the Khazarians since the end of World War II.
The fact that Abe was setting up a massive chemical and biological warfare research center disguised as the Kake Gakuin Veterinary College has exposed him and his regime as genocidal war criminals. Several right wing sources have called to inform this writer that Abe was not expected to live more than three months.
Meanwhile as the warmongers are removed from power around the world, signs of a construction boom are emerging. WDS sources in Indonesia say the Indonesian government is planning to build a new capital to replace the overcrowded and sinking city of Jakarta.


https://www.indonesia-investments.com/news/news-columns/will-indonesia-move-the-capital-away-from-jakarta-java-island/item7957
The Japanese underworld, for its part, is looking forward to a bonanza as the Chinese government prepares to move many capital functions to a new city 150 kilometers from Beijing. A Japanese underworld boss says Japanese companies are getting lucrative contracts for the waste disposal and other environmental work on the new capital because the Chinese want Japan’s know how on how to create clean mega-cities. Sh#t happens and somebody’s got to clean it up.
Once Khazarian rule ends in Japan, Israel, Saudi Arabia and the Ukraine, the world will be ready to enter a new golden age.

Source: Out of 20 G20 leaders 19 are fraud endorsing bankster slaves

Out Of 20 G20 Leaders 19 Are Fraud Endorsing Bankster Slaves – weekly Geo-political News And Analysis Message From Benjamin Fulford

Last weekend’s G20 meeting of so-called world leaders was very revealing because 19 out of 20 of them publicly endorsed the fraud based global warming scam known as the Paris accords. This happened despite the fact carbon-based global warming is being proved both legally and scientifically to be a fraud.

Michael Mann, the author of the global warming “hockey stick” graph that is used by the UN endorsed IPCC is facing a jail sentence after refusing a judge’s request to show how he got the data to back his claims the world is rapidly warming. Meanwhile, another scientific study showed that almost all the warming recorded in recent years is the result of the temperature data being raised after it was measured.


http://principia-scientific.org/breaking-fatal-courtroom-act-ruins-michael-hockey-stick-mann/

Planet Earth in flames, Global warming concept. Elements of this image furnished by NASA (Shutterstock/Martin Capek)
http://dailycaller.com/2017/07/05/exclusive-study-finds-temperature-adjustments-account-for-nearly-all-of-the-warming-in-climate-data/

By ignoring facts and pushing the Rothschild backed global warming fraud, both Chinese President Xi Jinping and Russian President Vladimir Putin proved they were Rothschild lackeys. The only leader who has publicly renounced the global warming fraud is US President Donald Trump and that is why Khazarian mafia controlled media portray him as isolated.

However, things are changing at a deeper level, according to CIA, Pentagon and other sources. The military and intelligence apparatuses of Russia, the United States and China are all cooperating despite any hostile posturing by these countries’ respective politicians, the sources say.

This may be why Pope Francis felt the need to call up a journalist last week to issue the following statement:

“I am afraid there are very dangerous alliances between powers who have a distorted view of the world: America and Russia, China and North Korea, Russia and Assad in the war in Syria.”


http://www.cnsnews.com/news/article/cnsnewscom-staff/pope-francis-says-america-has-distorted-vision-world

Remember it was Pope Francis who handed Trump a 260 page document endorsing the climate change fraud when they met in May.

The other thing to note is that the G20 is calling for world governance centered on the IMF. Please recall that the head of the IMF is not selected by the people of the planet but rather by the same Khazarian bloodline group that selects the head of the UN, the World Bank etc. Remember, the IMF and its backers have been erecting gates to the temple of Baal otherwise known as Satan, at their meetings.

Note that the “very dangerous alliance” the Pope is referring to includes Russia, China, the US, North Korea and Syria. These countries are all moving away from bloodline control even though Russia still has a Rothschild figurehead president. Actual Russian sources this writer has contacted, though, all agree it is the Russian Orthodox Church and not Putin that runs Russia.

Pope Francis probably means well but he is deluded if he thinks a P2 Freemason selected person like Marco Di Mauro is going to be anointed the leader of a bloodline controlled world government.
In any case, Francis is being roiled by yet another Vatican scandal, in this case a drug fueled gay orgy that was busted by the police after neighbours complained about the noise. This could lead to yet another Cardinal being fired, CIA sources say.

The Pope should be concentrating more of his efforts on fighting the very real threat of Satanists who were, until recently, on the brink of taking over the world. Yet another former Satanist has come forward with testimony about large scale human sacrifice and other atrocities carried out by these people. This nine minute clip makes for very disturbing listening but it is definitely a call to action.

https://www.youtube.com/watch?v=8blKWWWTJio

Action is, of course, being taken. The latest was Germany’s announcement last week that it broke up a pedophile ring that involved 87,000 people. You can be sure many of the people doing child sacrifices were scooped up in that bust.

In the US as well the final clean-up of the Khazarians continues. In the latest, former President Barack Obama’s attorney general Loretta Lynch has been giving detailed testimony about the crimes of her former Clinton/Bush bosses, CIA and other sources say. As a result Barack Obama sought political asylum in Indonesia last week but was denied it, according to White Dragon Society Sources in Indonesia. CIA sources in Europe confirm this and say Obama is going to have to go back to the US in order to be debriefed on who really controlled his presidency. Recall that when Obama was first elected he kept saying “thank you Satan” in reverse speech.

https://www.youtube.com/watch?v=LS53I-k_T4o

Speaking about Obama, the 40 second video clip below shows clearly how different his personal chemistry with Russia’s Vladimir Putin was from Trump and Putin’s chemistry.

https://mainerepublicemailalert.com/2017/07/08/can-you-tell-the-difference/

Pentagon sources say the change in chemistry reflects a Trump regime campaign to seduce Russia into joining it in an alliance against Chinese and Khazarian control.

“In a smack down of the cabal and the deep state, political novice Trump was ‘honored’ to meet with elder statesman Putin where Putin’s plan to make Russia great again with symphony of church and state will no doubt be the blueprint for Trump to make America great again,” the Pentagon sources say.
“Trump emerges as defender of Western civilization from Judaic [Satanic] destruction, and he is ably assisted by Putin and the Pope to form a super-Christian bloc to contain China and holocaust the global Jewish mafia,” one Pentagon source says.

The WDS makes it clear there is to be no collective punishment and the only people who are being targeted are the ones who have been engaged in mass murder through biological weapons, nuclear terror, human sacrifice, illegal war etc.

However, it is clear the Trump administration represents a generalized backlash against Khazarian control that could spiral out of control into an attack on Jews in general. On his trip to Poland Trump refused visit the Jewish Warsaw Ghetto monument. In his speech in Poland when Trump mentioned threats from inside and from the South and the East he was referring to Saudi Arabia, Israel and its 5th column in the USA, the Pentagon sources say…

Source: Out of 20 G20 leaders 19 are fraud endorsing bankster slaves

Enter The NatGas Cartel – Jim Willie

Wednesday, 5 July 2017 By Jim Willie CB

The King Dollar is mortally wounded. Many notice but the masses seem largely unaware. Since 1971, the Gold Standard has been removed from its anchor position. But since 1973, the Petro-Dollar has taken its place. It has called for crude oil sales led by the Saudis and OPEC to be transacted in USDollar terms, for oil surpluses to be stored in USTreasury Bonds, and for some kickbacks from the Saudis to the USMilitary complex for weapons purchases. Of course, the US is ready willing and able to create strife and to foment wars whereby the Arab oil monarchs will need more weapons. Since 2014, many events have pointed to the crippled condition of the important link between the USDollar and crude oil. The price has plunged by 50% of more, and not recovered. It is currently lurching in the nether bounds near the $45 level. Anything less than $65 to $70 per barrel is very dangerous for keeping the oil sovereigns afloat and for keeping the US energy sector solvent. Witness the Wall Street banks having tremendous problems with impaired bonds and toxic energy portfolios. They seem not resolvable. They cannot keep the oil price over $50, a sign of their impotence.

 

Not enough financial analysts connect the new normal of a much lower crude oil price with the eventual vanishing act of the Petro-Dollar. The Wall Street banks are deeply exposed on their entire energy portfolios, which include both bonds and commercial loans. Tens of $billions will have to be written off as loss, beyond the $billions already declared as losses. These corrupt banks have worked their magic to lift the oil price above the $50 level, but failed. They worked the task for over a year, but failed. They need an oil price over $60, but failed. The Saudis did not help the cause, by their ongoing extra output to finance their filthy Yemen War. The Saudis earned the anger of their OPEC partners, especially the Gulf Arab allies. The Wall Street banks deeply resent the Saudis for this deed, but the USMilitary complex loves the Saudis. The other Arab oil producers also harbor consider rancor toward the Saudis, who really have no friends in the entire Persian Gulf region. They are so worthy of a palace coup, which would bring clamors of rejoicing in many corners of the West if it were to occur. The day might be close.

 

The Saudi warrior prince just made more enemies in-house with the push to become crown prince. The dozens of half-brothers will plot against him. Many analysts believe an internal collapse in Saudi-land cannot occur, due to control by the royals of the key factions like the military and religious center. Keep in mind that bankruptcy has a way of sweeping factions aside. A failed ARAMCO stock deal could trigger some internal battles, and reveal the bankruptcy in addition to the lies on national oil reserve wealth. The kingdom’s bankruptcy could become a major topic soon, as the Jackass has been harping on. Be on the lookout for a strange suspicious death event for the king, which could trigger violent episodes from rival half-brothers, many of whom have had their families cut out of wealth distribution (confiscation) for decades.

 

PETRO-DOLLAR IS DEAD

The Petro-Dollar is a dead standard. The important functional parts, such as the derivative machinery, have been dismantled over the last four years. A key hint on the massive rift between the US and Saudis was the contrived legal prosecution cases with the big Swiss banks. It seems the Swiss simply bent over and took it in the rear flank from the Washington NeoCon criminals. No precedent exists for the USGovt to sack control of a sovereign nation’s big banks like what happened with UBS and Credit Suisse. Pay no heed to the formal charges of tax evasion and Iran sanction violations. These were pretexts for stealing the Arab gold in Swiss bullion banks. Notice that a year later, the Saudis worked to move hidden gold hoards into the safe confines of Deutsche Bank. The threads are complex, since the Qataris pulled their funds out of D-Bank, thus rendering it more exposed. Some of the most convincing evidence of a dead defunct Petro-Dollar is the multiple fronts of war to defend the USDollar. Back in 2005, the Jackass wrote often about how in several years the King Dollar will be defended by war. It is here…

Source: Enter The NatGas Cartel

FULL REPORT: Clean up of Khazarian filth continues in US Japan and elsewhere

A comprehensive take-down of the Khazarian mafia continues around the world. The biggest developments were at the top ranks of the Vatican where the Vatican Finance Minister and Number 3 honcho, Australian Cardinal George Pell was suspended after being indicted for child rapes. As a result “the pedos are in full panic mode,” Pentagon officials say. Francis also removed another top honcho, Cardinal Gerhard Mueller, from his post has head of Doctrine and replaced him with a moderate.

The suspension of Pell as Finance Minister is almost certainly related to the goings on at Bougaineville and Papua New Guinea, areas under Australian control, and therefore Pell’s bailiwick, White Dragon Society sources say. The revelation that only about 3% of the money from minerals being extracted in PNG is going to the locals completely contradicts Pope Francis’s vow the turn the Catholic Church into a “poor church for the poor.”

The WDS plan to connect the gold in Bougaineville to crypto-currencies, with US and Russian military backing, and thus completely by-pass the existing Vatican and Khazarian mafia controlled financial system must have added urgency to the Vatican’s moves to remove Cardinal Pell.

The removal of the German Mueller, who was seen by many as the head of the resistance to Pope Francis’s moves to make the church more easy-going, is also a significant defeat for the Khazarian mafia and their proxies, P2 Freemason sources say. This removal is probably going to affect what happens with the Knights of Malta, where a German/British split has been papered over leading to a stalemate at the top of the most important military spiritual order in the West. This in turn will affect how the US military industrial complex is run.

In other words, the fanatical faction that still wants to start World War 3 has lost its most senior backers, WDS sources say.

Another other big development last week was the arrival of the aircraft USS Bush in Israel. The Mossad site DEBKA expressed confusion about the arrival of the carrier because it apparently was not there attack either Iran or Syria.

http://www.debka.com/article/26124/Who-Is-the-Bush-carrier-meant-to-deter-Not-Iran

In fact, Pentagon sources say, the arrival of the carrier in Israel is a “blunt message that

the US and Russia may impose an air-sea blockade if authorized by the United Nations Security Council to force a peace deal and a return of the Golan [Heights to Syria].”
Already Iranian, Russian and Hezbollah troops are at the Israeli border and now, instead of coming to protect Israel, it seems the US military is working with its enemies to finally put that rogue state in its place.

Saudi Arabia’s ruling Saud family, having come out of the closet as being Khazarian Satanists and not Muslims, are also going to be forced to cease and desist their trouble-making now that they are isolated from the rest of the Muslim world. This is why the Saudi/Israeli/Daesh mercenary proxy army is melting away.

The Chinese are adding to the pressure by insisting that the Saudis stop selling their oil to them in Khazarian controlled so-called US dollars. The Saudis will soon have no choice but to abandon the petrodollar, CIA and Pentagon sources agree.

Yet a third huge development last week came in Japan where the long ruling Liberal Democratic Party experienced a historical defeat in Tokyo Prefectural elections.

Here Governor Yuriko Koike and the Buddhist Lay Organization Sokka Gakkai supported Komeito Party scored a huge upset win, getting 79 seats in the 127 seat assembly while the LDP fell to 23 seats from a previous 57.

This loss means the Khazarian slave government of Prime Minister Shinzo Abe, and the LDP are going to face a similar demolition in national elections that will probably be held soon as a result of this defeat in Tokyo, Japanese right wing sources say. This means Japan’s post-war slave regime, run mostly by Koreans pretending to be Japanese, is finally ending.

A similar current could be detected in the Korean Peninsula with a South Korean offer of a peace treaty to North Korea making it likely the artificial division of that peninsula will also end soon.

http://timesofindia.indiatimes.com/world/rest-of-world/south-korea-to-offer-peace-treaty-to-north/articleshow/59367352.cms

In the US, meanwhile, the New York Times, CNN and other Khazarian controlled propaganda outlets are being forced to issue corrections and fire staff as their outright lying and propaganda is exposed.
CIA sources say the removal of Khazarian filth from the US power structure is nearly complete and that is why changes are now being seen in Asia.

Also the US military is moving to create a space corps while President Donald Trump has signed an executive order to resurrect the National Space Council. This is a possible sign the US military industrial complex is finally getting ready for the disclosure that secret space program advocates have long been calling for.

These big sea-changes are coming before what is expected to be a key G20 summit meeting takes place in Hamburg, Germany July 7th and 8th.

In the run up we see some serious jostling between China and the US where some high tension is arising. Most importantly, Pentagon sources hint they shot down a Chinese satellite last week.

https://www.nasaspaceflight.com/2017/07/long-march-5-lofts-shijian-18/

The other moves showing the honeymoon between Chinese President Xi Jinping and Donald Trump was ending were a US deal to sell arms to Taiwan, US sanctions against a Chinese bank, tariffs on steel and other items and the dispatch of a destroyer to the Paracel Islands in the South China Sea, Pentagon sources note.

The Chinese are not taking all this lying down and have sent warships and fighter planes to confront the US destroyer. Also there can be no doubt that China took symbolic military action against India last week just as Indian Prime Minister Narendra Modi was meeting with Trump. The Chinese have previously told their US counterparts they had the technical capability to overrun India within two months, if necessary.

It looks like Russia is going to have the role of referee between China and the US at the upcoming G20 meeting. Trump is scheduled to meet there, for the first time, with his counterpart Vladimir Putin and Pentagon sources say his mandate will be to end the Russia/US spat being engineered by the Khazarians in the US.

Russian White Dragon Society sources say past US actions have left the Russians profoundly distrustful of the Americans. However, as Russian Foreign Minister Sergei Lavrov and other Russian officials have repeatedly stated, the Russians favour a harmonious world system not dominated by a single power.

To that end, in something that slipped under this writer’s radar, a series of top world religious leaders issued a joint appeal on June 14th for the people of the world to unite and make friends across religious boundaries.

http://iqra.ca/2017/worlds-religious-leaders-unite-to-issue-an-urgent-message-to-humanity/

Source: Clean up of Khazarian filth continues in US Japan and elsewhere

Jim Willie Golden Jackass Qatar Saudi Arabia Petrodollar | TF Metals Report

Download Podcast (Right Click + ‘Save As’)

For your holiday listening pleasure, Jim Willie returns for a comprehensive discussion of the petrodollar and how current events around the Arabian Peninsula are a sign of great distress for this monetary scheme.

Again, what is the “petrodollar”. The idea was championed by Henry Kissinger in 1973 as a way to create ongoing demand for US dollars by maintaining the pricing of crude oil in dollars only. The effects of this were two-fold:

  1. To create constant demand for dollars…dollars which were now completely unhinged from any gold backing…and this demand would soak up any excess supply of new currency being printed in the US for military and social purposes.
  2. To force oil-exporting nations to keep their foreign currency reserves in dollars, thus creating an ongoing demand for US treasury bonds. This constant demand for bonds would help to keep interest rates…and thus the US debt service cost…unnaturally low.

As a result, any threat to this system, whether it has come from Iran, Iraq or Libya has been squashed either politically or militarily over the past 40+ years. The current flare-up of tensions between Saudi Arabia and Qatar must be viewed through this prism and that is the primary topic of this 47-minute discussion.

To that end, please be sure to review these links while you’re listening:

I hope that you find this helpful and informative. Thanks for listening.

TF


Source: Jim Willie Golden Jackass Qatar Saudi Arabia Petrodollar | TF Metals Report