Category Petro-Dollars

Apr 10 2022

BRICS Ministers of Finance Hold a Meeting – It Is Time to Replace Western Financial Trade Mechanisms and Remove The Dollar


Posted originally on the conservative tree house April 9, 2022 

This is not some grand conspiracy, ‘out there‘ deep geopolitical possibility, or foreboding likelihood as an outcome of short-sighted western emotion.  No, this is just a predictable outcome from western created events that pushed specific countries to a natural conclusion based on their best interests.

You can debate the motives of the western leaders who structured the sanctions against Russia, and whether they knew the outcome would happen as a consequence of their effort, but the outcome was never really in doubt.  Personally, I believe this outcome is what the west intended. The people inside the World Economic Forum are not stupid – ideological, yes, but not stupid. They knew this would happen.

[Left to Right] Xi Jinping (China), Vladimir Putin (Russia), Jair Bolsonaro (Brazil), Narendra Modi (India) and Cyril Ramaphosa (South Africa), the BRICS group.

The finance ministers of the BRICS alliance (Brazil, Russia, India, China and South Africa) have decided to create their own financial mechanisms to continue trade between nations of similar disposition.  Once the internal issues inside the BRICS alliance are resolved, and once the mechanisms are created, then other nations will be able to decide to join or not.  The great global cleaving will commence.

(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday.

[…] On Friday, Finance Minister Anton Siluanov told a ministerial meeting with BRICS, which consists of Brazil, Russia, India, China and South Africa, that the global economic situation had worsened substantially due to the sanctions, the ministry’s statement said.

The new sanctions also destroy the foundation of the existing international monetary and financial system based on the U.S. dollar, Siluanov said.

“This pushes us to the need to speed up work in the following areas: the use of national currencies for export-import operations, the integration of payment systems and cards, our own financial messaging system and the creation of an independent BRICS rating agency,” Siluanov said.

International payment cards Visa and MasterCard suspended operations in Russia in early March and Russia’s biggest banks have lost access to the SWIFT global banking messaging system.

Russia set up its own banking messaging system, known as SPFS, as an alternative to SWIFT. Its own card payment system MIR began operating in 2015.

[…] They were part of Moscow’s efforts to develop homegrown financial tools to mirror Western ones, to protect the country in case penalties against Moscow were broadened.

The finance ministry said BRICS ministers have confirmed the importance of cooperation in efforts to stabilise the current economic situation.

“The current crisis is man-made, and the BRICS countries have all necessary tools to mitigate its consequences for their economies and the global economy as a whole,” Siluanov said. (link)

For a deep dive on BRICS, as predicted by CTH, {SEE HERE}.  The bottom line is – the 2022 punitive economic and financial sanctions by the western nations’ alliance against Russia was exactly the reason why BRICS assembled in the first place.

The multinational corporate control of government is exactly what the BRICS assembly foresaw when they first assembled during the Obama administration.  When multinational corporations run the policy of western government, there is going to be a problem.

In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.

BRICS leaders are aligned as anti-corporatist.  That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want corporations to become more powerful than they are.  As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.

The countries run by multinational corporations are in Yellow, the countries who have not yet chosen a side are in GREY:

The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency.  Perhaps many nations will use both financial mechanisms depending on their need.

The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’

Apr 4 2022

The Myth of Green Energy


Published originally on Rumple by Energycademy  on January 31, 2022

This video looks at the official definition of green energy and critically examines how well solar and wind energy, two of the most popular form of green energy, match the official definition.

#greenenergy #solarenergy #windenergy #cleanenergy

Apr 3 2022

Biden – Inflation – Risk to National Security


Armstrong Economics Blog/Opinion Re-Posted Apr 3, 2022 by Martin Armstrong

QUESTION: Hi Martin,
What do you think banks will do with mortgages if we continue experiencing high inflation and/or hyperinflation? Do you think we might be able to pay off a mortgage with gold if things get bad enough?

Marc

ANSWER: No! The contract is in dollars and that cannot be altered. There won’t be hyper-inflation for that takes place when the CONFIDENCE in government completely collapses. The shallow analysis of even the German Hyperinflation has created such a myth that inflation is the result of an increase in the money supply – WRONG!!!!!!

To set the record straight, the hyperinflation followed the Weimar Republic’s FORCED LOAN in December 1922 when they seized 10% of everyone’s assets and gave you a bond you can buy on Ebay. Once that took place, people would no longer accept German currency and exchanged everything for foreign currencies, art, rare coins, stamps, and real estate.

In 1925, when Germany had to issue a new currency, it was backed NOT by gold, but by real estate. The same human response took place in Zimbabwe and even Japan because the emperors would devalue the outstanding money supply to 10% of what it was valued out and issued their own coins at the new value. The people refused to accept Japanese coins turning to Chinese and bags of rice. Japan lost the ability to issue coinage for 600 years.

This inflation is NOT based on printing money. This inflation is based upon shortages of goods. The source is very different and this is not going to end well. Biden’s sanctions have undermined the entire world supply chain. We are all connected and that includes Russia and China.

To create even more deliberate chaos, the Biden Administration is now out to impose trade restrictions on China as well. U.S. Trade Representative Katherine Tai is advocating a dramatic change in the United States’s relationship with China. The Biden White House has concluded that trade with China should be altered to be a defensive economic posture rather than continuing under the Phase One trade deal brokered between the Trump administration and Beijing. Like everything else, whatever Trump did, Biden is going out of his way to reverse it.

This will only further increase inflation right into 2024 and destroying the world economy removes any incentive to work together. Once Biden destroys the economic foundation ties with China all to put pressure on the World Economic Forum’s Great Reset, it looks like all-out World War III will unfold after 2024. Biden and his entire family have been bought and paid for. I find it outrageous that the Democrats demand Justice Thomas recuse himself because of comments of his wife, yet Biden is perfectly fine dealing with China and Russia when they have poured millions into his family’s pockets.

Biden seriously needs to be REMOVED from office as a matter of National Security.

Apr 2 2022

Planet Lockdown – Full Interviews Available


Armstrong Economics Blog/Armstrong in the Media Re-Posted Apr 2, 2022 by Martin Armstrong

Planet Lockdown has released the full interviews from their documentary, including the ones that did not make the final documentary. Click here to view the full interviews (translations available in numerous languages).

Additionally, the producers have made the film available free of charge. Click here to view the full documentary (translations available in numerous languages as well).

Apr 2 2022

Hope for Humanity


Armstrong Economics Blog/ECM Re-Posted Apr 1, 2022 by Martin Armstrong

QUESTION: Is there any hope for the future? Between war, digital currency, authoritarianism, and financial collapse, it doesn’t seem like there is much hope for our children. Please let us know what Socrates says, is everyone doomed? Is there anywhere our children can go to escape this madness?

B

ANSWER: Yes! I know this can sound depressing, but this grand scheme to alter the world will fail. What lies ahead is not all dark and gloom. The clouds will part and the sun will shine. This is not the END of civilization; it is the next cycle of civilization. It will be up to us to reshape society, for we will see all these Republican forms of government collapse just as the Roman Republic collapsed. Our computer has never been wong in these broad political forecasts.

This current wave began with the Plaza Accord and the formation of the G5 – now G20 in August 1985. Tokyo Crashed on the first wave in 1989.95, SE Asia peaked in 1994.25, then Russia crashed in 1998.55, 2002.85 began the real estate rally that peaked in 2007.15, which was the precise day of the high of the Shiller Real Estate Index. Then 2011.45 marked the high in gold, and 2015.75 was the very day Russia came to the aid of Syria. Trump was sworn in on the precise day of Pi 2017.05, and 2020.05 marked the start of the COVID scheme, the rise in civil unrest globally, and the commodity boom as we head into 2024.35. Putin’s term will be up in 2024, and it is propaganda that he is the madman threat — he is the only one with common sense. Remove Putin and you will find the Russian Neocons who could come to power in 2024, and that would bring direct confrontation with the West into 2028 in the face of a Russia-China alliance.

It will be up to us to create not a new Bretton Woods, as Schwab wants to hand all power to the United Nations, but to push for a real direct Democracy and end these corrupt Republics. These people in government call themselves Honorable when in fact they use their families for all the corruption as is surfacing from the Laptop from Hell. A Congressman cannot be on the board of a private company, so their spouse or children do that like Hunter Biden. They create their Foundations like the Clintons and John McCain and tell people to pour millions into there, and then they live off of the perks. They also get to keep all money donated to them for elections that they did not spend – tax-free. I have been to political “dinners” where everything is there but as long as we stand, it is not a “dinner” for it is illegal to buy a politician dinner. It is always a dog & pony show.

In the end, no government has EVER survived. This is our turn to become the Founding Fathers for generations to follow.

Apr 1 2022

White House Ignores Inflation


Armstrong Economics Blog/Inflation Re-Posted Apr 1, 2022 by Martin Armstrong

No one expected the recent 25-basis point rise in rates to curb inflation in a meaningful way. There are numerous variables contributing to this situation that are simply out of the Fed’s control at this point. The personal consumption expenditure price index (PCE) rose 5.4% in March on an annual basis. That is the most significant leap since April of 1983. Headline PCE spiked 6.4%, the fastest pace since January 1982, as gas and food costs are on the rise.

Consumer spending, accounting for over two-thirds of US GDP, rose by a marginal 0.2%. The plan to destroy America to Build Back Better has caused significant damage to our economy. Visiting the White House website shows that our alleged leaders are still focusing on the agenda of Klaus Schwab rather than the people. In the listed priorities, COVID remains top on the list, followed by climate change. Only the policies surrounding both are harming America rather than the issues themselves. The third priority is racial equity, and down at number four is the economy.

“President Biden will take bold steps to address the inequities in our economy and provide relief to those who are struggling during the COVID-19 pandemic. The President will also work with Congress to pass the American Rescue Plan to change the course of the pandemic, build a bridge towards economic recovery, and invest in racial justice. And, he will build our economy back better from the pandemic and create millions of jobs by strengthening small businesses and investing in the jobs of the future.”

In other words, the Biden Administration is doing absolutely nothing to curb inflation and it is not a top priority. At the time of this writing, there is only one article on the homepage loosely involving inflation: “President Biden’s Plan to Respond to Putin’s Price Hike at the Pump.” They cannot even take responsibility for the damage they alone have caused.

The Federal Reserve admittedly acted too slowly and lost all leverage by artificially lowering rates. Unsettling, but the people in charge are not concerned with the declining living standards for Americans. The focus is on propelling the Great Reset.

Apr 1 2022

One in Five of Americans Broke Before Payday


Armstrong Economics Blog/Inflation Re-Posted Apr 1, 2022 by Martin Armstrong

Inflation is at a 40-year high with no indication of slowing. People are feeling the lower buying power of the USD as one in five Americans now run out of liquid funds before payday, according to a survey by Salary Finance as reported by CNBC. Over three-quarters stated that they have been feeling the effects of inflation this past year. Around 20% of the 3,000 respondents said that they run out of money between paychecks, marking a 15% uptick since 2021.

Around 25% are finding it difficult to afford essential items such as food, gas, and health care. The price of automobiles is at an all-time high due to the chip shortage, and gas prices seem to rise daily. One-third polled cannot afford to put any money toward savings, and those who can likely are contributing less.

Without savings, the possibility of homeownership is out of reach for many. Housing prices increased over 7.02% since 2020, according to the Labor Department, but that is factoring in prices across the board. In reality, any desirable area costs more.

Although wages have increased around 5%, the cost of living surpasses any additional funds. Let’s not forget that taxes have not decreased either and those in charge are continuously planning to spend money on agendas that do not promote the taxpayers’ quality of life. Gone are the days when lower to middle-income Americans could work hard and afford a comfortable life; people are simply trying to stay afloat.

(Fed Chair Powell admitting inflation was no longer “transitory” in November 2021)

Apr 1 2022

International Monetary Fund Warns Russian Sanctions Will Undermine U.S. Dollar Global Dominance as Trade Currency


Posted originally on the conservative tree house on March 31, 2022 

Comrade rebels, the International Monetary Fund’s (IMF) Deputy Managing Director says the sanctions against Russia are likely to undermine the US dollar’s global dominance as a trade currency.

As we have outlined, this is ultimately the counter strategic goal of Russia and Putin’s economic allies.  It’s a feature, not a flaw, in the process that Joe Biden has triggered.

(Inside Paper) – […] “The dollar would remain the major global currency even in that landscape, but fragmentation at a smaller level is certainly quite possible,” Gopinath said in an interview with the Financial Times.  She went on to say that some countries have already begun to renegotiate the currency in which they are paid for trade.

According to Gopinath, the drastic restrictions imposed by Western countries in response to Russia’s military operation in Ukraine may result in the formation of small currency blocs based on trade between individual groups of countries.  Furthermore, the use of currencies other than the dollar or the euro in global trade would result in a further diversification of central banks’ reserve assets. (read more)

This outcome, in combination with the realization the western alliance will also necessarily lose leverage for their climate change goals, is ultimately what triggered the G7 energy ministers to demand that Russia continue using euros and dollars.

The efforts of NATO and the western alliance to crush the Russian currency have failed.  The Russian ruble currency has jumped back from the sanctions and is now even stronger than before the sanctions were put into place.  Now, with demands that Europe pay for oil and gas in rubles, Europe and the western alliance find themselves in a position of vulnerability.

With China and India supporting ongoing trade with Russia, and with Saudi Arabia responding coldly to the U.S. working on a deal with Iran for nuclear weapons, the geopolitical strategy of NATO, G7 and the proverbial western alliance increasingly looks like it will backfire.

Meanwhile, Putin’s domestic favorability within Russia is climbing as the Wall Street Journal noted:

(Wall Street Journal) – President Vladimir Putin’s approval rating in Russia has soared since he launched his invasion of Ukraine on Feb. 24—to 83% from 71% last month—according to independent Russian pollster Levada Center.

Surveys by Levada Center and state-backed pollsters indicate that around two-thirds of Russians back Mr. Putin’s war, which the Kremlin refers to as a special military operation. Experts have cautioned against taking current Russian polls on face value, given that Russian authorities have pursued a crackdown against dissent, including a media blackout of any reports contrary to the Kremlin’s narrative about Russia’s actions in Ukraine.

Mr. Putin’s approval rating had for the past few years hovered in the 60s, according to Levada, which has tracked the longtime Russian leader’s rating since he became prime minister in 1999.

[…] Levada, which was designated a foreign agent by Russian authorities, also found that the percentage of Russians who believe the country is moving in the right direction increased since the war began: 69% of Russians now believe Russia is headed in the right direction, compared with 52% in February and 50% in January, the poll showed. (link)

Who knew fracturing the globalist ‘new world order‘ alliance would be so popular?  Apparently, the timing was perfect.

When you consider the same leaders within the western alliance have been acting as authoritarian dictators for the past two years, with their COVID rules, mandates, fiats and unilateral decrees that undermined the “democratic norms and rule-based order” they claimed to represent, it is not a surprise to see them standing naked to their enemies.

The western leaders have no credibility to stand atop their soapboxes and rail against autocracy when they have been acting like autocratic dictators for the past two years.   Their proclamations are falling on the deaf ears of the citizens they abused.

Embracing tyranny has consequences.

Apr 1 2022

Unified Message From White House and Democrats – Save the Planet, Crush the Middle Class, Eliminate Use of Oil for Energy


Posted originally on the conservative tree house on March 31, 2022 | Sundance

In an effort to take advantage of the energy crisis they have created, the entirety of the Democrat political apparatus is singing in unison.  WATCH these three soundbites from today (30 seconds each):

Democrat Speaker of the House Nancy Pelosi said we can’t let higher gas prices be an “excuse” to produce more American energy…

President Joe Biden’s director of the National Economic Council Brian Deese said we need to do everything we can to reduce and eliminate fossil fuels

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President Joe Biden’s White House Communications Director Kate Bedingfield said fossil fuels are “not sustainable”…

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The federal takeover of healthcare, via Obamacare, was the ‘big move in Obama’s first term’.

The federal takeover of all energy production and delivery, via climate change ideology, is the ‘big move in Obama’s third term.’

Apr 1 2022

Biden Announces Plan to Lower Gasoline Cost, Release 1 Million Barrels of Oil Per Day for Next Six Months From Strategic Petroleum Reserve


Posted originally on the conservative tree house on March 31, 2022 

The White House occupant took to the literal stage today to gaslight the American people and state it is not his energy policy that has created massive increases in gas prices.  Instead, chief of staff Ron Klain has convinced the puppet to claim Vladimir Putin is to blame for the increase in oil costs.

The manipulative effort to distract the nation from his energy and economic policy outcomes is brazen. However, like most things recently, the blame-casting is likely to be believed by approximately 25% of Americans.

In an attempt to slow down the rising price of gasoline, the puppet on the stage-set near the white house, announced a plan to release 1 million barrels of oil from the strategic petroleum reserve every day for the next six months. {Details}

As admitted, the goal is to “bridge the gap.” Unfortunately, most will not recognize exactly what the destination is on the other side of the bridge.

Inflation is a measure of price at a moment in time relative to the same time one year ago.  Ron Klain is trying to keep the tar and feathers away until the White House policy team can cycle through the inflation comparison to the fall of 2022. That’s when the comparison flips to comparing prices to the fall of 2021.

Prices skyrocketed in the last half of 2021. If Ron Klain can keep the electoral torches from reaching the White House until the fall of 2022, the rate of inflation will look better because they will be comparing this year’s high prices to last year’s high prices. The rate of change will lessen; the rate of inflation will look better.  Unfortunately, the high prices will remain – forever.

WATCH (prompted):

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Biden on stage.  Once you see the strings on the marionettes, you can never return to that moment in the performance when you did not see them.