If you want to lose reserve currency status for the dollar faster this move is it!👇 https://t.co/ppbixQYnOl pic.twitter.com/XEhvSLEcap
— Edward Dowd (@DowdEdward) January 10, 2024
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A lot of political futures can be secured by 10% of $300 Billion. Joey is always looking out for his fellow politicians, as long as Biden, Inc. gets a cut of the action.
G.R.E.E.D. causes lots of problems.
Jim Willie: The Corporate and Treasury Bond Bubbles Are Bursting
What the lunatics want is war with Russia.
Dangerous, dangerous game they seek to play, Even if Russia has a reserved reaction the rest of the world will see that having dollar assets is a losing hand. When your government is full of corrupt thieves this is what you get.
Yes Bob you got that right. Especially about corrupt thieves. I guess that’s about as close as you can get to describing them. I don’t think there really is a word to accurately describe these demons. I wonder how many people really believe that money will go to Ukraine. Are people that stupid to believe they give a fat $uck about those Ukrainians? They’re getting them killed as fast as they can and on our dime. They’ll take the money and Blackrock will charge the US taxpayer for any reconstruction (if there is any). It’s never enough for these MF’s.
Blackrock= US.Gov………. We paid to reduce the Ukraine to rubble, why should we not get the contracts to rebuild?
When your population is full of corrupt thieves, you get a government like ours.
k31- You are Canadian, right?
Multiple destabilization roads to great reset. This is just one.
Just keep poking that bear. I watched a video about all the artillery rounds Biden wants made and shipped to Ukraine.
They are nuts.
That will be nothing compared to what The United States of Zionism is send to Israel…thousands of the MOTHER OF ALL BOMBS are on they way right now.
(How was those Caps JOSEY WAILING)
In the grand scheme of things, 300 billion is not that much money.
The act of doing it though sets a really bad precedent.
More and more countries (including our “friends”) are beginning to realize that dealing with us is bad Juju.
It is being recognized that this country is flailing about in it’s death throes and soon we will be without friends and trading partners if this shit keeps up. If we lose access to rare earth minerals that will be game over for us going into the future. That is probably the plan to finish us off without a shooting war.
I’m thinking the precedent is not being set but rather somewhere at or near the shark-jumping episode.
The demons tell us all about their “rules based [international] order” constantly now. We see the similar bitter saccharine inversions of the freedom, liberty, and democracy that they use as a means to further limit our freedom, reduce our liberty, and remove what remains of a representative electoral process.
But in reality, all those ships have sailed.
So what we are seeing is what happens when we reach the point when both the projection of violence – and the facades of economic standards that can convince people to enslave themselves, are failing.
All that is left is naked power and escalating convergence among those fracturing institutions to consolidate toward the inevitable “liquidity event”. War. Chaos. Rubblizing. Rebuilding.
We must destroy our democracy to save our democracy. We must enforce the rules based international order by making rules that provide the moral justification for creating disorder.
The precedent, the liberal world order experiment, is coming to an end. The golden goose has been stangled, gutted, and eaten and so the old model of a unilateral declaration of moral supremacy based on a liberal world order enforced through violence, coercion, and economic manipulation has no gold.
When they went after Heritage Americans and White Christians globally, that was liquidating the collateral for both their financial and military projection of power.
They have been doing the same thing to our supposed allies. Foisting globohomo on them and punishing them economically – and demographically, as the obvious ills of globohomo give pause to each new great leap forward. It is better to be an invader here than a Heritage Citizen. And so on.
They might be able to thread the needle without a global shooting war, but the timeless problem of hunger/quality of life and malevolent regime persists. There is always a point when the mercenaries turn and/or the peasants raise the black flag and slit throats..
Its gone. The rest is just waiting for Ken Burns to mop up into a six part documentary on Extreme Far Right Civil War 2.0*
*Not available in the badthinklands.
Event horizon.
Deep water event horizon
$300 billion is loose change in the Penta-gone budget couch.
Reserve currency status is about oil being purchased in dollars. Since we are now the largest supplier of oil and natural gas in the world do you think that will change? Serious question.
poof!!!
moos- Care to give a lucid explanation? That was a serious question. If we sell our oil around the world and demand it be paid for in dollars, what changes?
Poof is not a answer.
usausa may be a CURRENT exporter of petroleum products but do you honestly think that any other country is going to continue buying from the thug that demands obedience?!?
In case you haven’t noticed there are other countries with huge oil deposits. I really don’t think ANY of these purchasing countries are going to continue getting raped thru exchanges and other demands when supplier countries will exchange goods in their own currencies.
The petro dollar is breathing its last and to bank on it remaining a reserve currency, is a fools errand.
poof!!
In the world of make believe that was about as good a comment as I could expect. Shoulda figured it was a exercise in futility, moos.
LOL… you keep on believing the usausa is the greatest eva… vote moar harderer and keep watching msnbc for real news and information
moos, who are you talking to? Anyone here knows I don’t believe in any of the theater. Realistic commerce in oil has nothing to do with my believing the US is the greatest ever. Saudi Arabia is nothing but sand and camel humpers without oil and they have done fairly well for themselves. How many Bentleys and Rolls are in your palace garage, moos?
PS- You want to hate on a evil country, turn that ire toward Switzerland where the evilfukkers are based.
You could use some of that lucidness you speak of. Maybe do a little research and discover how much oil reserves other countries are sitting on, like Brazil, Venezuela, canukistan, iran, iraq, russia, just to name a few.
Why do you think that BRICs is being pooh pahed heavily by the ‘west’ (usausa)??? Maybe because its a huge threat to the usausa monopoly, maybe??
WHY, would any country want to buy in US dollars, paying currency exchange rates, when they can buy the same product in their own currencies?? If you cannot see that then you have no business acumen, period.
Face it, the world is moving away as quickly as they can from the empire of liars, thieves and thugs.
Its not I in the world of make belief.
moos, I can’t help you. It is you who believes the theater. I wonder why you have such hatred for this country? American people are good for the most part, the occupied government run by Israel ….not so much. I don’t like the occupiers but I don’t blame the average American for our all the ills in the world.
Wow… thats some leap there. From stating that the usausa isn’t going to be the center stage to hating the People… are you off your meds for a reason?!?
I have a hatred for the usausa government. which has been clear in all my posts, not the People. I have distain for the People because they are allowing this evil to continue.
I’m curious how anyone with a different view of yours is somehow needing your help, meaning you are weirdly always in the right!?!?
Anyrate, I have better things to do than argue someone off their meds. cheers
moos, we ALL hate the commie occupied government. We ALL hate the Israeli control of both our army and government, but under that lies a people who are not all corrupt like the government with decent values and still have those values at heart. You just hate America, so I gather you are from somewhere else because not all of us hate this country. 5th columnists, moos?
moos lives in Canada and said he was moving to Mexico a long time ago because Mexico is better than Canuckistan or USA:LLC
Canada is crawling with 5th columnists that were sent there after WWII, their commie/Nazi kids are nasty critters that are destroying that great country and some of the smartest ,finest people in this world. And that is a crying shame, truly terrible.
True that. And as the US continues to just print money hand over fist selling fiat paper to those who hold US assets as trade currency…that continue devalue, the dollars keeps slipping its share of international trade. Drip, drip, drip at first but what if it becomes a flood?
Seize other nations assets and sell them just adds impetuous to those nations who want out of the hegemon’s mess.
I suspect Putin plays the long game and the martyr in this just letting the US bury itself in the international community.
“WHY, would any country want to buy in US dollars, paying currency exchange rates, when they can buy the same product in their own currencies??”
NATO. sanctions and the US military?
If you have products to sell and you put a sign on the door, “We only accept Visa and MC”, you either go somewhere else to buy that product with your AMEX, DISCOVER, Carte Blanche, etc or you don’t get any. The question is WHY would we want to accept their currencies.
I’d say Germany has a few regrets in that area. Cheap gas to very expensive americano .
It boggles my mind that we export oil when we produce less than we consume.
We don’t…poof
some do…
Let’s be honest, shall we? No one knows whats going to happen.
In fact, I’m going to put up a post in a couple days calling out all the bullshit that didn’t happen that all the great Burning Platformers promised was going to happen.
ZH posted that we are now the leader in oil and gas production , all you DV’s.
go to visual capitalist.com, search biggest oil producers and you will see a complete breakdown of the oil producers . We have been to top producer since 2018.
USA produces 18 MILLION B/D
Saudi Arabia- 12 MILLION B/D
Russia- 11 MILLION B/D
Canada- 5.5 MILLION B/D
We are hands down top in NG.
Damn BL!
You actually said something!
Red letter day indeed!
???
You copy/paste worse than flash.
I’ve never copied/pasted here in ten fukkin years, idiot.
Anon’s shot is kicking in, he believes that I copy/paste here…… NEVER and I mean NEVER.
I am not Flash or Mark.
Reserve currency status is about oil being purchased from the Saudis in US dollars. The Saudis now accept other currencies.
I find it hard to believe we’re the largest supplier of oil and natural gas given the regime has shut down all drilling on federal land, shut down pipelines, made it too expensive for companies to invest in new refineries as our old ones shut down and they’ve instituted a similar war on natural gas. Your statement sounds like it was generated from the MSM, outside of the realities we see happening.
yep… and while the usausa may be an exporter for now…. that’ll be short lived.
but usausa fo eva
moos, Again you talk out of your ass with your brain out of gear. We have enough oil and natural gas to last hundreds of years.
Prove it wrong, moos. Bring some proof that is credible.
Even if there were hundreds of years worth of fossil fuels left ( which there is NOT) the EROI after the cost of extraction and refinement is negative. If there was plenty of oil in the ground why aren’t there more refineries coming online genius? All the low hanging fruit has been picked.
Are you one of these idiots that thinks crude oil and natural gas are renewable?
Fanon- There most certainly IS hundreds of years of oil and NG here.
There are 6 LNG terminals in the gulf as we speak here today , Fanon. More coming online soon, LNG is the future and NG is not all together finite. Oil will be far less important in the future in the form of refined gasoline for cars and machinery.
It is renewable. You surely don’t live in the AOC camp that believes it is from dead dinosaurs? It is being produced in the bowels of the Earth as we speak. There aren’t more refineries being built because of all the pee pants tree hugging morons in and out of government.
I find it hard to believe people believe NG is not renewable.
NO… There ARE hundreds, if not thousands, of years’ worth of hydrocarbons left. Hydrocarbons meaning oil/gas/coal. I’m a Geologist, and have studied this. BTW, the term “fossil fuels” is a really bad misnomer, as fluids cannot be fossils, nor is the creation of petroleum (oil/gas) a fossilization process.
There IS plenty of oil/gas left in the ground. New refineries are not being built in the USA, nor are old ones being maintained properly, and some have been destroyed, because the psychopath Globalists (Bankers, et al.) are determined to destroy the USA – they HAVE to in order to “build back better” to their desired dystopia of a One World Government, under their control. You have to destroy what already exists in order to “build back better”…
The only exporting of oil we’ve done is selling off more than 40 percent of the Strategic Petroleum Reserve.
https://thefederalist.com/2022/07/08/biden-sold-oil-from-emergency-reserves-to-chinese-gas-giant-tied-to-his-scandal-plagued-son/
BTK , I posted the article here from ZH which showed the US as being the leader in oil and gas exports if you care to go back and look for it. It’s not hard to understand.
Fifth of Global Oil Trade Used Non-Dollar Currencies in 2023
A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia and China move away from the petrodollar.
This is according to JP Morgan’s head of global commodities strategy, Natasha Kaneva, who spoke to the Wall Street Journal and said sanctions have been a major motivator for Russia and Iran to start doing their oil business in non-dollar currencies…
Per JP Morgan data, there were 12 major commodity contracts that were settled in currencies different from the greenback this year, the WSJ reported, adding that this compared with seven such deals in 2022 and two in the period between 2015 and 2021.
Among the 2023 deals were one between the UAE and India for crude oil deliveries to be paid for in rupees, and another—a currency swap line—between Saudi Arabia and China worth $7 billion.
https://oilprice.com/Latest-Energy-News/World-News/Fifth-of-Global-Oil-Trade-Used-Non-Dollar-Currencies-in-2023.html
B_MC- And yet, we still have reserve currency status. Not that it really matters anymore now that we lead the world in oil and NG production (which I listed from VisualCapitalist.com).
We are the largest producer of crude, but we use most of what we produce and we still import a butt load every day.
The US consumes more oil than it produces….we’re only a net exporter of natgas, mainly LNG…
LNG is the future globally, he who is king in LNG rules the world. That’s a fact going forward, Jack.
Pfyyrus- We consumed the oil of other countries and sat on our oil , it was not that we don’t have huge reserves.
The oil we import- 47% from Canada, 4-8% from Russia, 15% comes from Saudi Arabia.
Nobody ever equates the Canucks with BIG OIL, you have been trained to believe this side of the world has no oil.
Reserve currency status isn’t just about oil trading. It’s mainly about other currencies being pegged (or not) to the dollar. The Russian assets are dollar denominated assets, which is how those assets are vulnerable. Seizing those Russian assets would be a fatal move, because it shows that the US regards any dollar denominated assets as being theirs to seize.
We seized Russian assets years ago, kind of a late date to piss and moan now. The club seizing assets/Gold is a tradition among the thieves. Are we really going to act like it is a new concept here today? Those Russian assets were frozen years ago, what is the definition of “IS” really is. Froze/sieze, potato, potahto.
OK wiseguys, explain the difference in “FROZEN Assets” that have been FROZEN for years and held from another country and “seizing” their assets??? Hhmmmm?
That money/gold, etc. was jacked no matter what you maroons choose to call it. Russian assets that have been FROZEN for years did NOT cause America to loose preferred currency status.
And Ed- Russia produces their own oil which put a hole the size of Texas in your argument. And they don’t have to sell oil to the US if they don’t want USD’s. Interesting that we went from 4% imports to 8% imports since 2020.
Russian assets were seized but frozen. The assets have just been setting there. The US wants to steal ands repurpose the assets, ostensibly, to aid Ukraine. In reality the money will get funneled back to DC, Blackrock, Raytheon, cronies and fellow travelers etc.
How do you know those assets are just “sitting there”, how do you know they were not “repurposed” a long time ago? How do we believe any the scripts Brussels spews out as “factual”? It never is more than scripted BS.
Moose and BL don bearskins and have a go. For 17 minutes.
https://www.youtube.com/watch?v=4a-xR3SmdA8
Moose is so full of shit his eyes turned dark brown, the only “GO” Moose will be doing is on the throne.
Bea – We are the largest producer of crude in the world and also the largest user. We still have to import a lot of oil, even though we are also exporting some petroleum products. The ME + Russia are slowly, but surely starting to trade oil in other currencies. IF (and that is a big if) BRICS+ is able to establish a relatively sound currency or basket of currencies, then I see U$D losing reserve status.
There is also the danger that our debt will implode, which will sink U$D, but will take a lot of other currencies down with it.
TN- Crude will only be relevant for a short time, the future is all about LNG and we will be the leader. It is hard to get you to understand where this is going if you don’t see/know the big picture. We’ll talk about this later as you become aware.
The world and everything is about to change greatly. For once, just trust me. 🙂
I am quite aware of the advantages of L/CNG, however our betters don’t want us using ANY carbon based products and prefer that we go all electric (it’s easier for them to shut off when we do not obey). We also have at least a 500 year supply of coal, but the green weenies really hate coal.
IF we had an administration that really cared about the future of America, we would have gone all in on nuke power for electricity and started making the transition to nat gas when the Arabs shut off the supply of crude in the early 70’s.
Hey Slo Joe,
Reconstruction is something to think about after a war is over. The war continues and not only are you losing, you’ve lost. The only reason you’ll have anything to reconstruct in the landlocked rump-state of former Ukraine is Putin’s forbearance.
Be advised that WWII did not start in 1939. It had been coming for at least 1o years.
A message to all who have deposits in banks.
If the government decides it doesn’t like you? They will steal them from you.
USA is a pirate nation now?
Where are all the rules ordered law when USA is stealing and plundering, just because of emotion?
USa politicians are fucking babies.
From today’s Debt Rattle….
Before: Russia exported cheap energy to European industries & imported European industrial goods. Now: Russia exports cheap energy to Asia & imports Asian industrial goods.
How many BYD’s have you seen on the streets of America?
B_MC- That is about gas powered cars. China produces about 15 million gas powered cars per year and ONLY 4 million are exported. Not to the USA who intends to block ICE vehicles in the next six years.
That’s a piss off the world move. All they have to do is borrow the money like they do for everything else.
Soooo, watch Red China sell off most of their US Bonds to a minimum level just to facilitate trade.
Clif High sez 2/18 is when the SHTF scenario starts.
Dr. Jim Willie in the video above, predicts no later than June. Around the 8:20 mark.
Tick, tock….
Polycrisis. Economic / social unrest. Widespread panic. Grid disruption. Foreign mercenaries.
But … but … I thought the piano player already gave blackrock the contract for ‘rebuilding’ Ukraine …
LTC Steven Murray and guests make educated guess on timing of ‘ the event .’
play at 38 minutes.
We need a couple million Sarah Connors …
Google is changing its content rules in anticipation of a “sensitive event” happening from February onwards.
modernity.news/2024/01/10/google-prepares-for-the-event/
That’s maybe even the least of our worries if Russia retaliates asymmetrically and even worse if China joins in as a preemptive move.
Perhaps it is even being coordinated so Russia takes the blame (real or imagined) for the Cyber Terror 2024! event. After throwing the country into chaos the NWO will swoop in and restore order and ensure it never happens again by implementing SMART 15 minute cities.
I am sure it’s more elaborate than that, but I will be watching for such things.
Hopefully what goes around, comes around. Douche bags
The only people who care are people who put money before everything. But I’ve been hearing for the last two years that Russia is acting purely out of nobility, honor, the good of their people, bringing down NATO, etc.
We should welcome this opportunity to find out. Not sure if this involves everyone’s families in Western Europe with multi-million dollar properties, though.