It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

US Threatens Russia Over Petrodollar-Busting Deal

page: 1
49
<<   2  3  4 >>

log in

join
share:
+22 more 
posted on Apr, 4 2014 @ 07:09 PM
link   
This should arouse a healthy discussion, we all know this subject has been floating around for some time now but are the gloves off for real this time, seems so.

This has the potential to go a lot further than a sanction war imho

Thoughts ATS...

www.zerohedge.com...

On the heels of Russia's potential "holy grail" gas deal with China, the news of a Russia-Iran oil "barter" deal, it appears the US is starting to get very concerned about its almighty Petrodollar

*U.S. HAS WARNED RUSSIA, IRAN AGAINST POSSIBLE OIL BARTER DEAL
*U.S. SAYS ANY SUCH DEAL WOULD TRIGGER SANCTIONS
*U.S. HAS CONVEYED CONCERNS TO IRANIAN GOVT THROUGH ALL CHANNELS
We suspect these sanctions would have more teeth than some travel bans, but, as we noted previously, it is just as likely to be another epic geopolitical debacle resulting from what was originally intended to be a demonstration of strength and instead is rapidly turning out into a terminal confirmation of weakness.


The US dollar's position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away.

The existence of “petrodollars” is one of the pillars of America's economic might because it creates a significant external demand for American currency, allowing the US to accumulate enormous debts without defaulting.

Finally, those curious what may happen next, only not to Iran but to Russia, are encouraged to read "From Petrodollar To Petrogold: The US Is Now Trying To Cut Off Iran's Access To Gold."

www.zerohedge.com...
edit on 4-4-2014 by keenasbro because: To add link



+6 more 
posted on Apr, 4 2014 @ 07:30 PM
link   
reply to post by keenasbro
 



'The Paradigm Shift is far along, no more an infant project. The Western leading nations have transformed into the Axis of Fascism. The Eastern leading nations have emerged as seeking viable fair solutions, essentially a return to the Gold Standard. The physical gold migration from London and Switzerland proves the shift in power underway. The swing nations of Germany, Saudi Arabia, Turkey, India, and Iran will play pivotal roles in shaping the future. The year 2014 will not end with any remote resemblance to its start.'

There is another interesting link posted on the same page by a forum member

www.24hgold.com... Willie+CB


+2 more 
posted on Apr, 4 2014 @ 07:37 PM
link   
The American Empire is falling! No biggie lets just hope they don't take everyone with it.



posted on Apr, 4 2014 @ 07:47 PM
link   
Why in a free world counties cannot trade oil in currency they want? What's up with that, why so much discussion? Why there is a need to threat or kill anyone over this?

Oh, man..


+1 more 
posted on Apr, 4 2014 @ 07:56 PM
link   
Here is another interesting article from October 9, 2012

dollarcollapse.com...

This one from July 17,2012

theeconomiccollapseblog.com...

China, Russia, and the End of the Petrodollar

A few of the things that will likely happen when the petrodollar dies….

-Oil will cost a lot more.

-Everything will cost a lot more.

-There will be a lot less foreign demand for U.S. government debt.

-Interest rates on U.S. government debt will rise.

-Interest rates on just about everything in the U.S. economy will rise.

So enjoy going to “the dollar store” while you can.

It will turn into the “five and ten dollar store” soon enough.

people have been predicting this event for years, eventually someone has to be right.



posted on Apr, 4 2014 @ 08:12 PM
link   
What is really interesting about the whole thing is there are a lot deals like this going on with Russia now and other countries..didnt they make something with India and China....and Iran. I want to say even Australia recently made a deal with India.

A country should be allowed to trade in any currency it wants to....

I know there are a few other countries that use the US dollar ...like Ecuador...be nice to keep an eye on places like that too..curious how this will affect them..if at all.


+4 more 
posted on Apr, 4 2014 @ 08:13 PM
link   

keenasbro


people have been predicting this event for years, eventually someone has to be right.


The way I look at it is, we don't know where the straw that breaks the camels back will come from.

We just know its coming.

Will it be Chinese economic influence?

Russian Oil deal?

Bankruptcy in western nations?

We keep loading up the economy, and it keeps holding.

But the signs are there, the knees are shaky.



posted on Apr, 4 2014 @ 08:19 PM
link   
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....

So at least the US has that going for it...for now.


+1 more 
posted on Apr, 4 2014 @ 08:26 PM
link   

benrl

keenasbro


people have been predicting this event for years, eventually someone has to be right.


The way I look at it is, we don't know where the straw that breaks the camels back will come from.

We just know its coming.

Will it be Chinese economic influence?

Russian Oil deal?

Bankruptcy in western nations?

We keep loading up the economy, and it keeps holding.

But the signs are there, the knees are shaky.


Uncle Sam KNOWS that once they lose control of energy costs (which will impact food costs severely), they will lose any hope of controlling their well armed populace. The straw that breaks the camels back will also be the one that breaks our back.

None of us wants to see it happen. And my God I hope it doesn't have to come to that. But the only thing placating Americans is lifestyle. Take that away, and its all over.



posted on Apr, 4 2014 @ 08:29 PM
link   
reply to post by cosmicexplorer
 


As the larger economies strike up deals, the smaller countries will follow suit, you would think, USA won't have as much clout as imposing sanctions, USA will lose it's leverage.

www.caseyresearch.com...

Russia and China are leading the charge. More than a year ago, the two nations made good on talks to move away from the dollar and have been using rubles and renminbi to trade with each other since. A few months ago the second-largest economy on earth – China – and the third-largest economy on the planet – Japan – followed suit, striking a deal to promote the use of their own currencies when trading with each other. The deal will allow firms to convert Chinese and Japanese currencies into each other directly, instead of using US dollars as the intermediary as has been the requirement for years. China is now discussing a similar plan with South Korea.

Similarly, a new agreement among the BRICS nations (Brazil, Russia, India, China, and South Africa) promotes the use of their national currencies when trading, instead of using the US dollar. China is also pursuing bilateral trades with Malaysia using the renminbi and ringgit. And Russia and Iran have agreed to use rubles as a means of currency in their trades.

Then there's the entire continent of Africa. In 2009 China became Africa's largest trading partner, eclipsing the United States, and now China is working to expand the use of Chinese currency in Africa instead of US dollars. Standard Bank, Africa's largest financial institution, predicts that $100 billion worth of trade between China and Africa will be settled in renminbi by 2015. That's more than the total bilateral trade between China and Africa in 2010.

The idea of moving away from the dollar is also finding support from major international agencies. The United Nations Conference on Trade and Development has stated that "the current system of currencies and capital rules that binds the world economy is not working properly and was largely responsible for the financial and economic crises." The statement continued, saying "the dollar should be replaced with a global currency." The International Monetary Fund agrees, recently arguing that the dollar should cede its role as global reserve currency to an international currency, which is in effect a basket of national currencies.
edit on 4-4-2014 by keenasbro because: to add



posted on Apr, 4 2014 @ 08:46 PM
link   

keenasbro
reply to post by cosmicexplorer
 


As the larger economies strike up deals, the smaller countries will follow suit, you would think, USA won't have as much clout as imposing sanctions, USA will lose it's leverage.

www.caseyresearch.com...

Russia and China are leading the charge. More than a year ago, the two nations made good on talks to move away from the dollar and have been using rubles and renminbi to trade with each other since. A few months ago the second-largest economy on earth – China – and the third-largest economy on the planet – Japan – followed suit, striking a deal to promote the use of their own currencies when trading with each other. The deal will allow firms to convert Chinese and Japanese currencies into each other directly, instead of using US dollars as the intermediary as has been the requirement for years. China is now discussing a similar plan with South Korea.

Similarly, a new agreement among the BRICS nations (Brazil, Russia, India, China, and South Africa) promotes the use of their national currencies when trading, instead of using the US dollar. China is also pursuing bilateral trades with Malaysia using the renminbi and ringgit. And Russia and Iran have agreed to use rubles as a means of currency in their trades.

Then there's the entire continent of Africa. In 2009 China became Africa's largest trading partner, eclipsing the United States, and now China is working to expand the use of Chinese currency in Africa instead of US dollars. Standard Bank, Africa's largest financial institution, predicts that $100 billion worth of trade between China and Africa will be settled in renminbi by 2015. That's more than the total bilateral trade between China and Africa in 2010.

The idea of moving away from the dollar is also finding support from major international agencies. The United Nations Conference on Trade and Development has stated that "the current system of currencies and capital rules that binds the world economy is not working properly and was largely responsible for the financial and economic crises." The statement continued, saying "the dollar should be replaced with a global currency." The International Monetary Fund agrees, recently arguing that the dollar should cede its role as global reserve currency to an international currency, which is in effect a basket of national currencies.
edit on 4-4-2014 by keenasbro because: to add


You know once we get passed.....oil...The Middle East will be the new Africa...and youll Africa grow in many ways. BRICS is gonna be a force as well. Brasil is doing some very witty # with energy renewal and things like that. I think New Zealand in 20 years is gonna be a huge place for tech...

I dont see America completely failing but I dont see any way possible for America to ever improve right now....we are too deep in the whole and too big to manage and we waste so much money on Defense and protection from terrorism....unless we create some new super cool technology that is just so amazing...I can't see America improving in any way over the next 20 years.



posted on Apr, 4 2014 @ 08:55 PM
link   

cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....

So at least the US has that going for it...for now.


Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?


Thanks)



posted on Apr, 4 2014 @ 08:56 PM
link   
The United States government has been steadily burning nearly every foreign relationship bridge behind them for the past twenty years, and now those chickens are potentially going to come home to roost in the form of being economically marooned on the global stage. When I take a step back and look at the big picture is just seems like the perfect storm is brewing, and although even my standard of living here in Canada could seriously be damaged as a result of this, the sheer amount of irony involved is not lost on me and even makes me chuckle.

The U.S. government threatening to sanction these countries if they make an oil deal that doesn't involve them in some capacity? All of these countries involved could quite easily supply one another in trade and effectively cut the United States out completely - American sanctions would mean absolutely squat! And I think Russia and China are realizing it.

I think it's going to happen. The Russians and Chinese would be fools to let this opportunity escape them.



posted on Apr, 4 2014 @ 09:00 PM
link   
This isnt news to those running this corrupt empire. Sure they will fight the inevitable, but only long enough to rob every American so that they (the corrupt) can survive in whatever new system with which they will be forced to conform. (Remember the Nazis?)

The people will always suffer the most. The American government/military/elite have, ironically, provided us with plenty of examples over the decades. These examples being the people of countries they've completely devastated by 100% avoidable war.

It was time to get prepared yesteryear.



posted on Apr, 4 2014 @ 09:07 PM
link   

darkorange

cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....

So at least the US has that going for it...for now.


Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?


Thanks)


No you are totally right mate....but what right now is more stable than the dollar.....I only found out about the petrodollar and how it all worked supposedly last year...I was late!!! But I think many countries would still rather use the dollar. We are all so linked together now that if we get hurt..China gets hurt...etc.

I really dont know how it all works....but I just dont see how some places would prefer currencies over the dollar ...yet....but as more and more hop on the bandwagon..then ya.



posted on Apr, 4 2014 @ 09:12 PM
link   

cosmicexplorer

darkorange

cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....

So at least the US has that going for it...for now.


Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?


Thanks)


No you are totally right mate....but what right now is more stable than the dollar.....I only found out about the petrodollar and how it all worked supposedly last year...I was late!!! But I think many countries would still rather use the dollar. We are all so linked together now that if we get hurt..China gets hurt...etc.

I really dont know how it all works....but I just dont see how some places would prefer currencies over the dollar ...yet....but as more and more hop on the bandwagon..then ya.


What can be more stable than local agreement vs relaying on the currency of the country that is beyond your control?


Thanks)





edit on 4-4-2014 by darkorange because: (no reason given)



posted on Apr, 4 2014 @ 09:21 PM
link   

darkorange

cosmicexplorer

darkorange

cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....

So at least the US has that going for it...for now.


Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?


Thanks)


No you are totally right mate....but what right now is more stable than the dollar.....I only found out about the petrodollar and how it all worked supposedly last year...I was late!!! But I think many countries would still rather use the dollar. We are all so linked together now that if we get hurt..China gets hurt...etc.

I really dont know how it all works....but I just dont see how some places would prefer currencies over the dollar ...yet....but as more and more hop on the bandwagon..then ya.


What can be more stable than local agreement vs relaying on the currency of the country that is beyond your control?


Thanks)





edit on 4-4-2014 by darkorange because: (no reason given)


In this day and age...I dont know...agreements seem to work when its only good for both parties....This is definitely one of my favorite topics to learn about!!! So send me any good info you find out there...

Also somewhere out there you know China and Russia have to be thinking..."'the only way we beat the west is to work together".



posted on Apr, 4 2014 @ 09:28 PM
link   

cosmicexplorer

darkorange

cosmicexplorer

darkorange

cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....

So at least the US has that going for it...for now.


Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?


Thanks)


No you are totally right mate....but what right now is more stable than the dollar.....I only found out about the petrodollar and how it all worked supposedly last year...I was late!!! But I think many countries would still rather use the dollar. We are all so linked together now that if we get hurt..China gets hurt...etc.

I really dont know how it all works....but I just dont see how some places would prefer currencies over the dollar ...yet....but as more and more hop on the bandwagon..then ya.


What can be more stable than local agreement vs relaying on the currency of the country that is beyond your control?


Thanks)





edit on 4-4-2014 by darkorange because: (no reason given)


In this day and age...I dont know...agreements seem to work when its only good for both parties....This is definitely one of my favorite topics to learn about!!! So send me any good info you find out there...

Also somewhere out there you know China and Russia have to be thinking..."'the only way we beat the west is to work together".


By 'stable' I meant 'sustainable'
) and more indepented


Thanks



posted on Apr, 4 2014 @ 09:32 PM
link   
Sanctions in this scenario will fail and lead to a complete failure of the use of sanctions anywhere.

I am going to call these Petro Sanctions. A few countries may take notice but most will not. If (or when) Russia decides to step in she will simply act as an intermediary in purchasing whatever it is the Iran wants and then shipping it straight to Iran via their common border. Other countries will do similar deals.

Mark my words, Petro Sanctions will see the demise of all Sanctions for any reason.

This is very dangerous territory for the whole world.

P



posted on Apr, 4 2014 @ 09:55 PM
link   

cosmonova
reply to post by keenasbro
 



'The Paradigm Shift is far along, no more an infant project. The Western leading nations have transformed into the Axis of Fascism. The Eastern leading nations have emerged as seeking viable fair solutions, essentially a return to the Gold Standard. The physical gold migration from London and Switzerland proves the shift in power underway. The swing nations of Germany, Saudi Arabia, Turkey, India, and Iran will play pivotal roles in shaping the future. The year 2014 will not end with any remote resemblance to its start.'

There is another interesting link posted on the same page by a forum member

www.24hgold.com... Willie+CB



LMAO if you believe "Eastern" nations aren't vying for the same influence and clout that the West is. There is not such thing as a "fair" or level playing field. Also, Gold is overrated. The reason why the US went off the Gold standard is because gold is not an exponential money supply. It is a rare metal. The fiat currency itself is silly...but it is all based upon a certain set structure in which society is based upon. The US dollar is backed by the worlds largest economy, and one of the worlds most stable politically ran countries in the world. It is because of this, that the USD will remain the world reserve currency for the foreseeable future.



new topics

top topics



 
49
<<   2  3  4 >>

log in

join