Saudis drop WTI oil contract, page 1
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ATS Members have flagged this thread 37 times


reply posted on 29-10-2009 @ 12:36 AM by projectvxn
reply to post by whoshotJR



I'd buy Euros. That is what's going to give you a bit of a boost. I also hear there's a company out there selling Yuan based ETFs. Might be a nice time to invest offshore for a while.


reply posted on 29-10-2009 @ 12:51 AM by Tentickles
reply to post by Zosynspiracy



and to think they want ANOTHER "Stimulus package."



reply posted on 29-10-2009 @ 02:34 AM by Zosynspiracy
reply to post by Rockpuck




Well you sir can send your sons and daughters off to die for such a stupid justification. I refuse. I mean my god........the sad thing is there are other Americans sharing your same twisted argument of dollar hegemony. Pathetic. A country doesn't survive by killing people who don't want to play their game..........they survive by taking care of their own, innovating, adapting, living within their means i.e. DISCIPLINE! America has lost all discipline..........we have turned into 'junkies' and gluttonous pigs.


reply posted on 29-10-2009 @ 07:04 AM by TeddiRevolution
reply to post by Zosynspiracy



Your little spiel had nothing to do with what he said. They can charge us more now, that's it. Take your sensationalism somewhere else.

Also, don't generalize the citizens of this country, just because you live here doesn't mean you speak for "we". I sure as Hell am no junkie pig who gets off on war, speak for yourself next time.


reply posted on 29-10-2009 @ 07:45 AM by deltaalphanovember
reply to post by TeddiRevolution




You are right that generalization is unfair, but unfortunately the rest of the world generalizes when it sees American troops in another country - the same as one generalizes when one talks about the Saudi's all being oil rich Sheikhs. Or the French being lovers, or the British loving Fish and Chips etc.

In this case, it's your country's politics and foreign policy that determines what path this generalization follows.


reply posted on 29-10-2009 @ 07:55 AM by Zosynspiracy
reply to post by TeddiRevolution



I'm sure you live in excess like most gluttonous junkie pigs thirsty for their Ipods, Monday night football and latest and greatest gadgets and widgets no? Most Americans do........I am guilty of it myself and so are you. At least I have the balls to realize it and admit it. Will you?


reply posted on 29-10-2009 @ 07:57 AM by poedxsoldiervet
reply to post by Jessicamsa



The dollar is going to crash its just a matter of when, I heard on Beck last night that Americas Acutal Debit is 105 TRILLION DOLLARS. And that the Federal Goverments keeps four books, If that is true we are really, really screwed.



reply posted on 29-10-2009 @ 08:03 AM by kozmo
Originally posted by Zosynspiracy
reply to
post by TeddiRevolution



I'm sure you live in excess like most gluttonous junkie pigs thirsty for their Ipods, Monday night football and latest and greatest gadgets and widgets no? Most Americans do........I am guilty of it myself and so are you. At least I have the balls to realize it and admit it. Will you?


Hmmmm, oddly enough I am an American... I do not own an iPod, Do not watch Monday night football, do not own any of the latest and greatest gadgets and am certainly not a gluttonous pig. Do you use hasty generalizations as a matter of course or is this your first bout?

ON TOPIC: This isn't good but it isn't necessarily bad. The Saudis are STILL trading oil in dollars and will continue to do so. They have simply decoupled themselves from the price setting mechanism that I think we all know was being manipulated by insiders. Instead of causing oil to skyrocket, I rather believe that it is going to probably stabilize the price in the immediate future. Beyond that, it is difficult to guess what happens.


reply posted on 29-10-2009 @ 08:36 AM by Parallex
OP - Excellent post! Star and Flag.

This subject, and others similar to it are what ATS should be concentrating on at the moment. People like Gerald Celente and others have alluded to this subject time and again - and it all makes sense.

I have studied and followed economics for many years now, and I have been writing about this subject alot on ATS, and on my blog.

Economics (if you know to interpret it) can give you clues about future events, trends and more importantly, aims.

In this case, the Saudi's have clearly fallen in line with the China-Russia economic-bloc. As I have explained in the past, China and Russia are the main proponents behind the push for a truly universal currency. A global currency. Mr Medvedev of Russia unveiled the new global currency at a G8 conference a little while back. We know this is their aim.

China and Russia are making a power play at removing the US stranglehold over global trade. Because the US Dollar is currently the 'global' currency, the U.S. can control to a certain extent, the way in which the global economy works (control of global money supply). Especially as the $ is the oil trade currency. Think of a world in which the global monetary unit is NOT the dollar? Think of a world in which oil is NOT traded in USD?

This world is not far off - once this takes place, the US will find itself irrelevant in the grand scheme of things. Russia, China, Kazakhstan, Venezuela, Angola - countries with great natual resources will come out on top once the 'pseudo-empire' that the U.S. has built collapses around every Americans ears.

The US Dollars' days are now marked. The only self defence mechanism that the US has against this is the implementation of the Amero and the North American Union. A revaluation of the currency can take place, along with renegotiation of terms of contract. It always helps to have nuclear armed extremists next door to your enemies (Pakistan post-revolution) when you're looking to negotiate better terms.

The Saudi's are doing what the House of Saud does best - Hedging. They don't know which way the wing is blowing yet, and they don't want to get caught sailing into the wind.

We'll see.

The Para.


reply posted on 29-10-2009 @ 09:34 AM by TheRedneck
The following is my opinion as a member participating in this discussion.

Aha! I have been wondering for quite some time why the price of fuel spiked so high for so long a couple of years ago. It was preparation for now.

Consider for a moment where the Saudis got their oil riches... not very long ago, these were nomadic peoples whose wealth was measured in the number of sheep/goats/slaves they owned. Their country is basically one big sandbox without any appreciable agriculture or industry (except oil). Now exactly how did they manage to build massive oil pumping stations, pipelines, refineries, ports, etc. from such humble (and recent) beginnings?

They didn't - we did. Well, we as in a few wealthy individuals who saw profit in it. You might recognize some of the names involved: Rockefeller, Bilderberg. In short, they struck a deal with the rulers in the Middle East. They built the infrastructure for free, with the one stipulation that oil would always be traded for in dollars.

Why? Simple: oil was not considered a necessary commodity back then. Gold was. They could not corner the market on gold. And if they could not corner the market on gold, then they could not fully control the economies of the world. They could corner the market on oil, and they could see how important oil was to become (they were, after all, the major reason it became so important). The dollar is now backed, not by gold, but by oil. That's why we have been fighting a war in Iraq for the past 8 years; Saddam Hussein was about to drop the dollar. That's why all the drum-beating against Iran; Amadinejad(sp?) did depeg his oil from the dollar. The conflicts over there are not about oil; they are about dollars. TPTB in the West are well aware that a dollar without any backing is worthless. They also knew that the dollar was backed up, just not by gold.

The battle is between OPEC and what some here call the Illuminati. Everything else is smoke and mirrors.

Saudi Arabia does not want a full-on war with the US. This is a flanking maneuver to manage to loosen their requirement that dollars only be used for oil, without openly starting another conflict. It will lead to a complete depegging of oil from the dollar and thus the complete collapse of the dollar. The prices I mentioned in the opening of this post were there to acclimate the American people to paying higher prices for their fuel, in anticipation of this event.

I am coming to believe that the Global Warming fiasco is for the same purpose... to force the people of the industrialized nations to wean off of oil before the prices get so high they revolt. Unfortunately, there is thus far little we can turn to as an alternative.

Get ready: fuel prices are about to reach new levels. I would not be surprised to see $10 a gallon. Expect more drilling in America to suddenly be a good thing. Expect new technologies to be forthcoming, actually old technologies that have been buried for years. There are reasons for not drilling in America and for covering up new energy sources, and they are not to keep America from having energy; they are to act as a safety net should the Middle East manage to pull this off.

I am also wondering if the recent election of Barrack Obama was not an attempt to placate the Middle Easterners by appealing to the religious overtones of their culture. If so, I'm concerned it may appear more as an insult than anything else. The Islamic nations may be a lot of things, but dumb and gullible are not on that list.

Sorry if this post rambles... so many things that tie in here... so many light bulbs going off in my head right now...

TheRedneck

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

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