From
the desk of
Bill
Ramey
8/26/17
COMMENTARY & OPINION
Ramey comment:
This is something we all need to
know.
Jim Willie: Dead Petro-Dollar – New Eastern Energy Cartel: Replacement to the Dead Petro-Dollar
Thursday,
August 24, 2017 14:32
By: Jim Willie CB, GoldenJackass.com / GoldSeek
The Petro-Dollar is dead. It had
served so well for over 40 years in maintaining the USDollar as global currency
reserve, while keeping tight the controls on geopolitical power. The link
between crude oil and the USDollar has been broken, painfully evident since
2016 with a harsh price decline that cannot rise above the $50 level. It
remains stuck below that level despite heavy collusion in a demonstration that
OPEC is dead defunct also. A void has been created in the energy sector, a most
important sector. Enter Russia
& China
to fill the void. Both the crude oil market and the natural gas market have new
alliances which feature nations acting in a cooperative manner. The common
element is Russia
on the production side, complete with pipeline arrays. The common other element
is China
on the demand side with large customer needs and financial influence. This
article describes the two emerging organizations, which the Jackass calls the
Oil Consortium and the NatGas Cartel. It will serve the Eurasian Trade Zone. It
will function outside the USD payment system. It is ripe for Gold payment
structure in the near future. In no way do these qualify as coffin nails for
the Petro-Dollar. The funeral for the corrupted abused hegemon USDollar might
have taken place with the Trump charade in Saudi Arabia a month ago. The
emerging energy organizations signal the new dawn after the funeral without
eulogy.
GLOBAL DOMINANCE CAST ASIDE
The USDollar is integrally related
to the global dominance that the United States has fostered for
global benefit, then later distorted into a credit abuse dynamic but hardly for
benefit, then finally abused beyond legitimate basis for global aggression and
financial extortion. The dominance is unraveling within the Global Paradigm
Shift. It is indeed late in the game for the shift, whereby no reversal to
repair the USDollar is possible. The Eastern energy cartel has a firm foundation,
leaving the West with no possible response. The consequences are vast,
extending to the USMilitary. Its reliance upon free oil is ending. The
over-stretched military presence will repeat the end of the road that the
British Military faced several decades ago. Both the British and the Americans
have lost their cherished global reserve currency, and along with it, lost
power and prestige. In recent months, the US has proved it has very few
friends even among its list of allies.
Jackass colleague Sky Crane made
some astute comments on this theme. Exercpts are taken to capture the main
points.
“Removing the control the King Dollar has wielded over all matters economic was a primary focus of the new energy cartel strategy emerging from the East. The goal is both to regain control of fair trade and to wrest control of mankind’s destiny from the cabal’s USD contraption and their globalist dystopian plans. The elaborate preparations toward this end are coming into view. The new cartel seems to be advancing without much real resistance except in the media because the USD is already defrocked, the Petro-Dollar dismantling has momentum, and everybody knows it but the US population. The cabal has had no responses to the mega energy solutions of the new Eastern cartel. Delivering more costly natural gas by boat is a good example of how the United States is clueless and out of the loop.The new oil & gas cartel has the opportunity and must break definitively the grip and the hegemonic philosophy of those who still run the Petro-Dollar version. It must be rubbed out. These are the same cartel enemies who are stalling a larger shift to the new currency system within the RESET. The Western banker cabal is being evicted from the financial system, the tipping point seemingly reached. The critical turns pass often unnoticed, the fallout more clear, with many dynamics are changing every day, events moving fast. Humanity is at risk to react with easy manipulation in a Pavlovian fashion. This is the hardest part of the shift to eradicate, as it is supported in real time in the MSM media with indoctrination and deep programming. The best path currently is to take away the cabal’s free money and USD pass.”
The deed is done by the Eastern
powers, their platforms having been built. Next their crucial energy alliances
will take final form. Their supply lines will be fixed. Their pipelines will be
constructed atop the already solid Russian network. The key is the absence of US control and
absence of USDollar in trade payments. All US interference has been either
sidestepped or overcome. The USGovt will soon be forced to react, not by war
(failed course of action), but by methods to ensure survival of the USEconomy.
At risk is its supply chain. Refer
to the launch of the New Scheiss Dollar, since the producing nations, those
pesky exporters to the United States, will not accept USTreasury Bills as
payment. They are very actively disgorging their banking systems of USTreasury
Bonds. The message has been clear. China
will no longer tolerate the simultaneous usage of the USDollar for
international purposes and for its role inside the United States. The abuse and
distortions are no longer tolerable.
RUSSIA ON OIL CONSORTIUM
Russia is forming network of oil
production by long-term contracts on volume purchases. The consortium will
solve certain technical obstacles like grades. It is designed to oppose the
Petro-Dollar system, and to fill the OPEC void. The key feature of the
Russian Oil Consortium is non-USD sales and payments. It will
thrive on the low oil price and cash flow pinch, as secondary producing nations
seek aid with business investment and assured cash flow. Combine with the
NatGas Cartel, also based in non-USD sales, to see the
global trade system is quickly turning away from the USDollar standard.
In key respects, the Petro-Dollar standard is fractured, broken, and
dismantled. Implications are vast for geopolitical shift of power. It is truly
dead defunct.
It is a brilliant strategy really.
Russia
stands as the world’s leading oil producer, yet the nation has made several key
contracts to purchase oil from troubled nations. The
most recent contracts are with Saudi Arabia,
Iran, and Venezuela,
using their Rosneft giant oil company. US neighbor Mexico is also considering to join
the Russian consortium. The new wrinkle is the Mexican Govt has opened bidding
on concessions to foreign companies, in the wake of an important large oil
discovery. Expect Nigeria to
join the consortium soon, maybe Angola
also. With huge income stream, the Russians are in a position to be principal
agents toward the construction of new production facilities, which are capital
intensive. Rosneft and Gazprom are the primary players from the Russian Federation.
The Russian oil consortium addresses the cash flow reductions that some nations
are facing. Other nations will join them, since the oil price will continue to
remain down. Irony is thick that the Russian oil pool will grow
and expand into branches, as a result of the chronic low oil price, which is a
manifestation of the dead Petro-Dollar. Their consortium feeds
of the dead Petro-$ bones.
Russia strives to create an oil
network, whereby grades are mixed, but more important, whereby indirectly a
Russian oil consortium is created. Venezuela urgently needs to mix its
heavy oil while the Saudis urgently need a cash flow guarantee. The
oil consortium would be run by the Russian majors and not be priced in
USDollars for sale. This is the primary motivation. There are
also other significant motivations. Nations within the consortium could claim
they work with the Russian network and are not part of payment decisions.
Imagine the Kremlin designing by contracts a cartel with pooled oil resources
to replace the vacant OPEC. The StPete oil price will become a more prevalent
benchmark. In the last two years, it has been crystal clear that OPEC has no
leader, no power, no unity, no honored internal pacts, operating with
tremendous strains to individual members. OPEC has become meaningless gaggle.
The Russian Oil Consortium is making a path toward replacing the vacant if not
dead OPEC cartel. The King Dollar can no longer sit on a throne built of oil.
The King Dollar is being deposed. The King Dollar is no longer from a palace
respected.
NATURAL GAS CARTEL
The Natural Gas Cartel is forming,
on the other side of the energy arena. The Petro-Dollar defacto standard is
coming to an end, the low oil price a fatal blow. The entire Gulf Arab region
is in turmoil, more evidence of the dead Petro-Dollar. The void has created an opportunity for a new
energy cartel, the movement generated by the East. Entering the picture is the
NatGas Cartel led by Russia,
Iran, and Qatar, in a
stage of current formation. The impasse in Syria, or better described as the defeat of the
US Alliance with ISIS and Israel,
has opened the door for the Eastern natural gas cartel. Iran has emerged, manifesting the Persian Empire reemergence. Iran will control staggering natgas
output, plus its usual fare of sturdy crude oil output. Iran figures
prominently into both the oil consortium and the natgas cartel. All USGovt
efforts to block the Iranian entry will fail. Worse, all USGovt sanctions will
backfire, leaving Washington
more isolated. Their entry is offset by another's removal. A spectacular
failure in Saudi Arabia
will contain many tarnished features. Witness their bankruptcy, their lust to
steal Yemen
energy deposits, their fraudulent ARAMCO stock offering, their association with
terrorism, and their aggression within the Gulf region. The Saudi Arabian
connection to the USGovt has been the basis of the Petro-Dollar for 42 years.
The Gulf oil monarchies are fractured, many soon to perish. Even Qatar is well positioned with respect to Iran, Russia,
and Europe.
The NatGas Cartel will not be
USDollar-based: IT FILLS THE OPEC VOID. The Natural Gas Cartel will feature
payments in Chinese RMB, Russian Ruble, and later Gold Trade Note. The connection with Western Europe assures usage of the Euro currency
eventually. Their evolution cannot be halted in coalescing with the Eurasian Trade
Zone. Enter the dawn of the new energy cartel from the East, which will
introduce Gold in trade. New unions are being formed at the strategic level
within the energy sector. The oil network already has China being connected with a massive pipeline
network, whose construction with Russia ironically is funded by
Chinese-owned USTBonds. The Holy Grail oil pipeline connecting Russia to China is 80% complete. The
Petro-Dollar Standard not only is dead, but is in the process of being replaced
with the oil/gas twin chambers in a formidable cartel. It
is a matter of time, given the massive dumping of USTreasury Bonds, before the
USDollar loses its prestigious global currency reserve status. The stage is set
for the Gold Standard, coming in various forms, first in trade payment, next in
banking reserves management, lastly in currencies.
HAT TRICK LETTER
PROFITS IN THE CURRENT CRISIS.
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Jim Willie CB, editor of the “HAT TRICK LETTER”
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