7614 Gleaning WARNING: Indications Of Big Trouble Getting Louder
Sure enough I went to an article I wrote last night, titled “It Has Begun! This Is How It Starts – Bank Deposits Seized – X22Report,” and the video was removed as has his whole account..
The USA is fast running out of friends to support its ‘exorbitant privelege’. Having alienated the Germans over NSA-eavesdropping, ‘boomerang’d the Russians into de-dollarization, tariffed and quantitatively eased China into diversification, and finally ‘punished’ France into discussing the dollar’s demise; it appears no lessor person than the CEO of Total (the world’s 13th biggest oil producer and Europe’s 2nd largest), believes “There is no reason to pay for oil in dollars.” Clearly, based on Christophe de Margerie’s comments, that we have passed peak Petrodollar.
Meanwhile, somewhere Putin is still laughing.
As Brandon Smith concluded previously with regard the ‘anything but random’ nature of th emore frequent discussion of the dollar as resever currency:
The dollar is no more invincible than any other fiat currency in history. In some ways, it is actually far weaker than any that came before. The dollar is entirely reliant on its own world reserve status in order to hold its value on the global market. As is evident, countries like China are already dumping the greenback in trade with particular nations. It is utterly foolish to assume this trend is somehow “random” rather than deliberate. Foreign countries would not be initiating the process of a dollar dump today if they did not mean to follow through with it tomorrow. All that is left is for a cover crisis to be conjured. Existing tensions in the Mideast signal a pervasive crisis, most likely an energy crisis, in the near term.
It appears that making friends and influencing people is the opposite of what America is achieving…at a time when it needs them the most.
While in China from Sunday to Tuesday, Merkel will oversee the creation of a new economic committee to prepare the ground for high-level talks in Berlin in October designed to map cooperation for the next several years.
For the Beijing pastor, this anti-Christian campaign is part of a stated objective by the new leadership to promote Chinese cultural traditions such as Confucianism and Buddhism. It is no coincidence that much media attention was devoted to Xi’s visit to Confucius’s birthplace in February. On that occasion, according to the Chinese news agency Xinhua, Xi called for the propagation of a nationwide “ethical doctrine” with “fundamental socialist values” based on “traditional Chinese culture”. According to pastor Joy, among themselves party members often use the pejorative expression yang jiao to designate Christianity. It translates as “foreign teaching”.
To complete the French triple whammy offensive against the US Dollar this weekend (first, French central banker Noyer suggesting de-dollarisation; second, French oil major Total’s CEO “seeing no reason for the Petrodollar”), French finance minister Michel Sapin says “now is the right time to bolster the use of the euro” adding, more ominously for the dollar, “we sell ourselves aircraft in dollars. Is that really necessary? I don’t think so.” Careful to avoid upsetting his ‘allies’ across the pond, Sapin followed up with the slam-dunk diplomacy, “This is not a fight against dollar imperialism,” except, of course – that’s exactly what it is… just as it was over 40 years ago when the French challenged Nixon.