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Page added on April 24, 2016
Is This The End Of The U.S Dollar? Geopolitical Moves “Obliterate U.S Petrodollar Hegemony “
It seems the end really is nigh for the U.S. dollar.
And the mudfight for global dominance and currency war couldn’t be more ugly or dramatic.
The Saudis are now openly threatening to take down the U.S. economy in the ongoing fallout over collapsing oil prices and tense geopolitical events involving the 9/11 cover-up. The New York Times reports:
Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
China has been working for years to establish global currency status, and will strengthen the yuan by backing it with gold in moves clearly designed to cripple the role of the dollar. Zero Hedge reports:
China’s shift to an official local-currency-based gold fixing is “the culmination of a two-year plan to move away from a US-centric monetary system,” according to Bocom strategist Hao Hong. In an insightfully honest Bloomberg TV interview, Hong admits that “by trading physical gold in renminbi, China is slowly chipping away at the dominance of US dollars.”
Putin also waits in the shadows, making similar moves and creating alliances to out-balance the United States with a growing Asian economy on the global stage.
Luke Rudkowski of WeAreChange asks “Is This The End of the U.S. Dollar?” in the video below.
He writes:
In this video Luke Rudkowski reports on the breaking news of both China and Saudi Arabia making geopolitical moves that could cause a U.S economic collapse and obliteration of the U.S hegemony petrodollar. We go over China’s new gold backed yuan that cannot be traded in U.S dollars and rising tension with Saudi Arabia threatening economic blackmail if their role in 911 is exposed.
Visit WeAreChange.org where this video report was first published.
The Federal Reserve, Henry Kissinger, the Rockefellers and their allies created the petrodollar and insisted upon the world using the U.S. dollar to buy oil, placing debt in American currency and entire countries under the yoke of the West.
But that paradigm has been crumbling as world order shifts away from U.S. hegemony.
It is a matter of when – not if – these events will change the U.S. financial landscape forever.
As SHTF has warned, major events are taking place, and no one can say if stability will be here tomorrow.
Stay vigilant, and prepare yourself and your family as best as you can.
106 Comments on "Is This The End Of The U.S Dollar? Geopolitical Moves “Obliterate U.S Petrodollar Hegemony “"
onlooker on Sun, 24th Apr 2016 1:46 pm
I nominate Peakyeast to head the 911 inquiry. Bravo.
JuanP on Sun, 24th Apr 2016 1:48 pm
I think that most of humanity believes that 911 was an inside job by now. That is the thing about lies, they are impossible to keep up. That’s why I avoid lying as much as possible, it takes a lot of effort to keep a lie going. It is easier to tell the truth, and since I hate useless toil and unnecessary complications, I prefer to tell the truth whenever I can without to high a cost for others. I do lie mostly for the benefit of others since because of my depression it makes no difference to me either way. I basically don’t give a fuck about anything.
onlooker on Sun, 24th Apr 2016 1:50 pm
What presumptuous arrogant bastards, they either thought it would never be known or they didn’t care. Either way, they are what I said they are.
peakyeast on Sun, 24th Apr 2016 1:58 pm
@onlooker: Thanks, but it will have to be next year.
(brag alert) I am just starting up a new company based on one of my inventions – we have raised about 200.000$ in cash from investors and government grants.
Tomorrow is my first work day officially in the company. 🙂
onlooker on Sun, 24th Apr 2016 2:19 pm
Good luck Peak.
Davy on Sun, 24th Apr 2016 2:24 pm
Like the Kennedy thAng there is more to it than the storybook narrative. Those pushing the hugely imaginative conspiracy theories are as bad and imaginative as the main stream’s storybook narrative. It was a great event to galvanize agendas on both sides of the equation. The truth is likely less exciting and more in the middle. We know the deep state is capable of any evil but a deeper look at the period and the event does not support the extreme conspiracies. In any case it is old news and we have huge fish to fry now that make 911 look like a Boy Scout camp out. Move on please.
Pickles&Pancakes on Sun, 24th Apr 2016 2:28 pm
@jason
David and Goliath come to mind, when you brag of the biggest bully. It only takes one pillar of the economy to collapse or of a government to bring everything crumbling to the ground.
You can only murder so many millions, before millions come to murder you, and no matter how big the bully, he will fall.
Pickles&Pancakes on Sun, 24th Apr 2016 2:38 pm
@Dave
Those small fish you refer to involved and covering up 9/11, still need to be fried. You know what happens to smaller fish that are never caught….they become bigger fish and eventually consume everything.
We know the Bush Crime Family and their cohorts were all involved in 9/11, either actionable or covering up for those involved.
If everybody already knows it rare that the government are honest, then why is it so many believe they are telling the truth when it comes to 9/11? They lied about Vietnam, Iraq invasions, and withdrawals, not torturing, etc…
jerry harshman on Sun, 24th Apr 2016 3:12 pm
Evidence doesn’t support the severe predictions, yes the U.S. hegemony using the dollar is starting to decline, (largely due to huge military overspending piling up huge government debt), but decline is not collapse. China is trying to strengthen the RMB, but doesn’t want the dollar to go away or collapse, as they are holding several trillion in U.S. dollar denominated debt. Saudi Arabia doesn’t want the dollar to collapse as they have large U.S. holdings that would be hugely devalued. It is in no ones best interest to have the dollar collapse or go away, but many nations want to escape the “dollar slavery” brought on them by the current world financial system instituted by the 1946 New Bretton Woods Agreement, that established the dollar as the basic world currency, with all others being subservient. At that time the U.S. was the worlds only viable economy, & the dollar was the worlds only viable currency, that condition no longer exists, nothing lasts forever. With the rise of the German economy, then the Japanese, & now the Chinese economy, the world is far more balanced, no one nation can dominate the world. Now with the huge world surplus of crude oil & the accompanying price decline, no nation or cartel can prop it up, the “petro dollar hegemony” is rapidly collapsing, (which is probably a good thing), allowing more natural “supply & demand” economics to take hold, with the accompanying financial reality to come into being. The table was clearly stacked in favor of U.S. world dominance by “Bretton Woods”, but that was over 70 years ago, now the U.S. must control its military spending & balance its budget & stop trying to militarily control the world, or the dollar will collapse.
Davy on Sun, 24th Apr 2016 3:29 pm
Hey, pickles, talk normal and less like an extremist and you will be more believable. I am not saying some of what you say does not have some validity but your focus and extreme positions negate a rational argument. The bigger fish to fry is near term extinction. I could give a shit about the Bush crime family and your “everything is the mericants fault” lazy position.
impaler on Sun, 24th Apr 2016 3:37 pm
“the 9/11 cover-up” – coverup you say…do explain…
the chinese backing money with gold. we used to do that. now we dont. could it be it actually makes money more valuable that way? such a shock…
I think the Saudi’s should be held accountable though. Someone needs to be for the actions of their citizens. They hold christians from other countries accountable for their laws broken in their country, why should they not be for their own in other countries?
Davy on Sun, 24th Apr 2016 3:50 pm
Impaler, the Chinese are not backing money with gold. You guys are confused. They are growing their reserves wich supports their current account position but those gold holdings are not linked to their currency. They are also manipulating their currency value which is costing them reserves. They are creating a huge amount of credit which most recently was to the tune of $1Trillion.
Gold is insignificant an element in this Ponzi game. It will remain once the economic storm moves through but remain for what? You can’t eat gold. Gold won’t power your car. That is what is going to be in short supply.
geopressure on Sun, 24th Apr 2016 4:07 pm
Davy, you are mistaken… As of last week the Yuan is Fixed to Gold… & the Chinese refused to even set up an exchange rate between U$D & the new Gold-Fixed Yuan…
Tomorrow, the Saudis are going to announce that going forward, they will only accept Yaun (& possibly the UK’s Pound) in exchange for their oil… It will forever change the world, though I will be very surprised if Western Media even covers it…
Crude will no longer be priced in the U$D…
The demand for US Treasuries will become nonexistent & that is a MAJOR source of US Revenue – The Petrodollar is why we live so far beyond our means… All the revenue from treasury auctions will dry up.
& this is happening tomorrow!!!
Now, I am not a big fan of gold, but right now, it looks like the value of the dollar is about to crash & the value of any commodity relative to the dollar, be it oil, gold disco biscuits, or soybeans is gonna go up…
geopressure on Sun, 24th Apr 2016 4:09 pm
All this crap about 9-11 is just a last minute attempt to extort Saudi Arabia… Or punish them…
Geets on Sun, 24th Apr 2016 4:28 pm
There is no doubt that the US hegemony will end but i am banking on it being 50 or more years away.
Even then it will likely not result in all the gloom and doom that many are forecasting and America will still be very mighty..
geopressure on Sun, 24th Apr 2016 4:37 pm
Please don’t take me for a doomer…
I just think that the world is about to make the US pay for all the wrongs that we have done to everyone over the last few years…
We’ll find out tomorrow if we loose the revenue source that has allowed us to be the only super-power for so long…
Davy on Sun, 24th Apr 2016 4:39 pm
Wow, someone is losing it??? Geo, you may have some geology background but you are a loose cannon with finacial matters. Please explain the Yuan fix to gold”. Doozie. You are confusing the Chinese quoting gold prices in Yuan. That is quite a different story. It is an effort by the Chinese to gain more control over gold prices. They are a major gold reserve country. It is perfectly natural and logical for them to seek more control if for no other reason than to avoid be hosed by the corrupt gold price fixing elsewhere. They want to get in on the action and do some hosing.
Davy on Sun, 24th Apr 2016 4:44 pm
Geet, we are in a multipolar interconnected world. The US is central to that. The US no longer has hegemony it does have great power status as does other powers. That is why we call it a multipolar world. Hegemony ended the day we crossed the boarder into Iraq from Kuwait in 03 or there abouts.
niteowll01 on Sun, 24th Apr 2016 4:57 pm
Let them dump. The Petro dollar is dead. The fatal wound happened years ago when Russia and China decide to go around it. Like a snake bite victim, still alive, but doomed. Saudi Arabia has been in huge financial trouble for years. They have lost control of it’s best oil wells to inside factions. They can’t afford to kick the dollar right now. We have accuse many countries of inhuman crimes against it’s own people. Few if any top Saudi Arabia’s. About time their involvement is exposed.
Say u say me on Sun, 24th Apr 2016 5:11 pm
Davy- YOU ARE A GOVERNMENT SHILL.
Davy on Sun, 24th Apr 2016 5:33 pm
Say you what? What a dumbass. Stick around and contribute and prove you are a real person. I am here everday. People that are here regularly know me good or bad. You are just a digital fart that stinks for a moment then is gone.
onlooker on Sun, 24th Apr 2016 5:54 pm
Davy has some strong opinions but he is not a govt shill. Your accusation is totally without merit especially considering you hardly contribute here anything of value. Keep your accusations to yourself or debate someone on the merit of their arguments.
JuanP on Sun, 24th Apr 2016 6:02 pm
Davy is no government puppet. The US government would not hire such a delusional mental case, they’re not that fucked up. Davy is just blind to the truth and reality where he, his family, his religion, and his country are concerned. Other than that he is a well educated, smarter than average person.
Davy on Sun, 24th Apr 2016 6:44 pm
Juan, I was laughing earlier about you comment about lying and the truth. You where whimsically debating in your head your honesty and mental fortitude which is a lie. You lie when it serves your purposes especially when you attack others. You lie to yourself everyday you get up and make a life in the US like you have a reason to be here.
You are a degenerate South American living illegally in the US per standards of decency. If you hate the US and its people leave. Instead you are scum that hitches a ride on our prosperity. Go play with your kite board and kayaks in Biscane Bay with your fellow degenerated rich South Americans. Must be nice to play in south Florida as your entire continent crumbles in failure. Stupid.
Pete on Sun, 24th Apr 2016 6:58 pm
The US expansion of its currency stopped at Syria because now its petrodollar’s value cannot be supported by oil.
geopressure on Sun, 24th Apr 2016 7:07 pm
Davy; If you don’t know what a gold fix is then why are you trying to enter this conversation?
geopressure on Sun, 24th Apr 2016 7:09 pm
With all due respect Davy, you have no idea what you are talking about…
geopressure on Sun, 24th Apr 2016 7:16 pm
I don’t think that any of you guys know what the ‘petrodollar’ is…
Explaination::
Since Nixon was president in the 1970’s, Kissinger talked the Saudi King into demanding U$D for their oil… All countries who want oil first have to go to Washington, & purchase dollars at a US Treasury Auction – then they can trade those dollars for oil…
It allows the US to dilute the dollar at a phenomenal rate. Rates that would cause immediate hyperinflation if those dollars were not being stacked up in some closet in Saudi Arabia…
That is all the petrodollar is – a means of diluting the U$D without causing inflation…
It is why our standard of living is so far beyond our means…
onlooker on Sun, 24th Apr 2016 7:22 pm
Geo is right about the Petrodollar. That is also why the Dollar is the premier Reserve currency in the world diluting the Dollar even further.
Steve on Sun, 24th Apr 2016 7:35 pm
Before the bush tax cuts that created 2/3 OF THE DEFICIT, this would not have been considered with the surplus’s causing the dollar to be worth more and more every year…………
geopressure on Sun, 24th Apr 2016 7:43 pm
I’m pretty sure that Bush tax cuts did not create 2/3rds of the deficit… That one’s all on Obama…
geopressure on Sun, 24th Apr 2016 7:45 pm
maybe so, hell, I don’t know…
Bush’s legacy is about to look Awesome compared to what Obama’s about to cause…
Apneaman on Sun, 24th Apr 2016 7:45 pm
The Pain You Feel is Capitalism Dying
To see how broken things have become you’ll have to think systemically. Take note of the systems built up to create this situation and understand how it came to be — so you’ll see why it cannot possibly continue on its current path.
First, a diagnosis of the problem:
more
https://medium.com/@joe_brewer/the-pain-you-feel-is-capitalism-dying-5cdbe06a936c#.y8t4c1soq
Davy on Sun, 24th Apr 2016 7:57 pm
The petrodollar is a phenomenon of oil nations earning more money than they can invest in their own economy so these oil export dollars circulates back into the global economy benefiting a wide range of economic participants. It is related to the US having a reserve currency status and that status is related to the requirements of the global system for liquidity for many reasons besides just oil.
Until there is an alternative to the dollar the global economy functions on a significant liquidity contribution of the US dollar. This is in every market not just oil. Since no currency or even a basket of currencies is in a position to usurp the importance of the dollar in world trade the death of the petrodollar phenomenon is a zero sum gain. The phenomenon reverses with flows at times of low oil prices.
The decline of the petrodollar is related to the fact that the phenomenon is least pronounced when oil prices are low not a confidence issue nor a sign the dollar will be debunked from reserve currency status. What will end the dollar as a global reserve currency is the end of globalism not some vague notion of toppling the dollar by anti-Americans. It could also be a global agreement and monetary cooperation of which the US and the dollar must play a part. It appears the end of globalism is the likely outcome for the end of the dollar because there is no sign of a cooperative effort to redesign the global system at the moment.
Apneaman on Sun, 24th Apr 2016 8:01 pm
Glenn Greenwald: What Is Happening in Brazil is Much Worse Than Donald Trump
https://www.youtube.com/watch?v=1bA01ddqUHQ
Brazil Is Engulfed by Ruling Class Corruption — and a Dangerous Subversion of Democracy
https://theintercept.com/2016/03/18/brazil-is-engulfed-by-ruling-class-corruption-and-a-dangerous-subversion-of-democracy/
makati1 on Sun, 24th Apr 2016 8:05 pm
Ap, interesting article, but still a bit of rah rah, we can change it … IF …
No change is coming, and I think it is way too late even if it does, but we can dream.
geopressure on Sun, 24th Apr 2016 8:05 pm
The benefit that the US achieves from the relationship is the ability to Dilute their currency at levels that no other country can eve fathom…
Think about it, the largest, ongoing transactions on the planet & the US Gets to print all that currency without experiencing any inflation…
—
You have been reading what the US Government WANTS you believe the petrodollar is, which is BS…
If all those dollars came back into our economy that would equal inflation…
It’s common sense & you have been tricked…
geopressure on Sun, 24th Apr 2016 8:08 pm
Beware of propaganda, Davy…
if you look up the Wiki page for petrodollar, you are gonna find U.S. Propaganda…
Davy on Sun, 24th Apr 2016 8:22 pm
“If all those dollars came back into our economy that would equal inflation…” Geo, get a hold of yourself. Currencies are a zero sum gain so the whole system is going to go haywire if all those dollars go back into the economy. You want to decouple issues from effect and that does not work in the real world.
JuanP on Sun, 24th Apr 2016 8:45 pm
There goes Davy, once more demonstrating how great US Americans are and how much better the USA is than the rest of the world. Every time you open your mouth you prove my point that some US Americans are the scum of the Earth. You are typical US American delusional exceptionalist scum, Davy. Please write another comment and prove me right again, nutcase!
Apneaman on Sun, 24th Apr 2016 8:58 pm
mak, it’s almost impossible to find an article or even a scientific paper without even a sliver of hope message at the end. I think it is an unofficial rule or they won’t accept it and it’s also natural for most people to leave a glimmer of hope. A kindness. No worries, I’m doing all I can to make up for it.
This lady don’t pull any punches
ENVIRONMENTALISM IS DEAD – WELCOME TO THE AGE OF ANTHROPOCENTRISM [MCKIBBEN’S DIVESTMENT TOUR – BROUGHT TO YOU BY WALL STREET: PART XIV OF AN INVESTIGATIVE REPORT]
http://www.wrongkindofgreen.org/2016/04/22/e-is-dead-welcome-to-the-age-of-anthropocentrism-mckibbens-divestment-tour-brought-to-you-by-wall-streetpart-xiv-of-an-investigative-report/
Boat on Sun, 24th Apr 2016 10:06 pm
ape,
If there is nothing a person can do, why worry about it.
makati1 on Sun, 24th Apr 2016 10:50 pm
Boat, that sounds like a quote from the poster boy of stupidity. “What? Me Worry?”
There is a big difference between worrying and preparing. We are preparing, not worrying. Denial is going to get many of you all killed when the SHTF.
Apneaman on Sun, 24th Apr 2016 11:32 pm
Boat, I don’t think you should worry. It’s very unhealthy – kills more people that anything else. Some may want to take steps to extend their lives (like moving to higher ground) and/or lessen the pain for themselves and loved ones. It’s not all that different than life itself. I mean when you are around 8 years old or so, you become aware that you are going to die someday, but you still get on with living. Still get up everyday. It’s the way were wired – to seek rewards. I know you said you bought your house at higher elevation, but your in a bad spot. It’s going to keep happening. 17 inches in one day and it wasn’t even a hurricane or tropical storm. For every 1C increase in warming the atmosphere holds another 7-10% more moisture. We’re 1 C above the 1880 baseline and temps are going off the charts. The scientists are blown away. It ain’t no joke. I have read a number of local articles from Houston where they are all looking to blame, but AGW is not mentioned. It’s the pavement or over development. Whatever. Fools – wilfully blind fools. Thing is, Houston cannot engineer it’s way out. I know what some of the civil engineers and others are saying should be done but it won’t be enough and they are talking about spending big. They are underestimating what’s coming. IMO, a wise person would move soon while their house still has good value. Once the rush starts it will be too late. To tell the truth I do worry, but just not about me. I worry about my family and especially all my young nieces and nephews. There is nothing I can do for them and I don’t like that.
NN on Mon, 25th Apr 2016 12:18 am
Hail to the commies! ))
Apneaman on Mon, 25th Apr 2016 12:45 am
Broke and Paranoid…How the US Risks Nuclear War
“This is the first point. Washington’s assessment of security risks in the world is so far off reality. It is often prejudiced, subjective, heavily propagandized, and inaccurate.
Take the recent close encounter in the Baltic between the USS Donald Cook guided-missile destroyer and Russian fighter jets. The incident was some 70 nautical miles off Russia’s territory, yet US officials decried it as “evidence of Russian aggression”.
Read more: http://sputniknews.com/columnists/20160422/1038434280/us-russia-china-geopolitics.html#ixzz46oXobbJ0
Boat on Mon, 25th Apr 2016 3:52 am
ape,
I live 39 miles from downtown. 17″ is alot of rain. The area around the house has had 10 but 17 might require a boat to get to it.
Boat on Mon, 25th Apr 2016 3:57 am
ape,
Was it in international waters? Not that sputnik would embellish the news.
carl mosconi on Mon, 25th Apr 2016 4:02 am
Dollar done? What a load of B.S.!
Dannie on Mon, 25th Apr 2016 4:28 am
So let’s have a fire sale. They paid full price to purchase the asset. When they want to sell Billions of dollars worth quickly, the price will drop. Let’s pick up those assets at 10 cents on the dollar. If they don’t want to dump a big chunk of their US holdings all at once, the market will adjust and there will be no major impact. It would just be business as usual. Assets are bought and sold everyday