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The American Empire in a Changing World



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Tuesday, March 27, 2012

''Countries Swapping Billions & Transferring Oil Ahead of War''

From King World News

"With gold and silver surging higher recently, today King World News interviewed 40 year veteran, Robert Fitzwilson.  Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the Unites States.  He told King World News that countries are engaging in currency swaps out of fear of being cutoff from international transfers." 


“Another development that’s been happening in recent days is swaps are being made.  China and Australia just recently completed a $31 billion swap of their currencies.  To me that’s tantamount to barter.  These countries have essentially pre-positioned their currencies, probably because they are worried about being cutoff from international transfers."

“As we now know, South Africa is actively trying to participate in dethroning the dollar as the reserve currency.  If you look at the pattern of what is happening, these are like mini earthquakes all over the world." 

When you add these seismic events together, it suggests that something may be imminent, perhaps in the next month or two.  Saudi Arabia is suddenly sending 22 million barrels to the United States.  Why did they do that?  

Are they trying to get paid for it before there is some sort of eruption in the Middle-East?  Is the US stockpiling oil ahead of war?  There are military assets being positioned all over the Middle-East, on all sides.  So something is building and these countries are taking action ahead of that for self preservation which is understandable.”


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