''When Will the Lying Western Press Stop Using the Term “Al-Qaeda,” When Referring To Saudi Terrorism?''

From 'There are no Sunglasses'
Intro by Peter

''The all-encompassing term "al-Qaeda," is a descriptive term, used when referring to the principle of Saudi/Wahhabi oversight.  There is no such animal as "al-Qaeda," the alleged international terrorist organization, but there IS a Saudi terrorist organization of global reach.  The supposedly super-scary Algerian incident was NOT the work of an International Islamist, but simply the work of Algerian militant Muslims.  The alleged "all-Qaeda" link is the Saudi/Wahhabi influence that makes news-bites from all such groups sound the same.  That is all the Western press needs to create the myth of AL-Q.  Every step taken over the years by the group of terrorists known as Al-Q is a step taken by the Saudi royals, to implement their own agenda (which is shared with the CIA), moving in an ocean of petrodollars, hoping to secure their own global empire.  CIA patronage of this Saudi "Islamist" force for many decades, is the controlling power which allows the Saudis to keep expanding their subversive reach, while enabling them to direct where the Islamists are allowed to blow-off jihadi steam, without damaging Saudi/US interests.''

read more 

Jim Willie: 'The Gold War'

From SilverDoctors

''The global financial crisis is better described as a global monetary war to defend the toxic USDollar, whose sunset can be seen.In the last 12 to 18 months, the monetary war has again morphed, this time into a far more serious and financially violent global Gold War. Nations are fast realizing that their only true liquid assets of value are their gold reserves, and even they have been tampered with or stolen in a vast re-hypothecation scheme.''


read more

''CURRENCY CARTEL: Counterfeiting "Risk Free"

From GoldSeek

''An 'expiring' Petro$$ Strategy, a shift by central banks of the emerging countries to buying gold and the shrinking of the US as a trade and industrial power, have shifted the foundation of the US$ as the global reserve currency.

Nothing is going to happen tomorrow! It is likely, as things worsen due to the problems of unsound money and fiat currencies, that the US will be the last currency to fall.

The problem now is the inevitability of a fiat system failure, and when it does, that it will fail catastrophically with unimaginable and protracted consequences. The path we are on leaves few solutions other than accelerated money printing, which is exactly what we are witnessing with.''

read more 

''Why you should care about petrodollar system''

From FTM Weekly & WND

“The Petrodollar is Either Dead or Dying”

From Gold Switzerland
By Lars Schall

''The internationally acknowledged energy consultant Chris Cook addresses in this exclusive interview the new IEA report; the pre-dominant factors in the oil market; his version of a commodity-based currency; why an attack on Iran is rather unlikely; and the consequence of a rising oil price for gold.''

read more 

''US Mint ‘Gold Disks’ Made for Oil Payments to Saudi Arabia''

proof that the saudi's got a gold kicker for their oil........time to rewrite the history books...............From CoinLink

''In Saudi Arabia, gold coins have always been important in the monetary system. For years, in fact, paper money was unacceptable, and to pay royalties to the government, Aramco once flew kegs of both gold and silver coins to jiddah. In 1952, when the Saudi Arabian Monetary Agency (SAMA) was formed, the first coin issued was a Saudi sovereign – a gold coin equal in weight and value to the British sovereign – that was later demonetized and today sells for about $124.''

''To collectors, however, the most interesting Saudi gold coins weren’t coins at all; they were “gold discs” Similar to coins, they were minted by the Philadelphia Mint in the 1940’s for Aramco, and bore, on one side, the U. S. Eagle and the legend “U. S. Mint, Philadelphia, USA” and, on the other side, three lines on the fineness and weight. They looked like coins, they were used as coins, but, technically, they weren’t coins.''

read more 

''Is the Age of the PetroDollar Over?''

From The Daily Bell

''For some ten years now, we've been writing that Peak Oil was a power elite dominant social theme and that the idea of oil scarcity was fraud.

Well ... surprise, surprise. Turns out the West – particularly the US – is just brimming with oil. Of course, this is no surprise to us. Heck, we think oil is abiotic, at least partially, cast up by geological processes. If we had to guess, we'd say oil is one of the most plentiful resources on the planet. It ranks right up there with food and water.''

read more 

''Russia and China to drive the world oil market''

From Voice of Russia

''The global oil market is moving east, says a recent report by The Wall Street Journal Europe. The oil that Russia exports to China, Japan, South Korea, the Philippines, India, Indonesia, the USA and Peru could set the world’s new oil price standard. China stands ready to service the global oil trade with its Yuan, heralding the beginning of the end for the “petrodollar” era.''

Russia and China are well positioned to help Asia's energy market to break the long standing link between crude oil and the dollar, by which the price has always been tied to American, Middle Eastern and European standards by an increasingly volatile dollar. In essence a new link is on the table: Russian ESPO oil tied to the Yuan, where the oil price will, for the first time be determined by a stable supply from East Siberia and the growing demand in Asian countries. The Chinese Yuan is therefore well placed to become the new oil currency.

read more 

''The Hidden Hand of American Hegemony: Petrodollar Recycling and International Markets''

From Google Books

"David Spiro has followed the money trail, and the story he tells, based on interviews and a painstaking accumulation of fragmentary evidence, contradicts the accepted beliefs both in the particulars and in broad outline. Most of the sudden flush of new oil wealth did not go to poor oil-importing countries around the globe. Instead the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policy makers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumerism of its citizenry."

 read more

''World Petro War II''

From Pacific Free Press
By David Chibo

''The US’s grand strategy then became to maintain its economic supremacy which depends entirely on a strong dollar and relies on its ability to force nations to make their energy acquisitions in US dollars and invest their petrodollars in US Treasuries and ultimately US banks. The US banks then use fractional reserve banking to earns around half a trillion dollars yearly while allowing the US to run up trillions in debt. If the dollar were not backed by black-gold, then central banks throughout the world would dump it overnight.''

read more 

''Oil, Dollars, Euros And Dead Iraqi's''

From 2003 and ..........................Information Clearing House
By Nick Beams

''A shift by OPEC to the euro would rapidly confront the US with an economic “nightmare scenario.” Major oil importers would need to transfer some of their funds from US dollars reserves—stocks, bonds and other assets—into euro reserves. This would see a sharp fall in the value of the dollar, possibly setting in motion a further withdrawal of funds as investors became nervous over the value of their dollar assets. Suddenly the burgeoning US debt, which at present plays little or no role in day-to-day financial calculations, would become a factor of considerable importance.

In other words, a switch in the financial basis of the oil export market, or a significant part of it, would have major consequences for the global financial position of the US, quite irrespective of whether oil was freely available or the price charged for it. However, if the US were in control of Iraqi supplies, either directly or through a puppet, it would be in a much better position to block any currency shift by the OPEC countries.''

read more 

''Petrodollar or Petroeuro? A new source of global conflict''

this article is at least 5 yrs old, but a must read......................From Feasta
By Cóilín Nunan

''This US trade deficit has now reached extraordinary levels, with the US importing 50% more goods and services than it exports. So long as the dollar remains the dominant international currency the US can continue consuming more than it produces and, for example, build up its military strength while simultaneously affording tax cuts.

Getting a share of this economic free lunch has been one of the motivations, and perhaps the main motivation, behind setting up the euro² . Were the euro to become a reserve currency equal to, or perhaps even instead of, the dollar, countries would reduce their dollar holdings while building up their euro savings. Another way of putting this would be to say that Eurozone countries would be able to reduce their subsidy to American consumption and would find that other countries were now subsidising Eurozone consumption instead.''

read more 

''How Does the Weak Dollar Affect Oil Prices?''

From Project Syndicate

''Around the world, there is anguished hand-wringing about the high price of oil. But if political leaders and policymakers want lower oil prices, they should be promoting policies that strengthen the dollar.

The implications of pricing oil in any single-currency are more far-reaching than most people think. For example, some oil-producing countries ask their customers to pay in euros, but that does not mean that their oil is priced in euros. And even if dollar prices were to be replaced by euro prices, the impact of single-currency pricing on the oil market would be the same.''    

read more 

''A Brilliant Pentagon Plan for Spreading Perpetual “Persistent War” Looks Just Like A “Failed” Terror War''

From 'There are no Sunglasses'
Intro By Peter Chamberlain

''This is an excellent explanation of the mess that we find ourselves in today, due to the miserable, evil policies of the past two American Administrations, but the author from TomDispatch misses the most important point, as always.  That singular, vital to understand point is this--the American war on terror HAS NOT FAILED, it has succeeded brilliantly in its primary mission--to spread conflict over the entire planet.  The war on terror was NEVER intended to be won, it was just a means to an end, prepositioning military forces in every nation, before unleashing global nuclear war.''

continue reading 

''I Didn't Raise My Boy to be a Soldier - the first anti-war hit record''

From 'Stop The War Coalition'...........''Released in 1915, I Didn't Raise My Son to be a Soldier, sung here by the Peerless Quartet, was the first commercially successful anti-war record and featured prominently in the American anti-war movement opposing US entry in the first world war. The warmongering ex-president Theodore Roosevelt objected to the song's message of peace and its early feminism: "Foolish people who applaud a song entitled 'I Didn't Raise My Boy To Be A Soldier' are just the people who would also in their hearts applaud a song entitled 'I Didn't Raise my Girl To Be A Mother."

The song was revived in the 1960s in opposition to the US war in Vietnam.

FOLLOW STOP THE WAR COALITION:
WEBSITE: http://www.stopwar.org.uk
FACEBOOK: http://facebook.com/stopthewarcoalition
TWITTER: http://twitter.com/stwuk

''Currency Warfare: What are the Real Targets of the E.U. Oil Embargo against Iran?''

From Global Research
By Mahdi Darius Nazemroaya

''The end of Iranian oil exports to the European Union and the decline of the euro will directly benefit the United States and the U.S. dollar. What the European Union is doing is merely weakening itself and giving the U.S. dollar the upper hand in its currency rivalry against the euro. Moreover, should the euro collapse, the American dollar will quickly fill much of the void. Despite the fact that Russia will benefit from higher oil prices and greater leverage over E.U. energy security as a supplier, the Kremlin has also warned the European Union that it is working against its own interests and subordinating itself to Washington.''

read more

''Take These Dollars, or Else!''

From Lew Rockwell

''Simply put, the dollar has for several decades been positioned as the only way for an industrialized country to pay OPEC for oil. No matter who you were, you had to buy American dollars and then send those dollars to OPEC, who would then use the money to buy American debt, or American weapons.

It was the perfect set-up. Greenspan printed worthless dollars, and gave them to people who gave us free gasoline, and free TV sets, and free wicker furniture. The game changed, however, when the Euro was introduced. Now, many oil-producing nations are accepting the Euro instead of the dollar. Saddam loves the Euro.

This new competition from the Euro makes Uncle Sam very angry. So Uncle Sam came up with a plan; he sent a secret message to all the Arabs:

You will only accept American Dollars, or we will kill you.''

read more 

 

''When will we buy oil in euros?''

From 2003 and The Guardian
 

''The oil-dollar nexus is one of the foundations of the world economy that inevitably filters through to geopolitics. Recycling so-called petrodollars, the proceeds of these high oil prices, has helped the United States run its colossal trade deficits. But the past year has seen the quiet emergence of the 'petroeuro'.

Effectively, the normal standards of economics have not applied to the US, because of the international role of the dollar. Some $3 trillion (£1,880 billion) are in circulation around the world helping the US to run virtually permanent trade deficits. Two-thirds of world trade is dollar-denominated. Two-thirds of central banks' official foreign exchange reserves are also dollar-denominated.''

read more 

F William Engdahl: ''Iraq and the hidden euro-dollar wars''

a must read from 2003...........From Global Research
By F William Engdahl

''Rather than work out areas of agreement with European partners, Washington increasingly sees Euroland as the major strategic threat to American hegemony, especially 'Old Europe' of Germany and France. Just as Britain in decline after 1870 resorted to increasingly desperate imperial wars in South Africa and elsewhere, so the United States is using its military might to try to advance what it no longer can by economic means. Here the dollar is the Achilles heel.

With creation of the Euro over the past five years, an entirely new element has been added to the global system, one which defines what we can call a third phase of the American Century. This phase, in which the latest Iraq war plays a major role, threatens to bring a new, malignant or imperial phase to replace the earlier phases of American hegemony. The neo-conservatives are open about their imperial agenda, while more traditional U.S. policy voices try to deny it. The economic reality faced by the dollar at the start of the new Century, defines this new phase in an ominous way.''

read more 

''How The Petrodollar Trade Works For The U.S. Explained''

From StockTradingMaster......................''http://www.guerillastocktrading.com/lessons/how-the-petrodollar-trade-works-f... Discover why the Federal Reserve can keep increasing the money supply and yet inflation is never a problem. Find out why countries keep buying U.S. debt.''