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New Jim Willie interview breaking down the Turmoil in the Arabian peninsula is a throbbing signal of the death throes of the Petro Dollar

 
Uncle Fuck Stick
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07/05/2017 11:23 AM

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New Jim Willie interview breaking down the Turmoil in the Arabian peninsula is a throbbing signal of the death throes of the Petro Dollar
link to interview [link to media.tfmetalsreport.com]


[link to www.tfmetalsreport.com]
Jim Willie returns for a comprehensive discussion of the petrodollar and how current events around the Arabian Peninsula are a sign of great distress for this monetary scheme.

Again, what is the "petrodollar". The idea was championed by Henry Kissinger in 1973 as a way to create ongoing demand for US dollars by maintaining the pricing of crude oil in dollars only. The effects of this were two-fold:

To create constant demand for dollars...dollars which were now completely unhinged from any gold backing...and this demand would soak up any excess supply of new currency being printed in the US for military and social purposes.
To force oil-exporting nations to keep their foreign currency reserves in dollars, thus creating an ongoing demand for US treasury bonds. This constant demand for bonds would help to keep interest rates...and thus the US debt service cost...unnaturally low.
As a result, any threat to this...

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Uncle Fuck Stick  (OP)

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07/06/2017 06:29 PM

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Re: New Jim Willie interview breaking down the Turmoil in the Arabian peninsula is a throbbing signal of the death throes of the Petro Dollar
Four Arab States to Take 'Political, Economic and Legal' Measures Against Qatar

[link to sputniknews.com (secure)]

The Saudi-led bloc of Arab states which also includes Bahrain, Egypt and the United Arab Emirates, has announced that negotiations with Qatar have broken down because of Doha's failure to meet their demands. As a result, the four states have withdrawn their list of demands and have announced their intention to punish Qatar.

The four Arab states called Doha's refusal to meet their demands proof of Qatar's links to Islamist and terrorist groups. As a result, they will take political, economic and legal measures against the Qatari government, the bloc said in a joint statement carried by state media in the member countries.

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Last Edited by Uncle Fuck Stick on 07/06/2017 06:30 PM
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