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Triple-Digit Inflation Coming to USA if Saudi Arabia Dumps Petrodollar

Triple-Digit Inflation Coming to USA if Saudi Arabia Dumps Petrodollar

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In recent weeks, a number of indicators have appeared that warn of impending financial trouble. Last week the International Monetary Fund released a new Global Financial Stability Report that warns that a series of cascading shocks endanger global financial stability. The IMF said the health of the global financial system had materially worsened since last year’s report. Nearly every central bank in the world is raising interest rates after years of negative rates. Billionaire Ray Dalio said the US economy…

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Biden’s epic failure with Saudi Arabia

Biden’s epic failure with Saudi Arabia

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Yesterday, the geopolitical balance shifted and yet I cannot find a single article about this in the whole NZ media. Biden’s Secret Promise To OPEC Backfires: Shellenberger Submitted by Michael Shellenberger, In early September, United States Secretary of Energy, Jennifer Granholm, told Reuters that President Joe Biden was considering extending the release of oil from America’s emergency stockpiles, the Strategic Petroleum Reserve (SPR), through October, and thus beyond the date when the program had been set to end. But then, a few hours later, an…

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RUSSIAN SANCTIONS AND THE DEATH OF THE DOLLAR

RUSSIAN SANCTIONS AND THE DEATH OF THE DOLLAR

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John Titus is an expert on money, and has been on my podcast before. His YouTube channel is superb, although it will probably get torpedoed by the thought police soon. John joined me for a conversation around the Russian sanctions and why they will tank the US dollar; the stupidity of the West; what is real money and why it matters; the importance of gold and silver; and getting off the digital grid. John’s commentary is both savage and superb….

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Michael Hudson: Interview with Margaret Flowers, WBAI, March 29, 2022

Michael Hudson: Interview with Margaret Flowers, WBAI, March 29, 2022

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This is a very important interview that is full of information that was new to me Margaret Flowers: You’re listening to Clearing the FOG, speaking truth to expose the forces of greed, with Margaret Flowers. And now I turn to my guest, Michael Hudson. Michael is the president of the Institute for the Study of Long-term, Economic Trends, ISLET. He’s a Wall Street financial analyst and a distinguished research professor of Economics at the University of Missouri, in Kansas City. He’s…

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Putin pegs the Russian rouble to gold

Putin pegs the Russian rouble to gold

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I don’t think this movement by Vladimir Putin can be dismissed. When Saddam Hussein and Col. Gadhaffi announced the introduction of a gold dinar they were marked for destruction. Times have changed. “Russia won’t engage in charity” “Russian President Vladimir Putin has made a public statement on video about what has taken place with binding the Ruble to Gold. In that statement, he points out that Western Nations have simply STOLEN Russia’s foreign currency reserves and Gold Bullion Reserves, and…

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HUGE: Russia To Demand “Hostile States” Pay In Rubles For Gas

HUGE: Russia To Demand “Hostile States” Pay In Rubles For Gas

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  Zero Hedge, 23 March, 2022,   With the ruble mostly stuck in sanctions limbo and trading around 100 to the dollar in recent days (an improvement from the USDRUB 140 hit on March 8), the Kremlin appears to have found a new way to prop up the Russian currency besides merely central bank interventions: make foreign customers of Russian gas demand it. During an address to the nation moments ago, Vladimir Putin said that Russia will demand that countries it…

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Petrodollar & Fatima: Saudis To Sell Oil in Yuan…Pope to Consecrate Russia to Virgin Mary

Petrodollar & Fatima: Saudis To Sell Oil in Yuan…Pope to Consecrate Russia to Virgin Mary

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It is known as the Petrodollar. The sale of oil worldwide has been pegged to the US Dollar since the days of Richard Nixon and Henry Kissinger in the early 1970s. The status of the US dollar as the world’s reserve currency is dependent on the US-Saudi Arabia deal negotiated by Kissinger to link oil to the dollar. Today, the Petrodollar is in trouble. According to the Wall Street Journal, Saudi Arabia and China are in active discussions to price…

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The American Empire self-destructs

The American Empire self-destructs

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The American Empire self-destructs. But nobody thought that it would happen this fast by Michael Hudson posted by permission Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion. The basic assumption of economic and diplomatic forecasting is that every country will act in its own self-interest. Such reasoning is of no help in today’s…

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War in Ukraine: The ECONOMIC SUICIDE of the West is now under way

War in Ukraine: The ECONOMIC SUICIDE of the West is now under way

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Hal Turner writes the following Jerome Powell: “The war underscores the need for action on Digital Currency.”  https://halturnerradioshow.com/index.php/en/news-page/world/ukraine-march-2-2022-kherson-captured-southeast-of-entire-country-conquered UPDATE 11:47 AM EST — Federal Reserve Chairman Jerome Powell just made a strange statement: “The war underscores the need for action on Digital Currency.”    WTF?   Why in the world would those two things be connected?   This has “bad” written all over it! UPDATE 11:54 AM EST — Federal Reserve Chairman Jerome Powell has REFUSED to answer when asked at a Press Conference…

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BREAKING! HUGE ANNOUNCEMENT BY CHINA SOON

BREAKING! HUGE ANNOUNCEMENT BY CHINA SOON

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This is of course speculative and I do not take Christopher Green at his word, however.. That could be compared with what Hal Turner is saying back at the end of August. Something happened that is – and history will record it as being — THE “Black Swan Event” for the United States. Saudi and Russian officials Tuesday announced the signing of military cooperation pact between the two countries. Saudi Defense Minister Khalid bin Salman announced the agreement via Twitter,…

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