Currency & Trade

behold a pale horse (chapter 1) – william cooper

1991

“Bill Cooper, former United States Naval Intelligence Briefing Team member, reveals information that remains hidden from the public eye. This information has been kept in topsecret government files since the 1940s. His audiences hear the truth unfold as he writes about the assassination of John F. Kennedy, the war on drugs, the secret government, and UFOs.

Bill is a lucid, rational, and powerful speaker whose intent is to inform and to empower his audience. Standing room only is normal. His presentation and information transcend partisan affiliations as he clearly addresses issues in a way that has a striking impact on listeners of all backgrounds and interests. He has spoken to many groups throughout the United States and has appeared regularly on many radio talk shows and on television.

In 1988 Bill decided to “talk” due to events then taking place worldwide, events that he had seen plans for back in the early 1970s. Bill correctly predicted the lowering of the Iron Curtain, the fall of the Berlin Wall, and the invasion of Panama. All Bill’s predictions were on record well before the events occurred. Bill is not a psychic. His information comes from top secret documents that he read while with the Intelligence Briefing Team and from over seventeen years of research.”
 

POLITICAL INTRODUCTION

In 1954 it was well recognized by those in positions of authority that it was only a matter of time, only a few decades, before the general public would be able to grasp and upset the cradle of power, for the very elements of the new silent-weapon technology were as accessible for a public Utopia as they were for providing a private Utopia.

The ISSUE of PRIMARY CONCERN, that of DOMINANCE, revolved around the subject of the energy sciences.

ENERGY

Energy is recognized as the key to all activity on earth. Natural science is the study of the sources and control of natural energy, and social science, theoretically expressed as economics, is the study of the sources and control of social energy. Both are bookkeeping systems: mathematics. Therefore, mathematics is the primary energy science. And the bookkeeper can be king if the public can be kept ignorant of the methodology of the bookkeeping.

All science is merely a means to an end. The means is knowledge. The end is control. [THE END ALWAYS JUSTIFIES THE MEANS.] Beyond this remains only one issue: Who will be the beneficiary?

In 1954 this was the issue of primary concern. Although the socalled “moral issues” were raised, in view of the law of natural selection it was agreed that a nation or world of people who will not use their intelligence are no better than animals who do not have intelligence. Such people are beasts of burden and steaks on the table by choice and consent.

CONSEQUENTLY, in the interest of future world order, peace, and tranquility, it was decided to privately wage a quiet war against the American public with an ultimate objective of permanently shifting the natural and social energy (wealth) of the undisciplined and irresponsible many into the hands of the self-disciplined, responsible, and worthy few.

In order to implement this objective, it was necessary to create, secure, and apply new weapons which, as it turned out, were a class of weapons so subtle and sophisticated in their principle of operation and public appearance as to earn for themselves the name “silent weapons.” In conclusion, the objective of economic research, as conducted by the magnates capital (banking) and the industries of commodities (goods) and vices, is the establishment of an economy which is totally predictable and manipulative.

In order to achieve a totally predictable economy, the low-class elements of the society must be brought under total control, i.e., must be housebroken, trained, and assigned a yoke and long-term social duties from a very early age, before they have an opportunity to question the propriety of the matter. In order to achieve such conformity, the lower-class family unit must be disintegrated by a process of increasing preoccupation of the parents and the establishment of government-operated day-care centers for the occupationally orphaned children.

The quality of education given to the lower class must be of the poorest sort, so that the moat of ignorance isolating the inferior class from the superior class is and remains incomprehensible to the inferior class. With such an initial handicap, even bright lower class individuals have little if any hope of extricating themselves from their assigned lot in life. This form of slavery is essential to maintaining some measure of social order, peace, and tranquility for the ruling upper class.

DESCRIPTIVE INTRODUCTION OF THE SILENT WEAPON

Everything that is expected from an ordinary weapon is expected from a silent weapon by its creators, but only in its own manner of junctioning. It shoots situations, instead of bullets; propelled by data processing, instead of a chemical reaction (explosion); originating from bits of data, instead of grains of gunpowder; from a computer, instead of a gun; operated by a computer programmer, instead of a marksman; under the orders of a banking magnate, instead of a military general.

It makes no obvious explosive noises, causes no obvious physical or mental injuries, and does not obviously interfere with anyone’s daily social life. Yet it makes an unmistakable “noise,” causes unmistakable physical and mental damage, and unmistakably interferes with daily social life, i.e., unmistakable to a trained observer, one who knows what to look for. The public cannot comprehend this weapon, and therefore cannot believe that they are being attacked and subdued by a weapon.

The public might instinctively feel that something is wrong [ISN’T THAT THE TRUTH?], but because of the technical nature of the silent weapon, they cannot express their feeling in a rational way, or handle the problem with intelligence. Therefore, they do not know how to cry for help, and do not know how to associate with others to defend themselves against it.

When a silent weapon is applied gradually, the public adjusts/adapts to its presence and learns to tolerate its encroachment on their lives until the pressure (psychological via economic) becomes too great and they crack up.

Therefore, the silent weapon is a type of biological warfare. It attacks the vitality, options, and mobility of the individuals of a society by knowing, understanding, manipulating, and attacking their sources of natural and social energy, and their physical, mental, and emotional strengths and weaknesses.

THEORETICAL INTRODUCTION

Give me control over a nation’s currency, and I care not who makes its laws.”

Mayer Amschel Rothschild (1743 – 1812)

Today’s silent weapons technology is an outgrowth of a simple idea discovered, succinctly expressed, and effectively applied by the quoted Mr. Mayer Amschel Rothschild. Mr. Rothschild discovered the missing passive component of economic theory known as economic inductance.

He, of course, did not think of his discovery in these 20th-century terms, and, to be sure, mathematical analysis had to wait for the Second Industrial Revolution, the rise of the theory of mechanics and electronics, and finally, the invention of the electronic computer before it could be effectively applied in the control of the world economy.

GENERAL ENERGY CONCEPTS

In the study of energy systems, there always appear three elementary concepts. These are potential energy, kinetic energy, and energy dissipation. And corresponding to these concepts, there are three idealized, essentially pure physical counterparts called passive components.

(1) In the science of physical mechanics, the phenomenon of potential energy is associated with a physical property called elasticity or stiffness, and can be represented by a stretched spring. In electronic science, potential energy is stored in a capacitor instead of a spring. This property is called capacitance instead of elasticity or stiffness.

(2) In the science of physical mechanics, the phenomenon of kinetic energy is associated with a physical property called inertia or mass, and can be represented by a mass or a flywheel in motion. In electronic science, kinetic energy is stored in an inductor (in a magnetic field) instead of a mass. This property is called inductance instead of inertia.

(3) In the science of physical mechanics, the phenomenon of energy dissipation is associated with a physical property called friction or resistance, and can be represented by a dashpot or other device which converts system energy into heat.

In electronic science, dissipation of energy is performed by an element called either a resistor or a conductor, the term “resistor” being the one generally used to express the concept of friction, and the term “conductor” being generally used to describe a more ideal device (e.g., wire) employed to convey electronic energy efficiently from one location to another. The property of a resistance or conductor is measured as either resistance or conductance reciprocals.

In economics these three energy concepts are associated with:

(1) Economic Capacitance – Capital (money, stock/inventory,
investments in buildings and durables, etc.)
(2) Economic Conductance – Goods (production flow coefficients)
(3) Economic Inductance – Services (the influence of the population of industry on output)

All of the mathematical theory developed in the study of one energy system (e.g., mechanics, electronics, etc.) can be immediately applied in the study of any other energy system (e.g., economics).

MR. ROTHSCHILD’S ENERGY DISCOVERY

What Mr. Rothschild had discovered was the basic principle of power, influence, and control over people as applied to economics. That principle is “when you assume the appearance of power, people soon give it to you.” Mr. Rothschild had discovered that currency or deposit loan accounts had the required appearance of power that could be used to INDUCE PEOPLE [WC emphasis] (inductance, with people corresponding to a magnetic field) into surrendering their real wealth in exchange for a promise of greater wealth (instead of real compensation). They would put up real collateral in exchange for a loan of promissory notes. Mr. Rothschild found that he could issue more notes than he had backing for, so long as he had someone’s stock of gold as a persuader to show to his customers.

Mr. Rothschild loaned his promissory notes to individuals and to governments. These would create overconfidence. Then he would make money scarce, tighten control of the system, and collect the collateral through the obligation of contracts. The cycle was then repeated. These pressures could be used to ignite a war. Then he would control the availability of currency to determine who would win the war. That government which agreed to give him control of its economic system got his support.

Collection of debts was guaranteed by economic aid to the enemy of the debtor. The profit derived from this economic methodology made Mr. Rothschild all the more able to extend his wealth. He found that the public greed would allow currency to be printed by government order BEYOND THE LIMITS [WC emphasis] (inflation) of backing in precious metal or the production of goods and services (gross national product, GNP).

APPARENT CAPITAL AS “PAPER” INDUCTOR

In this structure, credit, presented as a pure element called “currency,” has the appearance of capital, but is, in fact, negative capital. Hence, it has the appearance of service, but is, in fact, indebtedness or debt. It is therefore an economic inductance instead of an economic capacitance, and if balanced in no other way, will be balanced by the negation of population (war, genocide). The total goods and services represent real capital called the gross national product, and currency may be printed up to this level and still represent economic capacitance; but currency printed beyond this level is subtractive, represents the introduction of economic inductance, and constitutes notes of indebtedness.

War is therefore the balancing of the system by killing the true creditors (the public which we have taught to exchange true value for inflated currency) and falling back on whatever is left of the resources of nature and regeneration of those resources.

Mr. Rothschild had discovered that currency gave him the power to rearrange the economic structure to his own advantage, to shift economic inductance to those economic positions which would encourage the greatest economic instability and oscillation.

The final key to economic control had to wait until there was sufficient data and high-speed computing equipment to keep close watch on the economic oscillations created by price shocking and excess paper energy credits – paper inductance/inflation.

BREAKTHROUGH

The aviation field provided the greatest evolution in economic engineering by way of the mathematical theory of shock testing. In this process, a projectile is fired from an airframe on the ground and the impulse of the recoil is monitored by vibration transducers connected to the airframe and wired to chart recorders.

By studying the echoes or reflections of the recoil impulse in the airframe, it is possible to discover critical vibrations in the structure of the airframe which either vibrations of the engine or Aeolian vibrations of the wings, or a combination of the two, might reinforce resulting in a resonant self-destruction of the airframe in flight as an aircraft. From the standpoint of engineering, this means that the strengths and weaknesses of the structure of the airframe in terms of vibrational energy can be discovered and manipulated.

APPLICATION IN ECONOMICS

To use this method of airframe shock testing in economic engineering, the prices of commodities are shocked, and the public consumer reaction is monitored. The resulting echoes of the economic shock are interpreted theoretically by computers and the psycho-economic structure of the economy is thus discovered. It is by this process that partial differential and difference matrices are discovered that define the family household and make possible its evaluation as an economic industry (dissipative consumer structure).

Then the response of the household to future shocks can be predicted and manipulated, and society becomes a well-regulated animal with its reins under the control of a sophisticated computer-regulated social energy bookkeeping system.

Eventually every individual element of the structure comes under computer control through a knowledge of personal preferences, such knowledge guaranteed by computer association of consumer preferences (universal product code – UPC – zebra-stripe pricing codes on packages) with identified consumers (identified via association with the use of a credit card and LATER A PERMANENT “TATTOOED” BODY NUMBER [WC emphasis] invisible under normal ambient illumination…

THE ECONOMIC MODEL

… The Harvard Economic Research Project (1948-) was an extension of World War II Operations Research. Its purpose was to discover the science of controlling an economy: at first the American economy, and then the world economy. It was felt that with sufficient mathematical foundation and data, it would be nearly as easy to predict and control the trend of an economy as to predict and control the trajectory of a projectile. Such has proven to be the case. Moreover, the economy has been transformed into a guided missile on target.

The immediate aim of the Harvard project was to discover the economic structure, what forces change that structure, how the behavior of the structure can be predicted, and how it can be manipulated. What was needed was a well-organized knowledge of the mathematical structures and interrelationships of investment, production, distribution, and consumption.

To make a short story of it all, it was discovered that an economy obeyed the same laws as electricity and that all of the mathematical theory and practical and computer know-how developed for the electronic field could be directly applied in the study of economics. This discovery was not openly declared, and its more subtle implications were and are kept a closely guarded secret, for example that in an economic model, human life in measured in dollars, and that the electric spark generated when opening a switch connected to an active inductor is mathematically analogous to the initiation of a war.

The greatest hurdle which theoretical economists faced was the accurate description of the household as an industry. This is a challenge because consumer purchases are a matter of choice which in turn is influenced by income, price, and other economic factors.

This hurdle was cleared in an indirect and statistically approximate way by an application of shock testing to determine the current characteristics, called current technical coefficients, of a household industry.

Finally, because problems in theoretical economics can be translated very easily into problems in theoretical electronics, and the solution translated back again, it follows that only a book of language translation and concept definition needed to be written for economics. The remainder could be gotten from standard works on mathematics and electronics. This makes the publication of books on advanced economics unnecessary, and greatly simplifies project security.

 

Federal Reserve and the IRS American Dream (Animation)

2011
 
The AMERICAN DREAM is a 30 minute animated film that shows you how you’ve been scammed by the most basic elements of our government system.
 
All of us Americans strive for the American Dream, and this film shows you why your dream is getting farther and farther away.
 
Do you know how your money is created or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day?
 
THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.”

What happened in 1971?

https://wtfhappenedin1971.com/

“The last remnants of the gold standard were abandoned in August 1971, when President of the United States Richard Nixon decided to close the gold window.

The “Nixon Shock” – as the unilateral suspension of Bretton Woods is often referred to – brought about a sea of change in economies and societies around the world.

To get an understanding of the changes since 1971, I decided to interview the gentlemen behind the website “WTF Happened in 1971?

The last remnants of the gold standard were abandoned in August 1971, when President of the United States Richard Nixon decided to close the gold window (foreigners couldn’t redeem dollars for gold at the Treasury anymore). From 1945 until 1971, the U.S. dollar was backed by gold, and served as the world reserve currency under a system called Bretton Woods.”

JFK To 9/11: Everything Is A Rich Man’s Trick

2014
 

“This is one of the only documentaries that actually speaks on the real Secret Societies which for most are still a secret. Shocking, informative, eye-opening, professionally presented, and well worth a very attentive watch, or two.

Authoritatively written and narrated by Francis Richard Conolly, the film begins its labyrinthine tale during the era of World War I, when the wealthiest and most powerful figures of industry discovered the immense profits to be had from a landscape of ongoing military conflict. The film presents a persuasive and exhaustively researched argument that these towering figures formed a secret society by which they could orchestrate or manipulate war-mongering policies to their advantage on a global scale, and maintain complete anonymity in their actions from an unsuspecting public. Conolly contends that these sinister puppet masters have functioned and thrived throughout history, to the build-up and aftermath of September 11.

Everything is a Rich Man’s Trick examines a defining event of our times from a perspective not often explored. While it may or may not win over viewers who remain skeptical of mass-scale conspiracy, it presents its findings in a measured and meticulous manner that demands attention and consideration.”

Episode 310 – How Big Oil Conquered The World

https://www.corbettreport.com/episode-310-rise-of-the-oiligarchs/
Q4 2015

From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world. And this is the story of those who helped shape that world, and how the oil-igarchy they created is on the verge of monopolizing life itself.

With this base for transformation firmly established, the Rockefeller Foundation and like-minded organization embarked on a program so ambitious that it almost defies comprehension.

They transformed the practice of medicine.

As usual, the oiligarchs that funded this change were also there to profit from it, and once again John D. took his cue from “Devil” Bill’s example. William Rockefeller had called his brand of snake oil “Nujol,” for “new oil,” and Standard Oil spun off “Nujol” as a laxative under their Stanco subsidiary. Manufactured on the same premises as “Flit,” an insecticide also derived from Standard Oil’s byproducts, “Nujol” sold at the druggist for 28 cents per six ounce bottle; it cost Standard Oil less than one-fifth of a cent to manufacture. Pharmaceuticals provided a lucrative new opportunity for the oiligarchs, but in a turn-of-the-century America that was still largely based on naturopathic, herbal remedies, it was a tough sell. The oiligarchy went to work changing that.

 

The Petroyuan is the answer to the Middle East’s problem

https://theduran.com/the-petroyuan-is-the-answer-to-the-middle-easts-problem/
2017

Ultimately though, Iran, as a nation effectively cut off from the US based financial system through sanctions, ought to send an even stronger and in the long term, a more viable message. Iran can tell the Islamic world to jump onto the Chinese Yuan as a standard means of international exchange.

Apart from nuclear weapons, which even at this stage in American history, are unlikely to be used, the biggest means of leverage the United States has over adversaries is the power of the US Dollar and the Petrodollar in particular.

In 1973, shortly after the official birth of the Petrodollar, following on from Richard Nixon ending the gold based Bretton Woods system, OPEC, led by Gulfi Arab states, cut oil production, thus increasingly the price of oil to such an extent that many Israeli allies, including and especially the United States paid a large economic, financial and social price. Consumers were hit hard and this led to widespread discontent among western populations who rarely get exorcised about foreign policy matters.

The 1970s oil embargo was an example of mostly Arab nations using their oil wealth as leverage against the US. Today, with the US increasingly energy self-sufficient, a repeat of the 1973 oil embargo would not be as impactful, but if OPEC switched to selling oil futures contracts in the Petroyuan rather than the Petrodollar, the effects could far eclipse the impact of the 1973 oil embargo while also outlasting them. Venezuela has already taken such a move to effectively circumvent aggressive US sanctions against Caracas.

A pan-OPEC switch to the Petroyuan would represent a seismic hit to the prestige of the Dollar, one which would diminish one of the increasingly few leverage points the US has over the wider world. Furthermore, it would prepare OPEC for such a time when China will float the Yuan, which is all but inevitable in the long term, thus reducing the Dollar’s might, many fold.

A global switch from the Dollar to Yuan as the standard means of exchange in international trade would signify Chinese rather than US domination of international monetary markets and in an inevitably inter-connected world, the country which dominates international monetary systems, dominates almost everything else.

China is well on its way to this domineering position and will soon be in a position to demand OPEC begins trading in the Petroyuan. However, if OPEC were to to preempt China and voluntarily abandon the Petrodollar, Middle Eastern nations would break-free of the cycle of co-dependence with the US which has allowed Washington and Tel Aviv to treat governments in the Middle East as contemptuous satellites to politically de-stabilise at will.

This is not to say that China itself would help Iran or others to lead such a move because of Palestine. China, like Russiam remains neutral in the Middle East. The role of superpowers is naturally to cultivate lasting bonds between traditional allies while fomenting new ties to historically less friendly nations. China and Russia are both doing just that in the Middle East and it is already helping to de-escalate tensions as the largely Russian authored Astana process is proving. The United States which remains stuck in an ideological induced delirium has set a poor example for the proper role of a superpower in a so-called civilised age.

For China, the issue of Palestine is a matter of longstanding conscience and a consistent one, but it is not a matter of passion. China after all does business with Iran and Saudi Arabia–Israel and Syria. That being said, China would welcome any nation happy to trade in the Petroyuan, irrespective of the domestic justification.

Iran, Syria and to a degree, even Iraq have nothing to lose by switching to the Yuan as a de-facto trading currency, but that being said, even a close US ally like Saudi Arabia could stand to gain much.

China will soon eclipse the US as the world’s foremost economic superpower in areas which it hasn’t already and likewise China’s international markets as part of One Belt–One Road, will mean that all of roads of global trade will both literally and metaphorically lead to Beijing.

Most crucially, unlike the US, China places no policy caveats on financial, commercial and monetary affairs. This means that the Petroyuan would not inhibit Middle Eastern countries from developing a more independent foreign policy the way the US Dollar has made much of the Middle East totally subservient to a foreign policy authored in Tel Aviv and executed by the Pentagon.

Of course, the US has been known to use its military weapons against countries which threaten its weaponised Dollar, but if OPEC as a whole, along with OPEC’s clear partners made the switch all at once, the US would be clearly limited in its realistic options, especially with China on the other end of the proverbial mega cash register.

The future the Middle East craves is one that is not for sale–but it can be bought and sold via the Petroyuan.

Russia dumps half of its US Treasury bonds

https://thepeoplesvoice.tv/russia-has-sold-half-of-its-us-treasury-bonds/
Q2 2018

In just one month, Russia proceeded to sell $47.4 billion out of the $96.1 billion the country had in US treasury bonds in March. The latest statistics released by the US Treasury Department on Friday showed that, in April, Russia had only $48.7bn in American assets, occupying 22nd place on the list of “major foreign holders of Treasury securities.”

China, which holds the most US Treasury bonds, also sold off some seven billion-worth of its American assets, from March to April, and now has $1.18 trillion invested in securities. Japan, which is positioned second on the list, in the same timeframe sold off some $12 billion, leaving just over a trillion dollars in US coffers. Ireland, which had $300.4 billion in April also managed to ditch over $17 billion in US assets.

China Moves to Destroy US Dollar As They Launch the Gold-backed Petro-Yuan

https://thefreethoughtproject.com/the-state/us-dollar-death-blow-china-petro-yuan
2018

In a massive move against the global dominance of the U.S. dollar, China’s highly anticipated Petro-Yuan has been launched in Shanghai. With China being the world’s largest consumer of oil, this new currency is an international game-changer that was a predicted move by China to directly compete—and subsequently devalue—the US dollar.

Analysts call the plan, announced by Beijing in September, a huge move against the dollar’s global dominance – and reserve currency status.

The Chinese government reportedly plans to allow the crude oil futures contract priced in yuan to be fully convertible into gold.

These contracts will thus enable China’s trading partners to pay with gold or to convert yuan into gold without the necessity to keep money in Chinese assets or turn it into US dollars, according to Bloomberg.

Essentially, the new benchmark will allow exporters, such as Russia, Iran or Venezuela to avoid US sanctions by trading oil in yuan that is convertible to gold – thereby negating the hegemony of the petrodollar.

China, Russia Ditching US Bonds

https://beforeitsnews.com/politics/2019/09/china-russia-ditching-us-bonds-3137787.html
Q3 2019

Russia is reducing the volume of investment in US government debt, fell in July 2019 to its lowest level in 12 years. Russia buying US bonds decreased by almost 35 percent since the start of the year. China is showing a similar pattern of divestment.

The Russian central bank move is to secure the country’s foreign reserves. The bank is also exchanging US Dollars for Euros. According to analysts the yield of US government bond is declining so investment in the US treasury securities is becoming less attractive to foreign investors.

China will further cut holdings of US bonds – Global Times ‘experts’

https://www.forexlive.com/news/!/china-will-further-cut-holdings-of-us-bonds-global-times-20200903
Q1 2020

State-sanctioned Global Times — citing economists — says China will cuts its holdings of US bonds from the current level of above $1 trillion to about $800 billion on worries about US crackdowns and a ballooning US deficit.

This is framed as speculation but nothing gets past the Chinese censors unless they’re sending a message.

China will gradually decrease its holdings of US debt to about $800 billion under normal circumstances. But of course, China might sell all of its US bonds in an extreme case, like a military conflict, Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Thursday.

One reason for the bond selling is because Beijing is increasingly concerned about the potential risks behind surging debt level in the US, experts said.

Oil Price Plummets Into Negative Territory

https://foreignpolicy.com/2020/04/21/oil-plummets-negative-price-oil-glut/
Q2 2020

U.S. oil futures collapse after traders scramble to sell May contracts before expiry.

On Monday afternoon, a gallon of milk and a barrel of oil could be bought for the same price. It got worse from there.

A combination of poor timing, nonexistent demand, lack of storage capacity, and speculative investors caused WTI Crude Oil futures, the U.S. oil benchmark, to go into free fall on Monday, eventually settling at a 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐩𝐫𝐢𝐜𝐞 𝐨𝐟 -$𝟑𝟕.𝟔𝟑 a barrel—𝐦𝐞𝐚𝐧𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐩𝐫𝐨𝐝𝐮𝐜𝐞𝐫𝐬 𝐰𝐨𝐮𝐥𝐝 𝐡𝐚𝐯𝐞 𝐭𝐨 𝐩𝐚𝐲 𝐩𝐞𝐨𝐩𝐥𝐞 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞 𝐨𝐢𝐥 𝐨𝐟𝐟 𝐭𝐡𝐞𝐢𝐫 𝐡𝐚𝐧𝐝𝐬. (The price of WTI crude for May delivery recovered to just over $0 per barrel by Tuesday morning.)

The crash came as traders rushed to ditch their investment before the financial world met the real world: The expiration date for the May futures contract is today, meaning any holder of those contracts would need to physically accept 1,000 barrels of oil at Cushing, Oklahoma. The storage facility at Cushing is already close to capacity due to weeks of low oil demand—making the contract effectively worthless. For traders accustomed to buying and selling oil only on paper, the prospect of taking physical delivery was a nonstarter—and other potential recipients of oil deliveries such as refineries or airlines aren’t keen to take it—prompting traders to offload the contract.

As Monday’s collapse shows, the market for physical oil is fading fast, and U.S. President Donald Trump is attempting to stanch the bleeding.

The End Of The (Petro)Dollar? Venezuela is Paying Iran In Gold For Help

https://web.archive.org/web/20220711223632/https://csglobe.com/petrodollar-venezuela-iran-gold-help/
Q3 2020

Oil, of course, has been mentioned frequently — Libya is Africa‘s largest oil producer. But one possible reason in particular for Gadhafi’s fall from grace has gained significant traction among analysts and segments of the non-Western media: central banking and the global monetary system.

According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.

And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan.

“Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world’s central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell, in an interview with RT.

Saudi Arabia and Russia in tight race to become China’s top oil supplier in 2020

https://www.reuters.com/article/china-oil-saudi-russia-int-idUSKBN2800H0
Q4 2020

SINGAPORE (Reuters) – Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year.

Saudi Arabia, which was China’s top supplier last year, has exported between 1.6 million and 1.7 million barrels per day (bpd) of crude from January to November 2020, as deep price cuts gave Saudi oil exports a boost this month, according to analytics firms Refinitiv, Vortexa and Kpler.

It was catching up with Russia which has exported about 1.7 million bpd of oil to China so far in 2020, with Iraq at a third place with about 1.2 million bpd.

The oil industry has been hard hit this year as the coronavirus pandemic hurt business activity and ground the travel industry to a virtual halt.

China, the world’s top crude importer, is one of the few countries to have boosted purchases in 2020, as buyers made the most of low prices earlier this year, while fuel demand recovered from the second quarter along with the broader economy.

“It looks like Russia has displaced Saudi Arabia to clinch the top spot this year,” said Serena Huang, analyst at Vortexa. “It is a neck-and-neck race and it remains to be seen as to who will be the ultimate winner.”



While all of China’s top three suppliers have increased daily exports this year, Iraq saw the biggest rise in oil exports to China so far in 2020, buoyed in part by deliveries into commercial storage tanks held by the Shanghai International Energy Exchange.

By pegging gold to the ruble, Russia has just wiped out the dollar’s clout from the world markets

https://tfiglobalnews.com/2022/03/31/by-pegging-gold-to-the-ruble-russia-has-just-wiped-out-the-dollars-clout-from-the-world-markets/
2022

Recently, the Russian central bank announced that it will put the ruble on a gold standard. The bank pegged 1 gram of gold to 5,000 rubles. Now that means, one troy ounce of gold or 32 grams of Gold would now cost 1,60,000 rubles in Russia. At the current exchange rate, 32 grams of gold would cost roughly $1,600 in Russia.

But wait, in the US, the same quantity of gold would cost you $1,928. That means Russia has effectively ratcheted up its currency’s value against the dollar by pegging it to gold. If, 1 gram of gold is bound to 5000 rubles, then according to Western standards, the ruble must be valued at 70-75 units against 1 dollar.

BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates
 

https://schiffgold.com/key-gold-news/brics-nations-developing-new-currency-as-quest-for-global-de-dollarization-accelerates/
2023

China and Brazil recently finalized a trade deal in their own currencies completely bypassing the dollar, but that’s not the only bad news for the world’s reserve currency.

Last week, a Russian official announced that the BRICS nations are working to develop a “new currency,” yet another sign that dollar dominance is waning.

State Duma (the Russian legislative assembly) deputy chairman Alexander Babakov said the transition to settlements in national currencies is the first step. We’ve already seen this occur with recent oil deals between India and Russia being settled in currencies other than dollars.

Babakov said the BRICS nations are developing a strategy that “does not defend the dollar or euro” and that “a single currency” would likely emerge within BRICS, pegged to gold or “other groups of products, rare-earth elements, or soil.”

Updated list of economic news including:

Robert Kiyosaki Says Warns of Hyperinflation, Death of US Dollar

Economist Peter Schiff advises ‘get rid of your US dollars now’ – warns USD’s reserve currency status at risk

China cuts US Treasury holdings in Feb to near 13-year low, raises economic security

https://www.globaltimes.cn/page/202304/1289349.shtml
Q2 2023

China further reduced its holdings of US Treasury debt in February to the lowest level in nearly 13 years, as other foreign holders cut their holdings by 4.7 percent year-on-year to $7.34 trillion, data from the US Treasury Department showed.

Experts noted that the Chinese mainland’s cut aims to further diversify its allocation of foreign exchange reserves, which is conducive to bolstering economic security amid external risks.

In February, total foreign holdings of US Treasury debt stood at $7.34 trillion, down from $7.4 trillion in January, while lower than $7.7 trillion in February 2022, per data from the US Treasury Department released on Monday local time.

Chinese mainland’s holdings fell to $848.8 billion in February from $859.4 billion in January. The figure stood at $1.03 trillion at the same time last year.

Japan, the largest foreign holder of US Treasury debt, cut its holdings in February to $1.09 trillion from $1.1 trillion a month earlier.

Some foreign holders, including China, have been diversifying their foreign exchange reserves, Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Tuesday.

Wang Youxin, a researcher with the Institute of International Finance at the Bank of China, said earlier that a more diversified allocation of foreign exchange reserves is conducive to enhancing national economic and financial security amid intensifying geopolitical competition, per a report from chinanews.com.

Experts also highlighted the strengthened internationalization of the yuan and the increasing application scenarios for yuan-based settlement as other reasons for China’s continuous reduction in holdings amid the global de-dollarization trend.

China has been promoting the internationalization of the yuan, aiming to use it for more foreign economic activity instead of the US dollar, and the yuan’s global role is already increasing, Xi added.

The yuan has become a relatively stable currency for global investors while China remains a top investment destination, Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology, told the Global Times on Tuesday.

Last week, China’s Industrial and Commercial Bank of China processed the first cross-border yuan settlement in Brazil at its local branch. The nation also completed first purchase of liquefied natural gas sourced from the United Arab Emirates using cross-border yuan settlement. 

Putin reveals dedollarization progress in trade with China
 
https://www.rt.com/business/579179-russia-china-trade-rubles-yuan/
Q3 2023
 
Over 80% of transactions between Moscow and Beijing are in rubles and yuan, the Russian president says
 
Russia-China trade and economic cooperation is expanding, with over 80% of settlements between the two nations currently made in rubles and yuan, President Vladimir Putin has revealed.
 
The Russian leader was addressing a virtual summit of the Shanghai Cooperation Organization (SCO) on Tuesday via videolink from Moscow. The 23rd SCO summit is being chaired by Indian Prime Minister Narendra Modi.
 
The organization was founded in 2001 as an economic and security bloc by the presidents of Russia, China, the Kyrgyz Republic, Kazakhstan, Tajikistan, and Uzbekistan. India and Pakistan became permanent members in 2017.
 
According to Putin, the volume of trade between Russia and fellow SCO member states reached a record $263 billion in 2022. The figure was up 35% in the first four months of this year, he noted. The share of the ruble in Russia’s settlements with the SCO countries exceeded 40%, Putin said.
 
Trade between Russia and China has continued to accelerate after hitting a historic high of $190.3 billion in annual terms in 2022. Exports and imports have surged at double-digit pace since the beginning of the year. According to customs data, bilateral trade soared to $93.8 billion in January-May, marking a 40.7% increase compared with a year ago. Russian Finance Minister Anton Siluanov recently said that bilateral trade is on track to surpass the target of $200 billion a year earlier than anticipated.
 
Economic ties have been bolstered by the mutual decision to conduct the majority of transactions in national currencies instead of the US dollar.

Panama Papers (2016)

https://www.icij.org/investigations/panama-papers/20160403-panama-papers-global-overview/

“A massive leak of documents exposes the offshore holdings of 12 current and former world leaders and reveals how associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies. The leak also provides details of the hidden financial dealings of 128 more politicians and public officials around the world.”

“The cache of 11.5 million records shows how a global industry of law firms and big banks sells financial secrecy to politicians, fraudsters and drug traffickers as well as billionaires, celebrities and sports stars.”

“These are among the findings of a yearlong investigation by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other news organizations.”

“The files expose offshore companies controlled by the prime ministers of Iceland and Pakistan, the king of Saudi Arabia and the children of the president of Azerbaijan. They also include at least 33 people and companies blacklisted by the U.S. government because of evidence that they’ve done business with Mexican drug lords, terrorist organizations like Hezbollah or rogue nations like North Korea and Iran.”

Paradise Papers (2017)

https://www.icij.org/investigations/paradise-papers/

“”Reveals offshore interests and activities of more than 120 politicians and world leaders, including Queen Elizabeth II, and 13 advisers, major donors and members of U.S. President Donald J. Trump’s administration”

“Exposes the tax engineering of more than 100 multinational corporations, including Apple, Nike and Botox-maker Allergan”

“Reveals tax haven shopping sprees by multinational companies in Africa and Asia that use shell companies in Mauritius and Singapore to reduce taxes”

“Shines a light on secretive deals and hidden companies connected to Glencore, the world’s largest commodity trader, and provides detailed accounts of the company’s negotiations in the Democratic Republic of the Congo for valuable mineral resources”

“Provides details of how owners of jets and yachts, including royalty and sports stars, used Isle of Man tax-avoidance structures”

Fincen Files (2020)

https://www.buzzfeednews.com/article/jasonleopold/fincen-files-financial-scandal-criminal-networks

“The FinCEN Files investigation shows that even after they were prosecuted or fined for financial misconduct, banks such as JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, and Bank of New York Mellon continued to move money for suspected criminals.”

“Suspicious payments flow around the world and into countless industries, from international sports to Hollywood entertainment to luxury real estate to Nobu sushi restaurants. They filter into the companies that make familiar items from people’s lives, from the gas in their car to the granola in their cereal bowl.”

Saudi Arabia is dramatically changing its oil exports to China and the US

https://www.cnbc.com/2019/08/15/saudi-arabia-dramatically-changing-its-oil-exports-to-china-and-the-us.html
Q2 2019

Saudi Arabia’s crude shipments to China have doubled in the span of a year. During the same period, its oil exports to the U.S. have dropped by nearly two-thirds.

The numbers signal a mix of short-term tactics and long-term strategy for the Saudis, industry experts say.

 The Spider’s Web: Britain’s Second Empire | The Secret World of Finance

https://topdocumentaryfilms.com/spider-web-britain-second-empire/
2019

Michael Oswald’s film The Spider’s Web reveals how at the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in The Secret World of Finance.

China oil imports from top supplier Saudi Arabia rise 47% in 2019: customs

https://www.saltwire.com/halifax/business/reuters/china-oil-imports-from-top-supplier-saudi-arabia-rise-47-in-2019-customs-405123/
Q1 2020

Russia, China’s No. 2 supplier, shipped a record 77.64 million tonnes in 2019, about 1.55 million bpd, up some 9% from the previous year, the data showed. Demand from China’s independent refineries for ESPO crude – one of Russia’s main export grades – helped to push the number higher.

China’s imports from the United States, badly hit by the prolonged U.S.-Sino trade war, were nearly halved in 2019 to 6.35 million tonnes, with no December imports.

The World’s Largest Trade Pact Could Crush U.S. Gas Exports

https://oilprice.com/Energy/Energy-General/The-Worlds-Largest-Trade-Pact-Could-Crush-US-Gas-Exports.html
Q4 2020

Fifteen countries across Asia just signed the world’s largest-ever trade pact, but it may wind up hurting US natural gas.

Recent political and geopolitical developments in the United States and Asia could undermine American energy exports to the biggest regional importer of crude oil, natural gas, and coal. Two weeks ago, fifteen countries in the Asia-Pacific region—including China and Australia—signed the world’s newest and largest trade pact. The Regional Comprehensive Economic Partnership (RCEP) Agreement is set to gradually reduce and, in some cases, eliminate, trade tariffs on goods, including commodities.  

The biggest trade agreement globally includes the ten members of the ASEAN bloc plus Australia, China, Japan, South Korea, and New Zealand. The combined gross domestic product of the countries part of the agreement is estimated at around US$26.2 trillion, or about 30 percent of global GDP.

In terms of commodities trade, the pact includes the world’s top crude oil importer China; the biggest importers of liquefied natural gas (LNG)—Japan, China, and South Korea; one of the world’s top LNG exporters Australia and other LNG exporters such as Malaysia and Indonesia; and top coal exporters Australia and Indonesia.
Aramco to expand presence in China by acquiring 10% stake in Rongsheng Petrochemical

https://www.prnewswire.com/news-releases/aramco-to-expand-presence-in-china-by-acquiring-10-stake-in-rongsheng-petrochemical-301782199.html
2023

The Saudi Aramco IPO was the largest IPO in the world valued at over 2 billion. Aramco was supposed to IPO in the US market, but that fell through.

Secretive high-end art world can be vehicle for dirty money, US Treasury warns

https://www.icij.org/investigations/fincen-files/secretive-high-end-art-world-can-be-vehicle-for-dirty-money-us-treasury-warns/

2020
 

“The United States Treasury Department is putting art galleries and museums on notice over the high risks of financial crime in their trade, warning that various aspects of the art industry makes “it attractive to those engaged in illicit financial activity, including sanctions evasion.”

The advisory, published on Oct. 30, calls out the art industry’s heavy use of shell companies. Citing the “high degree of confidentiality and anonymity” in the art trade, the advisory cautions that art dealers may find themselves unwittingly working with criminals seeking to move illicit funds. It also notes that artwork’s often “subjective value” creates an additional attractive value to financial criminals — who are known to manipulate invoice prices to covertly shift money around the globe.

“The advisory serves as another reminder that the $28.3 billion American art market is the largest unregulated industry in the United States,” Tess Davis, executive director of the Antiquities Coalition, which advocates the return of stolen relics to their home countries, told ICIJ in an email.

The advisory comes on the heels of the FinCEN Files, an investigation by the International Consortium of Investigative Journalists that examined massive flows of suspicious and illicit funds around the globe, including in the art market. Conducted in collaboration with BuzzFeed News and more than 100 other news organizations around the world, the project was based on an analysis of trillions of dollars in transactions captured in ‘suspicious activity reports’ that banks are required to file with U.S. authorities.”

Money Laundering and Modern Art: Modern Art Was Developed as a Vehicle for Money Laundering

https://www.icij.org/investigations/fincen-files/secretive-high-end-art-world-can-be-vehicle-for-dirty-money-us-treasury-warns/
2020

“Modern art is a vehicle for money laundering. Always has been.
 

Basically, anything that can be produced for next to nothing and sold for a great deal of money could be used for money laundering.

When value is dictated by the market itself and attributed value is subjective, value can be created, fabricated.

“Right. If rich Democratic donors pay $100,000 for each of Hunter’s paintings, how can you question it? Perfectly legal.”

For instance, a work is commissioned from an artist for $25k and then is sold to someone else for $1M. The sale boosts the artist’s career through media exposure creating a market surrounding that artist’s work.

That artist’s work then retains “value.”

Commission a piece from that artist at a low price and sell it for a higher price, it looks like the buyer is buying art. But that art is often a voucher for a favor or a bribe, and moving art around is easier and less obvious than moving around a great deal of cash or attempting to hide an electronic transfer of funds via centralized traceable means.

And these newly valued artists are then able to travel the world doing museum and gallery tours – as covert assets. Their access to high value targets and the ease of explanation for their business travel make for a great cover story.”

(James Alefantis is the president of the art gallery Transformer in DC.)

80% of all US dollars in existence have been printed by the Federal Reserve in just the last two years

https://www.sott.net/article/463477-80-of-all-US-dollars-in-existence-have-been-printed-by-the-Federal-Reserve-in-just-the-last-two-years
2022

Since March of 2020, Americans and the world alike have watched from the sidelines as power hungry politicians have ushered in draconian lockdowns, shutdowns, police state measures, and brought the economy to its knees. While governments around the planet used their central banks to devalue their currencies by printing money to fund their tyranny, the US led the way down this road to fiscal horror.

Thanks to the trillions of dollars the Federal Reserve has printed over the last two years, America is currently in an inflation crisis. One need only look at the price of groceries over the last two years to realize just how bad of a crisis we are currently experiencing.