Tag Archives: petrodollar

Destroy U.S. Dollar: Globalization is killing the U.S. Dollar, because the global use of USD is killing Banks/Economy?

19 March 2023 (13:36-UTC-07 Tango 06) 28 Esfand 1401/26 Sha’ban 1444/28 Yi-Mao 4721/19 марта 2023 года

It is starting to look like the United States (U.S.) returning to ‘isolationism’ is a good thing, if that also includes the U.S. Dollar (USD).  Banks might not like the raising of U.S. interest rates, and it is part of the reason for collapse of the big banks, but for the working class within the U.S. in the long run it could result in the manufacturing industry returning hundreds of thousands of jobs to the U.S.  In other words, destroying the global use of the USD could restart the domestic economy of the U.S.

Al Jazeera: U.S. economic sanctions against Russia has actually caused other countries to accelerate the abandonment of the USD for global trade!

bdnews24: Former Bangladesh ambassador to China says the globalized economy needs alternatives to the USD.

KITCO News: Is inflation caused by the decline of the use of the USD globally (Global Monetary Reset)?  The rest of the World calls it De-dollarization.  Here is a hour long explanation;

Liberty Street Economics:  This article explains why a strong USD actually prevents global competition. It also reveals that the USD is currently far more powerful than the actual U.S. GDP, warning that the global use of a ‘weak’ USD is actually shooting the U.S. domestic economy in the foot!  It also predicts that raising domestic interest rates will strengthen the USD, killing global competition and driving U.S. owned industries to return production to the United States: “Once the dollar begins to strengthen, the subsequent dynamics imply a decline in global manufacturing due to dollar invoicing and the credit-intensive global value chain. Manufacturing activity, where credit-intensive global value chains are more pervasive, will tend to suffer more. The contraction in global (ex-U.S.) manufacturing will spill back to the U.S. manufacturing due to production linkages and a reduction in demand. This will also lead to a decline in commodity prices and world trade. As the U.S. economy is less exposed to global developments, the dollar will benefit in relative terms from a worldwide economic decline, reinforcing the circle.”

MillenniumPost: U.S. sanctions against Russia has resulted in Russia becoming India’s biggist supplier of oil!

Nasdaq: Bank Collapse Shows the Rot in U.S. Banking and Dollars.

Reuters:  India is using USD avoiding SWIFT (Society for Worldwide Interbank Financial Telecommunication, based in NATO-Belgium) to pay for Russian oil.

Being tied to the USD has caused the Lebanese Pound to collapse, in February it took 15-thousand Lebanese Pounds to equal one USD!

Most Gulf Arab oil producing countries are tied to the U.S. petrodollar, would rather not see higher U.S. interest rates.

Sunday Guardian: A retired Indian military Major explains that U.S. bank collapses are tied to increasing interest rates domestically and the decreasing use of the USD globally. 

ValueWalk: Explains how the USD is used to control the global economy through Foreign Exchange (ForEx).

Destroy U.S. Dollar: IRAQ TAKES CHINESE YUAN FOR OIL! U.S. GOVERNMENT APPROVES?

Destroy U.S. Dollar: British empire banking going down, dragging Green-Back with it!

15 November 2015 (12:07 UTC-07 Tango 01)/24 Aban 1394/02 Safar 1437/04 Ding-Hai (10th month) 4713

We have now reached a watershed moment in Britain’s competitiveness as an international banking center. The balance of push and pull factors, including tax and capital treatment, unilateral and extraterritorial regulation and overall uncertainty, are weighing heavily in boardrooms across the industry.”-Anthony Browne, British Banking System

The British Banking System (BBS) admits that the center of the world’s banking system, London, is losing power.  Many United Kingdom banks are shifting focus to places like Hong Kong and Singapore, to get closer to the emerging power currency the Chinese yuan (RMB).

Why is this important to the U.S. dollar?  It’s called the petrodollar system, created by the U.S. in 1973 (note that is when oil prices started skyrocketing), is actually centered in London.  The Nixon created petrodollar deal involves the New York Mercantile Exchange (aka NYMEX, aka Commodities Exchange.  Now controlled by CME Group), and London’s International Petroleum Exchange, or IPE.

THE GUY IN THE BELOW 2014 VIDEO PODCAST SPENDS 21 MINUTES ON A DIATRIBE BEFORE FINALLY EXPLAINING THE PETRODOLLAR CONNECTION TO TERRORISM, I MEAN THE WAR ON TERRORISM.

According to the BBS the main reasons British banks are turning to Asia are increased British fines (for being caught breaking laws), constantly changing tax laws and an increase in decreasing profits.  Essentially it’s their own fault for not playing by the rules and chasing away their own customers, but it could affect how the world buys its oil through the U.S. petrodollar system.

Destroy U.S. dollar: Ex U.S. government official reveals National Debt is 3x bigger than what you’re being told!