> ◙ 2018:
>
> Saudi report threatens Trump over #JamalKhashoggi

> 3. Kill the petro dollar

What is the Petrodollar and Why Does It Matter
https://www.youtube.com/watch?v=xNr1LWgIyiE

> https://twitter.com/wikileaks/status/1051583051321536513
> https://english.alarabiya.net/en/views/news/middle-east/2018/10/14/OPINION-US-sanctions-on-Riyadh-means-Washington-is-stabbing-itself.html

thinbl...@gmail.com

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Nov 13, 2018, 5:38:48 PM11/13/18

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On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:

Exclusive: Russia clashes with Western oil buyers over new deals as sanctions loom
Olga Yagova, Dmitry Zhdannikov NOVEMBER 9, 2018
https://www.reuters.com/article/us-usa-russia-oil-sanctions-exclusive/exclusive-russia-clashes-with-western-oil-buyers-over-new-deals-as-sanctions-loom-idUSKCN1NE0FL

MOSCOW (Reuters) - Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.

Seven industry sources told Reuters that Western oil majors and trading houses have clashed with Russia’s third and fourth biggest producers, Gazprom Neft and Surgutneftegaz, over 2019 oil sales contract terms during unusually tough annual renegotiation in recent weeks.

The development mirrors a similar stand-off between Western buyers and Russia’s top oil producer, Rosneft (ROSN.MM).

Earlier this week, trading sources told Reuters that Rosneft wants Western oil buyers to pay penalties from 2019 if they fail to pay for supplies in the event that new U.S. sanctions disrupt sales.

Now sources have told Reuters that Surgutneftegaz and Gazprom Neft have also clashed with their buyers over penalties and the use of euros and other currencies to replace the dollar in contracts.

“It is part of the same trend - the Russian oil industry is working on mitigating new sanctions risks. The buyers in turn argue they cannot carry those risks so we are trying to find compromises,” said one source with a Western buyer involved in negotiations, asking not to be named as the talks are confidential.

Russia has been under U.S. and EU sanctions since 2014 when it invaded Ukraine’s Crimean peninsula. The sanctions have been repeatedly widened to include new companies and sectors, making it tough for Russian oil firms to borrow money abroad, raise new capital or develop Arctic and unconventional deposits.

President Vladimir Putin’s administration has been hoping for a thaw in relations with the United States since President Donald Trump came to power but Washington has imposed new sanctions instead, including on some of Russia’s richest people.

Russian businesses are preparing for a new wave of sanctions expected in the coming weeks. The firms are trying to diversify away from dollar payments and tapping Asia for more of their financing and technology needs.

According to four industry sources, Surgutneftegaz asked buyers to be prepared to switch from dollar to euro payments in contracts, and insisted on buyers being effectively responsible for any losses arising from sanctions.

“They basically said - sanctions don’t matter. Buyers have to find a way to pay, or to return purchased goods, or pay penalties,” a source with a big trading house said.

Gazprom Neft has also asked buyers to use euros in payments and bear financial responsibility for contract breaches in the case of new sanctions, according to three sources.

Gazprom Neft refused to comment. Surgutneftegaz did not immediately respond to a Reuters request for comment.

Russia supplies over 10 percent of global oil, so drastic sanctions against it could lead to a steep spike in oil prices.

All global oil majors rely on Russia to feed their refineries, especially in Europe and Asia, and hence they cannot just walk away from annual contract negotiations if they are unhappy with terms.

Talks with both Gazprom Neft and Surgutneftegaz have been progressing slowly and painfully, according to trading sources.

Several Western buyers have managed to agreed compromises with Surgutneftegaz and Gazprom Neft, but others are still in tough talks with the producers, the sources said.

All Surgutneftegaz’s contracts are bespoke and are negotiated individually in the Siberian town of Surgut by the firm’s management and visiting Western trading bosses.

The sources declined to name companies that have already reached compromise deals.

In one such compromise, a large European buyer agreed to the use of euros in payments in exchange for Surgutneftegaz dropping its demand for penalties from buyers who fail to pay for cargoes.

“We have been arguing that if sanctions make it impossible to pay for an oil cargo, how on earth are we supposed to pay penalties,” one trading source said.

“So we have agreed that the payment remains suspended for the entire duration of sanctions - just like it works with Iran,” he added.

----------------

The Horny Goat

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Nov 13, 2018, 8:04:56 PM11/13/18

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On Tue, 13 Nov 2018 14:38:44 -0800 (PST), thinbl...@gmail.com
wrote:

>Gazprom Neft has also asked buyers to use euros in payments and bear financial responsibility for contract breaches in the case of new sanctions, according to three sources.

Uh don't they already have a 'force majeure' clause in their
contracts? Amazing.

thinbl...@gmail.com

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Nov 18, 2018, 2:27:04 PM11/18/18

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On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:

Previously on, "I've got a nickel"
https://groups.google.com/d/msg/rec.arts.tv/c1lvM4vESds/bjgqENd0CAAJ

The anti-dollar awakening could be ruder and sooner than most economists predict
Gal Luft 27 Aug 2018
https://www.cnbc.com/2018/08/27/the-anti-dollar-awakening-could-be-ruder-and-sooner-than-most-economists-predict.html

The United States is currently waging economic warfare against one tenth of the world's countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion.

These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures.

In addition, thousands of individuals from scores of countries are included in the Treasury Department's list of Specially Designated Nationals who are effectively blocked from the U.S.-dominated global financial system. Many of those designated are either part of or closely linked to their countries' leadership.

From a U.S. perspective, each one of the economic entities is targeted for a good reason be it human rights violations, terrorism, crime, nuclear trade, corruption or in the case of China, unfair trade practices and intellectual property theft.

But in recent months it seems that America's unwavering commitment to fight all of the world's scourges has brought all those governments and the wealthy individuals who support them to a critical mass, joining forces to create a parallel financial system which would be out of reach of America's long arm. Should they succeed, the impact on America's global posture would be transformational.

America's global supremacy has been made possible not only thanks to its military power and its alliance system but also due to its control over the plumbing of global finance and particularly the broad acceptance of the dollar as the world's reserve currency. The unique status of the U.S. currency has anchored the global financial system since World War II.

Any transaction done in U.S. dollars or using a U.S. bank automatically brings the trading parties under American legal jurisdiction. When the U.S. decides to impose unilateral sanctions, as in the case of Iran, it essentially tells the world's governments, corporations and individuals they must choose between halting business with the sanctioned country or be shut off from the world's number one economy. This is a powerful stick.

Not many companies or banks can afford to give up on the U.S. market or be denied access to U.S. financial institutions.

Revisionist countries that wish to challenge the U.S.-led system see this as an affront to their economic sovereignty. Which is why both Russia and China have developed their own versions of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global network that allows cross-border financial transactions among thousands of banks. Both countries are also urging their trading partners to ditch the dollar in their bilateral trade in favor of indigenous currencies.

This month Russia was quick to recruit Turkey into the anti-dollar bloc, announcing it would back non-dollar trade with it, after a financial feud between Ankara and Washington broke out. China for its part is using its trillion-dollar Belt and Road Initiative as a tool to compel countries to transact in yuan terms instead of dollars. Pakistan, the number one recipient of Belt and Road money, and Iran have already announced their intention to do just that. Last month's BRICS (Brazil, Russia, India, China, South Africa) summit in Johannesburg was a call to arms against the dollar hegemony with countries like Turkey, Jamaica, Indonesia, Argentina and Egypt invited to join in what is known as "BRICS plus" with the goal of creating a de-dollarized economy.

The main front where the future of the dollar will be decided is the global commodity market, especially the $1.7 trillion oil market. Ever since 1973, when President Richard Nixon unilaterally severed the U.S. dollar from the gold standard and convinced the Saudis and the rest of the OPEC countries to sell their oil only in dollars, the global oil trade has been linked to the American currency. This paved the way for the rest of the commodities to be traded in dollars as well. The arrangement served America well. It created an ever growing demand for the greenback, which in turn enabled consecutive U.S. governments to freely run their growing deficits.

Not anymore. Because so many of the members of the anti-dollar alliance are exporters of commodities they no longer feel that their products should be either priced by a dollar-denominated benchmark like WTI and Brent or be traded in a currency they no longer crave.

For example, when China buys oil from Angola, gas from Russia, coal from Mongolia or soybeans from Brazil it prefers to do so in its own currency and thereby avoid unwanted exchange rate fees on both sides of the transaction. This is already beginning to happen.

Russia and China have agreed to transact some of their traded energy in yuan. China is pushing its main oil suppliers Saudi Arabia, Angola and Iran to receive yuans for their oil. And last year China introduced gold-backed futures contracts, dubbed "petro-yuan" in the Shanghai International Energy Exchange - the first non-dollar crude benchmark in Asia.

The gradual acceptance of digital currencies, backed by blockchain technology offers another way for the revisionists to ditch the dollar in their trading. The Russian central bank indicated that it was considering launching a national cryptocurrency called "cryptoruble" and in the interim it helped Venezuela's launch of its own cryptocurrency, the "petro," which is backed by the country's vast oil reserves. Now BRICS members are discussing a BRICS-backed cryptocurrency.

All of those actions and others point to one direction: In the coming years the dollar will be facing a barrage of attacks with the goal of eroding its hegemony and the energy trading market will be one of the main battlefields where the future of America's economic dominance will be decided. Any successful attempt to delink commodity trading from the dollar will have a cascading impact not only on the global economic system as we know it but also on America's posture abroad.

With the overall positive state of the U.S. economy and the remarkable strength of the dollar compared to the currencies of the dollar-busters including the Russian ruble, the yuan, the Turkish lira and the Iranian rial it may be easy to sink into complacency and dismiss the actions of the revisionists as mere pinpricks.

But ignoring the growing anti-dollar coalition would be to America's detriment. Bull markets eventually come to an end and with a national debt of $21 trillion and growing at a rate of a trillion dollars a year, the awakening could be ruder and sooner than most economists predict.

In the midst of America's economic euphoria it is worth remembering that one of every four people on the planet lives today in a country whose government is committed to end the dollar hegemony. Thwarting their effort should be Washington's top national priority.

Gal Luft is co-director of the Institute for the Analysis of Global Security and senior advisor to the United States Energy Security Council.

-----------------

https://www.youtube.com/watch?v=BolPQL83hFA

thinbl...@gmail.com

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Nov 21, 2018, 7:43:59 AM11/21/18

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On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:

Statement from President Donald J. Trump on Standing with Saudi Arabia
FOREIGN POLICY Issued on: November 20, 2018
https://www.whitehouse.gov/briefings-statements/statement-president-donald-j-trump-standing-saudi-arabia/

America First!

The world is a very dangerous place!

The country of Iran, as an example, is responsible for a bloody proxy war against Saudi Arabia in Yemen, trying to destabilize Iraq’s fragile attempt at democracy, supporting the terror group Hezbollah in Lebanon, propping up dictator Bashar Assad in Syria (who has killed millions of his own citizens), and much more. Likewise, the Iranians have killed many Americans and other innocent people throughout the Middle East. Iran states openly, and with great force, “Death to America!” and “Death to Israel!” Iran is considered “the world’s leading sponsor of terror.”

On the other hand, Saudi Arabia would gladly withdraw from Yemen if the Iranians would agree to leave. They would immediately provide desperately needed humanitarian assistance. Additionally, Saudi Arabia has agreed to spend billions of dollars in leading the fight against Radical Islamic Terrorism.

After my heavily negotiated trip to Saudi Arabia last year, the Kingdom agreed to spend and invest $450 billion in the United States. This is a record amount of money. It will create hundreds of thousands of jobs, tremendous economic development, and much additional wealth for the United States. Of the $450 billion, $110 billion will be spent on the purchase of military equipment from Boeing, Lockheed Martin, Raytheon and many other great U.S. defense contractors. If we foolishly cancel these contracts, Russia and China would be the enormous beneficiaries – and very happy to acquire all of this newfound business. It would be a wonderful gift to them directly from the United States!

The crime against Jamal Khashoggi was a terrible one, and one that our country does not condone. Indeed, we have taken strong action against those already known to have participated in the murder. After great independent research, we now know many details of this horrible crime. We have already sanctioned 17 Saudis known to have been involved in the murder of Mr. Khashoggi, and the disposal of his body.

Representatives of Saudi Arabia say that Jamal Khashoggi was an “enemy of the state” and a member of the Muslim Brotherhood, but my decision is in no way based on that – this is an unacceptable and horrible crime. King Salman and Crown Prince Mohammad bin Salman vigorously deny any knowledge of the planning or execution of the murder of Mr. Khashoggi. Our intelligence agencies continue to assess all information, but it could very well be that the Crown Prince had knowledge of this tragic event – maybe he did and maybe he didn’t!

That being said, we may never know all of the facts surrounding the murder of Mr. Jamal Khashoggi. In any case, our relationship is with the Kingdom of Saudi Arabia. They have been a great ally in our very important fight against Iran. The United States intends to remain a steadfast partner of Saudi Arabia to ensure the interests of our country, Israel and all other partners in the region. It is our paramount goal to fully eliminate the threat of terrorism throughout the world!

I understand there are members of Congress who, for political or other reasons, would like to go in a different direction – and they are free to do so. I will consider whatever ideas are presented to me, but only if they are consistent with the absolute security and safety of America. After the United States, Saudi Arabia is the largest oil producing nation in the world. They have worked closely with us and have been very responsive to my requests to keeping oil prices at reasonable levels – so important for the world. As President of the United States I intend to ensure that, in a very dangerous world, America is pursuing its national interests and vigorously contesting countries that wish to do us harm. Very simply it is called America First!

thinbl...@gmail.com

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Feb 8, 2019, 8:57:49 PM2/8/19

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On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:

Central Banks Are on the Biggest Gold-Buying Spree in a Half Century
By Rupert Rowling and Susanne Barton January 31, 2019
https://www.bloomberg.com/news/articles/2019-01-31/gold-demand-up-amid-biggest-central-bank-buying-spree-in-decades

Central banks bought more bullion last year than anytime since 1971, when the U.S. ended the gold standard.

Governments added 651.5 tons of gold to their coffers in 2018, a 74 percent increase from the previous year, according to a report from the World Gold Council.

Russia, which is "de-dollarizing" its reserves, was the biggest buyer, followed by Turkey and Kazakhstan. Hungary also made a large purchase, citing gold’s lack of counterparty risk and role as a hedge against changes in the international finance system, the WGC said.

“Central banks chose to significantly increase their gold reserves, reinforcing the importance of gold as a reserve asset,” the WGC said.

Central banks are expected to acquire an additional 600 tons this year, according to the consulting firm Metals Focus Ltd. The buys, which will help the banks diversify their foreign-exchange assets in a time of extraordinary political volatility, signal a growing confidence in the metal’s value moving forward.

The banks "were not net buyers even a decade ago," said Juan Carlos Artigas, director of investment research at the WGC, in a telephone interview. "As their foreign reserves expand, they are increasingly diversifying away from pure dollar exposure."

Slowing global growth, a weaker U.S. dollar and a drive by central banks to expand the amount of gold they hold could be a winning trifecta for investors seeking a recovery in the metal’s price after its first annual loss in three years.

Gold prices ended 2018 little changed, but rallied toward the end of the year amid concerns about Brexit, a falling stock market and expectations for a less aggressive U.S. monetary policy. The trend has continued this month, with bullion climbing to the highest since May.

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Feb 24, 2019, 2:51:39 AM2/24/19

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On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:

https://cdn.cnn.com/cnnnext/dam/assets/190222183539-president-xi-mohammed-bin-salman-0222-exlarge-169.jpg

From a golden gun to a bear hug ... Saudi Prince's Asia tour tells the West: You may shun me, but I'm not alone
Analysis by Jenni Marsh, CNN February 24, 2019
https://www.cnn.com/2019/02/23/asia/mbs-saudi-arabia-crown-prince-asia-tour-round-up-intl/index.html
https://atlas.media.mit.edu/en/profile/country/sau/#Destinations

China is already Saudi Arabia's biggest trading partner

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Aug 24, 2019, 6:10:49 PM8/24/19

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Bank of England Governor Mark Carney speaks
CNBC Television Published on Aug 23, 2019
https://youtu.be/IPgWAWNyqMU?t=468

The Bank of England Governor, Mark Carney, talks about Brexit and the global economy. With CNBC's Melissa Lee and the Options Action traders, Karen Finerman and Mike Khouw.

https://www.bankofengland.co.uk/-/media/boe/files/speech/2019/the-growing-challenges-for-monetary-policy-speech-by-mark-carney.pdf

The Growing Challenges for Monetary Policy in the current
International Monetary and Financial System
Speech given by Mark Carney
Governor of the Bank of England
Jackson Hole Symposium 2019
23 August 2019

thinbl...@gmail.com

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Oct 24, 2019, 12:39:50 PM10/24/19

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On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:

> Saudi Arabia and the US petro-dollar
>
>
>
>
> ◙ Background:
>
> The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
>
> https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret

US Congressman: Bitcoin Is A Threat To The US Dollar
JORDAN LYANCHEV UPDATED OCT 24, 2019
https://cryptopotato.com/us-congressman-bitcoin-is-a-threat-to-the-us-dollar/

Yesterday the CEO of Facebook, Mark Zuckerberg appeared before Congress to answer questions, predominantly on Libra, their planned cryptocurrency. Congressman Brad Sherman took the opportunity to bash cryptocurrencies such as Bitcoin, saying that they could pose a threat to the US Dollar.

During the hearing, Congressman Sherman was quick to address the challenges that cryptocurrencies such as Bitcoin could introduce to traditional fiat currencies like the US Dollar.

According to him, cryptocurrencies present a potential threat to the U.S. dollar and its financial status as “the sole reserve currency in the world.” He continued in the same direction, stating that “cryptocurrency either doesn’t work, in which case investors lose a lot of money, or it does achieve its objectives perhaps and displaces the US dollar…”

...

Despite the criticism, Zuckerberg told lawmakers in prepared remarks that the Facebook-backed libra cryptocurrency “will extend America’s financial leadership as well as our democratic values and oversight around the world.”

“While we debate these issues, the rest of the world isn’t waiting. China is moving quickly to launch similar ideas in the coming months,” Zuckerberg said in his remarks. “Libra will be backed mostly by dollars, and I believe it will extend America’s financial leadership as well as our democratic values and oversight around the world. If America doesn’t innovate, our financial leadership is not guaranteed.”

Bitcoin plummets to lowest level since June as cryptocurrencies come under fire from Congress
PUBLISHED WED, OCT 23 201
https://www.cnbc.com/2019/10/23/bitcoin-plummets-as-cryptocurrencies-come-under-fire-from-congress.html

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Oct 28, 2019, 4:44:44 PM10/28/19

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Bitcoin’s price rose sharply over the weekend, recovering from a plunge just days earlier, after Chinese President Xi Jinping gave a speech embracing blockchain technology and calling on his country to advance development in the field.

The value of the world’s best-known cryptocurrency jumped as high as $10,332 on Saturday, according to data from industry website CoinDesk. The price has since eased to around $9,370 as of Monday morning, up about 1% on the day.

The virtual currency’s jump came as China’s leader sang the praises of blockchain, the technology that underpins cryptocurrencies like bitcoin. According to state media, Xi said Friday that China has a strong foundation and should look to take a leading position in the sector.

He reportedly said China should “seize the opportunity” offered by blockchain, adding the technology could benefit a range of industries including finance, education and health care. A blockchain is a digital ledger that maintains a record of transactions or other data across a network of computers.

Bitcoin had a wild weekend, briefly topping $10,000, after China’s Xi sang blockchain’s praises
OCT 28 2019 Ryan Browne
https://www.cnbc.com/2019/10/28/bitcoin-btc-price-climbs-as-chinas-xi-jinping-embraces-blockchain.html

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Nov 17, 2019, 7:50:48 AM11/17/19

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On Thursday, October 24, 2019 at 12:39:50 PM UTC-4, thinbl...@gmail.com wrote:

https://groups.google.com/d/msg/rec.arts.tv/ow9apW3NXBc/Q_5rz8GnAQAJ

> On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:
> > Saudi Arabia and the US petro-dollar
> >
> >
> >
> >
> > ◙ Background:
> >
> > The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
> >
> > https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret

> US Congressman: Bitcoin Is A Threat To The US Dollar
> JORDAN LYANCHEV UPDATED OCT 24, 2019
> https://cryptopotato.com/us-congressman-bitcoin-is-a-threat-to-the-us-dollar/

> According to him, cryptocurrencies present a potential threat to the U.S. dollar and its financial status as “the sole reserve currency in the world.” He continued in the same direction, stating that “cryptocurrency either doesn’t work, in which case investors lose a lot of money, or it does achieve its objectives perhaps and displaces the US dollar…”

> Despite the criticism, Zuckerberg told lawmakers in prepared remarks that the Facebook-backed libra cryptocurrency “will extend America’s financial leadership as well as our democratic values and oversight around the world.”
>
> “While we debate these issues, the rest of the world isn’t waiting. China is moving quickly to launch similar ideas in the coming months,” Zuckerberg said in his remarks. “Libra will be backed mostly by dollars, and I believe it will extend America’s financial leadership as well as our democratic values and oversight around the world. If America doesn’t innovate, our financial leadership is not guaranteed.”

> https://www.cnbc.com/2019/10/23/bitcoin-plummets-as-cryptocurrencies-come-under-fire-from-congress.html

Presidential Hopeful Andrew Yang Plans to Regulate Crypto Industry
https://cointelegraph.com/news/presidential-hopeful-andrew-yang-plans-to-regulate-crypto-industry

Yang further pointed out that in order to effectively regulate innovative technologies like blockchain and cryptocurrencies, the U.S. government first needs to understand it.

Yang is referring to the Financial Services Committee, who questioned Facebook CEO Mark Zuckerberg for over six hours about the Libra Association and its planned Libra token. Yang said:

“It’s embarrassing to see the ignorance some members of Congress display when talking about technology, and anyone who watched Congress question Mark Zuckerberg is well aware of this. Without a base level of understanding, it’s unreasonable to expect proper regulation of major tech companies, or the drafting of legislation that addresses the critical technological issues that we’ll continue to face in artificial intelligence and cybersecurity.”

///

Vladimir Putin Sums Up The New World Order
https://www.zerohedge.com/geopolitical/vladimir-putin-sums-new-world-order-5-words

"The Dollar enjoyed great trust around the world. But, for some reason, it is now being used as a political weapon to impose restrictions.""Many countries are now turning away from the Dollar as a Reserve Currency."

///

Putin’s Pledge to Ditch the Dollar Is Slowly Becoming a Reality
https://www.bloomberg.com/news/articles/2019-08-04/putin-s-pledge-to-ditch-the-dollar-is-slowly-becoming-a-reality

///

If a new crypto order is coming, then Vladimir Putin has a sprinting head start. Russia’s huge energy reserves and ready-made network of underused power plants is the cryptocurrency equivalent of a blank check. The US, complacent in its old position as gatekeeper of global finance, hasn’t yet fully grasped the danger.

https://www.wired.com/story/cryptocurrency-boom-post-soviet-frontier/

https://pulitzercenter.org/reporting/shady-cryptocurrency-boom-post-soviet-frontier

thinbl...@gmail.com

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Nov 21, 2019, 11:30:28 AM11/21/19

to

On Sunday, November 17, 2019 at 7:50:48 AM UTC-5, thinbl...@gmail.com wrote:
> On Thursday, October 24, 2019 at 12:39:50 PM UTC-4, thinbl...@gmail.com wrote:
>
> https://groups.google.com/d/msg/rec.arts.tv/ow9apW3NXBc/Q_5rz8GnAQAJ
>
> > On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:
> > > Saudi Arabia and the US petro-dollar
> > >
> > >
> > >
> > >
> > > ◙ Background:
> > >
> > > The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
> > >
> > > https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
>
>
>
> > US Congressman: Bitcoin Is A Threat To The US Dollar
> > JORDAN LYANCHEV UPDATED OCT 24, 2019
> > https://cryptopotato.com/us-congressman-bitcoin-is-a-threat-to-the-us-dollar/
>
>
> > According to him, cryptocurrencies present a potential threat to the U.S. dollar and its financial status as “the sole reserve currency in the world.” He continued in the same direction, stating that “cryptocurrency either doesn’t work, in which case investors lose a lot of money, or it does achieve its objectives perhaps and displaces the US dollar…”
>
>
>
>
>
>
>
>
> > Despite the criticism, Zuckerberg told lawmakers in prepared remarks that the Facebook-backed libra cryptocurrency “will extend America’s financial leadership as well as our democratic values and oversight around the world.”
> >
> > “While we debate these issues, the rest of the world isn’t waiting. China is moving quickly to launch similar ideas in the coming months,” Zuckerberg said in his remarks. “Libra will be backed mostly by dollars, and I believe it will extend America’s financial leadership as well as our democratic values and oversight around the world. If America doesn’t innovate, our financial leadership is not guaranteed.”
>
> > https://www.cnbc.com/2019/10/23/bitcoin-plummets-as-cryptocurrencies-come-under-fire-from-congress.html

Trump hosted Zuckerberg for undisclosed dinner at the White House in October
Nov. 20, 2019 By Dylan Byers and Ben Collins
https://www.nbcnews.com/tech/tech-news/trump-hosted-zuckerberg-undisclosed-dinner-white-house-october-n1087986

President Donald Trump hosted a previously undisclosed dinner with Facebook CEO Mark Zuckerberg and Facebook board member Peter Thiel at the White House in October, the company told NBC News on Wednesday.

The meeting took place during Zuckerberg’s most recent visit to Washington, where he testified before Congress about Facebook’s new cryptocurrency Libra.

thinbl...@gmail.com

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Jan 11, 2020, 2:03:11 PM1/11/20

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The Trump administration warned Iraq this week that it risks losing access to a critical government bank account if Baghdad kicks out American forces following the U.S. airstrike that killed a top Iranian general, according to Iraqi officials.

The State Department warned that the U.S. could shut down Iraq’s access to the country’s central bank account held at the Federal Reserve Bank of New York, a move that could jolt Iraq’s already shaky economy, the officials said.

Iraq, like other countries, maintains government accounts at the New York Fed as an important part of managing the country’s finances, including revenue from oil sales.

U.S. Warns Iraq It Risks Losing Access to Key Bank Account if Troops Told to Leave
Ian Talley in Washington Isabel Coles in Beirut Jan. 11, 2020
https://www.wsj.com/articles/u-s-warns-iraq-it-risks-losing-access-to-key-bank-account-if-troops-told-to-leave-11578759629

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Nov 24, 2021, 11:45:56 AM11/24/21

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On Wednesday, November 24, 2021 at 10:46:54 AM UTC-5, chromebook test wrote:
> On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbluemime CAN"T KEEP A GOOD MIME DOWN wrote:

> https://groups.google.com/g/rec.arts.tv/c/ow9apW3NXBc/m/EGFhpe44CAAJ

Video unavailable
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> What is the Petrodollar and Why Does It Matter
> https://www.youtube.com/watch?v=xNr1LWgIyiE

What is the Petrodollar and Why Does It Matter (archive.org)
https://web.archive.org/web/20180124004836/https://www.youtube.com/watch?v=xNr1LWgIyiE

> Flush With Cash, Saudi Prince Snubs Biden and Sends a Message
> Matthew Martin and Javier Blas November 24, 2021
> https://www.bloomberg.com/news/articles/2021-11-24/flush-with-cash-saudi-prince-snubs-biden-and-sends-a-message?sref=n5LiIHhd

Message has been deleted

chromebook test

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May 6, 2022, 3:32:02 PM5/6/22

to

On Wednesday, November 24, 2021 at 11:45:56 AM UTC-5, chromebook test wrote:
> On Wednesday, November 24, 2021 at 10:46:54 AM UTC-5, chromebook test wrote:
> > On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbluemime CAN"T KEEP A GOOD MIME DOWN wrote:
>
>
> > https://groups.google.com/g/rec.arts.tv/c/ow9apW3NXBc/m/EGFhpe44CAAJ
> > > Saudi Arabia and the US petro-dollar
> > >
> > >
> > >
> > >
> > > ◙ Background:
> > >
> > > The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
> > >
> > > https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
> > >
> > >
> > >
> > >
> > >
> > >
> > > ◙ 2017:
> > >
> > > Saudi Arabia wants to kill the petrodollar
> > > https://www.rt.com/business/410056-saudi-arabia-petrodollar-economist/
> > >
> > >
> > >
> > >
> > >
> > >
> > > ◙ 2018:
> > >
> > > Saudi report threatens Trump over #JamalKhashoggi
> > >
> > > 1. Install a Russian base
> > > 2. Take oil to $200
> > > 3. Kill the petro dollar
> > > 4. Stop buying US weapons
> > >
> > > US will "stab its own economy to death"
> > >
> > > https://twitter.com/wikileaks/status/1051583051321536513
> > > https://english.alarabiya.net/en/views/news/middle-east/2018/10/14/OPINION-US-sanctions-on-Riyadh-means-Washington-is-stabbing-itself.html

> What is the Petrodollar and Why Does It Matter (archive.org)
> https://web.archive.org/web/20180124004836/https://www.youtube.com/watch?v=xNr1LWgIyiE

> > Flush With Cash, Saudi Prince Snubs Biden and Sends a Message
> > Matthew Martin and Javier Blas November 24, 2021
> > https://www.bloomberg.com/news/articles/2021-11-24/flush-with-cash-saudi-prince-snubs-biden-and-sends-a-message?sref=n5LiIHhd

The U.S.-led effort to thwart Russian President Vladimir Putin is being actively undermined by America’s supposed Persian Gulf allies, Saudi Arabia and the United Arab Emirates. The dictators who run these petrostates are raking in profits from oil sales while sky-high prices are filling Putin’s coffers and hurting the U.S. and European economies. With friends like these, who needs enemies? And why is the Biden administration playing along?

As Putin uses Russia’s energy to both blackmail and punish the West for helping Ukraine, Saudi Arabia’s de factor ruler, Crown Prince Mohammed bin Salman (known as MBS) and UAE Crown Prince Mohamed bin Zayed al-Nahyan (known as MBZ) have been rejecting calls to do the one thing in their power that would help: pump more oil. Meanwhile, MBS is taking advantage of the Ukraine crisis to pressure the Biden administration into abandoning President Biden’s campaign promise to reset the U.S.-Saudi relationship.

CIA Director William J. Burns’s secret trip to Saudi Arabia last month, revealed this week, is only the latest example of the Biden administration going hat in hand to beg MBS to turn on the taps. This raises an obvious question: Who do these Gulf monarchs consider their true ally — the United States or Russia?

“Saudi Arabia and the United Arab Emirates today are Russia’s allies in the Persian Gulf, by virtue of laundering Russian money and refusing categorically and deliberately to increase oil production,” Rep. Tom Malinowski (D-N.J.) said at the McCain Institute’s Sedona Forum last weekend. “This is a moment where we need more countries to face a choice: Whose side are you on?”

America’s Gulf ‘allies’ are now Putin’s enablers
Josh Rogin 2022-05-05
https://www.washingtonpost.com/opinions/2022/05/05/saudi-arabia-uae-helping-putin-hurting-us-biden-allies-gulf-russia/

tags: this message will self-destruct in 5 seconds.

chromebook test

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Jun 11, 2022, 7:08:51 AM6/11/22

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On Wednesday, November 24, 2021 at 11:45:56 AM UTC-5, chromebook test wrote:
> On Wednesday, November 24, 2021 at 10:46:54 AM UTC-5, chromebook test wrote:
> > On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbluemime CAN"T KEEP A GOOD MIME DOWN wrote:

> > https://groups.google.com/g/rec.arts.tv/c/ow9apW3NXBc/m/EGFhpe44CAAJ

> > > Saudi Arabia and the US petro-dollar
> > >
> > >
> > >
> > >
> > > ◙ Background:
> > >
> > > The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
> > >
> > > https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret

> > > ◙ 2017:
> > >
> > > Saudi Arabia wants to kill the petrodollar
> > > https://www.rt.com/business/410056-saudi-arabia-petrodollar-economist/

> > > ◙ 2018:
> > >
> > > Saudi report threatens Trump over #JamalKhashoggi
> > >
> > > 1. Install a Russian base
> > > 2. Take oil to $200
> > > 3. Kill the petro dollar
> > > 4. Stop buying US weapons
> > >
> > > US will "stab its own economy to death"
> > >
> > > https://twitter.com/wikileaks/status/1051583051321536513
> > > https://english.alarabiya.net/en/views/news/middle-east/2018/10/14/OPINION-US-sanctions-on-Riyadh-means-Washington-is-stabbing-itself.html

> What is the Petrodollar and Why Does It Matter (archive.org)
> https://web.archive.org/web/20180124004836/https://www.youtube.com/watch?v=xNr1LWgIyiE

(CNN)Senior US officials have conveyed to Saudi Arabia that the US is prepared to move forward with a "reset" of the relationship, and effectively move on from the 2018 murder of Washington Post columnist Jamal Khashoggi in order to repair ties with the key Middle East ally, senior US officials tell CNN.

The planning for a reset is a dramatic about-face for President Joe Biden, who came into office vowing to make Saudi Arabia a "pariah" over Khashoggi's murder. His administration also released an intelligence report last year that directly accused Saudi Crown Prince Mohammed bin Salman of orchestrating Khashoggi's killing.

But officials say Biden, who is under immense pressure to crack down on Russia and lower domestic gas prices amid inflation that's rising at the fastest pace since 1981, has set aside his moral outrage to pursue warmer relations with the Kingdom amid the dramatic global upheaval spurred by the Kremlin's invasion of Ukraine.

US seeks full reset with Saudi Arabia, effectively moving on from the murder of Jamal Khashoggi
11/15/2021, Natasha Bertrand Alex Marquardt
https://www.cnn.com/2022/06/10/politics/us-saudi-relationship-reset-jamal-khashoggi/index.html

TAGS: Realpolitik, and national interests, NOT ESG, dominate foreign policy decisions of major powers. READ John Mearsheimer

----------------------

https://www.youtube.com/watch?v=Iyv905Q2omU

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Oct 25, 2022, 11:17:43 AM10/25/22

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On Tuesday, October 25, 2022 at 9:47:25 AM UTC-4, chromebook test wrote:
> On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbluemime CAN"T KEEP A GOOD MIME DOWN wrote:
> > Saudi Arabia and the US petro-dollar
> >
> >
> >
> >
> > ◙ Background:
> >
> > The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
> >
> > https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
> >
> >
> >
> >
> >
> >
> > ◙ 2017:
> >
> > Saudi Arabia wants to kill the petrodollar
> > https://www.rt.com/business/410056-saudi-arabia-petrodollar-economist/
> >
> >
> >
> >
> >
> >
> > ◙ 2018:
> >
> > Saudi report threatens Trump over #JamalKhashoggi
> >
> > 1. Install a Russian base
> > 2. Take oil to $200
> > 3. Kill the petro dollar
> > 4. Stop buying US weapons
> >
> > US will "stab its own economy to death"
> >
> > https://twitter.com/wikileaks/status/1051583051321536513
> > https://english.alarabiya.net/en/views/news/middle-east/2018/10/14/OPINION-US-sanctions-on-Riyadh-means-Washington-is-stabbing-itself.html

> "One drastic option on the table: Saudi officials have said privately that the kingdom could sell the U.S. Treasury bonds it holds if Congress were to pass anti-OPEC legislation, according to people familiar with the matter. Saudi holdings of U.S. Treasurys increased to $119.2 billion in June from $114.7 billion in May, according to U.S. Treasury data. Saudi Arabia is the 16th largest holder of U.S. Treasurys, according to federal data."

The decision by Saudi-led OPEC+ to cut oil production—raising crude prices at a time of high inflation just before an American election and despite U.S. pleas to hold off—has cemented both leaders’ resolve to reconsider a strategic relationship that has underpinned the global economy and Middle East geopolitics for almost 80 years, with once-unthinkable retaliatory measures now on the table. The White House has said Mr. Biden wants to review whether the Saudi relationship is serving U.S. national security interests, on top of an administration reassessment last year. Saudi officials say it may now be time for them to reassess the U.S. relationship, too.

bruce bowser

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Oct 30, 2022, 2:27:01 PM10/30/22

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They're saying that OPEC (Houston area media) does all this.

chromebook test

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Oct 30, 2022, 2:54:59 PM10/30/22

to

On Sunday, October 30, 2022 at 2:27:01 PM UTC-4, bruce bowser wrote:

> They're saying that OPEC (Houston area media) does all this.

life imitating art
https://groups.google.com/g/rec.arts.tv/c/GIHxOv361xk/m/4X38ZSq6BgAJ
https://www.youtube.com/watch?v=AwQKhvweL2A

chromebook test

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Nov 18, 2022, 6:30:15 PM11/18/22

to

On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbluemime CAN"T KEEP A GOOD MIME DOWN wrote:
> Saudi Arabia and the US petro-dollar
>
>
>
>
> ◙ Background:
>
> The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
>
> https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
>
>
>
>
>
>
> ◙ 2017:
>
> Saudi Arabia wants to kill the petrodollar
> https://www.rt.com/business/410056-saudi-arabia-petrodollar-economist/
>
>
>
>
>
>
> ◙ 2018:
>
> Saudi report threatens Trump over #JamalKhashoggi
>
> 1. Install a Russian base
> 2. Take oil to $200
> 3. Kill the petro dollar
> 4. Stop buying US weapons
>
> US will "stab its own economy to death"
>
> https://twitter.com/wikileaks/status/1051583051321536513
> https://english.alarabiya.net/en/views/news/middle-east/2018/10/14/OPINION-US-sanctions-on-Riyadh-means-Washington-is-stabbing-itself.html

What is the Petrodollar and Why Does It Matter

https://web.archive.org/web/20201220075137/https://www.youtube.com/watch?v=xNr1LWgIyiE

chromebook test

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Nov 18, 2022, 6:35:13 PM11/18/22

to

On Friday, November 18, 2022 at 6:30:15 PM UTC-5, chromebook test wrote:
> On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbluemime CAN"T KEEP A GOOD MIME DOWN wrote:
> > Saudi Arabia and the US petro-dollar

> > ◙ Background:

> > The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.

> > https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret

“It’s really beyond ironic that President Biden has basically delivered an assurance of impunity for Mohammed bin Salman, which is the exact opposite of what he promised to do to hold the killers of Jamal Khashoggi accountable,” Whitson told CNN.

US determines Saudi Crown Prince is immune in case brought by Jamal Khashoggi’s fiancée
Alex Marquardt November 18, 2022
https://www.cnn.com/2022/11/17/politics/saudi-crown-prince-immunity-state-department-jamal-khashoggi

> What is the Petrodollar and Why Does It Matter
> https://web.archive.org/web/20201220075137/https://www.youtube.com/watch?v=xNr1LWgIyiE

TAGS: #gawdbleshuhmerka!

> What is the Petrodollar and Why Does It Matter
> https://web.archive.org/web/20201220075137/https://www.youtube.com/watch?v=xNr1LWgIyiE

Probably nothing 🤷🏻‍♀️
10:26 PM · Mar 26, 2023
https://twitter.com/HumbleBitcoiner/status/1640178410746966016

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Probably nothing 🤷🏻‍♀️ <a href="https://t.co/SWmSBwTTta">pic.twitter.com/SWmSBwTTta</a></p>— Hum₿le Warrior 🇺🇸⚔️🌏 (@HumbleBitcoiner) <a href="https://twitter.com/HumbleBitcoiner/status/1640178410746966016?ref_src=twsrc%5Etfw">March 27, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

chromebook test

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Mar 29, 2023, 1:51:24 PM3/29/23

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On Monday, March 27, 2023 at 9:21:30 PM UTC-4, chromebook test wrote:
> On Friday, November 18, 2022 at 6:30:15 PM UTC-5, chromebook test wrote:
> > On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbluemime CAN"T KEEP A GOOD MIME DOWN wrote:
> > > Saudi Arabia and the US petro-dollar

> > > The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.

> > What is the Petrodollar and Why Does It Matter
> > https://web.archive.org/web/20201220075137/https://www.youtube.com/watch?v=xNr1LWgIyiE

> Probably nothing 🤷🏻‍♀️
> 10:26 PM · Mar 26, 2023
> https://twitter.com/HumbleBitcoiner/status/1640178410746966016

The Saudi Council of Ministers has officially approved the proposal to join Shanghai Cooperation Organisation (SCO). 🇸🇦 🇨🇳 🇷🇺 🇮🇳
8:27 PM · Mar 28, 2023
https://twitter.com/EbrahimHashem/status/1640873268768026624

UPDATE 1-Russian c.bank: Yuan reserve assets held in China, mostly as govt securities
By Reuters Staff MARCH 29, 2023
https://www.reuters.com/article/idUSL1N3611TU

MOSCOW, March 29 (Reuters) - Russia’s central bank said on Wednesday it stores gold and cash foreign currency reserves inside Russia, while its yuan assets are held in China, mainly in the form of government securities.

In Russia, where the dollar was king for years following the collapse of the Soviet Union in 1991, the yuan has become a major player, with its share in Russia’s import settlements jumping to 23% from 4% last year.

In an annual report, the central bank said it had been accelerating investments in assets that cannot be blocked by states it calls “unfriendly” - those that have imposed sanctions against Russia - since 2014.

chromebook test

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Apr 3, 2023, 5:08:20 PM4/3/23

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On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:
> Saudi Arabia and the US petro-dollar
>
>
>
>

> ◙ Background:

>
> The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
>

> https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret

Marco Rubio Accidentally Makes A Great Argument Against US Dollar Hegemony
Caitlin Johnstone Apr 3, 2023
https://www.youtube.com/watch?v=2Fxfp17T4UM

“Just today, Brazil, the largest country in the Western Hemisphere, cut a trade deal with China," said Rubio. "They're going to, from now on, do trade in their own currencies, get right around the dollar. They're creating a secondary economy in the world totally independent of the United States. We won't have to talk about sanctions in five years, because there'll be so many countries transacting in currencies other than the dollar that we won't have the ability to sanction them."

https://www.youtube.com/watch?v=aOJ6reIiKq4

chromebook test

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Apr 5, 2023, 7:07:04 PM4/5/23

to

On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:
> Saudi Arabia and the US petro-dollar
>
>
>
>
> ◙ Background:
>
> The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
>
> https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
>
>
>
>
>
>

> ◙ 2017:
>
> Saudi Arabia wants to kill the petrodollar
> https://www.rt.com/business/410056-saudi-arabia-petrodollar-economist/
>
>
>
>
>
>
> ◙ 2018:
>
> Saudi report threatens Trump over #JamalKhashoggi
>
> 1. Install a Russian base
> 2. Take oil to $200
> 3. Kill the petro dollar
> 4. Stop buying US weapons
>
> US will "stab its own economy to death"

1. China is now a more important partner than the US for Saudi Arabia's development. Chinese exports of metals, machinery, and transport equipment have crowded out US exports. Once Saudis start using Chinese cars (and planes?), there will be little market share left for the US.
3:37 PM · Apr 5, 2023
https://twitter.com/yarbatman/status/1643699332418359297

2. The flip side of this is that China imports significant quantities of Saudi oil. The US no longer does.
But given the new composition of Saudi trade, when there is an output cut, the higher oil price will hurt the US more than China.

3. As @michaelxpettis explains, the higher oil revenues, if invested in projects like NEOM, can boost Saudi demand for capital goods.
It seems the Saudi-China economic partnership has the potential to be much deeper than the historic Saudi-US partnership.

Saudi Arabia’s Oil Production Cuts Reflect Cost of Reshaping Economy
Summer Said Stephen Kalin April 3, 2023
https://www.wsj.com/articles/saudi-arabias-oil-production-cuts-reflect-cost-of-reshaping-economy-7fb6e09c?st=e1080vjvr5ooq7w

tags: S Y R I A N A , https://www.youtube.com/watch?v=AwQKhvweL2A

chromebook test

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Apr 5, 2023, 7:43:46 PM4/5/23

to

On Wednesday, April 5, 2023 at 7:07:04 PM UTC-4, chromebook test wrote:
> On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:
> > Saudi Arabia and the US petro-dollar
> >
> >
> >
> >
> > ◙ Background:
> >
> > The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
> >
> > https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret

> Saudi Arabia’s Oil Production Cuts Reflect Cost of Reshaping Economy

DUBAI—An oil production cut by Saudi Arabia and its allies demonstrated how Crown Prince Mohammed bin Salman is willing to set aside U.S. concerns to pursue a nationalist energy policy aimed at funding an expensive makeover of his kingdom.

> tags: https://www.youtube.com/watch?v=AwQKhvweL2A

chromebook test

unread,

unread,

Aug 9, 2023, 7:25:50 PM8/9/23

to

On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:
> Saudi Arabia and the US petro-dollar
>
>
>
>
> ◙ Background:
>
> The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
>
> https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
>
>
>
>
>
>
> ◙ 2017:
>
> Saudi Arabia wants to kill the petrodollar
> https://www.rt.com/business/410056-saudi-arabia-petrodollar-economist/
>
>
>
>
>
>
> ◙ 2018:
>
> Saudi report threatens Trump over #JamalKhashoggi
>
> 1. Install a Russian base
> 2. Take oil to $200
> 3. Kill the petro dollar
> 4. Stop buying US weapons
>
> US will "stab its own economy to death"
>
> https://twitter.com/wikileaks/status/1051583051321536513
> https://english.alarabiya.net/en/views/news/middle-east/2018/10/14/OPINION-US-sanctions-on-Riyadh-means-Washington-is-stabbing-itself.html

'The BRICS central banks continue to amass gold.'

https://twitter.com/jessefelder/status/1689349693615255554

chromebook test

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Aug 11, 2023, 4:55:13 PM8/11/23

to

In exchange for U.S. concessions to Saudi Arabia, the Biden administration is seeking assurances from Saudi Arabia that it will distance itself—economically and militarily—from China, say U.S. officials.
The officials said the U.S. could seek assurances from Saudi Arabia that it won’t allow China to build military bases in the kingdom—an issue that has become a sore point between the Biden administration and United Arab Emirates. Negotiators could also seek limitations on Saudi Arabia using technology developed by China’s Huawei and assurances that Riyadh will use U.S. dollars, not Chinese currency, to price oil sales, they said.

https://archive.is/8XEyE

https://www.wsj.com/amp/articles/u-s-saudi-arabia-agree-to-broad-terms-for-israel-normalization-ac6d549c

chromebook test

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Aug 23, 2023, 3:35:05 PM8/23/23

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The growth of BRICS is easily one of the most important international stories. They have prioritized de-dollarization and are exploiting the US fixation on Ukraine to further fortify multi-polarity.
https://twitter.com/ggreenwald/status/1694372654227018076

There are very few US journalists covering its summit there.
Michael Tracey

Good day, I’m in Johannesburg, South Africa for the BRICS Summit. I apologize in advance for speaking to people who are not affiliated with any US think tanks or State Department front groups
11:34 AM · Aug 23, 2023

> https://archive.is/8XEyE
>
>
> https://www.wsj.com/amp/articles/u-s-saudi-arabia-agree-to-broad-terms-for-israel-normalization-ac6d549c

#gawdbleshuhmerka !