Russia Delivers Blow To Petrodollar In Historic $20 Billion Iran Oil Deal
August 7th, 2014
record gold holdingsGoldCore: Russia signed a historic $20 billion oil deal with Iran to bypass both western sanctions and the dollar based western monetary system yesterday.
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Currency wars are set to escalate as the petro dollar’s decline continues.
Russian Energy Minister Alexander Novak and his Iranian counterpart Bijan Zanganeh signed a five-year memorandum of understanding in Moscow, which included cooperation in the oil sector.
“Based on Iran’s proposal, we will participate in arranging shipments of crude oil, including to the Russian market,” Novak was quoted as saying.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
ONE day Henny-penny Bumbler was picking up corn in the cornyard when--whack!--something hit her upon the head. 'Goodness gracious me!' said Henny-penny Bumbler; 'the sky's a-going to fall; I must go and tell the king.'
So she went along and she went along and she went along till she met Cocky-locky. 'Where are you going, Hennypenny Bumbler?' says Cocky-locky. 'Oh! I'm going to tell the king the sky's a-falling,' says Henny-penny. 'May I come with you?' says Cocky-locky. 'Certainly,' says Henny-penny Bumbler. So -Bumbler and Cocky-locky went to tell the king the sky was falling.
They went along, and they went along, and they went along, till they met Ducky-daddles. 'Where are you going to, Hennypenny Bumbler and Cocky-locky?' says Ducky-daddles. 'Oh! we're going to tell the king the sky's a-falling,' said Henny-penny Bumbler and Cocky-locky. 'May I come with you?' said Ducky-daddles. 'Certainly,' said Henny-penny Bumbler and Cocky-locky. So Hennypenny Bumbler Cocky-locky, and Ducky-daddles went to tell the king the sky was a-falling.
So they went along and they went along, and they went along, till they met Goosey-poosey. 'Where are you going to, Henny-penny Bumbler , Cocky-locky, and Ducky-daddles?' said Gooseypoosey. 'Oh! we're going to tell the king the sky's a-falling,' said Henny-penny Bumbler and Cocky-locky and Ducky-daddles. 'May I come with you?' said Goosey-poosey. 'Certainly,' said Hennypenny Bumbler , Cocky-locky, and Ducky-daddles. So Henny-penny Bumbler, Cocky-locky, Ducky-daddles, and Goosey-poosey went to tell the king the sky was a-falling.
Henny Penny Bumbler wants to add your name to his list... THE SKY IS FALLING, THE SKY IS FALLING!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
I happened to watch this last night on Netflix, and then lo and behold saw a couple of threads here this morning with a somewhat similar subject. Interesting.
"I saw the best minds of my generation destroyed by madness, starving hysterical naked, dragging themselves through the negro streets at dawn looking for an angry fix,"
To respond to Cicero: the US dollar could be replaced at the global standard. There have been moves toward doing just that in recent years. It is something that Russia, China and a list of others would be quite happy to see happen.
To respond to Box: it would be a VERY REAL problem if the US Dollar were no longer the global currency standard. Of course, you (like Obama, Reid and Tonko) insist on fiddling while "Rome" is burning. 5 1/2 years into the worst presidency in American history and the fools (named in the previous sentence) still don't understand what is going on around them.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
To respond to Cicero: the US dollar could be replaced at the global standard. There have been moves toward doing just that in recent years. It is something that Russia, China and a list of others would be quite happy to see happen.
The dollar could be replaced with even more localized currencies. I don't think the people of the world have the appetite for an even larger centralized currency, that when it collapses, everybody feels the pain.
There is already a global standard in commodities, all that is needed is to allow the legalization of competing currencies, the market will determine the winner.
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
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