The reason for world war 3?

This is the best explanation I have seen so far about the "petrodollar" that so many know nothing about.Yes, it is long, and kinda old, but it is must watch with valuable information if you really want to understand what really makes the world go around. It will make you re-evaluate everything you (think) you know about the US military presence in the middle east. Could this be the real reason behind the US-Iran nuclear weapons issue andthe reason for the scarily real possiblity of WW3? The Obama regime's bleating about Irans "nuclear capabilities" smells alot like the "Saddam Hussein has weapons of mass destruction" line we were all fed before the (second) invasion of Iraq. But Hang on....wasn't it BinLaden that ordered 9/11....so why invade Iraq? As the (once) great Charlie Sheen said (before he became the antichrist of situation comedy)...
"The questions Mr President...the questions."
This video got me thinking about Saddam Husseins announcement in Nov 2000 that he was planning to sell his oil for Euros and US Dollars any more....could this comment have been the reason for September 11 2001 being unleashed on the America and the watching world? An event that so many now feel was a false flag event? Coud it have been the US public would support the soon to come war in Iraq and the world. The result woud be that the world view would not see the US government as terrorists -but rather as a nation that, with all it's military might, was going to make the world safe from the "terrorists"? Many now argue that the US deserve that title that wasn't even part of the average westerners vocabulary before that day in september.
And another explanation for those who don't quite get it...


On another note...
Reminds me of a False flag event this Austrian guy once planned and ordered......
The Reichstag burns
Terrorising their own people - classy. Homeland security? Who else used to call the country that he ran the "homeland"? What...no one told you about Uncle Sam's "civilian inmate labour program" (AKA army work camps) or how about the "selective services program" for "concientious objectors"...thats right, if you are a male aged 18 - 26 and don't agree with war, and refuse to participate in a national draft, you have the other option of slave labour for the government - maybee in the USA, mabee overseas...hell, it will be wherever they choose to send you - you will be owned by the DOD for 2 years at least. And methinks that a dishonorable discharge will not be an option. All it takes for that is for the USA to declare war on someone...but that would NEVER happen would it?
Selective service program
Heres a thought...selling your free labour (its community service dontcha know....being a citizen comes with responsibilities...) cheaper than any other country would be a great way to start sorting out that nasty multi trillion dollar national debt and boosting the economy. What was that Obama said in his 2014 Budget announcement? Something about making America a magnet for jobs? You'd best read it if you havent yet.And I advise to read between the lines.
One more thing....Ghettos are here folks and are not about "sustainability" and helping the environment. Control, surveilance and slave labour is more what's on the cards.

Disaster mitigation and relocation are forcing people into these ghettos.Does the fourth Reich mean anything to anyone reading this? Does operation paperclip ring any bells?
Reseach. Think. Question everything. And hope to god that what I think it 100% wrong.

reply to post by taketheredpill


Excellent post! S&F. I as well have always seen it coming since the petro-$ is so artificial. Today in RT is another article hitching pretty close as to what you posted.

RT-Yuan as reserve currency

In one of the videos it is said that Russia and China are already trading directly in Yuan and Rubles. And I recall this being news some months ago. So now the Ukraine situation looks a bit different. The last countries who are also big enough to stand up against the international Bankster Cartels are China and Russia. so there can be no NWO without those 2 being subdued. And with Iran not directly bordering on Russia but just a bit a boat-ride away on the Caspian sea, an Trilateral trading block is quite possible. After all, this nonsense of unchecked capitalism has to end.

reply to post by Guenter


just edited my post. thanks for the kudos. Tell you what....I am so glad I don't live in America. My sympathies to those of you that do. Interesting that Putin has also apparently been buying up gold BIG...this was reported on the mighty Bloomberg.com.

When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it.

Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty.

“The more gold a country has, the more sovereignty it will have if there’s a cataclysm with the dollar, the euro, the pound or any other reserve currency,” Evgeny Fedorov, a lawmaker for Putin’s United Russia party in the lower house of parliament, said in a telephone interview in Moscow.

Gold, coveted by Russian rulers including Tsar Nicholas II and the Bolshevik leader whose forces assassinated him, Vladimir Lenin, has soared almost 400 percent in the period of Putin’s purchases. Central banks around the world have printed money to escape the global financial crisis, sapping investor appetite for dollars and euros and setting off a scramble for safety.

In 1998, the year Russia defaulted on $40 billion of domestic debt, it took as many as 28 barrels of crude to buy an ounce of gold, data compiled by Bloomberg show. That ratio tumbled to 11.5 by the time Putin first came to power a year later and in 2005, after it touched 6.5 -- less than half what it is now -- the president told the central bank to buy.

Putin’s Call

During a tour that November of the Magadan region in the Far East, where Polyus Gold International Ltd. and Polymetal International Plc have operations, Putin told Bank Rossii not to “shy away” from the metal. “After all, they’re called gold and currency reserves for a reason,” Putin said, according to a Kremlin transcript.

At the time, gold was at an 18-year high of $495 an ounce and the Moscow-based central bank held 387 tons, or 2.2 percent of its $165 billion total reserves. The share reached 3.5 percent within a month, according to data compiled by Bloomberg.

Gold for immediate delivery fell a third day today, dropping 0.6 percent to $1,657.80 an ounce as of 4:35 p.m. in Moscow. It rose 7 percent last year, the 12th straight year of gains. Analysts expect the metal to advance again in 2013, to $1,825 by the end of the year, according to the median of 26 forecasts in a Bloomberg survey.

Dmitry Peskov, Putin’s spokesman, declined to comment today on Putin’s interest in gold.

Lucky Guy

“Putin’s gold strategy fits in with his resource nationalism, statist agenda,” said Tim Ash, head of emerging- market research at Standard Bank Plc in London. “It’s kind of a defensive play, but it worked, right?” Ash said in an interview in Moscow. “You need luck in politics and business, and clearly the guy has it.”

Other world leaders haven’t been as lucky. Gordon Brown, as U.K. finance minister, sold almost 400 tons of gold in the 30 months to March 2002, when prices were at two-decade lows. London tabloids have referred to the period as Brown’s Bottom.

Quantitative easing by major economies to support financial asset prices is driving demand for gold in the emerging world, said Marcus Grubb, head of investment research at the World Gold Council. Before the crisis, central banks were net sellers of 400 to 500 tons a year. Now, led by Russia and China, they’re net buyers by about 450 tons, Grubb said by phone from London, where his industry group is based.

‘Significant Switch’

“That’s a very significant switch, and obviously a very positive one for the gold market,” Grubb said.

While Putin is leading the gold rush in emerging markets, developed nations are liquidating. Switzerland unloaded the most in the past decade, 877 tons, an amount now worth about $48 billion, according to International Monetary Fund data through November. France was second with 589 tons, while Spain, the Netherlands and Portugal each sold more than 200 tons.

Even after Putin’s binge, though, Russia’s total cache of about 958 tons is only the eighth largest, the World Gold Council said in a Feb. 8 report. The U.S. is No. 1 with about 8,134 tons, followed by Germany with 3,391 tons and the Washington-based IMF with 2,814 tons. Italy, France, China and Switzerland are fourth through seventh. While gold accounts for 9.5 percent of Russia’s total reserves, it accounts for more than 70 percent in the U.S., Germany, Italy and France.

Truth Street

Russia keeps about two-thirds of its stockpile in a greenish gray stone-and-glass building on Ulitsa Pravdy, or Truth Street, in central Moscow. The road is named after Pravda, the official newspaper of the Communist Party, which also was headquartered there.

Then-Prime Minister Putin became the first Russian leader to visit the complex on Jan. 24, 2011, according to the government’s website. He toured the 17,000 square-meter facility, which includes 1,500 square meters of storage, with First Deputy Chairman Georgy Luntovsky, posing for photographs lifting an ingot. Most of the bars weigh 10 to 14 kilograms (22 to 31 pounds) and are boxed in plastic or wooden crates alongside an emergency supply of banknotes.

Technically, state metals depositary Gokhran has the exclusive right to buy all gold mined in the country. In practice, it lets commercial banks buy from producers directly, usually in the form of project financing, said Sergey Kashuba, chairman of the Russian Union of Gold Producers in Moscow.

When the central bank buys gold, it’s from those commercial banks, led last year by OAO Sberbank, OAO Nomos Bank, VTB Group and OAO Gazprombank, Kashuba said. Russia produced 205 tons of gold last year, making it No. 4 after China, Australia and the U.S., according to U.S. Geological Survey estimates.

Tight Security

Security is tight along the entire production chain, Kashuba said. Just two organizations are allowed to move partially refined gold from miners in the Far East and northern Siberia to processing facilities in other parts of the country, he said. One is FeldSvyaz, a courier service that reports directly to Putin. The other, SpetsSvyaz, was split off from Stalin’s NKVD secret police in 1939 to transport precious metals and state secrets, according to its website.

Russia has gone through bouts of hoarding before. Tsar Alexander II ordered his government to start amassing bullion in 1867, just months after selling Alaska, now the No. 2 gold- producing U.S. state, for $7.3 million. His grandson, Nicholas II, introduced the gold standard in 1897, then needed a loan from France to ward off speculators and save the system in 1906.

Lenin’s Link

Nicholas, Russia’s last tsar was forced to free the ruble in 1914 as war broke out in Europe. Lenin’s revolutionary government reinstated the gold link along with a new currency in 1922. While Soviet rubles were nominally backed by gold, sales of the metal to citizens were halted in 1930, making the peg meaningless.

When Lenin’s Bolsheviks seized power in Petrograd, as St. Petersburg was then known, in 1917, one of their first targets was the State Bank and its gold, which they captured at 6 a.m. on Nov. 7, according to Bank Rossii’s website. They soon nationalized all the banks, confiscating any gold found in vaults and deposit boxes.

Communist Secrecy

Communist secrecy regarding the country’s gold holdings fueled speculation that party elites had amassed a huge hoard of bullion that they spirited out of the country before the Soviet Union disintegrated in 1991.

Viktor Gerashchenko, the last Soviet central banker and a two-time chairman of Bank Rossii, has repeatedly denied such speculation, including last February.

“When people ask about the party’s gold, my answer is always: Are you an idiot or something?” Gerashchenko, 75, told Afisha magazine.

For now, with more than five years left in Putin’s term, Russia plans to keep on buying.

“The pace will be determined by the market,” First Deputy Chairman Alexei Ulyukayev said in an interview in Davos, Switzerland, on Jan. 25. “Whether to speed that up or slow it down is a market decision and I’m not going to discuss it.”

reply to post by taketheredpill


TY for the edit and update. Sure Putin is not the one the West had wanted in power. He doesn't sell out but rather takes back what has been stolen. I have always been one for "nationalizing" a country's natural resources. With "National" I mean the Nation is US, we the people.

reply to post by taketheredpill


This 'petrodollar' business is silly. Oil is commonly priced in dollars because oil producers prefer it that way, and they prefer to keep their money in dollars. That's their choice, not the USA's, though of course the USA doesn't mind.

And surely when making long term contracts to Japan they might price in Yen as well. And it doesn't really matter. Large global banks can sell you whatever currency futures or options you need to interconvert. And oil producers can sell contracts in whatever currency they prefer.

There won't be any petroruble or petroyuan any time soon. As far as the first, when Russia sells oil and gas, what does it ask for? Euros and dollars, not rubles. There's a reason for that (even the government needs/wants euros & dollars).f Just now thanks to Putin's aggression, the ruble is plunging. Who really thinks the russian ruble is going to be a usefully stable and liquid international currency? It's the judgement of the market that makes it, not any government policy directly.

As far as the second, eventually the yuan/renmibi will be a major international currency, like dollar, euro and yen, but it will take a long time. You need full interconvertability and a deep and liquid bond market. This means for instance a german bank trading yuan bonds with a US bank without the Chinese caring.

Right now, the yuan isn't a global reserve currency because the Chinese government doesn't want it that way because there would be many internal consequences.

reply to post by mbkennel


Wow....are you really that Naive?
You seriously think that people trade oil in American dollars because they want to? That sir, is the most ridiculous thing I have heard in quite some time. Heres a perfect explanation of this "silly petrodollar" that you so easily blow off.

The invasion of Iraq may well be remembered as the first oil currency war. Far from being a response to 9-11 terrorism or Iraq's alleged weapons of mass destruction, Petrodollar Warfare argues that the invasion was precipitated by two converging phenomena: the imminent peak in global oil production, and the ascendance of the euro currency.

Energy analysts agree that world oil supplies are about to peak, after which there will be a steady decline in supplies of oil. Iraq, possessing the world's second largest oil reserves, was therefore already a target of U.S. geostrategic interests. Together with the fact that Iraq had switched its oil export currency to euros -- rather than U.S. dollars -- the Bush administration's unreported aim was to prevent further OPEC momentum in favor of the euro as an alternative oil transaction currency standard.

Meticulously researched, Petrodollar Warfare examines U.S. dollar hegemony and the unsustainable macroeconomics of 'petrodollar recycling,' pointing out that the issues underlying the Iraq war also apply to geopolitical tensions between the U.S. and other countries including the European Union (E.U.), Iran, Venezuela, and Russia. The author warns that without changing course, the American Experiment will end the way all empires end with military over-extension and subsequent economic decline. He recommends the multilateral pursuit of both energy and monetary reforms within a United Nations framework to create a more balanced global energy and monetary system thereby reducing the possibility of future oil-depletion and oil currency-related warfare.

The USA is a war mongering military industrial machine that I am sure most of the world woyuld have nothing to do with if they had a choice in the matter. And I don't mean that the US people are war mongering in general...it is the powers that be and the pursuit of world domination in the name of "Democrocy" that I refer to. Methinks it is time one reads between the lines when disseminating world events and how they relate to oil trade.