Sharon Moles PETRODOLLAR ALERT: Dropping the dollar as the world’s reserve currency is the BOTTOM LINE concerning the current moves by Russia, and it surrounds the purchasing power for oil. HOW WILL THE U.S. RESPOND??? WW3 LOOMS on the horizon (with many facets, including events in the Middle East: ONE ASPECT OF THE MIDDLE EAST also centers upon oil, with Israel at THE CENTER--concerning their reserves of this prized commodity and the wealth to be made with it). These issues will indeed move toward the fulfillment Bible prophecy concerning these end times. WATCH AND PRAY. Remember, too, that China holds much of Americas massive debt, of which, THE COLLATERAL is our assets (land, mineral wealth and infrastructure). FROM ZERO HEDGE--Russia is preparing the announcement of the Holy Grail energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis. One which, as some especially on these pages, have suggested would lay the groundwork for a new joint, commodity-backed reserve currency that BYPASSES the dollar, something which Russia implied moments ago when its finance minister Siluanov said that Russia may regain from foreign borrowing this year. Translated: bypass western purchases of Russian debt, funded by Chinese purchases of US Treasurys, and go straight to the source.zerohedge/news/2014-03-21/petrodollar-alert-isolated-west-putin-prepares-announce-holy-grail-gas-deal-china Here is what will likely happen next, as explained by Reuters: Igor Sechin gathered media in Tokyo the next day to warn Western governments that more sanctions over Moscows seizure of the Black Sea peninsula from Ukraine would be counter-productive. The underlying message from the head of Russias biggest oil company, Rosneft, was clear: If Europe and the United States isolate Russia, Moscow will look East for new business, energy deals, military contracts and political alliances. The Holy Grail for Moscow is a natural gas supply DEAL WITH CHINA that is apparently now close after years of negotiations. If it can be signed when Putin visits China in May, he will be able to hold it up to show that global power has shifted eastwards and he does not need the West.
Posted on: Fri, 21 Mar 2014 20:35:05 +0000
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