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+--- Thread: The Fraudulent Petrodollar Monetary System (/showthread.php?tid=2965)
The Fraudulent Petrodollar Monetary System - Steve - 03-10-2022
Telegram -
Vladimir Putin didn’t just invade Ukraine on 24/02/2022, he officially ended the petrodollar system.
“How? Remember, Russians don’t do anything without a plan. They & China have been prepping for this moment for years & are now ready:
Russia has stated NATO expansion into Ukraine was a red line.
-They knew their invasion of Ukraine would be inevitable and would have strategized that the US/West’s response would be SWIFT $ system exclusions/sanctions.
It is reasonable to expect that Russia’s next step would have been to shut off oil/gas pipelines to Europe, as Russia has built up huge Yuan, gold & commodity reserves.
-This will cause massive price and supply disruptions (war level) to the western markets & monetary system.
- For years Russia & China have looked for ways to re-monetize gold & exit abuses of SWIFT system as a geopolitical tool against them, but how to do it, how to exit, without West declaring it an act of aggression or war against the West?
- This Ukraine invasion just accomplished that end for them. And the West is doing it themselves.
-Now, freed to declare themselves SWIFT system outcasts by the western govt hands, Russia can now say “we will turn oil pipelines back on, but not for dollars.”
- Russia then declares that Europe or anyone that wants Russian oil (as of 3rd largest global producer) or Russian/Ukrainian wheat (1/4 of the world's production) must pay in gold, or use the ruble-yuan gold-backed payment system.
- Their leverage as an oil producer (who cuts off supply) will cause almost immediate price shocks to the western world. A good part of the population could immediately be unable to heat their homes.
- Almost equal to the oil shock they’d cause is their ability to cause food shortages and price spikes through the disruption of wheat production.
-Unmentioned in all this is China. Who has been silent & not condemned Russia? That means silent approval & cooperation.
- China will act to soak up Russian production of oil and wheat to soften the blow to their “strategic partner”.
- This will again be through the Yuan-Ruble facility and at some point overtly-stated gold backing of that system by Russia and China.
- The West will of course declare those last two bullets as acts of global aggression and direct threats to the “world monetary system”.
- At this point that there will be a clear fracture of the world’s monetary system into 2 competing East/West structures, circling back to the initial point that the 50-year global petrodollar system has just officially been ended by Putin.
If the above analysis is indeed correct, then the threat to the petro- $ is no different to the time of Charles De Gaulle or Gaddafi, but on a larger scale. They can't remove Putin as easy as they did with previous leaders who challenged their fraudulent petrodollar monetary system.”
~Phil Seymour
https://t.me/LauraAbolichannel