Oil Rich Venezuela Stops Accepting Dollars

Source: The Burning Platform

 

  • President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,”
  • Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil
  • Order comes following calls from Russia and China to find alternatives to current reserve system
  • U.S. Dollar accounts for two-thirds of global trade
  • Venezuela has over ten-times more oil than United States
  • Super powers are gradually turning to gold to avoid using world’s main reserve currency
  • Are we seeing the beginning of the end for the U.S. dollar?

The oil-rich country of Venezuela has stopped accepting the U.S. Dollar as payment for oil.

Last week President Maduro warned that the country would this week ‘free’ itself from the US dollar. Continue reading

America’s Weapons: “The Dollar and the Drone”

 

It was said that “the guinea and the gallows” were the true instruments of British imperial power.

The guinea represented the coined wealth of Great Britain.

The gallows represented its… constabulary zeal in policing restless natives.

This is the 21st century of course… a time of enlightenment.

Today’s instruments of imperial power are no longer the guinea and the gallows.

No. Today’s instruments of imperial power are “the dollar and the drone.” Continue reading

Talks in the Chancellery

BERLIN/CARACAS (Own report) – Chancellor Merkel will meet one of Venezuela’s leading government opposition politicians today in the Chancellery. Julio Borges, who, according to reports, supported the 2002 putsch attempt in Caracas, will discuss the political development in Venezuela with the chancellor. Fierce power struggles are being waged in that country. The opposition, mainly composed of representatives of the traditional wealthy elites, has ties to Western powers und is also supported by Berlin. With its operational assistance, for example in advising Borges’ Primero Justícia (Justice First) party in “political communication,” the CDU-affiliated Konrad Adenauer Foundation has been playing a special role. Primero Justícia had also participated in the 2002-attempted putsch. Berlin is pursuing an approach similar to that used in other Latin American countries, wherein it regularly supports the traditional elites. This resembles the German authorities’ interventions in the run-up to the putsch in Ukraine.

Continue reading

Colombia: Venezuela Crumbles Into Uncertainty

While Venezuela is drifting towards mass starvation, government collapse and civil war Colombia has managed to avoid all that and then some. What Colombia did was not easy. It required nearly two decades of effort to reach the point where a peace deal was agreed to and succeeded in disbanding the major leftist rebel group FARC. With that accomplished (as of the end of June) the second largest leftist rebel group (ELN, a third the size of FARC) now wants to talk peace as well. All these leftist rebels got going in the 1960s but by the 1990s were rapidly losing popular support. It got worse after 2000 because by then the drug gangs and leftist rebels had merged in many parts of the country, and the war was increasingly about money, not ideology. A new reform government took advantage of this and organized an offensive that sharply reduced crime and gave the economy a chance to become the most successful in South America. Continue reading

This Region Is China’s Next Target For Resource Deals

Brazil

 

South Africa’s chamber of mines officially filed suit this week to block the country’s challenging new mining charter. But elsewhere in the world, some of the biggest investors in natural resources are ramping up their financial commitments — to a new target region for mining and energy deals.

Latin America.

Specifically, Brazil. Where government officials announced that a major new infrastructure fund backed by China will begin accepting investment proposals this week. Continue reading

Russia and China Move to Dump the Dollar, Threatening the New World Order

 

As long predicted, the dollar’s dominance on the world’s economic stage is wavering and likely to completely collapse soon given the move away from the dollar by Russia, Iran, and China. 

Many have been predicting it. This writer spoke of it as early as 2004. The elite have dreaded it. It’s finally happened. The dollar is soon to be removed as the trading currency for oil and other commodities among Russia, Iran, and China. The effect on the U.S. economy will be catastrophic. However, in the long run it will serve to force the U.S. into a regional, rather than a global role. Continue reading

World Leaders Gather in Beijing While the US Sinks into Irrelevancy

The United States is fractured and permanently scarred with very little diplomatic room to maneuver, and as the article states, doesn’t even know it. We’re looking at a new world shaping up within the next 10 years… a new world without the United States having a voice in its affairs. This is an unprecedented new chapter in world history that the old order doesn’t recover from. If you’re an American, get used to second or third-rate living standards and all the problems that come with it.

To add clarification: President Trump has a great chance in saving America from ruin, and let’s hope he will. Where he has almost zero chance is in saving it’s standing in the world. An alternative world structure has already been built and members are being filtered in. The ‘on button’ is waiting to be pushed. All that needs to happen is an event, such as global economic collapse, that sets America back and simultaneously provides the new world structure a window of opportunity to spring into first place.

 

World Leaders Gather in Beijing While the US Sinks into Irrelevancy

 

While vaudevillian comedy-like shouting matches broke out in the West Wing of the White House between President Donald Trump and his senior advisers and between the White House press secretary and various presidential aides, world leaders gathered in Beijing to discuss the creation of modern-day land and maritime «silk roads» to improve the economic conditions of nations around the world. Nothing more could have illustrated the massive divide between the concerns of many of the nations of the world and those of the United States, which is rapidly descending into second-rate power status, along with its NATO allies Britain, France, and Germany. Continue reading

Royal Navy to Lose Amphibious Capabilities

HMS Ocean sails into the sunset

 

Possible cuts will leave Britain incapable of the offensive.

Under the cover of darkness on May 21, 1982, British forces landed on the beaches of San Carlos in the Falklands. The 2 Para, 40 Commandos, and the 3 Para and the 41 Commandos conducted an unopposed amphibious assault, assisted by special forces, in a campaign to retake the capital city of Stanley. By the time the sun rose, the rest of the 3rd Commando Brigade was onshore to repulse the Argentinian counterattack.

The British could not have won the Falklands War without using their amphibious capabilities. The Thatcher government received a great deal of praise for the war, and it was a moment that made Britain believe in itself again as a major power. Ironically, all of that would have been impossible if the Conservative government’s plan of cutting the aircraft carriers and amphibious fleet had come about earlier. The Falklands War saved the Royal Navy.

Remarkably, the current Conservative government is planning similar cuts, by retiring the Royal Navy’s last aircraft carrier, the hms Ocean. Continue reading

Opinion: China may be wobbly, but it’s only thing standing between us and recession

China accounts for about half of global economic growth, Stephen Roach says

NEW HAVEN, Conn. (Project Syndicate) — Is the Chinese economy about to implode? With its debt overhangs and property bubbles, its zombie state-owned enterprises and struggling banks, China is increasingly portrayed as the next disaster in a crisis-prone world.

I remain convinced that such fears are overblown, and that China has the strategy, wherewithal, and commitment to achieve a dramatic structural transformation into a services-based consumer society while successfully dodging daunting cyclical headwinds. But I certainly recognize that this is now a minority opinion. Continue reading

Brazilian President Dilma Rousseff ousted in impeachment vote

President Dilma Rousseff was stripped of her office Wednesday in the culmination of a political crisis that has left Latin America’s largest nation adrift, with an economy in deep recession and a public sharply divided over the country’s future.

Rousseff was impeached on arcane charges having to do with violating budget laws. But she was swept up in a tide of revulsion against Brazil’s political class as the once-flourishing economy contracted and political parties were tarred by a massive corruption scandal.

Wednesday’s 61-to-20 Senate vote closed out an extraordinary 13-year rule by the leftist Workers’ Party, which boasted of lifting tens of millions of Brazilians out of poverty before the economy began to nosedive and its political fortunes soured. Continue reading

China and India look to strengthen relationship

The two nations pledge to work together in hosting upcoming G20 and BRICS summits, and to cooperate more on economic and security matters

China and India vowed to enhance their bilateral ties and to cooperate in hosting the upcoming Group of 20 (G20) summit in Hangzhou as well as another meeting between emerging-market nations.

The pledge was made at a meeting between Chinese Foreign Minister Wang Yi and Indian Prime Minister Narendra Modi in New Delhi on Saturday. Continue reading

The World’s Biggest Oil Discovery Just Opened For Foreign Ownership

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The pre-salt of offshore Brazil.The billion-barrel potential of Brazil’s pre-salt has been recognized for years. But getting into this big-upside play hasn’t been easy — given that blocks here were tightly controlled by Brazilian state developer Petrobras. With foreign operators generally confined to minority stakes in partnership with the major.

But on Friday, Petrobras did something it’s never done before. Sold a majority stake in a pre-salt block to a outside entity. Continue reading

Iran’s Past and Future Presence in Latin America

Investigations into past Iranian terrorist attacks in Argentina reveal the extent of its terror network in Latin America and its determination to sponsor global chaos.

On July 18, 1994, a Hezbollah suicide bomber operating under directions from Iran, rammed a truck laden with 600 pounds of explosives into the Asociación Mutual Israelita Argentina (amia) building—a Jewish community center in Buenos Aires. The ensuant blast killed 85 people and wounded more than 300 others.

Nearly 22 years later, the amia bombing remains as the worst terrorist attack in Argentine history, and it is largely unsolved. But the bombing is arguably the most revealing of the extent of Iran’s terror outreach beyond the borders of the Middle East.

As Iran has expanded and spread its acts of terrorism and its hatred for Jews all over the Earth, even right up to the United States’ backdoor, it simultaneously has worked hard to cover its tracks and present itself as a pragmatic international partner. Terrifyingly, Iran has scored some successes: The world’s number one state sponsor of terrorism is now essentially an ally of the U.S. and the West.

Time will prove that to be a fatal mistake. Continue reading

Germany Makes Gains in the Scramble Over Latin America’s Resources

https://images.thetrumpet.com/5747062d!id.14095

 

Latin America’s political shifts are opening doors for Germany’s economy.

Many nations today are casting their gaze upon a land where natural resources are found in abundance, where raw materials are yet to be extracted, and where renewable energy resources haven’t reached their full potential. They are ogling Latin America as a region that could help them secure their economic future.

For a time, China, and to some degree Russia, seemed to gain the upper edge.

But the Trumpet did not expect that arrangement to last. “[B]e assured that Europe will not stand by passively and allow Beijing and Moscow to elbow it off the dance floor,” we wrote last year.

Now, the political landscape in parts of Latin America is changing, which may open the door for greater German involvement. Continue reading

FEMA Contractor Predicts ‘Social Unrest’ Caused by 395% Food Price Spikes

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Image: Flickr/Alex Morse.

 

The US national security industry is planning for the impact of an unprecedented global food crisis lasting as long as a decade, according to reports by a government contractor.

The studies published by CNA Corporation in December 2015, unreported until now, describe a detailed simulation of a protracted global food crisis from 2020 to 2030.

The simulation, titled ‘Food Chain Reaction’, was a desktop gaming exercise involving the participation of 65 officials from the US, Europe, Africa, India, Brazil, and key multilateral and intergovernmental institutions. Continue reading