By Sorcha Faal
What Does It Mean
A grim Ministry of Finance report prepared for Prime Minister Putin is warning today that the decision by Iran to cease taking US Dollars for its oil could very be the “first shot” fired in World War III, and one which Russia will be blamed for by the Obama regime.
According to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and China, and further announced that bilateral trade between itself and Russia will, also, break from the US Dollar for settlement in favor of the Iranian Rial and Russian Rubles.
Sure to enrage the Obama regime, this report continues, was that the proposal to switch to the Ruble and the Rial was raised by President Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization.
Though Iran had previously announced in 2008 that it had stopped trading its oil for US Dollars (Ahmadinejad called the depreciating US Dollar a “worthless piece of paper”) India, Japan and China were made exempt due to their large holdings of American currency and fears of wreaking further chaos on the global economic collapse that had just begun.
Important to note, this report reminds us, is that a similar move by Iraq’s former leader Saddam Hussein in not accepting US Dollars for oil in 2000 brought about the invasion of his country by the Americans and their European allies resulting in his eventual execution and causing the vast wealth of Iraqi oil and gas fields to be turned over to the Western oil giants.
Likewise, this report says, former Libyan leader Muammar Gaddafi earned the same fate as Hussein after he, in the months leading up to the US-NATO military attack on his country, called on African and Muslim nations to join together to create a new currency that would rival the US Dollar and Euro and saying that Libya would only sell oil and other resources around the world only for gold dinars.
Most oil sales throughout the world are denominated in US Dollars, and according to proponents of the petrodollar warfare hypothesis, because most countries rely on oil imports, they are forced to maintain large stockpiles of Dollars in order to continue imports.
This creates a consistent demand for US Dollars and upwards pressure on its value, regardless of economic conditions in the United States. This in turn allows the US government to gain revenues through seignorage and by issuing bonds at lower interest rates than they otherwise would be able to. As a result the US government can run higher budget deficits at a more sustainable level than can most other countries.
But, this report reminds us, the current budget deficit of the US has now reached the staggering amount of $15.23 trillion which is the size of its entire economy, and with the Federal Reserve preparing to being another round of massive printing this coming summer the loss of Iran’s oil customers needing US Dollars could very well signal the collapse of the entire American economy.
Though the Obama regime has sent its Treasury Secretary, Timothy F. Geithner, to China and Japan today in an effort to persuade them to cut back on Iranian oil this effort appears doomed from start as the Chinese have outright rejected this move and Japan has, likewise, expressed its concerns.
As is always the case in these type of dire matters, reports from the US show its mainstream propaganda media organs are not reporting on this potentially catastrophic turn of events leading to yet another circumstance where the American people will be taken by complete surprise when this cold war suddenly turns hot.
In order to prepare itself for what is to come, however, a vast Russian naval fleet arrived in Syria yesterday in an attempt to forestall US-NATO action against its Middle East ally currently under attack by the CIA-backed terrorist group known as al-Qaida.
Most shocking in this report are some Russian economists stating that the Obama regime is actually anticipating the collapse of the US Dollar as a “solution” to their being able to implement drastic socialistic change such as was done during the Great Depression under President Franklin D. Roosevelt, and which the grim statistics being reported from the US show they are, indeed, nearing total economic collapse and include:
As the buildup for war between the US and Iran continues to escalate, UN Chief Ban ki Moon’s call for the easing of tensions has gone unheeded as the Obama regimes call for the “dogs of war” to be unleashed on the Iranian people shows no sign of abatement.
To what the final outcome may be in all of these events was detailed by Professor Igor Panarin of the Diplomatic Academy of the Russian Ministry of Foreign Affairs who has long warned the United States is in a state of economic collapse which will see America being divided up into 6 regions [Map bottom left] due to a “vulnerable political setup,” “lack of unified national laws,” and “divisions among the elite, which have become clear in these crisis conditions.”
Interesting to note about Professor Panarin’s prediction of the United States splintering into different regions are new reports coming from the United States showing that the Obama regime has recently called for the staffing of what are called FEMA Concentration Camps in not just 6, but 10 different regions of their country.
Professor Panarin further warned that “a secret agreement was reached between Canada, Mexico and the US on a common Amero currency as a new monetary unit” and said that “this could signal preparations to replace the dollar.”
When asked how Russia should react to his vision of the future, Professor Panarin said: “Develop the ruble as a regional currency. Create a fully functioning oil exchange, trading in rubles… We must break the strings tying us to the financial Titanic, which in my view will soon sink.”
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