THOUGHTS ON “WAR & PETROLEUM RESERVES” Part 2
irrelevant111 FEBRUARY 17, 2015 AT 6:22 AM There comes a time when those of so-called wisdom or rather one on the perch blows much. Earth appears to fall in that category.
Daneackerman FEBRUARY 17, 2015 AT 7:50 PM You know weather is so hard to predict these days. What would an ice age look like?
What degree of cold would constitute an ice age? I mean an ice age to someone else may be a cool winter to me. I’m just working from the Trivium level though.
Here is an article discussing the two subjects you presented, global warming and an ice age.
Daneackerman Continues: Not so sure about empires and the like (never had personal experience) but I see a different architecture being laid out. One that is putting into place mechanisms for the movement to a global community. Not NWO or anything we people may put into it but kind of like this.
The US went through an industrial revolution and pioneered the new age. We have been called the American experiment even. So why can’t America’s development be a framework for the up and coming developing countries to follow and or improve on?
Would all the mechanisms we are seeing put into place today also serve this coming need? I see a lot of horses being put into the starting blocks waiting for the start of the race.
Some are even getting antsy. But for this big move to be fair current cartels which are very similar to monopolies just with group or family owners would have to be broken up just as they have in the past.
I’m remembering the Rockefeller monopoly, Vanderbilt and such which grew and then was forced to break up. It just seems very similar to those times. How could it fit into the geopolitics?
I can make sense of the financial system needing to be fixed prior to this huge expansion so the banks can capture as much loot as possible. Also the destroying of countries economies to force them into bail outs, loans and such.
But what about the other side of the coin? The business side, the industrial side and such?
Cooper (@coopersmith648) FEBRUARY 17, 2015 AT 6:08 AM Taking a quote from JC’s previous article:
“The attempts of others to ignore the obvious connections between the SDR and the BRICS nations, as well as the multilateral mandates, all of which are discussed in the official white papers and publications of the nations treasuries and central banks, as well as other institutions, are of questionable intent.”
That comment helped to pull my attention away from the various news sources and focus in on the Government and Banking websites.
The literature heavily favours the perspective shared by JC and this website – that there is clearly a universal consensus for adopting global frameworks of trade, finance and legislation to align all nations under a uniform commercial corporate governance.
Free floating exchange rates are a progressive policy long embraced by the global power structures i.e. United Nations, IMF, BIS, World Bank etc, and is well pronounced on their websites.
For a recent example, we can look at the IMF terms and conditions that the Ukraine was required to meet for eligibility in receiving a loan/bail-out: Will the IMF Bailout Turn Ukraine Into Another Greece?
7 April 2014 “But the most painful of the IMF demands is a free-floating exchange rate that’s already being implemented…”
Inclusively, lower Oil prices are a very big factor in helping to nudge the global economy towards the direction seen as more advantageous to the rent seeking elites.
Perhaps, something to pay attention to over this year is just how well the top oil producing countries handle their exchange rates.
Already in the last 4 months we’ve seen Russia, Ukraine, Costa Rica, and Venezuela float their currencies and now Nigeria is feeling the pinch:
Nigeria: CBN Circulars Add More Pressure onto NGN
28 January 2015
“…However, a managed exchange rate regime appears unsustainable in a context of low oil prices and, consequently, falling FX reserves…”
“…In this context, erosion of market and investor confidence in the policy stance could lead to the authorities eventually moving from a managed exchange rate regime to a floating exchange rate…”
Best said by JC on this website – “The Global Currency Reset will happen in levels as currencies are allowed to free float within the parameters as set forth by the SDR composition of each country.
Falling oil prices will continue to be the predominant catalyst forcing those countries to either sell vast quantities of foreign reserves to intervene and manage their exchange rates in the face of a quickly appreciating U.S. dollar or submit to the pressures of the “new global context“.
Notes from Russia and Kazakhstan 12 December 2014
“The economic prospects of many resource abundant economies are tied to oil prices…”
“…commodity-exporting countries should let their exchange rate float, allowing independent monetary policy to respond to commodity shocks…”
“…The sharp drop in oil prices was one factor which accelerated the [Russian] central bank’s transition to a free-floating exchange rate (originally planned for January 2015) unexpectedly to November 10…”
As more and more countries continue with the script, depeg from the U.S. dollar and freely float their currencies more and more people will be submerged in the drama, embedded in the fleeting-time matrix and unable or unwilling to properly address the bigger act being staged by “script writers”.
I really hope ever so much that the bigger act written into this Divine play is peace and prosperity not war. Godspeed brothers and sisters :) an interesting link – Visual History of Financial Crises
petertmoline FEBRUARY 17, 2015 AT 6:50 AM War?? God forbid. Who would be on whose side?
Who would know what goals or outcome’s would determine it being over . Be it by defeat of who or what? Land acquisition, for control of resources?
Control of the commons be it for the movements of goods or a digital common trading platforms? Empire? Will the new look of Empire even resemble what the old or current empire’s look like today?
Will we even be able to recognize the New Boss? Lot’s of questions, i’m not expecting answers to any of them. I believe they will escalate the proxy war’s to the point they will appear to be a world war but they won’t be.
Except for details that may look huge to most, but are just details to the powers that be, the surrenders and treaties are already worked out.
The winners and losers are already picked, no matter who wins or loses. The savage nature of the first few ,months will not allow for any long term engagement . The proxy nations will sustain the brunt of the damage. that’s not to say the major players will escape unscathed.
They will try to put the fear of God in us, they can’t be our saviors unless they do. I hope I’m wrong. J.C. in your Nov. 19 , “The American Game” post you stated “There is a big piece of the puzzle still missing. Any closer to the missing piece?
Cooper (@coopersmith648) FEBRUARY 17, 2015 AT 1:58 PM you make some good points Peter, opinions count towards collectively moulding and shaping a better understanding of the bigger picture. Thanks
Matt McBride (@MattMhmmcbride) FEBRUARY 17, 2015 AT 7:11 AM Hi JC and team, Just wanted to get your thoughts on the following:
If we all agree the world is moving to the multilaterial system based around the IMF SDR, it would be reasonable to conclude for the SDR to thrive, it must be stable, liquid and have acceptance from all key players. Adding an unpegged Chinese Yuan would aid with the above three criteria.
Gold, the Ruble, and/or Aussie, Looney etc could be argued but is not a certainty nor a necessity either way you look at it.
The Euro Union and Currency has had its positives and negatives, but in the long run is doomed to fail.
My question is: If the euro cannot last, is it better for the sake of the impending multilateral SDR for the Germans to withdraw from the euro (and have the Deutsche mark added in the SDR upcoming basket review) or for the EC and ECB to make life and conditions so difficult for the PIGS that they withdraw?
The Euro cannot force out Greece or other PIG nations.
A German withdrawal would make more sense then trying to force several withdrawals, and allow the euro to devalue further, aiding PIGS competitiveness in exporting.
This may also explain the German gold repatriation.
Cooper (@coopersmith648) FEBRUARY 17, 2015 AT 1:48 PM Some pertinent questions Matt and interesting to ponder. I think I’ll focus on your line of thinking over the next few research attempts and see what comes to light for me. Thanks for sharing your contemplations :)
Matt McBride (@MattMhmmcbride) FEBRUARY 18, 2015 AT 12:24 AM Thanks Cooper.
Your feedback would be appreciated.
On further analysis, the euro would struggle to survive in its current fracturing form caused by hardline austerity, growing wealth/economic divide among members, and the festering civil and political unrest until the 2020 SDR basket review.
Unless the IMF is willing to do a special addition of the Deutsche Mark between the 2015 and 2020 review (which is highly unlikely), I feel for the sake of German, the EURO PIGS, and global financial stability that it is imperative and quite probable that the Germans withdraw from the EU/Euro prior to the informal May 2015 SDR basket review.
Current headlines for connecting the dots:
ps if gold repatriation is any clue of who else may be withdrawing from the Euro (see the Wikipedia list for more details)
Matt McBride (@MattMhmmcbride) FEBRUARY 18, 2015 AT 1:49 AM It seems Germany and Holland have had withdrawal plans from the Euro for several years now.
I think they may be dusting these plans off ready for use.
Matt McBride (@MattMhmmcbride) FEBRUARY 18, 2015 AT 2:14 AM German gold repatriation train of events
Euro scare 2010-2012 > Return to Deutsche Mark “plan B” formulated 2011-12 > Gold Repatriation began 2012
petertmoline FEBRUARY 17, 2015 AT 8:24 AM Wow! Nice timing earthstepper. Thx
David Aylward (@Aylward5) FEBRUARY 17, 2015 AT 1:25 PM Could the SDR just be a means to “equitably” divide the resources of a failed state among the dominant economies?
I’m sure there are those in the IMF and BIS that think they have the answer for the global economy but they have so far failed at restructuring the tiniest of economies.
The one thing they do provide the majors is a claim on assets. Of course a nation has to fail before these claims can be made….
Daneackerman FEBRUARY 17, 2015 AT 4:46 PM This headline fits into the oil mix. How, why and whom it benefits I can only speculate but its interesting when tied to your essay and say corporate warfare. At any rate I think we lost some oil yesterday…..
For some reason it seems like Obama’s announcement about committing forces to fight ISIS (we are still allowed to call them that right?) was an indicator that the resisting nations are running out of time to get things in order.
Here are a couple of todays headlines.
“UPDATED Ukraine ceasefire: Russia-backed rebels claim victory as fighting rages on”
“Egypt Bombs Islamic State Stronghold in Libya After Massacre”
speedspirit FEBRUARY 17, 2015 AT 11:02 PM Following my last post about emerging technological advances that will thwart the plans of world oligarch’s. Oil was meant to lubricate the shifting tectonic plates of the earth and was not meant to be the reason for wars and oppression.
Seeing how the Sun is all giving it only makes sense that Solar energy is the mass conscious choice for averting mans extinction thru war over oil.
I would have to throw this argument into the ring that the banks are stockpiling the oil to prevent their own demise. With the sanctions being lifted on Libya and Iraq in 2014, along with a depressed world economy, shale oil and Brazilian oil increases that there is too much oil availability vs demand.
If the banks did not stock it then there would be many casualties and that could trigger a market collapse by way of derivatives. It seems stocking oil is now necessary just like what they did with copper in 2008.
According to the “State of American Energy Report”, solar is now the fastest-growing source of renewable energy in America.
“Today, the U.S. has an estimated 20.2 GW of installed solar capacity, enough to effectively power nearly 4 million homes in the United States – or every single home in a state the size of Massachusetts or New Jersey – with another 20 GW in the pipeline for 2015-16.
This shows a doubling in just two years. And other parts of the world are moving forward more aggressively with Solar technology compared to the US like China and Germany.
As cost due to technology and demand continues we could see Solar energy do severe financial damage to the oil industry and putting government’s needs to control oil regions in the waste basket along with global warming. The Second Law of Thermodynamics!
Norman Ball FEBRUARY 18, 2015 AT 1:10 AM Another good one JC. Regrettably, I’ve gone from an 80% to 95% chance of world war over the last couple of years. My vision is a bit darker than yours. However as a parent, I will happily wipe pie from my face if the world is taking constructive forward steps that I am failing to see.
“our current system of exchanging goods and services, in essence an economy…is actually being permanently concluded”
Bingo earthstepper. I have a couple of articles in the hopper on this very thing. We are moving towards the cessation of the modern economic. That may sound harsh.
However there are a number of reasons for this. Clearly, capital is retreating from the world. Wealth has served its intermediary purpose.
First, a final consolidations must happen, Iran must be brought within the central bank aegis.
Russia is already on-board, as is China. However there is a bleed-through and overap of American Empire and International Capital agendas and objectives. This is where war comes in.
Much has been made of Netanyahu’s incredible breaches of protocol in his planned speech before the US Congress. Netanyahu is the savviest Head of State when it comes to such things (not to mention having spent years in the US).
He is on a transcendent errand, as a spokesman for International Capital, and is delivering the message that the American military is to be put on the job.
Those who focus on the nation-state delineations are misperceiving the message and the messenger in this instance. The Iranian nuke issue is an utter pretense.
That’s why Obama just leaked the 1980’s US-Israel nuclear cooperation –to help expose the artificiality of the casus belli. There’s going to be a war, and a large one.
I hope JC indulges my latest long essay attempt. Actually this short book begins with a Philosophy of Metrics passage as the prefatory quote.
Since it was too long for my usual venues, I kicked it onto an eBook. Then what the hay, since I was half-pregnant, I made a paperback on Createspace. I just wanted to get the message out:
“Just above the disorganized masses, but underneath the Money Changers, exists another demographic which we have referred to as the rent seeking elite.
This rent seeking elite attempts to transfer the wealth of the larger masses through processes of taxation and currency manipulation, such as inflation and fractional banking practices.
Once the wealth is consolidated within the smaller demographic, the Money Changers can effectively manage both groups by controlling the money supply on a supra-macro level.”
This was a mouthful JC and it made me go back to Ferdinand Lundberg (1968) and his two-tiered elite. Orwell too. I hope some of you take the opportunity to read it.