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THE DECLINE OF THE PETRODOLLAR? IRAN AND INDIA SETTLE IN RUPEES: BUT ...

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A couple of years ago you might recall that the world watched as India and Iran agreed to settle some of their payments in Indian rupees rather than dollars. It was, I suggested, a symbolic act signaling more to come. Well, in this article shared by Mr. D T, it just came:

Just the Beginning: Iran, India Dump Petrodollar, Settle Oil Payments in Rupees

Note that the article is clear as to what is going on: trade between the two nations, which had been settled in part in rupees, is now going to be conducted bi-laterally entirely in rupees, do not pass go, no longer going to the Federal Reserve jail:

Iran and India have announced that they intend to settle all oustanding crude oil payments in rupees, as part of a joint strategy to dump the dollar and trade instead in national currencies. The Indian Express reports:

Ditching the dollar, Iran and India have agreed to settle all outstanding crude oil dues in rupees in preparation to future trade in their national currencies.

In other words(and reading between the lines a bit), the prior arrangement whereby some oil payments were settled in rupees worked well enough for both parties to agree to a total abandonment of the dollar, at least with respect to oil payments. And as the article also notes, such arrangements have geopolitical consequences:

This is truly a bold move by Iran, a country literally surrounded by American military bases. We shouldn't forget what happened to Iraq after it announced that it was dumping the dollar.

The difference, of course, is that Iran has a little friend called "Russia".

There's more going on here than just a message from  Russia, and in my high octane speculation of the day, I want to suggest that Russia's message isn't a message, it's a statement of geopolitical fact and principle. The message, on the surface is, "Don't try this(i.e., going off the dollar in international trade) at home, on your own, without adult(i.e., great power) supervision." Beneath that messages there is a more disturbing principle emerging, one fraught with geopolitical hazards. Perhaps it is better to call it a pattern, which last weeks executions in Saudi Arabia, and the growing tensions between that country and Iran, underscore. Thhis pattern is the alignment of the west, via the USA, with Suni Islam via its extremist proxies in Riyadh, and for the BRICSA bloc to align itself with Shia Islam, via a regime with its own form of barbarity in Tehran. The pattern that is emerging is therefore a disturbing one.

Think of it in pre-World War One terms to some extent, with the Balkans in Europe, and Catholic Austria-Hungary determined to eradicate Orthodox Serbia, which was, of course, backed by Orthodox Russia. Of course, more was involved, at the level of high politics in Vienna and St. Petersburg, than just religion. But on the ground, in Zagreb or Sarajevo or Belgrade, it was about culture and its religious underpinnings. That world came crashing down, of course, when Gavrillo Prinzip and his co-conspirators successfully assassinated the heir apparent of the Dual Monarchy, the Archduke Franz Ferdinand. As we know, the event was seized upon by Vienna - with a little prompting from Germany - to send Serbia an ultimatum which it could not accede to. Austria mobilized, and that act, of course, was the act that touched off World War One, as the rest of the great powers mobilized. The bloodletting that followed - and it's also worth noting that this year, 2016, is the 100th anniversay of two of the bloodiest(and stupidest) battles in history, Verdun, and The Somme - remade Europe. And we are still trying to resolve the problems left by World War One.

Similarly, the current great power backing within the Islamic world aligns on clearly discernible cultural-religious lines: the West-Suni and East-Shia "blocs" so to speak, and I submit this alignment, in connection with the intertwined economic relationships, is a powderkeg waiting for a Sarajevo event. And lest that "Sarajevo" event seem too unlikely, one need only note the protests and acts that have followed Saudi Arabia's execution of a Shia cleric: embassies between Riyadh and Tehran are now closed. In this context, note also that the article states that Iran is considering closer ties with the BRICSA bloc.

As I noted in last Thursday's New and Views, the situation is made more dangerous by the fact that there is significant factional division within the West and the USA regarding Middle East policy. THe old adage, prior to World War One, heard in Berlin and St. Petersburg, was that Germany and Russia should never allow policy to be driven by their less powerful neighbors in Vienna and Belgrade. Similarly, it is time for Washington, Moscow, Paris, Beijing and Berlin to recognize that policy should not be driven by Riyadh or Tehran.

See you on the flip side...

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Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".

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37 Responses to THE DECLINE OF THE PETRODOLLAR? IRAN AND INDIA SETTLE IN RUPEES: BUT ...

  1. Well. here we go again…

    goshawks says:
    January 12, 2016 at 4:42 pm
    “Your comment is awaiting moderation.”

    Interesting. No quotes and no urls. Not even particularly bad-ass. Fortunately, I saved it and can repost-in-paragraphs if needed.

    Could readers comment – below here – whether they can see a post below zendogbreath January 11, 2016 at 5:11 pm and above goshawks January 10, 2016 at 5:12 pm ? I’d appreciate it, as a ‘survey’ of who can see it and who cannot…

    • Don’t see it goshawks.
      Unknown many times as to why it goes… poof.
      One, I suspect some bot algorithm.
      Twice, I suspect some bad word or the misinterpretation of something.
      Three times?
      Goldfinger explains it/
      One is happenstance.
      Twice is coincidence.
      Three times, it’s enemy action.

    • Hmmm. My “comment is awaiting moderation.” Invisible to all but me. It occurs to me that this is an effective ‘stall’ tactic. By the time it eventually-appears, most readers will be 3-4 columns down the road. Subtle.

      Mr./Mrs. Censor, I will be glad to let the readers know when it reappears, or in case I have to repost it. Glad to help…

  2. goshawks and robert,
    it’s probably more mechanistic than censorial on the moderation. maybe. for now i’m sticking with reduced punctuation (esp quotes) and cut and paste to save all on my clipboard. seriously. gotta wonder whether a censor could keep up with some of what we’re doing here. ha. censor smacktalk.

    all,
    pretty sure china and india are already managed by roth/rock/morg et al. russia too. doc’s got some great insights which way the games are played and when great turns are being made. yep saudi’s are being played for sure and look to be on the menu. but obusha neozioconlibs can turn domestic support for saudis either way on a dime. let some boogey man ferreigner bomb saudi causing u.s. oil prices to rise and joe six pack will start singing george m cohen songs like ‘over there’

    then again, how happy can anyone be knowing full well that 99.999% of their personal (or national) security depends on support from putin and/or china. putin could flip on syria in half a breath. he’d be stupid to. but then yeltsin was phenomenally stupid to sell so cheap to western banks and he did it.

    granted. assad should be grateful and somewhat relieved. just the same, if china and russia are the good cops on the eastern hegelian dialectic (with a side of shiism) and u.s. (and whoever they compel) is the bad cops on the western hegelian dialectic (with a gnosh of suunism) then there ya go, mix it hard for larger explosions. or stir gently for lots o smaller ones.

    not only is it problematic for the u.s. (foreign and then domestic) to swallow losing reserve currency control. it’s gotta hurt the east as well. there’s still a lotta debt in dollars out there. putin’s shown a tolerance for devaluing the ruble. china’s showing the same now in their market, right? how fast can they go on devaluing the reserve currency before switching (and after switching) to the new reserve currency (or currencies)?

    so i guess i’m answering some of my own questions here about domestic effects in u.s. of all these events. ubusha et al will ramp up overt war on the order that they’re dealing with domestic resistance to their coming austerity at home. unhappy with 50% unemployment in the under 30 demographic in amerika’s cities, suburbs and rurals? alrighty then. let’s get everyone singing ‘over there….. over there….’

    so how do we deal with that? in terms of prevent? endure? survive?

    • ZDB: ‘so how do we deal with that? in terms of prevent? endure? survive?’

      First of all, a good pessimistic/realistic post. Thanks. My real nightmare comes Jan 2017. Either we have whomever handles Trump or whomever handles Ms. Clinton. I don’t see much difference, behind the charades. The nightmare comes from a (handled) neocon House and Senate and a (handled) neocon-packed Supreme Court. No ‘checks’ to the checks-and-balances designed-in by the Constitutional framers.

      The neocons (their handlers) have shown an ability to move swiftly and decisively when they are given power. Apply this ‘ability’ to the world stage, and you have a massive war (or six) on your hands in no time. All this is a ‘given’. The only intriguing/disturbing part is WHERE the obligatory false-flag starting-gun will take place. It will need to be something that can truly piss-off/horrify the American (sheeple) public, and provoke an enraged reaction.

      To finally answer your question, I see no way to stop that progression ‘within the current system’. By that, I mean within the current state of consciousness of ‘everyman’. Fortunately, there ARE states-available which can stop the baddies in their tracks. (Think of a non-physical version of the ‘They’ eyeglasses.) Unfortunately, we-the-people are pretty much at the mercy of the higher powers as to whether that will actually occur. Maddening…

    • Well, my Comment is finally out of moderation. It survived. Anyone who wants to finally see it, it’s just above this mini-comment at 1/12 4:42pm…

  3. That is interesting: “Your comment is awaiting moderation.”

    And, the long comment does not show on the screen, if I am not logged-in. When I am logged-in, there-it-is, “awaiting moderation.”

    Would passing readers please note whether or not there is FOR THEM a long post by goshawks below Robert Barricklow (January 9, 2016 at 7:14 pm) and above Dan (January 9, 2016 at 5:53 pm)? I am curious whether it is only visible to me: This could be a form of ‘holoweb’…

    Thanks!

    • goshawks your comment was botted-out.
      I’ve run into this too many times. I know that quotes will put your comment in moderations mode, as will even a common hades word. Very touchy bot trying to moderate hateful, bad taste comments. You can still get by that bot if you wanted to push the envelope, but I don’t; at least intentionally in spirit.
      I had to go{Jan 6, 2016 at 6:18 under Putin Transforms Roscosmos into State Owned Corporation] rewrite with comments being moderately adjusted to get past bot. I tiered it, because I really can’t say what may trigger the bot. So then I could pin point it better.

      Had other recent comments before that including this link blow[to be tiered… in case.

      Good Luck Mr. Phelps..
      er… goshawks

        • RB, The 1st step to fighting the Wetiko virus is knowing you have it, many people are immune and I wonder why.
          Funny but sad: A few days ago I was trying to explain the virus to a 21 year old. He said- I don’t go to any of those conspiracy sites because the govt tracks you, ahhh.
          A bad seed dies right away while a good seed multiplies.

          • Yes Sandygirl, I remember a number of my friends wouldn’t go there because of tracking. But for myself, I wasn’t going to self censor my speech[spoke of 9/11 inside job the day it happened/was the first call on C-Span and surprised admiral Crowe by telling him it was a inside job].
            So I know the signature, and they have good reasons for their caution. But I just can’t go there.
            Yes, some are immune. Power is a hard drug to master; only a few I know of can use it and remain grounded, without it affecting their balance of justice and fair play – where might doesn’t make right.
            And then there’s that terminator seed. What other monsters has Wetiko spawned?

        • RB, I was reading the biblio article about ‘wetiko’ and it reminded me of another non-fiction book that approaches it from another – but similar – angle. It is ‘The Alphabet versus The Goddess: The Conflict Between Word and Image’ by Leonard Shlain (1998).

          Shlain does a worldwide historical review, and discovers that whenever a culture gets ‘literate’ – i.e., uses left-brain words instead of right-brain images – there is a profound shift in that culture’s values. Patriarchy and misogyny rise, and women’s social and political status decline. Religious and ideological warfare follow. Sounds a lot like wetiko, to me…

          Shlain tries to connect-the-dots of the above by noting a reinforcing of the brain’s left hemisphere at the expense of the right. Promoting linear and abstract, and minimizing holistic and concrete. Right now, I do not remember whether Shlain mentions an ‘origin’ for this ‘virus’…

          I read this book before I did all my Anunnaki (or similar) studies. It would be interesting if there was a correlation between left-brain dominance and genetic tinkering. One would think that a ‘natural’ species would have evolved an optimum balance between left and right brain usage. Once one ‘culture’ went left-brain (naturally or artificially), it could do things to other cultures that they – being more holistic – could not do to them. Over the centuries, this would ‘select’ for more and more left-brain cultures; exactly what we see today. Hmmm.

          At Amazon, this book generated 227 customer reviews to date, with a 4.1 out of 5 stars rating. I highly recommend it; it explains a lot.

          • Good analogy.
            Language, when examined deeply really amazes me. The language is really key and is more complex ans sinister than most people realize. It can also bridge the gap between one world and the next in tyerms of how the communication is perceived. There is more than one meaning, of course; but there is also another communication happening within the different parts of the brain. Specifically, an unconscious communication between subjects that happens totally under the consciousness radar. A communication that is nearly nonlocal in contextual communication that involves duality between auditory/movement.
            I’ve just tried to convey a novel idea that is really next to impossible to convey in its true meaning.

    • Thanks, RB! I wondered if a Comment was ‘visible’ to others, if it was “under moderation.” Apparently not. Although, mine was to me when logged-on. Interesting…

      Incidentally, your post may have helped my ‘situation’. My original, long post no longer shows “under moderation.” Hurrah!

      I do wonder whether the ‘controversial’ parts (whatever they were) proved to be not-that-controversial after all, or if the bright-light being shined on the censoring-issue caused the back-off…

  4. Policy is being driven by the addiction to power.
    In the past it was the ancients having superior technologies that gave them a God-like image.
    This ancients then set the system to embrace a religion/power system based in fact, on turning that religion into financial power. Basically they financialized religion. Eventually after the Guttenberg press weakened religion while strengthening paper money. A private monopoly on issuing credit now became The Power. It changed names many times through the Gods to now, but basically the control has been managed.
    Now the reserve Power status is once again being challenged. The question is: Is the who is as important as the financialized system. In other words, is the way of issuance of credit[private w/o checks or balances] corrupting the system to become destructive to life itself[Professor John McMurty’s theory of money]?
    It needs to be Public, in that it should become a bridge to a more sustainable and just system that benefits mankind and the living planet; rather than its master, whose raison d’etre is to destroy life.
    The BRISCA and WEST and drawn the lines between creative forces versus destructive forces,. Those in charge are corrupted by Power, and are thus mentally impaired. Those who can handle Power must play a delicate game with the Madness Power induces.

    A balance that life itself depends upon.

  5. Rather than defining the ‘split’ along religious lines, I would define it along Central Bank lines: Who belongs to the Rothschild-controlled, fiat-money, Central Bank system and who doesn’t?

    I believe Libya was the latest nation to be ‘regime-changed’ into the Central Bank system. (I’m not sure what The Ukraine had; their gold reserve was stolen, anyway.) To my recollection, that leaves only Iran, North Korea, and maybe China outside “The System”. Russian nationalists want out, but it is unclear whether they have the collective-will and the ‘firepower’ to pull it off.

    So, the shadowy figures behind “The Central Bank System” have nearly won…

    If I was to forecast future events based solely on this ‘observation’, I would say that Iran is the next-scheduled for destruction. (Duh!) Not for hypothetical nuclear weaponry, but for their resistance to “The Central Bank System”. Syria has been ‘softened-up’ along the way, to the point where they could not bring-in troops to aid Iran.

    Iran is peculiar, though. There is enough internal solidarity (some from awake-citizenry, some from internal ‘terror’ institutions) that the Maiden or Arab Spring approach will likely not succeed. Sanctions have also not succeeded. As Joseph’s article relates, Iran’s oil has left them freedom of action, even co-opting neighbors into their sphere of influence.

    I am sorry to say it, but the only ‘card’ left to play is the “bomb the hell out of them” card – whether conventional or nuclear. (Unless they want to go biological, but that is risky.) Destroy the infrastructure en masse, until they say “enough” and a Central Bank is put into place. (The IMF will extend-them rebuilding loans…)

    To me, the timing for this ‘card’ depends on the success of BRICSA and the alternate ‘development banks’.

    Like I said before, the one thing that the banksters absolutely WILL NOT tolerate is loss of financial control. Expect the attack as soon as serious cracks appear in “The System” wall. Said-attack will be preceded – of course – by an ‘appropriate’ false flag, for popular consumption.

    (The Russian leadership MUST KNOW this is coming. I would love to be a fly on the wall, hearing the debate on their strategy. Although, it might scare the hell out of me…)

    • That is interesting: “Your comment is awaiting moderation.”

      I wonder if my long post will disappear. If it does, I think I will break it up into paragraph-long ‘chunks’ and post each in a row. We’ll see what ‘disappears’ again.

      At least, we can find out – in detail – what the censor does not like, and therefore their probable ‘origin’ and viewpoint…

    • goshawks
      Right on the money! As the saying goes.
      That is the raison d’etre of foreign and domestic policies of those under the Central Bank’s controlling mechanism/money masters. The National Security State protects this leverage in every which way; including loose. And lose; they WILL NOT! At least in their mind’s eye. But they support a system[that when broken down is AGAINST life itself/John McMurtry’s life work].
      Why would a life subject itself to its own destruction? I submit it is a bad seed planted by alien subterfuge[purposed experiment?]. It has worked. Presumably, in other systems.
      This alien culture is seeding the universe with zombie soldiers to due their bidding, as the ultimate co9ntrol will be, and has been systematically imbedded within the genome[to be upgraded by mankind himself!]. I could go on; but this is my High-Octane Speculation/Sky-High!

      • DB: “I think they are pretty tight with London.”

        That would be right in line with the City of London petitioning to be in China’s ‘Asian Infrastructure Investment Bank’ and the Chinese gov’t/banks permitting it. That, in turn, means the Chinese have very limited (real) ‘freedom of action’. Sigh…

      • Wow. “Your comment is awaiting moderation.” Nothing even rancorous in it. (January 14, 2016 at 12:06 am) I must have a ‘reputation’… (grin)

  6. The US does not play nice with others. It’s prime weapon is the WRC / $USD.. Hence, any nation who abandons the current WRC, is much saner than someone who does not. I’m surprised all of the BRICSA 105 nation alliance, has not followed suit already.

    So, with this great change siesmically creeping forward, the US is going to have to do something to keep the upper hand. Question is, “What”?

    • I was also surprised the flood gates weren’t flung open all at once but those sneaky Russians sure know how to play.
      western middle class may find itself making Nike shoes in sweatshops for a bowl of rice.
      I like rice and if I have to go 3rd world for peace I will.
      Maybe the only way to kill the Amerika Corp parasite is to starve it.
      What the wounded beast does next is defined by its nature but I can’t help but feel there is a containment plan. It’s been a long game and all the bases are surely covered, so to speak.

  7. What the name of the Iranian currency. Since the CSA dollar is legalize counterfeiting to begin with you have to use something that has real worth. CSA money isn’t worth the paper is printed on or the coin of realm is stamp on. The party is over and it’s time for the World to waking up. It also works for India and Iran to have a reliable and big wolf to cover their backs.