NEWS AND VIEWS FROM THE NEFARIUM MAY 17 2018
May 17, 2018 / /
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Europe isn't happy about President Trump pulling out of the Iran deal, and according to RT, they're planning to do something about it. It's that "something" that has Joseph crawling out to the end of the twig (as usual) for some "high octane speculation":
Europe to ditch US dollar in payments for Iranian oil – source
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What happens when the inevitable regime change happens in Iran, and the resulting regime will only sell their oil in Fed Reserve Dollars?
After the Obama administration rolled out sanctions aimed at Russia following the 2014 Ukraine crisis, the EU went along with those sanctions. Now when Trump pulls out of the Iranian nuclear deal and imposes sanctions against Iran, European politicians are reacting in great anger. Were the Europeans simply bowing down to the Deep State that supported Obama out of fear, or out of affection? Conversely, why do they appear to be so defiant towards, and raise their fists against the Deep Sate that supports Trump?
The most vehement ‘official’ reaction to Trump’s move appears to have been made by Jean-Claude Juncker, the lofty, president of the European Commission, who suggested that the EU should “replace” the US in the global arena. Is that a declaration of war? Will they take a vote on going to war with Trump at their next meeting?
Used to take Corbett w/a grain of salt.
Now the salt become considerably tougher to swallow.
Even his former employer, Boiling Frog, can’t stomach him.
Still, I check his site, especially New World Next Week.
Is a far, far, away distant vacuum being developed, where a newly realized Genoese financial power in the form of 1407 Casa di San Giorgio will emerge and intergalactic capital markets will populate the galaxies with numerous Genoese Space Fair Stations? [Bet you’ll be handsomely cheated].
In other words, nothing new. Same old playbook being technologically updated; just with more killer aps.
Two impetuses for this move by the Europeans: The weaponization of sanctions and Nordstream 2.
Trump (his handlers) has tried to use self-declared sanctions as a way to force other ‘allied’ nations to back US objectives – whether or not they agreed. Iranian oil is “one sanction too far,” especially with Saudi Arabia pushing to up oil prices. This has generated a ‘push-back’ from the European business side, echoing up into the rule-making corridors. (Throw-in threats to sanction Russian oil – to Europe – and it gets worse.)
Nordstream 2 (natural gas pipeline) has been under pressure from the US side, to hurt Russia. The problem is that this would double energy costs to Germany. The most glaring ‘gotcha’ is that the replacement gas would come from the US in LNG ships, benefiting US businesses while hurting the German economy and population.
Together, these aspects are forcing the Europeans (probably led by the Germans) to consider breaking-away from a US reserve currency. Should get interesting…
Perhaps it would clarify things to say that the shorthand term “Europe” currently means “Germany and its sidekick [for the moment] France”. Both of which, together with Italy, do of course have a well-developed space industry.
And of course Germany is the “controlling shareholder” in the euro.
Yes, Dana, the old Holy Roman Empire of Charlemagne resurrected