[If you have been following this story for a number a years, the obvious demise of the petro dollar has been written in black and white on the wall for all to see. In November 2014 Zero Hedge wrote: How The Petrodollar Quietly Died, And Nobody Noticed and again in 2015 The Death Of The Petrodollar Was Finally Noticed. Keep in mind that the Iraq war was fought not because of WDMs, but because Iraq wanted to trade in the Euro and not the petro dollar. The Arab Spring in Libya was a result of the fact that Gaddafi wanted to start the African gold dinar to replace the petro dollar. Russia and China now trade directly in their our currencies not using the petro dollar and Russia trades gas with Europe in Euros, Rubles or Gold. This is the driving force behind all the wars in the Middle East, Ukraine and the fascist coups we have seen in Brazil and Argentina. In conjunction with the demise and the petro dollar the US has conceived the TPP and the TTIP in order to maintain its corporate fascist “exceptional”nation status and world domination. This in turn will lead to more wars against countries that do not capitulate to it. The BRICS countries are major targets]
from James Corbett:
Bloomberg is trumpeting “The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret,” but anyone who is scratching their heads at this non-revelation might well wonder ‘Why Bloomberg?’ and ‘Why now?’ Join James in today’s Thought For The Day as he examines the latest volleys in the ongoing covert war between the Saudis and the US and the bigger picture of the battle for the global monetary system.