It appears the administration is desperately attempting to undo the self-inflicted damage caused by its attempt to use the SWIFT system as an economic weapon…which backfired horribly as Iran began selling its oil for gold to nations such as India.
The US Monday exempted 7 nations from Iran oil sanctions (translation: please go back to using dollars for Iranian oil rather than gold!!)
Notice that while India, South Korea, South Africa, Turkey, and Taiwan (US allies) are now exempt from the sanctions, China noticeably is not.
This will be as successful as attempting to un-shoot yourself in the foot.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
If Gold could rap it would be sayin’….So come on and chickity-check yo self before you wreck yo self, Chickity-Check yo self before you wreck yo self! Yeah, come on and check yo self before you wreck yo self…Cause shotgun bullets are bad for your health
As they say, all you have to do is stand up to a bully.
The U.S. system is but a ‘paper power’. It relies on its fiat paper dollars for power, and when anyone stops using it, they use force to try to stop that from happening.
Now, the situation is even more desperate–they are begging countries to come back to using U.S. dollars for transactions in oil. Iran should just stop all oil sales in dollars, and price their oil in oz of gold and silver for the world market. It only takes a few other oil-producing countries in the world to follow suit, and the dollar is done with.
The people of the U.S. happen to live within the U.S. system, but they must come out of it.
Too late. The damage has been done. Why would anyone go back to the dollar after a gold deal has been done..
Isn’t the big secret that China is the largest lobbyist in Washington, D.C. So why would they want to dump the dollar for SWIFT oil exchanges? The U.S. is their major importer of cheap goods plus is keeping precious metal prices low so China can continue to buy by the metric ton. This seems to be a win-win for China.
Dummies. Plain and simple.
US is bending down. Soon praying for mercy
You can’t central plan the global economy, and I like it that way.
Looks like things are hotting up…lol
China Tells U.S. What It Can Do With Its Iran Oil Import Sanctions
While the US magnanimously decided to exempt several nations from U.S. sanctions
on Iranian oil imports, it appears the Chinese government has indicated
it has no plans to change its position on oil purchases from Iran. As
Voice
of America reports, China’s FinMin spokesman Liu Weimin said the purchases
are necessary, because of its economic development, describing their ‘purchase
channels’ as ‘completely legal’ and ‘normal, open, and transparent’. China is
the world’s largest buyer of Iranian oil and is the last remaining major
importer exposed to possible penalties when the U.S. sanctions are imposed,
likely later this month. When asked if China and the United States are still in
discussion about the sanctions, the spokesman would only say that Beijing has clearly informed
Washington of its position. China’s purchases of oil from Iran
declined earlier this year, but analysts say the cutback was the result of a
price dispute. Purchases went back up in April and have
continued. Raise to you Hillary. (Source ZH)
And…………………………………………………….
Russia prepares army for Syrian deployment
By Clara Weiss
12 June 2012
Given the worsening crisis in Syria, the Nezavisimaya Gazeta newspaper reported that the Russian army is apparently being prepared for a mission in Syria. Citing anonymous sources in the military leadership, the newspaper said that Russian President Vladimir Putin ordered the general staff to work out a plan for military operations outside Russia, including in Syria.
The units being prepared for an intervention are the 76th Division of airborne forces (an especially experienced unit of the Russian army), the 15th Army Division, as well as special forces from a brigade of the Black Sea fleet, which has a base in the Syrian port of Tartus.
The details of the operational plan are being prepared by the working parties of the Collective Security Treaty Organisation, to which most of the post-Soviet states belong, as well as the Shanghai Cooperation Organization, to which China and Russia belong.
According to the newspaper report, deployment depends on the decision of the Russian government and the UN. However, the plans also foresee that the troops might intervene without UN approval. The Russian government has so far not confirmed the report.
On Monday last week, three Russian warships were sighted off the Syrian coast. An anonymous source from the Russian government told the Iranian newspaper Tehran Times that Moscow wants to show NATO that it will not allow any military operation against Damascus under the guise of a humanitarian mission.
Earlier, the secretary-general of the Collective Security Treaty Organization, Nikolai Bordjusha, had held out the possibility of using “peacekeepers” in Syria. “The task in Syria is likely to be to impose peace—primarily against the insurgents, who use weapons to solve political problems.”
Russia and China strongly oppose a military intervention by NATO in Syria, and have already blocked two UN resolutions on the issue. The US and its allies, especially Turkey, Saudi Arabia and France, have stoked up a civil war in Syria and are systematically arming the so-called rebels, who consist mainly of Islamists, ex-members of the government, or Al Qaeda terrorists. Turkey is increasingly in the leadership of the US proxy war in Syria.
In recent weeks calls for a military intervention in Syria have increased. After the massacre in Houla, French President Francois Hollande spoke out in favour of military intervention. The West blamed the government of Bashar al-Assad for this massacre without any clear evidence. The German elite is also openly discussing a possible military intervention; Berlin has tried unsuccessfully to push Russia to make concessions on the issue.
Russia has not excluded a “political solution”, i.e., the slow transition from the Assad regime to another government. At all costs, however, the Kremlin wants to avoid the violent overthrow of Assad by the West for several reasons, whether it is through direct military intervention by NATO or is brought about by the rebels armed by the West. Two weeks ago, Russian Prime Minister Dmitry Medvedev warned that a military intervention in Syria could quickly escalate and lead to the use of nuclear weapons.
Since Soviet times, Moscow and Syria have maintained close ties, especially in military and economic matters. More importantly, however, a war against Syria means a ramping up of US aggression in the Middle East. The US has already significantly extended its influence in the region through the wars against Afghanistan and Iraq. They also have military bases in almost every country in the area: Pakistan, Kuwait, Bahrain, Qatar, Turkey, Uzbekistan, Kyrgyzstan, Saudi Arabia, Oman and Turkmenistan, as well as some in other smaller states. Meanwhile, Syria and Iran, which are virtually surrounded by US military bases, have become the last bastions of Russia and China in the Middle East against the encroachment of the United States.
A regime change in Damascus would probably bring a Sunni government to power, which would work closely with Saudi Arabia and the United States against Russia and China. Moreover, an escalation of the civil war in Syria—which is already well underway—and a military intervention would set the entire Middle East ablaze. A NATO-led war against Syria would be an immediate prelude to a war against Iran. An attack on Iran would mean another step toward a military escalation of tensions between Washington and Beijing.
While China obtains a significant portion of its raw material imports from Iran, Tehran is Russia’s most important ally in the Caucasus and the Caspian Sea to counter the influence of the US and Israel. Both Moscow and Tehran oppose the construction of a trans-Caspian pipeline by the West. They also reject the massive military rearmament of Azerbaijan, which is promoted by the United States, Israel and Turkey. The Caspian region is of key geopolitical importance because it links resource-rich Central Asia with Europe, and because it also has extensive oil and gas reserves.
The growing threat of war in the Middle East—and the fact that the European countries, including Germany and France, are siding with the United States—is increasingly driving Russia into a military alliance with China.
It is significant that Vladimir Putin’s first foreign visit since taking office was to Belarus, and that he then only spent a few hours in Berlin and Paris before going on to Central Asia. The highlight of his visit abroad was in China, where he met with the Chinese president, and then took part at the summit of the Shanghai Cooperation Organization (SCO) on June 6 and 7. In addition to Russia and China, the Central Asian states of Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan also belong to this organization; Iran, Afghanistan, Pakistan and India have “observer” status.
As was the case at the previous meeting of the Collective Security Treaty Organization, discussion at the SCO summit centred on military and economic cooperation. The summit adopted a declaration on the “establishment of a region of lasting peace and common prosperity”. Military intervention against Syria or Iran was explicitly rejected.
The declaration also condemns the establishment of the NATO missile defence system in Europe, which is directed primarily against Russia and has led to severe tensions between Washington and both Europe and Moscow. In future, the Shanghai Cooperation Organization is planning to cooperate militarily more closely on issues of “regional security”.
During his two-day visit to Beijing, Putin had previously agreed with Chinese President Hu Jintao to jointly strengthen “security in the Asia-Pacific region”. Both countries intend to hold frequent joint military exercises in the Pacific, after holding joint naval exercises in the Yellow Sea in the spring. The United States is increasingly focussing its military build-up in the Asian Pacific region in preparation for a military confrontation with China.
SWIFT is another way of making money for the Elite and now it’s crashing. Paper Money or Gold and Silver, let me think. Mmmmmmm. Lol
If you guys have not seen this, you need to watch it…
http://www.therightscoop.com/peter-schiff-returns-to-washington-and-literally-speaks-truth-to-power/
necessity is the mother of invention
I’m still waiting for the dude to show up outside my LCS and offer me a gold eagle for $20. I’d be pretty SWIFT in my acceptance of that offer! (And Iran is stupid if they start taking dollars vs gold)
The incredibly amateurishness of Obama is showing itself in the willingness of China and Russia to pay down the law and show the sword to us. The US military is getting really tired of BHO. There are even rumors that if he tries another war in the ME, such as Syria, he will be removed. Don’t count this idiot out in his desperation to get reelected by flexing his presidential muscle to prove he is ‘tough’ That sort of saber rattling starts wars. China might not be itching for a fight but Putin’s Russia was humiliated after Russia broke up due to the pressure applied by Reagan. Putin is a wily, strong and very shart political operative who will weight carefully the collateral damage to Russia, his standing and the US if he has to stand firm with his political ally Assad and his client state Syria. There are large lines being drawn in the sand and we either don’t see them or chose to cross them. That will not go well in the end.
Great link Bull Lion if you notice the lobbyist are reading their notes but Mr. Shift spoke on his knowledge,(I really like this guy), that’s the difference between them and him. Eveb the Politicians have no clue. A Must View Video. Learn, Learn, Learn
What a friggin joke… You you and you can do what you want… You 3 over there do what we make ya do… What BS…
with every collapse of a fiat money system comes war …. I guess we’re going to war
Great posts guys.
SWIFT is just a secure payment system that the U.S. controls. Until now the world was content with one system. But, by using SWIFT as a weapon, other countries now feel the need to create an alternate system to come online shortly. Another nail in the coffin of the dollar.
Iran should say “Oh how nice of you, but we’ve been thinking – we’re just gonna stick to Gold. Thanks anyway”
Do as the USA SAYS!! not as we do…….Cant WAIT for November!
Why are we not trading in gold? Worth more than dollars anyway.
Just be thankfull they don’t want to trade in oil for silver! Less for the rest of us!
Did y’all know this about DEBKAfile?
DEBKAfile a Joint Israeli Mossad/CIA Disinformation News Disseminator
Will be interesting to see how this foolishness plays out. America’s hegemony and imperialism need to end, but it’s too bad I have to live in this crappy country while decades of holographic wealth drop out from under us.
silvermeddler;
This is WAY better than the full blown war I was expecting over the gold payments. I guess the dollar no longer being the world’s reserve currency in regards to this matter is no big deal after all.
DAMN STRAIGHT 427!!!
It’s not the country… The problem is the corrupt banksters, politicians, and “officials”…. And if someone doesn’t like something then they should make a change… So if someone doesn’t like this country, DON’T LET THE DOOR HIT YOU IN THE ASS!!!
Ha Danno;
So true 427… There just the bottom feeders… Trying to grab some crumbs… F em…
Maples UK Your points are well taken Iraq and Afghanistan have ground our troops down badly and in two wars that did not need fighting considering what we got back from all damage we sustained. Iran is no pushover. They have a large military, a land space twice that of Texas, 68 million population and a GDP of nearly 900 billion. That would be formidble foe. We do seem to be making enemies regularly and for no good reason. After $2-3 trillion spend on war making, while bankrupting our country, we need to be learing some lessons from the British and Russian and even the Romans. Empire building is costly and eventually ends badly for the empire builder. We need to mind out own business and focus more on what is happen here at home. There are fires burning.
might be a SWIFT kick in the elites ass coming soon!
Because everyone know that sanctions don’t work unless there are exceptions…..