Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, effectively pegging oil to gold and launching Petrogold.
Then, China’s President Xi visit with Saudi and GCC leaders marked the birth of the petroyuan and a leap in China’s growing encumbrance of OPEC+’s oil and gas reserves: that’s because with the China-GCC Summit, “China can now claim to have built a ‘special relationship’ not only with the ‘+’ sign in OPEC+ (Russia), but with Iran and all of OPEC+.”
At the time, Zoltan urged the reader to think of the timing of this statement in a diplomatic sense:
“President Xi communicated his message on “renminbi invoicing” not during the first day of his visit – when he met only the Saudi leadership – but during the second day of his visit – when he met the leadership of all the GCC countries – to signal the following:
GCC oil flowing East + renminbi invoicing = the dawn of the petroyuan.“
And now, according to Bloomberg, Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister.
“There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos.
“I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world,” Al-Jadaan said.
And echoing Poszar’s comments above, Al-Jadaan appeared to confirm The Kingdom’s goal seeking to strengthen its relationship with crucial trade partners, most notably China:
“We enjoy a very strategic relationship with China and we enjoy that same strategic relationship with other nations including the US and we want to develop that with Europe and other countries who are willing and able to work with us,” Al-Jadaan said.
Saudi Arabia is also working with multilateral institutions to provide support to Pakistan, Turkey and Egypt, as part of the kingdom’s largesse to nations it deems “vulnerable,” Al-Jadaan said.
“We are providing even oil and derivatives to support their energy needs,” Al Jadaan said.
“So there is a lot of efforts, but we wanted this to be conducted.”
Watch the full interview below:
It doesn’t sound like the Biden administration is high up in The Kingdom’s strategic planning; and given the comments from The Kingdom’s FinMin, Zoltan’s ominous warning appears ever closer to reality: “dusk for the petrodollar… and dawn for the petroyuan.“This post was originally published at Zero Hedge
George Soros Urged Use Of Eastern European Soldiers To “Reduce The Risk Of Body-Bags For NATO Countries” In ‘New World Order’ Article
As the war in Ukraine rages on, there is little doubt that the human cost has been enormous for Ukraine, including what is likely more than 100,000 soldiers who have died in combat operations.
However, there was one man who predicted much of what has come to pass in the battle in the east of Europe: George Soros.
The billionaire oligarch financier, often portrayed as a humanist, promoted a hard-nosed geopolitical strategy in his 1993 piece entitled “Toward a New World Order: The Future of NATO.”
In the piece, he outlines how Eastern Europeans could be used as the “manpower” in coming conflicts in an effort to reduce the number of deaths in Western countries, which Soros argues the West would not politically tolerate, unlike the east of Europe.
“The United States would not be called upon to act as the policeman of the world. When it acts, it would act in conjunction with others. Incidentally, the combination of manpower from Eastern Europe with the technical capabilities of NATO would greatly enhance the military potential of the Partnership because it would reduce the risk of body bags for NATO countries, which is the main constraint on their willingness to act. This is a viable alternative to the looming world disorder,” wrote Soros in the article.
Soros acknowledges that the NATO countries have no appetite for “body bags,” but his statement implicitly indicates that Eastern Europeans can fill this role.
What Soros described appears to be unfolding exactly as he predicted regarding the war in Ukraine. Armed with high-end NATO weapons, Ukrainian soldiers are actively countering Russia, which Soros had already feared would become a nationalist nation opposed to the global order he was promoting in 1993. The powerful Western countries have the necessary weapons, and Ukraine has the manpower. Given that Soros already saw the potential of what this symbiotic match could produce on the battlefield decades in advance will likely bolster his reputation as a calculating — and perhaps ruthless — strategic thinker.
As Soros predicted, Ukrainian society appears to be tolerating the high death toll in its current conflict with Russia.During the Vietnam War, the U.S. lost 58,220 over the course of approximately 10 years, and yet, the war saw strong opposition from the American public. Despite a far higher death toll in a far shorter period of time, Ukrainian society has seen little in terms of protests.
The lack of protest in Ukraine may also be helped by the fact that Ukraine has suspended most of civil society, banned opposition parties and media, and even outlawed the Russian Orthodox Church. Another key factor in society’s perspective on the conflict is that the war is taking place on Ukrainian soil, which is a highly motivating factor for Ukrainian soldiers.
All those Ukrainian bodies, of course, have come with a major price tag for Russia, with the country’s cemeteries also filling up as quickly or even more so. Exact figures on casualties for either side remain unofficial and are likely inexact, but the war is costing both nations dearly in terms of life.
In the same article, Soros called for a “new world order.” The term is often derided in establishment media as a conspiracy theory, but Soros openly uses it. In addition, in the piece, the new world order he calls for is remarkably globalist and centralized. In other words, exactly the type of new world order critics of his, such as Hungarian Prime Minister Viktor Orbán, have been warning about for over a decade.
“Therefore, the only basis for action is collective security. And that is where the problem lies. The collapse of the Soviet empire has created a collective security problem of the utmost gravity. Without a new world order, there will be disorder; that much is clear. But who will act as the world’s policeman? That is the question that needs to be answered,” Soros wrote.
Soros outlines a number of his theories in the piece, referring to open and closed societies as well as the “theory of revolutionary change,” which he said he had also applied to financial markets. The billionaire describes how the dissolution of the Soviet Union presented new global security challenges but also opportunities.
The original mission was to defend the free world against the Soviet empire. That mission is obsolete; but the collapse of the Soviet empire has left a security vacuum which has the potential of turning into a “black hole.” This presents a different kind of threat than the Soviet empire did. There is no direct threat from the region to the NATO countries; the danger is within the region, and it concerns conditions within states as much as relationships between states. Therefore, if NATO has any mission at all, it is to project its power and influence into the region, and the mission is best defined in terms of open and closed societies.
Closed societies based on nationalist principles constitute a threat to security because they need an enemy, either outside or within. But the threat is very different in character from the one NATO was constructed to confront, and a very different approach is required to combat this threat. It involves the building of democratic states and open societies and embedding them in a structure which precludes certain kinds of behavior.
Soros also writes in his piece that NATO was racing to grant membership to countries in Central and Eastern Europe before “Russia recovers.” Soros appears to see NATO as actively transgressing against Russia during a time the country was still in chaos following the fall of communism.
“The countries of Central Europe are clamoring for full membership of NATO as soon as possible, preferably before Russia recovers. Russia objects, not because it harbors any designs on its former empire but because it sees no advantage in consenting. Its national pride has been hurt and it is sick and tired of making concessions without corresponding benefits,” writes Soros.
The billionaire activist also makes a number of other proposals in the piece, including offering NATO membership to Japan, his goal being the creation of a “new world order.”
“Japan should be asked to join NATO. Then we would have the beginnings of an architecture for a new world order. It is based on the United States as the remaining superpower and on open society as the organizing principle. It consists of a series of alliances, the most important of which is NATO and, through NATO, the Partnership for Peace which girds the Northern Hemisphere,” he writes.This post was originally published at Remix News
The Seedy Side of Davos
If, like me, you assumed World Economic Forum meetings were full of altruistic, visionary leaders sourcing the most nutritious bugs for us to eat in our future (rented) EcoPods, you may be shocked at the Mail’s latest article, which claims that, at Davos, “pointing at the ceiling in a bar is all it takes to order sex”.
Here’s an excerpt:
Nearly 3,000 conference delegates were in town for the five-day jamboree, the first in the post-pandemic era, said to provide an £80 million boost to the local economy.
But there is another ‘economy’ in Davos (pop. just over 11,000) which also receives a considerable boost from the summit — a world that exists in parallel with the earnest discussions on the debating floor of the Congress Centre, and that is the so-called ‘oldest profession in the world’.
Prostitution is legal in Switzerland, with sex workers expected to pay taxes, register with local authorities and undergo regular health checks. And business is booming.
Earlier this week, high-class escort Salome Balthus, 36, revealed how she had been booked by a delegate. Speaking exclusively to MailOnline after leaving the plush hotel where she had been staying with her client, she said: “Davos is all about power, money and sex, and all three make good bedfellows”.
And there I was, dear reader, thinking it was all about saving our beautiful planet by owning nothing and being happy. I am literally shaking. But thankfully there is an educational aspect to all this, as Salome explains:
Salome, who has her own escort agency in Berlin, called Hetaera, added: “My clients are always of a very high standard and the fact I have a degree in philosophy and German literature guarantees that they will not only have a good time sexually but also intellectually.
I have a wonderful silver fox client, who likes me to wear a see-through blouse and talk French to him because it reminds him of a forbidden love he had as a schoolboy.”
So you see, there is really nothing seedy about it after all.
The claim about “pointing at the ceiling” is explained as follows:
One of the people who emerged from the scrum was a young American from a tech firm who had just attended a party in the penthouse above. “At the Europe”, he said, “you stand at the bar and point upstairs, whereas at the Belvedere you have to make a call.”
Making a call to Swiss Eve or Salome Balthus is normally how it works in Davos. “These agencies use many, many ways to get girls to Davos — cars, trains, and even helicopters”, he told us. “They are then put up in apartments by the escort agencies.
“Basically, they are all in place and positioned so that at the drop of a hat they can take a call, entertain a client for a couple of hours, then go straight back to the apartment and wait for the next call, then go out again.”
Let’s hope our glorious Davos leaders apply the same efficiency to planning our eco-friendly utopia.
Worth reading in full in you like this kind of thing.This post was originally published at The Daily Sceptic
Davos: Foreign Minister Of Slovenia Demands That Nations “Respect The Rules Of The World Order”
Foreign minister of Slovenija, Tanja Fajon, signals her submission to the globalist agenda with a declaration (or demand) that sovereign nations must “respect” the international rules of the “world order”.
Fajon is leader of the Social Democrats, part of the Party of European Socialists and a former member of the European Parliament from Slovenia.
Fajon was slated for a discussion on “global fragmentation”, which seems to be the underlying theme of the event in 2023.
Globalists have hinted in multiple panels about their frustrations with national governments breaking from key agendas of the WEF, including global pandemic response, the war in Ukraine and climate change.
In a tweet today, Fajon also called for greater inclusion of more corporate actors rather than just governments into WEF initiatives.
The tone of Davos has so far been decidedly morose, with many in attendance lamenting the outcomes of global pandemic measures and the lack of unification on climate change. What they do not mention, at least not directly, is that much of this is due to mass public resistance in many regions. It would seem that the establishment made assumptions about their progress in 2022 that did not come to fruition.This post was originally published at Zero Hedge
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