Jackass' Red Glare Upon The Petrodollar


For your holiday listening pleasure, Jim Willie returns for a comprehensive discussion of the petrodollar and how current events around the Arabian Peninsula are a sign of great distress for this monetary scheme.

Again, what is the "petrodollar". The idea was championed by Henry Kissinger in 1973 as a way to create ongoing demand for US dollars by maintaining the pricing of crude oil in dollars only. The effects of this were two-fold:

  1. To create constant demand for dollars...dollars which were now completely unhinged from any gold backing...and this demand would soak up any excess supply of new currency being printed in the US for military and social purposes.
  2. To force oil-exporting nations to keep their foreign currency reserves in dollars, thus creating an ongoing demand for US treasury bonds. This constant demand for bonds would help to keep interest rates...and thus the US debt service cost...unnaturally low.

As a result, any threat to this system, whether it has come from Iran, Iraq or Libya has been squashed either politically or militarily over the past 40+ years. The current flare-up of tensions between Saudi Arabia and Qatar must be viewed through this prism and that is the primary topic of this 47-minute discussion.

To that end, please be sure to review these links while you're listening:

I hope that you find this helpful and informative. Thanks for listening.



Jul 3, 2017 - 9:08am


Get some!

Jul 3, 2017 - 9:17am


Thanks Craig!

Jul 3, 2017 - 9:18am



Jul 3, 2017 - 9:19am

Today's action

Quite obviously, what we feared back on Friday is playing out today.....a bounce in the POSX spikes the USDJPY through 113 CDG gets smashed down through the 200 day AND the 2017 trendline.

Definitely NOT a welcome development and, with the new quarter beginning and the BLSBS looming for Friday, it sets up a rather critical week.

Jul 3, 2017 - 9:24am

Pre-holiday massacre...

Deliberately manipulated USD/JPY...Stop sales triggered...Everything done on absolutely no news.....

I feel like climbing K2 for real now.

Jul 3, 2017 - 9:25am


Smartest guy in the room!

Prof. Mark Blyth PhD - Great lecture about Economies, Trumpism, Regimes, Germans, Americans
Mr. Fix
Jul 3, 2017 - 9:28am

1st... Happy Independence Day.

What are the odds I'd get to say that twice in one weekend?

If you live in the United States, and participate in its systemic slavery matrix, your independence is just an illusion.

Without constant production for your slave masters, your life expectancy is surprisingly short.

And even if you pay the man a massive percentage of what you earn, he'll always come back for more.

I encourage my fellow residents of Turdville to unplug from the system, in every way possible.

This system could not be maintained, if it was simply ignored.

Politics is just a diversion, it sucks you in, and makes you think it's important. It's not. They are only professional thieves.

Our banking institutions serve only one purpose, to steal your money. Don't keep yours there.

Participate in your local black market, wherever, and whenever possible.

If you think it's your moral obligation to participate in a Satanic empire of lies, and pay your "fair share",

It is you who is helping to finance the evil that runs our planet.

Get your head on straight, and find your freedom.

And don't be afraid to express your gratitude to Craig for maintaining this bastion of liberty, where the free and open exchange of ideas and information is still available. Turdville is solid gold.

Enjoy your friends, and enjoy your family this holiday, while you discuss, and contemplate the true meaning of independence, liberty, and freedom.

Be the change you want to see you in this world,

It starts with you.

Jul 3, 2017 - 9:53am

FWIW I bought silver today

Traded $60,000 fiat shit dollars for a limited finite supply of the physical cold shiny metal. My unborn Grandkids are going to think grandpa was a fucking genius, someday.

Jul 3, 2017 - 9:54am

Gold and silver monkey hammer

Gold and silver getting monkey hammered this morning. Just backed up the truck and feeling pretty damn good about it. FYI..used bitcoin to purchase it. First time I've ever bought anything with it. It was an interesting transaction. I like the idea of bypassing the banks.

Jul 3, 2017 - 10:03am



death to the debt digits!

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