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Hidden financial system
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.   ~~~  Arthur Schopenhauer
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The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi | Hidden financial system | Scoop.it

 

To summarize: Western economic sanctions on Russia have pushed domestic oil producers to settle crude exports to China in yuan just as Russian oil is rising as a percentage of total Chinese crude imports.

 

Meanwhile, the collapse in crude prices led to the first net outflow of petrodollars from financial markets in 18 years, and if Goldman's projections prove correct, the net supply of petrodollars could fall by nearly $900 billion over the next three years. All of this comes as China is making a concerted push to settle loans from its newly-created infrastructure funds in renminbi.

 

Putting it all together, the PetroYuan represents the intersection of a dying petrodollar and an ascendant renminbi.

 

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The Real Cause Of Low Oil Prices: Interview With Arthur Berman

The Real Cause Of Low Oil Prices: Interview With Arthur Berman | Hidden financial system | Scoop.it

 

In a third exclusive interview with James Stafford of Oilprice.com, energy expert Arthur Berman explores:

 

• How the oil price situation came about and what was really behind OPEC’s decision
• What the future really holds in store for U.S. shale
• Why the U.S. oil exports debate is nonsensical for many reasons
• What lessons can be learnt from the U.S. shale boom
• Why technology doesn’t have as much of an influence on oil prices as you might think
• How the global energy mix is likely to change but not in the way many might have hoped

 

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Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives

Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives | Hidden financial system | Scoop.it

 

Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market?  The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either.  If the price of oil stays at this level or goes down even more, someone out there is going to have to absorb some absolutely massive losses.

 

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The Growing Rift With Saudi Arabia Threatens To Severely Damage The Petrodollar

The Growing Rift With Saudi Arabia Threatens To Severely Damage The Petrodollar | Hidden financial system | Scoop.it

 

The number one American export is U.S. dollars.  It is paper currency that is backed up by absolutely nothing, but the rest of the world has been using it to trade with one another and so there is tremendous global demand for our dollars.

 

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Oil Collapse: “This Could Cause The Most Destructive Economic Situation Since the Great Depression”

Oil Collapse: “This Could Cause The Most Destructive Economic Situation Since the Great Depression” | Hidden financial system | Scoop.it

 

…and this time there will be nothing left to catch the falling knife before it hits the American economy right in the heart. Not the FED nor the U.S. government can stop what’s coming.


Liquidity will freeze up, our credit will be downgraded, the stock market will start to collapse, and then we can expect the FED to come in and hyper-inflate the dollar.


This will cause the world to finish abandoning the world reserve currency in the last rungs of trade. This will be the end of the petrodollar.


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Saudi Arabia joining BRICS? Abandoning the Petrodollar? Starting Gold-backed Sovereign Wealth Fund?

Saudi Arabia joining BRICS?  Abandoning the Petrodollar? Starting Gold-backed Sovereign Wealth Fund? | Hidden financial system | Scoop.it
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Big Pharma Gets 77,500% Return On Lobbying Investment

Big Pharma Gets 77,500% Return On Lobbying Investment | Hidden financial system | Scoop.it

As one example, an average American can expect a ROI of 11 percent for investing in one Blue Chip stock in the Dow Jones Industrial Average in 2010.

 

Meanwhile, Big Pharma has a ROI of 75,500 percent for the lobbying dollars it spends to bar the government from bargaining for cheaper drug prices through Medicare.

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