Khashoggi, Oil, Globalism and the PetroDollar

[Tom Kirkman + 8,860]

Some meaty reading to sink your teeth into.

Yes, I think all of these topics in the title to this thread are related.  As well as other items in my next comment below.  Please do read both articles in their entirety, otherwise any discussion in this thread may wind up being the sound of one hand clapping.

Excerpt from the first article:

This Major Cover Up Could Wreak Havoc On Global Oil Markets

The decision facing President Donald Trump is not an easy one, a problem not of his own choosing and one that the politically charged president would rather not have to deal with.

To sanction or not sanction Saudi Arabia over the alleged killing last month of prominent Saudi journalist Jamal Khashoggi (that often criticized in his Washington Post columns the royal family and Saudi Prince Mohammed bin Salman) will dictate U.S.-Saudi relations more than any other development since the 1973 Arab oil embargo that sought to punish Washington and its western allies over its support of Israel in the Yom-Kippur War.

The fallout and disapproval has taken on a life of its own in both diplomatic circles and among global media outlets after news initially broke that Jamal Khashoggi had been killed in the Saudi consultant in Istanbul in early October. Not that politically charged killings are anything new, unfortunately, but the problem in this instance was the inconsistencies in the Saudi narrative from the onset.

... The decision facing President Trump as more developments come forth over Khashoggi’s killing has no easy answer for neither him, the U.S., the Saudis or global oil markets.

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Excerpt from the 2nd article:

Three Events That Could Change The Face Of America

... The Murder Of Jamal Kashoggi

Few of us had ever heard of Saudi Arabian journalist Jamal Kashoggi a month ago, and most in the public still have no clue as to the implications of his death.  I’m not going to theorize much on the reasons why the Saudi government apparently trapped Kashoggi in their consulate in Istanbul, Turkey and then allegedly tortured him to death.  The mainstream theory is that this was punishment for the journalist’s escape from Saudi Arabia and subsequent criticisms of Prince Mohammad bin Salman, the rising dictator within the Saudi regime.

Why did Kashoggi willingly and stupidly enter a Saudi consulate, considered sovereign Saudi soil, when he knew he was a potential target for the government?  Why would Saudi agents murder the journalist in such an obvious way and in such an obvious place?  If he was such a threat, why not kill him away from a Saudi facility?  Why not make it look like a robbery or an accident?

It seems to me that normal procedures for assassination were not followed in the slightest when it came to Jamal Kashoggi.  And, as Turkish authorities released information on Saudi involvement, the normal attempts at cover-up by multiple governments were missing.  This story could have been muddled in a fog of disinformation leading away from Saudi Arabia, but it wasn’t.

The consequences are immense.  The end of diplomatic relations with Saudi Arabia could result on the part of Western nations.  There is even talk of Prince Salman being removed from power and his “Vision for 2030” economic plan going the way of the dodo.  I see this as highly unlikely, though.

While the mainstream misrepresents Salman’s economic plan as a means to make Saudi Arabia less dependent on oil, the Vision for 2030 was primarily about distancing Saudi Arabian oil from dependency on U.S. and Western markets.

The decoupling of the U.S. from Saudi Arabia has been in the making for years.  This is not something new, or something that would be decided by the killing of a single Saudi journalist.  From the passage of a bill by Congress to make the Saudi government liable for damages during the 9/11 attacks, to Saudi threats to dump $750 billion in U.S. assets (under the Obama Administration), to the Saudi atrocities in Yemen, to the rise of Mohammad bin Salman through extortion, there is no shortage of reasons why the U.S. and Saudi Arabia might end relations.

I am of course talking about mainstream narrative, here.  The deeper issue at hand is that globalists are seeking an end to the U.S. dollar as the world reserve currency and the petro-currency, and Saudi Arabia is a key catalyst to breaking the dollar’s back in a way that makes it appear as though global banks had nothing to do with the situation.

As I have been pointing out for quite some time, Mohammad bin Salman’s Vision for 2030 is not his vision; it is part of a larger globalist dynamic for a completely centralized world monetary system and economy.  Salman’s Vision cor 2030 is bankrolled through his Public Investment Fund (PIF) by well known globalist institutions like the Carlyle Group, Goldman Sachs, Blackstone and Blackrock.

Saudi separation from the U.S. has been ongoing, including far reaching oil trade deals with China and Russia , two countries seeking to remove the dollar in bilateral trade.  The moral question of trade relations with a tyranny like Saudi Arabia is not what I am questioning here.  I am simply pointing out the US dollar's dependency on petro-status, which is tied inexorably to Saudi oil.

The path has already been set.  The murder of Kashoggi and its exposure does not hurt globalist intentions, it actually HELPS them by creating a narrative in which the Saudi move away from the U.S. becomes a product of “random chaos” rather than part of a “vision” funded by globalists.  If Prince Salman is removed from the equation (an action I am doubtful will take place), the "Vision for 2030" will continue.

Even with Donald Trump’s apparent apprehension to break aggressively from the Saudis over the issue, Congress has already suggested they will move ahead with actions against the vital oil nation without the White House.

Is this to say that Kashoggi was killed in order to create a geopolitical linchpin to aid globalist schemes for de-dollerization?  No.  Kashoggi is not that important.  But this is certainly an event that the globalists and the media they control seem intent on exploiting, adding weight to a long running plan to divide the US from its key oil partner and thus ending the petro-dollar without any links back to them.

[Tom Kirkman + 8,860]

To help set the stage here, this discussion thread is actually a follow-up and an expansion on some of my comments from last week:

That scenario would certainly help explain some of the current political machinations and skullduggery in the region.  Once again, a disasterous Middle East mixing of competing hydrocarbon exports and competing religious sects.  

Next week is probably going to go to 11 on the global political pressure cooker stovetop, with all sorts of spicy ingredients set to come to a roiling boil:

● U.S. sanctions on Iranian oil bite hard

● U.S. midterm elections complete with caravan / invasion from Central America - violent showdown of some sort will likely be played out live on TV

● Knives are out for MbS in Saudi Arabia, with Turkey among others egging on action after Khashoggi murder

I pretty much expect markets to go bonkers next week, at least until after the U.S. midterm elections are over with, Central America caravan dealt with somehow, MbS stays or goes, and the markets figure out that (in my opinion anyway) Iranian oil will likely just shift to the black markets, but not be removed from global markets.

Stock up on popcorn...

 

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Marina, in my opinion, all of the items I listed above are related, and are deliberately being pushed to the boiling point around the same time. 

Next week should prove to be tumultuous no matter how things end up shaking out.  But that's just my own opinion  (obviously I have a minority viewpoint, but that's nothing new).

And I'm holding my breath about 11th November, expecting some fireworks.

I'll try to remember to check back on this thread after next week is done, around 13th November, to see how far off the mark my comment is here.

[Tom Kirkman + 8,860]

So, what is my point in all this?

From what I see going on in the big picture, this is an epic battle between the forces of Globalism + Socialism and the forces of Nationalism + Capitalism.

On the one hand, there is the concerted push for independent countries to eliminate or reduce borders, eliminate or reduce national currencies, and become 1 big globalist, grey, Borg family.

 

And resisting the globalist Borg Socialism intiative, is a handful of EU states and part of the U.S. (mostly the flyover states).

And the clash of ideologies seems ready to happen this month.

Oil prices will likely go bonkers this week and this month, and even more so if the Khashoggi incident is used as leverage to decouple the U.S. PetroDollar from global oil prices.  

● Russia is bypassing the SWIFT banking system.

● China is ramping up its PetroYuan.

● Iran seems ready to go to barter trading for selling its oil.

● Brexit is a question mark.

The list goes on and on, but I'll try to keep this fairly simple.. 

By the end of this year, I tend to think that this epic battle on the world stage between Globalism + Socialism  - vs. -  Stronger Borders + Capitalism will have a bit of resolution, with one side gaining ground and the other side losing ground.  

The first battle shocks should start happening this week, with U.S. sanctions on Iran ramping up, and the U.S. midterm elections - complete with the deliberately timed caravan / invasion from Central America to the Southern U.S. borders.  Also, Brexit in UK getting ready to be decided on.

If the forces of Globalism + Socialism gain the upper hand, I tend to think that the Khashoggi incident will get ramped up to cause more chaos.  And a subsequent renewed push away from the PetroDollar for oil.

If the forces of Nationalism + stronger borders / Capitalism gain the upper hand, I expect Brexit to move forward, and the PetroDollar strengthened to last longer to fight another day.

Oh, and @Marina Schwarz  I hope you started making popcorn.  It's going to be an eventful week.

 

 

[Marina Schwarz + 1,576]

All stocked up and ready to start poppin'.

[عزمي احمد 0]

I'm a keen reader of world geopolitics.

[Tom Kirkman + 8,860]

37 minutes ago, عزمي احمد said:

I'm a keen reader of world geopolitics.

Welcome.  Possibly another Malaysian lurker?  Hope you enjoy the geopolitical discussions here.

[Tom Kirkman + 8,860]

23 hours ago, Tom Kirkman said:

On the one hand, there is the concerted push for independent countries to eliminate or reduce borders, eliminate or reduce national currencies, and become 1 big globalist, grey, Borg family.

Exhibit A:

[John Foote + 1,135]

And now the waivers for buying Persian oil. I wonder if that's partly a bitch-slap to MBS. Fall into line or see how well your plans work. Start behaving or things won't work out so well.

I don't buy into some master plan globalism, people just don't cooperate that well, but mega money seeks out the easy way and has extensive direct, and indirect lobbying power. Countries with extraction based economies are generally an easy mark. The UN isn't really a party to a global government, just bunch of stooges on most things and are a strong argument against a global government. But for the odd thing, like going after polio, the UN does work. And it's better than the alternative of nothing, or guns.

Always, follow the money. And if they hide the money, probably not a place to trust because stated intent, and actual intent, often different.

[Tom Kirkman + 8,860]

On 11/5/2018 at 3:37 PM, Marina Schwarz said:

All stocked up and ready to start poppin'.

My update, 1 week later, in the original thread.