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History_of_Petrodollar.png
Impact_of_Petrodollar.png
Ollie-Vargas-Image-of-countries-Sanctions-Ukraine-WEF-Energy-1536x732.jpg
Economic WWIII Thread
Ebin
75ad8e4
?
No.340575
340585 340633
As I'm sure everyone is aware of the happening involving a certain two countries. What people may not be as aware of is the full-on economic WWIII that is being waged between the West and Russia, with battle lines being drawn across the world.
Consider first and foremost, that the countries that have passed sanctions against Russia is NATO countries, EU countries (even then, some are hesitant due to their dependence on Russian oil and gas, more on that later), and the G7 Countries (US, CAN, UK, FR, IT, DE, JP) as well as South Korea, Australia, New Zealand and a smattering of Pacific island nations.
But what of the rest of the world?

Know this, the economic WWIII that is being waged goes far beyond Ukraine. What is at stake is nothing less than the future of the US Dollar itself. But for that, we need background.

The Petrodollar: In the 1970s, President Nixon took the US Dollar off the gold standard, effectively rendering it a fiat currency that can be just printed at will. A myriad of reasons went into this decision, but around the same time, the US made a deal with the Saudi royal family: The US would guarantee protection for Saudi Arabia, if the Saudis traded oil for exclusively dollars. This marked the beginning of the US Dollar as the world's reserve currency as Saudi Arabia was the #1 producer and exporter of oil worldwide. This in turn meant other countries needed to buy up dollars in bulk to purchase Saudi oil, thus creating a massive demand for US dollars as the rest of the Middle Eastern OPEC countries adopted the dollar for oil trades. Therefore, the dominance of the US Dollar was cemented throughout the world especially since EVERYONE needs oil in order to even function, much less have proper militaries.

This has several effects on the Dollar. Due to the sheer global demand for the dollar, this makes the US dollar have massive purchasing power which in turn means we can just simply run massive spending bills and export the inflation to other countries. If the Dollar fell in value, exporters who need our consumption would witness their currencies grow stronger, which in turn means higher prices for their exports, which creates lower demand as the US would have to pay more for those exports, which in turn means less imports from those exporters, which ultimately hurts them. So they intentionally devalue their currencies in order to keep the system going. In short, the Petrodollar is good for the US... not so good for everyone else.
This is why the US government passes spending bills that are now in the trillions and has racked up over $30T in debt with impunity, because they've never needed to worry about spending limits, they can just print more money as needed and export the inflation to the rest of the world.

However, this all hinges on the rest of the world wanting our dollars. What happens if other countries try to trade oil for other currencies? Enter Saddam Hussein. In the early 2000s, he tried to trade Iraqi oil for Euros. He was overthrown, and Iraq went back on the Dollar with no discussion of going off the Dollar since then. Gaddaffi tried to trade Libyan oil for a gold-back Dinar as part of the push towards integration within the African Union. He was overthrown and brutally killed by a mob after a NATO-led intervention against him with airstrikes and a color revolution.
These are all backwater countries that have no hope of standing up to the US military obviously. What happens if Russia or China go off the Dollar? So what do we do if say, the BRICS countries dump the Dollar? Make no mistake, dumping the dollar globally means the inflation we've been exporting overseas will start coming back home. The "official" 8% inflation figure in the US is just a small taste of what's to come...

-

Back to the economic WWIII at hand. The trigger was when the Western world passed sweeping sanctions against Russia including seizing half of Russia's foreign exchange reserves (amounted to $300B out of $640B). But what are foreign exchange reserves?
>Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.
>Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them actually leaving the vault of that central bank. From time to time they may be physically moved to the home or another country.
Know this: the seizure of Russia's fx reserves has sent waves throughout the financial world as other countries that aren't highlighted in yellow in the third picture have started to question the wisdom of holding US dollars when their reserves can be seized by the West in an instant if they should fail to toe the Western party line. Some have even cut out the dollar altogether in trades with Russia. Enter India.

Not long after the Ruble crashed and the price of Russian oil collapsed well below the Brent crude asking price, there were reports that India made a deal to buy oil from Russia at a hefty 25% discount. Most significantly, the payment was to be made in Rupees, not Dollars.
India has a vested interest in continuing friendly relations with Russia for two main reasons: Russia supplies the majority of weapons for India via sales, and India wishes to have a friendly Russia as a counterweight to China. Russia in turn wishes to turn India against the West and also have India available in order to prevent utter dependence on China, while also selling Russian oil to both countries. Realpolitik in action.

(cont.)
161 replies and 74 files omitted.
Anonymous
19bc843
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No.345981
345982
But yeah, the idea that checks are being exchanged without addess, and that somehow this will never be traced back to (you) is woefully naïve, and needing of citation if expected to be believed
Anonymous
3af61dc
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No.345982
23e.jpg
>>345981
>normies
The most despicable and dangerous beings walking in this realm.
Anonymous
606da54
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No.345983
345984 345987
cope.jpg
>>345969
>posts bait with a random insult
Literally his next reply...
>>345971
>(You) draw unsupportable inferences alot, dont you?
Anon reminds us that he's a narcissistic woman at heart by immediately contradicting himself and feigns superiority to save face when called out.
>>345972
>Most of generational Texas has been planning and stockpiling for the NEXT civil war ever since the LAST one.
Cope.
Anonymous
c23dcc8
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No.345984
>>345983
I suspect it is indeed a cunt.
I wonder how much zog is paying her.
Anonymous
19bc843
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No.345987
345988
>>345983
Oh, I can support all of my inferences, somehow without making outlandish presuppositions.
>cope
The last gasp of a dying argument, thanks for playing
Anonymous
43fd45b
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No.345988
346002
>>345987
>I can support all of my inferences
Then do it, nigger.
Anonymous
606da54
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No.346002
346003
>>345988
Heil Hitler dubs checked.
He did, but it quickly got yeeted. Apparently he mistook me for someone else. Either gay off site drama or someone is trying to dox us in some private circlejerk. Cool, good to know the people behind the scenes at /mlpol/ are totally trustworthy and not treacherous at all.
Anonymous
19bc843
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No.346003
346004 346005
>>346002
>it got yeeted
No, I decided I had crossed an acceptable line and deleted the post voluntarily.
Staff is not trustworthy, but not for a censorious nature; rather a negligent one.
Anonymous
606da54
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No.346004
346010
>>346003
So, do you often get upset and air out other anons private information publicly to try and own them? Maybe you'll have another fit, disclose more information on your apparent acquaintances, and leave it up longer next time for anyone to see. Deeply concerning coming from former staff, regardless of whether or not you deleted it. Very homosexual.
>Staff is not trustworthy
You came awfully close to publicly doxing two anons on a whim before deciding to delete it. Why would anyone outside of your off site hug box trust you at all, Ninjas? Oh, well... I guess you would know, huh?
I should've capped it. Other anons deserve to know that you'll squawk about their personal lives for all to see when you get butthurt. Unforgivable.
Anonymous
b2b4455
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No.346005
9ebd.png
>>346003
>I decided I had crossed an acceptable line and deleted the post voluntarily.
>still "feeling" this is normie net.
Wut?
>Staff is not trustworthy
KYS.
Anonymous
19bc843
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No.346010
Going in reverse order:
346005
>kys
I suppose I should, what with this latest.
>>346004
>doxxed
No, I just made a couple pithy statements about why I made references to banks and lawyers. Even with that admission AND the previous post, no one could have been doxed. Having said, I dont approve of the tone I took, and I acknowledge that I have erred.
>off site hug box
I have one of these? That would be neat, ngl. Maybe I will.
>unforgivable
Thats a slippery slope that wont pan out, if we're being honest. Also, a convenient position, all considered. I mean if what I've done is unforgivable,....
Anonymous
a05c8f3
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No.346028
346030 347022
Americans say that the reason the elites want to kill off the 99% is to save the environment, but maybe the globalists are just evil, insane, and greedy.
Anonymous
7b29075
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No.346030
>>346028
>Americans say
>environment
Allow me to correct the record. The TV's talking heads say that.
Regular Americans couldn't care less, at less they went into academia's indoctrination centers.
>greedy globalists
The Rockefellers and European peers already own everything and their motives are not greed, but power. Look it this way, greed is not their motive because they don't need money at all, they just print money and billions of slaves will do anything for their fictitious paper. From that perspective, humanity is not more than an animal species meant to serve them.
Anonymous
fbd462a
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No.346044
ukraina.jpeg
>Ukraine Has LOST, And So Have We
https://market-ticker.org/akcs-www?post=246101
A loud rant on the misery coming our way. For real.
F
Anonymous
0726ff3
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No.346235
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ru gas.png
>Russia reduces gas flow to Europe amid sanctions
>Russia's Gazprom has reduced gas deliveries via the Nord Stream pipeline after Siemens failed to to deliver repaired gas-pumping units to the compressor back to the energy giant due to sanctions imposed by Canada - as the result, European gas prices are soaring into the double digits now.
https://odysee.com/@RT:fd/Flow_Problem_1506:e
Mirror:
https://www.bitchute.com/video/64Fhjev7B5zR/
Anonymous
2299a8a
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No.346236
ru 407.png

Anonymous
3af61dc
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No.346246
The-Four-Main-Factors-that-Influence-U.S.-Gas-Prices_v5-1.jpg
The Four Main Factors that Influence U.S. Gas Prices.
Anonymous
3af61dc
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No.346249
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Anonymous
fd0fbbc
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No.346288
346307 346310
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Anonymous
842ff87
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No.346307
346309
>>346288
>not turning bodies to fertilizer and using it for farming
Anonymous
d1944e1
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No.346309
346310 346311
>>346307
Do both, anon. There are choice cuts of human, the rest of which can grow crops.
I mean, imagine the marbling on some of these fatties
Anonymous
8bb1ea8
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No.346310
346313
>>346309
>>346288
Lots of options for soap making.
Anonymous
5e51e42
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No.346311
>>346309
The soy-fed ones are pretty skinny though. Might need to cage them and fatten them up a bit before they can be useful for anything.
Anonymous
19bc843
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No.346313
>>346310
Oh, there'll be PLENTY of leftover fat, even AFTER confit
Anonymous
842ff87
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No.346332
>>346325
Hey buddy if you're not that bot again can you say nigger three minus one times
Anonymous
3af61dc
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No.346341
FVRby0bWYAE1mHG.jpeg

Anonymous
3af61dc
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No.346492
f.jpeg
>Global Planned Financial Tsunami has Just Begun
>Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.
>The extent of the “cheap credit” bubble that the Fed, the ECB and Bank of Japan have engineered with buying up of bonds and maintaining unprecedented near-zero or even negative interest rates for now 14 years, is beyond imagination. Financial media cover it over with daily nonsense reporting , while the world economy is being readied, not for so-called “stagflation” or recession. What is coming now in the coming months, barring a dramatic policy reversal, is the worst economic depression in history to date. Thank you, globalization and Davos.
https://journal-neo.org/2022/06/21/global-planned-financial-tsunami-has-just-begun/
Anonymous
842ff87
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No.346590
346592
>>346565
Bot
Anonymous
607b770
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No.346592
>>346590
I just reported them.
Anonymous
607b770
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No.346810
9-PM.png
camp-of-the-saints-cover.jpeg

Anonymous
fd0fbbc
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No.346873
347018
530.jpeg
>The Endspiel.
>The Islamic Republic of Iran has officially submitted its application to join the group of five emerging economies made up of Brazil, Russia, India, China, and South Africa, the foreign ministry in Tehran announced on Monday. The move comes after the Iranian president addressed the BRICS summit last week. While BRICS is not a treaty bloc, it has a “very creative mechanism with broad aspects,” Iranian Foreign Ministry spokesman Saeed Khatibzadeh said on Monday, according to the Tasnim news agency. He added that Tehran has already had “a series of consultations” with BRICS about the application. Iran’s membership would “add value” for everyone involved, said Khatibzadeh, noting that BRICS members account for up to 30% of the world’s GDP and 40% of the global population.
>The isolation of the West continues
https://smoothiex12.blogspot.com/2022/06/the-endspiel.html
Anonymous
eb2a7ac
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No.346919
uk.jpeg
>UK Economy Getting Crushed A Price "Worth Paying" For Freedom In Ukraine: Johnson
>"In the UK, the price level for goods other than energy and food has risen by 8 per cent over the past two years," FT writes of soaring prices at a moment of the West's no holds barred push to 'punish' Russia over the Ukraine invasion. Inflation in the county has hit a new 40-year high of 9.1% as of last week,.
>To nobody's shock or surprise, and in a message that echoes previous statements from Biden, British Prime Minister Boris Johnson has said while attending the G7 summit in Germany it's a price "worth paying".
https://www.zerohedge.com/economics/uk-economy-getting-crushed-price-worth-paying-freedom-ukraine-johnson
https://twitter.com/bobmackin/status/1541186424115843072
https://twitter.com/The_Real_Fly/status/1541216869247492098
Anonymous
607b770
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No.346928
13030.png
>Coach Redpill
>2022.06.28 Russian Default Hurts The West—Not Russia
https://www.youtube.com/watch?v=RrTjdW_3U1M
Anonymous
607b770
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No.346961
346968
d84efc53-a6a2-4f54-9dcf-170ceb4c718f-large.jpg
>BRICS Announces New World Reserve Currency As America Commits Economic Suicide - (4:00 long)
>While America is falling, BRICS and the St. Petersburg International Economic Forum announce plans to lead the world into Globalism
https://banned.video/watch?id=62bc73a1d6a5a751cb88d12a
Mirror:
https://www.bitchute.com/video/JuON3gMnqbqi/
Anonymous
842ff87
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No.346968
>>346961
God damn it couldn't those faggots find a country that starts with E so their group name could be SCRIBE?
Anonymous
43fd45b
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No.346971
346972 346994
>30+ countries put sanctions on Russia
>Price of oil goes up
>The result is that Russia has already made more money in oil revenue than they expected to make for this whole year
What's their endgame in all this? What was the point of these sanctions?
Anonymous
76e6cee
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No.346972
346976 346994 347020
>>346971
To further sabotage Western economies, thus enabling oligarchs to buy up literally everything. You will own nothing and you will be gay.
Anonymous
607b770
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No.346976
346994
this.jpg
>>346972
Anonymous
f52bef8
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No.346977
70902ed29e9b9cfadf0f4def23733aa3.jpeg
>Consequences of anti-Russian sanctions in Europe are starting to bite - (4:05 long)
>While European politicians continue to impose sanctions on Russian energy, some western companies are scrambling to avoid the possibility of a shutdown.
https://odysee.com/@RT:fd/eu-gas-crisis:f
Mirror:
https://www.bitchute.com/video/Nzx8oESfRBre/
Anonymous
b8d9585
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No.346994
346995 347016 347020
>>346971
The Jews have a Blind Hatred of Russia.
>>346972
>>346976
Go back to Faceberg. WEFtards
Anonymous
607b770
?
No.346995
347020
not impressed.gif
>>346994
>The Jews have a Blind Hatred of Russia.
That's what we are told. However the jews have a tight grip on Russia too, then the narrative doesn't add up.
>WEFtards
So, are you denying the overt WEF conspiracy?
Anonymous
50d0619
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No.346998
347021
7520.jpeg
>Putin: BRICS Is Establishing a New Global Reserve Currency
>Russian President Vladimir Putin has announced that the BRICS countries will be establishing a new global reserve currency to replace the United States’ dollar. If successful, this move has the potential to collapse the U.S. economy and society.
>The United States dollar, a fiat currency Ponzi scheme that has ruled the world for far too long, is on its last legs. While that’s a good thing, what’s coming next to replace will be nothing less than a permanent slave state controlled by a central bank digital currency (CBDC). And at the same time, Putin, speaking at the recent BRICS (Brazil, Russia, India, China, and South Africa) business forum, says that the new scheme will offer a reliable alternative for transacting internationally.
>This is the endgame. Whatever role the vaccines play, and do play some role or there would not be such a propagandized push to get them, all come together so that we may be ruled forever with no chance of ever escaping our enslavement.
>The Endgame: Central Bank Digital Currency
https://www.shtfplan.com/headline-news/putin-brics-is-establishing-a-new-global-reserve-currency
Anonymous
2a84442
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No.347016
1656123332831m.jpg
>>346994
Are you denying that the elites have used covid and the current economic state of the West to buy property out from normal people and further their influence? KYS, cuck.
Anonymous
e079f6e
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No.347018
1560640930967-0.jpg
>>346873
>five emerging economies made up of Brazil, Russia, India, China, and South Africa
>South Africa
To be fair, everything besides China and Russia on that list are geographical nice to have's, at best.
Anonymous
43fd45b
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No.347020
347033
>>346994
Jews hate all of us.
Jews control Russia too. Jews have always played both sides of every conflict.
>>346995
Also this.
>>346972
That's plausible. Maybe part of the great reset.
Still, that might be giving western political leaders a bit too much credit. I can't be certain how much is actual conspiracy and how much is just shortsighted incompetence.
I think some of the retards actually thought sanctions were a viable political tool, and used it as a crutch to tell their constituents they were doing something while not actually risking war. I think the end-game was to attempt to isolate Russia to reign-in a geopolitical competitor and supposedly get them to stop the war, but instead the sanctions were impotent and the world's economy is just getting shittier.
Anonymous
43fd45b
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No.347021
>>346998
I'm interested in how this will go.
Depends on whether or not they can get OPEC in on the deal, to dethrone the petrodollar. I'm not quite sure if the Saudis will break their ties with the United States currency-deals unless this thing turns out well.
It might have a chance if it's backed by precious metals.
Anonymous
43fd45b
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No.347022
>>346028
They don't want to kill off the population. They just want birthrates in developed countries (see: white people) to decline, so that they can justify perpetual flow of immigration to keep the economy growing, and thus have a stable underclass of browns who'll work for third-world wages.
Anonymous
dc5f1cf
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No.347033
347043
1638925258598.png
>>347020
>Still, that might be giving western political leaders a bit too much credit.
I have no way of knowing whether or not politicians deliberately set the stage for megalomaniacal elites to grab more power given recent happenings, but it's definitely convenient for the beneficiaries.
>I think some of the retards actually thought sanctions were a viable political tool, and used it as a crutch to tell their constituents they were doing something while not actually risking war.
I mean, I've always felt like it was insipid virtue signaling from the usual lever-pullers and talking heads. The US has the oil supply and infanstructure to easily nullify Russian energy embargoes, but they won't. You can guess as to why, but I have my own broad suspicions that it's a deliberate sabotage of Western economies. Fuck Russia, tho.
Anonymous
43fd45b
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No.347043
>>347033
>but it's definitely convenient for the beneficiaries.
Jews have the means to opportunistically benefit from virtually every geopolitical event. That's just the system we live under.
>insipid virtue signaling from the usual lever-pullers and talking heads.
Yeah, that's what I think. It seems as though politicians are pretty well aware by now that sanctions don't do shit, but they need to look like they're doing something .
>deliberate sabotage of Western economies.
Also plausible.
Anonymous
607b770
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No.347194
t2.png