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Putin calls for ending dollar use in oil sales and expanding it into all international payments

On Oct. 28, Russian President Vladimir Putin spoke at the Fuel and Energy Presidential Commission and re-emphasized his stance on the petro-dollar system, and the need to ensure its end for oil and other energy purchases.  This continuing admonition of dollar hegemony comes as Putin's administration has already submitted a bill to the Duma calling for an end of dollar based energy sales within CIS nations, ...

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Forget Syria, Iran and Saudi Arabia moving into Russian camp

One of the most poignant and important things about the ongoing Russian occupation in Syria is that President Assad invited Putin to send in troops and arms to fight Islamic terror groups, while the U.S. led ISIS and militant rebels are little more than rogue offenders seeking to illegally bring down a sovereign government.  And despite all the rhetoric being used against Russia by the Western media, suppor ...

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How long can Saudi Arabia still hold out with low oil prices?

Earlier this year, Saudi Arabia decided to put all their chips on the table for a gambit that they believed would crush foreign oil producers, and allow them to remain at the top of the global oil scheme despite their dwindling supply problems.  However, even with the U.S. fracking industry being decimated by declines in prices, the Saudi's have not been able to crack Russia's hold on production and distrib ...

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After the completion of TPP in the Pacific Rim, Brazil see talks with Russia to join the EEU

With the Trans-Pacific Partnership (TPP) finalized a week ago, and simply waiting approval from Congress and other member state legislatures, countries within Central and South America are now finding themselves on the outside looking in when it comes to localized trade and exports.  And while the country of Brazil is already a member of the BRICS coalition, the hemorrhaging economy is now seeking a way to ...

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Are Russia and the OPEC nations creating plans for the end of the Petro-dollar this week?

This week marks the annual MAKS air show that is held each year in Moscow and surrounding regions, and there is a very interesting lineup of attendees that are coming to this year's event.  Among them are several leaders from the Middle East and from OPEC nations, and it will bring together several parties that have the power to direct energy and military policies going forward for their countries. But what ...

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China’s devaluation just the start as countries rev up for next leg of currency war

The currency war in the global financial system has been going on at varying strengths since 2009, and in full gear since 2013 thanks to Japan and Abenomics.  However, with the world's most important industrial economy showing signs of a severe crash, or at the very least an acute slowdown, China's new devaluation policy is expected to ratchet up the currency wars to a whole new level. For years the Chinese ...

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Was yesterday’s capitulation to the EU a stalling effort by Tsipris?

In the span of just a week, the leader of Greece and the ruling Syriza party made two very opposite and polar decisions that has the world wondering what the real game being played in Greece is all about.  On Friday, Prime Minister Alexis Tsipris went to Russia and signed a pipeline agreement with President Putin at the St. Petersburg Economic Forum, signalling that the Southern European country was putting ...

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Monday is reckoning day for Greece and the Eurozone

As we head into tomorrow, a day of reckoning may be upon the world's financial system as both Greece and the Troika reach a deadline for coming up with a solution to the Greek debt problem.  And at stake could be much more than just the fate of the Greek people, with a triggering of a derivative death spiral that could make 2008 look like a small drop in the bucket. Bill Holter: Greek Default to Trigger 48- ...

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Continued sanctions against Russia estimated to cost the EU over $100 billion in export revenues

There is an old saying that outrage and activism only last until it begins to effect one's bottom line.  And with the European Union agreeing to extend U.S. led economic sanctions against Russia and the Crimea until January of next year, the question exists on how long Europe can sustain this political stance, especially as their businesses are expected to lose over $100 billion in export revenues because o ...

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On possibly last days in eurozone, Greece to sign pipeline agreement with Russia

The nation of Greece is in total turmoil, with an IMF payment default already under their belt, and massive riots proliferating the country, the last days for the Southern European country in the Eurozone could be close at hand.  Yet even with chaos reigning throughout the region, members of the Greek government are now in St. Petersburg finalizing an agreement that will bring a pipeline into their country, ...

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America’s global empire remains intact despite calls from locals to close base on Okinawa

America is no longer a beacon of freedom to the rest of the world, but an empire built along the same foundations of past civilizations where authority and rule flowed out from the center to nearly every inch of the globe.  And like Rome's once great dominion over Europe, the Near East, and even parts of Africa, to the British extending their hand over enough locations where literally the 'sun never set' wi ...

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Greece inches closer to joining BRICS coalition

With both sides still at an impasse, and a billion euro payment to the IMF coming up early in June, rumblings about Greece joining in with the BRICS coalition are starting to heat up, and with it is the fear that Spain, Italy, and even Portugal may choose to default on their own debt obligations to start anew outside the European Union (EU). According to the Greek publication, Enikos, Greece is preparing an ...

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