The "Petrodollar" War WR15-222

Friends,

(Comment, your Watchman spent 14 months in Iraq as an counter-terrorism intelligence analyst and is retired from the U.S. Army)  

As I was talking to God this morning the following thoughts came to my mind about the U.S. dollar as the global reserve currency.

Above, Saddam Hussein is hanged

1. Iraq 

It is now obvious to some of us that the invasion of Iraq had less to do with any threat from Saddam’s WMD program and certainly less to do to do with fighting the global war on terrorism (GWOT) than it had to do with gaining control over Iraq’s hydrocarbon reserves and in doing so maintaining the U.S. dollar as the monopoly currency for the critical international oil market. Statements by former administration insiders reveal that the Bush/Cheney administration entered into office with the intention of toppling Saddam Hussein. Indeed, the neoconservative strategy of installing a pro-U.S. government in Baghdad along with multiple U.S. military bases was partly designed to thwart further momentum within OPEC towards a "petroeuro." 

Candidly stated, "Operation Iraqi Freedom" was a war designed to install a pro-U.S. puppet in Iraq, establish multiple U.S military bases before the onset of “Peak Oil”, and to re-convert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency. In 2003 the global community witnessed a combination of petrodollar warfare and oil depletion warfare. The majority of the world’s governments, especially the E.U., Russia and China, were not amused.

The Financial Times, in an article dated June 5th, 2003, confirmed that Iraqi oil sales were returning to the international markets and again would be denominated in US dollars, not Euros. Not surprisingly, this detail was never mentioned in the US "lame stream media" that censors such information from the U.S. public. Confirmation of this vital fact provides insight into one of the crucial, yet overlooked, rationales for 2003 the Iraq war.

Now, jump to today, and Iraq remains a de-stabilized nation. By the way, in the midst of the invasion large amounts of Iraq's gold were stolen and surprise, the stolen Gold and thieves were never found.

Above, Ghadafi meets and greets Obama.

2. Libya

How did the Gadhafi regime go from “a model repentant” nation that renounced terrorism and WMDs and an “important U.S. and European ally” to a target for regime change in a period of just a few years? In fact, claims that Gadhafi committed “genocide”, the justification for NATO intervention in Libya were disputed by intelligence experts.

Let’s look at Libyan oil and natural gas. Libya was Africa‘s largest oil and natural gas producer. But a reason in particular for Gadhafi’s fall from grace was global banking and the global monetary system.

Gadhafi’s planned to quit selling Libyan oil and natural gas in U.S. dollars and demand payment instead in gold-backed “dinars” (a single African currency made from gold). The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.

By the way, since the U.S. and NATO regime change in Libya, Libya's Gold reserves have disappeared and surprise, surprise the thieves and the stolen Gold were never found. Below, note the BRICS data to the far left of the graph.

3. BRICS (Brazil, Russia, India, China and South Africa) by now it should be no secret that Russia and China have teamed together to create a full replacement for the Western financial system. They have seen the economic and military weapons unleashed by the United States and NATO and are determined not be subject to such attacks. Fifteen years ago, the Russians were talking about replacing the global financial system and unseating the dollar. About the same time, the Chinese army (PLA) published a paper entitled "Unrestricted Warfare". The paper made the case for Chinese financial warfare. Subsequently, six years ago, the Russians tested a cyber-attack against Fannie Mae and Freddie Mac. Shortly after that, Vladimir Putin set in motion a scheme to have the BRICS nations create a full alternative system that would no longer depend on the United States or the U.S. dollar. The Russian process is in full swing now, hastened by the Ukrainian crisis and U.S. and European sanctions against Russia.

Friends, we have entered a “new cold war” between the NATO powers and the BRICS-affiliated resistance bloc. The main thrust of this war according to globalist think tanks and the "lame stream media" mouthpieces will not generally be fought with armies on battlefields but will be fought “asymmetrically” with covert financial operations, corporations, pipelines and contracts. If economic warfare is the new normal for the 21st century, then Russia and China have just revealed one of their key weapons in this fight. It is neither a missile, a tank, a stealth fighter nor an electromagnetic weapon. No, it is overt and covert financial special operations.

You will recall French President Nicolas Sarkozy went so far as to call Gadhafi a “threat” to the financial security of the world. The “global Insiders” were apparently panicking over Gadhafi’s plan and now we have the BRICS threat.

Above, the members of NATO

4. The U.S. and NATO

The pattern seems clear to me. If a sovereign, independent nation challenges the primacy of the global U.S. dollar financial system (the world reserve currency) then economic and or military war ensues. Hence, the U.S. and NATO covertly intervened in Ukraine and overthrew the legitimately elected government to pressure Putin and BRICS. By the way, Ukraine's Gold reserves have been stolen by unknown culprits and surprise, surprise the Gold and thieves have not been uncovered.

Now NATO and the U.S. are training eastern European armies Poland, Latvia, Estonia, Lithuania, Romania and Bulgaria to put pressure on Putin and the BRICS coalition. This is a direct violation of the promise President Reagan made to Gorbachev. Gorbachev agreed to tear down the Warsaw bloc and in return Reagan promised not to expand NATO into Eastern Europe.   

Finally, I would speculate that some of the financial and stock market problems in China are related to covert attacks on China’s economic system and stock market by the U.S. and Europe. Stay tuned because the financial and economic war is escalating.