Saturday, July 2, 2022

“MYSTERIOUS INCIDENT” DAMAGES A NUCLEAR SITE IN IRAN

by Mac Slavo, SHTF Plan:

Things are going absolutely crazy all over this planet. Iran has now allegedly confirmed a “mysterious incident” has caused damages to one of its nuclear sites.

Pay attention with eyes open. Like many of these stories, this could be a false flag.  At this point, most of the world is looking for a reason to ignite World War III, and tensions with Iran have been exceptionally high since the killing of General Qassim Soleimani in January.

RED ALERT WARNING: W.H.O. COUP AGAINST U.S. SOVEREIGNTY IMMINENT!!

from SGT Report:

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Researcher and American patriot James Roguski joins me to explain how OUR SOVEREIGNTY IS ABOUT TO BE GIVEN AWAY to the World Health Organization!

In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars

from ZeroHedge:

Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and internationalizing the Yuan) when on Thursday Reuters reported that China took the first steps to paying for crude oil imports in its own currency instead of the US Dollars.

China Moves to Neuter King Dollar in International Trade

by Stefan Gleason, Money Metals:

Last Monday, the Shanghai International Energy Exchange launched the first futures contract for crude oil priced in Chinese yuan. It’s a major step forward in the process of international de-dollarization. Now Chinese and other international traders can buy and sell the world’s most important commodity in a liquid market without using U.S. dollars.

The “petro dollar” now faces the prospect of being rendered unnecessary as China – the world’s biggest oil importer – attempts to establish a “petro yuan.”

China is launching a pilot program to purchase oil from Russia and Angola (two of its top suppliers) using yuan. Russia and China share a common interest in trying to break the dollar’s dominance in global commodity trading.

THE ENERGY CLIFF APPROACHES: World Oil & Gas Discoveries Continue To Decline

by Steve St. Angelo, SRSRocco Report:

As the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017.  And to make matters worse, world oil investment has dropped 45% from its peak in 2014.  If the world oil industry doesn’t increase its capital expenditures significantly, we are going to hit the Energy Cliff much sooner than later.

According to Rystad Energy, total global conventional oil and gas discoveries fell to a low of 6.7 billion barrels of oil equivalent (Boe).  To arrive at a Boe, Rystad Energy converts natural gas to a barrel of oil equivalent.  In 2012, the world discovered 30 billion Boe of oil and gas versus the 6.7 billion Boe last year:

Prepare For Asset Price Declines Of 50-75{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}

by Steve St. Angelo, SRSRocco Report:
What we have is a totally propped-up market based upon debt. Energy isn’t producing positive growth, really. So instead of having real economic growth, we have inflated economic growth and inflated asset values.

When growth starts to decline, I think we’re going to see the valuations of assets decline considerably. It’s anyone’s guess how quickly they can fall, but according to what I have been looking at, I think we are going to see a 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decrease in real estate values right off the bat. I am not saying this will happen in a day, but the first wave will be a 30-50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decrease in real estate values when the markets really start to crack. They are already at the edge of the cliff — and I see prices falling down the cliff, struggling to recover, and then falling even further. Actually, I predict within the next 5-10 years, we can easily see a 75{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} or more reduction in real estate values.

The Absurd Myth That Solar & Wind Power Will Solve Our Energy Predicament

by Steve St. Angelo, SRSRocco Report:

As the U.S. and global oil industry continues to disintegrate under the weight increased debt and the Falling EROI – Energy Returned On Investment, analysts are still suggesting that solar and wind power are the solution to our energy problems. While there are many good reasons solar and wind can’t provide us with the necessary energy needs in the future, the most import one is that it takes the burning of a massive amount of coal, natural gas, and oil to manufacture renewable energy sources.

Thus, solar and wind power are nothing more than fossil fuel derivatives. However, if you are an individual that does not believe in the fossil fuel terminology, then we can substitute it by saying solar, and wind power are nothing more than coal-natgas-oil derivatives. Either way, you get the point.

Walking Into A Nuclear Nightmare

by Christopher Black, New Eastern Outlook:

The world faces the very real prospect of a nuclear war. That this can be said after a century of world and regional wars, most of them begun or instigated by the USA and its puppet states, and 75 years after the United Nations was created to ensure that world wars could never happen again, reveals the complete moral bankruptcy of the west.

For the threat of nuclear war comes from the west, not the east, a threat that was almost turned into reality right at the end of the Second World War when the USA and Britain considered a nuclear attack on the Soviet Union, to solve the problem for them of the defeat of Nazi Germany. They had hoped that Hitler would destroy socialism in the USSR and then reduce Russia and the other soviet republics to western colonies for exploitation of their resources, markets, and lands. Hitler and the German fascists failed, their forces were destroyed, and Germany and most of Europe was reduced to ruins.

The Fatal Flaw in Washington’s New Energy Strategy

by F. William Engdahl, New Eastern Outlook:
If the feeling of pity would be worth a damn one would be tempted to feel sorry for the hapless Poles. Now Poland’s leaders have again been seduced, this time by a dangerous Washington stratagem: to try to become the Natural Gas Hub of the EU displacing Germany and pushing Russia out.

The Poles seem to have a penchant to fall for self-destructive projects. That was the case in 1939 when the Polish Foreign Minister Józef Beck signed with Britain and later France the Polish-British Common Defense Pact believing that Britain would defend Poland’s sovereignty in the event of a Nazi invasion only to find itself divided as spoils of war by Hitler and Stalin while Britain and France stood by quietly smiling. They had another agenda from the Poles.

Enter The NatGas Cartel – Jim Willie

by Jim Willie, Gold Seek:
The King Dollar is mortally wounded. Many notice but the masses seem largely unaware. Since 1971, the Gold Standard has been removed from its anchor position. But since 1973, the Petro-Dollar has taken its place. It has called for crude oil sales led by the Saudis and OPEC to be transacted in USDollar terms, for oil surpluses to be stored in USTreasury Bonds, and for some kickbacks from the Saudis to the USMilitary complex for weapons purchases. Of course, the US is ready willing and able to create strife and to foment wars whereby the Arab oil monarchs will need more weapons. Since 2014, many events have pointed to the crippled condition of the important link between the USDollar and crude oil. The price has plunged by 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of more, and not recovered. It is currently lurching in the nether bounds near the $45 level. Anything less than $65 to $70 per barrel is very dangerous for keeping the oil sovereigns afloat and for keeping the US energy sector solvent. Witness the Wall Street banks having tremendous problems with impaired bonds and toxic energy portfolios. They seem not resolvable. They cannot keep the oil price over $50, a sign of their impotence.