Operation ‘Easter Egg’: 200 Arab Billionaires Conspire to “Kill” the Dollar

Secret talks between 200 Arab billionaires in Abu Dhabi, UAE took place during Easter weekend in April 2010 to discuss the death of the petrodollar and the realignment of military protection of Middle East oil fields, according to a source close to Jim Willie of the Hat Trick Letter.

In an exclusive interview with TruNews on Apr. 24 (full audio interview), investigative reporter and newsletter writer Jim Willie told host Rick Wiles that the oil-rich nations of the Middle East plan for an eventual ditching of the U.S. dollar as payment for oil exports from the region. Sign-up for my 100% FREE Alerts

“In Easter weekend of 2010, there was a meeting of 200 billionaires who arrived in private jets in Abu Dhabi,” Willie said.  “And I heard about it from a very good reliable source.  And they decided on a lot of things, like policy toward Iran and how they’re going to handle things like Bahrain, and what they’re going to do regarding protection, and they made a decision.  They’re going to accept Chinese protection, and they’re going to accept the potential for an arms-weapon store from Russia, and they’re going to say good-bye to the American protection.”

While the U.S. pressures the international community to sanction Iran, China fears the move would cut its imports of Iranian oil, which in 2010 reached 12 percent of total Chinese imports of crude.  Saudi Arabia, on the other hand, reportedly fears that its oil revenue is in danger as the world moves increasingly off the dollar standard—a problem that Beijing’s strong renminbi currency offers as a solution to Saudi Arabia’s depleting cash-cow commodity.

Reminiscent of a deal struck between Russia and China in November 2010 to replace the dollar with renminbi and rubles to settle trade between the two countries, a meeting between China’s Premiere Wen Jiabao and members of the Saudi royal family was held a little more than a year later to discuss a back-up plan to the Iranian quagmire.

According to a Jan. 16, 2012, article in China Daily, “In what Riyadh calls ‘the largest expansion by any oil company in the world’, Sinopec’s deal on Saturday with Saudi oil giant Aramco will allow a major oil refinery to become operational in the Red Sea port of Yanbu by 2014.

“The $8.5 billion joint venture, which covers an area of about 5.2 million square meters, is already under construction. It will process 400,000 barrels of heavy crude oil per day. Aramco will hold a 62.5 percent stake in the plant while Sinopec will own the remaining 37.5 percent.

“The move reflected the two countries’ ‘firm willingness to join hands in coping with challenges and safeguard common interests amid profound adjustments to global situations’, Wen told Saudi Crown Prince Nayef bin Abdul-Aziz upon arrival in Riyadh late on Saturday.”

In January 2012, Iran shocked the world with a retaliation against a U.S.-led freeze of Iranian S.W.I.F.T transactions with an announcement that the third-largest Middle East oil producer will no longer accept U.S. dollars as payment for Iranian oil and that it would, instead, accept gold in addition to other currencies from China and India, among other nations, as settlement.

Mar. 29, 2012, New Delhi-based The Indian Express reported that a trade deal had been reached and signed between the leaders of the BRICS countries of Brazil, Russia, India, China and S. Africa—with Russia and China as the two lynchpin members of the extended agreement with India (nuclear weapons capabilities), Brazil and S. Africa.  The agreement includes dropping the dollar as settlement of trade between the five-nation compact.

The article stated, “The five-nation grouping of Brazil, Russia, India, China and South Africa (BRICS) today took the first step towards promoting trade in local currency, and also agreed to work towards creating a new development bank on the lines of the World Bank.”

Willie’s source told him the next step in the process to protect the BRICS, Iran and the oil cartel of the Arab nations is to strike the fatal blow to U.S. dollar hegemony with the “dollar kill switch.”

Russia’s overt intentions to protect Syria and Iran from U.S. aggression signals the tacit willingness of the BRICS to merge with Middle East members of OPEC, with Russia and China lending its military muscle to the expanded group of nation states.

But the kingpin of OPEC, Saudi Arabia, has one condition before it can take the final step: China must convince Iran to cooperate with the United States regarding Iran’s nuclear ambitions.

According to a cable leaked by WikiLeaks, published by the NY Times, a meeting in Riyadh between Foreign Minister Yang Jiechi of China and King Abdullah was held on Jan. 13, 2009, in which it was revealed that “Saudi Arabia understood China was concerned about having access to energy supplies, which could be cut off by Iran.”

“ . . . A later cable noted simply, ‘Saudi Arabia has told the Chinese that it is willing to effectively trade a guaranteed oil supply in return for Chinese pressure on Iran not to develop nuclear weapons,’”  the Times stated.

On April 26, 2012, Associated Press broke the story that suddenly Iran might be cooperating with the U.S.-led international pressure on the Persian state.  But Iran’s apparent decision to acquiesce to U.S. demands came following a meeting between Iran with Russia.

“TEHRAN, Iran — Iran’s official news agency says Iran might ratify the additional protocol of the nuclear Non-Proliferation Treaty (NPT),” stated AP.

“The IRNA report Thursday quoted Iran’s ambassador to Moscow, Reza Sajjadi. He said it could be part of a Russian framework under which Iran would stop expansion of its nuclear program if the West halts further sanctions,” the news wire agency added.

While the 200 Arab billionaires’ plan to execute a “dollar kill switch” may be a “year or two” away, according to Willie’s source, the foundations for an alternative to the U.S. dollar are clearly in place and solidifying rapidly.

Willie told his source that a “dollar kill switch” sounds like an end to the petro-dollar and “the Saudis have agreed to move on.”  Willie told TruNews’ that his source responded, “Bingo!” Sign-up for my 100% FREE Alerts

Top Russian General: Russia Defends World from Fascism

In a roundtable discussion aired by Russia Today, former member of the Russian Joint Chiefs of Staff Colonel-General Leonid Ivashov asserted that Russia must take over the roll from America of defending the world from Fascism—with the focus of that threat projected by . . . well . . . America.  Sign-up for my 100% FREE Alerts

Eerily reminiscent of a statement made by the head of the U.S. Consulate in Nazi Germany (1938), George S. Messersmith (1883-1960), America is today accused by foreign leaders of the very same political and military atrocities associated with Adolf Hitler and the Nazi Party in Germany more than 70 years ago.

In 1938, Messersmith stated:

The National Socialist regime in Germany is really based on a program of ruthless force, which program has for its aim, first, the enslavement of the German population to a National Socialist social and political program, and then to use the force of these 67 million people for the extension of German political and economic sovereignty over South-Eastern Europe — thus putting it into a position to dominate Europe completely.

With the signing of the NDAA on New Years Day by the U.S. Commander and Chief on top of a multi-year-long barrage of off-the-wall Homeland Security creeping roll out initiatives, politically offensive and oppressive Congressional legislation, bizarre presidential executive orders, FBI warnings of Constitutionalists turned Terrorists, invasions of nations under false pretenses, and now the threat of attack of more Middle east countries, it’s no wonder that a Russian general would come to the conclusion that America just might be that evil threat to the entire world.

Below, the transcript of Russian Colonel-General Leonid Ivashov (retired) on RT provided by MEMRI TV translation, uploaded on YouTube.com.

Q: Dr. Leonid, do you think that these preparations and very large maneuvers, which will soon be conducted by Russia, are meant as preparation for war, or rather, a military strike against Iran?

A: These maneuvers and training will demonstrate Russia’s readiness to use military power to defend its national interests, and to bolster its political position.   The maneuvers will show that Russia does not want any military operations to be waged against Iran or Syria.

I assume that the people in the West and in Israel who design the schemes for a large geopolitical operation in the greater Middle East region draw a direct connection between the situation in Syria and in Iran.

Indeed, these two countries are allies, and both are considered guaranteed partners of Russia.  The only question therefore, is who they will try to destroy first a stable country: Syria or Iran.

A strike against Syria or Iran is an indirect strike against Russia and its interests.  Russia would lose important positions and allies in the Arab world.  Therefore, by defending Syria, Russia is defending its own interests.

In addition, Russia is thus defending the entire world from Fascism.  Everyone should acknowledge that Fascism is making strides on the planet.  What they did in Libya is nearly identical to what Hitler and his armies did against Poland and then Russia.  Today, therefore, Russia is defending the entire world from Fascism.

Several new media outlets on the Web suggested that the big news from the RT interview with the retired Russian general was his thoughts on what the Russian intentions would be in the Middle East if the U.S. or Israel attacked Iran or Syria.  The real news here is the public admission that Russia, maybe even a good part of the world, looks at America as the next Third Reich.

Apparently, a retired Russian general has no problem connecting the dots from actions taken by Washington through the years.  But, it appears that 49 percent of Americans cannot seem to connect the dots like an outsider, looking in, can.

According to a The Hill poll, 49 percent of Americans thinks it’s a good idea to attack Iran if the U.S. comes to an impasse with Iran regarding its nuclear energy program.

Would The Hill conduct the same poll, but this time replace Iran with North Korea?  Pakistan?  Both have plenty of nuclear weapons—right now.

Here’s what Winston Churchill said in Parliament in 1938, calling out Prime Minister Chamberlain’s policy of appeasing Hitler:

Many people, no doubt, honestly believe that they are only giving away the interests of Czechoslovakia, whereas I fear we shall find that we have deeply compromised, and perhaps fatally endangered, the safety and even the independence of Great Britain and France…. I foresee and foretell that the policy of submission will carry with it restrictions upon the freedom of speech and debate in Parliament, on public platforms, and discussions in the Press. Emphasis added.

Replace Winston Churchill with Ron Paul, and it’s ‘deja vu all over again.’  In fact, in this case, history doesn’t rhythm, as Mark Twain famously said, history has been outright plagiarized by a group of unimaginative hooligans.

Isn’t that what Vladimir Putin called Washington: a bunch of hooligans?

Vladimir Putin Thinks We’re Hooligans, economist Paul Krugman penned as a title in his blog entry of April 20, 2011.  He goes on to spew more economics voodoo and mythology as a retort to Putin’s comment regarding Fed profligacy.  But Krugman, known for his sophomoric political rhetoric, ends his post in a typical Krugmanism:

What’s really weird, of course, is the large number of U.S. analysts who are taking the side of China and Russia in this business. Why do they hate America?

It may have not occurred to Krugman that there were German citizens who actually hated the Nazi Party in the 1930s.  If he was living in Germany at that time, maybe he could answer his reckless question of today.  Isn’t Krugman aware of the weapon of U.S. dollar hegemony?  Didn’t France’s Charles de Gaulle warn of the potential abuse of a reserve currency held by a single nation?

Though, acting like a fool (or operative in return for Nobel Prize), Krugman’s liberties and childlike behavior must be protected as well.  And there is a man looking out for Krugman, whether the shameless economist likes it, or not.

That man, of course, is Ron Paul, who stunningly trails Mitt Romney in the Republican primaries with a message and warning of the exact same threats confronting Americans, today.

Russia, too, must wonder what’s happened to the American people, but cannot wait for the post-hibernation, begrudgingly taken on the role of resistance to the Fascist threat to the world once championed by America.

It is us today. It will be you tomorrow.

—Haile Selassie I, after the end of the Second Italo-Abyssinian War and the subsequent rise to power of Bunito Mussolini  Sign-up for my 100% FREE Alerts

Cuban Missile Crisis, the Sequel; $3,000 Gold Possible

In what appears as swift retaliation by Iran against U.S.-led economic sanctions imposed on the Persian Gulf state, suddenly Iran says it will no longer accept the U.S. dollar as payment for its oil shipments to India, Japan and China.

In addition, bilateral trade between Iran and Russia will break from the dollar for settlement in favor of Iranian rial and Russian rubles, according to Iran’s state-run Fars news agency.  Sign-up for my 100% FREE Alerts

But unlike a similarly bold move taken on Oct. 30, 2000, (effective Nov. 6) by Saddam Hussein to rid Iraq of the U.S. dollar as payment for Iraqi oil, Iran asserts the new arrangement to drop the dollar was Russia’s idea.

“The proposal to switch to the ruble and the rial was raised by Russian President Dmitry Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization,” according to Bloomberg.

So, is the U.S. about to embark on another Iraq, or is the situation with Iran more akin to an October 1962 Cuban Missile Crisis with Cuba’s big brother, Russia?

Amazingly, or not (media ignored the euro-for-Iraqi-oil story, too), since the bombshell Iranian announcement, only a handful of news outlets of the West covered the dollar-dumping announcement of this vital story.  Of course, though, zerohedge.com (and PrisonPlanet.com’s posting of the zerohedge post) was one of these handful, providing adequate sourcing and commentary of the breaking news about Iran/Russia from China-based ChinaDaily.com.cn.

Most of the usual suspects of traditional media, however, have drawn attention to the threat of a closing of the Strait of Hormuz, instead—an important issue, no doubt, but its no longer news at this point in the crisis and certainly doesn’t compete with the latest development regarding the trashing of the Greenback from a member of OPEC on the same day Russia lays anchor in Syria to the north of Israel.

According to China Daily, “Russian warships patrolling the eastern Mediterranean Sea have docked at Russia’s naval supply facility in the Syrian port of Tartus, the private Addounia TV reported Saturday.

“Governor of Tartus Imad Naddaf received the ships’ leaders and expressed appreciation to Russia’s support for Syria, the report said.

“Russia’s state-owned Itar-Tass news agency quoted a source from the Russian Navy as saying that ‘It is planned that the port of Tartus will be visited by a big anti-submarine ship of the Northern Fleet Admiral Chabanenko and an escort ship Yaroslav Mudry.

So, it appears that the Iranians are a lot more prepared to deal with the U.S. than its neighbor to the West was, Iraq.

And for those familiar with the most likely reason for the attack on Iraq may also be familiar with William R. Clark, author of Petrodollar Warfare: Oil, Iraq and the Future of the Dollar.  Of course, ‘weapons of mass destruction’ was merely a sophomoric ruse in the call to war with Iraq.  So what was the reason?

In his book, Clark makes a case for a world that will most probably include a future riddled with war in the Middle East, as the U.S. takes preemptive measures to secure—not only oil—but more importantly, to assure a continuation of dollar hegemony in global trade as a means of preventing a Greenback collapse as a medium of exchange and value.

As a preface to his book, Clark posited an essay in January 2003, titled, Revisited — The Real Reasons for the Upcoming War With Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken TruthIn the essay, Clark cites an anonymous source who told him the NY Fed (through the Treasury ESF) ultimately dictates foreign policy via the U.S. dollar, and that any threat to the artificial support of the dollar must illicit an immediate response at the NSA level.

After reading Clark’s essay, anonymous, or not, the source appears to be a very, very good one.

According to anonymous:

The Federal Reserve’s greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 82 cents), and has actually made off like a bandit considering the dollar’s steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)

The real reason the Bush administration wants a puppet government in Iraq — or more importantly, the reason why the corporate-military-industrial network conglomerate wants a puppet government in Iraq — is so that it will revert back to a dollar standard and stay that way. (While also hoping to veto any wider OPEC momentum towards the euro, especially from Iran — the 2nd largest OPEC producer who is actively discussing a switch to euros for its oil exports).

Saddam sealed his fate when he decided to switch to the euro in late 2000 (and later converted his $10 billion reserve fund at the U.N. to euros) — at that point, another manufactured Gulf War become inevitable under Bush II. Only the most extreme circumstances could possibly stop that now and I strongly doubt anything can — short of Saddam getting replaced with a pliant regime.

Big Picture Perspective: Everything else aside from the reserve currency and the Saudi/Iran oil issues (i.e. domestic political issues and international criticism) is peripheral and of marginal consequence to this administration. Further, the dollar-euro threat is powerful enough that they will rather risk much of the economic backlash in the short-term to stave off the long-term dollar crash of an OPEC transaction standard change from dollars to euros. All of this fits into the broader Great Game that encompasses Russia, India, China.  [Emphasis added]

As we know, following Iraq’s decision to dump the dollar in favor of the Euro, 14 months later U.S. President George W. Bush delivered his ‘Axis of Evil’ speech on the first State of the Union address of his presidency on Jan. 23, 2002.  Iraq, Iran and N. Korean are the nations of that axis, according to Bush.

With Iraq as the first casualty of the Great Game, that leaves Iran and N. Korea left as targets and responses from Russia and China.

Calls for $3,000 gold are everywhere.  With central banks printing money at astonishing rates without formally announcing anything about it; tensions in the Persian Gulf rivaling the Cuban Missile Crisis; and an election year that sports the most threatening presidential candidate (Congressman Ron Paul of Texas) to the ‘establishment’ since John Kennedy (or maybe as far back as Theodore Roosevelt 1900-08), it appears early on that surviving 2012 without a major event is a very long shot, indeed.  Sign-up for my 100% FREE Alerts

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