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Friday, 04/08/2005 2:29:37 AM

Friday, April 08, 2005 2:29:37 AM

Post# of 173789
THE PETRO-DOLLAR & PROTECTION RACKET
http://www.financialsense.com/fsu/editorials/willie/2005/0406.html

Excerpt:
"Behind the scenes is anger by Russia for the construction of numerous small bases for the US Military in former Soviet Republics like Uzbekistan and Kazakstan. Their erection might have helped to drain world cement supplies last year. We seem in Putin’s eyes to be encircling Russia, who might retaliate by knocking the Petro-Dollar system off its foundation pillars. The new Shanghai Cooperative Group represents a potential supply network which will have member nations of China, India, Russia, former Soviet Republics, and Iran as its core. New nations are being actively courted, such as Venezuela and Brazil. Energy (crude oil & natural gas), industrial metals, and more are to be bought and sold by this new network, outside OPEC and its gaggle of disunity and diverse puppet strings held by Washington DC. In my view the “COOP” is likely to have been organized to be a direct assault on the Petro-Dollar, if not a consciously designed network to blockade the USA from the supply chain. The COOP is a direct answer to the corrupted OPEC cartel, which seems overly influenced by US leaders. The Saudi oil minister sounds as though he has been trained in FedSpeak, when he talks of hiking oil output from already strained capacity (if it exists). It is highly likely that the COOP creates the framework to undermine the dollar-based supply system that is the PetroDollar. My guess is the euro will be the COOP’s transactional currency."



Rogue

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