Mar 162023
 March 16, 2023  Posted by at 2:51 pm Finance Tagged with: , , , , , , , ,

Jacob Lawrence Struggle: From the History of the American People, Panel 8 1954

Andrew Korybko:

Eurasia’s geo-economic integration took a great leap forward as a result of the IranianSaudi rapprochement, which unlocks the Gulf Cooperation Council’s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of Iranian-transiting megaprojects in one fell swoop through this deal, with the North-South Transport Corridor (NSTC) connecting them to Russia while the China-Central Asia-West Asia Economic Corridor (CCAWAEC) will do the same vis-à-vis China.

The bloc’s de facto Saudi leader has been prioritizing a comprehensive economic reform policy known as “Vision 2030” that was introduced by Crown Prince and first-ever Prime Minister Mohammed Bin Salman (MBS) upon his rise to power in 2015. It regrettably stumbled as a result of the disastrous Yemeni War that he’s been waging since that same year, but everything is now back on track and more promising than ever after securing $50 billion worth of investments from China last December.

The People’s Republic regards Vision 2030 as complementary to its Belt & Road Initiative (BRI) due to MBS’ focus on real-sector investments for preemptively diversifying the Saudi economy away from its presently disproportionate dependence on oil exports. His country’s location at the crossroads of Afro-Eurasia also makes investments there extremely attractive from the perspective of China’s logistical interests, hence its massive commitment to his comprehensive economic reform policy.

Without last week’s Beijing-brokered deal, China would have had to rely on maritime routes under the control of the powerful US Navy to facilitate the forthcoming explosion in bilateral real-sector trade, but now everything can be conducted much more securely via the Iranian-transiting CCAWAEC. Looking forward, there’s also a theoretical possibility of Chinese energy investments in Iran connecting the Gulf to Central Asia and thenceforth to the People’s Republic, thus fully securing its strategic interests.

That’s still a far way’s off, if it even happens at all that is, but it nevertheless can’t be ruled out. Saudi Arabia’s desire to join BRICS and the SCO, which are the most influential multipolar organizations in the world right now, could turn this scenario into a reality a lot sooner than even the most optimistic observers might have expected. All of this in and of itself will herald a revolution in geo-economic affairs, and that’s even without Saudi Arabia having yet to throw its full support behind the “petroyuan”.

Once this major oil exporter begins to sell its resources in non-dollar-denominated currencies like China’s, then the petrodollar upon which the economic-financial aspect of the US’ unipolar hegemony is predicated will be dealt a deathblow. The global systemic transition to multipolarity and the impending trifurcation of International Relations that will precede the final inevitable form of this process would unprecedentedly accelerate once this happens, thus further hastening America’s ongoing demise.

About those aforementioned processes, they were already made irreversible by the special operation that Russia was forced to commence in defense of its national security red lines in Ukraine after NATO clandestinely crossed them there and subsequently rejected Moscow’s security guarantee requests for politically resolving their resultant security dilemma. Over the past year, the New York Times was forced to admit that not only did the sanctions fail, but even the plot to “isolate” Russia did too.

These outcomes were largely the result of Russia’s example inspiring the Global South to rise up against neo-colonialism by refusing to comply with the demands placed upon them by the US-led West’s Golden Billion to unilaterally sacrifice their own interests simply to serve that de facto New Cold War bloc’s. India played the leading role in this respect due to its status as the world’s largest developing country, which gave comparatively medium- and smaller-sized ones the confidence to follow in its footsteps.

That globally significant Great Power, which sits on the South Asian end of the NSTC that transits through Iran en route to Russia, also scaled up its purchases of discounted oil from Moscow to the point where its decades-long strategic partner is nowadays its largest supplier. Of crucial significance to the present analysis, a growing number of its deals are in non-dollar-denominated currencies, which sped up de-dollarization processes to such an extent that even Reuters felt compelled to write about this.

Considering this newfound financial context, there’s no doubt that upcoming Saudi moves in support of the petroyuan that are taken in coordination with Iran and Russia would catalyze the next natural phase of de-dollarization. Russian-GCC real-sector trade that’ll be carried out via Iran across the NSTC will be conducted in national currencies and thus prepare those three for the moment when they finally decide to deal a deathblow to the petrodollar.

All in all, it’s not hyperbole to declare that the dollar’s prior dominance is done for as a result of the Iranian-Saudi rapprochement. That Beijing-brokered deal makes this outcome an inevitability unless some subversive black swan event takes place such as a US-backed coup against MBS, though that’s unlikely to happen after he successfully consolidated his power in late 2017. With this in mind, it can confidently be declared that that last week’s development will be seen in hindsight as a game-changer.

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Home Forums Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar

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    Jacob Lawrence Struggle: From the History of the American People, Panel 8 1954 Andrew Korybko: Eurasia’s geo-economic integration took a great leap fo
    [See the full post at: Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar]


    WES posted prev. thread:

    One of the little publicized consequences for Switzerland breaking it’s neutrality, in regards to adopting sanctions on Russia, is it’s banking industry lòosing a great deal of business from China.

    Well WES (as you know), Swiss neutrality took a beating with the end of banking secrecy -> long story. Billy C. took the first public international attack move, with the ‘jewish accounts ww2’ scandal, which was really a lot of BS. (Billy C also repealed Glass-Seagal..other story..)

    Just one event, to show it has been eroding.

    Now some Rubicons (heh like there is a lot of them!) have been crossed, with the application of sanctions on Ukraine, outside of those approved / dictated by the UN.

    CH only joined the UN in 2002 (55% for), while it had been a member of offshoot orgs like WHO, UNESCO for many years

    In 2022 the Fed. Coucil of CH took the step of adopting EU (CH is not part of the EU) sanctions, including freezing accounts of Russians, which of course spelt big problems for the banking sector.

    How this came about, who was a big mover, etc. Idk. It is much discussed, no solid conclusion(s) from my end.

    Official statements, Fed. Gov. in F.

    Credit Suisse is in bad shape (see top post) has been so for a long time previous to this scare, it is the most disliked (..) bank in CH by ordinary ppl. Many ppl here want it to fail!
    I can read this FT article for free, about the bail-out of CS.

    John Day

    Sergey Glazyev bemoans that this is taking forever, because everybody has to agree first, before the “newcoin” can debut…


    Riccardo Bosi, former Australian Army Special Forces lieutenant colonel, nailed it when he stated that Russia (Putin) is dismantling the Deep State.

    No one in the Empire of Lies has the balls to do it or even attempt to do it.

    The Duh’merican Sheeple are hopeless as far as tackling the Deep Dipshit State.

    The Truth is actually Reality

    Lies are actually non-reality.

    Lies are Evil manifested in the world. Pure Evil

    The Pure Evil Empire of Lies.

    Russia is on a Mission from God

    Lavrov and Putin are the Blues Brothers



    Some numbers to go with the bailouts.


    Watching now two hours rant with Gerald Celente Add the dot between rumble and com

    or try VivaBarnsLaw.Loccals.Com


    Russia is on a Mission from God
    Lavrov and Putin are the Blues Brothers

    In just the Old Testament context, Nebuchadnezzar was on a mission from God, and so was Cyrus. Both did the work of the Lord, but the ways in which God uses people to bring about his justice and his vengeance do involve using people who otherwise are not, themselves, “God’s people” or righteous or holy or even just “good.” Stretching out even a little bit more, one can see that God also uses that so-called Arch-nemesis of the human race, that old serpent, to bring about his greater plans for redemption.

    So… I guess I’m saying that, if that’s the tradition a person is working with, it’s not altogether clear that being on a mission from God, or being a minister of God’s kingdom-coming (Paul, after all, was the one who wrote Romans 13 and also the one who died from the instrumentality of the very minister of God he’s talking about in that chapter), makes a person a laudable or good guy.

    Obviously, you can work out to even further religious or spiritual directions. Would would Wiracocha do? How might Guan Yin bring peace to the collapsing United States (gardens, gardens, blooming everywhere 🌼)?

    At any rate, it’s a wonderful time to be alive, even though it is a harrowing of the collective soul. We chose this time to incarnate. Let’s make sure it’s one of the last times around.


    Reds Brothers


    Oops. Forgot Xi’s sunglasses
    Reds Brothers



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