Media Review: The world of the dollar reserve system is coming to an end

Media Review: The world of the dollar reserve system is coming to an end

    Wednesday, April 05, 2023   No comments

The American magazine "The National Interest" reported that "the American president said that the ruble will turn to rubble, and the French finance minister said that the Russian economy will collapse, but despite these statements, the sanctions did not result in any major tsunami of regime change."

And it reported that “the movement to (Eurasian) resource-backed currencies was accelerated by the United States’ recognition of the trend and its attempt to reverse it, ostensibly through the war in Ukraine,” noting that “the revolution in the economy is not Bitcoin, but rather resource-based currencies.”

She explained, “With the Russians capping the price of their gold, Russian investors were stuck with an undervalued ruble, forcing it to appreciate against the dollar. In the past six months, the ruble has strengthened steadily. Then Putin added the double whammy that buyers of Oil can be bought with rubles or gold.

According to her, "If they buy oil with gold, they actually get a discount on oil, which leads to increased pressure on the supply of gold, which raises the price."

Therefore, "the West's commitment to burning the ruble backfired, and the strengthening of oil prices had a reinforcing effect on the ruble. As a result, in the land of paper, Russia and China are now able to control gold and oil prices," she says.

"The world of the dollar reserve system is coming to an end, as domestic funds were artificially inflated by the West in order to buy the assets of the East cheaply, and now it is payback time for the East," The National Interest confirmed.

The magazine concluded: "The dollar is still the reserve currency. This seismic change will not happen overnight, but the seeds were sown," stressing that "the current banking crisis is a symptom of the weakness of the monetary system, and what is happening in the West is the gradual death of paper currencies."

Saudi Arabia will stop oil supplies to countries that set a price ceiling on its oil

Saudi Arabia will stop oil supplies to countries that set a price ceiling on its oil

    Thursday, March 16, 2023   No comments

In another guesture in support of Russia and dismiss of EU actions, Saudi Arabia announced that it will stop oil supplies to countries that set a price ceiling on its oil

This was stated by the Minister of Energy of the Kingdom, Prince Abdulaziz bin Salman.

In his view, price ceilings set for a country or a group of countries, for oil or any other commodity, will lead to individual or collective responses with serious consequences.

"So if there is a price cap on Saudi oil exports, we will not sell oil to any country that imposes a price cap on our supplies, and we will cut oil production, and I would not be surprised if others do the same," he said. the minister said.

The Saudi Energy Minister, Abdulaziz bin Salman, and the Russian Deputy Prime Minister, Alexander Novak, confirmed during their meeting in Riyadh, today, Thursday, their countries’ commitment to the decision taken by “OPEC +” to reduce oil production by two million barrels per day until the end of 2023.

The Saudi Press Agency, "SPA", stated that bin Salman and Novak discussed the conditions of the global oil market, and the efforts of the "OPEC +" group aimed at "enhancing market stability and balance."

The two sides affirmed their countries' commitment to the decision taken by the "OPEC +" group, last October, to reduce production by two million barrels per day until the end of 2023, and the continuation of cooperation between the two countries, within the framework of the group, to enhance the stability and balance of the global market.

A few days ago, the US Assistant Secretary of State for Economic and Energy Affairs, Jose Fernandez, called on oil-producing countries, including the Organization of Petroleum Exporting Countries (OPEC), to "increase the quantities of crude supplied in the markets."

And in early October 2022, “OPEC +” decided to reduce its production by two million barrels per day, at a level that it has not changed since then.

It is noteworthy that the American "The Intercept" website had previously stated, quoting informed Saudi sources, that Riyadh had pressured to cut oil production twice more than what Russian President Vladimir Putin had requested.

On October 14, a spokesman for the National Security Council at the White House, John Kirby, said that "more than one member" of "OPEC +", without specifying them, disagreed about the size of the cut, but Saudi Arabia forced them to agree to it.

 

Investigative journalist Seymour Hersh: The CIA carried out the Nord Stream bombing

Investigative journalist Seymour Hersh: The CIA carried out the Nord Stream bombing

    Thursday, February 09, 2023   No comments

Pulitzer Prize-winning investigative journalist Seymour Hersh blamed the US administration for the bombing of the Russian Nord Stream gas pipeline, which took place last September.

According to a report by the veteran journalist, the bombing of an underwater gas pipeline in the Baltic Sea was a covert operation ordered by the White House and carried out by the CIA.

In a 5,000-word lengthy report, Hirsch wrote that the operation was disguised "under the guise of a widely publicized NATO mid-summer exercise known as Operation Baltic-22" that took place this past June. .

In the report, Hersh says that the American divers in the deep sea used NATO military exercises as a cover, and planted mines along the pipelines, which were later remotely detonated.

The famous American journalist added that the "black operation" was ordered by President Biden, and the attack was carried out by the CIA in cooperation with Norway.

He added that Biden's decision to sabotage the pipelines came after more than 9 months of top-secret planning within the US national security community.

Speaking about his source, Hirsch said: "At the time, the issue was not whether the task should be done, but how to get it done without a clear clue as to who was responsible."

In his report, Hersh included statements and information that he considered as indications of the US administration's responsibility for the attack, describing its behavior as a result of complete insistence.

The journalist mentioned that Biden met in his office, in the White House, the German Chancellor, Olaf Scholz, less than 3 weeks before the Russian military operation that began at that time in Ukraine, and he had defiantly said in the press conference that followed the meeting: “If Russia invaded Ukraine, There will be no Nord Stream 2, and we will put an end to it."

Hersh continued in this context, recalling that the US Undersecretary of State, Victoria Nuland, had delivered the same message in a press briefing at the Ministry, with little press coverage. In response to a question at the time, she said: "I want to be very clear with you today, if Russia invades Ukraine, Nord Stream 2 will somehow not move forward."

The American journalist Hersh, known for his investigative reports on American crimes in Vietnam and the Middle East wars, was able to obtain information about the operation from an unnamed source, but he stated that he was directly involved in its preparation, as he put it.

It is noteworthy that Hersh was the one who revealed the torture scandal in the Iraqi Abu Ghraib prison, which sparked a global outcry and widespread condemnation of the US administration.

For its part, the Pentagon responded to Hersh's report and said that the United States had nothing to do with the bombing of the Nord Stream gas pipeline.

Today, Department Spokesperson Jaron Gorn stated that the United States was not involved in the Nord Stream explosion, as he referred to the speech of Deputy Assistant Secretary of Defense Laura Cooper, who claimed on October 4 that "the United States was not involved in any Anyway" in this matter.

On the other hand, the spokeswoman for the Russian Foreign Ministry, Maria Zakharova, said that all the facts cited by the American journalist in his investigation, about the role of the United States in the sabotage of "Nord Stream", must be commented on by the White House.

Zakharova added that Moscow has repeatedly expressed Russia's position on the involvement of the United States and NATO in this incident.

The Russian Foreign Ministry spokeswoman stressed that the West did not hide this, adding, "The West was bragging to the whole world about its intention to destroy the civilian infrastructure through which Europe obtained Russian energy resources."

Last Thursday, Russian Foreign Minister Sergey Lavrov, in a joint interview on the "Russia 24" channel and the "Novosti" agency, accused the United States of being directly involved in the bombing of the "Nord Stream" gas pipeline.

Last September, a series of powerful explosions destroyed the Nord Stream 1 and 2 pipelines, which pass through the Baltic Sea from Russia to Germany and provide cheap gas to Europe, and it was soon revealed that the attack was an act of deliberate sabotage. The perpetrator has not yet been identified.

Pakistan: We will get Russian oil starting next April

Pakistan: We will get Russian oil starting next April

    Friday, January 27, 2023   No comments

Pakistan's Petroleum Minister Mossadeq Malik announces that Pakistan will start importing crude oil from Russia in April 2023, stating that this "will be beneficial for both countries."

Pakistani Petroleum Minister Mussadeq Malik announced today, Friday, that Pakistan will start importing crude oil from Russia in April 2023, after Moscow and Islamabad ended their negotiations on the terms of supply, including the issue of payment related to the use of a currency other than the dollar.

Malik added, "In March, all trade clauses of the agreement with Russia will be finalized, after which low-cost crude oil will start arriving in Pakistan. It will be beneficial for both countries," according to the Pakistani newspaper News.

Pakistan has also begun to develop a comprehensive energy security plan, which will be completed by the end of 2023, and includes the import of Russian liquefied natural gas (LNG), pipeline gas, and other petroleum products, according to the newspaper's report.

Earlier, Russian Energy Minister Nikolai Shulginov and Pakistan's Economy Minister Ayaz Sadiq held a meeting, where the two sides agreed to agree on all details of oil and gas supplies by March.

Shulginov noted that discussions on oil supplies will not begin until after February 5, after the price ceiling for Russian refined products, introduced by Western countries, comes into effect.

Shulginov added that "Russia may participate in power generation projects in Pakistan, including the modernization and construction of hydroelectric power plants and thermal power plants."

On January 19, Russia and Pakistan announced their readiness to sign the necessary documents for the construction of the "Pakistani Stream" gas pipeline.

The Russian delegation headed by Shulginov arrived in Pakistan, on January 17, to hold bilateral talks for a period of 3 days, within the framework of the work of the joint Russian-Pakistani governmental committee for trade, economic, scientific and technical cooperation.

Western countries have been seeking ways to limit Russia's revenues from oil and gas exports, as well as its dependence on Russian fuel since Moscow launched a military operation in Ukraine on February 24, 2022.

On December 5, the European Union set a ceiling for the price of Russian oil, $60 a barrel, and the G7 countries and Australia joined.

Despite this, Washington and its allies agreed to review the level of the ceiling imposed on the export prices of this oil next March.

Erdogan presents the expected tidings to Europe at the gates of the winter crisis: We will distribute Russian gas to you through our Turkish lands

Erdogan presents the expected tidings to Europe at the gates of the winter crisis: We will distribute Russian gas to you through our Turkish lands

    Friday, October 28, 2022   No comments

President Recep Tayyip Erdogan announced that Turkey will distribute natural gas coming from Russia to Europe through its territory through the “Turkish Stream” project.

In a speech during an introductory event for the "Turkey Century" campaign in the capital, Ankara, Erdogan indicated that this will be the result of talks with Moscow.

On the other hand, the President revealed that his government will soon start work on the Istanbul Canal project, and that it will thus save the Bosphorus Strait from environmental threats.

He referred to the discovery of 540 billion cubic meters of natural gas reserves in the Black Sea previously, adding: "God willing, we will soon share good news with our people in energy."

The “Turkish Stream” is two pipelines to transport gas from Russia to Turkey and Europe, passing through the Black Sea. The first pipeline feeds Turkey, and the second is eastern and southern European countries.

Erdogan stressed that one of the first goals of the “Turkey Century” vision is to give the country a new constitution that will be the product of the national will.

He said, "In the past twenty years, we have implemented historical monuments and services in all fields, from education to health, from justice to security, from transportation to energy, and from industry to agriculture, but there are also things that we have not been able to achieve despite our efforts."

He added: "Acquiring a new constitution for our country, the product of the national will, is one of the first goals of our vision, the century of Turkey. This new constitution will enhance the stability of the country, increase the prosperity of the people, enhance the rule of law, pluralism and justice, guarantee the freedoms of every citizen, and provide our young people with a hope for the future."

And he added: “We will raise the century of Turkey by meeting the aspirations of our young people in all fields from technology to art, and from sports to the environment. We will advance Turkey’s century by making our country one of the top ten countries in the world in all political, economic, technological, military and diplomatic fields.”

Erdogan indicated that “Turkey’s century” is the century of replacing identity politics with a politics of unity, polarization with integration, denial with embrace, domination with freedom, and hate with love.

He pointed out that "Turkey's Century" is the name of a new beginning for combining real actions with sincere acceptance, putting human values ​​before ideological fanaticism, giving preference to truth over fanaticism, and showing the truth to those who turn their backs on it.

He explained that the vision, spirit and philosophy of "Turkey's Century" means the Century of Sustainability, saying: "Based on this concept, we will strengthen an ecosystem that embraces life with all its elements. In parallel, we will move forward in our struggle to keep pace with the path of the world."

He stressed that "Turkey's century" will be the century of peace for the country, and that it will continue to work to achieve stability in its geographical region and the world, based on the concept of "the world is greater than five."

The Turkish president set a short-term goal for Turkey to reach a trillion dollars in foreign trade, and 100 billion dollars in tourism revenues.

He pointed out that they are moving forward in establishing and developing infrastructure facilities in order to transform Turkey into a global production and supply center whose necessity has been demonstrated during the Corona pandemic.

In this regard, President Erdogan announced raising the production capacity of electric energy from 31,846 megawatts to 101,518 megawatts.

According to Erdogan, successive Turkish governments have worked to increase the number of archaeological sites of the country included in the World Heritage List of the United Nations Educational, Scientific and Cultural Organization "UNESCO", and increased the number of archaeological sites that have been restored from 46 to 5,781 sites.

In addition to the Istanbul Canal project, President Erdogan indicated that he will announce new projects in Turkey before the elections.

In light of the "Turkey Centenary" vision, Erdogan confirmed their goal of transforming Turkey into the most important and largest industrial and commercial country in the world, saying: "In the next stage, we will discuss the latest and most effective production strategies and implement them on the ground."

To achieve this goal, the Turkish President promised to continue supporting high-tech value-added industries, increasing direct production centers in order to expand the market and increase world opportunities.

He stressed the importance of science in the "centennial of Turkey", saying: "We are going through a stage in which we are looking for the impact of science and technological development on the future of humanity, and we plan to have a say in this field in the future, by supporting scientific research in the public and private sectors in order to achieve the well-being of our country and our citizens. “.

He added, "We will work to enter at least 10 Turkish universities in the global ranking of the first 500 universities in the world."

The White House: Washington is reassessing the relationship with Riyadh after the “OPEC +” decision

The White House: Washington is reassessing the relationship with Riyadh after the “OPEC +” decision

    Tuesday, October 11, 2022   No comments

 The United States announced that it needs to reconsider relations with Saudi Arabia, after it supported the decision of the "OPEC +" group to reduce oil production.

John Kirby, the strategic communications coordinator for the National Security Council at the White House, told CNN that the United States needs to reassess its relationship with the kingdom, including arms sales.

"I think the president has been very clear that this is a relationship that we have to continue to re-evaluate, that we need to be ready to reconsider, and certainly in light of the OPEC decision, I think this is his time," he added.

 

"We are willing to work with Congress to think about what that relationship should look like," Kirby said when asked about his reaction to Democrats' call for a freeze on arms sales to Saudi Arabia.

On Friday, oil prices jumped to their highest level in five weeks, two days after “OPEC +” cut its production by two million barrels per day, before falling back on Monday amid fears of a possible global recession.

This comes after Democratic lawmakers called for a freeze in relations with Riyadh, most notably Democratic Senator Bob Menendez, Chairman of the Committee on Foreign Relations in the US Senate, who called for a freeze on cooperation with Saudi Arabia, including arms sales.

 "I think it's time for a comprehensive reassessment of the U.S. alliance with Saudi Arabia," Senator Chris Murphy, chair of the Senate Foreign Relations Subcommittee on the Middle East, told CNBC.

In the House of Representatives, Tom Malinowski, Sean Kasten, and Susan Wilde introduced legislation seeking to withdraw US forces from Saudi Arabia and the UAE.

Rep. Robin Gallego suggested that the United States restore the Patriot missile defense systems deployed in Saudi Arabia, adding on Twitter: "If they prefer the Russians that much, they can use their very reliable military technology."

A few days ago, the "Washington Times" newspaper reported that a group of US Democratic representatives proposed a bill that would provide for the withdrawal of all forces from Saudi Arabia, in addition to the withdrawal of missile defense systems.

And the newspaper "Bloomberg" indicated that the United States should end the "special status" of the Kingdom in US foreign policy, and reduce the level of diplomatic relations with it.

As for US Secretary of State Anthony Blinken, he said that the United States is studying a number of response measures, including Saudi Arabia, after the "OPEC +" decision to reduce oil production.

The United States criticized the decision, considering it "short-sighted", while the White House saw that the decision shows the bias of the "OPEC +" alliance to Russia.

Meanwhile, UAE's Mohamed bin Zayed meets Putin, highlighting the shifting of allliances and roles resulting from the war in Ukraine.

Speaking with Bin Zayed al-Nahyan, Putin said Russia aimed to create stability on energy markets and ensure that supply and consumption were balanced.