Syria, Pipeline Politics, OPEC & the USDollar: Jim Willie

By: Jim Willie CB, GoldenJackass.com

Syria is about the last gasp for the Petro-Dollar, the emergence of energy pipeline geopolitics, the rise of the NatGas Coop, the new dominance of Russian Gazprom, the eclipse of OPEC, the fall of the house of Saud, and a grand adjustment process in global commerce and banking. Refer to trade settlement outside the USDollar and diversification away from USTreasury Bond reserves management. It took some time to realize it, but the Cyprus bank incident was a misdirected attack against Gazprom. It failed. The entire Arab Spring movement, an ambitious disruptive project waged with foolhardy ambitions, has turned on itself. Egypt fell, its US puppet discharged. The entire North African region will be in flames soon. The USGovt interfered with a grand industrialization project for European industry, to be placed on North Africa intended to take advantage of cheaper labor, available minerals, nearby resources, and easy shipping. The resentment of Europe will show up in the future. The Middle East and Persian Gulf region is shifting its salute to Russia & China, as the noisy sectarian battles have been a common fixture since long ago. Bahrain has erupted. Saudi is clamping down and converting into an Islamic police state to create the Iran-Saudi repressive bobsey twins. Chaos is the longstanding objective of the USGovt in foreign policy infection, no change in decades.

Syria is about a lot of things, most of which are volatile, many unsolvable. To be sure, the naval port of Tartus is valuable for the Russian Military, always eager to wrest a seaport. Like Lebanon, Syria is a hotbed stronghold for HezBollah, never to be taken lightly. They are mortal enemies to Israel, whose nations have exchanged covert violence for years. Syria might have tight relations with the Shiites of Iran, even some in Iraq. However, Syria represents the crossroads of many important shifting geopolitical roadways that pertain to the global financial structure and commercial systems. Syria is the tipping point for a Grand Global Paradigm Shift. It is the last stand for the Anglo Banker world. Syria will not go easily into the Russian camp, into the Gazprom fold, into the European energy market sphere. For if it does, the entire USDollar system of commerce and the USTreasury Bond system of reserves management will fall by the wayside and open a new era with Eastern dominance. But the Western powers cannot stop it. Clouds of whatever type do not halt pipeline flow, nor pipeline geopolitics.

WHAT SYRIA MEANS

Syria stands at the door to the emergence of the Eastern Alliance, the new dominant energy pipelines, a new payment system detached from the USDollar and Anglo banks. Syria stands at the door which controls some incremental European energy supply. Syria stands at the door to Gold Trade Settlement, with a transition step that brings more importance to commodity backed currencies and proper valid systems for trade. Syria means the pipelines strangle the USDollar. Syria means the end of the US system of IOU coupons that pollute the global banking system. Syria means the status quo is coming to an abrupt end. Syria represents a clash of East versus West, which has more commercial and bank significance than anything reported by the lapdog press. Notice the direct line from Iran through Iraq to Syria. The natgas of Iran reaches the Mediterranean Sea through Syria.

RISE OF PIPELINE POLITICS

Syria is the end port for what the Jackass calls the Shiite Gas Pipeline. It begins in Iran and ends at the Mediterranean seaport in Syria. It was designed to terminate at a Shiite friendly nation. Thus my informal name. Ironically, Qatar is fighting against the Syrian Assad loyalists, but the Qatari natural gas will be directed into the same pipeline. In the last year, a giant Persian Gulf gas discovery was made in a joint Iran-Qatar project. Syria is about the last gasp for the Petro-Dollar. It represents a climax in Energy Pipeline Politics. Quietly for the last 15 to 20 years, Russia has been building crude oil pipelines and natural gas pipelines from the Mother Russian lands to points in Europe and China and the Former Soviet Republics. They have been constructing modern LNG gas port facilities. They have been forging contracts to supply energy to countless nations. The US-led plans have been more interference than constructive. They have consistently attempted to obstruct, rather than to build with some justification of common benefit.

The US news networks cannot tell why or how Syria is important relative to the USDollar. Most Americans cannot define money, let alone conceive of a Petro-Dollar defacto standard. They do not comprehend the global banking system having practices as an extension of Saudi crude oil sales in USDollars. They remember nothing of the Kissinger Arab Oil Surplus Recycle Pact into USTreasury Bonds and US big bank stocks. The focus should be on Pipelines and the closely related geopolitics. The focus should be on the eclipse of OPEC. The focus should be on the loss of Western Europe to the Russian fold, where natural gas supply will alter decisions. Notice the UK Parliament did not offer military support for the USGovt in Syria. They might have received a phone call from either Putin at the Kremlin or the CEO of Gazprom. Coming to a world near you is the NatGas Coop led by Gazprom. A regular feature in geopolitical decisions will be the integration of natgas supply to Europe and Great Britain.

ECLIPSE OF OPEC

Clearly heading out is OPEC and its influence. The dirty secret for ten years has been the depletion and decline in Saudi oil reserves. The water cut has surpassed 80% on a regular basis at Saudi oilfields. It is the percentage of water in produced “oil” wells. The interior pressures are dissipated. The Saudis are suffering from lost oil surplus, rising government debt, higher domestic energy costs, higher food costs, internal strife, fascist islamic rule, rising political prisoner population, and geriatrics at the throne. It sure would be good to know how King Abdullah returned from a coma after a few months, where his organs were declared defunct. Maybe like Saddam Hussein, he has some handy doubles. The OPEC nations in the last several years have become a loud disorganized gaggle of devious dealers who discount prices and lie on output on a regular basis. The cartel has no unity anymore. Their honorable Saudi core is disintegrating. The Saudi OPEC core is precisely the foundation to the Petro-Dollar and the justification for global banking systems being based in USTreasury Bonds. Coming online is the NatGas Coop. Coming online is gold trade settlement. Coming online is the BRICS Bank. Coming into prominent view is Gazprom, the leader of the NatGas Coop. It has some powerful strange bedfellows who deal in one currency, natural gas.

CYPRUS INDIRECT ATTACK

The news networks told of Cyprus being the site of bank crisis, account confiscations, the bail-in procedures creating a Western model, and resolutions. It took a while to realize, but the Jackass back in the March Hat Trick Letter noted the Gazprom angle and potential motive. The Jackass mapped out a Prima Facie case for motive on the Cyprus bank attack. It was a challenge to Gazprom and the Russian banking system, more than a Bail-in Model. It was an attempt to cut off the Russian encroachment into Europe with their Gazprom weapon, the most disruptive economic weapon seen in decades.

Cyprus used to serve as the primary window for the entire Russian banking system, and the central bank too. All bank transactions from Russia went through Cyprus. The conclusion could be that the Bail-in procedure is a suicide pact for the West. It is a declaration that if accounting rules are to be enforced, and capital requirements enforced, then the big Western banks would slit their throats and force the vanish of private bank accounts. Ditto if the legal prosecution of big bank were to begin in earnest. They cannot pull that switch unless major banks are all dead gone, from grotesque contagion. Since Lehman failed, all the big Western banks are lashed together, much like sailors at sea on deck during a nasty storm. If one goes, all go. The banker elite needed to disguise their attack of Gazprom in Cyprus. They wanted to interrupt the progress made by Russia in Pipeline Politics. The public bought the false story, again, like they always do. They do not think beyond the first visible layer.

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