36 Events Which Signal Death to the Petrodollar

http://www.trunews.com/36-events-which-signal-death-to-the-petrodollar/

(TRUNEWS) What do the Fed’s emergency meetings in Washington D.C., the spree of US leaders visiting Saudi Arabia, and the beginning of bail-in’s have to do with the petrodollar?  To help connect those dots, below is a detailed timeline of the significant financial and geopolitical events of the last 2 months.

• Feb 3 2016: Russian President Vladimir Putin meets with globalist ambassador Henry Kissinger.

• March 11 2016: Secretary of State John Kerry visited Hafr al-Batin in Saudi Arabia, 60 km southwest of King Khalid Military City, the area which hosted the 350,000 man military drill “Northern Thunder”.

• March 16 2016: Russia begins surprise withdrawal of warplanes and ground forces from Syria.

• March 26 2016: South African President Jacob Zuma visited Saudi Arabia and met with the Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, the minister of defense. Pictures of President Zuma opening a weapons factory on his visit have since surfaced.

• March 29 2016: British Defense Secretary Michael Fallon secretly visited Saudi Arabia and met with Crown Prince Mohammed bin Nayef bin Abdulaziz, who also serves as the deputy prime minister and interior minister.

• April 3 2016: George Soros run International Consortium of Investigative Journalists (ICIJ) leaked 11.5 million confidential documents stolen from Panamanian law firm Mossack Fonseca, regarding offshore shell companies. The strategic leak attempted to paint Vladimir Putin and King Salman bin Abdulaziz al Saud as tax criminals.

• April 3-5 2016: Indian Prime Minister Narendra Modi visited Saudi Arabia and met with King Salman bin Abdulaziz al Saud.

• April 4 2016: Deputy Crown Prince Mohammed bin Salman outlines the Saudi Arabia’s plan to sell off ARAMCO, valued at $2.7 trillion, and transfer the money to the Public Investment Fund (PIF). This would make the PIF the largest fund on earth.

• April 6 2016: King Salman bin Abdulaziz al Saud met with Egypt’s Prime Minister Sherif Ismail and launched a $16 billion Egyptian-Saudi investment fund, half capitalized in Saudi Arabia’s Riyal (SAR) and the rest in the Egyptian Pound (EGP). King Salman said he wants to build a “metaphorical bridge” between Egypt and Turkey.

• April 6 2016: US Speaker of the House of Representatives Paul Ryan visited Saudi Arabia and was received by King Salmon bin Abulaziz at Al-Yamamah Palace. Accompanying Ryan were Congressman: Mac Thornberry-TX (Chairman of the Armed Services Committee); Devin Nunes-CA (California Chairman of the House Permanent Select Committee on Intelligence); Michael Turner-OH; Gregory Meeks-NY; Kristi Noem-SD; Ron Kind-WI; Will Hurd-TX.

• April 8 2016: Atlanta Fed forecasts GDP growth at 0.1%. Two quarters of negative growth is the definition of a recession.

• April 9 2016: The last 4 Fed chiefs: Janet Yellen ( 2014 — ); Ben Bernanke ( 2006 -2014 ); Alan Greenspan (1987 – 2006 ); Paul Volcker (1979 – 1987), held a rare meeting Thursday night at the International House in New York, a foreign grad students dormitory originally founded by the Rockefeller’s. The discussion was moderated by CNN’s Fareed Zakaria, an active member of the globalist think tank, the Council on Foreign Relations (CFR).

• April 10 2016: Senior members from the two 9/11 investigation committee’s appeared on “60 Minutes” calling for release of the classified 28 pages of the Congressional 9/11 investigation. Members indicated documents prove Saudi Arabia’s involvement.

• April 10 2016: Saudi owned PIF — the fund ARAMCO’s $2.7 trillion sell off will be transferred into — announces investment plan. 50 percent of holdings will be in foreign investments, China may purchase large chunk of ARAMCO.

• April 11 2016: Austria became the first EU nation to employ the “bail in” procedure, rescuing creditor Heta Asset Resolution from bankruptcy as Austrian bank Hypo Alpe Adria announced it would be unable to pay back an outspend €11 billion.

• April 11 2016: Emergency meeting called by Italy’s Finance Minister Pier Carlo Padoan. Italian bankers engage “last resort” to save banks crippled by €360 billion subprime loan burden, with only €50 billion capital in hand.

• April 11-13 2016: Fed Chief Janet Yellen holds 3 days of closed door emergency meetings with the Fed’s Board of Governors. Unprecedented.

• April 11 2016 Afternoon: Fed Chief Janet Yellen grants an audience to President Obama and VP Joe Biden. Last meeting November 2014.

• April 11-12 2016: Russian SU-24 fighter jets conducted 31 mock attack runs on the US Destroyer Donald Cook as it sailed through the Baltic Sea. Planes flew within 30 feet. A Russian Ka-27 Helix helicopter also conducted 7 overflights, reportedly taking pictures of the ship.

• April 12-17 2016: Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group being held in Washington D.C. begin.

• April 12 2016: WSJ publishes Fed and Federal Deposit Insurance Corp (FDIC) rejections of “Living Wills” from the 5 big US banks: J.P. Morgan, Wells Fargo, Bank of America, Bank of New York, and State Street. Massive illiquidity exposed.

• April 13 2016: China’s big four banks among 18 members to join a new yuan-denominated gold benchmark, to launch April 19th.

• April 13-15 2016: World Finance ministers and Central Bank Governors gather in Washington D.C. For a three day G-20 meeting.

• April 13 2016: Fed and FDIC begin investigation to find anonymous sources of “Living Will” leak to WSJ.

• April 13 2016: Following the horrendous U.S. Bureau of the Census retail sales report, Atlanta Fed revises forecast for GDP growth to 0.3%, consumer spending growth from 1.6% to 1.8%.

• April 13 2016: Etai Friedman, CEO of Eyal Capital Management, tells TRUNEWS that retail report shows US is entering recession, Fed forecasts are lies.

• April 13-19 2016: Turkish President Recep Tayyip Erdogan met with King Salman bin Abdulaziz al Saud in Ankara for the Organization of Islamic Cooperation (OIC) summit. Previously met in Riyadh in December 2015 to sign the strategic cooperation agreement which began the 34 nation Arab coalition. This lead to the formation of the 350,000 man invasion force in Northern Saudi Arabia.

• April 14 2016: US Treasury auctions $12 billion of 30 year security bonds.

• April 14 2016: Government regulators allow Fannie Mae and Freddie Mac to cut loans balances for 33,000 eligible U.S. borrowers who owe an unpaid principal balance of $250,000 or less and whose loan-to-value ratios exceed 115 percent.

• April 14, 2016: Deutsche Bank admits to rigging Gold and Silver prices, agrees to expose other financial institutes complicit in price manipulation.

• April 19 2016: China launches new yuan-denominated gold benchmark on Shanghai Gold Exchange (SGE).

• April 19 2016: Next GDP growth update from Atlanta Fed.

• April 20 2016: US Secretary of Defense Ashton Carter will visit Riyadh to meet with Saudi Arabia’s Deputy Crown Prince and Defense Minister Mohammed Bin Salman al-Saud. He will also attend a GCC ministerial meeting ahead of the GCC summit. Previously met with Deputy Crown Prince in Brussels Feb 11 2016.
   
• April 21 2016: President Obama to visit Riyadh and meet with Saudi Arabia’s leader King Salmon bin Abulaziz, as well as a summit of leaders from the Gulf Cooperation Council. Previously visited for King Salmon’s crowning in 2014, after King Abdullah bin Abdulaziz al Saud died.
   
• April 26-27 2016: Board of Governors of the Fed will gather for regularly scheduled Federal Open Market Committee (FOMC) meeting.

• September 2016: IMF makes decision on whether to include the Chinese Yuan in the SDR’s basket of currencies.

Will these events signify the death of the petrodollar? Only time will tell. They will however undoubtably shape the future of the global economy.

Rick Wiles will give his analysis on the connections between these events on the Thursday, April 14th edition of TRUNEWS.