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Lebanon urges Arab states to sanction USA: The Petroyuan beckons

Lebanon’s call to sanction the US may not be heeded all at once, but moving to the Petroyuan could be today’s version of the 1973 oil embargo.

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At an emergency meeting of the Arab League in Cairo, Lebanon’s Foreign Minister Gebran Bassil has proposed passing sanctions on the United States in retaliation for Donald Trump’s unilateral decision to recognise Jerusalem/Al-Quds as the Israeli capital.

The move has been condemned by an overwhelming majority of states and religious institutions throughout the world. The UN has also condemned the decision. 

During the meeting, Bassil who is from the Maronite Christian Free Patriotic Movement, stated,

“Pre-emptive measures (must be) taken against the decision, beginning with diplomatic measures, then political, then economic and (then) financial sanctions”.

Such a move is not without precedent. In 1973, the Organization of the Petroleum Exporting Countries decided to increase the price of oil by 70%, while cutting production levels.

The oil embargo specifically targeted countries that supported Tel Aviv during the 1973 Arab-Israeli War.

While the United States is increasingly energy self-sufficient, a rise in oil prices and/or a cutting of supplies would still negatively impact the US economy. The oil embargo of the 1970s sent shock-waves through the Dollar based financial systems as well as US stock exchanges.

While it is not thought that America’s allies in the Persian Gulf would agree to sanctions or a wider energy embargo in 2017, movement among oil producing Middle Eastern nations away from the Petrodollar and towards the Petroyuan, could have a similar effect on US markets and the Dollar itself, even if embarked upon in a situation unrelated to the matter of Jerusalem/Al-Quds.

The fact that the US Dollar is the de-facto trading currency in global energy markets, is one of the main factors in stabilising the US fiat currency. In today’s global economy, swapping the Dollar for the Chinese Yuan as a primary currency in the energy trade, could have far longer lasting effects on the US economy than the 1973 oil embargo.

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The issue of the Petroyuan has long been one discussed quietly even among US allies in the Middle East, however, now that the wider Middle East is at odds with the US in the most united sense since 1973, the Petroyuan could now become a geo-political tool as well as one used to gain monetary leverage against the Federal Reserve.

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Although the Northern bloc of the Middle East, which Gebran Bassil was essentially speaking on behalf of, would be far more eager to hit the US economically than the Saudi dominated Southern bloc, because Saudi Arabia will be dependant on Chinese investment if it seeks to realise the highly ambitious Vision 2030 project of Crown Prince Muhammad bin Salman, there exists a long-term incentive for Saudi Arabia to consider a break with the Petrodollar in order to attract more investment and more confidence from a Chinese government which already has extremely healthy relations with Riyadh.

Thus, the Petroyuan is attractive not only to China and countries like the heavily sanctioned Iran, but also countries like Saudi Arabia that require a long term relationship with China in order to diversify its economy.

Here we see an area where Saudi Arabia could act in its self-interest while also re-gaining a substantial degree of lost credibility among the wider Arab world over the issue of Palestine. What for a country like Lebanon is about its own security and about Arab dignity, for Saudi Arabia, turning towards the Petroyuan as a means of sanctions against Washington through the back door, could be a self-interested move that would allow Riyadh much needed economic leverage against the United States, while gaining at least some levels support among the wider Arab world which feels the GCC’s close relations with Washington have compromised the Palestinian cause.

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In this sense, one sees a powerful oil rich state in the Southern bloc of the Middle East, standing to gain from following the geo-political lead of a far less wealthy country in the North.

This could in the medium term, represent a wider “win-win” situation for a Middle East that is growing increasingly ill at east with America’s hegemonic role in the region.

A wider Middle East embrace of the Yuan could breathe new life into a region as a whole by preparing for the advantages of economic inter-connectivity which far outweigh the prima facie disaster of sectarian conflict. This would not only see countries like Lebanon and Saudi Arabia gain a uniquely common ground (however limited at first), but it could also only be good for peace in Palestine.

Saudi’s burgeoning relations with Israel could kill the two state solution in more ways than one

 

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Russia’s economy continues to outperform as gold takes center stage (Video)

The Duran Quick Take: Episode 118.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris examine how US and EU sanctions have continued to provide a huge boost to Russia’s economy. Russia’s food sovereignty has practically been achieved, as the Russian central bank continues to buy gold and lower its exposure to western financial markets.

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Via TASS…

Outside pressure in the form of sanctions has become an incentive to resolve various issues of Russia’s economy, Russian Security Council Secretary Nikolai Patrushev stated in an interview with the Izvestiya daily.

He noted that through introducing sanctions against Russia, “the West aims to destabilize Russia’s economy and to create social and political tensions in society.”

“But during the difficult times, Russians have always stuck together and mobilized their resources in order to ensure the country’s sovereignty. This is what is happening now – the outside pressure has become an incentive to resolve many problems in Russia’s economy,” he said.

“Before the sanctions, it seemed that we would never be able to feed ourselves and that we are doomed to be dependent on Western import. However, right now, Russia’s food sovereignty in crucial sectors has practically been achieved, and in some areas, Russia has become the leading exporter,” Patrushev noted.

Those who apply the sanctions “can see that they (the sanctions – TASS) are ineffective and often achieve the opposite goal,” the Russian security chief concluded.

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US Neocon Foreign Policy and the War Waged Against Serbia

The Serbian assault began first by a ‘financial war’; by sanctions and finished off by an aggressive unprovoked incessant NATO bombing campaign.

Richard Galustian

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The ‘witch-hunt’ against President Trump over Russian collusion has officially ended, following the submission of the Mueller Report, enabling us to now focus on the real problems of America that effects the whole world.

In the hope of a waining of the Russophobia in America, let’s look at the US’s recent war history by starting with the 20th anniversary this month of the NATO war on Serbia in 1999 which amounted to almost 100 days of bombing of historic cities and infrastructure.

Firstly, these problems are, in the main caused by the Neocons, or Deep State, whatever you wish to call them, and the continuing promotion, by the US Military-Security Industrial Complex, of wars and regime change and secondly, Trump’s unreserved support for Israel, regardless of war crimes they may continue to commit against the Palestinians.

Incredibly after that one sided unjust and illegal war that NATO executed, NATO has the audacity to invite Serbia to join it! Something that will never happen. What do they smoke in DC, in the Pentagon and Brussels based NATO?

To compound these overall problems, the US Military and Israeli Defence Forces collaborate on these US regime change policies on all continents evidenced most recently by the arrival of crack Israeli troops last month in Brazil, prepared to support an attack potentially by Brazil and Columbia on Venezuela.

As, has now come to be expected, America pursues its Venezuelan regime change with full main stream media (MSM) cooperation, using well proven sophisticated propaganda techniques along with a variety of pretexts.

From Serbia to Iraq to Libya, where does it end? Observe that Trump is now seeking a ‘NATO alliance’ offering NATO status, to President Bolsonaro of Brazil to back the invasion of Venezuela.

So it is important to remember, as an example, that after a long war of economic and financial destabilization ended with the bombing of Serbia.

Serbia was previously a part of Yugoslavia, a country which had successfully evolved after 1945 to solve the old rivalries of the 19th and early 20th Century Balkan ethnic animosities which was, prior to the advent of power of President Tito, its past history.

The United Nations, instead of supporting, in effect, so called ‘humanitarian wars’ and ‘regime change wars’ by the US, using NATO, helped and relentlessly driven home by MSM outlets like CNN and FOX NEWS into people’s heads, must finally take a stand.

So too, Yugoslavia, once the envy of many in the world, given its then ‘non-aligned’ status under President Tito, was destroyed and broken up; ‘Balkanized’ in the early 1990s.

The Serbian assault began first by a ‘financial war’; by sanctions and finished off by an aggressive unprovoked incessant NATO bombing campaign. That’s what we can expect in Venezuela next.

This ‘Balkanization’ strategy similarly applies to Afghanistan, Iraq, Libya, Syria et al. It serves US Neocon interests to dismember States in the world and create smaller more ‘manageable’ countries.

‘Regime change’ runs against the intent, the very words contained in the US Constitution. No one in MSM ever reminds us of that fact. Nevertheless America’s ambition to overthrow other States continues, which they arrogantly now make no secret of. The next States will probably be Nicaragua then Iran to name but two.

A very noteworthy most recent outrageous unilateral declaration was made by President Trump, not yet formally agreed by US institutions, ‘giving’ something he has no authority to give; Syrian territory, the Golan Heights to be precise, to Israel. Something that one day could trigger a full scale Arab-Israeli War.

This is of extreme importance yet no real outcry comes from world leaders; well not so far.

The main reason for that decision given by senior US Administration figures is that “God anointed Trump to save the Jews”.

Not forgetting Trump’s need (which we the people don’t understand exactly why) to support Prime Minister Netanyahu in his difficult upcoming elections in Israel – in part because both countries failed to ‘regime change’ Syria – but more importantly to help the ‘financial terrorists’ who formed a company jointly that has already started drilling for oil in the Golan Heights. You might like to know who owns such oil drilling company which should answer a plethora of questions in one go that you must be asking yourselves.

The shareholder’s names tells us everything; Dick Cheney; Baron Rothschild and Rupert Murdoch. The titular heads of neocons, bankers and media on the planet.

In ending there is no more evidence required for us, the people of the world, to rise up against the globalist dark forces wherever they exist, be it in Brussels, London, France or Washington. We must demand democratic elections or start revolutions, the latter has already begun in France in the form of ‘the yellow vests’. And Brexit, by definition, is a rejection by the British people of globalism and American Hegemony.

The pattern of US destabilization and destruction of States to loot them of their sovereign resources is the unseen history of the last 100 years, not taught in any university, anywhere in the West.

As far as Ukraine is concerned, its government was taken down by the CIA and replaced by an ultra fascist regime that has full backing from America. This is no secret. But the MSM simple don’t report it.

US led NATO is ‘the transnational war machine’ of the world, devouring almost all free countries wealth. It can extort to terrorize all into conformity to the global ‘carcinogenic’ US Neocon imperialistic strategy.

A total estimated 20m people around the world have died since the end of WW11 at the hands of US Forces. Think about that for a moment.

One of the most famous sayings attributed to America’s great President Abraham Lincoln is about deception: “You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time.”

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‘Dark day for internet freedom’: EU approves controversial copyright reform

Julia Reda, a German MEP with the Pirate Party, described it as a “dark day for internet freedom.”

RT

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The European Parliament has voted to adopt the highly controversial Article 13 provision which would govern the production and distribution of content online under the auspices of increasing copyright protections.

Tuesday’s move will update the EU’s 20-year-old copyright rules and will govern everything from audiovisual content to memes, much to the dismay of many social media users who have already begun outpouring their grief online.

MEPs passed the legislation by 348 votes to 274 Tuesday. Opponents had hoped for last-minute amendments to be made but their efforts were in vain.

Julia Reda, a German MEP with the Pirate Party, described it as a “dark day for internet freedom.”

Article 13 or ‘The Directive on Copyright in the Digital Single Market’ makes all platforms legally responsible for the content hosted and shared on their platforms.

The process of updating the bloc’s copyright laws began in the European Commission two years ago, ostensibly to protect Europe’s publishers, broadcasters and artists and guarantee fair compensation from big tech companies.

By essentially forcing companies like Google, Facebook and Twitter to pay artists and publishers for the reproduction of their work online, include in meme format, the EU is effectively clamping down on online memery.

The onus will now be on tech companies to clamp down on content-sharing on their platforms, which will likely ensure yet more draconian policing of speech and content.

EU member states now have two years to pass their own laws putting Article 13 into effect.

Tens of thousands marched in protest across Germany ahead of the vote, decrying what they viewed as severe online censorship.

Tech giant Google said that while the directive is “improved” it will still lead to legal uncertainty and will damage Europe’s creative and digital economies.

Critics have argued that the only way for Article 13 to be effectively enforced would be through the use of upload filters which automatically check content to see if it’s copyrighted or not, at least in theory. However, the exact mechanics of such a system have yet to be fully debated and the potential for abuse is immediately clear.

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