backdoc » November 15th, 2014, 12:34 pm
THESE ARE MY OWN THOUGHTS AND OPINIONS
GOOD MORNING EVERYONE!
THIS IS JUST ONE ARTICLE OF MANY THAT BEGIN TO SHOW US HOW OIL IS AND WILL BE CONTROLLED AND USED AS A CURRENCY AS I'VE SHARED ! (See Article Below)
BY NOW YOU ALL ARE BEGINNING TO SEE THAT OIL IS IN A SERIOUS DECLINE AS IT MUST REPRICE ITS' SELF GLOBALLY TO THE DOLLAR.
GOLD HAS ALREADY BEGUN ITS SLIDE WITH MORE TO GO!
WITH JAPAN DOING QE NOW THE DOLLAR WILL PICK UP STEAM AND WILL BEGIN ANOTHER LEG UPWARD!
THE EU IS TALKING ABOUT DOING THE SAME. AGAIN MAKING THE DOLLAR STRONGER NOT WEAKER.
WHEN THE REALISTIC RATE SHOWS ITS SELF INTERNATIONALLY, AGAIN THE DOLLAR WILL HAVE SERIOUS POTENTIAL FOR INCREASED VALUE.
ALTHOUGH CHINA WILL SOON BE CONSIDERED AN ALTERNATIVE TO THE DOLLAR, 18% WORLDWIDE USE COMPARED TO THE DOLLAR IS HARDLY TOO SERIOUS AT THE MOMENT.
MY CONCERN IS ONCE THE 2010 IMF REFORMS ARE PASSED THROUGH OUR CONGRESS THE U.S. ESSENTIALLY LOSES CONTROL OF THE IMF.
ONCE THIS OCCURS, LOOK FOR CHINA TO RESTATE ITS' GOLD RESERVES. ONCE THEY DO MY EXPECTATION IS THEY WILL BE VOTED INTO THE SDR FORMAT.
AT THAT POINT EVERY COUNTRY WITH A LOAN TO THE IMF HAS LOST ITS' SOVEREIGNTY. I HATE TO GO FUTHER WITH THAT DISCUSSION BUT I'M SURE IF YOU READ YOUR BIBLE ABOUT END TIMES YOU WILL UNDERSTAND ITS' IMPLICATIONS AND ALSO WHY I CALL IT "THE NEW REALITY".
BY THE WAY THE FOUR CURRENCIES IN THE IMF THAT MAKE UP AND SDR (SPECIAL DRAWING RIGHTS), ARE THE U.S. DOLLAR,EURO,BRITISH POUND,AND THE JAPANESE YEN. THIS IS WHAT I CALL THE EMPIRE! ONCE THIS CHANGES WE WILL HAVE A NEW REALITY!
EACH CURRENCY IN THE SDR HAVE A DIFFERENT WEIGHTING OF VALUE. CURRENTLY THE U.S. DOLLAR MAKES UP .666 OF AN SDR. WITH THE CURRENT DEVALUATION OF THE EURO,YEN,AND POUND, I EXPECT THE DOLLAR WILL RETAIN THE SAME SHARE OF CONTROL IN THE SDR FORMAT EVEN IF CHINA COMES IN TO IT.
I THINK THE DEVALUATION OF THESE CURRENCIES ARE CURRENTLY PAVING THE WAY FOR CHINA TO TAKE A SEAT IN THE SDR! OF COURSE THIS IS MY OPINION ON THAT AND WE WILL STUDY FURTHER TO SEE IF I'M RIGHT?
THE REASON WE NEED TO WATCH THIS "NEW REALITY" DEVELOPMENT IS THAT IT DETERMINES CONTROL OF MONEY FLOW WORLD WIDE!
WEALTH MANAGERS NEED TO CONSIDER THIS AND WHY I HAVE SEVERAL CONCERNS ABOUT BONDS FOR NOW. A SERIOUS DEFLATION PERIOD WHICH I BELIEVE WILL COME WILL CAUSE A MAJOR SELLOFF ON BONDS OF COUNTRIES!
GUESS WHO WILL BE WAITING TO PREVENT THE IMPLOSION? THATS RIGHT THE PYTHON (IMF). THEY CAN CREATE MONEY, (SDR BONDS, LOANS) UNTIL THEY HAVE EVERY COUNTRY IN ITS' COILS, HENCE "THE NEW REALITY"!
CURRENTLY, GREECE AND UKRAINE ARE ALREADY THERE! WHO WILL BE NEXT?
CONTINUE TO WATCH GOLD AND OIL GO EVEN LOWER. CURRENTLY I BELIEVE GOLD COULD REACH A LOW OF 800.00 IN THE NEXT SEVERAL MONTHS.
AS FAR AS OIL, LOOK FOR OIL TO SLIDE FAR ENOUGH TO PULL THE FRACKING OFF LINE IN THE U.S. BUT NOT LOW ENOUGH TO TAKE OUT CANADA'S OIL SANDS PRODUCTION !!
SORRY FOR RAMBLING AS WE AWAIT THE BAMM "HCL" AND THE REALITY RATE, "BOOM" !
WE HAVE SEEN IRAQ GO FROM DULY ELECTED, TO FULLY FORMED, AND NOW IT'S UP TO THEM TO SHOW OZ THEY ARE FULLY FUNCTIONAL TO COMPLETE THE REMAINING STEPS AS WE ALL AWAIT!
(Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI)
GIVE ME A "H", GIVE ME A "C" GIVE ME A "L"
IT'S ALL FOR ONE AND ONE FOR ALL!! DOC….
THESE ARE MY OWN THOUGHTS AND OPINIONS
G20 targets new energy regime to sit above OPEC
THE AUSTRALIAN NOVEMBER 15, 2014 12:00AM
A REVOLUTIONARY overhaul of global energy markets is emerging as the surprise achievement of this weekend’s G20 summit as world leaders negotiate new policies to ensure open markets and prevent oil and gas supplies being used as tools of foreign policy.
Australia and other major economies are seeking to lay the foundation for a new regime for global energy trade, heeding the concerns of national leaders who fear “catastrophic” volatility that can damage both importers and exporters.
Central to the plan is the creation of a global institution that would sit above both OPEC and the International Energy Agency, giving a greater voice to rising economies, including China, and addressing fears about energy security. Australia stands to benefit from the new structure as the nation’s liquefied natural gas exports surpass $14 billion a year and are set to triple in volume within three years due to soaring global demand for energy.
The talks on energy security are yet to be concluded and could be influenced by the growing debate over climate change, as some G20 leaders seek a discussion on carbon reduction targets that could take up more time on this weekend’s agenda.
Tony Abbott moved yesterday again to limit the discussion on climate change, and gained support from British counterpart David Cameron, who expressed caution about the impact of a new climate deal between China and the US. “There are lots of other issues around right now, lots of other issues that individually and collectively we’re interested in, but the focus of this G20 will be on growth and jobs,” Mr Abbott said.
The energy talks are scheduled for tomorrow morning’s session of the G20 summit, at a time when leaders such as French President Francois Hollande are expected to be pushing for a greater focus on climate change.
Although last-minute wrangling over the wording on energy in the final communique is still taking place, it is understood OPEC leader Saudi Arabia is signing up to the agreement.
Russian President Vladimir Putin, who has previously used gas exports as a weapon to intimidate neighbours, including Ukraine, is also said to be backing the new principles.
Mr Putin aired his concerns about the vulnerability of major energy exporters under the current world energy regime. “We’re considering all the scenarios, including the so-called catastrophic fall of prices for energy resources, which is quite possible, and we admit it,” he said in an interview with the TASS agency published last night.
Mr Putin said countries like Russia that relied heavily on energy exports could be struck by sudden shifts. “When they appear, in some cases owing to political considerations, and when they increase, then different countries — and especially the emerging economies — become hard-hit and find themselves amid big complications,” he said.
Mr Abbott has been under political attack for months for refusing to make climate change a major part of this weekend’s agenda, as he attempts to keep the focus on a “Brisbane Action Plan” to lift world economic growth by two percentage points.
“When Tony Abbott says he only wants to concentrate on economic issues what we see is a stubborn isolationist who won’t admit that climate change is an economic issue,” Opposition Leader Bill Shorten said yesterday. “Australia has a chance to showcase ourselves to the world, or we can look like we’re backward, isolationist and not dealing with the big issues that the world wants to talk about.”
Yet the energy security agenda could prove crucial to the long-term stability of energy markets — a vital economic issue for many countries — as the rise of China challenges the old institutions that currently dominate the trading system.
The G20 agreement is expected to include commitments on security of energy supply, which would preclude embargoes of any sort, and transparency of pricing.
Limits on the use of energy subsidies and commitments to energy efficiency are also likely to form part of the agreement.
The work on energy is the result of the collaboration between the US and China that led to their agreement on climate change this week.
When Chinese President Xi Jinping visited the US in June last year, and had what was viewed as a “G2” summit with Barack Obama at his Sunnylands retreat in California, energy was identified as an area where both nations could set aside their differences. An agreement announced by both nations last year to reduce the use of hydrofluorocarbons, which are damaging to the atmosphere, was the first product of this partnership.
Australia joined China and the US to jointly author a paper on energy policy that was presented to a meeting of G20 officials in Melbourne in July this year.
The paper highlighted the fact that major emerging countries, including China, India, Brazil and South Africa, are not represented in the energy consumers’ forum, the International Energy Agency, whose membership is restricted to nations with advanced economies and which are also members of the OECD.
Countries that are not members of the IEA now account for 55 per cent of global energy consumption, up from barely a third when the agency was formed in 1974.
The US, which is a member of the IEA, has been transformed from being a net consumer to being a major energy producer with the rise of its shale-oil production.
OPEC is meanwhile struggling to act as an effective oil producers’ cartel, with its share of global production falling from more than 50 per cent at its peak to just 40 per cent. The paper argued that the current institutions have not adjusted to these changes and cannot be easily adapted.
A new global institution is needed that lays down principles of governance for all participants in energy markets.
This weekend’s meeting will not establish the institution but is aiming to agree the principles that it would adopt. Winning the support of both Saudi Arabia and Russia has been difficult, with both expressing reservations when energy governance was first canvassed at a meeting of G20 officials in Uluru in late March.
A declaration on energy security following a meeting of the G7 industrial countries in Brussels in June was clearly targeted at Russia, saying that the “use of energy supplies as a means of political coercion or as a threat to security is unacceptable”, and highlighting the crisis in Ukraine.
Saudi Arabia is also sensitive at the moment in the face of allegations that it is secretly cutting prices with the ambition of pricing some of the US shale producers out of business.
It is anticipated that a new global energy institution would be a small agency, given there would be no support for a new global bureaucracy in the US congress.
As well as agreeing to the new energy agenda, Australian officials expect that tomorrow morning’s session on energy will include a discussion on climate change.
The energy session is followed by a final session on future challenges, raising the possibility that the conclusion of the G20 could be derailed by a climate change discussion, with a number of nations keen to push back against the Abbott government’s reluctance to make it a central focus.
Climate change has featured in every G20 leaders’ meeting, and many leaders believe it could help to galvanise commitment ahead of the Paris COP 21 meeting next year.
However, the G20 requires a consensus of all members on the issues included in the communique. And although some members want it to go further than the United Nations process, others do not.