China pode resolver problema da Coreia do Norte “fácil e rapidamente”, diz Trump – Jornal O Popular
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Ron Paul told me this would happen…

Dr. Paul first laid out his theory in 2006, in a little-known speech, during an otherwise dull session of Congress. I think it’s his most important speech ever.

During the speech, Paul traced the history of the US dollar within the international financial system.

Crucially, he pointed out the one thing that would precipitate the US dollar’s collapse. Now that one thing is about to happen.

Here’s the most important part (emphasis mine):

The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.

In other words, we’ll know the dollar-centric monetary system is about to end when countries start trading oil for gold or its equivalent… not dollars.

Now—thanks to China—that’s about to happen in a very big way.

China recently announced a mechanism that will make it possible to trade oil for gold on a large scale for the first time in many decades.

This mechanism could undermine the petrodollar system—the system that’s supported the US dollar as the top global currency since the 1970s.

I call it China’s “Golden Alternative” to the petrodollar.

The petrodollar system is the reason foreign countries keep such large US dollar reserves.

Now China is set to hit the petrodollar with a mortal blow…

China’s Golden Alternative to the Petrodollar

Throughout history, every great power has had money that’s recognized around the world. Usually, these currencies have been tied to gold and silver.

Ancient Greece had the silver drachma. Rome had the silver denarius. The Islamic Caliphates had the gold dinar and the silver dirham. Venice had the gold ducat. Great Britain had the gold sovereign.

The United States used silver in its coins until 1964. And the dollar was under a pseudo-gold standard until 1971.

Now it’s China’s turn.

It’s no secret that China has been stashing away as much gold as it can.

Today, China is the world’s largest producer and buyer of gold. According to informed observers, China now has official reserves of over 160 million ounces. It also has 400 million ounces in the ground that it could potentially mine.

(The US, by contrast, claims it has official reserves of around 260 million ounces.)

China’s Golden Alternative is the reason it’s been stashing so much gold.

The Golden Alternative will allow anyone in the world to trade oil for gold. It will totally bypass the US dollar and the US financial system.

For many, it will be much more attractive than the petrodollar system.

The Golden Alternative is the beginning of the end of the international monetary system that has reigned since the early 1970s.

Here’s how it will work…

The Shanghai International Energy Exchange (INE) is about to launch a crude oil futures contract denominated in Chinese yuan. It will allow oil producers to sell their oil for yuan.

Of course, most oil producers don’t want a large reserve of yuan. China knows this.

That’s why China has explicitly linked the crude futures contract with the ability to convert yuan into physical gold through gold exchanges in Shanghai (the world’s largest physical gold market) and Hong Kong. The system won’t touch China’s official gold reserves.

Oil producers will have two ways to do this:

1. Immediately convert the yuan they receive from selling oil into physical gold at the spot price for immediate delivery.
2. Or, lock in the gold to be delivered at a future date for a fixed yuan price with a gold futures contract. This eliminates any uncertainty because of fluctuating prices.

Bottom line, it will allow oil producers to sell oil for gold. Producers will be able to completely bypass the petrodollar system and any restrictions/regulations/sanctions of the US financial system.

I recently spoke with the officials at the exchange. They told me they plan to go live with the INE crude contract before the end of the year.

China Wants Pricing Power

One of China’s key goals here is to reduce the dollar’s influence over oil pricing.

China is the world’s largest oil importer. Developing the new crude contract gives it some global pricing power.

Currently, most of the $1.7 trillion worth of oil traded each year is priced off of two US dollar-denominated crude benchmarks: West Texas Intermediate (WTI) and Brent.

Beijing thinks the yuan crude contract will reflect the market conditions in Asia better. It could become the most important oil benchmark in Asia.

The vice-chairman of the China Securities Regulatory Commission recently said:

The country will make crude oil futures the new starting point of opening up all futures markets…

And then, we will allow foreign players, whose enthusiasm is very high at present, to enter other futures markets, such as iron ore and PTA, when conditions are ripe.

In other words, oil is just the beginning.

Eventually, China plans to challenge the dollar’s dominance over all commodities.

PetroChina and Sinopec, two giant Chinese oil companies, will provide liquidity to the new yuan crude futures.

But non-Chinese companies will be welcome, too. The crude yuan future will be China’s first commodities futures contract open to foreign investors.

JPMorgan and UBS have already gained approval to trade. So have over 6,000 individual traders. It’s just a matter of time before the other big global players join.

Remember the big idea here… the new yuan crude futures contracts will be a huge hit to the petrodollar.

And it’s going to make a lot of money flood into gold—money that would have otherwise gone into the US dollar and US Treasuries.

“We Don’t Have a Country”

The breakdown of the petrodollar will cause a financial crisis.

Here’s how things will unravel…

The petrodollar system is one of the most powerful forces driving the US bond market. Oil producing countries accumulate hundreds of billions of US dollars in oil profits, which they recycle back into US Treasuries.

This keeps interest rates lower than they would be otherwise. It allows the US government to finance enormous deficits with debt at an artificially low cost.

If the petrodollar system unravels, interest rates will soar. (Interest rates are currently near historic lows.)

Even a small rate increase is a lethal threat to the US budget.

The US government currently needs over $400 billion from taxpayers just to pay the interest on its debt. Tax receipts are just over $2 trillion.

If interest rates rise…

• 1%, the government would need over $600 billion to pay the interest on its debt.
• 2%, it would need over $800 billion.
• 3%, it would need $1 trillion.
• 4%, it would need over $1.2 trillion, or over half of what it currently snatches from taxpayers—again, just to pay the interest.

Clearly, none of this is sustainable.

Trump was correct last year when he noted: “What happens if that interest rate goes up 2, 3, 4 points? We don’t have a country.”

In many ways, this could turn into President Trump’s financial 9/11.

The petrodollar system has allowed the US government and many Americans to live way beyond their means for decades.

The US takes this unique position for granted. But it will disappear once the petrodollar system breaks down.

When that happens, inflation could be severe.

This will likely be the tipping point…

Afterward, the US government will be desperate enough to implement capital controls, people controls, nationalization of retirement savings, and other forms of wealth confiscation.

I urge you to prepare for the economic and sociopolitical fallout while you still can. Expect bigger government, less freedom, shrinking prosperity… and possibly worse.

It’s probably not going to happen tomorrow. But it’s clear where this trend is headed.

It is very possible that one day soon, Americans will wake up to a new reality.

Recently, the people of two of Italy’s most prosperous regions voted in a referendum, on whether they wished to have greater autonomy from Rome. The referendum is non-binding, but that’s not what’s most significant in the results.

What is significant is that over 95% of those who voted in Lombardy did so in favour of greater autonomy. In Veneto, the number in favour of greater autonomy was even higher, at 98%.

Roberto Maroni, president of Lombardy, said, “I now have a commitment… to go to Rome and give concrete actualization to the mandate that millions of Lombards have given me.”

It may appear on the surface that Mister Maroni intends to make an appeal for independence, but this is not what will occur. He’s a politician and won’t invite Rome to jail him for sedition. His goal will instead be to demand that a greater amount of the national income that’s generated by Lombardy and Veneto (about 20% of the total) remains within those regions.

This will not mean that he wants his people to be taxed less; his goal will be to retain a larger portion to be absorbed by the regional governments—to be in his own hands.

So much for the politicians’ agenda. But what does the referendum say about the people of the regions? Well, the extraordinarily high numbers in favour of greater self-determination demonstrate that virtually all the people in the regions have figured out that Rome is bilking them of their earnings and they’re getting pretty cheesed off.

In prosperous times, a population tends not to complain too much about being robbed through taxation. They grumble a bit, but tolerate it. However, in more stringent times, when people are finding it more difficult to make ends meet, they become more resentful of governments that are chronically both overreaching and wasteful.

Since 2008, we’ve been living in such a time, and the longer people go on without a true recovery, the more resentful they’re going to be.

Independence movements have been afoot in many countries in Europe, every state in the USA, and elsewhere on the globe, but, until recently, they’ve been minor issues, attracting primarily fringe support.

Brexit changed all that, as the people of one of the illustrious G7 countries voted to remove themselves from the parasitical EU.

This, of course, inspired the voters of “lesser” countries to consider the possibility of independence more seriously.

Some of these movements have been efforts by largely dependent entities such as Scotland to express the resentment of being the poor step-sister to a more prosperous central government, but others have been the result of the growing resentment that the province or region that’s producing the lion’s share of the national revenue is routinely having it siphoned off by the central government.

It’s predictable that any regional political leader will like the idea of independence, so that he can create his own country and become its president. However, in the present environment, we’re seeing the peopleof Lombardy, Veneto, Kurdish Iraq, and Catalonia voting overwhelminglyin favour of either full separation, or at least, greater autonomy.

Of course, this can’t be tolerated by the central governments, as it means that they’ll be losing all that revenue and, in many cases, this would collapse their economy.

But, at present, we’re looking at only the thin end of the wedge. There are countless other provinces and regions out there that have a similar desire to secede, and justifiably so.

After all, much of Europe, until the last century or so, was not made up of large countries. It was made up of lots of little tribal areas that sometimes worked collectively. Even the Roman Empire began as a collection of provinces.

Whilst we, today, are accustomed to a world map that’s remained largely the same throughout our lifetimes, there’s actually nothing sacred in the borders that were drawn on maps decades ago, often by people who had never been to those locales (in the case of former colonies and conquered areas). The smaller, tribal areas made more sense and actually worked more in favour of the inhabitants.

But, since World War II, the world has been headed in the direction of über states. The Unites States had already led the way in the late 18th century, but in recent times, the EU was formed and repeatedly expanded. In addition, many organisations have joined groups of countries together (ASEAN, Mercosur, Caricom, etc.).

In each case, the über states were created without the expressed majority interest of the voters. (In EU countries, referenda were sometimes held, but, in no case did a majority of voters vote in favour of joining the EU. The leaders did it in spite of the lack of support.)

Invariably, the über states were created by the political leaders and for the political leaders.

Not surprisingly, in each case in which the people of a province, state, or region have expressed a desire to secede, the central government has forcefully opposed secession. (The Americans fought their civil war, not over slavery, but over secession.)

Today, states such as Texas, which have repeatedly stated both their right and interest in possible secession, have been advised that, if they make such an attempt, they’ll be met with whatever force is required to stop it.

In Catalonia, we’re watching a standoff build between the leaders in Barcelona and Madrid, as each event unfolds.

And Catalonia is a good example of a further reason for a central government to resist the departure of a province: Should Catalonia succeed, there’s the likelihood that the adjoining regions of Valencia and the Balearic Islands might also be inspired to make an exit from Spain, and for the very same reason—because they’re the revenue producers and are having Madrid siphon off their earnings, to be spent on less-productive regions.

Governments have had a long history of claiming, “If we don’t all stick together, we’ll be doomed.” However, historically, the aggressors, more often than not, have been the empires. The smaller a country, the more likely it is to mind its own business.

In addition, the smaller a country, the more closely its leaders are to their people and, correspondingly, the more responsive they are to the people’s needs and goals.

The great majority of the armed conflict that exists today exists either in the larger countries, or, more often, due to the aggression of larger countries.

Brexit has most certainly been the cause of a trend for smaller entities to get up the courage to back away from the parasitical central governments. The hope would be that this trend will expand dramatically.

There can be no doubt that there are those who believe in and are doing their utmost to create a New World Order (they’ve been stating their intent for over a hundred years). Yet, just as we seem to be moving headlong in this direction, a reversal has begun to take place at the same time.

There can be no doubt that the reversal will be resisted strenuously; however, as the voting described above attests, this is a ground-uptrend, not a government-generated trend, and, historically, strong ground-up trends have had a healthy track record of success.