Russia And Saudi Arabia Sign Six Deals, Agree To A Petroleum Alliance

Notable reader comment:   With the petro – dollar as good as lost It’s only a matter of time, rather sooner than later, to realize that the dollar is in fact a walking dead in mid to short-term prospect. The world faces grim paths to follow: one implying US triggering a nuke carnage or Financial Mother Nature striking first with a full scale financial collapse to bring down dollar before the US starts the massacre.

It’s becoming increasingly clear that most of the developed world is becoming fatigued from the thoroughly corrupt United States.  The latest hallmark of this is the series of economic and political agreements between Russia and Saudi Arabia, the number 1 and number 2 largest oil producers in the world.  27% of the worlds oil supply is produced between the two countries.

Russia and Saudi Arabia signed six new cooperation deals last Thursday in an event that signifies a reversal of Saudi Arabia’s relationship with Russia under its new king.  The six new cooperation agreements will advance the relationship between the two countries in all areas of commerce and included the areas of  military and nuclear activities.

Perhaps most significant was statement from Saudi Arabia’s oil minister, Ali al-Naimi, who issued a statement about advancing the cooperation between Saudi Arabia and Russia in the oil market:

This, in turn, will lead to creating a petroleum alliance between the two countries for the benefit of the international oil market as well as producing countries and stabilizing and improving the market.

This is highly significant because Naimi is considered to be the second most powerful person in Saudi Arabia next to the King.  In my opinion, the advancement of the relationship between Russia and Saudi Arabia further isolates the United States from the rest of the world outside of Europe.  More important, it delivers another blow to the petro-dollar.

You can read the rest of this news report here:  Russia/Saudi Arabia Ink Six New Deals

While the U.S. “fiddles” militarily all over the globe, wasting trillions on the its mythological “war on terror” in an effort to maintain a grip on its world superpower status, the rest of the developed world is working on re-setting the global “chess board.”  The cornestone of this strategy involved moving away from the U.S. dollar’s reserve status.  I just hope the world can figure out how to remove the fuse from the United States’ nuclear capabilities…

8 thoughts on “Russia And Saudi Arabia Sign Six Deals, Agree To A Petroleum Alliance

  1. With petro – dollar as good as lost It’s only a matter of time, rather sooner than later, to realize that the dollar is in fact a walking dead in mid to short-term prospect. The world faces grim paths to follow: one implying US triggering a nuke carnage or Financial Mother Nature striking first with a full scale financial collapse to bring down dollar before the US starts the massacre.

  2. “I just hope the world can figure out how to remove the fuse from the United States’ nuclear capabilities…”

    Yeah but let’s keep North Korea nuclear armed and China because they’re so democratic and responsible.

  3. After a quick check at ino.com, I see the flight from the US long bonds resuming after the weekend pause:
    30yr Bond 149.71875 -2.18750pts. -1.44 percent
    10yr Note 125.750000 -0.828125pts. -0.65percent

    But not without a commensurate and appropriate plan by the US creditors: http://thebricspost.com/brics-bank-to-commence-business-on-7-july/#.VYhMLEY0Nko
    After Christine Lagarde’s recent speech peppered with references to cycles and chronological 7 this and 7 that, here we have this on the 7th day of the 7th month.

    And why not have a circulating (albeit limited mintage) silver coin to commemorate the event? http://thebricspost.com/russia-mints-coin-to-commemorate-brics-summit/#.VYhOh0Y0Nko

    But this short op-ed reminds us that the IMF still emits a provocative fart:
    http://russia-insider.com/en/imf-us-political-tool-tough-greece-coddle-ukraine/ri8203 By Zerohedge

    1. Someone who bought my research on MDW last fall asked me that this a.m. This was my answer:

      “One of two mistakes I’ve made in 15 years of doing this sector. Management apparently f*cked up and/or the firm that did the 43-101 resource testing produced somewhat fraudulent results. I would move on if I were you.”

      Interestingly, the first mistake was because I trusted the research and “connections” of someone who is a somewhat well followed metals writer, although his work is more babble than substance.

      Midway probably had something but the management made a lot of errors. As I said, I’d move on.

  4. Looks like it is time for ISIS (otherwise known as Saddam’s army under the tutelage of Izzat al-Douri) to attack the Saudis, what goes around comes around. The Saudis had to be totally out of it to think they could attack the Dulaimi tribe and get away with it for ever. Hang their leaders car bomb their cities, get the US to do their dirty for them at some point this stops. At some point the US falls out with the duplicitous Saudis and the Dulaimis get their hands on the modern firepower and hey presto Saudia goes u p like a torch and all the bank accounts get burnt.

    From the Shah ($80 b nearly forty years ago, think of that in todays money) to Libya et al the war in the Middle East has always been a war against bank accounts. The Saudis maintain huge interest free accounts with all the banks (for religious reasons ? duh, Saudis religious ?) but even that is not going to protect them against this.

    Head chopping time in the kingdom of head choppers with the Dulaimis wielding the axe.

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