China’s New World Order: Gold-backed oil benchmark on the way

09/06/201732 Comments

China has announced a “new world order” for world oil markets that could have profound effects on the global economy and the monetary order itself. But as The Shanghai International Energy Exchange gears up for operation, it’s important to note yet again that this is another engineered conflict with the pre-determined death of the dollar system being used to bring in the new multipolar world order that the NWO has been openly working toward for decades.

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  1. Ukdavec says:

    Suggest a read of this report to understand some of the potential implications

    http://fftt-llc.com/files/fftt-newsletter-6-20-17.pdf

  2. Ukdavec says:

    This is also worthwhile – presentation and report to download.

    http://www.zerohedge.com/news/2017-02-09/grant-williams-death-petrodollar-and-what-comes-after

    The linked presentation – the “Nobody Cares” analysis is also worthwhile if you have the time available – it is still relevant IMHO.

  3. sissaly says:

    The commodity contracts are not pegged to gold, it is a floating exchange redeemable in gold, designed to build cofidence in the yuan and Chinese Market.

    China is on her way to becoming the future financial power.

    Martin Armstrong has international trading experience, he says the demise of the dollar comes when it goes UP. Only then will the world debt…mostly in dollars…will be crushed by a rising dollar,

    http://www.nationaldebtclocks.org/
    US Debt is at officially at 18 Trillion, world debt, in dollars is 65.2 trillion and the US is world reserve currency, so a crisis will unfold with a rising dollar and when that happens, China’s long term game of building confidence in their dollar and market will win them the world financial power, a role that has a cycle to it,just as England lost their status of Financial Empire to the Us Financial Empire, so too, we see our twilight years as the batton is passed to China, all in the cosmos is a cycle, the trick is to know where you are in the cycle so as to make right choices that result in success and satisfaction, conditions created by right choice. https://www.armstrongeconomics.com/markets-by-sector/energy/gold-oil-dollar/

  4. Nevertheless says:

    I know James is not so happy with China, saying that we may not want to be so happy they are taking over US hegemony in the world, but I do welcome China, I don’t see China in Africa and the ME pushing war, weapons and genocide.

    The point is America has been taken over by Zionists, so there is no such thing as worse, we are the worst possible, anything would be a vast improvement.

    • scpat says:

      So potentially living under communism will be better for everyone right?

      • Pablo de Boer says:

        China collaborates with the same NWO thugs as the US

        RICHARD ROCKEFELLER: “I’m Richard Rockefeller. I’m chair of the board of the Rockefeller Brothers fund. The sentiments that my grandfather and grandmother and actually other relatives of that generation had for China, very positive feelings for the country, passed through the generations to all of us. So China in a way wasn’t such an unfamiliar place to us as it might have felt for a lot of Americans.”

        (Source: De Rothschild Says China’s Growth a `Remarkable’ Story | Time Reference: 05:09)

        https://www.corbettreport.com/china-and-the-new-world-order-transcript/

        • Pablo de Boer says:

          INTERVIEWER: “What sort of a financial deal should Obama be seeking to strike when he travels to China next month?

          GEORGE SOROS: I think this would be the time because you really need to bring China into the creation of a new world order, financial world order.”

          (Source: Soros: China Must Be Part Of The New World Order | Time Reference: 06:02)

          INTERVIEWER: “Sir Evelyn what about the RMB situation you mentioned a so-called currency problem. Do you see the day in the next five years where it’s fully convertible and flexible.

          EVELYN DE ROTHSCHILD: Well you’re talking to a person who’s quite old. If I were around in five years I’d like to think that that is the case. I think we’ve all got to move towards that opportunity and I think the challenge also is whether we should move towards an international currency.”

          (Source: De Rothschild Says China’s Growth a `Remarkable’ Story | Time: 06:20)

          HENRY KISSINGER: “But they really are issues of the construction of a new world order, that’s what this is about, and that’s the sort of dialogue the Chinese are generally good at and so a partnership between us is central. A conflict between us is going to exhaust us both. In tactical exercises it cannot be conclusive.

          INTERVIEWER: And the New World Order could satisfy both?

          KISSINGER: It has to satisfy both because otherwise it will lead to tensions that will exhaust us both.”

          (Source: Henry Kissinger on China and the New World Order | Time Reference: 06:51)

          ZBIGNIEW BRZEZINSKI: “One has to give credit to President Nixon’s and Henry Kissinger’s initiative. They broke the ice, they did, but they confronted a residue of suspicion, and that suspicion was mutual and grievances were also mutual and it really took time for the relationship to become more normal, more predictable, and eventually what we accomplished was that they came in fact, open and full comprehensive and in fact initiated a kind of secret collaboration or even perhaps you could call it an alliance.”

          (Source: Zbigniew Brzezinski on China | Time Reference: 07:30)

          All crdits are for señor James and Corbett Report listener Tezla.

          • scpat says:

            “HENRY KISSINGER: “But they really are issues of the construction of a new world order, that’s what this is about, and that’s the sort of dialogue the Chinese are generally good at and so a partnership between us is central. A conflict between us is going to exhaust us both. In tactical exercises it cannot be conclusive.”

            Do you believe that China working on a plan to isolate the US from oil business is “China and the US working together” toward a new world order? Wouldn’t this be considered a conflict? Perhaps that is the plan at the very top of the pyramid, but it certainly isn’t in the US’s best interest.

            • Pablo de Boer says:

              This kind of tricks benefits only the greater good of the establishment, thus that is only in the best interest of the globkaki aka the top of the global pyramid and nobody else

            • Pablo de Boer says:

              Hola aloha scapt,

              The US their Northern Fascist Socialist Neighbors, Canadians, most of them are walking zombies aka socialist servants of an evil illegal state with their dictator Justin Fake Smile Trudeau and which is founded on stolen native soil just like the US of A. The US of A is also such a dictatorship like Canada and where most inhabitants think they live in the land of the free and the home of the brave, even when their newest dictator filled the political swamp with fake tweets & warmongering generals & banksters just like his predecessor Obomber also did and all Obomber his predecessor did the same tooooooooooo (only they used not fake tweets, but other fake messages). See also during the elections how a huge amount of Americanas & Americanos behave and act submissively and obediently towards their cruel future leaders. I live now in Holland and Holland is a member of the EU, this union is also a fascist socialist government aka Nazism 2.0.

              Is this a typical western disease, no no no, because the Bolivarian Revolution which is an ongoing leftist political process in Venezuela which was first led by the former Venezuelan president Hugo Chávez, the founder of the Fifth Republic Movement and later the United Socialist Party of Venezuela. Chavez named his revolution after Simon Bolivar and a lot of people don’t know that Simon Bolivar was a Freemason just like the founding fathers of the US of A. that’s why both countries to find them self in inhumane situations. These problems are being created by the global kakistocracy as part of their Hegelian tactics. Inhabitants in these two nations are reacting now, which is the second part of the Hegelian tactics. And who will present a solution as usual!!!!!!!!!!!!!!!!!!

              One of Chavez (RIP) buddies is the present Bolivian socialist dictator Evo Morales, who has deep links and ties with the Vatican and Evo’s Bolivian ‘Communist Crucifix’ gift tells me enough.

              Pope Francis praises reforms of Evo Morales on arrival in Bolivia

              (Ps. See the first picture of this article, where the pope is depicted as the sun king (the feathers behind him are sun rays, a typical Freemason symbolism and also used in Christian art)
              http://www.catholicherald.co.uk/news/2015/07/09/pope-francis-praises-reforms-of-evo-morales-on-arrival-in-bolivia/

              The philosopher Friedrich Nietzsche on Christianity and socialism:

              “The Judeo-Christian tradition says this is a world of sin, in which the weak suffer at the hands of the strong; that we should all be selfless and serve God and others.”

              and

              “The Marxist socialist tradition says this is a world of evil exploitation, in which the strong take advantage of the weak. But we should all be selfless and sacrifice for the good of others, especially the needy”

              For my person, Pablo, both views of our world have much in common and that’s why both are evil and harmful towards the majority humanity and these ideologies will serve and benefit only the globkaki (global kakistocracy). See our history and the present day as good examples, that’s why it surprise me, that history until today always repeats itself. That’s one of the many reason why I’m not a religious and also not a an atheist, because there is always an third option and that is!!!!!!!!!!!!!!! Search and investigate self and never depend on others.

    • PeaceFroggs says:

      Nevertheless,

      I too don’t see China pushing war(s) and genocide, and the fact they’re looking for a gold/oil backed world reserve currency seems like a well balanced pragmatic transitional approach. Not one that seeks to dethrone the US dollar per sey, but rather a “new” Order of nations that is more inclusive, instead of the current monolithic one led by the US.

      I always preferred knights of the round table, where everyone has a say, to that of a feudalistic King.

      Regarding your point that America has been taken over by “Zionists”, I believe the point James was making is that regardless what shape the “new” NWO morphs into in the near future, it will continue to be run by the same people/institutions, like the IMF and World Bank. In other words, the more things change, the more they stay the same kinda deal.

      Well, let’s compare the quality of life of the common everyday people living in China or India a 100 years ago, to that of todays generation, and then tell me that their quality of life hasn’t improved. Of course it has, therefore we can assume that Central banks, social programs mixed with regulated capitalism isn’t all bad.

      What I’d argue against, is that although the “Zionists” are in positions of power and influence, especially in the US Congress, I’d say they aren’t “all” powerful. Think about it, if the “Zionists” were in absolute control of not only the US but the world, then why are they so afraid of movements like the BDS movement?

      Something else to consider, is that Orders of the World or World Orders, have existed since before the days of the Roman Empire. This New World Order concept isn’t a new one, and since we know that Zionism is a political movement that is 150 years old, and given that Israel was only created in 1948, then I think its safe to say that the Zionists aren’t in control of the World.

      But for the sake of the argument, let’s say that the “Zionists” are in absolute control, then wouldn’t a “new” more inclusive Order, one that replaces the Zionist lead warmongering American NWO, be a better option than the one we are currently under? Which I believe is the point you made and that agree with.

      What’s the alternative? Great Wall of America, with continued empirical wars for US hegemony? Make America Great Again? Man, if that’s the future of America and the world, then am I glad I’m in my 40’s.

      • sissaly says:

        Yes, the NWO/Zionist is another god/devil, or daddy/mommy, or angel/demon saint/sinner democrat/republican, left/right. Somebody is in charge and directing things.

        I do not think so. Like religion, and government, this is a false belief.

        The Chinesse think cyclically.

        In the West we tend to have linear thinking.

        Looking at nature it is easy to observe a cycle to everything in the cosmos, what stays the same is Individual Behavior and that is where understanding of Natural Law creates a condition of success and satisfaction, and ignorance of Natural Law creates a condition of suffering.

        People are social and tend to act in herds, mindlessly, and this can be taken advantage of by cunning predators, and it would be foolish to believe there are not human predators, as in nature, their population is low and their behavior is easy to observe with some education about right and wrong.

        The solution is education and understanding of the Law, Richard Maybury describes it in his book What ever Happened to Justice, the Law is a Do and a Do not for the individual, simple

        Do all you have agreed to do
        Do not encroach on other persons or their property.

        With that said, China is preparing for the Fall of the West as a Financial Power, their basic understanding of cycles gives them an edge, what we in the west need to do, those who recognize and live by the Non aggression Principle under the law is to take advantage of the collapse in the Fed. Gov. because it is inevitable, when that happens, we Reduce the Power of the Predator for the next cycle by adding some new Rights we have discovered we had and limiting the predatory class by:

        1 Term Limits for Politicians and bureaucracy.
        2. 3 Year expiration date to all man made laws.
        3. No Pensions for Politicians or government bureaucracy
        4. Prohibit Lobbying
        5. Prohibit Federal Government Borrowing
        6. Constitutional Amendment that defines Individual Property prohibiting Government Taxation
        7.Return the Federal Central Banks to its original charter of a banker of last resorts for bank runs to other banks, and to loan cheap money that is paid back in a 4 year time frame to corporations and small business during the downturn in the business cycle so they do not lay off workers. The charter was changed in 1918, 1933 and 1972 to progressivly purchase and loan money to the federal government to fund their wars and social engineering, this is the crisis we are in and the Government is destroying wealth through taxation creating very hungry and unhappy people.
        8. When the TBill Bubble pops, the largest holders are Social Security Fund, so there will need to be a Debt to Equity Swap and the SSFund needs to be changed from a ponzi scheme to a voluntary investment fund for a large group of people to create real wealth through long term investment.
        9.The government can pay for itself with a 3%to5% money inflation to GDP

        Wont happen till there is blood in the streets, and that will be a very short period of time. so we need to be prepared so we can create another Golden Age at the end of this instead of go into another Dark age.

        • PeaceFroggs says:

          sissaly,

          1. Term Limits for Politicians and bureaucracy. — they already exist.

          2. 3 Year expiration date to all man made laws. — not sure about this one.

          3. No Pensions for Politicians or government bureaucracy. — why? They work on our behalf…what, you gonna take a soldiers/cops/firefighters pension away too?

          4. Prohibit Lobbying –prohibit? Impossible, instead regulate.

          5. Prohibit Federal Government Borrowing — Not a good idea, governments needs to allocate funds for social services and/or unexpected unforeseen events.

          6. Constitutional Amendment that defines Individual Property prohibiting Government Taxation — again, not a good idea, we need to have government own lands to protect wildlife (keep in mind we are the government), and also land like natural parks, forestry, fishery and oceans.

          7.Return the Federal Central Banks to its original charter of a banker of last resorts for bank runs to other banks, and to loan cheap money that is paid back in a 4 year time frame to corporations and small business during the downturn in the business cycle so they do not lay off workers. The charter was changed in 1918, 1933 and 1972 to progressively purchase and loan money to the federal government to fund their wars and social engineering, this is the crisis we are in and the Government is destroying wealth through taxation creating very hungry and unhappy people.

          — Central banks help prevent civil wars, however derivatives should be either done away with altogether or heavily regulated, and Glass–Steagall legislation should be reimplemented.

          8. When the TBill Bubble pops, the largest holders are Social Security Fund, so there will need to be a Debt to Equity Swap and the SSFund needs to be changed from a ponzi scheme to a voluntary investment fund for a large group of people to create real wealth through long term investment.

          — you lost me here, as long as there are people in the workforce paying into social security, then you need not worry. Besides, most of the baby boomer’s that are currently sucking up most of the Social Security fund will be gone within the next 15 to 20 years. Social security is will thrive again soon, plus more and more people are saving on top of social security, lessening the burden.

          9.The government can pay for itself with a 3% to 5% money inflation to GDP

          — Sure, I consider myself a socialist, but even I have to agree that whether it be State or Federal government jobs, wages increases should not be left to a vote especially when they are the ones doing the voting! Of course they are going to vote themselves a raise. You know something is wrong when minimum wage is $7/hr for everybody else, but somehow Federal/State employees earn an average of $110 000/year.

          • HomeRemedySupply says:

            I gotta laugh…
            I guess the socialist solution is for everyone to have a government job and earn an average of $110,000/year.

            Yea, everyone works for the government, except for suckers like me who end up trying to support the government at $7 per hour. No wonder I feel tired all the time.

            • PeaceFroggs says:

              Laugh or cry, take your pick, but that’s the reality for most socialist countries.

              Much like how US politicians/senators get to have first grade health coverage with a kick ass pensions, meanwhile the average American works his entire life paying through the nose just to have basic health coverage (if any at all) and a meager pension.

              Ha, guess America is a socialist country after all, but without Universal Health Care.

  5. mkey says:

    The problem with China and these so called new deals is that the same key players are in the background, running the show.

    We need to rid ourselves of this left right/east west false paradigm and see right through it, as if we were looking through the most transparent glass.

  6. HomeRemedySupply says:

    I love it when Corbett discusses money and geopolitics.
    Profound.

  7. mackeene says:

    Do you think this was planned since 1988? The Economist magazine predicted this in 1988! https://youtu.be/A8HmYsA1zS4
    Author Sutton stated that wall st was behind communism taking over in the USSR. So perhaps USSR and China are being steered to take over because the elite want global communism under UN? Gorbachev is a member of club of rome, CFR, behind UN green agenda. Supposedly communism never fell in russia, but it was a ruse so world would accept russia. They are putting statues of stalin back up in russia.

  8. PeaceFroggs says:

    Key take away #1 — “…the NWO has been openly working toward for decades”

    — “Openly”, in other words, it’s not a secret, they weren’t keeping it hidden from the public.

    Key take away #2 — China sees new world order with oil benchmark backed by gold

    — My personal opinion is that this New NWO is good for the world (a new Bretton Woods V2.0 if you will), but may not be so good for America in the short term. However, if countries help alleviate the economic impact this will no doubtingly have on the US dollar and therefore the US economy, in the long run, this will be good for the US as well. (Less wars for Oil and US dollar hegemony)

    Anything backed by gold is more stable, especially when it comes to inflation.

  9. scpat says:

    A passage from The demise of the dollar article that I think is relevant in China’s ability to leverage other countries to get on-board with their oil plan:

    “Furthermore, Chinese exports to the region now account for no fewer than 10 per cent of the imports of every country in the Middle East, including a huge range of products from cars to weapon systems, food, clothes, even dolls.”

    It is in those key middle eastern countries’ interest to play ball with China not only because they can avoid US sanctions, but also because China plays a significant role in the imports they need. Can’t forget about those dolls, need them too.

    http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

  10. Pablo de Boer says:

    Facial Recognition Has Become A Reality! – China’s Technocratic Order
    https://www.youtube.com/watch?v=aZG1UnkpQ8I

  11. HomeRemedySupply says:

    Personally, I question the quantity of gold reserves in the U.S.

    Over the past few years, I have read quite a few mainstream articles about China building their gold reserves (and silver too).
    Here is one article from Investopedia.
    http://www.investopedia.com/articles/markets/081316/why-china-buying-gold-rapid-pace-bcs.asp

    EXCERPTS
    If China really wants to use gold to help gain independence from the U.S. dollar — China was the largest holder of U.S. government debt as of August 2016 — it still has a long way to go. Even after all of its gold activity, China is not even in the top five nations in terms of official gold reserves. The Federal Reserve holds between seven and eight times as much gold. China may have a lot of gold off of the books, but probably not enough to fill the 7,000-tonne gap between it and the United States.

    Government Paper Not Generating Returns
    China would rather not house a trillion dollars of U.S. government paper — a proposition that likely means losing value to inflation most years. Gold is one means through which all types of investors, even central banks, hedge against inflation when interest rates are very low. As the Official Monetary and Financial Institutions Forum reported in 2016, “Gold has become increasingly attractive as an alternative to reserve currencies.”

    …By mid-2016, there was more than $10 trillion of sovereign debt with negative yields.

    China Stockpiling Silver Too
    Gold is not the only precious metal drawing Chinese interest. Silver inventories at the Shanghai Futures Exchange (SHFE) more than septupled between August 2015 and April 2016, from 233 tonnes to 1,706 tonnes. The SHFE added almost as much silver in eight months as the JP Morgan Comex Silver, the largest bullion bank for silver in the world, added between April 2012 and April 2016.

  12. nosoapradio says:

    It’s kind of unnerving to see everything playing out precisely as we’ve all been predicting for the last 10 years… step by seemingly unrelated step…

    As many helplessly watched Hussein and Ghadaffi go down aware of the petro-dollar motivations behind zionist-controlled America’s treacherous widespread murder in those countries…

    clearly China was the chosen one, groomed long ago to effect this paradigm changer

    keeping power within the hands of those who groomed her…

    and out of the hands of ambitious upstarts in the middle east

    But it makes me curious as to what went down with DSK… who was tooting the horn of SDRs and imminent petro-dollar obsolescence…

    DSK who subsequently went on enterprisingly starting his own investment company with Franco-Israeli Thierry Leyne facilitating Russian liquidity and opening central banks in South Sudan…

    before his partner was seized by debt and suicidal tendencies choosing a popular method among bankers…

    Now DSK’s trying to fix Tunisia’s economy thanks to his personal Casablanca-based company Parnasse International…

    Some fascinating background from John Helmer’s (2015?) “Dances with Bears: Victor Pinchuk hires Dominique Strauss Kahn”:

    “…Strauss Kahn has been losing large amounts of money in the courts of the US, France, and Luxembourg, as well as in his French businesses. He has been recouping by taking retainers as an arranger for the French investment firm Arjil-Atrium Capital; a promoter for the National Credit Bank of South Sudan; and board director for two Russian state-controlled entities, the Rosneft-owned Russian Regional Development Bank, and the Russian Direct Investment Fund.

    …“In response to IMF encouragement, the Bank of South Sudan harmonized the official and parallel exchange rates of the South Sudanese Pound on November 11, 2013, but repealed the decree on November 13 under pressure from the National Legislative Assembly, many of whose members reportedly benefit directly from the existence of parallel rates.”

    …The collapse of the oil price has been catastrophic for almost everyone in the 8-million population of South Sudan. But not for the bankers Strauss-Kahn is advising. “South Sudan’s financial sector,” reports The Sentry “while in its infancy, has expanded significantly in recent years. Financial institutions have proliferated, and by November 2013 there were at least 28 licensed commercial banks which the IMF estimated hold 97% of capital. These 28 banks include many foreign banks. The availability of banking services has reportedly reduced the difficulties of servicing illicit financial transfers as it grants facilitators greater access to the larger financial system outside South Sudan. Bulk cash couriers are giving way to faster and safer wire transfers, available to some without the required disclosures or paperwork. In addition, some banks, as seen in board of directors lists, may be influenced by elite interests.”

    …At Rosneft, the company itself and Sechin the chief executive, are under US sanctions, and insiders say both company and bank are facing great difficulty raising finance. The bank is not under formal sanctions. RRDB was asked this week to say whether Strauss-Kahn’s new employment by Pinchuk at Credit Dnepr bank represents a conflict, and whether Sechin and the bank continue to have confidence in Strauss-Kahn. The bank refused to reply…
    The Russian Direct Investment Fund was asked the same questions. It also refused to reply…”

    DSK sure is a relient guy and seems to be doing just fine after all…

  13. HomeRemedySupply says:

    Sept 12, 2017 NEWS (very interesting)
    Unknown Oil & Gas Deal Just Changed The Global Energy Balance
    http://oilprice.com/Energy/Oil-Prices/Unknown-Oil-Gas-Deal-Just-Changed-The-Global-Energy-Balance.html

    EXCERPTS
    One of the biggest energy stories this year has been Russia’s Rosneft buying India’s Essar Oil — giving the Russian company a firm grip on one of the world’s biggest emerging oil and gas markets.

    And this past week, that story got more complex. With Rosneft striking another big deal — drawing in another heavyweight energy nation.
    China. (…to acquire a 14.16 percent stake in Rosneft.)

    Rosneft announced Friday it is selling a significant chunk of its equity to Chinese investors. In this case, little-know exploration and production firm CEFC China Energy.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    …But there are implications well beyond these two countries. With China now having backdoor access into markets like India — through Rosneft’s recently-acquired holdings in that country.

    An intriguing side note to the story: CEFC is buying the Rosneft stake from Glencore, and Qatar’s sovereign wealth fund. Who reportedly purchased the interest just nine months ago — for $12 billion.

    That means these holders are taking a 25% loss on the sale, less than a year after buying in. But in the meantime, Glencore was able to strike a lucrative deal to trade Rosneft’s Russian crude — probably making up for the losses on the Rosneft equity, and then some.

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