Why is the MSM (Finally) Reporting on the Petrodollar?

06/01/201612 Comments


Bloomberg is trumpeting "The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret," but anyone who is scratching their heads at this non-revelation might well wonder 'Why Bloomberg?' and 'Why now?' Join James in today's Thought For The Day as he examines the latest volleys in the ongoing covert war between the Saudis and the US and the bigger picture of the battle for the global monetary system.

The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret

Saudi Arabia's Secret Holdings of U.S. Debt Are Suddenly a Big Deal

Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill

Can the US Treasury Market Absorb a $750 Billion Saudi Arabian Fire Sale?

U.S. Discloses Saudi Holdings of Treasuries for First Time

How Big Oil Conquered The World

GCC Oil Exporters and the Future of the Dollar

The U.S.-Saudi Arabian Joint Commission on Economic Cooperation

The Hidden Hand of American Hegemony

1996 Bilderberg Meeting Participant List

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  1. Cu Chulainn says:


    James, may i suggest you might broaden your perspective by following the work of Martin Armstrong (discussion above re. petrodollar)? he is far from infallible, and knows about as much about Marx as you seem to (at least you don’t talk about Marx!), but MA has the best track record of any market forecaster i know of.

    • eandriof says:

      I fully agree with your judgement on Martin Armstrong. He doesn’t just express outlandish forecasts, but supports them with historical data. Give him a chance, James. Even the Big Boys behind the curtain seem to care what he says.

  2. Mohawk Man says:

    James, interesting report and I do note this timing of these ridiculous “new reporting” by Bloomberg combined with the recent 28 page false flag event which may somehow be reported (although it’s probably crap) to the public in detail after certain revelations were made public by a couple of congress critters re the content of this these pages.

    Taken combined could this be a method they’ve chosen to run SA under the bus for 911 (or not) and foment war (which they clearly are with Putin and maybe China) to complete the PNAC project which includes a large portion of SA, Syria and Russia on it’s map that’d make this come to fruition.

    We know they have already started changing physical method of finalization physical methods and planning on electronic conveyance via ultimately a inserted chip in your hand (news reports from NBC last week liken to chipping your dog) for “safety” of course and the usual reasons “terrorists and bad actors of all stripes”.

    This was reported years ago by Aaron Russo in a meeting he allegedly had with one to the Rockefeller’s and is in a film ‘America-Freedom to Fascism’ which I am in possession of and it is available on U-Tube. It was regarding the 16th Amendment unconstitutionality (which I have verified to be true long ago) and the elimination of physical cash which calls are becoming louder and faster.

    In their arrogance, oh, it’s now being reported that Janet Yellen’s job will be eliminated as they will utilize AI to make all financial decisions going forward in terms of easing/tightening and money supply and velocity thereof. Sorry for the choppy sentence structure but I’m just free flow writing of these thoughts as they occur while I write this question and new issues arise. Will they attempt in their arrogance to go away from the petro-dollar and just continuation finalization merely by adjust i and increasing more computer code “cash” and velocity backed now by not anything even petroleum? (Just Berkeley,,Harvard, Frankfort School ” financial genius”)Their arrogance and stupidity leaves me breathless as they have really gotten events and left naked The Fed to criticism increasingly over the last year or so. A move to Global Currency would not require a Federal Reserve and maybe just one in Manhattan or Brussels would suffice for their dangerous game.

    This Globalization is all too real with even this Trotskyite Pope calling for a “World Government” (and I am Catholic as most of my people are). There are simultaneous collapse going on including now Brazil-Venezuela, The EU and we are next with a new Bolshevik finance manager (Brazil) and now austerity for their state with “reduced state spending”. This all and the recent movement of foreigners Sweden, Germany, USA etc suddenly brings me to this New World Order conclusion which they no longer hide.

    Is this the Fat Lady singing at the conclusion of their preparations? Could this be a part of the culmination of all of these events to bring this whole thing to an end?

    [SNIP – Please keep comments to 500 words or less. Longer comments can be split into multiple posts. -JC]

  3. HomeRemedySupply says:

    Thank you James!!!!

    This is a prolific resource.
    “Game of Thrones – The Recent Saudi Coup” – http://911blogger.com/news/2016-05-31/game-thrones-recent-saudi-coup

    It includes links to stories like Bloomberg’s “Eight unprecedented hours with “Mr. Everything,” Prince Mohammed bin Salman”.
    Also are links to oil price manipulation and, of course, Corbett within 911blogger threads and story entries.

    On this interview with Bob Graham, the EXTREMELY IMPORTANT question of “Why Now?” was asked.
    and again later other aspects are mentioned after Graham recites how the FBI told him to shut up…

    — Mentioned throughout the interview are different influences regarding the release of the 28 pages. Examples include: “Bob’s answer to ‘Why Now?'” / “Saudi influence” / “Oil and Energy influence” / “National Security influence” / “Self protection of the PR of Intelligence Agencies” / “Military and Arms Industry influence” / “Self protection of those who covered up 9/11” /

    I guess a person could make two lists. Those who benefit from the release and those who don’t.

    An “invisible” possibility of “Why Now?”
    One possibility, which is almost invisible, is that certain Saudi Royal Family members desire the release of the 28 pages. A motivation would be to “gain more power” within the Saudi hierarchy. Certainly, money to fund a media operation is not a problem.
    The release of the 28 pages would actually benefit some Royal Family Members, because it would destroy opposing “clans”.
    There is no lack of corruption and “behind closed doors” activity in Saudi land.
    In fact, it has been a “free for all” of activity with assorted Saudi Royals doing whatever they wanted…there are few checks and balances on their escapades. No real effective enforcement. Their system is not set up for it. It reminds me of the many rogue agency operations in the US multiplied by 100.

  4. phreedomphile says:

    Judging by an article published yesterday (5/31) in mega establishment meme leader The Wall Street Journal, the anticipated outcome of the unwinding of the petro states in the coming to us soon post-carbon era is going to be fully dissected, at least for the managerial class…and then eventually an expanded awareness moving wave-like over the rest. The WSJ piece specifically reports on the Saudis having to prepare for austerity as well as massive economic and cultural reforms in relatively short time frames (an embedded video states a weaning off of oil in as little as 4 years). In the article, there is no hint of tension between the US and the Saudis. On the contrary, there a sense of global cooperation and integration into the wider sphere with a specific mention of the powerful elite controlled General Electric doubling its Saudi personnel base and, working jointly with China’s Sinopec, facilitating the Saudi’s ambitious goals to develop new research and business models.


    Last week Bloomberg reported that Qatar raised $9 billion in Eurobonds in the biggest middle east bond sale to date. A month earlier it was Abu Dhabi selling $5 billion in Eurobonds and now the Saudis are launching a $15 billion bond sale, their first ever. Combine this with the WSJ article describing a push for privatization of publicly held assets and we see confirmation that the middle east petro states are being actively integrated into the new big paradigm. It’s also clear the keys to the new system are being handed over to the young highly educated sons of the reigning plutocracy, not just Prince Mohammed Bin Salman but others such as a young prince with a western earned PhD in geophysics and engineering fluent in Mandarin who is leading the development of new big technology projects in Asia to diversify KSA’s investment holdings.


    It appears the psy op of US butting heads with the Saudis narrative is unraveling and already the media is transitioning into a more truthful and nuanced narrative – or at least dipping its toe into another pool to test the water. At this point, how can they possibly hide the actions of the men behind curtain orchestrating the tectonic shifts taking place? They will be getting out ahead of the stories to control the framing. The thing is, the truth doesn’t need any artificial constructs, it just is. “There is no spoon.”

    For fun, here’s a link to a website that lists per capita oil consumption by nation. http://www.indexmundi.com/map/?v=91000 Any guesses on what the 2030 per capita targets are? Indications are by 2020 there will be a lot of squeezing going on.

  5. Ukdavec says:


    Thanks for this piece. I think you are quite correct to raise the question as to why this is being raised now. I think you are also quite correct to speculate on the relationship of this topic with changes to the global economic system.

    The following are links that contain some nuggets related to this topic – unfortunately some of them are dated and others contain spurious elements – however, there is enough in them to help identify and then join the dots, IMHO.



    The producer of the following video has produced a series of videos linking the petrodollar system to gold. Well worth checking out his entire series

    Gold and the Petrodollar


    When Gold and Silver Go Into Hiding


    Other useful videos

    The Petrodollar | War Machine


    Petrodollar Cycle & Realpolitik


    The Petro-dollar explained


    As regards Martin Armstrong, the description of someone who speaks a lot but says very little is quite apt for this chap. People with time on their hands would be better far directed to the archives of the Corbett report rather than Armstrong IMHO.

  6. tgmolitor says:

    Great analysis, James.
    Anyone care to comment on the Saudi gov.’s $3.5bn dollar investment in Uber?

    • HomeRemedySupply says:

      Saudi Arabia is going through a dynamic transition. Call it a Coup or call it a “quiet revolution”.

      HUGE Resource with many links about Oil, 9/11, etc.
      “Game of Thrones – The Recent Saudi Coup”

      Part of the new Saudi game plan is to diversify and wean itself off of oil revenue dependence.

      As Goldman Sachs coined the word “NEW OIL ORDER”, there is now a new era with that commodity (oil). http://www.goldmansachs.com/our-thinking/pages/the-new-oil-order/index.html?CID=PS_01_11_07_00_00_15_01&mkwid=7XJjxUBO

      My personal take is that commodities (oil, metals, foods, etc.) are listed on US exchanges with the agenda of “CONTROL”. If the elite want to control a segment, a resource, it will go on the exchanges. I have to chuckle about their covert CO2 agenda, but who knows when they will put H2O on the exchange.

      Oil prices are highly manipulated.
      The Fed plays a roll in manipulating oil prices. Even Yellen’s INTENTIONAL whispered hint about not raising rates during April’s “Yellen with past Fed chiefs Bernanke, Greenspan and Volcker” sent oil prices shooting up despite fundamentals showing a massive glut of oil. (It should be noted that an unprecedented number of oil companies were on the edge of bankruptcy with astounding mounds of debt & Wall Street Investment funds’ vested interest. Probably more than 1/2 trillion dollars on the line about to fall off a cliff. Compare that figure with Treasury holdings of Saudi Arabia)
      More about OIL PRICE MANIPULATION here – http://911blogger.com/news/2016-04-10/bob-graham-60-minutes#comment-263900

      An aspect of the “New Oil Order”…
      In the past, OPEC has been seen as the main driver is setting oil prices around the world. This is no longer true. It is now a myth. The advantage which some of these middle east countries have is that their cost of pulling oil out of the ground is comparatively low compared to other regions. (Maybe $5-$10 a barrel cost is some Saudi fields)
      However, the real “SWING PRODUCER” is now North America.
      With the availability of toxic fracking & newer oil extraction methods, the mega-growth of US oil production had boomed during the previous 5-6 years.
      The US had risen to be the top oil producing nation in the world. And few media articles point to Russia as #2…and of course, Russia has sanctions imposed upon them.
      So, it is a new flagship, a “New Oil Order”, and Saudi Arabia is trying to get off the boat.

      All of the many, many factors from Geo-Politics to Control to Money, really highlight Corbett’s famous “How Big Oil Conquered the World”.

      This recent Coup in Saudi Arabia is upsetting the apple cart for certain interests (both internally and foreign, such as the US).

      I also think that Saudi’s new IPO might pose a threat to many. After all, corporations are largely immune to some of the geo-political charades. How do “The Powers That Shouldn’t Be” control something like the Saudi IPO, because they can’t get a controlling financial hand into it except by media fluff.
      It is a “new oil order”.
      And, perhaps, Saudi Arabia’s new leadership is trying to break ranks with the “New World Order” in a complicated game of chess. I mean, really, a possible question might be: “How can a country survive? yet withdraw from being dominated?”

  7. HomeRemedySupply says:

    June 6 2016 News
    ZeroHedge as seen on OilPrice.com
    “Saudi Authorities Panic as Speculators Drive Currency Down”

    The article talks about the Petro-Dollar and how Saudi currency is pegged to the Dollar.
    The article also talks about the “indirect QE effect” of Saudi oil-treasury dealings.

    The Saudis tried to curb derivative speculation on their currency in January, but speculators found a way around that rule recently.

    Saudi Arabia is left with narrow, tough choices.

  8. subedi says:

    Does Saudi Arabia has control over its destiny? and oil and currency income from this?

  9. HomeRemedySupply says:

    Historical Record…

    Around Wed April 13, 2022, this episode was featured on the CorbettReport home page as a “FLASHBACK”…
    FLASHBACK: Why is the MSM (Finally) Reporting on the Petrodollar?

    As a reference: On February 24, 2022, Russia invaded Ukraine.

    On 4/5/2022, the CorbettReport featured…
    Interview 1717 – James Corbett on ESG and the Big Oil Conspiracy

    …and on 3/31/2022…
    Interview 1714 – Iain Davis on the New World Order and How to Oppose It
    Biden has warned that there is going to be a New World Order. Putin and Xi are writing joint statements about the creation of a New World Order. In fact, all of the globalists are interested in a New World Order.
    Today, Iain Davis of In-This-Together.com joins us to discuss the history of the “International Rules-Based Order,” reveal its “operating system” (technocracy), and discuss how we can fruitfully oppose it.

    …A Multi-polar New World Order is coming into view.

    • HomeRemedySupply says:

      Related to Interview 1714 – Iain Davis on the New World Order and How to Oppose It

      Thursday March 31, 2022 – Irina Slav (energy journalist and writer)
      OPEC just had enough

      [IEA The International Energy Agency is a Paris-based autonomous intergovernmental organisation established in the framework of the Organisation for Economic Co-operation and Development in 1974 in the wake of the 1973 oil crisis.]
      OPEC+ has replaced the International Energy Agency as its secondary source for member production data with Rystad Energy and Wood Mackenzie. The news, broken by Reuters, which quoted an unnamed source from OPEC+, was the latest in a string of signals that OPEC — which makes up the bigger part of OPEC+ — is done playing to a foreign tune…

      “First of all, I don’t care what the IEA or others say. We are part of an organization, an alliance called OPEC+,” Emirati energy minister Suhail al Mazrouei told S&P Global Commodity Insights at the Atlantic Council’s Global Energy Forum in Dubai this week.

      The assertion came in response to calls for higher oil output by the IEA and accusations that the UAE and Saudi Arabia were hurting the global economy by not deploying their spare capacity…

      …Let’s rewind now to the spring of 2021 and IEA’s “monumental” as one environmentalist think tank called it, roadmap to net zero. In that document, the IEA argued that investment in new oil and gas production would have to be ended by this year because the world won’t be needing so much oil and gas.

      Saudi Arabia’s energy minister Abdulaziz bin Salman promptly called the roadmap “La La Land”. His Qatari counterpart, Saad Sherida Al Kaabi, said the euphoria surrounding the energy transition was dangerous, adding “When you deprive the business from additional investments, you have big spikes.”…

      “I think in COP 26 all the producers felt they were uninvited and unwanted but now we are again superheroes, it’s not going to work like that,” the UAE’s Al Mazrouei said…

      …What’s more, it seems the cartel is coming closer together. Just like the West has been presenting a united front against Russia, OPEC is presenting an equally united front against, well, the West. Instead of ditching Russia, the de facto co-leader of the wider oil alliance, OPEC is signaling a determination to stay the course agreed with the newest geopolitical pariah at the inception of OPEC+…

      …Reuters source said. “They don’t want to hike oil output above plan in order not to show they are against Russia.”…

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