see, Judicial bankruptcy process
Too Big Not To Fail
time to call in the REAL "Attorney-at-Law"
According to Katusa, de Margerie was "a total liability" due to Total's involvement in plans to build an LNG plant on the Yamal Peninsula along with partner Novatek. The company was also seeking financing for a gas project in Russia despite Western sanctions.
"It planned to finance its share in the $27-billion Yamal project using euros, yuan, Russian rubles, and any other currency but U.S. dollars," Katusa writes, then entices the reader with this: "Did this direct threat to the petrodollar make this 'true friend of Russia'—as Putin called de Margerie - some very powerful and dangerous enemies amongst the power that be, whether in the French government, the EU, or the U.S.?"
That may be a stretch, but Katusa's U.S. dollar reference shows that any developments that point to a move away from the dominance of the greenback are not going un-noticed.
"If Russia’s 'pivot to Asia' results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies," Halligan wrote in May. "With China now the world’s biggest oil importer and the U.S. increasingly stressing domestic production, the days of dollar-priced energy, and therefore dollar-dominance, look numbered."
While no one is arguing that could happen anytime soon, considering the dollar remains the currency of choice for central banks, Halligan's proposition is gathering strength. In June, China agreed with Brazil on a $29 billion currency swap in an effort to promote the Chinese yuan as a reserve currency, and earlier this month, the Chinese and Russian central banks signed an agreement on yuan-ruble swaps to double trade between the two countries. Analysts says the $150 billion deal, one of 38 accords inked in Moscow, is a way for Russia to move away from U.S. dollar-dominated settlements.
"Taken alone, these actions do not mean the end of the dollar as the leading global reserve currency,” Jim Rickards, portfolio manager at West Shore Group and partner at Tangent Capital Partners, told CNBC.
“But taken in the context of many other actions around the world including Saudi Arabia's frustration with U.S. foreign policy toward Iran, and China's voracious appetite for gold, these actions are meaningful steps away from the dollar."
By Andrew Topf of Oilprice.com<
[sidebar: Right, Left, Middle, none knew about THE UNITED STATES OF AMERICA'S PETRO$ CRA$H. Right, Left, Middle, CORRUPTION.
When the JUSTICE is SUPREME INJUSTICE, we get what we got. The SUPREMES didn't give one iota about the U.S. Constitution or we would not be a failed nation state.
ARTISTS IN AMERICA?! We were ready to do the SILK ROAD with China and Russia? PLEASE OUR OWN ARTHUR DOVE WAS PRE-KANDINSKY.
What we have here are very dumb people in charge of SIMPLE CONTRACT LAW. The COMPLEXITIES are obvious: CRIMINAL FRAUD IS NOT ACCEPTABLE TO WORLD EARTH IN CENTURY 21. Get a grip in the reality zone, JURISPRUDENCE!
Time to hire people in America that can do "the maths"! 21 Century is NOT about to allow this cabal of thugs to continue despite the poisoned pool of USA "GOYIM" let to harvest as World War Petro$ Collapse!
.. to be continued ... ]