DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil

by | May 16, 2018 | Commodities, Headline News | 35 comments

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    The dollar’s collapse is nearing.  The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating United States dollar transactions.

    Just one more nail to the US dollar’s coffin.  Its collapse is all but imminent at this point. The EU has successfully found a way to scoff at potential future sanctions on Iran by openly defying the US; and as an “added bonus,” they’ve helped seal the dollar’s fate.  According to RT, a diplomatic source with the EU has told a news outlet of the decision.  “I’m privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran,” said the diplomatic source. 

    Brussels has been at odds with Washington over the US’s decision to withdrawal from the Iran nuclear deal, which was reached during the administration of Barack Obama. President Donald Trump has pledged to re-impose sanctions against the Islamic Republic as soon as he is able to do so. The Trump administration also has had plans to topple the current regime in Iran, according to leaked documents, and it looks like they’ve just given themselves the go-ahead:

    The Washington Free Beacon has obtained a three-page white paper being circulated among National Security Council officials with drafted plans tospark regime change in Iran, following the US exit from the Obama-era nuclear deal and the re-imposition of tough sanctions aimed at toppling the Iranian regime.

    The plan, authored by the Security Studies Group, or SSG, a national security think-tank that has close ties to senior White House national security officials, including – who else – National Security Adviser John Bolton, seeks to reshape longstanding American foreign policy toward Iran by emphasizing an explicit policy of regime change, something the Obama administration opposed when popular protests gripped Iran in 2009, writes the Free Beacon, which obtained a leaked copy of the circulating plans. –Zerohedge

    However, it in the process, it is highly likely that the US dollar will collapse as nations distance themselves from the United States’ often disastrous foreign policies.  As RT reported, dozens of contracts signed between European businesses and the Islamic Republic could be at risk of cancellation if Brussels obeys Washington’s sanctions. This would damage Iran’s economy and European firms would lose a huge market in the Middle East. Switching to alternative settlement currencies allows both sides to continue trading despite US sanctions and will damage the dollar in the process. 

    Earlier this week, EU foreign policy chief Federica Mogherini said that the foreign ministers of the UK, France, Germany, and Iran had agreed to work out practical solutions in response to Washington’s move in the next few weeks. The bloc is reportedly planning to maintain and deepen economic ties with Iran, including in the area of oil and gas supplies.


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      1. Tick Tock, USD. Time’s up.
        All empires fall. We’re next.
        Hope you’ve prepped.

        • second that sentiment and the usa will fall faster as the ability to affect change is so much faster.


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        • “The dollar’s collapse is nearing. ”

          LMFAO !!! NOT GONNA HAPPEN !!! 🙂

          The US still has the largest economy in the world. Americans and American companies will be using the dollar until the US Military is destroyed and the NWO Western Banking has collapsed with NO BAILOUT by Nuclear war, EMP, Pole Shift, or Nibiru passing.

          Europe will use the Euro for purchases of Iranian oil. Big deal, all that does is help support the EURO to stabilize when it was in danger of becoming a third world currency. It remains to be seen whether Iran will be able to export much oil & gas under new sanctions while American & Israeli companies supply more and more oil & gas to Europe.

          The world is still awash in oil, alternative fuels are taking a larger share of the market, and new energy technology is on the horizon that will make current technology obsolete. That is why the US is moving to develop all of its carbon energy sources.

          Then there is the widening military conflict in the Middle East that Iran cannot win against the USA, its allies, SA, and Israel.

          The BIBLE is very specific, despite all of the rhetoric about Europe disintegrating; the EU must grow stronger as the AntiChrist comes from Europe. The EU Military must grow stronger also or rely upon the USA for its defense, which though still a given, requires Europe to defend itself too.

          The dollar will be KING when the markets collapse as I have described. If for any reason the US must “replace” the current dollar, it will print new money and designate its value until digital, blockchain technology catches up with demand.

          If and when the dollar “dies” it will mean: The KING IS DEAD. LONG LIVE THE KING !!!” 🙂

          • It already collapsed.
            One dollar buys nothing. Ten dollars won’t even buy a decent meal.
            Jay Powell and his Fed flunkies could not manage a lemonade stand.
            Fiat currency backed by nothing never stands the test of time. Never has, never will.
            We are at the end of the fiat system.

            • “We are at the end of the fiat system.”

              NO.NOT YET.

              While I recognize that HISTORICALLY, currencies have vacillated between fiat and gold and silver backed money, (meaning it is fully redeemable at the banks without a transaction or brokerage fee & commonly accepted in the marketplace). Financial Technology changes all of that. I believe it is premature to burn your paper notes; by a long shot.

              The reason is very simple. Governments control their currencies which are used to facilitate and tax commerce: the things you buy and sell, with their economy. Gold and silver are burdensome for many reasons UNTIL digital, blockchain technology is perfected simultaneously with quantum computers. And that development gets closer day by day.

              At that time, everyone will have digital accounts and every transaction will be conducted with some form of fintech. Whether that digital money will be backed by metals is debatable, but not likely, as the moneychangers who control currencies handsomely PROFIT from metal sales. Why remove a source of income and profits from trading ???

              At that point, with total control of all of your money, wealth, data, and identity, you will PRAY, not wish, PRAY for the good ole days of fiat paper where you could conduct your business with SOME privacy.

              And over time, it will be easier for the PTB to control inflation and deflation digitally, but your digital dollars will likely average two to three percent inflation anyway; because that is a basic element in their system. The “HOUSE” always wins.

              That’s the coming reality, like it or not. 🙂

      2. Good, let’s move out of Europe, taking our military and all of the associated hardware as we leave. Then render the bases worthless and unusable. Let them fend for themselves as they collapse under the raghead invasion, as their women and daughters are raped and assaulted, and their cities become cesspools. The US is increasingly being accused of forcing our will on Europe, screw Europe.

        • Exactly!!!!!

          • Michael, as you know it was the West and the Cabal who started these WARS in these rag head countries and created mass migration, fleeing the country side to safer havens throughout Europe. The US Created this mess, Hillary Clinton and Obama went into Libya, destabilized the country and then the Government collapsed that helped hold in these Muzzy renegades, who by the millions poured out of Libya on ships when the government collapsed, and were dropped off in Greece and any place then could hit dry land and they spread like Locusts heading to the buffet line.

            And the LEFTY jokers on the other in EU who are part of this Migration invasion scam opened up favorable sanctuary cities to welcome them in like Chancellor Merkle. How many Muslims went to IsraeHell? Did NUTJOBandYahoo welcome them in with sanctuary cities? That right there tells you (((WHO))) was behind this destabilization scam. This is all part of the Nation Destroying scam.

            So when you say, Good let them be invaded by Muslims, Uh Michael the US instigated that mess. Get the facts before you open your apple pie hole.

            • Guess again! These rag heads as you both call them have been at war with the east for 1600 years. The problem now is liberals are to stupid to see this.

            • Now, now… You know that’s not the narrative. Merkans can’t deal with reality. What you just said will make their heads hurt.

      3. It is going to prove very interesting when the dollar loses its reserve currency status. No great power has long lasted when its means of exchange is debased and riven by debt.

      4. Yes…..3 generations since WWII. They’ve descended into immoral, spoiled, socialist losers. Let the Moosies take over, impose sharia, and enslave the metro-sexual sheep. They deserve everything their getting, and are going to get. Screw em all.!!!!

        • J, agreed. Since they love their muzzies so much they can keep them. We should pull out of Europe altogether.

      5. Events will, in their own time, and to their own ends, bring the chaos that so many seem to crave. The dollar as the worlds reserve currency ain’t long for this world. I want all you chaos cravers to remember something. There are many trillions more dollars overseas than at home. When the dumping happens, dollars may very well wind up worthless, especially here at home. Millions of people will no longer have their buying “power”, and a great many of them will become violent when they find they no longer can even purchase food. Recall, if you will, how our darker brethren react when their EBT cards don’t work. Have something physically in your hands for when the troubles start. Some say gold, silver, and lead will be the currency then. I intend to go as long as possible before I begin using my stored, long term food.

        • Sean and others: We all know how the dark, savage apes act and will act and react when the EBT cards that WE ALL PAY FOR don’t work any longer – they will go full speed ape-shit and I for one will be nice and comfy and ready to finally drop as many of those apes as humanly possible…they need to be dealt with by the god damn tractor trailer full…Napalm, what the hell ever, just get rid of the vile critters. And the stinking Muzzies as well. We need to have a massive damn PURGE folks and that is the honest truth.

          • That’s funny, especially when their is more abominable snowmen on those EBT cards than those “savage apes” dummy. So I guess you better get ready to defend yourself from your own!

      6. I hear you Sean…..better have some friends to back you up when it happens too.

      7. The moves against the dollar are taking place as we speak. This actually could be the end of the Empire (NWO). An event that is long past due. Pull together and help each other, when the time comes.

      8. There is a great global financial reset coming. The IMF, BIS and all Central banks have approved the new world IMF SDR’s currency and the exchange rates for each major currency.Our US dollar will be 43% of the new basket of currencies backing up this new SDR. The debt system is broken and we will all see it so when interest rates hit 5 and 6%. The everything bubble will implode. Prepare now! You need one year of everything you use including cash in your home, not in the banks. As of July 1st European and China no longer are guaranteeing insurance for depositors. Expect buy-ins when the SHTF, its going to be nasty!

      9. Let’s do this finally!

      10. Consider that Russia Today is a propaganda tool of its namesake. While that doesn’t necessarily mean it is wrong, it does mean that whatever interests it is serving won’t be those of the United States. Therefore, it is prudent to examine the claims made in the article. When we do, we realize:

        1. The EU does not buy oil.
        2. It is the seller who decides what he will sell his product for.
        3. The United States controls the flow of its own currency in the world marketplace. For decades that has meant that US dollars do not flow into or out of Iran. (That’s what all that sanctions stuff is guys). Ergo, the entire premise of the article is nonsense. Iran hasn’t used the dollar in oil dealings in a very long time.
        4. The Washington Free Beacon article referenced herein has nothing whatsoever to do with the title of this piece and is referenced in an attempt to add credibility to Russia Today by association.

        Is no one capable of critical thinking anymore?

        If so, why then does an American website owner post such propagandist nonsense?

        • Stuart: Because he knows this is just the shit that people want o hear and read and see and get themselves all worked up and get them/us to spend even more $$ on all the silly shit they try to hustle around here. Oh and doesn’t Europe buy Nat Gas and a whole, whole lot of it??

      11. Let them who cares. Then we can cut all ties with them and move on her in the USA. They have nothing we need. There is very little the USA needs.

        The USA takes care of the whole frigging world. Let the USA stop for 1 year and the will run back to the USA like their asses are on fire. I say again stop all AID to every country in the world and you will see how fast they return.


      12. In not too worried. My garden is doing well. We are debt free. Our health is pretty good. The USA has been kicking and kissing rears for decades in the middle east. Nothing tangible has happened so far? Nothing I can do to make things better anyway. So I will not give it any free rent in my head. My SS Ponzi check was deposited at midnight this AM. So everything good for the next month.

      13. Whatever happens, happens, fuck em’ in the ear fellas. Iran can suck it and Europe and all of those new-found, loving, sweet, peaceful Muzzies over there can rot!!

      14. It appears force and violence is necessary to keep the dollar as the world’s reserve currency, in effect maintaining global financial hegemony – which in reality means the US is getting something for nothing. For example; China exports to America iPhones or steel or textiles or automobile parts, and in return they get pieces of paper or digital currency – nothing of tangible value. Same when Saudi Arabia sells us a barrel of oil. Our currency cost zero to create, is backed by nothing (there is even eye witness testimony stating Fort Knox is completely depleted of its gold reserves), and infinite amounts of digital dollars can be made with the stroke on a computer keyboard. But everything we get in return is real. When other nations buy US Treasury instruments they see our deficits soaring to unsustainable levels or we as continue to print money causing inflation which is dollar devaluation, then the purchasers start to worry that all the billions and trillions in bonds they bought are rapidly losing value.
        Who can blame them for trying to get a millstone off their neck. It eventually will end, but not until every ounce of benefit has been wrung from it. When it does it will mean we will have to give something real in return for what they give us. We have lost our competitiveness, this period will be very painful for Americans. Additionally, when they eventually quit buying bonds and dump all the trillions in bonds that they do posses, all those dollars will be forced back home – guaranteeing literally ruinous inflation. As for the masses of people we could only expect real impoverishment on a scale that is presently unimaginable with all the accompanying social issues. The architects of all this will only enjoy even more power.

      15. NATO is useless. Same as UN. America first.

      16. If the Muslims implement Sharia Law, there will be no more gay rights parades or “Queer Eye for the Straight Guy! Even in the darkest storm, there is a ray of sunshine!

      17. In retaliation, the U.S. should immediately remove itself from the United Nations and all remaining members can take care of their own backyards. We’ll see how long they trade in Euros after that!

      18. All empires fail
        The world needs a reset on many levels.

        Do not fear – it will come and the world will be better for it

      19. Countries can purchase their oil or anything else in what ever currency they want, but where do they invest the proceeds? Investment is 10x trade, and with sovereign defaults right around the corner, the dollar will rise significantly for the next couple of years. It is a rising dollar that forces the economic reset, not a falling dollar. Gold bugs should stop selling the notion that the dollar has to fall for gold to rise. Both will rise as confidence in govt collapses, along with the demand for their debt.

      20. there is far more trouble in Europe than the USA — the $ will be fine for another 10 years …. or more

        • We have 3 years max until the financial reset begins, triggered by sovereign defaults caused be a rising dollar and interest rates. The dollar as the reserve currency could change as an outcome of the emergency G-20 meeting that will be called. By 2032 everything will be different, including China assuming the reigns as the next financial capital of the world.

      21. Anyone who thinks that you will still have King Dollar after the world shifts away from using the dollar to settle trade has no idea what they are talking about.

        How are those dollars bought to settle trade? Countries buy Treasuries to use as trade settlement paper to stand for delivery on goods. No one’s loading pallets of physical dollars on anything, nor are they sending them anywhere. If you understand this one point, you are well on your way to understanding how this thing can all unravel very quickly.

        Because entities are forced to use dollars as trade settlement paper to stand for delivery, most of the demand for dollars is artificial. If those entities could settle in something other than dollars, demand for dollars would drop like a rock. Stateside, all this artificial demand creates largesse that is used to subsidize a workforce-eligible age population that is over 30% unemployed, and has been that way for years. Without this largesse due to artificial dollar demand, the people comprising this 30%+ number would not have a roof over their head, food in their belly or money in their pocket.

        What are the mechanics of a dollar collapse? All those Treasuries that no one needs as trade settlement paper bounce back to the US. The entities bouncing the Treasuries are going to want something real and of value in return to settle up. The Fed and Exchange Stabilization Fund are going to have to eat all these unwanted Treasuries. How are they going to do it? JPM has two vaults of silver bullion. The first is 240m ounces, which is used to settle for delivery on Comex silver. The other is over 600m ounces. This silver is what will be used to settle these unwanted Treasuries. JPM will be the clearing bank on bounced Treasuries settlements. When this happens, silver goes parabolic.

        Gold-backed RMB and Ruble oil contracts will only speed up the dollar’s demise. The RMB contracts will most likely allow the seller to settle the contract with 1/4 to 1/3 of the proceeds in physical gold bullion to the seller. Where is the motivation for someone to hold dollars in this scenario? Nowhere, because it would no longer exist.

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