92 votes

Ben Swann: Reality Check: Is This The End of The Petro-dollar?

http://youtu.be/K9VLp0FcJ6I

Ben Swann Reality Check explains the petro-dollar and looks at how the national media isn't telling you that China is actively working to end it



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

How did I miss this?

This is a good one for sharing, it hits you right in the pocket.

this is a good one.

this is a good one.

Why is China building a refinery?

If we are such great allies with the Saudis, then Americans should be the ones building their Refinery.
China is getting prepared to start doing some colonization, and this will be bad news for U.S.A.
They can easily spare 300 Million people in a war and not be phased.
Our Government has permitted China to grow so wealthy by not protecting American workers. We will live to regret what has been done.

We are not

such great allies with Saudi, it's strictly monetary. Actually the way the US got the agreement done is alot like mafia protection schemes. You help us create the petro-dollar and we will protect you from us. China seems to be handling their foreign policy much more like Ron Paul would, and they are a communist country! Here Ron Paul says he wants to promote free trade, and he's called crazy, really makes you understand just how far down the rabbit hole we have gone.

sincerely,
Mike G.

Ben in the debates

Ben, you need to be in the debates with the Romulan and Obummer.
Now that's a Reality Check you can believe in.
Ben Swann for President 2016. Yeah.

just wish he couldhave/would have

went into why things will be more expensive because of it. slowly but surely, peter schiffs warning is coming true.

the easiest way to get something done isnt to change the behavior; its to change the meaning of existing behavior. like a cut isnt a cut, torture isnt torture, its enhanced interrogation. war isnt war, its kinetic military action. declaring war now appare

Bump

j

The Petro Dollar....

I believe the Petro Dollar is really the Achilles heel of our warmongering foreign policy. Once you learn about the Petro Dollar, everything we've done oversea's the last few decades makes TOTAL and UTTER sense. It also makes one wonder about our motives during WW2- that is when the beginning of the system was put into place, and i always thought we entered WW2 to help the Jews? Hmmm

"I am Troll fighter, number one"

-Ernest

http://www.youtube.com/watch?v=LxWb-ViejPg

You are correct, it is the only thing that makes any sense

And it explains why we are about to have a war with Iran. Has anyone ever seen the movie Dune? Its an amazingly accurate prediction as to whats happening now.

"the spice must flow"

Lies and more lies!!!

Don't listen to this hack!!! He's trying to deceive you all...pay no attention to this kook!!! He's a home-schooled whack-o!! (OK, end of sarchasm).
Just making the analogy to Ron Paul...both guys have told the truth to the American people... I'm just waiting for the MSM to 1. recognize Ben exists, and 2. declare him a kook.

------------------
BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry

As far as Ben Swann goes,

As far as Ben Swann goes, they are still in the "ignore you" stage... the ridicule stage, followed by the fight you stage will follow. Likely sooner than later if he continues to do reports like this one.

A Great follow-up story to this should be....

Industrial HEMP. How it will replace Oil to produce fuel, plastics and all the other materials that the Oil Industry currently has a monopoly on.

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

state rights for hemp is how

state rights for hemp is how to make it happen. Tom Woods nullification.

Dunno if I believe Swann...

Glenn Beck, in his always piercing "libertarian" analysis... just told me it was all Obama's fault. And that Romney will reverse Obama destruction. Right? Beck SEEMS smart. Common. Jolly. Approachable. He wears Chucks. He cries. He wouldn't LIE or withhold information... would he?

Brother Winston Smith

The r3VOLution is NOT republiCAN.

Alot of people will be very

Alot of people will be very rudely awakened when this happens.

To climb the mountain, you must believe you can.

Texas holdem vs the ancient Chinese game of Go?

What I find interesting is that so few people have ever heard of the petrodollar nor the bretton woods agreement, Ron Paul has referred to BW as a currency default, http://www.youtube.com/watch?v=iRzr1QU6K1o and it was. The US reneged on the agreement to exchange dollars for gold. One major factor that is skimmed over in this report is why would OPEC ever agree to accepting the US fiat currency? The answer is a protection agreement, we agreed to militarily protect the Saudi Arabia regime (OPEC), in exchange they protected the US dollar. They were made an offer they couldn't refuse! Agreements go both ways, and it appears that the US, that was given the moral responsibility to maintain a stable dollar, has once again reneged. By printing dollars into the trillions, can anyone not see the concern that China and OPEC have for their own financial security?

Ben Bernanke is playing a very high stakes game of Texas holdem, instead of chips on the table its dollars and missiles.

China is playing the ancient game of Go, where the board is the worlds resources. http://online.wsj.com/article/SB1000142405270230425930457637...

The scary thing is, with Texas Holdem you can go "all in"

Swann asked the question

then didn't answer it satisfactorily. But you did, Trux.

Also, not that I keep up with it anymore, but those countries he talks about moving away from Petro-dollars - Russia, China, India, Brazil - (BRIC) have been loading up on gold at the same time.

"If you want something you've never had before, you have to do something you've never done before." Debra Medina

Now

Romney and the other jughead politicians would have us all angry at China, I can't blame China for what they are doing, they are oppurtunistic not evil. They are following the same line of reasoning the US did, only difference is they seem to be smart enough to make sure their currency has tangible worth beyond what it purchases. The Chinese are screwing us albeit indirectly, but who do we really blame for this mess? I support(ed) Ron Paul as do most of the people on this site so we know the answer. In another year or two when all the mianstreamers are scratching their heads asking "How did this happen?" We are all going to have a big I told you so moment. God I hate sheep, this country full of cowards and zombies are going to make our future generations (as well as ours) the most difficult time in American history. I say we get all of the RP supporters together pool all of our money and resources, and by an island, and start our own country, or maybe when we are in our darkest hour we will just take this one back. Either way folks prepare yourselves the best you can because we are definitely in for some trying times in the coming years.

sincerely,
Mike G.

I agree, it just pissed me

I agree, it just pissed me off when Obama says the Chinese are cheating. We would never allow the to "cheat." Let's face it. They're smarter.

now matter how much I think I have learned he teaches me

something new everytime.

A true flower can not blossom without sunlight and a true man can not live without love.

As always...

Ben Swann is the only one in the MSM covering anything of importance. The Romney commercials calling for tough actions against "China's unfair trade imbalances" make much more sense now, don't they?

ytc's picture

". . . unfair trade imbalances"???

If they supply tangible goods and WE return quickly-degrading fiat paper money in return. . . WHO is getting the "unfair" losing end of the deal?

You are correct in your assessment.

However it is sold to the people as an imbalance. Same as the Iraq invasion was sold on WMD's, when the real WMD was Saddam with his threats of going off of the dollar. The people as you well know are generally ignorant on everything. The danger is the Chinese refinery, but the people think it is something else entirely because that is what they are told.

Great video! But a question....

...Why will things cost more over night?

Is it because in order to buy the "Chinese Dollar" that there is an exchange rate or conversion fee that must be paid?

Like when I convert my dollars to a foreign currency, it's not just an even exchange, but a conversion fee is deducted by the bank (or money changer) at the time of conversion.

Is this why prices will immediately go up for Americans, or are there other reasons?

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford

No

Prices will not go up overnight, if we lose world reserve currency status the dollar will reflect it's actual value. Our currency is only worth the debt for oil it purchases, without our stranglehold on oil the dollar's actual worth is, wait for it......nothing. The federal reserve and our corrupt government have devalued our currency to the point where the only way it is tangible right now is because of oil. The good Dr. warned the corporate gov. he warned us all that this was going to happen. The funniest part of the whole thing is one of the mainstreamers biggest problem with Dr. Paul is they said he is an isolationist, well as soon as China's Yuan takes over as WRC the only way this country is going to survive is by becoming self sufficient and not importing goods that we can't pay for. So in reality now that we've been painted into this little box, it becomes apparent that even if unintentional they are the ones who have isolated us.

sincerely,
Mike G.

so no more cheap crap from

so no more cheap crap from china?

THANK GOD.

Excellent point sir!

"the only way this country is going to survive is by becoming self sufficient and not importing goods that we can't pay for"

There will be a transition period, but with the vast natural resources in the USA, the economy will realign, albeit with a lower standard of living.

Some research

led me to this article.

http://theeconomiccollapseblog.com/archives/saudi-arabia-and...

From this article I reasoned the petrodollar will end around 2014(probably die a little after like 2015?). This is when the refinery will be fully operational.

I suggest buying up as much precious metals, organic seeds, food, and water as you can. After the dollar dies hyper inflation will quickly follow. Unless, of course, we go to war(WW3). Then it will be super hyper inflation with FEMA camps and a "nice" VIPR patrol on every corner asking for your ID while providing a good molesting, as a bonus, for our safety.

BEN once again is

BOSS!

Jury Nullification is a power of the last resort against tyranny.

Yes, the petrodollar is doomed.

We need more libertarians in office now....

But are most libertarians fake?

http://www.dailypaul.com/258140/are-most-libertarians-fake

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.