U.S. President Donald Trump’s declaration of trade war with just about everybody is really just a case of Trump negotiating a Chapter 11-style bankruptcy for the United States. A kinder way of putting it would be to say that the U.S. is revolting against an international system that has looted its people on behalf of globalist oligarchs. Yet another way of putting it is to say the world is negotiating a replacement for the petro-dollar system. In any case, we can now expect a lot more shouting and bluster, and possibly even the odd nuke or two, as these negotiations proceed.
In public, this dispute can be seen in the biggest open split between European powers and the United States since the end of World War 2. We have the leaders of France, Germany, and the EU openly calling for an end to the post-war European/American alliance. The U.S. side, for its part, has publicly threatened sanctions against European countries. Under the surface, a U.S. assassination campaign against disobedient EU leaders is also a good guess.
The immediate trigger was Trump’s decision to leave the Iranian nuclear accord. Of course, anybody who is following what is really going on knows that the Trump decision to leave the Iranian nuclear accord has nothing to do with nuclear weapons and is really about Iran’s announcement that it will sell oil to Europe priced in Euros, not petro-dollars.
Let us start by taking a look at how things will proceed on the superficial level. Here Trump is saying, “If you do not buy more from us, we will stop buying from you!” He is also saying, “If you stop using petro-dollars to buy Iranian oil, we will prevent any European country doing business with Iran from doing business with us.” The Europeans are saying, “You are a deadbeat who is not paying for what you buy, so who cares is you stop buying!” They are also saying, “We will punish any European companies who obey your sanctions against Iran.”
The most important threat seen in public has been the U.S. threat to impose sanctions against Germany if they proceed with the Nord Stream 2 Pipeline. This pipeline would allow Germany to import more gas directly from Russia instead of having to go through the Khazarian puppet state of the Ukraine. In essence Trump is saying, “If you do not buy gas from us (at a 20% markup), we will stop buying your cars.”
The elephant in the living room of this EU/American domestic spat is China and its move to replace the Atlantic alliance with a Eurasian alliance that leaves the Anglo-Saxon powers on the periphery of world power. The way things are going now, the Chinese are winning because the EU/U.S. spat has given a big boost to Chinese yuan-denominated oil futures and thus strengthening the petro-yuan as a would-be replacement for the petro-dollar.
That is probably why Trump chose a NATO meeting to implicitly threaten a shooting war if his trade war with the EU, China, and the rest of the world does not succeed. Here are his comments:
“‘Will that be successful? I tend to doubt it,’ the president told reporters during an appearance with NATO Secretary-General Jens Stoltenberg. ‘The reason I doubt it is because China has become very spoiled. The European Union has become very spoiled. Other countries have become very spoiled, because they always got 100 percent of whatever they wanted from the United States.
‘But we can’t allow that to happen anymore,’ Trump added.”
However, Chinese secret society sources say they are actually playing a much bigger game and that they are pushing for…