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Brio

The One Gold Scandal That Goes To The Very Top

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So three years ago, Turkey was purchasing Iran oil and paying in gold. Now it is purchasing ISIS oil and paying in dollars, for the simple reason that there is no banking embargo against the Islamic State like there was against Iran in 2012. One almost wonders why the international community was far stricter with Iran than it is with ISIS now.

http://www.zerohedge.com/news/2015-12-24/exclusive-gold-gone-its-all-gone-one-gold-scandal-goes-very-top

Why is there no banking embargo against ISIS? Because they sell Syrian and Iraqi oil in US$ via Dubai. What a twist...

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23 hours ago, Brio said:

snip:

http://www.zerohedge.com/news/2015-12-24/exclusive-gold-gone-its-all-gone-one-gold-scandal-goes-very-top

Why is there no banking embargo against ISIS? Because they sell Syrian and Iraqi oil in US$ via Dubai. What a twist...

Yes, the oil trade through ISIS is quite a twist. Also, the fact that intel agencies have been making no effort to catch them through social media or via banks for their money laundering. Makes one wonder, doesn't it? 

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I have it. Why Saudi Arabia and Qatar are backed by the US to take Syria. Both countries have massive reserves of lng but no market. Russia owns the EU market and has the infrastructure (pipeline) to deliver. That's why Ukraine was saddamized. Pipelines. Now, think back, the Taliban were created to counter the Russian invasion of Afghanistan (or Pipelanistan, take you pick) but Iran Pakistan and India (and later China) blew that little plan away with their IPI pipeline. The Taliban (later morphed into al queda then IS) are still serving their purpose of creating markets for oil and lng. It doesn't matter who has crude or LNG, what matters who has a market for it! What good is manure in your pasture if nobody buys your fertilizer? And here's the kicker. The US is backing SA, Qatar and IS because they will demand US$ for their discount crude, they just need Syria to get that energy to a market. Turkey worked for a while but Russia has a lot of reasons to shut them down. The fossil dollar must not die.

 

What next then? War between Russia and Saudi Arabia.

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