You've felt it your entire life, that there's something wrong with the world.  You don't know what it is, but it's there, like a splinter in your mind, driving you mad.

Monday, November 15, 2010

What'$ up?

Life is like a box of chocolates....
....when you're an American retard.

Gold is up, silver is up, food and other commodities are up, but not the dollar.  The dollar is down (in purchasing value) and is heading for zero.  Like water, once it's over the edge, it accelerates rapidly, and the fall, though spectacular and awe-inspiring, is over quickly.  Are we at the edge yet?  Yep.  This is the edge.

Why is there no dollar value placed on this huge energy deal?  Because no dollars will be exchanging hands.  The Chinese and the Russians will be using their own currencies, their own private bartering system.  They don't need our dollars any more.  The era of the petrodollar, the reserve currency of the world (1971 - 2011, R.I.P.) is over.

The Federal Reserve destroyed our dollar.  Using bribes and other criminal schemes, this private banking cartel got Congress to give it control of the dollar in 1913, when the dollar was backed by gold (one ounce of gold was equal to $20 then).  Those crafty bankers did what any greedy criminal would do in the same situation -- they created money for themselves and spent it.  But they were clever, and so they did it relatively slowly and quietly.  It took 58 years to get to the point where they could no longer hide the crime.  They had created so many dollars that there simply wasn't enough gold left in the U.S. Treasury to give to those exchanging their dollars for gold.  The jig was up, and all the gold was gone.  The entire "treasure" of gold belonging to the People of the United States had been stolen and spent.  And what had it bought?  That private banking cartel running the Federal Reserve was now the proud owner of the American media industry -- radio, newspapers, magazines, and especially television.  Oh, and they bought one other thing along the way.  They now owned the United States government.  So in 1971, the United States government casually abandoned what it now called the "archaic" gold standard, and the dollar became worthless Monopoly money.

It should be no surprise that the man in the street never got wind of this theft.  With both the media and the government in its back pocket, the banking cartel could tell us whatever it wanted, and we believed it.  Of course, now that the dollar was worthless, the banking cartel needed a way to give the dollar some illusory value, or none of their lies would fly for very long.  And that's how the petrodollar was born.  With sweet deals and nasty threats, the powerful U.S. government (now an integral part of the criminal banking cartel) convinced all the oil producing countries in the world to only accept dollars for their oil.  Suddenly, all the foreign countries of the world needed dollars to buy oil, and that demand made the dollar valuable again.  For a little while.  About 40 years.

Actually, two oil producing countries refused the deals and ignored the threats.  They were Iran and Iraq.  In jig time, they were in turmoil, and then at war with each other, using the nastiest weapons that the banking cartel could arrange for each side to buy.  Do you think the United States government had a hand in orchestrating that war and providing those weapons?  Don't think too hard, the answer is obvious.  The banking cartel own the U.S. government, remember?  Iraq was particularly troublesome even after that bloody, eight-year war.  Two more times it decided to sell its oil for whatever currency it deemed proper.  Two more times the U.S. government had to step in and paddle Iraq's heiny.

And now, China and Russia decide to buy and sell oil for whatever currency they deem proper.  Will the U.S. decide to paddle their heinies?  Nope, we can't, because we're still bogged down in Iraq and trying hard to pick a fight with Iran.  We've been exhausted, spiritually and economically.  The rest of the oil-producing countries know it, too.  Most of our dollars, around two thirds of the existing total dollar supply, are sitting in foreign banks, having been saved up to purchase oil.  Foreigners are starting to realize that they won't need those dollars for oil purchases much longer, and that the value of those dollars will disappear if they don't start spending them somewhere soon.  The problem is, foreigners everywhere don't want to accept any more dollars -- they want to get rid of them.  Who will be the last people, the dullest of idiots, stupid enough to exchange valuable real assets for dollars?  That's right.  Americans.  They're the ones that end up holding the bag (of worthless dollars) and taking the fall.

1 comment:

  1. Great blog. The most concise and understandable version of current financial events I've seen. Every time I go to buy food it's like I can feel the noose tighten. It's a shame...I need relatively little to be happy. If only people would be less greedy and live according to the modified golden rule (which you should post on this blogspot somewhere) then we wouldn't find ourselves about to feel the burst of a bubble that someone else created...



About Me