Tuesday, September 18, 2012

The Day The US Dollar Died

There's a saying that History always repeats itself. I guess that's true. Our Founders thought they formed a Republic but they also knew that it was for the future generations to protect it. 

When the United States of America backed their dollars with Gold and Silver, this country thrived and prospered. Then in 1913, the BANKSTERS took over under the Federal Reserve Act.

Gold and Silver were eventually detached from the dollar and in 1975, OPEC was formed and the world agreed to trade oil for US Dollars. Trading of other commodities came to be priced in dollars as well.

But today, as you can see by reading the articles below that I posted yesterday, that's changing. And it's this change that is going to start WWIII. 

The real reason we are in Iraq is not because they may have had WMD's, we're there because Saddam Hussein no longer wanted to sell his oil with the US PetroDollar. 

When you hear the words, "US Interests", it translates to the Federal Reserve Note that we Americans are forced to use as a currency. The only thing that makes this instrument of debt valuable is that other countries use it for trade.

When a country such as Iraq steps out of line, we send our military there, remove the so called Dictator,  and occupy the country to keep them on track.

But today, we have China and Russia along with other nations detaching their trade from the US Dollar. On September 7, 2012, at the APEC Summit, Chinese President Hu Jintao said Beijing would do all it could to strengthen the 21- member Asia-Pacific Economic Cooperation and boost prospects of a global recovery by "Rebalancing its economy".

What was it that Ron Paul always said about our Foreign Policy? It was something about keeping our nose out of the other countries business and stop telling others what they can or can't do. I think the word Ron Paul used was "BLOWBACK"

What’s Iran doing with Turkish gold?

IRAN is trading oil for gold - FULL STORY HERE

China Imports More Gold From Hong Kong In Five Months Than All Of UK's Combined Gold Holdings

And here is the punchline: if Iran is getting gold in exchange for products, that means that someone else is demanding Iran's gold in exchange for other products. But we won't read about it until those "others" decide to issue a press release.
In other words, the anti-dollar trade is now alive and well, and Iran has been happily transacting in a dollar-free vacuum since the March SWIFT embargo. Most likely "buyers" of Iran's gold? The usual suspects of course: China, Russia, (both of whom recently established bilateral trade relations with the country just for that purpose, here and here) and India. FULL STORY

Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says

By Nayla Razzouk - Jan 7, 2012 8:39 AM ET
Iran and Russia replaced the U.S. dollar with their national currencies in bilateral trade, Iran’s state-run Fars news agency reported, citing Seyed Reza Sajjadi, the Iranian ambassador in Moscow.
The proposal to switch to the ruble and the rial was raised by Russian President Dmitry Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization, the ambassador said.
Iran has replaced the dollar in its oil trade with India, China and Japan, Fars reported. FULL STORY

As more countries detach from the dollar, you will see such inflation in the US like nothing ever before. Those who are dependent on SS or Welfare will be hurt the most. You can expect to see massive riots and looting.  It isn't that we haven't been warned, it's that the Majority refused to listen.

So before Glenn Beck Attacks us Ron Paul supporters again, let him come read my humble little blog. Because here people get the real truth, not the varnished Beck truth. It's because Ron Paul supporters are well educated in both foreign and domestic affairs that we supported a candidate with real solutions. Something Glenn Beck failed to do and continues to fail at.

Glenn Beck: ‘Ron Paul people, I have had it up to here’

Our answer to Glenn Beck is: So have we Glenn, so have we!

Max Keiser ~ Ultimate QE3 Meltdown


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