Video Rebel’s BlogVoters in New York started a petition ballot initiative to investigate 911. There had never been a criminal investigation into either the assassination of President Kennedy or into the deaths of some 3,000 people on 911. A city official of Jewish descent asked of the proposed investigation into 911, ‘Will this be good for Israel?’ Apparently the Jews of New York decided that an investigation into the truth of 911 would not be good for Israel because they denied the petition ballot access. The Goyim should not be allowed to decide for themselves who was responsible for an act that pushed America into spending trillions of dollars and killing the neighbors of Israel who said No to Jewish Supremacism.
There is no question that the BRICS nations of Brazil, Russia, India, China and South Africa will take down the dollar as the international reserve currency. They have created an alliance of nations from Latin America, Asia, Africa and the Mideast willing to join in their fight to take down the dollar. That alliance includes NATO partner Turkey and soon maybe even Germany.
We have entered a Third Phase of the Dollar’s post War history. In 1944 the Bretton Woods Conference gave the US the right to print dollar bills which would function as if they were gold in settling trade with other nations. That ended in 1971 when gold was no longer exchanged for dollars. Henry Kissinger used the 1973 Arab Israeli war to create the Petrodollar standard.
Wassily Leontief had studied the American economy. The US had 31 basic industries. We had skilled workers who took natural resources and added value to create products people wanted to buy. Later it was determined that when America increased her population beyond the point where natural resources had to be imported that we would have to cut wages severely. Rather than face this reality the ruling elite decided to continue increasing the population. They also decided that spending money overseas to fight wars and to occupy nations would be good for them.
The US no longer had a balance of trade surplus. Nobody wanted American products at those prices. The Petrodollar made that problem appear to go away.
You must understand that from their point of view ‘They are America.’
The Petrodollar papered over the economic consequences of the greed of America’s ruling elite. The Arab Gulf States agreed to sell oil priced only in dollars. This created an artificial demand for dollars. It meant that America could continue to print dollars to buy cars, electronics, food and other things by the trillion without giving anything but green ink and paper in return. The Arabs were supposed to buy US Treasury bonds to fund America’s perpetual deficit.
Since the Greenspan era, American college grads were supposed to make a living selling paper financial products like derivatives, Mortgage Backed Securities and Credit Default Swaps. So what if American manufacturing and jobs were sent overseas? Young people could take out loans and get diplomas. They would never need jobs except for government subsidized professions. Failing that the young people could always join the military and kick in doors in the Mideast or become one of the 2 million plus people spying on Americans. It occurred to the Bankers that not everyone liked what they were doing to America and to the world. They wanted to record every phone conversation and every email.
The Petrodollar standard worked until this year. Zero Hedge ran an obituary notice for the Petrodollar and had to run it a second time because people had failed to grasp the significance of this event. The Gulf States are no longer generating huge cash surpluses . They can no longer fund the US budget deficit. The Federal Reserve has taken over that role by buying both Treasury bonds and Mortgage Backed Securities. The FED buys worthless MBS to keep the criminals of Wall Street out of jail and to make the Too Big To Jail Banks appear to be more liquid than they really are.
The Chinese appear to be holding lots of Treasury bonds. They are everywhere in the world buying anything of value. They are buying Detroit. They are buying old industrial parks in Pennsylvanian. The Italians even set up a website to sell their businesses and properties to China. The title of the website translates as ‘Sell it to the Chinese.’ The Chinese will often use US Treasury bonds as collateral when they buy properties. If they walk away from the loan, the Banks will be stuck owning Treasury bonds which could soon be approaching zero value. The point is that those Treasury bonds used as collateral are still technically listed as being theirs but you would need a very big army to descend upon Beijing and make the Chinese take back those bonds after the Dollar Dies.
The latest G-20 Summit in Australia saw more movement towards Bail-ins or seizures of bank depositors’ money to pay off bad debts run up by the Bankers. All this talk of seizing cash from depositors will just force people to look for some place other than the dollar, the pound, the euro and the yen to put their money. This will further hasten Doomsday for the Dollar.
The BRICS nations are setting up their own versions of the IMF and the World Bank. They could also take over the IMF system from within. In 2015 China could act decisively on their demand for a greater role in the IMF and have the yuan included in the basket of currencies considered for valuing Special Drawing Rights. To get into that coveted basket of IMF currencies China would legally be required to open their gold vaults to inspection some time before September 15, 2015. That would be a disaster for the dollar and for American workers and pensioners.
Why? Because China and the rest of Asia has been buying enormous quantities of gold. It is far greater than the amount mined each year. Think what that means. Central Banks in the West have been leasing gold to bullion banks who have sold that gold five times over as paper promises of bullion on deposit. It has been estimated that 20,000 or more tons of paper promises of gold deposits at bullion banks do not actually exist. This means that a lot of gold at deposit in a Central Bank like Germany’s 300 tons at the Federal Reserve are no longer in the vaults. It also means that the customers who thought they had gold on deposit at bullion banks have been defrauded.
Most of those depositors who have been robbed were Arabs.
A man who works with the Chinese in their gold acquisition program said they have been buying a 1,000 tons of gold a month for more than a year. That gold came from the Central Banks and the bullion banks. If the Chinese open their gold vaults to inspection, the Dollar, the pound, the euro and and the yen will crash. Foreigners will have no use for dollars and will dump them.
That will be the beginning of Hyperinflation in America. I have defined a 25% increase in the cost of living as the beginning point for Hyperinflation. Back in the Jimmy Carter years, America survived a 16% inflation rate. The Federal Reserve raised interest rates to 21%. We could not survive that again which is why I concluded that 25% is where Hyperinflation would begin for the currency that at one time had functioned in the settlement of international trade accounts.
The elite does not care that wages will be cut in half and that America will be torn apart by Food Riots.
But they do care about the survival of Judaism Incorporated and its continued prosperity.
When I say Israel, I am referring to the the Organized Criminal Conspiracy that includes the state of Israel and participating Jewish people of substantial means around the world. Judaism Incorporated is a Top Down Society. There have been Austerity protest on Rothschild Blvd in Tel Aviv because not all Jews receive equal portions from what those above take every year.
In January the Russians will be setting up their own bank transfer system to challenge America’s SWIFT system (Society for Worldwide Interbank Financial Telecommunication.) The Obama administration has been abusing SWIFT to impose sanctions on people who were not really doing anything wrong, such as, the banks who handled transactions for Hamas and Hezbollah. They are not terrorists like Al Qaeda and ISIS whom the US does fund. By what right does the US fine a French bank $9 billion for doing what it does every day of the week?
There is talk of a gold backed yuan and ruble linking up with other commodity backed currencies after the dollar is dumped as the world’s international reserve currency.
Israel has done studies on the wondrous things they could do if they were to own the oil fields of one or more Gulf States. There are problems involved with this idea. 1) Where will the people who are now living there go? And 2) What will happen when 1.3 billion Muslims become enraged at Israel seizing Mecca and slaughtering Muslims by the tens of millions.
The obvious solution is that Israel gets America involved in a scaled down version of World War III when the dollar collapses. The Plan: While the US is suffering from the beginnings of Hyperinflation and the first of many Nationwide Food Riots, American politicians could be persuaded to fight one last war in the Persian Gulf. The object being to kill both our allies and our foes so Israel is the last man standing in the Gulf. Israel owns the government of the United States. Israel and the US have been funding and arming ISIS. They could persuade ISIS to attack Saudi Arabia. That could get a war going rather quickly.
Another alternative is that Jewish people involved in gold mining, in the Central Banks and the bullion banks had planned ahead and siphoned off for Judaism Incorporated some of those tens of thousands of tons of stolen gold. Robert Rubin was Clinton’s Secretary of the Treasury when critics said much of the gold at Fort Knox were replaced by gold plated tungsten bars. If they had been planning ahead, they would have stashed at least a thousand tons of that gold in a secure location for the benefit of the state of Israel.
Israel could do any of the above.
Israel could also work out arrangements to jointly rule America with the Chinese. The Jews of America had worked out a power sharing arrangement with the blacks and the Hispanics after they had assassinated President Kennedy. They could just as easily work with China. They have had dealings with China since the Days of the Opium Wars. The Chinese have been buying enormous amounts of real estate. That includes farms, homes, apartments, malls and industrial parks. They could hire cheap skilled labor in the US and give their American employees robots to turn out competitively priced products. American labor will be cheap after the dollar is devalued and wages are cut in half.
The odd man out would be blacks and maybe Hispanics. White Americans with above room temperature IQs figured out that they had been left out of the Jewish power sharing equation long before they were old enough to vote. White males are the only group in America who are not protected by discrimination laws when they apply to medical school.
Israel could survive the rise of the BRICS nations and the collapse of the dollar. But America and the rest of the world would be in very dire straits. Blacks in the US and in Africa might be the Biggest Losers. Muslims would be very unhappy if they were allowed to live. America could be torn apart by Food Riots and Race Wars. WW III could even escalate and kill us all.
You do understand that None of that matters. What happens to you and your family does not matter. That a few billion people die from starvation and plagues does not matter. That World War III kills us all does not matter. All that matters is that all seven billion people on the earth be made to benefit Israel.
Screw Israel, and the dollar is toast regardless of what the BRICS nations do.