There’s A Global Assault On America’s Pillar Of Power: Get Ready For The Death Of The Petro-dollar

Greetings,

124542Yes…The fall is without a doubt in process. Babylon the once great is falling faster than a lightning strike. Her time was limited and now it is over. She is going out with a bang!

Nothing can stop the fall. Nothing can prevent the inevitable. It is now the time of the aboriginal people. Mankind rule has ended and the pillar of that rule, America which is the strongest of the anglo nations, is crumbling under the heavy weight and stress of divine prophecy coming into being.

She can not carry the load. You see, “The world of the Black man, by divine guidance, is now merging in on the old world of the white race. This makes the destruction and fall of the world of the white man imminent.

  Here in America we can see nothing but the fall of America. It is no secret. It is obvious to the eyes that are open. If we want to close our eyes and minds and claim that we do not see and understand, then we will be falling ourselves.

 This refusal to see is fool-hardy for regardless to how we may desire to see the old world stand, we do not have the power to stave off the destruction that causes the world of the white man to fall.”–pg.170(tfoa)

The very pillar of American power, her dollar, is now under assault globally. In fact, ” The strong-hold of the American government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations.”–pg.87(tfoa)

Why? It is because she has no sound backing for it. The nations are awakening to this. That is why prophecy tells us that…” America’s trade is cut off and all of her delicious and delicate things that she used to have in trade — it is all gone! In one hour (one day) it came to pass, here in the Western Hemisphere!”–pg.249(tfoa)

We see the nations decoupling themselves from the American global financial order. They are reaching out towards something else. They are dumping her dollar and abandoning her power base.

  Get Ready For The Death Of The Petrodollar

Even after seven years of writing macroeconomic analysis for the  liberty movement and bearing witness to astonishing displays of  financial and political stupidity by more “skeptics” than I can count,  it never ceases to amaze me the amount of blind faith average Americans  place in the strength of the U.S. dollar. One could explain in vast  categorical detail the history of fiat currencies, the inevitable  destruction caused by inflationary printing and the conundrum caused  when any country decides to monetize its own debt just to stay afloat —  often, to no avail.

Bank bailouts, mortgage company bailouts, Treasury bond bailouts,  stock market bailouts, bailouts of foreign institutions: None of this  seems to phase the gibbering bobbleheaded followers of the Federal  Reserve cult.  Logic and reason and wisdom bounce like whiffle balls off  their thick skulls. They simply parrot one of two painfully predictable  arguments:

  • Argument No. 1: There is no way foreign countries will ever  dump the U.S. dollar because they are so dependent on American consumers  to buy their export goods.
  • Argument No. 2: There is no way the dollar’s value  will ever collapse because it is the dominant petro-currency, and the  entire world needs dollars to purchase oil.

I have written literally hundreds of articles over the years  dismantling the first argument, pointing out undeniable signals that  include:

  • China’s subtle dumping of the dollar — using bilateral trade  agreements with other developing nations and, more recently, major  economic powers like Germany and Japan
  • The massive gold-buying spree undertaken by China and Russia — even  in the face of extreme market manipulation by JPMorgan Chase and Co. and  CME Group Inc.
  • The dumping of long-term U.S. Treasuries by foreign creditors in  exchange for short-term Treasuries that can be liquidated at a moment’s  notice.
  • The fact that bonds now are supported almost entirely by Fed  stimulus. When the stimulus ends, America’s ability to honor foreign  debts will end and faith in the dollar will crumble.
  • Blatant statements by the International Monetary Fund calling for  the end of the dollar’s world reserve status and the institution of  special drawing rights (SDRs) as a replacement.

The second argument held weight for a short time, only because the  political trends in the Mideast had not yet caught up to the financial  reality already underway. Today, this is quickly changing. The  petrodollar’s status is dependent on a great number of factors remaining  in perfect alignment, socially, politically and economically. If a  single element were to fall out of place, oil markets would explode with  inflation in prices, influencing the rest of the world to abandon the  greenback. Here are just a few of the primary catalysts and why they are  an early warning of the inevitable death of the petrodollar.

Egyptian Civil War

I was recently contacted by a reader in reference to an article I wrote concerning the likelihood of civil war in Egypt, a civil war which erupted only weeks later.

She asked why I had waited until this year to make the prediction and  why I had not called for such an event after the overthrow of Hosni  Mubarak, as many mainstream pundits had. The question bears merit. Why  didn’t Egypt ignite with violent widespread internal conflict after Mubarak was  deposed? It seemed perfectly plausible, yet the mainstream got the  timing (and the reasons) horribly wrong.

My response was simple: The Mideast is being manipulated by elitist  organizations towards instability, and this instability is a process.  The engineered Arab Spring, I believe, is not so much about the Mideast  as it is about the structure of the global economy. An energy crisis  would be an effective tool in changing this structure. Collapse in the  Mideast would provide perfect opportunity and cover for a grand shift in  the global paradigm. However, each political step requires aid from a  correct economic atmosphere, and vice versa.

If you want to identify a possible trend within a society, you have  to take outside manipulation into account. You have to look at how  economic events work in tandem with political events and at how these  events benefit globalization as a whole. The time was not right after  Mubarak’s overthrow. The mainstream media jumped the gun. If the target  is the U.S. dollar and Egypt is the distraction, this year presented  perfect opportunity with the now obvious failure of quantitative  easing stimulus being exposed.

As the situation stands, the Egyptian military regime that overthrew  Mohammed Morsi has completely cut the Muslim Brotherhood out of the  political process and murdered at least 450 protesters, including prisoners already in custody.

Morsi supporters have responded by torching government buildings and shooting police personnel. But  the real fighting will likely begin soon, as the current government  calls for a ban on the Muslim Brotherhood itself. Simultaneously, hatred  for the United States and its continued support of the Egyptian power  base — regardless of who sits on the throne — is growing to a fever  pitch throughout the region.  This is not healthy for the life of the petrodollar in the long run.

It is important for Americans to understand when examining Egypt that this is not about  taking sides. The issue here is that circumstances are nearly perfect  for war and that such a war will spread and will greatly damage oil  markets. The Suez Canal accounts for nearly 8 percent of the world’s  ocean trade, and 4.5 million barrels of oil per day travel the corridor.  Already, oil prices have surged due to the mere threat of disruption of  the Suez (as I predicted). And this time, the nation is not going to recover. A drawn-out conflict is certain, given the nature of  the military coup in place and the adamant opposition of the Muslim  population.

Strangely, there are still some in the mainstream arguing that the  Suez will “never close” because “it is too important to the Egyptian  economy,” The importance of the Suez to the Egyptian government is irrelevant in the midst of  all-out revolution. The Suez will close exactly because there will be no  structure left to keep the canal open. In the meantime, oil prices will  continue to rise and distrust of the United States will continue to  fester. more here

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