As noted by many of our readers, one of the key topics omitted from our article on the inevitability of economic collapse, was the petrodollar system. Due to it’s significance, we felt that this subject deserves it’s own article. If you have never heard of the petrodollar, don’t be surprised. There’s a good reason for this. No major news network will dare touch this subject, because if this information was ever to become public knowledge, politicians would find it next to impossible to convince American people to support any more wars. Public approval of wars is only possible as long as people remain ignorant of the primary driving force behind our foreign policy. The reason you haven’t heard of the petrodollar system is because our government wants you to think that we start wars to spread democracy.
However, if you want to distinguish truth from propaganda, if you want to know the real reasons behind the global conflicts in our recent history, you must first learn about the petrodollar system. Without this crucial piece of info, you will have a hard time understanding what really happened in Libya, what’s happening in Syria right now and what’s going to happen in Iran next.
Why was our government willing to support and arm the same terrorists that would later turn on our embassy and murder US Ambassador to Libya, Chris Stevens?
Why was killing Gaddafi so absolutely imperative? Why are we now doing the same thing in Syria? Why are U.S. operatives currently on the ground in Syria aiding Al Qaeda to topple Assad?
Why are we willing to work along side known terrorists just to destabilize Syria and overthrow the regime there?
Why are we willing to risk World War 3 by attacking Iran, a key ally to Russia and China?
Pakistan and North Korea already possess a nuclear stockpile, but Iran is years away from developing a nuclear weapon. Iran has no military capability to target the U.S. and it has not attacked another country since 1798. Yet the media is trying to convince us that we are weeks away from Ahmedinajad unleashing his non-existent weapons of mass destruction.
Sound a little familiar? Have we heard this before, maybe?
So what is the petrodollar system and why is it so important? Why is the United States willing to trigger a new world war just to maintain the hegemony of the petrodollar? To get a proper perspective we need to start with a quick historical background:
Bretton Woods Conference
As the issuer of the world’s reserve currency, the United States promised to print dollars in direct proportion to its gold reserves. However, this agreement was based on an honor system, since the Federal Reserve refused to allow any audits or supervision of it’s printing presses.
The U.S. defaults on it’s obligation and violates Bretton Woods Agreement
On August 15, President Nixon made a televised announcement referred to as the Nixon shock, stating the following:
“I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators.
I have directed Secretary Connolly to suspend temporarily the convertibility of the dollar into gold or other reserve assets,
except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of United States.”
The birth of the petrodollar leads to global domination
In 1973, President Nixon asked King Faisal of Saudi Arabia to accept only U.S. dollars as payment for oil and to invest any excess profits into U.S. treasury bonds, notes and bills. In return Nixon offered military protection for Saudi oil fields. The same offer was extended to each of the world’s key oil producing countries and by 1975 every member of OPEC had agreed to only sell their oil in U.S. dollars.The arms race of the Cold War was a game of poker. Military expenditures were the chips and the U.S. had an endless supply of chips. With the Petrodollar under it’s belt, it was able to raise the stakes higher and higher, outspending every other county on the planet. Until eventually U.S. military expenditure surpassed that of all other nations in the world combined. Soviet Union never had a chance.
The collapse of the Communist block in 1991 removed the last counterbalance to America’s military might. United States was now an undisputed super power with no rival.
Many hoped that this would mark the beginning of a new era of peace and stability. Unfortunately, there were those in high places who had other ideas.
Petrodollar system must be maintained at any cost
Excerpt from a May 5, 1996 interview:
Lesley Stahl from 60 Minutes show, asks Secretary of State Madeleine Albright about the U.S. sanctions against Iraq:
“We have heard that a half million children have died.
I mean, that’s more children than died in Hiroshima.
And, you know, is the price worth it?“
Secretary of State Madeleine Albright replies:
“I think this is a very hard choice,
but the price–we think the price is worth it.”
In November in 2000, Iraq began selling it’s oil exclusively in euros. This was a direct attack on the dollar and on U.S. financial dominance and it wasn’t going to be tolerated. In response, the U.S. government with the assistance of the mainstream media began to build up a massive propaganda campaign, claiming that Iraq had weapons of mass destruction and was planning to use them.
Excerpt from a March 2, 2007 DemocracyNow interview:
So I came back to see him a few weeks later and by that time we were bombing in Afghanistan. I said “Are we still going to war with Iraq?” and he said, “Oh, it’s worse than that”, he reached over on his desk, picked a piece of paper and he said:
“I just got this down from upstairs today (meaning secretary of defense office) today. This is a memo that describes how we’re going take out 7 countries in 5 years, starting with Iraq and then Syria, Lebanon, Libya, Somalia, Sudan and finishing of Iran.”
– Wesley Clark, Retired 4-Star General and Supreme Allied Commander Europe of NATO from 1997 to 2000
Syria is Iran’s closest ally and they’re bound by mutual defense agreements. This country is currently in process of being destabilized with covert assistance from NATO. And though Russia and China have warned the United States not to get involved, the White House has made statements within the past month indicating that they’re considering military intervention. It should be clear that military intervention in Syria and Iran isn’t being considered, it’s a forgone conclusion, just as it was in Iraq and Libya.
World War 3: a calculated risk to preserve the petrodollar
The U.S. is actively working to create the context which gives them diplomatic cover to do what they already have planned. The motive for these invasions and covert actions becomes clear when we look at them in full context and connect the dots.Those who control the United States understand that even if a few countries begin to sell their oil in another currency it will set off a chain reaction and the dollar will collapse. They understand that there’s absolutely nothing else holding up the value of the dollar at this point, and so does the rest of the world.
What we’re witnessing here is a trajectory that leads straight to the unthinkable. It’s a trajectory that was mapped out years ago, in full awareness of the human consequences.
Who Is Pulling The Strings?
So who is it that pulls the strings?
Often the best answer to questions like this are found by asking another question. “Cui bono”. Who benefits?
Obviously those who have the power to print the dollar out of thin air, have the most to lose if the dollar was to fall. Since 1913, that power has been held by the Federal Reserve.
The Federal Reserve is a private entity, owned by a conglomerate of the most powerful banks in the world. And the men who control those banks are the ones who pull the strings. To them, this is just a game. Your life and the lives of those you love are just pawns on their chess board. And like a spoiled four year old who tips the board on to the floor when he starts to lose, the powers that be are willing to start World War Three to keep control of the global financial system.
Remember that when these wars extend and accelerate. Remember that when your son or your neighbors son comes back home in flag draped coffin. Remember that when the point the finger at the new boogeyman. Because the mad men who are running this show will take this as far as you will allow them to.
So, what can we do about all this?
Today’s Geo-political climate, coupled with the desperation of the banking cartel to save the petrodollar, makes World War III a legitimate concern more than ever. If we’re lucky enough, maybe we will avoid a global military showdown between Russia, China and the West. But, we cannot avoid an economic collapse, regardless of whether WWW III is triggered or not. This is because no matter how many Mideast regimes we topple, we simply cannot stop China and Russia from dropping the dollar in the near future. Both of these countries have already signed significant agreements purposed to move them away from the dollar. Despite the best efforts of the banking cartel to preserve the petrodollar, this paradigm is starting to crumble.
So what can we do about all this? First, let’s admit the obvious. The power to prevent any of this is not in our hands. But, at the same time, we don’t have to just sit idly while the dollar is circling the drain. There are specific things we can and should do
1. BE MORE DISCERNING
Critical thinking and common sense are in decline these days.
Rather than just swallow what we’re fed by the mainstream media, we need to question it.
Most people are just unaware that 90% of all American media is controlled by six global conglomerates that also hold assets in the military complex and oil industry, and are interconnected with major banking interests.
2. GET THE FACTS
Read both of the articles linked below and make sure to watch the videos on those pages.
Remember, be discerning. So crosscheck the info in these articles to make sure the facts are accurate.
a) Click here to see why the coming economic collapse is a mathematical fact.
b) Click here to see why “Obama vs Romney” is an illusion of choice.
The first article will convince you just how deep of a hole we’re in. The second will help you understand that we can’t depend on the government to get us out of this mess.
4. GET READY NOW
There’s a ton of online resources on this subject. Sometimes the information is helpful and practical, and other times it’s outdated or incomplete. Also, beware of the sites out there that try to scare the crap out of you just to sell you their eBooks on emergency preparedness. Still, if you take your time, you can find lots of good info online.
With that said, we are currently working on a free “how to” guide with an easy to follow step by step action plan. It will outline practical but critical actions you should take right now to get ready for the ensuing chaos, along with financial advice to safeguard whatever savings you may have. FYI, CrisisHQ.com does not sell gold or bunkers or anything else for that matter. Our single mission is to help you be prepared instead of scared.
To be notified when we publish the article on “How to prepare for the coming crisis,” please subscribe to our article notification list using the form in the box on the right. We hate spam just as much as you do, so we don’t sell or share your email or ever send out spam. Your info is kept absolutely private and safe.
5. VOTE FOR JOHNSON
Gary Johnson of the Libertarian Party is one of the few honest politicians that America has left. Unlike Obama and Romney, Gary Johnson has a proven track record and he supports the same policies as Ron Paul in regards to wars, debt and civil liberties. So, if you are actually going to vote this November, at least vote for someone who is not just another puppet of the system.
3. SPREAD THE TRUTH Individually we are ineffective. But together we have a chance. The powers that be count on the sheeple to be asleep. They also count on our willful ignorance, because they know that rather than accept the unpleasant reality, people readily deny the obvious.
River to Sea Uprooted Palestinian
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this Blog!
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