For Whom the Currency War Tolls

Hanami celebrations under the cherry blossoms in Ueno Park, Tokyo (Photo credit: Wikipedia)

According to the South China Morning Post (“Japan stimulus will start currency war, say Chinese economists”),

“The Bank of Japan will double its monetary base to 270 trillion yen (HK$22.1 trillion) by March 2015.”

 

Doubling their monetary base?!  In just 2 years?!  That’s an average of 50% increase per year!  Ohh, the beasts!  The damn Japs are inflating the yen and starting another currency war!!  Ohh-Em-Gee!!!

 

The Root of All Evil

The following video offers a compelling argument that all modern wars are initiated by and for the owners of the world’s central banks.  Michael Rivero (the video’s author) speaks a little too fast, but he makes good sense.  If you listen to this video often enough to learn and understand the argument and evidence, you’ll understand more about this world’s current reality than 99.9% of the American people.

The video implicitly points towards the spiritual basis for the bankers’ wars:  the love of money.  The Bible, of course, declares at 1 Timothy 6:10 (KJV) that the “love of money” (not money, itself) is the “root of all evil”.   And who loves money more than the private, central bankers?  In the name of central bankers’ love of money, we kill foreign nations and and they kill us.

video      00:43:44

 

First to “See”?

Seeing (Photo credit: parker yo!)

In July of A.D. 2009, I posted an article on this blog entitled “The Undefined Dollar, Part II”.  In that article, I wrote in part:

 

“Our current economic problem began in 1934 when President Roosevelt removed gold-backed dollars from domestic circulation.  The problem was aggravated in 1968 when the gov-co stopped redeeming paper silver certificates with silver dollars and thereby removed all tangible definition from the domestic dollar.  The problem was further exacerbated in 1971 when President Nixon closed the “gold window” in international trade and thereby left the dollar without definition in both the domestic and international spheres.

“Once the dollar was completely undefined, the U.S. should’ve soon suffered a massive economic failure.  However, Nixon and Kissinger devised a brilliant deal with Saudi Arabia whereby the U.S. guaranteed the Saudi’s security and the Saudi’s guaranteed to sell their crude oil for dollars only.  OPEC quickly followed the Saudi’s lead and for the next 30 years, any nation that wanted to purchase oil on the international market could do so only with dollars.

 

Comin’ Home to Gold

1854 Gold Dollar, Liberty Head, Obverse (Photo credit: Wikipedia)

The Daily Reckoning Australia reports that,

 

“SOMETHING is brewing.  We don’t know what it is, but it feels ominous. . . .  we know the financial system is broken and that the market should collapse. We know you can’t solve a debt problem by increasing debt.

“Jim Rickards reckons the most likely outcome of all this is chaos. . . .  When a system of international finance comes to an end, it normally goes through a chaotic period before another system emerges.

“What will that new system be?  Rickards puts a number of options forward.  All involve something taking over from the US Dollar as the world’s reserve currency.

“The problem with the US Dollar is that it fulfills the dual role of domestic currency and international reserve asset. This gives rise to the ‘Triffin Dilemma’, named after the economist Robert Triffin. The dilemma is that the objectives of managing a domestic currency run contrary to the objectives of an international reserve asset.”

I.e., a currency can serve only one “master”.  The US dollar can serve only the people of the USA or only the people of the world.  If the dollar serves one, it must slight the other.

 

Utah Legalizes Use of Gold & Silver Coin for Paying Debts

Great Seal of the State of Utah (Photo credit: Wikipedia)

More Google hits than any other proposed Utah bill.

An idea whose time has come–again.

This could be reason to move to Utah.  Or maybe it’s reason to stay where you are and compel your state legislature to pass a similar bill legalizing the payment of debt in your state with gold or silver coin.

video

00:04:20

http://www.youtube.com/watch?v=WCbrOzhwkXc&feature=player_embedded

 

Currency Wars: The Final Battle?

Français : plusieurs billets de 5000, de différentes monnaies : franc, yen, lire, dollar (Photo credit: Wikipedia)

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) describes itself as, “a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 9,000 banking organisations, securities institutions and corporate customers in 209 countries trust us every day to exchange millions of standardised financial messages.”

SWIFT is the backbone of global free trade.  By means of SWIFT, businessmen in virtually any country can digitally buy or sell products to other businesses anywhere else on the globe.  Without access to SWIFT, global trade would be slow, uncertain and difficult.

The US gov-co has recently ordered Iranian banks be denied access to SWIFT until the Iranian government agrees to meet US demands concerning Iranian nuclear weapons.  Nations such as India (which are buying crude oil from Iran) are also threatened with restricted access to SWIFT unless they stop purchasing Iranian crude.

According to Bloomberg (“U.S. Wants Iran Oil Buyers to Pledge Cuts or Risk Sanctions”),

 

“If a country doesn’t prove it’s making the necessary reductions [in the purchase of Iranian crude oil] by the end of June, any institution in that nation that settles petroleum trades through Iran’s central bank will be cut off from the U.S. banking system.”

And conversely, the US banking system (and US dollar) will be “cut off” from any nation that continues to trade with Iran.

The question is:  Who needs who?

 

US Pushed the “Nuclear Economic Trigger”

Key Petroleum Sector facilities (2004) Iran and Strait Of Hormuz (source: CIA map)

Jim Sinclair is one of the best known “gurus” in the gold investment industry.   In the following interview, Mr. Sinclair explains the significance of 1) Iran’s sale of crude oil to India and Japan for currencies (including gold) other than the fiat dollar; and, 2) the US government’s threats against India and even Japan for buying Iranian oil with currencies (or gold) other than the US dollar.

Sinclair describes these conflicts as taking place in the context of economic warfare.  He’s serious. He’s not referring to “economic warfare” as a metaphor.  He means we are at war, right now.  Objective?  To protect the fiat dollar from destruction.

Sinclair describes US threats against not only “wicked” Iran, but also against our allies India and Japan as evidence that the US has pushed the “Nuclear Economic Trigger”.  That description is a metaphor.  There’s nothing actually “nuclear” (so far) about the current economic threats.  ”Nuclear” is simply intended to illustrate the magnitude of the economic power that’s being released (or at least threatened) at this time.

 

90 Days?

Image via Wikipedia

In my January 16^th, A.D. 2012, article, “Invading Iran (Rounding Up the Usual Suspects),” I reported on Iran’s recent decision to sell crude oil to India for gold rather than fiat dollars or even fiat rupees.   I explained my belief that the U.S., EU, NATO, the central bankers, and the New World Order would be thereby compelled to invade and destroy Iran.  By moving away from all fiat currencies, Iran was implicitly returning the world towards a gold standard.  By doing so, the Iranians had struck a potentially mortal blow against all big governments, all central bankers, and the New World Order—all of which are ultimately built on fiat currencies.  I predicted that the “forces of fiat” would be compelled to invade and destroy Iran as an act of self-preservation.

Until that time, the primary pretext for invading Iran was Iran’s nuclear weapons program.  We had to invade to prevent Iran from getting “the bomb”.  The actual reason for invading was probably to seize control of some Iranian oil wells.  In other words, our government’s primary reason for invading Iran was looting–to steal Iranian oil.

Looting is a time-honored reason for invading a foreign country.  Armies have marched since time began in order to loot weaker nations and steal their wealth.

Looting is one of the “fun” reasons to invade a foreign country.  But it’s not a compelling reason.  Sure, we’d like to rob Iran, and if we get the chance, we will–but we are not compelled to invade Iran simply to steal their crude oil.

 

Iran to Sell Crude Oil for Gold Story CONFIRMED

Image via Wikipedia

On January 24th, I published “Iran to Sell Crude Oil for GOLD“.  I described the story as potentially the most important of the year and, if true, likely to precipitate an attack or invasion of Iran.  But I also admitted that the report was based on a single source (DEBKAfile) and though it seemed credible, might be mistaken.

Today, I see the following video wherein Russia Today TV news confirms the original report:

00:02:37

http://www.youtube.com/watch?v=N1GtcrVOYDw&feature=player_embedded#!

The sale of crude oil for gold is not an absolute guarantee that Iran will be attacked or invaded, but it’s pretty close.  The world is shaking, right now.  The world is being changed by the sale of crude for gold.  If this sale is allowed to stand, the U.S. dollar will die, and the New World Order will expire.  The world is at war.

 

Iran to Sell Crude Oil for GOLD

Image via Wikipedia; The Ash Heap of History

This might be the biggest story of the year.

As I’ve reported earlier (see Invading Iran (Rounding Up the Usual Suspects), the fiat dollar has been the World Reserve Currency since the end of WWII and the only currency capable of purchasing crude oil on the international markets from A.D. 1971 through A.D. 2005.  The fiat dollar’s primacy in international oil trade created a foreign demand for “petro-dollars”.  That demand created an artificial, extrinsic value for fiat dollars that are intrinsically worthless.

Saddam Hussein threatened the dollar’s primacy as the world’s only “petro-dollar” in A.D. 2000 by selling Iraqi crude for euros.  We invaded Iraq in A.D. 2003, wrecked the country and hanged Hussein, but it was too late to stop the world’s slow slide away from reliance on “petro-dollars”.  As a result, the dollar’s value as measured on the US Dollar Index has fallen about 36% since A.D. 2000.