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Will the U.S. Start WWIII?

13 Aug

[courtesy Google Images]

[courtesy Google Images]

Bill Holter (the Holter Report) writes in “Will We Kick the Table Over?” that,

 

“I have read an unconfirmed report that 139 of the world’s nations are already in agreement to abandon the dollar. . . .

“I personally believe that this is very probable . . . a complete “break” away from the U.S. and western financial systems is perfectly logical leading into some sort of reset.  I believe that the reset will occur without any input or guidelines from the U.S.  In my opinion, the “reset” will be imposed on the U.S. . . .

The danger is that the U.S. ends up ‘kicking the table over . . . [causing a] WWIII.  Make no mistake, World War III has already started in many forms, especially trade and finance.

“. . . I think the most likely scenario is a global war and one that is started by the U.S.  The U.S. is not going to go down quietly, lose power and become a 3rd world nation without kicking and screaming.”

 

I agree that a global currency reset might reduce the US to the status of a 3rd World Country.

However, I disagree with Mr. Holter’s contention that the US government will start WWIII to protect the value of the fiat dollar.

After all, with government’s assent and approval, the fiat dollar has lost 95% of its purchasing power since A.D. 1971. After allowing and even causing the loss of 95% of the dollar’s value, why would the government start WWIII to protect the remaining 5%?

It’s true that, after Saddam Hussein started selling Iraqi crude for euros in A.D. 2000, our gov-co invaded Iraq. But that invasion was not to protect the fiat dollar against devaluation. That invasion was to protect the “petro-dollar” and its status as “world reserve currency”. That invasion failed to achieve those objectives.

Today, all that’s left to defend is the fiat dollar’s perceived value. I doubt that our government has much interest in that defense.

 

•  Given that the NSA spies on all Americans, most people in the EU and certainly the leaders of the world’s governments, I doubt that 139 nations could “secretly” agree to dump the dollar without the US government finding out. If the US objected to the dollar being dumped, some or all of those 139 nations might suffer a number of assassinations before a “dollar reset” was “imposed” in the US.

But no outbreak of political assassinations has been observed.

Why? Because the past 40 years proves that the US government wants inflation (devaluation) and would like nothing better than an excuse to devalue the existing dollar by another 30%, 50% or maybe more.

Why? Because if the dollar is dramatically devalued, so is the national debt.

I.e., the “official” national debt is $17 trillion. If the dollar was suddenly devalued by 50%, the value or purchasing power of the national debt would also be devalued by 50%. Government would still be liable to repay a nominal “$17 trillion” to its creditors, but those dollars would only be worth half as much as they are today. The creditors would only receive about $8 trillion in purchasing power for the $17 trillion that they’d loaned to gov-co.

Given that the US government is the world’s biggest debtor, a global “reset” that devalued the dollar would reduce the government’s national debt by robbing government’s creditors and thereby help the US government,  .

 

•  Over $5 trillion of the $17 trillion national debt is owed to foreign creditors, some of whom must be among the 139 nations allegedly planning to dump the dollar.

The quintessential foreign creditor is China—which allegedly holds over $1 trillion in US debt. If there were a global “reset” that devalued the dollar by 50%, China would lose $500 billion in purchasing power.   Do you think China wants to dump and devalue the US dollar bad enough to take a $500 billion haircut?

I don’t.

So, who’s more likely to start WWIII? The US government—which would be enriched by a global reset? Or China—which would be robbed by a global reset?

This argument is only amplified if our real national debt is closer to $90 trillion (as claimed by John Williams at Shadowstats.com) or over $200 trillion (including unfunded liabilities) as claimed by the Congressional Budget Office.

Of course, if the US dollar were devalued by 50%, the America’s people and economy would be hurt. Many might suppose that in order to protect the people and economy, our overly-indebted government would fight to preserve the dollar’s value.

Again, I disagree.

When was the last time you saw the US government fight to do what was right for the American people—especially if doing so hurt the government?

I suspect our government would secretly cheer for a global reset that would reduce the value of dollars by 50% (or more) and thereby also reduce the national debt by 50% (or more).

I suspect that our government would like nothing better than to see 139 foreign nations “gang up” in the US and dump/devalue the dollar. If that happened, the US government could claim to blameless for whatever adverse economic consequences afflicted the American people.

For the US government, a global currency reset imposed by 139 foreign governments might be the best of all possible worlds. First, that global reset would allow the US government to rob its creditors. Second, that global reset would allow the US government to avoid taking the blame for devaluating the dollar.

(In fact, when I think about it, if there are 139 nations eager to dump and devalue the dollar—I’ll bet that “gang” may be secretly organized, encouraged and even controlled by the US government.)

 

•  As I’ve argued for years, “What can’t be paid, won’t be paid.” Anyone with an IQ over 90 who looks at the US national debt knows that it’s too big to ever be repaid in full. That means that the US must inevitably default on some or all the US national debt at some future date.

The only questions are:

When will that default take place? And,

Who will be blamed for the default?

We know that, no matter what happens, the US government will be responsible for devaluing the dollar. But who will be blamed? China? Russia? The EU? The “gang of 139”?

The reset is going to happen, and every American debtor will cheer when it does. Creditors will be robbed. Much of the capital needed to run our economy will disappear. Few people will understand or care.

But when will this inevitability occur and who—other than the U.S. gov-co—will be blamed?

We shall see.

 

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5 responses to “Will the U.S. Start WWIII?

  1. cynthia

    August 13, 2014 at 9:08 AM

    Notice – This is a private posting from a living man to other living men. Fiction corporations are not acknowledged.

    There are many forms of ‘war’ or ‘conflict’ physical combat certainly is one, as are ‘trade and economic sanctions’ as well as the rampant selling of both currencies and physical land to other nations by men and men posing as pirating\profiteering corporations. In this capacity there has been a never ending ‘global war’ going on ‘behind the scenes’ for centuries for which there could reasonably be said that there are thousands if not millions of men acting in ‘treason’ against both Americans and “United States of America” the corporation – all ‘sanctioned’ by said ‘government’ and the men that turn a blind eye to those ‘treasonous’ activities all for greed or the ‘all mighty dollar’ above ‘security’ and life.

    It could also be said that there are thousands of actions going on daily that involve the slow genocide, murder, and assisted suicide of millions of men\womb by even well known companies such as Lockheed Martin, IBM, WalMart, JC Penny, etc. This is not just use of ‘sweat shops’ but also WallStreet, and your basic grocery store and fast food chains. Why? Because all involved in “Job” – think of Job in the Bible, we are coerced under duress into a ‘for hire’ ‘job’ or ’employment’ for which those on the “Board” and “Chiefs” garner ‘profits’ off all labor of said ’employees’ above and beyond their own ‘wages’ as well as many companies having a ‘standard operating procedure’ of taking an Insurance Policy out on their employees – with NO disclosure, and much more… This is only the ‘tip of the iceberg’ in fact.

     
  2. Dr. Richard Welser

    August 13, 2014 at 11:10 AM

    Well, ain’t this a conundrum. While my first inclination was to support the BRICKSA nations (because I believe the USA inc. (plus the ‘elite’) is indeed the evil empire…), I had not considered the economic implications as noted above… While I wish firmly for great evil to befall the ‘elite’, it wouldn’t be such a good thing for that evil (and or its demise) to trickle down on the rest of humanity. It is also possible that there are circles of evil within other circles… and who really knows what machinations are occurring at the upper atmospheric levels… only the ‘shadow’….

     
  3. dejure

    August 13, 2014 at 2:32 PM

    So, if WWIII were to break out, who would the U.S. contract with to make its war equipment? We are hurting more than a little for iron factories and so forth, since they all were allowed to escape the corporate taxes by moving out of country.

    Needless to say, it would take time to get up to back up steam (rebuild and tool the factories). Meanwhile, a lot of war damage would be done. It’s kind of hard to fight a war without industrialization.

     
  4. MPK

    August 13, 2014 at 5:57 PM

    The only war the US of a Antichrist’ will have’ will be the US of a Antichrist’ government VS the people, and its on its own soil. The EU and other nations are fully aware its past the time to switch off the sucking wealth vacuum cleaner of the American corporations and send the US of a Antichrist’ a very clear message, It an’t running things no more, and its big stick of the ( US of Antichrist Military and Homeland Security acting like the Father Land using Hitler tactics ) is turned upon its own people, but by its very own leaders in power.

    What you allowed to be sown throughout the world ‘ Boy you are going to reap! WW3 is future and the US Antichrist is only a minor unimportant outpost of the New World Order, Israel is the key for control of a one world government to be ruled from, Europe will be the New Revised Roman Empire with the Vatican as the whore on the seven hills destroyed by the coming EU Antichrist leader, In what mind do the USA people think that they are special in any way but was used as a pawn in the coming antichrist system of the hidden EU agenda to world power and conquest of the world, and all for the coming EU Antichrist, the one man that shall destroy many. The USA is but a pawn and like prawn it will be devoured like any other when its usefulness has run out, and then it is spit out of the dragons mouth.

    Its your own ignorance of the facts that will destroy many of you, by the very people you have placed into power, think not that I leave you in ignorance of your own self appointed destruction, the USA will become it self full of collateral damage and will never recover, but become a slave nation to serve the coming EU antichrist aims for world conquest. Russia and China are very worried and they are only two nations that will stay separate and will not join the Antichrist EU world Government to come, so this tells you what you are, and who you already belong to.

    Deceived all the way to hell with Satan as your master pulling your strings.

    MPK.

     
    • Anthony Clifton

      August 14, 2014 at 9:18 PM

      I take it your not a follower of Jesus,
      and haven’t read the Good News in Matthew…

      As therefore the tares are gathered and burned in the fire;
      so shall it be in the end of this world.
      The Son of man shall send forth his angels,
      and they shall gather out of his kingdom all things that offend,
      and them which do iniquity; And shall cast them into a furnace of fire:
      there shall be wailing and gnashing of teeth.
      Then shall the righteous shine forth as the sun in the kingdom of their Father.
      Who hath ears to hear, let him hear.

      http://biblehub.com/kjv/matthew/13.htm

      So shall it be at the end of the world: the angels shall come forth,
      and sever the wicked from among the just,
      And shall cast them into the furnace of fire:
      there shall be wailing and gnashing of teeth

      http://www.darkmoon.me/2014/dont-expect-to-live-much-longer/

      Jesus didn’t start a “Religion”…
      He commanded to….”KNOW THE TRUTH” …!

      Is that Great news or what ?

       

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