Positions:Long GLD June 19th, 2015 114.00 calls. Paid $6.80, currently $7.30, with a gain of +7.35%
Buy Gold $1191.50, Currently at $1210.20 for a gain of 1.57%
In 1966 the central banks had 14
billion in U.S. dollars, the USD was bound to the gold standard so with only 3
billion in gold to cover the foreign holdings, it just wasn’t enough. When Nixon
declared to “defend the dollar” he removed the USD from the gold slandered in
1971, and the USD became a debt based policy. He claimed he did this for monetary
stability.
In 1973 he had secret meetings with
the head of Saudi Arabia,
and created a deal called The U.S.-Saudi Arabian Joint Commission for Economic Cooperation
(JECOR) this stated that with a few exceptions, Saudi Arabia would sell oil in only
U.S. dollars. Then invest the rest they made into the U.S. treasury markets,
that way the IMF could give loans to other oil importers. The petrodollar
recycling system, Saudi Arabia
would only buy/sell oil in us dollars, this was presented as a buffer to the
rising oil prices. The U.S.
monetary restraints were removed now they could increase money at will, Fractional
reserve banking was taking place.
Currency is everything to the powers
that be, we see a major pattern within the governments and individuals who
control the markets. Like gold, fossil fuels are limited and have been a billion
dollar investment for major corporations worth killing for, even starting a war
over. The main reason for going to war is challenging the USD, it’s the only
thing our government sees as a true threat, we would love to belive its for the
good of the nation or we are helping “them”, all the bogus reasons they state. As
long as we need fossil fuels, and its sold in USD there will be a demand for
the USD, America
will do anything to keep it this way.
In a 1994 an interview with Dick Cheney,
he is asked what will happen if the US
invades Iraq, he actually lists
off country by country how they would be affected if we invaded Iraq. Scary thing is, it is happening
in the present day, since we went to war with Iraq,
he goes down a list of countries and groups that then would be in power, how
the direct events would take place and end with Iran. The same Iran that we
accused of making or having a nuclear weapons except they didn’t, even stated
that they had no intention of doing so. Since 2004 Iran has been organizing their very
own oil market and it wasn’t going to have any ties to the USD.
No surprise the government knew exactly
what would unfold, the risk of the nations and lives that would be massacred,
the money and military that would be expunged. I have stated before, I feel
like these threats of terrorists and disease are extremely convenient, that all
of the places these “events” are taking place, are in regions that we want
access to, or need to gain control over. You may think to yourself, our
government wouldn’t risk so many things for money and power, or oil. Oh but
they are, the Iraq war we campaigned for was primarily
a result of Saddam Hussein switching the oil sold in USD to Euros. This of
course is information that the American people were left in the dark about, even
though this was the biggest geopolitical move of the nation.
Lets put it all together, Dick
Chaney was also member of Project for a New American Century, they released a
strategy called rebuilding Americas
defenses, Strategy Forces and Resources for a new century. A way to expand the U.S. dominance
worldwide, with major funding for the military spending. This stated that
enforcing this would take years to achieve, “absent some catastrophic and
catalyzing event similar to a new Perl
Harbor”. Then 911 took
place one year later. TA-DA, a new Pearl Harbor.
We were able to invade and even impose the patriot act, without any resistance.
While using terrorists as an excuse, weapons of mass destruction was a way in, a
way that the people saw as justification. We know North Korea has weapons of mass
destruction, you do not see us invading them.
As soon as we gained control over Iraq, the oil went back into USD.
