“We will not waver in our determination to confront the Islamic State … If terrorists think we will weaken in the face of their threats they could not be more wrong.” (Barack Obama and David Cameron, Strengthening the NATO alliance, op ed published in the London Times, September 4, 2014, emphasis added)īut these “Barbaric Killers” were created by the Western military alliance. Ironically, President Barack Obama and Prime Minister David Cameron (who is hosting the NATO Summit in Wales), have asserted that they “will not be cowed by barbaric killers”: The Atlantic Alliance’s “Holy War” against the Islamic State (ISIS): NATO’s Role in the Recruitment of Islamic TerroristsĪccording to Israeli Intelligence News Source – “Islamic State”: Pretext for US attack on Syria? Well this is where the dollar meets geopolitics. Now you might be wondering how the dollar has maintained such a dominant position on the world stage for over forty years if it’s really little more than an elaborate ponzi scheme. As a result there is always more total debt than there is money in circulation, and in order to stay afloat the economy must grow perpetually. Now to make things even more interesting these fractional reserve loans have interest attached, but the money to pay that interest doesn’t exist in the system. This practice which is referred to as fractional reserve banking is supposedly regulated by the Federal Reserve, an institution which just happens to be owned and controlled by a conglomerate of banks, and no agency or branch of government regulates the Federal Reserve. Kind of like writing hot checks, except it’s legal, for banks. The rest is created by the Federal Reserve which loans money that they don’t have, mostly to government. With debt based currencies money is literally loaned into existence.Īpproximately 70% of the money in circulation is created by ordinary banks which are allowed to loan out more than they actually have in their accounts. In 1971 in what later came to be called the “Nixon Shock” President Nixon removed the dollar from the gold standard completely.Īt this point the dollar became a pure debt based currency. The result was rampant inflation and a general flight from the dollar. Translation: the Federal Reserve was printing more money than it could actually back.
dollars, however the United States had only $3.2 billion in gold allocated to cover foreign holdings. According to the IMF, by 1966, foreign central banks held $14 billion U.S.
dollar was bound to the gold standard, at least officially. Many currencies have held the reserve status off and on over the centuries, but what makes the dollar unique is the fact that since the early 1970s it has been, with a few notable exceptions, the only currency used to buy and sell oil on the global market. Though it has been the world reserve currency since 194 this is not what makes it unique. In fact its current design and its relationship to geopolitics is unlike any other in history. Once you understand why, the events unfolding in the world right now will make much more sense. As such, when you see the mouthpieces of the ruling class begin to demonize a foreign country, the first question in your mind should always be “what is actually at stake here?”įor some time now Russia, China, Iran, and Syria have been in the cross hairs. * Jim Willie: The Crash Heard Round the World- Saudis to Reject USD for Oil PaymentsĬontrary to popular belief, the conduct of nations on the international stage is almost never driven by moral considerations, but rather by a shadowy cocktail of money and geopolitics. * Russia FinMin Calls For Shift Away From US Treasurys Into BRIC Bonds, Settlement In Non-Dollar Currencies * This Is Why Russia & China Are Now “The Enemy” * China set to win Asia gold pricing race with new exchange * Leo Wanta – “Veterans Today _ PuppetGate_circa2014” * Sri Lanka Says NO to IMF Demand To Increase Electricity Tariffs! * “Islamic State”: Pretext for US attack on Syria? * Liquidations Continue: Stocks, Dollar Slide, Precious Metals Pounded In Asia Trading * Global Leading Indicator Plunges To Economic “Slowdown”, Goldman Warns The real reason Russia and Syria are being targeted right now
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