Daily Pauler's: I think I figured out the root cause of our problems. (9/11, War on Terror, tension w/ Russia etc...)Submitted by October2007 on Wed, 09/10/2008 - 03:14
It's simple. It's all about the dollar.
I look at our dollar aka Federal Reserve Note (FRN) as a product or brand. And that product needs to be sold to the people just like any other product.
Since the FRN's aren't backed by anything, American Central Bankers needed to give a reason, for foreign countries to keep accepting and essentially "need" their Federal Reserve Note as a means of exchange. So they came up with a plan to force OPEC to sell their oil exclusively in Federal Reserve Notes. Eventually, most oil companies followed suit.
However, Russia has recently stated that they plan on bypassing the FRN and sell their oil in their own Rubles and possibly even Euros... (Check links below). This is a huge threat to the devaluing FRN. This automatically allows foreign countries to hold less FRN's because they don't need as many to buy oil from the Russians...They can buy oil from the Russians in their own currencies bypassing the FRN.
American central bankers essentially are backing their "product" with oil. But since some oil producing countries are at odds with our government, that can only last so long...
In the year 2000, Saddam stopped selling his oil in Federal Reserve Notes and we soon after had 9/11. 9/11 gave an excuse to attack Afghanistan and protect a very important pipeline. Soon after that we attacked Iraq. Now, Iran just recently stopped selling oil in FRN's (Check link below)...
Since the invasion of Iraq and Afghanistan, we've managed to secure that all sales from Iraq and Afghanistan are U.S. dollar denominated... (And if I had to guess, our war in Afghanistan has allowed us to also control the selling of poppy (opium) in U.S. denominated dollars... But that's just a guess)
Bottom line, the Federal Reserve Note is very very fragile and systematically flawed. It's backed by nothing and the Central Bankers know this and they'll do everything in their power to maintain it... Even if it means WW3.
Oil companies and weapons companies are small peanuts compared to the size and scope of the currency "creators"; the Federal Reserve.
It's all about currency... It's basically a currency war and the Federal Reserve is the "king of currency"... But I have a feeling that it's not going to last and their house of cards will come falling down fast.
That's why we really need to start spreading our message of sound money to as many people as possible. We need to be ready to implement a sound currency or allow competing currencies after the fall of the Federal Reserve Note. It's crucial and should be our primary concern.
Here are some links that support my claims:
Also, here's a more detailed article about what I wrote above: