If you've been paying attention, you know the money powers have planned to collapse our currency the entire time. A 96% devaluation of the dollar since 1913 cannot happen by accident. They knew it when they created the Fed, they've been aware of it the entire time, and they present it to us as something good for us, because the average idiot has no idea what the Fed or inflation is. They think the fact that a loaf of bread cost a nickel when our grandparents were kids yet now costs three dollars is just the natural increase in prices, when, were all things to be equal, with technological developments that would increased efficiency and productivity, the price of bread should've gone down.Meanwhile, for decades, economic profits like Ron Paul have predicted the collapse of the dollar due to Fed inflationary policies - this collapse being the inevitable and unavoidable outcome of such a policy. Again, this cannot have been an accident; they knew exactly what they were doing the entire time. The answer then becomes, not who, but why? Every economic crisis for at least the last 100 years has been engineered by the robber barons. They know how to manipulate the market, usually through manufactured confidence or fear. The panic of '07 was engineered by JP Morgan as justification for demanding a central bank - The Fed. Every boom since has been the result of the Fed's expansionary monetary policies, and every bust the result of the Fed's money contraction. They inflate the bubble, hoodwink the people into investing in it, then burst the bubble by pulling out of the market en masse, so that those on the outside lose everything, then they buy up the spoils at pennies on the dollar. They then reinvest in the market, reinflate the bubble, and the cycle continues, ad infinitum, leading, inexorably, to the here and now, when the dollar has been stretched as thin as it's going to go, so they will collapse it, along with our entire economy, so they can consolidate it under a global cashless scheme and world government. And the media continues to tell us this is the only thing that can save us. Yet every time they create a crisis, declare themselves the savior if we only give them more power and more money, the middle class only seems to be further obliterated, and the gap between rich and poor expands. Again, this was the plan the entire time.
- Politico -
It’s the biggest mystery in global finance right now: Who conducted a sneak attack on the U.S. dollar this week?
It began with a thinly sourced but highly explosive report Monday in a British newspaper: Arab oil sheiks are conspiring with the Russians and Chinese to quit using the dollar to set the value of oil trades — a direct threat to the global supremacy of the greenback.
Is it true? Everyone from the head of the Saudi central bank to U.S. officials scrambled to undercut the story, but no matter.
With the U.S. economy on the ropes and America by far the world’s biggest debtor, investors aren’t feeling as secure about the dollar as they used to. And the notion of second-tier economies ganging up on Uncle Sam didn’t sound so far-fetched.
For American officials, the possibility of the dollar losing its long-term dominance in global commerce is a nightmare scenario because it would likely mean sharply higher interest rates at home and a declining ability to finance the U.S. debt. No one believes it could really happen right now, but stories like the British report this week make it seem incrementally more likely.
So the piece by Robert Fisk of the Independent shocked currency traders around the world and almost instantly sent the value of the U.S. dollar spiraling downward and the price of gold skyrocketing to an all-time high, as a hedge against a weakened dollar.
The website drudgereport.com quickly amplified the impact of the story with a headline atop the site: ARAB STATES LAUNCH SECRET MOVES WITH CHINA, RUSSIA, FRANCE TO STOP USING DOLLAR FOR OIL TRADING ...
“You read that story, and you do two things: You sell the hell out of dollars and you buy gold,” said Les Alperstein, president of the financial research firm Washington Analysis. “The story has a lot of credibility, with some caveats.”
So who wanted dollars diving and gold rising? In other words, who is Fisk’s source, and why did he or she want to tank the dollar? It’s the global currency version of the old Washington parlor game of speculating on the real identity of Deep Throat.
No one knows.
But one thing is for certain: With the price of gold jumping to $1,048.20 per ounce, traders who moved early enough stood to make millions.
So in government circles in Washington, speculation immediately centered on gold traders: With the skyrocketing price of gold, they’d be the biggest beneficiaries of the article.
Fisk’s story itself isn’t much help in solving the mystery — it is sourced vaguely to “Gulf Arab and Chinese banking sources in Hong Kong,” and it included one blind quote, attributed to “a prominent Hong Kong broker.” That doesn’t narrow down the pool very much.
