I have been saying for over 2 years that the banking cabal will lose their ability to manipulate the price of precious metals. This story will give you one of the biggest reasons. The US dollar is about done as the world's reserve currency for oil. There is a lot of pressure now from the eastern countries to use other currencies to buy oil and where does that leave the dollar? And with all these countries working with gold and other precious metals to buy oil what is going to happen to those prices? If you have any wealth stashed in the form of paper dollars or in a bank or IRA or 401K don't leave it there. Read this article and take action now before you get caught in the dollar collapse. It's accelerating like mad right now. This is also the real reason why the banking cabal wants a war in Iran. They want to prevent Iran from selling oil for gold and eliminating the dollar. They want to FORCE everyone in the world to use their paper worthless fiat currency at the point of a gun! Since when does one nation have the right to force another nation by force of arms to use it's currency? It's NOT going to work. We are going broke and we can't keep their war machine going. Just look at the numbers in the transactions for oil below and you will realize the importance of this.
If the middle east refuses to play footsie with the IMF and the banking cabal and jumps ship to start paying for oil with gold the jig is up, and there will be NO new world currency, and NO new world order.
Where does that leave the dollar? Get out of dollars now while you still can.
It's time the American people get their head out of the sand and end the fed and the banking cabal.
It's time to take back the power to coin our own money from the fed and end this eternal war mentality.
IT'S TIME TO ELECT RON PAUL
This might be the biggest story of the year
As reported earlier (see Invading Iran (Rounding Up the Usual Suspects http://adask.wordpress.com/2012/01/16/invading-iran-rounding-up-the-usual-suspects/#more-12330
, the fiat dollar has been the World Reserve Currency since the end of WWII and the only currency capable of purchasing crude oil on the international markets from A.D. 1971 through A.D. 2005. The fiat dollar’s primacy in international oil trade created a foreign demand for “petro-dollars”. That demand created an artificial, *extrinsic* value for fiat dollars that are *intrinsically* worthless.
Saddam Hussein threatened the dollar’s primacy as the world’s only “petro-dollar” in A.D. 2000 by selling Iraqi crude for euros. We invaded Iraq in A.D. 2003, wrecked the country and hanged Hussein, but it was too late to stop the world’s slow slide away from reliance on “petro-dollars”. As a result, the dollar’s value as measured on the US Dollar Index has fallen about 36% since A.D. 2000.
Earlier this month, in “*Iran, Russia Replace Dollar With Rial, Ruble in Trade,” Bloomberg* reported:
“Iran and Russia replaced the U.S. dollar with their national currencies in bilateral trade . . . . The proposal to switch to the ruble and the rial was raised by Russian President Dmitry Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad . . . . Iran has replaced the dollar in its oil trade with India, China and Japan.”
This announcement constitutes a body blow to the dollar. Insofar as China, Japan, India and Russia (the 2nd, 3rd, 9th and 11th largest economies in the world) are beginning to trade in their own currencies and without the intervening “aid” of US dollars, the dollar is clearly being stripped of its status as World Reserve Currency and “petro-dollar”. Without that status, the extrinsic support for the dollar’s value must fade and the dollar will be increasingly subject to inflation and devaluation.
Note that the proposal to abandon the dollar was raised by *Russia*.
But yesterday, DEBKA*file *published an article that, if true, may be the single most important story of the past year. The headline reads, “*India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned”.*
*Ah heard dat! Stunned, indeed!*
Oil and gold markets must be stunned. The U.S. government must be stunned. Those who believe in the value of the dollar must be stunned. The world’s central bankers and New World Order (both of which are built on fiat currencies) must be stunned.
It’s one thing for the nations of the world pay fiat rubles, fiat rupees or fiat yuan (rather than fiat dollars) for crude oil. Such payments hurt the fiat dollar’s illusory value, but leave the power of *fiat* currencies and central banks largely untouched.
But paying for crude oil with gold rather than fiat dollars, attacks all fiat currencies and not only threatens to terminate the dollar’s role as World Reserve Currency, but threatens to prevent any new fiat currency from taking its place. From the perspective of the U.S. and New World Order, paying gold for crude oil must be deemed an *act of war*.* *
According to the DEBKA*file* report,
*“India* is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile’s intelligence and Iranian sources report exclusively. Those sources expect *China to follow*suit. India and China take about *one million barrels per day*, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.”
1 million barrels at $100/barrel = $100 million per day. At current prices, we’re talking almost 60 thousand ounces of gold per day = roughly *2 tons of gold per day*. The U.S. and London commodities markets may soon see an increased daily demand for 2 tons of *physical* gold.
The sale of Iranian oil for gold is a mortal blow to any plans by the globalists to replace the fiat dollar with some other “new and improved” fiat currency. If India and China are allowed to start paying their debts with gold, the next “world reserve currency” could only be gold. No more fiat currencies. No more “spinning money (fiat currency) out of thin air”. No more big governments. No more central bankers.
If an agreement to pay Iran 2 tons a day in gold for oil is allowed to stand, the dollar’s demise will be accelerated and the New World Order will be virtually destroyed.
I doubt that the globalists will allow the gold-for-oil deal to go through. They won’t attack China or India, but the deal would be easily terminated if *Iran* were invaded, destroyed and stopped from selling its crude oil to anyone for anything.
I’ll bet that if the gold-for-oil story is true, the US, Israel, Saudi Arabia, and some elements of NATO will invade Iran within 60 days. A pretext (probably closing the Strait of Hormuz) will be found.
• In the meantime, if China and India spend 2 tons of gold per day for crude oil, the price of gold should rise. Mathematically, that rise may not be very large, but the psychological impact should be significant.
The increasing demand for *physical (*rather than paper-) gold will tend to stop the manipulation of gold prices on the U.S. and London commodities markets. India’s and China’s increasing need for physical gold will cause them to demand physical gold from the U.S and London commodities markets which have heretofore excelled at selling non-existent, “paper” gold at artificially reduced prices. As India and China buy and take possession of more physical gold, gold’s price will rise.
Other nations should follow India’s and China’s lead and also demand to receive physical gold at the artificially low prices maintained on the U.S. and London commodities markets. The markets will be forced to either sell their physical gold at give-away prices or raise prices to true free market levels—and they will not give their gold away.
As the price of gold rises, the perceived value of the dollar will fall even faster, leading to more and more inflation.
• Again, the decision to sell crude for gold will be perceived as an *act of war* against the fiat dollar, fiat currencies in general, central bankers, the U.S., probably the EU, and the New World Order.
With or without pretext, the globalists will invade Iran as a matter of *survival*.
But even if Iran is prevented from selling its oil for gold, you can bet that other oil producing countries are approaching India and China in hopes of negotiating their own gold-for-oil deals. If India and China will pay gold to Iran, why not pay gold to other oil-producing nations? I guarantee that oil-exporting nations around the world are gearing up to ask to be paid with gold for their oil.
• “By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank’s assets and the oil embargo which the European Union’s foreign ministers agreed to impose Monday, Jan. 23. . . .
. The EU decision of Monday banned the signing of new oil contracts with Iran at once, while phasing out existing transactions by July 1, 2012, when the European embargo, like the measure enforced by the United States, becomes total. The European foreign ministers also approved a freeze on the assets of the Central Bank of Iran which handles all the country’s oil transactions.”
The EU and U.S. have agreed to impose an oil embargo on Iran. An embargo is an “act of war”.
Iran has responded with its own “act of war”—selling Iranian crude for gold. Although most people won’t understand, from the globalist perspective, selling Iranian crude for gold is a far more aggressive and provocative act than closing the Strait of Hormuz.
A war—albeit without bullets—has already begun. We can expect that war to soon escalate to the use of the bullets, bombs and invading soldiers.
• The DEBKA*file* report continues:
“Delhi is to execute its transactions . . . through two state-owned banks: the Calcutta-based UCO Bank, whose board of directors is made up of Indian government and Reserve Bank of India representatives; and Halk Bankasi (Peoples Bank), *Turkey’s* seventh largest bank which is *owned by the government*.”
Now, the *government* of *Turkey* is peripherally involved in the sale of oil for gold.
We’ve seen recent allegations that one or more Iranian nuclear physicists have been assassinated in order to prevent Iran from developing nuclear weapons. I wouldn’t be surprised if some of the bankers and/or government officials in India and Turkey who are implementing the sale of oil for gold are also found dead in the near future.
• A coalition of India, China, Turkey, Russia and Japan have joined together to buy oil from Iran with their own domestic currencies or even gold—but not with the fiat dollar. In doing so this coalition has threatened the fiat dollar, fiat currencies in general, central banks, the United States and the New World Order.
This is big. This is dangerous.
In some regards, this story may be more important that the German Nazis joining the Italian Fascists prior to WWII.
It won’t be possible for the U.S. and/or New World Order to openly attack all of the members of the new anti-fiat-dollar coalition. But there is one central player in that coalition: *Iran*. All of the other members of the collation are seeking to purchase crude oil from *Iran*.
Thus, if Iran could be stopped from selling its crude oil to everyone, it would also be stopped from selling its crude oil to India (and soon China) for gold. The dollar would be protected. Fiat currencies would be protected. Central banks, big governments and the New World Order would be protected—IF Iran could be stopped from selling any crude oil.
It may yet be possible to stop the sale of Iranian crude for gold by diplomatic means, but I’d bet the odds favoring an invasion of Iran are now 4:1.
• The sale of Iranian crude for gold might not be a fatal blow to the fiat dollar—or, then again, maybe it is.
Gold is reemerging as the world’s only “global reserve money”.
When Iraq sold their crude oil for *fiat* euros instead of fiat dollars, the U.S. gov-co punished Iraq with *nine years *of invasion. Iran is preparing to sell its crude oil for *gold* rather than fiat dollars. Relatively speaking, selling oil for fiat currencies is a misdemeanor; selling oil for gold is a felony. God only knows what our gov-co will do to Iran.
All that is necessary for evil to triumph is for for good men to do nothing. - Edmund Burke
.....the people who take decisive action during a crisis are not reacting, they're responding. Their response is governed by the security of knowing they are well prepared and ready to do whatever needs to be done. They can respond successfully because they have done their homework [and are prepared spiritually, physically, mentally and emotionally]. - Brian Brawdy, Survival Expert
.....those intent on surviving the pole shift get into gardening and keeping herds and flocks early, forsaking the comfort and excitement of city living and the pleasant climate and recreational charms of coastal living. Move inland, to high ground, into rural areas, and get callused hands. - The ZETA'S
The Money Scam (as explained to Grandma) http://www.youtube.com/watch?v=GBJ1kxnVMw4
The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum - even encourage the more critical and dissident views. That gives people the sense that there’s free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate. - Noam Chomsky
"George Carlin's, The American Dream": http://www.youtube.com/watch?v=acLW1vFO-2Q
American Dream cartoon: http://www.youtube.com/watch?v=tGk5ioEXlIM
"If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit. The modern banking system manufactures money out of nothing." - Josiah Stamp (former President of the Bank of England)
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes “Just look at us. Everything is backwards; everything is upside down. Doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information and religions destroy spirituality.” - Michael Ellner
Fall of the Republic Movie: http://www.youtube.com/watch?v=VebOTc-7shU
Money as Debt Documentary: http://www.youtube.com/watch?v=_doYllBk5No
Tin Hat Cafe Reality News: http://dumpod.org/
The Amazing Potential of the Human Species: http://www.visualizedaily.com/
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