A senior Obama administration official told Kyle Bass ‘We’re just going to kill the dollar.’
Let me explain what that means.
Hollywood in recent years made popular movies on slavery. What do you call someone who worked all his life only to have everything he worked for taken away? That’s right. They are slaves.
In the old days prior to the American Civil War masters had to feed their slaves in their old age. In fact the black slaves often were better clothed and fed than the poorest whites.
Fast Forward to the Day After The Dollar Dies.
All pensions and savings will vanish. Your paycheck will not be sufficient to buy food. Food Stamps will buy almost nothing. Nationwide Food Riots will burn every American city to the ground.
Inflation transfers wealth from the people who work to make everything to those who borrowed money by the trillions at 0.0%. Inflation also covers up the theft of pensions and savings. There are tens of trillions of dollars stolen money from us in offshore bank accounts waiting for that Glorious Day when everything belongs to the Bankers.
There are no liberals in Congress. What will a 10% increase in the minimum wage mean when food prices are doubled and then doubled again? There are no conservative patriotic defenders of the Constitution in the Congress. What does the Bill of Rights mean in a surveillance state where none of the workers can feed themselves? What does it mean to be an anti-war congressman when you know that the Race Wars start the day after you let Wall Street crash the dollar? What does it mean to be a congressman who voted for every weapons system to make America safe knowing the day after he lets the Bankers crash the dollar he will be turning the streets of America over to extremely violent gangs?
Today’s video in an inspired reading by my Internet friend Patrick of an article by Doug Hagman that originally appeared in the Canada Free Press. Patrick has one of the best voice’s in the world.
I would like to point out that there are 3 exit paths from this situation and not just the one mentioned in the video. I will discuss our other options below.
The exit path mentioned in the above video is the one of the three that the Bankers would prefer. They want to replace the dollar with a new international currency that we could call the NWO Dollar. Your money will exist as credits in a computer. You will be tracked. Your credits will be taken away the day you tick off the Bankers. Your national government will be ceremonial. All governments will be ruled by an international committee guided by the principle ‘One Bank One Vote.’
Not mentioned in the video is the Russo-Chinese option. Russia and China are accumulating gold while America is busily selling off its gold from Fort Knox together with what it has stolen from Germany, Libya, Africa and now the Ukraine. The US spent $5 billion to destabilize the Ukraine. They hired an army of liberal protesters. And then they hired snipers including Israelis to shoot the unarmed police and the liberal protesters. America successfully installed a puppet regime to avoid free elections. They appointed a Jewish Banker to run the Ukraine, stole the money from the banks and their 40 tons of gold. Zero Hedge commented that 40 tons of gold is what China buys in 10 days.
What this Ukrainian gold theft means is that we have pushed back the day the Dollar Dies by just 10 days. The Chinese are allowing the US, UK and European banks to manipulate the price of gold to keep it down to make the dollar, the pound and the euro look good. This phase will last for as long as America and Britain can deliver gold to Asia. Obama has been threatening sanctions. He has been shifting rather meager military assets to surround both Russia and China. This is no real threat as the US military has already told the Bush and Obama administrations that WW III will be not be launched by an attack on either Syria or Iran. Forget about directly attacking China and Russia.
That leaves sanctions. Russia can easily respond by demanding all sales of oil and natural gas be in either rubles or gold. China can demand all oil they and their friends buy is sold in yuan or currencies pegged to the yuan. The dollar has been kept alive by the invention of the Petrodollar after the 1973 Arab-Israeli war. The Arabs agreed to support the American budget and trade deficits by demanding oil be purchased in dollars and investing the proceeds in US Treasury Bonds and in the US stock market. This means the dollar will collapse the day oil buyers refuse to pay with dollars.
The dollar is a reserve currency which means nations all over the world use dollars to buy things from foreign countries. The Chinese are accumulating enough gold to announce a gold backed yuan that will be convertible into 20 other regional currencies including the ruble at fixed rates. Gold will initially be reset at $7,000 an ounce. The dollar will be massively devalued. Everyone in the world will dump dollars. The dollar will become worthless and at least 10 million Americans will starve to death if they aren’t first killed by street gangs. Exit Plan 2 is better for some people overseas but not good for most Americans, Europeans and for the workers in China.
Exit Plan 3.
The US military can save the world by invading offshore bank havens like the Cayman Islands and Lichtenstein. We need to seize all of that money stolen from us to restore our pensions and savings and to finance worldwide Debt Cancellation. We need to take over the Central Banks like the Federal Reserve. We need to first eliminate government debt and then to make it illegal. We need to have non-interest bearing currencies like President Lincoln’s Greenbacks and to abolish fractional reserve banking. I would use the money from secret government slush funds held by tens of thousands of agencies to cancel US debts. (See http://www.CAFR1.com)
I would give every adult US citizen $20,000 to pay off their debts or to fund their retirement. Young people could make a down payment on a house. Married couples would get $40,000. I would of course share the money seized from offshore banks with other countries. I once suggested as a ploy that when we announce our seizure of those bank accounts that we found enough money to pay for the Value Added Tax of everyone in the European Union. That is a 20% sales tax. (21% in France.) We could ask everyone in the EU to stop paying their VAT to help their economies recover. We could then wire their Treasury Departments the equivalent of their VAT collections every month. That would force their governments to follow our lead towards asset seizure and Debt Cancellation. It could even force changes in their governments. I was thinking of offering amnesty and a cash bonus for MPs to resign and to leave town so the people could get new parliaments over night.
I should point out that the Chinese leadership stashed $4 trillion they stole from their people in the Caribbean. We need to return that to the people of China so they can have a soft landing when their economy hits bottom. This will help us avoid WW III.
Debt Cancellation has been used since the Babylonians to end Depressions. The alternatives are a monetary contraction like the US in 1933 or a Hyperinflation like Germany in 1923. Those are unacceptable in a world with 7 billion people, nuclear weapons and germ warfare.
Asset Seizure and Debt Cancellation is a much happier ending for all except the Bankers and the War Criminals.
We are not past the point of No Return as the video claimed.
I promised to alert everyone when it was time to buy silver on a credit card. We aren’t there yet but we are getting close to the end. The Pentagon is running out of nations to invade so America can loot their gold and rob their banks.