Category Archives: reserve currency

The Age of Survival Economics

Survival economics have been in existence since life began on Earth. The primary instinct of all life on Earth, be it plant or animal, is survival, and perpetuation of its own kind. Mankind has been no exception.

With the discovery of the New World, the Colonial powers of the West extracted immense wealth from the rest of the World. New settlements and new countries were founded. The new countries rose to immense prominence such as the US, and others such as Brazil, Argentina, Canada, Australia, etc. to lesser prominence. They prospered and grew, along with the US, as the Lands of Opportunity. Nobody, but nobody could equal the growth, the innovation, the power, and the wealth of the US. The dollar became the Reserve and Official currency of the World in 1944, and was proclaimed as such in Bretton-Woods, New Hampshire, USA. All the world’s debt and trade was denominated in US dollars. The dollar was convertible to gold at 35 dollars an ounce. The US became the master of the world. The only country that would not buckle was the war damaged USSR. The Cold War was instituted to destroy USSR. The Soviet Union collapsed in 1989 through it own internal decay and weakness. The End of History was proclaimed and Western Liberal Ideas were proclaimed as supreme and immutable like the Laws of Nature.

But it was not to be so. Man made concepts cannot be compared to the Laws of Nature. Economic systems are concocted to serve the economic interests of the ruling elite. Laws and ideas are created to brainwash the masses. Eventually, the system starts breaking down and no laws or recycled ideas can save it. We are at such a period now.

Despite denials, the world is in recession. Actually, some areas of the world are in depression. Wages have stagnated, especially in the EU, Canada, and the US. Jobs created in the US are low wage and part time. Attempts to stimulate the economy through quantitative easing have not worked. SNAP {food stamps} have been expanded to help the poor. Under President Obama, the SNAP program has expanded from twenty three million in 2008 to nearly forty five million in 2016. The food program is a double edged sword. It keeps the poor from starvation but it entices them to buy junk food and drinks which leads to obesity and ill health. They buy processed food because it is cheap. At the same time, the SNAP program is a huge subsidy for giant Agri business, food processors, and giant food chains.

There can be no recovery because the US is suffering from negative energy flow which is reflected in the growth of debt, individual, corporate, and governmental at all levels. Wages are stagnating. Whatever positive energy there is, goes mostly to one percent of the population, the ownership class. Some energy goes to around five percent of the population, the overseer class. The overseer class faithfully serves the ownership class, and some members are abundantly rewarded. The Precariat Class which is around ninety percent of the population gets very little, if any, of the positive energy flow. The Precariat Class has some positive energy flow in the form SNAP, etc, which is a form of subsidy to giant corporations.

In the end, everything flows to the ownership class. Tax cuts, deregulation, and infrastructure renewal will not help because it will be based on more debt. Survival Economics is already the Modus Vivendi for the Precariat Class. Massive violence in society could be next.

The significance of India-Pakistan animosity in the world of geo-politics

When India achieved independence from Britain in 1947, it split along the religious line: the Hindu India and Islamic Pakistan. The split was encouraged by the Anglo-Americans. The British did not like Mahatma  Gandhi or Jawarhal Nehru, and preferred Muhammad Ali Jinna, the founder of modern Pakistan.

When the split occurred, Hindu India, a much bigger country, ended up with Jammu Kashmir, a  beautiful Himalayan valley populated mainly by the Muslims, but ruled by a Hindu who sided with Hindu India. The fight over Kashmir persists to this day and will persist into the future.

Both Pakistan and India are multi-ethnic. In 1971, Pakistan split into West Pakistan, a larger region west of India, and East Pakistan, east of India, the so called Bengal. Its new name is Bangla Desh, land of Bengalis. Bitter war was fought in East Pakistan by West Pakistan to keep  East Pakistan in union with West Pakistan. Three million Bengalis lost their lives. Under the leadership of Indira Gandhi, the daughter of Nehru, India helped East Pakistan to become independent. The US sided with West Pakistan, and President Nixon sent the 7th Fleet from the western Pacific into the Bay of Bengal to intimidate the Indians. It did not work, as the Soviet Union sided with India. In December of 1961, Russia sided with India over the annexation of Portuguese Goa, while the US and Britain sided with Portugal. India considered Russia an “all weather friend”. How things change!

India is much bigger with a population of over 1.25 billion people and land area of around 1.2 million square miles. Pakistan, on the other hand, is much smaller with a population of over 200 million and a land area of around 300,000 square miles. Strategically speaking, Pakistan is holding more pivotal connections of Asia. Pakistan borders China on the North-East, India on the East, Afghanistan on North-West, Iran on the West, and the Indian Ocean on the South. India is considered a subcontinent of Asia jutting out to the Indian Ocean. Its land borders are Nepal, China in the North, Bangla Desh, Mayanmar to the East, Pakistan to the West.

Pakistan has a strategic relationship with China and a subservient role vis a vis the US. India has a rather cool relationship with China because of its’ border disputes in the Himalayas, a warming relationship with the US, and a geostrategic relationship with Russia.

As China enters the global stage, it is developing trade routes with South-West Asia and Europe via Pakistan, Iran, Turkey, the Balkans and into Europe, and if Turkey achieves rapprochement with Russia, the process will accelerate. Also, Pakistan is a transit country enabling the US to invade Afghanistan, maintain military operations against the Taliban, and control the opium trade, a highly profitable enterprise that helps maintain the dollar as the Reserve Currency of the world. It is self-evident that Pakistan is extremely important, geo -strategically speaking, to US and China; it is also a nuclear power.

As mentioned, India is a large and important country of the Asian Subcontinent and the center of Hindu Civilization. It has had a very independent foreign policy, first as the co- founding member  of the Non-Aligned Movement, and now as the co-founding member of BRICS, { Brazil, Russia, China, India, and the Republic of South Africa.) It is a nuclear power, and the 6th or the 7th economic power of the world.

India is drifting West, buying high tech weapons from Israel, Rafale jet fighters from France. It is entering some sort of military basing arrangements with the US which has never happened before. US wants India to be a keystone in the Wall of Enmity that the US is building from the Baltics, Poland, Ukraine, Black Sea, Turkey, Syria, Iraq, Persian Gulf, India, Philippines, Japan to South Korea. The Wall would hem in Iran, China, North Korea, and Russia. The gate keeper with the keys would be the US.

If India joins the Wall of Enmity though, it would lose its privileged geostrategic relationship with Russia, and its moral influence in the world. It would also lose its influence in BRICS, and would never be able to participate in the Silk Roads that China and other countries are building. India would become the odd man out on the Afro-Eurasian land mass. India, most likely, will not join the Wall of Enmity. However, the only certainty is uncertainty.

Pakistan, on the other hand, would like to break out from US subservience. It has sent feelers to Russia. Russia and Pakistan will hold some kind of military exercises very soon. India is upset, understandably so, but India should understand that if it has the right to choose its partners, then so do other countries.

Afro-Eurasia and Latin America are coalescing, as more and more of its’ countries are abandoning the strict subservience which the US dictates. They are using their own currencies in two way trade, thereby avoiding the dollar and trade is growing amongst them  as a result. India, Pakistan, Iran, and Venezuela want to join the Shanghai Co-operation Organization. Other countries are also trying to re-assert their independence: Turkey, Philippines, Japan, plus France, Germany, and Italy are in the game.

The animosity between India and Pakistan might impede the coalescence of Afro-Eurasia. An India connected to the West would not be interested in Afro-Eurasian coalescence and a geo-strategic relationship with Russia. Pakistan, on the other hand, because of its geo-strategic position would enhance the coalescence of Afro-Eurasia especially if it joins the Shanghai Co-operation Organization and BRICS, minus India, and possibly, Brazil. So history is implying that with or without India, Afro-Eurasia and Latin America are coalescing. Only time will tell.


Will the dollar be defended to the end?

In many  of my previous posts, I have stated that the US Economic System is based on three pillars of paper, and all three of these are based on debt. The three pillars of paper are the dollar, the bond market, and the stock market. Of the three, the dollar is the most important because it is the essence and instrument of US power. In the 1951 film version of Charles Dickens’ short story “A Christmas Carol”, there is a character, Mr. Jorkin, who says: “Control the cash box and you control the world”. The US has been controlling  the world since 1944, when the Bretton Woods Agreement was signed. The dollar became the reserve currency connected to gold at 35 dollars an ounce, and other convertible currencies were connected to the dollar. Nearly all trade and debt was denominated in dollars. Economically and financially speaking the world became dollar centric.

However, the dollar is still connected to gold, because the dollar without gold is like a fish without water. It cannot exist as the Reserve and Official currency of the world. It can only exist as the local currency in the US, because in the US, the dollar is the Legal Tender. The Petro Dollar depends on the whims of OPEC. It is not reliable. Gold, on the other hand, has the full backing of Mother Earth. Gold was created  when the Universe was created, and has the Energy of the Sun. Petroleum can be consumed, but gold cannot be consumed nor destroyed.

For the dollar to be convertible into gold, gold must be available in dollar terms at any price anywhere in the world. If that relationship ceases, the dollar can no longer be the reserve currency of the world. Powerful non Western countries are accumulating gold on the cheap, at around eleven hundred dollars an ounce. In one of my previous posts I stated that gold is leaving the West and going to the rest, especially to the East.

There is a “purpose” to this lunacy. By keeping the, dollar “artificially” strong, the US is destroying the countries of the world which are indebted in dollars. They are further pushed into economic slavery by the International Monetary Fund, {IMF}, and the World Bank. Both banks are agents of the US, despite international sounding names. Indebted nations are in severe depression. They are selling their natural resources for pennies on the dollar. They cannot buy any manufactured goods from China, South Korea, Japan, and Europe, so these regions are slowing down which further puts pressure on commodities. First world countries like Canada, Australia are entering severe recession, if not depression, while counties such as Brasil, Venezuela, Argentina, and others are entering depression. The currencies of these and other countries are collapsing. Russia and China are special targets. These two countries must be destroyed or neutralized for the US to have  total world domination. High Noon is fast approaching.

Russia is the “special” target. Russia has the capacity to be totally self-sufficient as it was during Second World War when it was the Soviet Union.  Germany in 1942 controlled all of  Russia just west of Leningrad, west of Stalingrad. The Soviet Union could not be defeated despite the fact that Germany controlled all of Europe. A similar situation exists today. For the US to control the world it must subjugate Russia. How to do that? Simple: economically. The first stage was to tear the Ukraine from Russia. So far it has not succeeded. The Ukraine is a political, economic, and moral mess. It is on the verge of collapse. When the Ukraine collapses, people will rise up, take over, and join Russia. Nuclear war against Russia is unthinkable for it would mean catastrophe for Humanity and all life on Earth, although the possibility of nuclear war is at its highest ever. The only alternative is economic strangulation.

To strangle Russia you simply have to tear it apart economically. Because of the Ukraine and Crimea, sanctions were imposed by the West and the countries closely associated with the West such as Japan. The Russian currency was attacked and devalued but not destroyed. The oil price was made to collapse  with the help of Saudi Arabia and Gulf Arab States. Military pressure was applied on the president of Syria. Propaganda against Putin was increased. Russia calmly responded; counter sanctions against the West. They are hurting badly. Devaluation of the Ruble is essentially positive, but the low oil price is not. Russia is the number one oil producer in the world and exports two thirds of its oil. There is a cushion of profitability. Russia suffers but will not buckle.

Russia is fighting back. It is avoiding the dollar like the plague. It is signing trade deals with other countries in their respective currencies. It is developing its own SWIFT,or Society for Worldwide International Financial Transfers. It is also developing worldwide tele-communication systems which exclude the West. With the help of Iran and Hesbollah it is successfully fighting ISIS in Syria. Yemeni Houthis have check mated the Saudis in Yemen. The oil price collapse which the Saudis helped to engineer is hurting them economically. Rebellion is brewing in the country. The Shia, in the Eastern Provinces where the oil is, are very restless. Foreign workers and native Sunnis are also very restless. In one of my previous posts I stated that Saudi Arabia will first implode then explode. This will be very negative for the dollar.

China is being courted to let the renminbi join the IMF currency system which would enable the dollar to continue to be reserve currency of the world. China will play the game even though it does not trust the game because it has no choice; it is trapped in the US financial  web. China is trying to extricate itself slowly from this trap. China is buying gold and selling US Treasuries. It is expanding non US trade and aid using the renminbi; the dollar is under attack.

But the US is fighting back. The TPP, Trans Pacific Partnership, was negotiated with some South East Asian and Latin American countries. Japan, Canada, Australia, New Zealand, and Mexico are included. The idea behind the agreement is to consolidate the use of the dollar in trade. A similar agreement is being negotiated with the European Union, the Trans Atlantic Trade and Investment Policy. Will the US succeed in keeping the dollar official currency of the world?Nobody knows.

If the dollar is dethroned, it will be catastrophic for the US. The US will lose the instrument of enslavement. It will no longer be able to exploit the rest of the world through usury. It will no longer be able to finance itself without inflation, followed by hyperinflation. It will no longer be able to maintain military bases in other countries and project its power. The US stock and bond markets may collapse, and the dollar may follow. The people who control America are strong believers in the saying: “It is our way or the highway”. “High Noon” is around the corner. If the US fails, it will become the third world country of North America. In many ways, it already is. Only time will tell.






Dollar vs. Gold II

In my previous posts I stated that gold does not need any paper currency, but that the dollar needs gold. The dollar has to be convertible into gold, because the gold price world wide is quoted primarily in dollars, and that’s due to the dollar being the official currency of the world. Everything in the world is traded in dollars. Just imagine the power that the US possesses by owning the official currency of the world, so it goes without saying that the US will do anything in its power to retain that authority over the financial system of the world; it will even resort to war.

The key to financial world domination is not the petro-currency status of the dollar but its relationship to gold, Nature’s Money. The Bretton Woods agreement of 1944 made the dollar official currency of the world. The dollar was pegged at 35 dollars an ounce of gold, and the rest of the world’s currencies were pegged to the dollar. The US would keep the gold and print the dollars, while the rest of the world would keep the dollars in US Treasury Notes. The US had free use of their hard earned money, the perfect scam. General Charles de Gaulle immediately saw this for the scam that it was and took action. He exchanged the French dollar surplus for gold, as was allowed by the Breton-Woods Agreement. Run on gold began, in 1971, President Nixon closed the gold window. This is how the dollar became the “Petro” currency. Nixon told OPEC to increase the price of oil as much as they could but make sure it is traded in dollars. Surplus dollars flowed into US Treasuries, more than ever before, and the US got free breakfast, lunch, and dinner. This policy continues to this day…

The Crisis of 2007-8 was very severe. It nearly collapsed our entire economic system. Massive infusion of artificial money {printed dollars} only managed to prop up the system, and did not ultimately save it. The System barely meanders. A series of quantitative easing was introduced, QE I, QE 2, and QE 3. No real improvement. QE 4 is coming down the road. During the crisis, gold rose from around 250 dollars in 2001 to 1920 in 2011. Interest rates went down to almost zero. There was the danger that if the price of gold went any higher,  that dollar would not be convertible to gold. If that had happened, the Capitalist System would have collapsed. Something had to be done.  “Paper shorting” of precious metals was begun. The dollar can only have validity if it is convertible into gold.  Presently, the convertibility of dollars into gold has a severe price. Dollar surplus countries and individuals are buying gold on the cheap.

Gold, presently, is in backwardation. Individuals and countries are paying higher prices for gold delivery now than in the future. Shortages of gold availability are coming. The price of gold may sky rocket over night. By shorting paper gold the monetary policy of the US is extremely tight. It is in essence destroying the economy of the world. Increasing interest rates is sheer lunacy. Gold, silver, platinum, and palladium will demand their rightful value which is precious. They will be not be available in any currency at any moment. The rush for Nature’s Money, gold, will be the beginning of the end of the Capitalist System, as was the rush for gold the beginning of the Capitalist System, and when Christopher Columbus first “discovered” the “New World”. If the World survives, a totally new age will begin. Only time will tell.


Geopolitical changes of great significance are taking place in Eastern Europe, specifically in the Ukraine but also in the Middle East. The US wants at all cost to build the Wall of Enmity from the Baltic to the Persian Gulf, and to the Indian Ocean, possibly to South East Asia, as far as the Philippines. But for the moment, let us study and analyse the Wall of Enmity from the Baltic to the Persian Gulf: the US wants to expel Russia from the Ukraine and Syria, that’s very clear. It would also like to control Iran, but to do that, it would have to destroy it.

The US would like to reduce the relationship between the European Union and Russia to a bare minimum, but to do that it needs alternative sources of energy with which to supply Europe. The Middle East would be that source. The greatest oil and natural gas reserves in the world are located in the Middle East, and if the US and its friends were able to control those resources and their channels of delivery, it would be able to control the destinies of the entire world, East or West, North or South. So, these wars we have now in the Ukraine, Syria and Iraq are struggles for the control of the World…

Let us make some suppositions. Suppose the US and its allies win. They would end up controlling all that natural wealth, and be able to control energy supplies to Europe, China, and the Indian subcontinent. They would dictate the price denominated in DOLLARS. The dollar would become the permanent official currency of the world. In addition, if they got control of Iran, they would also control the production and export of gas from Turkmenistan. China and India would be subject to US blackmail, just as Japan was before the Second World War, with the so called ” Japanese Effect”: surrender or war. The Japanese, being proud people, chose war.They needed to get control of Indonesian oil which at the time was under Dutch control. To do that, they had to eliminate the US Pacific Fleet stationed at Pearl Harbor, Hawaii which at the time was a colonial possession of the US. By the DOLLAR becoming the permanent official currency of the world, the US would rule the world and its closest Allies would enjoy immense privilege. I will leave it to the reader or readers of this humble essay to figure out which country or countries would benefit the most…

But let us suppose the West loses. Suppose the Resistance Axis of Syria, Iraq, Iran, Russia, and Hesballah of Lebanon win. Also suppose that in the struggle going on presently in the Middle East, the Saudis and the Gulf States collapse, and the Arab Nationalists who are vehemently Anti-West win. That Turkey slides into civil war, and the Kurds, who are about 20-25 %  of the Turkish population, rise up and seek their INDEPENDENCE. And, suppose that the Palestinians start their Third Intifada, sensing the victory of the Axis of Resistance… What would Israel and the US do? Would a Third World War begin???

The majority of the world agrees that ISIS or Daesh is evil, including the US, but it is secretly supporting it. It’s been bombing ISIS for more than a year with nothing to show for it! Why is Turkey, a NATO ally, openly supporting it?  If ISIS is evil, then countries fighting ISIS are on the side of Good.  Turkey, the US, the Saudis, and the others supporting ISIS are on the side of Evil. The Morals and Ethics of the Universe are on the side of Good. It is self-evident that the side fighting for Good against Evil will win. And by supporting evil, the US will not be able to build the Wall of Enmity. Also, sooner or later the dollar will not be used in world trade. So, the Turkish Boomerang will have disastrous consequences for the world, but especially for the US…

Let us be frank. The modus operandi of the US and its allies is lies and deceptions. The modus operandi of Russia and its allies is IRONY, the cosmic manifestation of truth and justice. Edgar Cayce, an American, once predicted that Russia will become the hope and salvation of the world. Only time will tell.

How much is the dollar really worth?

The dollar is a fiat currency. It is created out of thin air through debt. A person goes to the bank and wants to borrow 10,000 dollars and if the borrower meets the criteria of paying back the sum plus interest agreed on, the bank issues a cheque of 10,000 dollars or direct deposits the amount to his account. Money has been created out of nothing to enslave that person for 10,000 dollars which he must now pay back at a certain interest rate for a specific period of time. In other words, he sells his labour, his life force, to pay the debt. He is exploited, he is a slave. This is the essence of capitalism, and the fiat currency is an instrument of enslavement.

Initially, the dollar was a gold backed currency as were other world currencies. President Franklin Delano Roosevelt, early in his presidency devalued gold from 20.67 dollars an ounce to 35 dollars an ounce. Also, he made it illegal for Americans to own gold, unless it was in a jewelry form of 18 karats or less. The Bretton-Woods Convention made the dollar the Reserve Currency of the World. The US would keep the gold and the rest of the world would keep the dollars. Other central banks could exchange dollars for gold at 35 dollars an ounce. Gold, however, would be stored in the US and some would be stored in London. This arrangement was propped up by fear that “the Communists” would take over if the gold was not stored in the US. Publicity  made Fort Knox, Kentucky, infamous as the storage place  for the world’s non-communist gold. General Charles de Gaulle, President of France, was not fooled. He realized it was the perfect scam. He had never trusted the Anglo-Americans. He knew how perfidious they were during the Second World War II. The Anglo-Americans hated him, and of course, he reciprocated. He withdrew France from N.A.T.O. and sent French warships to retrieve French gold from the US. Other European countries followed. A run on gold followed…

The gold drain from the US followed. President Nixon closed the Gold window. This closure was permanent, contrary to the President’s statement that  it was temporary. The US was running trade deficits and the Vietnam War was draining the country of its real wealth, gold. The dollar paper drainage was no big deal, because it was only paper. The Arab oil embargo saved the dollar and the US. The US told the oil producers to increase the price of oil but just have it denominated in dollars. The excess dollars of the world poured into US treasuries and helped finance government operation. The decade of 1970’s showcased growth throughout the world but with inflation. Gold was allowed to reach its equilibrium value of 850 dollars an ounce. Silver, taken out of circulation in 1965, went to 50 dollars an ounce in 1979-80. Interest rates were high because demand for money was high. Demand for real money, gold and silver, was high. But the dollar was losing value. In 1969, one could get four Swiss Francs for one dollar, but in 1979-80 period, the Swiss Franc was on parity with the dollar.

President Carter appointed Paul Volcker Chairman of the Federal Reserve Bank. The Prime Rate went to almost twenty percent. The price of precious metals collapsed and value of the dollar rose. Money from all over the world poured into the US. By 1992, the USSR and communism had disappeared in Europe. The end of history was proclaimed. The plunder of the ex-USSR and Eastern Europe, along with the rest of the world began with increasing tempo. A unipolar world of ten years duration was achieved. In Nature, when one extreme is reached, opposite forces start building momentum, and new forces started brewing on the horizon…

Vladimir Putin was appointed Prime Minister of Russia in 2000, and the economic decay started in the first decade of the New Millennium in the West. It is now worsening and encompassing the entire world. The central player in all this has been the dollar. It has no intrinsic value like gold, land or water, but is the instrument of US power. The US wants to maintain that power come hell or high water, and in order to maintain it, debt in dollar terms has to grow. The IMF and World Bank, along with other private organizations, are working overtime to trap more and more countries into unsustainable debt and milk them for all they are worth. This is the MODUS OPERANDI of capitalism…

But opposing forces are rising, and the de-dollarization of the world has began. The World is trying to dis-infect itself from the dollar. Very interesting and dangerous times are approaching. But the US will not willingly give up its instrument of power. It is negotiating trade deals with Europe, South America, and South East Asia to insure the dollar to be the supreme currency. It is confronting China in the South China Sea, but at the same time, it is enticing  it to join the IMF arrangement of Special Drawing Right Currency. The US wants the China to row the dollar-SDR boat, and the US would steer it. Whether China falls for it or not remains to be seen. China, Russia, Brazil, Iran, and other countries that have backbone are trading amongst themselves in their own currencies. The river of history is flowing and it cannot be reversed.

How much is the dollar really worth? Nothing. It is merely an instrument of power, intimidation, and war, like aircraft carriers. And history will be unkind to both. Only time will tell.

The Dollar, the American Thunder Bolt of Zeus

Most people do not know how much power and control the US holds over the world by the fact that the dollar is the reserve currency of the world. Until recently, it was the official currency of the world. By controlling the reserve currency, the US in fact, controlled the world. At Bretton-Woods, New Hampshire in 1944, the dollar was crowned Emperor of the World. The International Monetary Fund {IMF}, the World Bank, and the Bank for International Development were created to impose the rule of the dollar. These institutions have international sounding names, but they are as American as a McDonald’s hamburger…

After the Second World War, the Colonial World of Asia, Africa, Latin America, and the Carribean  were decolonized. Instead of being free and totally independent they went right into ” dollar debt dependency”. They jumped from the pan into the fire. In this Salto Mortale, they were guided and helped by, what do you know, the IMF, the World Bank, etc. The agenda was set by the US Government to fight Communism. They have been in hell ever since. Any leader who rebelled was overthrown, assassinated, hanged or impaled. Many communist countries of Eastern Europe were infiltrated and enticed into the beauty of dollar debt. Poland, Romania, Hungary, and Yugoslavia come to mind. Hungarian dollar debt was referred to as “Goulash Communism.” Communism is gone but the dollar debt remains. Also, Yugoslavia is no more, but the debt of the successor states has increased markedly.

Presently, the world is so indebted that debt can hardly grow. The burden of debt of the Third World and many countries of the First World has become unbearable. Individuals, countries, nations, and other entities  will start going into default. The US is the most indebted nation in the world ,but that is no big deal, because it is indebted in its own currency. The rest of the world supports the US debt by holding dollars. In the process it is subservient to US interests. In other words, whatever the US wants, it gets and the rest of the world pays, because US possesses the Thunder Bolt of Zeus.

It is immoral to entice individuals, and/or nations to go into debt, Christianity and Islam condemn usury; it is a criminal act. The Western media constantly encourages people to go into debt. Capitalism without debt is like life on earth without water. It cannot exist and thrive. The world’s debt is slowing down, hence consumption is decreasing which is leading to a deceleration of growth.  Wages are stagnant or decreasing. The velocity of money is at an all time low. The Baltic Dry Index is going down. World trade is decreasing. The recovery in the US has not been ” recovery”. Instead, it has been stagnation to the down side, with 94.5 million people in the US no longer in the labor force. The reported unemployment rate is 5.1. That is an outright lie and deception. Eric Blair, aka, George Orwell said that telling truth in an Age of Deception is a revolutionary act. We live in an age of lies and deception. The Modus Operandi of the present economic system is lies and deception. US power will persist as long as the Thunder Bolt of Zeus has juice. How long will it last? Nobody knows. The US will do everything possible, including war, to maintain it. However, it will be the rest of the world that will determine the longevity of the dollar. The Zeus of antiquity and his thunder bolts are no more.

gold and the dollar in mortal combat!

The dollar and gold are in mortal combat. Up to the present the dollar has been supreme. The Bretton-Woods Agreement crowned the dollar as Emperor of the World. This gave immense power to the US. As a matter of fact, it gave immense super power to the US. All economic activity of the world was transacted in US dollars and not only was it the reserve currency of the world, it was the official currency of the world. It enabled the US to buy anything it wanted by either printing dollars or going into debt. The US lends money to other countries, especially to newly independent countries in Africa, Asia, and Latin America in order to trap them into dollar debt and to exploit them to the limits of exploitation….

Any leader who opposes this arrangement is punished. The list of past and present offenders is long: Mossadegh of Iran in 1953, Gustavo Arbenz of Guatemala in 1954, attempted coup of Castro in 1961, Bay of Pigs,Patrice Lumumba of  Belgian Congo in 1962, Saddam Hussein of Iraq 2003 and Libya’s Gaddafi in 2011. There are many others such as Juanio Quadros of Brazil in 1964. The Modus Operandi of the West was total exploitation of the world through economics and any leader who opposed this policy was accused of communism and was overthrown. ( Another good example was president Sukarno of Indonesia in 1965.) The US will go to any length to protect the dollar rule of the world; possibly even nuclear war.

The opposing force to the dollar is nature itself. Gold is the power of nature,of the universe. It has the colour, the energy,and the power of the sun. Gold and other precious metals were created when the Universe was created. All civilizations of the world,past and present,cherished gold and silver. Both gold and silver are symbols of power and wealth. He,who has the gold,makes the rules.

Gold does not need the dollar, but the dollar needs gold. The “value” of the dollar can only be valued in physical things. How many dollars are needed to buy a barrel of oil or a bushel of corn.? Agricultural commodities cannot be used as money except in barter deals. Oil and agricultural commodities are consumed and cannot be used as money, but they can be the path to riches through labour. According to the first Law of Thermodynamics, energy cannot be created nor destroyed. Gold cannot be created nor destroyed. It possesses the power and energy of the sun. The dollar needs gold to measure its buying power. The true buying power of any currency can only be measured in terms of gold.

Presently gold is being suppressed for obvious reasons: to convince people that the dollar, and other fiat currencies, stocks,and bonds are the way to go. Anything that can be printed such as fiat currencies, stocks, bonds, and annuities are paths of speculation and not of investment. The world is waking up and experiencing an epiphany. The countries of Afro-Eurasia and Latin America are accumulating gold and abandoning the dollar.That is the nightmare scenario for the US and the main reason they hate Putin. They want to destroy Russia and encircle China. They want to give China the Japan treatment of 1939-41, that is, economic strangulation. If they succeed, the dollar will be supreme, and gold will go to jail. If the US fails, the dollar will most likely go to zero. Only time will tell….