It’s Not Just Oil, It’s The Dollar, Stupid!
I learned something new today. I seem to continue to do that the more I look.
Why does the US wage war at the slightest ripple, anywhere in the world, and we just sit up here and take it?
Do you hear the sabers rattling on Iran?
You should know better and I won’t even go there, because there is enough very valid data on-line and in your favorite bookstore to debunk such quite easily.
But why did we really invade Iraq and what does that have to do with Iran?
We all say, “OIL,” right? Right, but there’s more to it. (It’s the dollar stupid.)
After the war in 1944 at a big meeting in Breton Woods N.H. USA, the big bankers put the world on the dollar as its reserve currency, replacing the British pound.
That means, that everybody trades in dollars, to keep it simple.
We had enough military muscle and ample gold in our reserves, so the world readily accepted our dollar—as good as gold. So, of course, with that “confidence” in place the door was opened to printing more money with no gold to back it. Yet, the idea remained—a dollar is as good as gold.
Then the French and a few others threw a slight monkey wrench in the vault in the late 1960s. They demanded the US pay up in gold—the real stuff. Damn near drained Fort Knox – and put an end to the fake “gold standard.”
So, deep the night in 1971, tricky Dick, the then president, at the behest of the bankers that be, took the US off what partial gold standard that existed, to save the vault from being drained… Whether you realize it or not, that was in essence the admission of our insolvency as a country. We can’t pay our obligations and won’t.
This didn’t cause much alarm to most if not all nations who still believed the dollar was as good as gold.
But, the printing presses (and the Federal Reserve computers) revved up and started really printing the greenbacks … and part of the manipulation up of the dollar was an agreement made with the OPEC crew, whereby they made everyone pay for oil in dollars worldwide.
The dollar sort of became an oil-based currency. That’s a new one… didn’t know that before.
In return, the U.S. promised to protect the various oil-rich kingdoms (the OPEC crew) in the Persian Gulf against threat of invasion or domestic coup. This helped inginite the radical Islamic movement among those who resented our influence in the region.
Are the dots connecting yet?
But realize, that the printing presses and computers are still cranking out dollar bills by the jillions now. The more money that goes into the system, the less the dollar is worth. To make a long story short, the point is that the weakening dollar led some to start challenging it’s worth, like Saddam Hussein.
Senator Ron Paul said in a speech to the US House of Representatives in 2006:
“In November 2000 Saddam Hussein demanded Euros for his oil. His arrogance was a threat to the dollar; his lack of any military might was never a threat.
“At the first cabinet meeting with the new administration in 2001, as reported by Treasury Secretary Paul O’Neill, the major topic was how we would get rid of Saddam Hussein — though there was no evidence whatsoever he posed a threat to us. This deep concern for Saddam Hussein surprised and shocked O’Neill.”
Later in this speech he states:
‘In 2001, Venezuela’s ambassador to Russia spoke of Venezuela switching to the Euro for all their oil sales. Within a year there was a coup attempt against Chavez, reportedly with assistance from our CIA.
“After these attempts to nudge the Euro toward replacing the dollar as the world’s reserve currency were met with resistance, the sharp fall of the dollar against the Euro was reversed. These events may well have played a significant role in maintaining dollar dominance.
“It’s become clear the U.S. administration was sympathetic to those who plotted the overthrow of Chavez, and was embarrassed by its failure. The fact that Chavez was democratically elected had little influence on which side we supported.”
Can you guess the next move? I can. Who else is proposing to sell oil for Euros and not dollars?
You guessed it. Iran.
Iran has no power to attack us. None. We’ve surely done a lot to piss them off – CIA overthrow of their democratically elected president in 1953; Installing the Shah and aiding Saddam Hussein in invading Iran in the 80s.
Think Iran would be a bit ticked off?
Ok, Ron Paul said another few things…
“Concern for pricing oil only in dollars helps explain our willingness to drop everything and teach Saddam Hussein a lesson for his defiance in demanding Euros for oil.
“And once again there’s this urgent call for sanctions and threats of force against Iran at the precise time Iran is opening a new oil exchange with all transactions in Euros.
“Using force to compel people to accept money without real value can only work in the short run. It ultimately leads to economic dislocation, both domestic and international, and always ends with a price to be paid.
“The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or Euros. The sooner the better.”
I say, open your eyes and look for the things that don’t make sense and dig deeper till you get the truth.
Then the real game on planet earth will become visible. You can read the whole speech here…