Will the United States follow the same path as the USSR?

By MAC SLAVO | SHTFPlan.com | OCTOBER 2, 2012

In the following video commentary Russian General Konstantin P. Petrov (Ret.) asks some interesting questions and includes his own thoughts (perhaps the non-official Russian position) about a variety of topics that include the end of US dollar hegemony, the orchestration of the 9-11 attacks to engage America in a mid-east war, the puppeteers behind the politicians and the coming premeditated collapse of the United States of America as we know it.

While here in the United States we remain enclosed in a propaganda bubble controlled by western multi-billion dollar media conglomerates, business interests and political alliances, there can be no doubt that other schools of thought exist throughout the world. What may seem like reality to our populace is perhaps nothing more than illusion.

The United States does not exist in a vacuum. As such, we simply cannot ignore the assessments, outlook and opinions of foreign leadership as they pertain to the global implications of current events.

How did they ruin the USSR? They called the Soviet Union a ‘prison for people’ and an ‘evil empire’.

The same thing is being done to the United States.

We also intervened in Afghanistan and do you remember how that ended? It’s the same thing with the United States, and the American can’t do anything there. Now the entire muslim world hates the United States.

And when the global mafia dumps the dollar the entire world will think that the Americans deserved this. But this won’t benefit people in our country, especially those who’ve been saving up dollars.

There’s another thing that we should take into account.

In the United States lives 5% of the world’s population, but Americans consume 50% of the world’s energy resources. The global mafia sees this as a problem.

…Some of our people who fled to the US, and now live there on welfare, live better there unemployed than they would have lived in Russia even if they were employed.

The slave masters think that this situation in the US is unacceptable because even the slaves live relatively well there. so the United States is doomed too in this sense.

Even if you’re the head of a mighty state and you don’t understand global politics and don’t understand the methods of global politics you’re still a hostage of the global mafia. The leadership of the USSR and the leadership of the USA carried out internal and external politics, but the global mafia carries out global politics.

The USSR collapsed and the same fate has been prepared for the USA.

Do away with Reserve Currencies and Centralized Financial Control

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 13, 2012

For way too many years, the United States has enjoyed an unfair advantage with respect to the rest of the world: most international commerce is conducted in US dollars. Both friends and foes of the US have had to purchase raw materials, parts, finished products, pay tariffs and exchange rates in dollars because the world saw the American currency as a strongly positioned instrument that was backed by the economic and military might of the United States.

The result of having a reserve currency, both for the US and for the rest of the world is clear: Americans have enjoyed decades of bounty because almost anything that is necessary to live is paid for and purchased in US dollars. From crude oil to food staples, countries and companies use the US dollar to complete most commercial transactions. But the bounty for Americans was not the only consequence — or goal, depending how you see it. Because the US dollar was the reserve currency of the world, its value was kept artificially high. People, companies and other countries bought US dollars to use them in their daily activities such as traveling expenses, for example.

The value of the currency, especially a fiat one like the US dollar is artificial because after the central bank decides to print money beyond what a country produces — GDP — in order to run a debt-based economy, it is just a matter of time before the wheels of the truck come off. In the case of the United States, three and a quarter of the four wheels have already fallen off. The US currency has been hyper-inflated in a controlled manner since the creation of the Federal Reserve System, which is the same system of centralized power used in almost every single nation in the world; no matter if it’s a developed, developing or underdeveloped country.

Today, the value of the dollar, the Euro, the Peso or the Real do not represent the capacity of a country to produce, innovate and sell goods in local, regional or international markets through bilateral or multilateral agreements. The value of currencies is set by banking institutions and then freely manipulated by artificially-managed markets, not real capitalism or free markets.

The kind of “commercial contract” that helped the US to sets its currency as the “world reserve currency” and that provided the unfair advantage against its business partners and competitors is now reaching its end. The rise of China as one of the largest producers of finished products — through questionable standards to say the least — along with the economically weaker position of the United States in the world stage, has prompted nations to seek alternative forms of completing commercial transactions that do not use US dollars. United States competitors, especially those who lend money to the country, realized that the United States will most likely default on its debt or will simply pay with a devalued currency which will not be worth much, so they’ve decided to use their own currencies instead of the US dollar.

For example, China and Russia have closed several agreements to realize commercial transactions in their own currency as supposed to using dollars. The Chinese and the Russians, it seems, learned that by using the Yuan and the Ruble, they are not only valuing their currencies, but are also avoiding to pay the “dollar tax”, or the cost of having to buy and sell in US dollars, which had kept them in a competitive disadvantage against their commercial and military foe.

The devaluation of the dollar due to banking manipulation conducted by the Federal Reserve or the weakening of the currency in international markets — is bad news for the US and the American people, because it means that if the dollar fails to keep its status as the reserve currency, everything will be more expensive for them: raw materials, food, energy, interest rates, etc. But worse than all of that is that the demand for US dollars in the world will significantly decrease, which in itself will turn the dollar into a less attractive way to pay for and sell goods and services.

The loss in value of the American currency will also worsen another problem: the US debt. The US has been for a long time the best debtor nation in the world, for its lenders thought that since the country had the world’s reserve currency would guarantee that their loans would be paid in full. But now, reality shows otherwise. The fall of the US dollar from the pedestal of “world reserve currency” will also make it more expensive for the US to pay its current debt as well as the debt it will incur into in the coming years and decades. The weaker the dollar is, the more expensive it becomes for the US to pay its debts. This scenario is now seen in Spain, Greece, Italy and Portugal, who have handed their sovereignty to foreign banking institutions in exchange for “financial rescues”.

Although common wisdom would suggest that US indebtedness with China would be the worst possible situation while the dollar declines, there is actually a worse scenario and it does not involve China. The US main lender is not China anymore, but the Federal Reserve Banking System, a private institution that represents the interests of an international banking consortium located abroad, not in the United States.

The banking mafia will continue to willingly lend to the US because all debt created by the Federal Reserve in the name of the United States and its people will always have a way to be paid. The United States, just as many other countries in the world do, mortgage the lives of present and future people by taxing them to death in order to pay interests on the ever exploding debt. This ‘trust’ that the banking institutions have in the United States and other nations can only be broken if the US dollar fails as the world reserve currency. That is why the European bankers have created parallel fiat currencies such as the Euro, which they also intend to collapse in order to establish a sort of electronic untraceable form of currency.

At the same time and while it is still possible, wealthy individuals who have made their fortunes through deceitful practices, such as George Soros, as well as governments have begun a race to get rid of their dollar reserves — a fact that also weakens the US currency — and invest in gold, rare metals, silver and other valuable instruments. The divestment of funds from US dollars to other currencies or valuable metals or materials threatens to accelerate the fall of the once strong world reserve currency.

The decline of the US dollar has emboldened countries like China to seriously consider letting its currency fluctuate freely in the open market. This practice is set to begin at some point in 2015 and will continue until 2017, the Chinese have said. Do the Chinese feel that by 2015 the dollar will be weak enough that it won’t be able to directly compete with the Yuan? Perhaps. But in a financial world where almost everything is fake, there is no reason to believe that the American government or the banking institutions that it represents will not come up with a way to slow down or stop the collapse of its currency. Many financial experts expect the opposite, though. Some of them even believe that the collapse of the dollar will happen some time between the Winter of 2012 and the Spring of 2013.

If there is one thing the world has learned is that independent nation-states that establish commercial agreements in a bilateral or multilateral fashion are better off that those which are prisoners of a common currency with a centralized financial power system. The only reason why the world is dominated by common currencies and so-called unions is because those schemes facilitate monopolies and control, which is what the international banking mafia wants. The Euro is a clear example of how monopoly works perfectly well when a group of oligarchs intends to artificially create economies to later collapse them so that they can consolidate power. It works beautifully. For the rest of us, let’s do away with reserve currencies that provide unfair advantages as well as centralized power that only renders benefits for the Anglo-Saxon power elite.

Banker-Controlled System is Fraudulent and the Cause of the Crisis

By LUIS MIRANDA | THE REAL AGENDA | JUNE 1, 2012

It took almost 100 years for the globalists in control of the financial and banking systems to realize that their fraudulent debt-based scheme can no longer be utilized to exploit the people and the resources of the planet. Back in 1913, rubber barons and the global novelty decided that they were going to control the issuance and flow of money with a system that would perpetually maintain all nations of the world in debt with the supranational financial institutions founded by international private banking entities. These entities would create the money out of thin air, lend it to their slave, dependent nations for a juicy profit while ensuring that future generations would have to work all of their lives to pay them interests on the never ending debt.

Today, most main stream media omitted the annual Bilderberg meeting in Virginia, United States, but did make time to promote the fact that the same banking organizations that brought the global economy to a halt, are finally convinced that their model does not work anymore. It is important to understand that when they say it does not work, it implicitly means that they can’t keep on defrauding the world with it. What the main stream dinosaur media is not telling the people is that the current global mafia intends to implement a new system under which they will remain in control, but with more power and more enslavement. Both the heads of the International Monetary Fund and European Central Bank have said that it is time to end the remaining nation-states and give way for a world financial organization that will dictate economic, environmental and financial policies, which will be indeed under the control of the same monopoly men.

Mario Draghi, president of the European Central Bank, labeled the current system imposed by central bankers themselves as “unsustainable” and once again blamed the governments of the nations that did not accept the bankers’ directives as responsible for the dire global economic and financial crisis. He said leaders have been slow to respond to the sovereign debt crisis, which was also manufactured by international banking institutions. “The configuration we had for 10 years, which was considered sustainable, has been shown now to be unsustainable unless further steps are undertaken,” said Draghi. He forgets to mention the fact that it was the bankers that created and sold derivatives and credit default swaps as the newest and trendiest forms of investment to later run away with the people’s money in the form of pension funds, retirement accounts, social security savings and so on. Another important detail left out by Draghi is that the globalization of the economy has served as a perfect platform to gain even more control.

After creating the problem, the bankers presented their rescue and austerity programs as a “solution” to kick start the economy, but as it turns out, it was all about the consolidation of indebted nations such as Iceland, Greece, and the new ones to come soon such as Spain, Portugal, France, the United States and Germany. Austerity came in the form of cuts to the entitlement programs upon which millions of people depend in those countries, and the rescues of international banks in the form of financial bailouts. As things stand today, the bankers were helped and the people were dumped. But trillions of dollars in financial rescue packages were not enough for the bankers. They wanted more. They wanted total control. Since their rescue programs did not render total control now they bankers are shifting to plan B, which includes the complete acquisition of other nation-states through a perpetual state of war that justifies their theft of natural resources and the centralization of all human activity.

After creating and selling the problem through continuous threats that warned about the complete collapse of the global financial system – a situation they sought and provoked — should governments choose not to bail the banks out, globalists like Herman Van Rompuy, Jean Claude Trichet and José Manuel Barroso tried to create panic so politicians would adopt the so-called austerity measures and illegally carried out the rescue of banks that were too large to go bankrupt. After bankers bet on toxic financial products which they knew would not stand a simple smell test, they ran away with 97 percent of investors’ money by risking people’s money in transactions that involved as little as 2 or 3 percent of their own cash.

Suddenly, the banks and their institutions are no longer capable of supporting the sand castles built over pillars of overconfidence, greed, hubris and financial degeneration. “Can the E.C.B. fill the vacuum left by lack of euro area governance?” he asked. “The answer is no.” Of course not. A new system is needed that allows the banks to operate with even less accountability and more liberty to continue taking risks by mortgaging the future of the working classes all around the world. Just as in the recent past, the bankers are warning that inaction, debt liquidation or more effective regulations would mean a generalized contagion of banks and economies which would happen more easily and rapidly due to the interconnectedness of the global economy. Banks are seeking complete deregulation and self governance, as supposed to accountability to governments. But it was precisely lack of regulation, malinvestment and self governance what allowed the bankers to do what they did, submit the world into a deep black hole of debt from which there is no way out.

The elimination of the Glass-Steagall Act of 1933, which had successfully curbed the bankers’ hunger for risky business, triggered a chain of events that is still ongoing. Banks in need of rescues because supposedly are too big to fail, governments without cash to meet their obligations, pension funds whose coffers are empty, run-away financial corruption, toxic and artificial investment products, insane leveraging, you name it. “It was the largest transfer of money from the working classes to the richest people in human history,” says Russ Roberts, the host of Econtalk. “It was bad for Democracy and for Capitalism.” The solution, according to the bankers however, is to create an insurance fund, which will be paid for by taxpayers from around the world, to assure banks there will always be a rescue plan ready to pull them out of their risky investments. That will not only effectively create the financial incentive to further centralized economic power, but will also eliminate the natural free-market accountability process, the barrier not to bet more than you can possibly pay. A global financial fund will prompt bankers to risk even more, because they can count on a working class that will provide the fruit of their labor to bail them out whenever they need.

Allan Greenspan, the head of the Federal Reserve Bank in 2008 said in Congressional hearings that he did not know what had happened, that he thought the bankers were able to regulate themselves. He said he believed the banks had the ability to assess their own risk. And they did. That is why for every 100 dollars that banks malinvested, only three dollars or so were from their own money. The rest was money from governments, pension funds, savings accounts and so on. Greenspan was the man sitting on the golden chair of the Federal Reserve when the largest banking deregulation process took place under previous administrations, and he knew exactly the potential that such deregulation would create for financial institutions to run unchecked with zero need for accountability. Now that their system has been uncovered as fraudulent, the bankers are using more colorful analogies to describe the supposed threats that would emerge should governments decide not to surrender their sovereignty completely. The latest of those is that the debt crisis is a ’time bomb’. Bankers do not want to buy government debt back and so they are labeling that proposal as the trigger that will detonate the ‘time bomb’.

The initiative to make banks buy the debt back, would not be a solution to the sovereign debt crisis, though. In fact, it would actually perpetuate the debt-based system, because governments would be able to create more debt, which will result in a deeper crisis, as they will be unable to make bond payments. The banks will then be left holding the bag, an outcome usually reserved for the working classes. The ideal scenario would be that banks were forced to buy back the current debt, which they created in the first place, and governments adopted sane fiscal and monetary policies without creating more money out of thin air. Of course, the banks will not allow that to happen, because it will reduce their control over the financial system. Independent, debt-free governments that adopt responsible fiscal and monetary policies would eliminate the need for the current debt-based system, and therefore erase the control the bankers have amassed up until now. The liquidation of debt by letting banks and other institutions fail and go bankrupt would allow the world economic system to begin fresh and operate on a clean, disinfected environment, where artificially created economies would not exist anymore and countries would run their businesses based on existence of resources, production capacity, real gross domestic product, the balance of sales and purchases, bilateral and multilateral commercial negotiations and so on.

“The crisis we’re now in was caused by people taking excessively risky bets with other people’s money,” says Roberts. He adds that a good question to ask is why did people allow the banks to take such high leveraged bets with their money. It was like a poker game where the banks only risked about 3 percent of their own money, while investors took the fall with 96 or 97 percent of their money. But instead of being punished for taking those risks, the banks were rewarded by receiving bailouts. Although the mathematical calculations used by banks to assess market risk and asset value are considered to be fraudulent, they are still used to evaluate investment opportunities. But when those opportunities were shown to be just risky bets, based on fraudulent calculations, the banks were told it was fine, because governments had come to their rescue. They were allowed to sell liabilities as assets making people take very high risks in exchange for a promise to get a miniscule return, if any at all. “I think they believed the government would bail them out in the case of a downturn,” asserts Roberts. As he sees it, the markets are now governed by crony capitalists, and the crony part must be taken out before things can go back to real Capitalism.

Capitalism is a profit and loss system. The prospect of good returns is an incentive to take risk, and the losses are calls for prudence. When the incentive to be prudent is eliminated because there is a government, entity or Fund that will bail out a bank or a whole system, it destroys the financial system, and that is what happened in 2008. Governments, at the behest of the powerful banking cartel covered the risks taken by banking institutions and by doing so eliminated the need for prudence and responsibility.

IMF calls for Alternative Reserve Currency, Again

CNNMoney
February 11, 2011

The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

Dominique Strauss-Kahn, managing director of the IMF, acknowledged there are some “technical hurdles” involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.

“Over time, there may also be a role for the SDR to contribute to a more stable international monetary system,” he said.

The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.

In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks’ dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.

Oil prices usually go up when the dollar depreciates. Supporters say using SDRs to price oil on the global market could help prevent spikes in energy prices that often occur when the dollar weakens significantly.

The dollar alternatives

Fred Bergsten, director of the Peterson Institute for International Economics, said at a conference in Washington that IMF member nations should agree to create $2 trillion worth of SDRs over the next few years.

SDRs, he said, “will further diversify the system.”

Dollar firms after starting 2011 weak

The dollar has been drifting lower so far this year as the global economy improves and investors regain their appetite for more risky assets such as stocks and commodities.

After rising above 81 in early January, the dollar index, which measures the U.S. currency against a basket of other international currencies, eased below 77 earlier this week.

However, the dollar was higher Thursday against the euro, pound and yen as disappointing corporate results weighed on stock prices following several days of gains on Wall Street. The rally in the commodities market also cooled, with the price of oil and metals backing off recent highs.

In addition, renewed concerns about the debt problems facing troubled European economies put pressure on the euro and supported the dollar. The yield on Portugal’s benchmark bond rose to a record high Wednesday, and borrowing costs for Ireland, Spain and Greece remain elevated.

“The market is shedding risk, with equities and commodities weakening and the U.S. dollar broadly stronger” said Camilla Sutton, currency strategist at Scotia Capital.

Traders were also digesting comments from Federal Reserve chairman Ben Bernanke, who told Congress Wednesday that despite a strengthening economic recovery, the unemployment rate remains high while inflation is “still quite low.”

Those remarks reaffirmed the view that “the Fed would be very slow to tighten policy given its dual mandate of price stability and employment,” analysts at Sucden Financial wrote in a research report.

Bernanke also urged lawmakers to come up with a “credible plan” to bring down “unsustainable” federal budget deficits.

“We expect that the outlook for the U.S. fiscal position will weigh heavily on the U.S. dollar in the quarters ahead,” said Sutton. In the near-term, however, she said “a strengthening growth profile” could help provide “a temporary period of dollar strength.”

Quantitative Easing Explained

QE and QE2 have absolutely nothing to do with “saving” the economy. However, QE3 has already been announced.

By Eric Woodell

The massive “quantitative easing” by the Federal Reserve, sounds somewhat noble, even gentle, in its approach to helping restore the American economy.  Such terms almost sound like you suddenly can refinance your house for an absurdly low rate, it’s that easy.

But the reality is quite different.

The Federal Reserve has the ability to create money.  In the old days, that meant using printing-presses, to put ink on paper, which are then called “dollars.”  Nowadays, however, they do it with literally the click of a computer keyboard, and the money is created instantly!  Pretty cool, don’t you think?

But what does this really mean?

Why would the Federal Reserve do this, and devalue the dollar?  After all, if there are only a certain number of goods available, and everyone suddenly has twice as much money, won’t the prices of everything double, and the net result will be that nothing has effectively changed?  Won’t the only real change be that each unit of currency being worth exactly half of what it was?

The answer to both questions, of course, is “yes.”  But what matters, is who gets the money first.  In the academic study of economics, this could be termed the “first-mover” advantage.

Let’s use an analogy:  Let’s assume the economy had $3 trillion floating around in it.  Now, suppose the Fed gave you $1 trillion dollars, in your own personal checking account.  With that much money, what would you do?  Pay off all your debts, buy a nice car and new house, and so on…  In other words, you could spend that money, at the value it currently is at.  Of course, as you bought more stuff, more money will make it into the general economy, increasing the money circulating around, and eventually the dollar will have a lower value.  In this case, after you’ve spent all the money acquiring everything worth buying, there would now be $4 trillion in the economy, instead of $3 trillion.  If you spent all of that money in one year, the inflation rate would be 4/3, or 33%.  The dollar would be worth only ¾ of what it had, just the previous year.

The effect to everyone else in the economy, is that their money is worth less than the previous year, and if you had your money tied up in a savings account paying 3% interest, it would mean you actually lost 30% in one year, because the dollars you have in your bank purchase that much less.  This has the net effect of being a government tax, while at the same time, allowing the cronies and suck-ups of the Fed to gain power, by taking it from you.

This is why the Fed constantly wants inflation; it gives them power over you, invisibly taxes you, and allows them to maintain power over you.

When they talk about more “quantitative easing,” like QE2 or even QE3, it means that the Fed is robbing you of your ability to purchase things like food, fuel or shelter.  Instead, the money is sent to the favorite banks of the Fed (remember, the Federal Reserve is a private corporation, made up of…  banks).  Which really means, they give it to themselves.

As you can now see, QE and QE2 have absolutely nothing to do with “saving” the economy.  Indeed, the opposite is the truth.  The actions by the Fed make the continued degradation of economic situation of the USA a certainty.

When more Americans finally wake up, and understand the rampant theft that’s being committed by the Federal Reserve and their cronies, there will be Hell to pay.

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