I've got a lot to share in this transmission, so let's get right to it!
Demise of the Dollar?
As most of my dear Readers know, I have been writing about my economic fears for some time now. I have even gone so far as to blame fiat currency, as well as massive amounts of borrowing and spending, for most of the ills that plague the nation.
Fiat monopoly money and drunken sailor style government spending provides billions for wars, billions for health care reform, billions for feminism (see here and here), and trillions for bailouts, guarantees, loans and swaps to criminal banksters who nearly destroyed the American financial system.
Questions to ask yourself:
1) How does a bankrupt nation manage to spend trillions of dollars it doesn't have?
2) Does spending trillions on bailouts, bombs, and political feminist pet projects lead to ever increasing levels of efficiency, effectiveness, productivity, capital formation, and happiness?
3) Can a nation continue to print money, squander its resources, mislead its citizens while trampling their most basic rights underfoot, AND piss off its increasingly unhappy foreign creditors indefinitely?
I believe that we are running out of time to turn the ship of State around, and events this week have solidified my convictions. Reality is catching up to us, and it is going to bite us square on the collective ass in the very near future.
Please see the following article by Jim Willie CB:
The story hit like a thief in the night, even bearing Biblical proportions. The end of the exlusive sale of MidEast oil in USDollars, the rise of Russian and Chinese influence in the Persian Gulf, the rise in importance for the Intl Monetary Fund basket of currencies, the final clarion call for the free ride by Americans on the Dollar Credit Card, and hidden implications that the Saudis must shop for a new security lord in the region with broad military might, these are revolutionary steps with profound geopolitical implications. The back-to-back stories in the UK Independent struck like powerful bolts of lightning in the middle of the night from a North American perspective. These articles by a highly respected journalist will be posted on the Banker Church Doors just like Martin Luther’s demands for change in the Protestant Reformation that smashed the monopolistic power of the Catholic Church centuries ago. Enough of the mixed metaphors. This is truly incredible news. The US will soon no longer be permitted to sell its indulgences. This is major Paradigm Shift material...
... A quick read is required of two articles by Robert Fisk. He touches at the surface on a great many relevant and salient points. This story and its vast consequences will be discussed and analyzed for a full year. This is the biggest story on the USDollar in decades, sure to further develop...
“A Financial Revolution with Profound Political Implications”
“Demise of the Dollar”
Gents, be sure to read the above mentioned articles, as they are of vast importance in a multitude of ways.
While I don't believe that the dollar will be replaced as the reserve currency of the world in the near future, there is always the possibility that a new global currency could come like a thief in the night. It's possible that the U.S. dollar could be devalued, openly or in secret, in order to pay down trillions in debt. It's also very likely that the Bond market could impose harsh fiscal discipline on the U.S. as our mind boggling deficits continue to mount.
Foreign creditors and the U.N, now openly in revolt against the dollar system, hold all of the cards in this deadly game of economic poker. My worst fears are coming to fruition in slow motion. But on the bright side, I expect foreign financing of the above mentioned wasteful Fedgov spending to be greatly reduced in the years ahead. There is no way around the fact that massive, earthshaking change is coming.
However, change isn't always a bad thing. In fact, if one is prepared to ride it out, change can be both profitable and enjoyable.
Let's look closely at The Demise of the Dollar article by Robert Fisk:
... In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
In the most profound financial change in recent Middle East history, Gulf Arabs are planning - along with China, Russia, Japan and France - to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years...
Of course, diplomats 'round the world have denied that any meetings took place. And some very well respected financial commentators have pointed out that even if the above mentioned countries were to price oil in other currencies besides the dollar, the world would not come to an end.
Financially speaking, I agree that it wouldn't be such a big deal if oil were priced in Euros or Yen instead of the dollar. From a political perspective, however, the abandonment of a dollar standard would be huge. Remember that Fiat currencies work because people believe and have confidence in the currency. No one uses pieces of paper labeled dollars because they think they have value in and of itself.
They use the dollar because the full faith and credit of the State supposedly guarantees the currency, and legal tender laws compel people to accept them. And in normal times, the risk/reward ratio of complying with legal tender laws induces people to go along with the fairy tale of fiat fundage. Normally, its not worth the time and effort to challenge the validity of the federal reserve note because of its ease of usage in exchanges and the payment of debts.
Because fiat currency is nothing more than a confidence game, anything that rocks the Dollar reserve currency boat has vastly negative political, psychological, and ultimately, financial and economic consequences. The mere fact that dollar negative articles and reports are appearing with more and more frequency speaks volumes. If someone had written the above articles back in tha day, no one in their right mind would take them seriously.
When's the last time someone you know said "Almighty" and "dollar" in the same sentence?
The very idea that global precious metals and foreign exchange markets would be rocked by Mr Fisk's article is another troubling sign that America is heading down the road to serfdom.
Big picture worries aside, however, I'm smiling a lot these days. Why?
Current events on multiple fronts leads me to believe that fiat money, as well as the political feminist order that feeds off of it, is another step closer to oblivion.
My personal net worth has increased, thanks to recent gains in gold, silver, and precious metals equities. That's always a positive. On top of that, I don't spend a lot of time monitoring the markets. Mostly, I sit on my arse for a few minutes, visit a few favored websites, convert federal reserve notes to gold and 90% silver coins, and resume playing Street Fighter 4 like there's no tomorrow (for those who wanna battle, find me on Xbox Live. Gamertag: Mamo187)...
... and for those interested in obtaining physical gold and silver bullion, check these links for precious metals websites I use regularly.
Disclosure: Please note that I have no financial interest, nor am I being paid to share these links. Also, precious metals investing is a risky business, so I would urge you to speak with your registered financial adviser before investing in any financial asset.
Demise of Political Feminism?
I would like to point out that the nations mentioned by Mr Fisk in his article include China, Japan, the Arab states, and Russia. As I've written previously, none of these nations is a fan or supporter of Political Feminism. I've also asserted that a Perfect Storm is going to tear the ship of political feminism apart. It will not long survive the upheaval that is sure to come.
It cannot be denied that feminism is strongest in the English speaking world, and that the United States is one of the biggest exporters and supporters of global feminist jihad .
As discussed previously, the Arab states, China, and others are fully aware of this fact and are even now inoculating themselves against feminist corruption. And while feminists do hold some sway in nations such as Japan, they are weak and largely ignored. Which, by the way, is the appropriate response to such a radical, deceitful, and dangerously destructive ideology.
When (not if) our foreign creditors assume more political and financial power on the world stage, methinks that the fortunes of global political feminism will be crushed underfoot. When these nations, who are quite hostile to feminism, decide what gets funded and what doesn't, do you really think they are going to provide the femmes the generous fiat bankroll that they currently enjoy here in America? Is there another financially solvent nation that is going to take up the political feminist football and run with it on the world stage?
France? Canada? New Zealand? Australia?
Don't think so.
Even in feminist Sweden, the ideological basis of feminism is coming under attack (respect to Men's News Daily for the story).
What IS this crazy world coming to??
Going forward, I think that the nations of the world will agree that American (and British) style feminism would be better off dying a quiet death, alone and forgotten, in a very dark alley. After all, most of our creditor nations have much higher esteem for marriage, family, and male headship than we do here in the States.
Sad but true.
The world is changing. I know you can feel it in your bones. You feel like the ground is shifting under your feet.
Courage friend. We must has courage.
Things are changing. Political feminism is losing the war. Fiat money, the root of all evil, is coming under attack. The massive failures of both of these ideas are coming into increasing focus day after day. Frauds are being exposed, and the implications are earthshaking.
While some of us have found out that most everything we were taught in government schools is a lie, most of us will learn in time. We will discover that modern day marriage is the ultimate bait and switch. We will understand that our government commits unconstitutional acts on a daily basis.
We will know that our spiritual leaders and our medical doctors have deceived us.
Withheld certain truths.
Sold us salt, knowing we are snails.
Obscuring our full potential.
Holding us captive with mental chains.
I know its difficult to adjust to all of these revelations. Fear not.
I smile a lot more than I did when I first fell down the rabbit hole. I've come to a place where the falsehoods and Machiavellian power plays of political feminists and others do not affect my spirit.
And, with open eyes, I consciously make decisions that determine my own destiny. I chase my own goals, and work, in a self directed manner, towards the fulfillment of my dreams.
And so, Dear Reader, I would advise that you steer clear of the dangers. Limit your entanglements. Stay flexible. Know the law. Understand finance and economics. Research spiritual matters with open eyes and a clean slate. Make good decisions that are in your best interests, and that benefit both yourself and society at large.
Slow down. 80% of what we do doesn't matter. But 20% of the decisions we make matter a great deal. Focus.
Stay free. Keep your nose clean. Keep a low profile. Plan your work, and work your plan.
The world is changing, and it's best to keep out of harms way until the dust settles.
And above all... relax! Life is good sometimes.
More to come.