I did this on the petrodollar awhile back but, never posted it. I decided to now after seeing the Reality Check video.
Given that the US dollar is no longer based on the proportion of gold reserves, so what is it based on? Why is the US involved in conflicts all over the world? Why are we on the verge of attacking Iran for the suspicion of maybe, sort of, having a nuclear weapons program? Which, Iran is years away from perfecting. Even if they were enriching materials for that purpose they have the right. So, why would the US start WW III over WMD that don’t exist? The answer; the bankers and corporate elite have to protect their interest at any cost. Even snuffing the lives of men, women and children, destroying economies and invading sovereign countries is not too high in their eyes. There will be hell to pay when the US wars of aggression come home to roost.
Now let’s go back in time to August of 1971 when then President Nixon proclaimed: “I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connolly to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of United States.” Before Nixon’s statement it was clear to the world and notably France that the US was printing more Vietnam War dollars than gold reserves would allow. Given this fact, nations began demanding payment in gold for their dollars per the Bretton Woods agreement of 1944. For the nations that delegated their gold to the US, this was absolute pilfering for self-interests. In one foul swoop dollars where transformed into fiat currency giving the Federal Reserve ability to print worthless dollars out of thin air devaluing each with every new one printed. This system would be fine as derived by Sec. of State Henry Kissinger, except when demand for dollars fall.
To make sure there was a demand for US dollars Kissinger and Nixon convinced King Faisal of Saudi Arabia that the US would protect Saudi Arabian oilfields from any and all invaders. Of course the US wanted something in return. Saudi Arabia and by annex OPEC, agreed to sell their oil in US dollars only. Every country that wanted to by oil from OPEC first had to exchange their money into worthless US dollars first, at a loss most of the time. Participating nations as part of the deal also had to invest profits in US treasuries and bonds. How sweet it was for the US corporations and the elitist bankers. The US economy grew by leaps and bounds. The printing presses rolled as nations exported their goods for fiat dollars, buying oil in return. The scam was grand. The Military Industrial Complex grew like an out of control wildfire with the never ending influx of green paper. No country could compete against the might of the US military, not even the great Soviet Union in 1991. If you didn’t want to play the game, then you were forced. Oh, the scam got even grander, the only and biggest super power was created. There would be Pax Per Poten (peace through power). The Petrodollar was born.
The same year the Soviet Union collapsed the US invaded Iraq. Destroying their developing country and crippling their military. Imposing harsh sanctions, which starved innocent children and their families. Zionist pig Madeline Albright thought it was worth it http://www.youtube.com/watch?v=FbIX1CP9qr4. In 2000 Iraq starting trading oil in euros causing the bankers to go into panic mode, they would not get away with that. Shortly after came the USrael false flag attack on the New York World Trade Center. The dreamed up threat of WMD in Iraq gave reason to invade the country and abruptly convert oil trade back into US petrodollars. But that is not the only country wanting to move away from the petrodollar. Egypt, Libya, Syria and others are looking to get out of the scam. Russia and China have started and want to trade more with their own currency. The list will grow as other countries wakeup to the largest scam in history. The petrodollar and its military might will fight tooth and nail to the end. The list of countries to convert and dominate is presently being aligned as the threat to petrodollars increase. Wesley Clark is an insider but, you get the picture here. http://www.youtube.com/watch?v=brckLyM1_FE .
Any country trying to get out of the petrodollar monopoly will be invaded and controlled and the list is growing. But, now the Fed Reserve banksters are losing their footing on a slippery rock and are about to fall into the water and drown. Their arms are flailing, lungs gasping for breath and legs getting tired. Unlimited QE3 will be the concrete slippers. The US economy will be pulled under along with the petrodollar. Now ask yourself, how do we have a national debt if the worthless currency isn’t even real? Do they really care about you? No!