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Page added on April 6, 2005

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USGovt runs the largest protection & extortion racket in modern history

The Petro-Dollar system is a vast banking and commerce system designed by major world economies. Japan, South Korea, France, Germany, Argentina, these nations are typical in purchase of oil without the benefit of domestic production. So they must create a system for having cash ready to make timely payments, much like a checking account. The system’s overt original purpose was to enable and facilitate payment for extremely large supplies of delivered energy products, principally crude oil but also natural gas. The commodity payment system has actually evolved to become much more far reaching.

With the USDollar as world reserve currency, the USGovt abuses the privilege on a grand scale. Sure we donate heavily to charitable causes, like disaster relief. But we are heavy handed in order to maintain the privilege of running an uncontrollable printing press, which in private circles is known as a counterfeit operation. That press funds our operations, which in my view have clearly gone amok.
Financial Sense Online



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