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Page added on April 11, 2014
Is the US Dollar or the World Coming to an End?
2014 is shaping up as a year of reckoning for the United States.
Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.
The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.
Russia and China have had enough. As I have reported and as Peter Koenig reports here http://www.informationclearinghouse.info/article38165.htm Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.
This means a big drop in the demand for US dollars and a corresponding drop in the dollar’s exchange value.
As John Williams (shadowstats.com) has made clear, the US economy has not recovered from the downturn in 2008 and has weakened further. The vast majority of the US population is hard pressed from the lack of income growth for years. As the US is now an import-dependent economy, a drop in the dollar’s value will raise US prices and push living standards lower.
All evidence points to US economic failure in 2014, and that is the conclusion of John Williams’ April 9 report.
This year could also see the breakup of NATO and even the EU. Washington’s reckless coup in Ukraine and threat of sanctions against Russia have pushed its NATO puppet states onto dangerous ground. Washington misjudged the reaction in Ukraine to its overthrow of the elected democratic government and imposition of a stooge government. Crimea quickly departed Ukraine and rejoined Russia. Other former Russian territories in Ukraine might soon follow. Protesters in Lugansk, Donetsk, and Kharkov are demanding their own referendums. Protesters have declared the Donetsk People’s Republic and Kharkov People’s Republic. Washington’s stooge government in Kiev has threatened to put the protests down with violence. http://rt.com/news/eastern-ukraine-violence-threats-405/ Washington claims that the protests are organized by Russia, but no one believes Washington, not even its Ukrainian stooges.
Russian news reports have identified US mercenaries among the Kiev force that has been sent to put down the separatists in eastern Ukraine. A member of the right-wing, neo-Nazi Fatherland Party in the Kiev parliament has called for shooting the protesters dead.
Violence against the protesters is likely to bring in the Russian Army and result in the return to Russia of its former territories in Eastern Ukraine that were attached to Ukraine by the Soviet Communist Party.
With Washington out on a limb issuing threats hand over fist, Washington is pushing Europe into two highly undesirable confrontations. Europeans do not want a war with Russia over Washington’s coup in Kiev, and Europeans understand that any real sanctions on Russia, if observed, would do far more damage to Europeans. Within the EU, growing economic inequality among the countries, high unemployment, and stringent economic austerity imposed on poorer members have produced enormous strains. Europeans are in no mood to bear the brunt of a Washington-orchestrated conflict with Russia. While Washington presents Europe with war and sacrifice, Russia and China offer trade and friendship. Washington will do its best to keep European politicians bought-and-paid-for and in line with Washington’s policies, but the downside for Europe of going along with Washington is now much larger.
Across many fronts, Washington is emerging in the world’s eye as duplicitous, untrustworthy, and totally corrupt. A Securities and Exchange Commission prosecuting attorney, James Kidney used the occasion of his retirement to reveal that higher ups had squelched his prosecutions of Goldman Sachs and other “banks too big to fail,” because his SEC bosses were not focused on justice but “on getting high-paying jobs after their government service” by protecting the banks from prosecution for their illegal actions. http://www.counterpunch.org/2014/04/09/65578/
The US Agency for International Development has been caught trying to use social media to overthrow the government of Cuba. http://rt.com/news/cuba-usaid-senate-zunzuneo-241/
This audacious recklessness comes on top of Washington’s overthrow of the Ukrainian government, the NSA spying scandal, Seymour Hersh’s investigative report that the Sarin gas attack in Syria was a false flag event arranged by NATO member Turkey in order to justify a US military attack on Syria, Washington’s forcing down Bolivian President Evo Morales’ presidential plane to be searched, Saddam Hussein’s “weapons of mass destruction,” the misuse of the Libyan no-fly resolution for military attack, and on and on. Essentially, Washington has so badly damaged other countries’ confidence in the judgment and integrity of the US government that the world has lost its belief in US leadership. Washington is reduced to threats and bribes and increasingly presents as a bully.
The self-inflicted hammer blows to Washington’s credibility have taken a toll. The most serious blow of all is the dawning realization everywhere that Washington’s crackpot conspiracy theory of 9/11 is false. Large numbers of independent experts as well as more than one hundred first responders have contradicted every aspect of Washington’s absurd conspiracy theory. No aware person believes that a few Saudi Arabians, who could not fly airplanes, operating without help from any intelligence agency, outwitted the entire National Security State, not only all 16 US intelligence agencies but also all intelligence agencies of NATO and Israel as well.
Nothing worked on 9/11. Airport security failed four times in one hour, more failures in one hour than have occurred during the other 116,232 hours of the 21st century combined. For the first time in history the US Air Force could not get interceptor fighters off the ground and into the sky. For the first time in history Air Traffic Control lost airliners for up to one hour and did not report it. For the first time in history low temperature, short-lived, fires on a few floors caused massive steel structures to weaken and collapse. For the first time in history 3 skyscrapers fell at essentially free fall acceleration without the benefit of controlled demolition removing resistance from below.
Two-thirds of Americans fell for this crackpot story. The left-wing fell for it, because they saw the story as the oppressed striking back at America’s evil empire. The right-wing fell for the story, because they saw it as the demonized Muslims striking out at American goodness. President George W. Bush expressed the right-wing view very well: “They hate us for our freedom and democracy.”
But no one else believed it, least of all the Italians. Italians had been informed some years previously about government false flag events when their President revealed the truth about secret Operation Gladio. Operation Gladio was an operation run by the CIA and Italian intelligence during the second half of the 20th century to set off bombs that would kill European women and children in order to blame communists and, thereby, erode support for European communist parties.
Italians were among the first to make video presentations challenging Washington’s crackpot story of 9/11. The ultimate of this challenge is the 1 hour and 45 minute film, “Zero.” You can watch it here: http://www.youtube.com/watch?v=QU961SGps8g&feature=youtu.be
Zero was produced as a film investigating 9/ll by the Italian company Telemaco. Many prominent people appear in the film along with independent experts. Together, they disprove every assertion made by the US government regarding its explanation of 9/11.
The film was shown to the European parliament.
It is impossible for anyone who watches this film to believe one word of the official explanation of 9/11.
The conclusion is increasingly difficult to avoid that elements of the US government blew up three New York skyscrapers in order to destroy Iraq, Afghanistan, Libya, Somalia, Syria, Iran, and Hezbollah and to launch the US on the neoconservatives agenda of US world hegemony.
China and Russia protested but accepted Libya’s destruction even though it was to their own detriment. But Iran became a red line. Washington was blocked, so Washington decided to cause major problems for Russia in Ukraine in order to distract Russia from Washington’s agenda elsewhere.
China has been uncertain about the trade-offs between its trade surpluses with the US and Washington’s growing encirclement of China with naval and air bases. China has come to the conclusion that China has the same enemy as Russia has–Washington.
One of two things is likely: Either the US dollar will be abandoned and collapse in value, thus ending Washington’s superpower status and Washington’s threat to world peace, or Washington will lead its puppets into military conflict with Russia and China. The outcome of such a war would be far more devastating than the collapse of the US dollar.
Paul Craig Roberts via The Institute for Political Economy
26 Comments on "Is the US Dollar or the World Coming to an End?"
ghung on Fri, 11th Apr 2014 1:58 pm
Anyone who called for Bush’s impeachment over allegedly misleading Congress about the case for war seems worth a read. One of the few non-neocon conservatives I pay attention to, even if he did give us Reaganomics.
paulo1 on Fri, 11th Apr 2014 2:09 pm
This guy works pretty hard on his conspiracy theories, re: 9/11.
Hey, maybe it was the aliens from Roswell. This conspiracy meme gets pretty tiring. Why is it here?
Paulo
Arthur on Fri, 11th Apr 2014 2:18 pm
Paul Craig Roberts is the most senior voice of the autochtone US opposition today, combining high office (in the past) with full throttle blunt commenting about what is going on and is going to happen in the near future. He takes on the Fed, immigration, Israel Lobby, 9/11 official lies, neocons and recently even made a beginning with historic revisionism. He cheered Snowden, Manning and Assange. He goes much further than Ron Paul or Pat Buchanan, who both remain attached to relatively high positions within the US power/media structure (until recently at least) and moderate their ventilated opinions accordingly. PCR will never be invited by the media, but who needs the media with the internet and youtube around.lol .
Calling him ‘anti-American’ is a little bit of a tough sell.
Arthur on Fri, 11th Apr 2014 2:27 pm
Hey, maybe it was the aliens from Roswell. This conspiracy meme gets pretty tiring. Why is it here?
Tell me paulo1, what exactly do you see here?
https://www.youtube.com/watch?v=Zv7BImVvEyk
Answer: all the columns were blown away simultaneously near ground level, causing free fall acceleration during several seconds.
The buildings was blown up.
Why?
Because plane #4 F93 did not show up as intended, because it was shot down by a local commander near Shanksville, causing great embarrassment for the owner and 9/11 co-conspirator Silverstein, who around 17:00 decided to pu.., err push (the button).
He must have thought: better a discussion about why the building came down, rather than having to dela with inspectors discovering that the entire building was wired for destruction.
Questions, paulo1?
superkaos on Fri, 11th Apr 2014 4:48 pm
Funny what that video says: “Do you believe what you see with your own eyes or what your are told?” Then they go on and tell you that you have to believe it went down because someone put explosives that of course we never get to see.
Stilgar Wilcox on Fri, 11th Apr 2014 4:50 pm
To believe the 9/11 conspiracy theory that the world trade buildings were blown up suggests the absurdity of pre-placing bombs in the locations the two planes just happen to hit the buildings, as if anyone could anticipate those particular floors (which were different for each plane).
There was an in depth investigation into why the buildings collapsed. As I remember from the special on TV, the framework holding the floors together buckled from the heat and then could no longer support the weight above, which at some threshold led to the collapse of the buildings, one after the other with some period of time between each collapse.
In one conspiracy theory footage, evidence of a bomb going off is suggested by the deformation of the windows prior to the plane hitting the building. It’s called an envelope of air which surrounds the plane – remember we don’t live in a vacuum! That envelope which extends in front of the plane is what deforms the windows just prior to the plane hitting. But even beyond that, to think it would be possible to first place the bomb on the right floor, then detonate it just as the plane was about to hit really gives humans much more greater credit than they deserve.
This article starts out with some interesting information and observations but then segues into 9/11 greatly reducing it’s credibility.
I keep seeing and hearing about these theories of the dollar’s demise to occur this year, however it seems like a rumor mill that’s gone out of control gaining momentum in the blogosphere. One of the pet ideas is the dollar’s value suddenly gets revalued at 30% less. This ignores the fact there is a currency exchange in operation, so every day it is open is an opportunity to revalue the dollar, so why would there be a need for a currency reset?
Maybe gold & silver are being manipulated to help the dollar’s value during QE. Very possible, but if there is no trail to who is doing this then how will this effect the value of the dollar?
We know there is peak oil and it is causing a lot of economic pressures around the world, that will lead to greater problems, but I caution against heading off into wild ideas that may reduce the credibility of peak oil.
Arthur on Fri, 11th Apr 2014 5:11 pm
To believe the 9/11 conspiracy theory that the world trade buildings were blown up suggests the absurdity of pre-placing bombs in the locations the two planes just happen to hit the buildings, as if anyone could anticipate those particular floors (which were different for each plane).
Nobody suggest that the bombs that went off, were placed at exactly the location of impact. In reality they entire WTC-1&2 buildings were stuffed with explosives (nano-thermite), causing the complete pulverization of the buildings.
There was an in depth investigation into why the buildings collapsed. As I remember from the special on TV, the framework holding the floors together buckled from the heat and then could no longer support the weight above, which at some threshold led to the collapse of the buildings, one after the other with some period of time between each collapse.
“In depth investigation”.
Sure, it was obstructed all along. Then, after big pressure they started a controlled investigation, overseen by Philippe Zelikow. Even both the ‘chairmen’ Hamilton and Kean of the 9/11 commission admitted that their investigation was set up to fail:
https://www.youtube.com/watch?v=btcEJQac82A
Heat? Which heat? From these few office fires? And even if one column had buckled, that can’t explain why the entire building came down symmetrically, in it’s own foot print, with the speed of gravity.
The investigation failed because the perpetrator of 9/11 (parts of the US government, incl. Cheney and Rumsfeld) let it happen on purpose, that what the Mossad and CIA had organized.
And don’t tell me the US government won’t do such a thing. Go to wikipedia “Operation Northwoods” and verify that in 1962, the highest levels of US government and military had given the nod to a 9/11 style operation, that in the last minute was cancelled by JFK.
... on Fri, 11th Apr 2014 5:14 pm
There wont be any economic collapse any time soon, I´m sorry for breaking your fantasies.
Northwest Resident on Fri, 11th Apr 2014 5:26 pm
… — That’s a very convincing argument you just posted. You haven’t broken my fantasies, rather, you have alleviated my concerns.
But please, provide a little more detail as to why you believe there won’t be an economic collapse anytime soon. I need all the reassurance I can get on this subject, and you seem to be very informed.
paulo1 on Fri, 11th Apr 2014 5:41 pm
@ arthur
Conspiracies are very alluring, and sometimes they are even true. But something of this magnitude without hard evidence or a public/secret figure spilling the beans is simply too hard to believe.
Call me naive, but I have just come back from burning up some debris including dismantling a shed with lots of steel. I watched the steel twist and buckle in the hand built fire. (will salvage steel later for recycling). I am also a long time carpenter and builder and understand how key the interrelatedness of any structure’s parts are to keep said structure standing. There is no strength in high rise interior partition walls. A fire of jet b is more than hot enough to twist up key stuctural components/girders, even tilt up concrete panels. To believe some secret Govt minions snuck in and planted explosives before hand is one of the stupidest ideas I have ever read. And then keep it secret without real evidence? Come on. I fear that any outside readers will tar the rest of our contributions with this outlandish proposition. It will turn folks away from our PO message and discussions.
Believe what you want and say what you will, but don’t expect others to accept it. And that is my last statement on this topic.
regards….Paulo
PrestonSturges on Fri, 11th Apr 2014 6:08 pm
>>>> And even if one column had buckled, that can’t explain why the entire building came down symmetrically, in it’s own foot print, with the speed of gravity.
No, you can look at photos of collapsing WTC1 and see huge masses of steel being thrown at least 200 feet in all directions as the building disintegrates, and this free falling debris is moving much faster than the collapsing building.
Welch on Fri, 11th Apr 2014 6:14 pm
I do not believe it is humanly possible for the number of people a conspiracy of this nature would require to keep a secret. Now, I also do not believe we know everything about 9/11. But all those explosives planted without it see or getting out. Come on people, let’s get real.
Pops on Fri, 11th Apr 2014 7:13 pm
The conspiracy is distracting people with conspiracy so they become grandiose in their perceived insider knowledge and distracted by inconsequential minutiae so don’t realize they are ever more dependent on the very system they pretend to understand but can’t really grasp.
LOL, how’s that?
church of bob on Fri, 11th Apr 2014 7:15 pm
Look the Iraq war was very necessary! And there will be many more wars… You talk the the talk but then cry when the walk is a death march that you don’t like. In the future if peak oil is true there will be millions and billions of deaths…..it is becoming a kill or be killed timeshare. Sorry there is no nice way to put it. We could not leave Saddam in power! He would have been Godzilla on the middle east! There are a lot on here that believe that the PTB have no idea what is going on; I argue otherwise….You egotistical people think you have some sort of secret on peak oil….What do you think the NSA is for….? Everyone here is being carefully watched especially the heavy posters….so don’t be so naive’.
Arthur on Fri, 11th Apr 2014 8:02 pm
But all those explosives planted without it see or getting out. Come on people, let’s get real.
Silverstein controlled access to his own building. You can mount explosive on all the core columns from the elevator shaft, without anybody noticing it.
Brand new:
https://www.youtube.com/watch?v=_-KosTYUs4I
27:22: discussion of the television tower that sinks into the building before the build facade implodes. Only one explanation: the core columns simultaneously are collapsing in their own foot print.
P.S. C-Span keeps being bombarded by question during live programs. 9/11 is still very much alive.
Trent on Fri, 11th Apr 2014 8:03 pm
Man I can’t believe how much time I have wasted on this and other doomer sites….if it is the end and I have been coming here……. sh//!!!!! Why bother? Some people here are so depressed they should just blow their brains out….more room and food for the rest of us….
ghung on Fri, 11th Apr 2014 8:12 pm
Purely for discussion purposes, I didn’t give the 911 conspiracy much thought until I saw the ‘curious case’ of BYU physics Prof. Steven Jones, his analysis, and his eventual resignation. Entertaining if nothing else;
h ttps://www.youtube.com/watch?v=wkaX5n3pfZE
GregT on Fri, 11th Apr 2014 8:16 pm
From the comments here, it is very obvious as to who has bought into the official conspiracy theory, and who has spent any time questioning that theory.
Firefighters on scene describing explosion in the lobby of one of the WT towers, long after the aircraft impacts.
h ttps://www.youtube.com/watch?v=G1zED8dy63w
Firefighters describing controlled demolition. Radio calls from firefighters on scene. Recovery workers describing molten steel, 6 weeks after 9/11 steel is still over 3000 degrees C. 1000 degrees above temperatures that jet fuel can produce.
h ttps://www.youtube.com/watch?v=SXD3bAbZCow
I could go on and on for days, as to the amount of evidence from the scene. Evidence that was never considered during the 9/11 ‘investigation’. Evidence that was swiftly removed and destroyed. Never in the history of commercial aviation, has an accident scene been so poorly investigated, or covered up.
The official conspiracy theory leaves far more questions, than it ever answered.
Trent on Fri, 11th Apr 2014 9:28 pm
Well If the PTB know about peak oil..Which I am certain they did…I would have to say it was a very good plan….Did you really want Hussein rolling around the middle east on steroids? We will have more wars in the future and billions more dying…If you believe in peak oil you have to entertain the thought….Cheny is not called tricky Dick for nothing!!!! For all you people that think your government does not know what is going on think again!!!! Hell they even know everything about you….and probably when you are going to die….
Arthur on Fri, 11th Apr 2014 9:37 pm
Just to hearten Greg, who fears that ‘they’ are almost there… ‘they’ carried out 9/11, 3 months before the blogosphere exploded on a global scale, a colossal mistake. Now they are trapped like rats and this is not going away, we’ve got them by the balls. Several more mistakes followed, the biggest two being the Iraq invasion (leading to Israel becoming a Turkish province again) and the nomination of Putin as successor of Jeltsin as proposed by olicharch Berezovsky, who recently committed suicide, which was reason to open my best bottle of wine. And then there is the influence of the internet. This should be enough to kick them down the ladder for a century or two. It’s Isabella and Ferdinand time again.lol
GregT on Fri, 11th Apr 2014 11:30 pm
Arthur,
Even with all the information available, half of the US population are still buying the official 19 Muslims with box cutters story. Even more telling, recent polls say that 16% of the people in the US still believe Saddam Hussein was involved.
I’m still not so sure that they will be stopped, but I hope I’m wrong, and you are right.
Trent on Fri, 11th Apr 2014 11:37 pm
It does not matter GregT at least “we” know the truth…..
GregT on Fri, 11th Apr 2014 11:48 pm
It certainly would be good to know the truth Trent, but so far it hasn’t been told. Maybe one day……
Makati1 on Sat, 12th Apr 2014 2:02 am
Thermite paint would do the job … but no mention of it other than that it was discovered in the debris that was tested by independent labs. Thermite is a government controlled explosive that is difficult to make. Conveniently, much of the support columns in the buildings had just got a new coat of paint a short time before the explosions.
My career was spent in general construction and I have seen a number of buildings demoed in a controlled explosion. The Two towers had that type of fall. No two towers would ever fall that cleanly if not controlled. Noe would they have total collapsed. Maybe the top floors, but the over design would have stopped the rest somewhere in the middle.
Not to mention the swiftness of the clean up and the hustling of the metals to Japan for recycling before they could be tested by independent labs.
simonr on Sat, 12th Apr 2014 7:55 am
The Government …..
How many days did it take to get water to the people of new Orleans
now you expect they are capable of this ?
possibly some agencies are more efficient than others however those would be the ones controlled by the air loom gang and their alien lizard masters who have infiltrated the government at all levels and live in the hollow earth.
Arthur on Sat, 12th Apr 2014 8:16 am
Simonr, the wiring of the buildings was done by the Mossad, the most ruthless and competent intelligence organisation in the world. Creating the pretext for invading any country at will is a far greater motivator for this crowd than providing water for blacks in New Orleans.
Btw, why are claiming that Jewish secret service people cannot accomplish what 19 Arabs with box-cutters apparently could accomplish? I find that remark borderline anti-semitic.lol