Sunday, March 20, 2011

U.S. Dollar Devaluation and the I.M.F.

Dollar Devaluation, Protests, Riots, Gun Confescation, Civil War, Nuclear First Strike
by Brain Bender

IMF Calls for New World Reserve Currency
This week we were informed that the International Monetary Fund (IMF) is calling for a new world reserve currency. Since WW2, the Dollar (USD) filled that role. And with the USD as the world currency, the United States has had the luxury of expanding our global military presence and funding large social programs beyond what we could afford. When the US Congress appropriated money beyond revenues, the US Treasury simply issued bonds to the FED to sell on the world market. Because countries like Germany, China, and Japan had trade deficits with the US, and had lots of USD laying around, and because many resources like oil can only be purchased with USD (Petro-Dollar System), these countries are interested in maintaining a strong USD. Therefore, for the last 65 years, they have been induced into financing our yearly national deficits. However, now that the IMF is calling for a new World Reserve Currency, the Special Drawing Right (SDR), the Dollar and the US is doomed.

US Dollar Devaluation
I am not sure most people understand how precarious our economy is right now. Since the housing collapse in 2007-8 due to the Goldman Sachs fraud and the Bank of International Settlement "Basil II Accords", the only thing that has been propping up our economy thus far has been the TARP bailouts, Quantitative Easing, and Multinational Companies bringing in 1 Trillion in offshore profits tax-free and buying their own stock on the right hand, and selling off their stock options with the left. And finally, the fact that the USD is the world reserve currency.

Special Drawing Rights (SDR)
However, the TARP money is spent, Quantitative Easing has already devalued the USD since 2006. The last leg supporting the US economy is about to be cut out from under us by the IMF. The SDR is not new. Those who are acquainted with the power of the G20/World Bank/IMF/Bank of International Settlement have known about the SDR and have been watching for this move for some time. The US Postal Service has had its clerks converting USD into SDR to determine insurance rates for at least the last year.

Hyperinflation Not Necessary
Some doom and gloomers out there are claiming that the US is poised to experience massive hyperinflation like the Veimar Republic in the 1920's and Zimbabwe in 2000's. This may occur, I can't say for sure one way of another. My point, is that hyperinflation is not necessary to greatly damage our country. All we would need is 6-10$/gal gas. Since WTO, NAFTA, and GAD, the US has lost much of its manufacturing infrastructure, and we import much of our natural resources, including oil and food. If oil is priced in SDR in the near future, the demand for, and value of the USD will fall, and the price for oil will increase. With a higher price of gas, US companies will still be manufacturing and importing, but many in the US will not be able to afford to purchase basic necessities.

US Government Bankrupt
According to Wiki, there are over 50 million Americans receiving some sort of Federal Assistance through Medicare, Social Security, Disability, or Unemployment. As the dollar is devalued, the higher prices will stretch the poor in America to the breaking point. There will be more unemployment, more bankruptcies, and more home foreclosures. However eventually, there just won't be enough money to support all the poor and support our global military goals at the same time. The US can continue to print USD, but the value of the USD in relation to other currencies will continue to drop. High oil prices is all it takes to cause high food and energy prices.

Weak USD => Famine
If the USD is replaced by the SDR, and no longer accepted by foreign countries in exchange for natural resources or finished goods, I cannot see how the USD will not become even more devalued. And with the weak, devalued dollar, I just don't see how millions of Americans don't begin to go hungry. And hungry people, especially if government subsidies are cut, will set the stage for what happens next.

Famine => Protests => Riots
As we have seen on TV in many countries already, hungry people will peacefully take to the streets in demonstration just like Egypt, Great Britain, Greece, and Iran. With a great many demonstrators on the streets or our large cities like Chicago, it wouldn't take much for a handful of anarchists/agent provocateurs to break a few windows and torch a few cars to turn a peaceful demonstration into a riot. With a riot, comes police, and possibly military engagement against the citizenry to quell the violence. However, there is a difference between Egypt vs the US, and that is that while Egyptians had plenty of rocks to through, Americans have guns. If there are street clashes, I hope and pray that civil unrest does not break out all over the country.

Riots => Martial Law => Gun Confiscation => Civil War
With riots going in throughout the country, these could easily spill over into suburban areas. The national guard and US military will be called in to put down these insurrections, and will likely go door-to-door confiscating guns. If the US Government tries to enforce a policy of widespread gun confiscation, there would be all out civil war. The Federal Government has been encroaching on our civil liberties such as freedom of speech, press, religion, assembly, and from illegal searches and seizures for too long. While I am not so passionate on this one issue, I fear any further encroachment on the 2nd Amendment would be the straw that breaks the camel's back.

Soviet Union Staged its Own Death
Many American's hold the false belief that the Soviet Union fell in 1989. That would be a grave misconception. It is true that the Soviet Union was under great economic stress to keep up with the massive US military buildup during the Cold War as well as support millions of impoverished people in the Balkans and Kazakhstan. However, the Communists pulled off an ingenious ploy by faking their own death. So, all this time, what they really accomplished was cutting loose many impoverished countries which allowed them to concentrate even more money into the building of their Military Industrial Complex. However, the Russians still are very sensitive toward wealthier countries like the Ukraine and Georgia with pro-western governments. If Communist Russia really dies in 1989, then why is the US continuing to surround and provoke them, and why did Russia try to Assassinate the Prime Minister of Ukraine, decapitate the government of Poland, and invade Georgia in 2008.

Provoking the Great Russian Bear
I am sure, many will not forget the great drought and fires that burned all over Russia last summer. Weather you believe in weather modification/manipulation technology or not, is really not important. The issue at hand is, "do the Russian's believe that the US can modify the weather?" And, the feeling is that not only does Russia believe that the US directly caused the drought and fires in their country in 2010, they also believe the US has been secretly supporting Chechen Terrorism in the same way elements associated with the US are suspected of supporting Al Qaeda. The Russians also believe the the US was supporting mercenaries in Georgia, which led to conflict in 2008. Again, it doesn't matter what is true here, what matters is what the Russians believe is true. If the Russian government has bought into the conspiracy theory, then this suspicion will result in a response; true or false. The US is being framed.

Surprise Nuke Attack
If the IMF institutes the SDR this next year resulting in the further devaluation of the USD, we can expect demonstrations, riots, and martial law. If the imposition of martial law brings door-to-door gun confiscation, we will have civil war. If all this occurs in the next 2 years before the election, the time for Russia to attack, assuming President Obama looses the election, the window of opportunity to attack for the Russians will be before the inauguration of the newly elected president. The country will be divided, the the Russians and Chinese may feel like there is an opportunity to neutralize this constant annoyance of the US once and for all.

In their mind, the Globalists have convinced them that they could rid themselves of all nuclear weapons once and for all by everyone launching them at the US while we are divided and are not likely to have the capacity, ability, or will to counter attack. The Chinese have already demonstrated an EMP device, totally paralyzing a Cruise ship (Carnival Splendor) in the middle of the ocean. Later last year, we saw another missile launched by a Chinese submarine right off the coast of Los Angeles. The first action by China was before G20 in Korea in response to the US printing 1 Trillion USD to devalue its currency (QE2) and monetize its debt. The second action off Los Angeles was in response to Pres. Obama's visit to India.

Read the rest @ Brain Bender





Please also visit The Freedomist for more information on the Devaluation of our Dollar

8 comments:

  1. I think you are right and I think it is happening right now. The US dollar has been on a landslide. since you wrote this article.

    ReplyDelete
  2. This is soooo alarming its inconceivable that this is not being shown on mainstream media (yet we are bombasted with this Anthony Weiner mess)!!

    Has the American Government and Corporate greed driven us to the brink of our own economic destruction?

    Will US Dollar retain its place as THE STANDRD? or will the Lender Now Become the BEGGER....

    I am so disgusted, and disheartened by the apathy that our elected/appointed Government officials have for the American people, its like sheep being led to slaughter

    WAke Up PEOPLE WE ARE BEING BAMBOOZLED, And HOODWINKED by the US GOVERNMENT, does anybody care???

    ReplyDelete
  3. Apparently so, anonymous...many people do and the stats to this article tell the story...To date, it has been read more than 3,000 times...The People are waking up

    ReplyDelete
  4. These videos are more than 30 years old. There are other players I am currently more concerned with than Russian. Physical strikes are no longer necessary...just a internet black-out would be more immediately devastating. The controls of the IMF, WTO, etc. As our country is allowed to be financially drained as security for other counties and those we support as basically welfare entities while we neglect the needs of our own citizens.

    ReplyDelete
  5. Devaluation happens and financial institutions need to be able to adapt. IMF may need to work on its progress.

    ReplyDelete
  6. US dollar won't fall to peso level, but there's a strong possibility the dollar's slide will last well into next year.The likelihood that the dollar will suddenly lose most of its value is remote.

    option trading

    ReplyDelete
  7. Dollar devaluation can definitely happen. We just have to learn some strategies on how to adapt to this.

    Options Trading Strategies

    ReplyDelete
  8. After study a couple of of the blog posts on your web site now, and I really like your method of blogging. I bookmarked it to my bookmark website list and will probably be checking back soon.
    Engine oil additives manufacturer

    ReplyDelete

I want to hear from you but any comment that advocates violence, illegal activity or that contains advertisements that do not promote activism or awareness, will be deleted.