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From Washington Times Blogger: Why US fight? [”Dollar Wars”]

Looking forward to WW3: Iran, Russia and China vs. the USA

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American policy over the last 60 years has become a defense of the U.S. dollar. If we keep it up, there will be war.
Saturday, November 17, 2012 – Politics from the Blue Collar by Mike Shortridge
Mike Shortridge

WASHINGTON, D.C., November 18, 2012 — Now that we have picked our commander in chief for our upcoming war, let us take a look at how we got to this point.  As is always the case, to understand the future, you must look to the past.

Bretton Woods, NH, July 22, 1944 — 730 delegates from the 44 allies of World War II signed the Bretton Woods Agreement, simultaneously creating the International Monetary Fund and establishing the U.S. dollar as the world reserve currency.

This system specified that one troy ounce of gold would be worth $35 U.S., and that the U.S. would redeem Federal Reserve notes from foreign governments at that rate, even though the country had been off the gold standard for almost 12 years. Other countries pegged their currency to the dollar, fixing exchange rates for the member states.

The Federal Reserve quickly accumulated massive quantities of gold from all around the world in return for this paper currency, which other nations held in reserve for international exchanges, and which, unlike gold, earned interest in American financial markets.

Washington, August 15, 1971 — Due to extravagant military expenditures during the Vietnam war (in excess of $500 billion), many countries became convinced that the federal reserve bank was printing money in excess of the amount the U.S. could redeem with the physical gold in its possession (which totaled only $30 billion). President Johnson launched his “Great Society” programs, declaring “war” on poverty and adding 4 million new recipients to the welfare rolls, at the same time refusing to raise taxes.

This vast expansion of spending threatened to devalue the currency. In 1970, US government gold coverage of the dollar fell from 55 percent to 22 percent.The US money supply expanded by 10 percent in 1971, leading Germany and Switzerland to withdraw from the Bretton Woods agreement rather than devalue their currencies by propping up the dollar.

Other countries began to return banknotes to the U.S. Treasury, demanding their gold back. After France reclaimed over $190 million worth of gold and Switzerland took $50 million, President Nixon delivered the “Nixon Shock,” unilaterally breaking the Bretton Woods Agreement. Not even the U.S. State Department was warned that this would happen. The dollar was now a floating currency, and the value of that currency began to plummet against other currencies.

Washington, 1973 — Promising military protection of the oil fields in exchange for their cooperation, President Nixon convinced Saudi Arabia to sell oil to foreign nations for only one acceptable currency – the U.S. dollar. This caused a surge in demand for dollars. Other nations now had no choice but to export whatever goods and services the U.S. needed at the time in exchange for currency printed from thin air. This currency then accumulated in the oil-rich nations of OPEC as “petrodollars.”

This was the biggest con job in history. We had only to fire up the presses, and received whatever goods or services we required, as our customers had no choice if they wanted to continue to be able to buy oil. The United States had been the richest country in the world for almost a century and the most powerful for 30 years, and this arrangement seemed to cement the dollar in place at the center of international finance at a time when its value was declining rapidly against the major European currencies.

Standards of living for those directly benefiting from these policies skyrocketed, and they quickly amassed vast fortunes. They rose high in both political and financial power.

And became willing to do anything to keep it that way.

Iraq, 1991 — The Unites States invaded Iraq in the Gulf War in an effort to relieve Kuwait from aggression. The war was over 100 hours after the shooting started, and the Iraqi army was decimated. We destroyed Iraq’s hospitals, water purification facilities, bridges and much more of the infrastructure they needed just to survive.

Throughout the Clinton administration, crippling sanctions created a decade of death in Iraq. Over 1 million civilians died due to starvation, disease and lack of medical care. Five hundred thousand children died in that dark time, which then Secretary of State Madeleine Albright called “worth the price.” Worth the price of what?

Iraq, November, 2000 — After a decade of death, Iraq announced that it would no longer be selling its oil for US dollars, but exclusively for Euros. This attack on the dollar was not to be tolerated, as it reduced profits the US enjoyed from being the middleman.

The US government, using the powerful mass media, easily convinced the American citizens that Iraq had weapons of mass destruction, and of harboring al-Qaeda.

Iraq, March 20, 2003 — The US invades Iraq. We end up with 5,000 dead US soldiers, 37,000 dead Iraqi military (civilian deaths add thousands more), no weapons of mass destruction, no al-Qaeda. Once control was gained, oil sales were immediately switched back to dollars, despite Iraq having to give up nearly 20 percent profit due to the strength of the Euro. The occupation of Iraq lasted nearly 9 years.

Washington, March 2, 2007 — General Wesley Clark, former Supreme Allied Commander Europe of NATO, said the following in a TV interview, repeating a conversation held with another general on or around September 20, 2001.

“I just got this down from up stairs from the Secretary of Defense’s office today. This is a memo that describes how we are going to take out 7 countries in 5 years.” “Starting with Iraq, then Syria and Lebanon. Then Libya, Somalia and Sudan. Then finishing off Iran.”

Libya, February 2011 — Muammar Gaddafi was organizing a group of North African countries, developing a new, gold-backed currency called the Dinar. The intended use of this currency? To remove dependency on the dollar and the euro, as the countries participating in this plan would accept only gold dinars in exchange for their products and resources.

US and NATO forces invaded Libya, allowing Gaddafi to be brutally murdered in cold blood, and immediately setting up a central bank, similar to the fed, that of course, would only deal with dollars.

Iran, February 2012 — Iranian central bank governor Mahmoud Bahmani announces that they will begin accepting gold as payment for oil. For quite some time Iran had been actively trying to escape the dollar, leading to prolonged “minor” sanctions for decades. This announcement was immediately followed by massive amounts of media coverage regarding the potential nuclear threat of Iran. This was followed by devastating sanctions, which have the explicit goal of crippling Iran’s economy.

A country that had not attacked another country since 1798 suddenly became the greatest threat to the national security to the United States, according to Governor Mitt Romney in the recent presidential debate on foreign policy.

I believe that President Obama meant every word he said during the 2008 presidential campaign. He spoke of hope and change, government transparency, reducing the debt, and he probably meant every single word. He was a young, idealistic senator, with very little experience outside of a classroom.

I believe that he found out who was truly in charge when he took office.

And the people who tell our president what to do will not allow the almighty dollar to fall. If even one country is allowed to stop accepting only dollars for oil, the dollar will cease to be the world’s reserve currency and will fail, utterly. So how many lives is it worth? China, Russia and Syria are staunch allies of Iran, and will not stand idly by as their primary source of oil is sacked.

We must accept our medicine for the decades of excess that the ultra wealthy have been given. They of course will be just fine, but you and I … we will pay with everything we own, including many of our lives.


I give full credit for the research and compilation of this information to StormCloudsGathering. His excellent video on this topic can be seen here. Please, watch the video and make a strong, peaceful stand to stop World War 3. This is out of our government’s hands. Only We the People can stop this.




This article is the copyrighted property of the writer and Communities @ WashingtonTimes.com.


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About s.s.salim: Geopolitical Analyst

Political & Strategy Defence & Security Intelligence & Communications


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