They’re also destroying the Empire with their own hands…. Putin spells it out very clearly what is happening with the dollar, but, only a 37 second clip. Is this part of a longer interview – panel discussion?
I believe that the Anglo Zionist Empire has begun its death throes. It will go the way of all Empire’s. Over reach and overstretched and trillions upon trillions spent in maintaining it.
Something has to give.
You have to wonder when you look at the charts like the one they show at ZeroHedge with a graph of the world’s reserve currencies and how long they last. About 100 years or so for each currency.
It seems in the bygone era, a country’s economy would mature, then a younger or successor nation would rise and take over reserve status.
But today, the Atlanticist Bankers have seem bent upon using Reserve status to assure destruction, not construction.
They are indeed forcing nations away from a ‘NWO’ to a (preferred) multilateral order. We can only hope this is successful, and that the world’s peoples are not forced into a single currency dominated by the Atlanticist Powers.
Problem with comparing USA is they reset the currency more often than that,
USA has bankrupted its debt 3x since 1776, by that I mean they defaulted on their t-bonds
last reset was when nixon went off gold, before that bretton-woods, before that in 1933, before that 1907, during civil-war us currency was reset, …
…
The thing is right-now USA reserve currency is still +60% of trade, these things take a long time to unwind.
USA has the MIL power, and is willing to use it,
Also bear in mind TRIFFINS-DILLEMA, which says that a reserve-currency, must un-employee and murder its own people, USA does just fine with this model, nobody else on earth including russia & china wants to be reserve-currency
In summary this is like a continuous ZH sky-is-falling article, PUTIN doesn’t really want the USA to go away, he just wants their monopoly of SWIFT and the payment systems to go away
…
NWO is zio-anglo-nazism, and they’re doing just fine, and will remain in power long after the USA is dead
I have heard of the the Triffin dilemma and as I understand it, it applies to the Bretton wood agreement as well as the petrol dollar. Is something like the Bancor or the SDR the beginnings of a world currency? Would that be the beginning of a supranational economic authority?
Triffin Dellemma applies to any & all reserve-currency’s in human history.
Even the classic “Rise & Fall of Western” two-vol german in 1920’s addressed how all paper money society’s for 2,000 years ended. ( Oswald Sprengler – read his stuff )
1.) A reserve currency must have a negative balance with traders
2.) Because of the negative balance, must import which means no jobs for res-cur currency nation
3.) un-employed will protest, thus gov must kill them
4.) sure gov can get free stuff for printing free money, but eventually 2nd/3rd world catches on and demands debt be paid in foreign currency, aka GOLD
5.) reserve currency declares war on its own people, civil war
Triffin’s Dilemma is just a dilemma because yes, it lets politicians get money for free, but eventually it kills the GOLDEN GOOSE
Summary, but CHINA & RUSSIA in the past have said, they don’t want to be reserve currency nations, and the USA loves to kill everybody and anybody, so its a classic fit.
If you truly want to understand the 2,000 history of ‘western mercantilism’ ( jewish kleptocracy ), then read all Sprengler volumes.
i like you handle!
and you seem knowledgeable i’ll dare ask your opinion.
what is the problem of having a currency have its production yearly adapted to the taxes claimed?
this strategy waa used with success by the last roman emperor before splitting east/west and recently in the 80’s to fix brasil currency.
This is what I wrote on on the subject of reserve currencies and the Triffin Dilemma on 1st April 2018 when the Shanghai Oil futures Trading Platform opened…dated admittedly but perhaps still of some relevance…
The reign of ‘King Dollar’ as the unchallenged world reserve currency took a wee bit of a knock last week with the opening of the Shanghai oil futures trading platform. Days later China announced it will be paying for its oil imports with yuan rather than greenbacks.
This news is not just about the petrodollar but very much about reserve currency status as well. History tells us that global reserve currencies don’t last forever. The pound sterling looked to be invincible during the period of time ‘where the sun never set on the British Empire’…except it did.
Portugal had its run of 80 years from 1450, then Spain for 110 years, Holland 80 years, France 95 years, before Britain enjoyed the privilege for some 105 years.
The US dollar has been the official reserve currency since 1944 [74 years], but add to that the fact that it was commonly used in trade since the 1920s and that works out at more like 90 plus years as a major player…that is around about the historical average reign.
Recent events on the surface seem to be more about the demise of the petrodollar than anything else but given that annual oil trade is roughly $14 trillion and that the dollar is used in 99% of the trade, this is a very big deal not just for the petrodollar but in world reserve currency stakes as well.
My call… the US$ will be the last sovereign reserve currency to exist and these recent events are the writing on the wall for it to gradually lose its status.
Methinks the new system will be one where a number of currencies share a stake as a reserve currency, either by no organised system of control and based on market perceived individual merit, or by an organised system [by the IMF] like a basket of currencies and using SDRs [special drawing rights] which are an international monetary currency for use in international trade only.
Bring it on… with one country enjoying overwhelming dominance in reserve currency status it is apparent to me that it becomes a ticket to indulge in extremely bad behaviour…not the least of which enables the build-up ridiculous debt and to enjoy the seemingly endless ability to sell that debt.
If you can endlessly sell your debt there is the likely corollary that you will be more likely to be reckless in your spending behavior. Along the way, you might even decide that you really do need 1000 military bases around the world and that your ‘defense’ budget really should be equal to your next 8-10 ‘adversaries’ spends combined….sort of like the modern-day equivalent of the Roman Empire…brings to mind the term ‘overreach’ doesn’t it…how about disastrous overreach…that might be a more accurate description.
The other side of the coin is the ‘Triffin Dilemma’ where the incumbent country by definition runs continuous trade deficits which eventually reduce its currency’s use in international markets…ie supply would increase without a downward revision of the reserve currency. This is what is happening at the moment and in all fairness, it does make it difficult for US exporters to compete on the world market.
IMHO the sooner the greenback loses its reserve status the better it is likely to be for humanity and in the final [allbeit painful] analysis so too indeed for the US itself. The demise of the petrodollar should be welcomed and dare I say it, celebrated. You never know, with all of the above coming to pass, it might even lead to significantly less warfare.
These unfolding events are the proverbial horror of horrors for Warshington and the Deep State which to this day still calls most of the global shots [pun intended!]. You never know as a result of all of this there exists the faint glimmer of hope that peace might even break out. Now there’s a novel idea!
Your quite right Carrol. The sky rarely falls so quickly and many many people who pay attention to these things (both those working for and against the empire) see it coming many many years in advance. Many agains the empire have been predicting the fall of the currency for decades. No one knows how long it will last. But it won’t be in 2020 or 2021…so not soon. Putin likes to poke the bear who is too weak and too distracted to fight back. Good for him, but he is not a psychic just a masterful provacteur.
Screaming the sky is falling is hardly prognostic in this case, it’s just another way for lazy writers to get clicks.
Your comment made me think of this part of Ernest Hemingway’s novel, The Sun Also Rises.
“How did you go bankrupt?” Bill asked.
“Two ways,” Mike said. “Gradually and then suddenly.”
Nations go bankrupt in the same way. Banking collapses occur in the same way. Currency crises strike in the same way. They all happen gradually… and then suddenly. Sometimes overnight. Just as happend with the USSR along a long list of other nations.
This saga (to get rid of the US $ did start around 4 decades ago. Ironically, if the current Russia and China did not play ball with the USA, the US$ would have collapsed years ago. Only recently they stopped playing that game.
Ps, to solve the triffin dilemma all you have to do is seperate the means what you use as currency and what you use as long(er) term savings. Institutional changes have already been made to facilitate that. It is now up the powers that be when to trigger it all. You dont want to get the blame for collapsing the current financial and thus military order.
“Ps, to solve the triffin dilemma all you have to do is seperate the means what you use as currency and what you use as long(er) term savings. ”
Here you have hit the nail on the head. It is best to think of 3 kinds of money as:
1) Currency which must hold it’s value for a few weeks between the
paycheck and paying the bills. This currency constantly circulates;
2) Ownership of something that holds value for a few years. This is your
intermediate savings for whatever – down payment for car or house,
money for college, savings for a rainy day, retirement, etc. Investment
of value must be somewhat liquid. Possible investments are savings
accounts, stocks, bonds.
3) Ownership of very long term wealth. To hold value for the long term,
i.e., to keep wealth for generations, land/property may be best. It is
something real and its ownership is guaranteed by the state
government, not some private bank. Raw wildlands not in the path of
development should not be bubbled up by bank credit. Buy your own
wilderness area and pass it on to your kids!
I think you confuse two things in your post. Reserve currencies do last around a century. A regular fiat currency tends to last for around 45 years.
I like to point out that reserve currency status can end nearly over night like it was with the Dutch reserve currency. This because the traders knew an invasion was about to happen so they janked their deposits. Since it was a fully backed currency it did not lead to a currency collapse.
We also did not have to kill our own people back then since we could sustain monopolies and oligopolies on many levels. In our discussion it ment, import enough ”raw” gold and silver and stamp it with the guilder symbol, and extract a huge amount of seniorage because of that. Ofcourse also backed with out famous navy.
The only thing giving value to the Dollar today is its usage. Something no military can enforce. IF the rest of the world can agree to switching to using something else as a means of payments the US empire will collapse like a house of cards in no time like the USSR. Something defenately in the interest of current Russia (and most of the non western rest of the world).
Historically there was no such thing as “reserve currencies” in their current form prior to the current monetary system’s “reserve currencies”.
Reserves used to consist mostly of gold and silver, 1944’s Bretton Woods agreement expanded acceptable reserves to include the U.S. dollar and other currencies.
Yes there were reserve currencies all the way back to when the Portugese started colonising South America. Untill quite recently we used ”raw” gold and silver and then ”stamped” the issuers currency logo on it. Earning tons in seniorage. Not that much difference to what we now do with paper and digits. A true waste of gold and silver ofcourse but that is another story. The only difference is that the creation of new currency was hampered because you can only create new (reserve) currency by sourcing new ”raw” gold and silver. Unlike paper and digits that can be created in infinite amounts like now. Since we are still on a petro dollar system, it is a tad different.
Recently mr Trump stated he secured the Syrian oil, just as the Iraqy oil was secured by the Bushes. Really think the oil policies are there to get the oil to the market (smile)? No, they are policies to keep the oil in the ground! This way the oil price gets high, creating huge demand for (petro) dollars and thus the USA can keep printing. Keeping the Dollar in high demand. That is now failing. See my earlier remarks on this topic.
The US Real Evil Empire will follow both Hitler’s Gotterdamerung type of exit, and the Zionazi Samson Option, by ‘taking the world down with us’, as the Zionazis have long promised to do. In fact, of course, our fate is already sealed, as they are beginning to understand in Austfailia as the climate disasters pile up. Sadly, many of the Dunning-Krugerite dead-heads, particular the fakestream presstitute liars, seem even to believe the denialist lies that these disasters are cyclical, and we will ‘return to normal’. In fact the disasters will grow worse and worse and unimaginably worse, over millennia.
No proof of that.
Only assertions by leftists wanting to use the issue to put on climate taxes that will not be used for climate matters but to pork barrel their own pockets.
But we do need to do a proper independent study and control toxic emissions.
The science was settled decades ago. Denialism at this late stage is truly pathetic, and all over a phony fear, peddled by the denialist industry, of taxes. You can’t eat money, you know.
@Arthur
Agree, but the leftish have only learned soft values in school and are therefore only able to relate themselves to consensus science ie headlines in media and gossip majority.
Climate Exchange Public Liability Corporation was created by former director of Goldman Sachs Bank and US Vice President Albert Gore, a lawyer the future president of the United States, Barack Obama drafted the statutes, and opened offices in opened in Chicago, then London, Montreal, Tianjin and Sydney selling CO2 quotes.
As CO2 is only one out of many house gasses its obvious its influence can only be marginal, and in short, the fear of global warming allows a few powerful people, and they alone to get rich.
Gezzah Potts, I doubt it that the US will collapse like you are stating, if you believe that then you’d have to accept the same for China because their debt to GDP ratio is worse than the USA and the they have terrible demographics because of their ill-conceived one child policy (a sudden aging population with not enough young people to support them).
Somehow China will muddle through and manage their crisis caused by incompetent passed leaders and the same applies to the USA, they too will find a way to come through relatively OK and they’ll still be the most powerful of the multi polar powers.
China has used its debt to build a thriving society with the best infrastructure on Earth, and a massive scientific/technological superstructure. It also is building infrastructure around the world and trading with the world, an spends 10% of what the USA does on ‘defence’. Its economy, already the largest on Earth, since 2014 in PPP terms, is not financialised and parasitised like the USA. The USA is going down, primarily thanks to moral decay and self-delusion.
Wrong again mulga mumblebrain, if you go by purchasing power parity, then the chinese military budget is equivalent to 40-50% of the US defense budget, you can’t have it both ways: either stick to nominal GDP, then China’s GDP is much smaller than the USA’s and their defense spending is only 25% of the US Defense budget (not 10% like you claim) or you can use PPP GDP, then you have to accept the Chinese military budget is 1.11 trillion yuan which is $164Billion USD in nominal terms, by PPP terms that’s equivalent to $328Billion, which roughly half of the US defense budget.
Secondly, China having the largest GDP in terms of PPP is debatable, but even if true, it’s unimportant (see point the next paragraphs).
Thirdly, China is floating on massive debt, they don’t have the surplus capital capacity like the US (with their printing press and their still massive lead in technology), they still have 100s of millions of poor people to take care of and aren’t stupid enough to waste time to be the world’s white knight (reality check for the lazy cowards that want China to solve all of the world’s problems and cast China in an idealistic light that the chinese leadership themselves hate and despise (check their speeches) because they’re not stupid. It’s not their responsibility to do so: they are only responsible to chinese people, period.)
The chinese debt needs to be paid back eventually; are you aware of who the lenders are? No, obviously you don’t, because you wouldn’t be so cavalier with it; the Chinese debt is is owed to the common chinese saver, the poor and middleclass families that work so hard to salt away as much as they can into their savings.
In a country with a surfeit of information, a paucity of knowledge and a dearth of wisdom, discernment and true self interest were drowned by hysterical emotionalism years ago.
Euthanasia of the ruling elite would be a mercy and a relief for its people but that option is not on the table. Feckless indolence rules the day among the masses.
Looks like everyone is going down with the ship. Willy nilly
It is actually a good news. But I think, in my opinion, Putin should not confident to believe that the death of dollar means the weak sign of AngloZionist Empire (If I understand correctly). Because from my knowledge, AngloZionist Empire is the multiple tentacles that can grow its tentacle unlimited after one of its tentacle is cut. Even if the dollar is dead right now, the empire can find another currency is Bitcoin. I suggest we should consider this:
By the way, consider the fascist coup that happened in Bolivia from the last week, it is proof to prove that the AngloZionism Empire has ability to create backup plans unlimited.
Satoshi’s bitcoin paper white (2009), was a 100% copy of the original BIS document from 1997 on crypto-currency
Bitcoin is based on two algo, SHA256, and ECDSA-256p1, sha is a hash, used to calculate bitcoin mining, and a one-way trap-door for encoding info, ECDSA is the elliptic-curve the key used to prove ownership of your bitcoin.
In summary, given that BIS is the father, and given the children of Bitcoin is NSA, it would really dumb to think anything else, than bitcoin is a CIA-NSA-BIS honeypot.
Also given SHA256 & ECDSA-256 are nsa, and nsa has never made an algo public, where they didn’t have a master key, well that’s a fact.
Lastly, the plausible reason for bitcoin is that NSA wants to know when SHA256 is broken, so then they’ll bump to SHA512; So bitcoin is just a lotto for nerds.
The reason why +90% of china owns bitcoin is that they make all the HW, and do all the mining, because up until recently they got free electricity.
China has made its bets in many ways, they hold USD, they hold BTC, … they don’t really care which it goes they’re covered.
BIS ( anglo-zio-nazism ) owns both CHINA & USA gov
Jack Ma owner of Alibaba, also own ANT, and Bitmain, which means he owns all of the BITCOIN infrastructure in the world, what’s most fascinating is he just stepped down as CEO of Taobao ( mother company ) to become CCP Tech Chairman ( essentially NSA China Boss ); Ma also produces all the AI image-id cameras in china, there are said to be 100’s of millions. After they mastered produce mining machines, they reconfigured the board’s & risc devices to do computer vision, now they can ID anybody and track all. USA wants this technology and intends to buy it from China.
…
Bolivia was just minor skirmish over Lithium between China & USA, prior to Morales USA had the rights, Bolivia has +70% of known world reserves. Lithium is strategic for all killer-robots, drones, and cell-phones. Much of the direction was just to cut off HUAWEI supply of lithium, because without battery’s there are no mobile-phones.
In USA Musk needs lithium for teslas, and Google needs lithium for their ATLAS killer-robot project, and super-dog’s ( giant robot mules), even US-MIL plans to use TESLA EV-JEEPS for future urban combat. Lithium is the only energy/kilogram lightweight batterys that work cheaply for high-tech war machines, think “Terminator”.
Anglo-Zio-Nazism is just about money, they’re plan all along is to destroy the USA, depopulate and then reset the USA for a future “ISRAEL”.
Bolivia is just about access to strategic materials, AZN doesn’t need to micro-manage, and the USA is desperate to secure material for future war, just like we see in SYRIA USA securing oil fields. China can find the Lithium from other sources, so its not the end of the world. Just another example of Trump showing his stuff.
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Lastly on BITCOIN, eventually there very well might be a super-crypto, but once Quantum-Computers become cheap, there will be no crypto-algo safe from theft.
Carol, I truly do not know where to start. Let’s just try and bring some facts to two of these misconceptions.
1. “Jack Ma owner of Alibaba, also own ANT, and Bitmain, which means he owns all of the BITCOIN infrastructure in the world, …”
That is of course incorrect. Jack Ma is into trade, etrade specifically. You just need to listen to his speeches that are quite fun to know that. Jack Ma in my view is doing the exact right thing, and that is moving the executive in the organization that he built with his own hands to those that he trained with his own hands and simply taking a higher profile. He knows there is a next generation.
Bitmain Technologies Limited is a privately-owned Chinese company, founded by Jihan Wu and Micree Zhan. Ant does not exist. Antminers do. Antpool is operated by Bitmain. Initially Bitmain developed ASIC chips, specifically for crypto currency mining, and soon went into full hardware after that. Now their chip section is doing much research into AI type computer chips. Jack Ma to my knowledge does not even have an interest here.
It is also necessary to define these days what Bitcoin you are talking about because they are not all the same and their are thousands of other cryptocurrencies, some just worthless and some like Ether really valuable. Bitcoin BTC itself may be leapfrogged by other contenders.
2. ….. once Quantum-Computers become cheap, there will be no crypto-algo safe from theft ….
I think people generally have a very wrong idea of how Quantum computers work. It is not a binary system that solves problems the way we know computers solve them now, in a linear fashion. People think because there is technology advantage on one side, all other sides will sit still and allow one to simply leapfrog the other. In terms of technology this is not the way it works. As our cryptography now uses binary process for solve, so there is a new science .. Quantum Cryptography.
Quantum computers have many many years to go before they become a household item, like our computers today (if that ever happens). You can go and play with one though – IBM has a basic model available somewhere on the net. Just go and search. Playing on that will convince anyone with a computer today that this is a horse of a completely different color and designed to do different things.
So, what does this all have to do with the fall of the Dollar. Of course, crypto currencies are easier and cheaper by orders of magnitude to ‘create’ than the current fiat currencies. We will as a larger society start working with cryptos as our daily currency – there are no ifs ands or buts about this. The US is lagging and also lagging tremendously in modern financial technical instruments. Where China is on the verge of announcing its Crypto, (As well as the BRICS) the US is still wondering how to spell it.
If the petro dollar ‘collapses’ and it will be less of a ‘collapse’ and more of a move to simply not using the currency externally, those dollars used in the rest of the world will want to come home. Depending on how the process is managed, it could be a bonanza for the US internally, although externally countries will not bite to dollar investments simply because trust will have collapsed. So, the dollar will be used internally in the US, but way too much debts and way too much onshored money will chase way too few goods and increasing inability of the middle-class to pay. It will be cheaper to float a crypto than to use the current fintech instruments in the US (Just about the only place in the world where they still write checks and send them by mail).
Let us also not forget what China does, which is to solve problems like a scarcity of Lithium with advancing technology. I would not be surprised if they leapfrog this lithium thing, with a completely asymmetric technology. They are not sitting on their thumbs.
Let us also not forget what the West is doing, which is to create energy austerity for everything and anything where they can reach under the guise of ‘save the earth’ and in this way, muddling a whole lot of people who then walk about spouting slogans of sure and certain Armageddon.
Where Putin has taken aim to not using the Dollar (and he has announced it now a few times) because it was weaponized, so is the rest of the world. The US is going to end up with a pisswiddly internal currency, which nobody trusts and also fully consumed by debt. People can figure out what this would mean. I would suggest going to listen to Michael Hudson and Prof. Richard Wolff and Catherine Austin Fitts with her talk about the US federal budget having gone dark. That will be the end of capitalism and its more toxic derivatives, I would think.
Never will the world again allow a currency to suppress their freedom at the barrel of a gun, or at the expense of their own economy in their own countries.
Exellent post on bitcoin. One part I have disagree with and that is your statement about the BIS. The BIS represents the ”old money world order” and not the ”anglo-zio-nazism” financial order as you suggest. Ofcourse because of their past they still have the stench of the nazism stuff but that was mostly because of the old money order in WW2 pov.
As I understand the BIS now (and stated publicly via, among instituitions like the world bank head and European central bank public statement) that they would like to see the world trade and financial flows being balanced and solve the Triffin dilemma and thus take a the tensions away that arise between nations and continents because or merchantalistic practises. In short, fiat is for spending, gold is for saving. Sadly China has prevented that from that vision coming into fruitition but hey, now they are starting to move into that direction.
The Chinese, and others, will just invent batteries that don’t require lithium. The Yanks can keep it and ingest it, in the water supply, for their social mass delusion disease aka Imperial Decay Traumatic Syndrome.
I wonder how much thought has been given to how utterly catastrophic the end of the dollar as the world’s reserve currency will be to the USA. What kind of inflation will be caused by the releasing of all of that currency that is held worldwide? I’m a mere layman but that seems to be the beginning of the worst economic crisis in history. Is it even really possible?
Notably, none of these countries will ever again rise to control the world, but they remain relevant in terms of economic and political capital based on descending order and period of time since their passing. I’m afraid the USA, based on its’ current political capital, is unlikely to remain relevant.
To put this into scope, the British Empire, in terms of size and economic reach far surpassed the USA on a per capita/land mass basis. Humans are still here.
In all previous transfers of power, the global population was vastly smaller. The ecology was intact and stable as during the Holocene. There were no thermo-nuclear bombs, no recombinant DNA bacteriological weapons, no billions of small arms, no depleted uranium weapons etc. And the ruling elites competing for dominance were not as psychotically Evil as those who control the USA, Israel and the rest of the West.
Hillary???!!! In your dreams, Arthur. But it would be hilarious, if only to see her superannuated and mummified feminazi groupies growing hysterical in anticipation, like Maenads at a bloodbath.
Dmitry Orlov and James Howard Kunstler have both offered their takes. I like Kunstler’s more because he pays special attention to the utter uselessness of suburbia in an era of declining oil supplies. Put simply, America can’t walk to save its life. Forget that the big box stores will have empty shelves; most of us wont’ be able to get to them and even if we had gas in our car, we used the last drop to drive thirty miles to a job that won’t be there much longer. Clusterf**k indeed.
The US dollar was always set up to collapse by the EU money changers who own the FED.
The FED was put in to grab America’s gold then run it into debt so it would collapse. Been the plan since at least 1913.
Read “decline of the west” by Oswald Sprengler ( 1918 ), he studied all cases of the collapse of paper money society’s in history ( ‘western mercantilism’ – aka Jewish Kleptocracy, today we call it anglo-zio-nazism ), it always end the same in civil-war, followed by starvation.
Just google Deagel-Report, Rockefeller foundation has planned on the population of USA by 2025 to be -80%, or drop from 320M to 80M, the old will die, and young will leave to find jobs.
All is/was planned. Nobody is going to destroy anything, just per Georgia-Guidestones, the USA population will be reduced because the New-Israel doesn’t need many people, especially with the advent of future robot slaves.
This website is like “JANES” they do weapons systems analysis, its target audience is world weapons purchasers, the site name is dedicated to Deagel, Rockefeller chief strategist from 1950’s, and father of the NWO plan.
Just how is this depopulation going to occur? Americans dont give up their life w/o a fight, they wont even give up their rights w/o a fight. What is plan B if the population actually grows by then? Why am I not seeing the logic or the mechanism here.
Well the civil war is already raging, its a political one and mostly hidden from sight.And we are the worlds bread basket so starvation is not going to get much worse than it already is, cup cakes, twinkies and a bottle of soda pop keeps them quite and active. We already have no health care unless you have plenty of money for treatment, all the rest go w/o or take their chances overseas and hope for the best.
The things you speak of are already present and accounted for and no one even hardly notices. Nope, it will take a much larger and severe wake up call to activate the mechanism of 80% depopulation. I doubt I could even scare 80% of the population into submission at this point.
Those books reveal the system limitations and what will follow when the system collapses and how the reset will unfold. Excellent system synthesis with no BS (political, ideological etc.) attached. I think that you Mr. Quigley’d find it very, very interesting.
I did not read the book you suggested but it is a fact that China invented paper money and that it collapsed a two (if I recall well) Chinese empires because of the causes we both know. It is told that when Marco Polo came back from his travels he brought Chinese paper money that horrified the European leaders he showed to it worked as well as gold and silver notes whom nearly instantly burnt it.
Because of the failures of humans whom controlled the printing press in China they decided to go back to silver money (easier money then gold btw) since that imposed controls on the issuing of currency and credit. It worked wonders untill the English empire could not pay for their Chinese imports in silver anymore. Faced with the question of not importing Chinese stuff anymore or start the opium wars, they decided on the latter and won big time. Decimating China and keeping all the goodies that China brought them basically.
Having a hard(ish) currency brings no good to a country what has an advesary that has a super soft currency was learned back then. Costed China the so called century of humiliation, actually closer to two since it prevented to do them what was needed at that time. So ironic, being prudent and so on is sometimes a liablity.
So again I reject your statement that this evil is brought because of the ‘western mercantilism’ – aka Jewish Kleptocracy, today we call it anglo-zio-nazism. This based on the facts I found. Ofcourse I agree with you that they are now milking and using the system to the max but that is another story.
With the collapse of US Dollar a mass exodus will occur and every immigrant will find that life is better back home than the hostile environment that would exist in the US. Millions of guns floating around without anyone to enforce the law would be a mess especially with the racial tensions that exist today which are kept in check only because people are paid to keep the order. I believe millions of blacks will call Africa home one day.
Many other things will add to it but this is mainly how US population collapse will occur.
I hear Russia is stockpiling gold? Here’s some interesting history with interesting quotes by those who watched it happen taken by the way from a book entitled The Day The Dollar Dies by Cantelon date of publish 1973:
In 1934, when legislation was passed prohibiting the American public from owning gold currency, the door was left wide open to foreign holders of American dollars to claim gold in exchange for their paper. but even before this international stage was set, Representative Louis T. McFadeen {R-Pa}, chairman of the Committee on Banking and Currency, made the statements on June 10 of 1932 which indicated America’s gold was already moving back to Europe. his statements were recorded in the congressional Record and pages 140-174 in H. S Kenan’s book entitled the Federal Reserve Bank. Representative speaks off those on the other side of the water with a strong banking “fence getting the currency of the Federal Reserve Banks-exchanging that currency for gold and transmitting the gold to foreign confederates. “McFadden named the dates on which America’s gold was shipped to Germany:
On April 27, 1932, 750 thousand in gold was sent to Germany. One week later another $300 thousand in gold was shipped to Germany the same way. In the middle of May of that year, 12 million in gold was shipped to Germany….Almost every week there was a shipment of gold to Germany-these shipments are not made for profit.
Representative McFadden referred also to the comments of Senator Elihu Root:
Long before we wake up from our dreams of prosperity through an inflated currency, our gold which could have kept us from catastrophe will have vanished, and no rate of interest will tempt it to return.
In his report to congress. Louis T. McFadden asked the question,
Why should out depositors and our governments be forced to finance the ammunition factories of Germany and Soviet Russia?
Representative McFadden continued,
Gold was taken from the entrusting American people and was sent to Europe. In the past several months $1,300,000,000 in gold has been sent to Europe-every dollar of that gold once belonged to the people of the United States and was unlawfully taken from them.
As I weiged the words of Louis McFadden and other lawmakers, I also witnessed the fantastic scene of America’s vanishing gold. The record was unbelievable:
On and on the gold drain went, unabated. then came the crisis in the spring of 1968. We were living in eurpoe at that particular time. On March 14, hysterical crowds of people, screamed, and scrambled their waystothe windows of the banks of England, and to the bank windows of the sub-basements of Paris to exchange their paper for gold. On one single day, the crude and the cultured, the peer and the peasant, carried off 200 tons of the precious metal. they stored it in secret places of their homes and deposited it in various banks in strongboxes labeled with fictitious names.
On that day Senator Everett Dirksen in conversation with Secretary of the Treasury Fowler, William McChesney Martin, and a dozen other senators said,
We have reached the bottom of the barrel.
It seemed like only yesterday when I spoke on monetary matters when America had $26 billion in gold in her treasuries. by June of 1971, it had been reduced to 10.5 billion.
Inflation?
Why did the people of Europe and Britain crowd hysterically into their banks on March 14, 1968, to exchange $240 million in paper for 200 tones of gold?
they could not eat their gold. they could not wear it for clothes. It was too heavy to carry on the streets as a legal tender or medium of exchange. Why did they prefer to have the precious metal in place mof paper money?
the answer was clear. they were afraid that their paper would be cancelled with the stroke of a legislative pen. It would be as worthless as the German marks of 1933.
“Give us depression or problems, but not inflation, for it spells eventually certain death to any economy.”
Ludwig Erhard, Germany’s Minister of Finance at the close of World War 2
Much of those gold shipments to Germany in the 1930s was US investment in rearmament industries by Harriman which that had taken large equity in arising from the WW1 Versallies Treaty. Getting ready to make buck out of AH. To finance materials & equipment.
But the Fort Knox story of what happened to it is the one that should make people think.
Its probably in vaults in Switzerland.
You would have thought some of the genuine Republicans in the US would have been questioning what was happening to it.
Cada vez que dicen: ” El Dólar caerà pronto ” o frases similares a esta lo único que hacen, es que el Dólar se les ría y les diga socarronamente: ” Ya he escuchado eso en alguna parte y acá estoy, como siempre INDESTRUCTIBLE!!”.
There are some rather intelligent people who believed an economic catastrophe would have already occurred. It appears that those international bankers and financiers can control this racket at will. National and individual debt is already so astronomical that it is meaningless. It has to be defaulted on. I believe those who control this financial system intend to collapse it deliberately, at a time of their choosing. They are the same group that created and push this man-made, carbon-based climate emergency. The reason is the same one that they have to collapse the financial system. Control. Total control of all resources and all people. They intend to be able to dictate everything about our lives. Where we live. What we eat and how much. Where we work. Whether we have children. What medical care will be given and to whom etc.
Western countries are already well along in creating a police state, with ‘law enforcement’ armed with military weapons. When this all goes down we will find ourselves not in the care of benevolent masters, but slaves in a full-blown fascist state. What is going to result when people cannot afford to keep their homes running? No electricity, no running water, little to no food, no gas for the vehicle. It isn’t going to be a pretty picture. My greater fear is that in spite of this, the overseas interventions will not stop but become worse as they must impose the new rules-based order with it’s new financial system on the entire planet. I’m sure they already have their new ‘currency’ ready and waiting. Likely digital.
going back to the early 1970’s here is a quote which should make one stop and think. Originally published in the magazine American Way of an interview between the architect Michael Ben Eli and Buckminster Fuller. Fuller said:
“Sadly we see enormous numbers of stranded poverty stricken people while potential abundance is being deliberately curtailed by governments subservient to the landlords will.
Humanity is so accustomed to failure it still assumes failure to be normal, and does not realize that it has literally earned-and actually acquired-the capability to take care of everyone on earth at a higher standard of living than ever heretofore experienced by anyone.
The really big fact is that we are going to have to go through a complete mental resorting of what it is all about. Then we are going to have to go about taking care of everybody not as on relief, but with the same spontaneous welcome and love accorded a new born baby.
Landlordism will no longer be able to extract a ransom. money to will become obsolete, with the ability to produce enough to take care of all.
The fact that we now have the capability to support all life and are not doing so means we have to introduce a new system. One that can make the world work.”
Capitalism is dead and dying and what will replace it? Socialism of course the kind that is currently being rolled out in China, the Social Credit System!
O what technology has provided the Dragon called Satan. Dostoevsky was right:
“Who can rule men if not he who holds their conscience and their bread in their hands ”
We have I am afraid arrived to what is written the book of Revelation. Prepare to be implanted in either your right hand or forehead in this super global welfare state which I would advise against given God’s injunction against it!!!!!!!!!!!!
Pay attention to the interview found here:
Luke 4:5-8 The final battle is about to unfold between the two!!!!!!!!!!!!!
The American Empire’s economic terrorism … sorry… I mean economic sanctions against those nations that stand in the way of its Rules-Based New World Order has been fundamentally enabled by US Dollar Imperialism, which allows the USA to weaponize the Dollar and inflict economic misery on a targeted nation.
Even nominally pro-American whores like Germany and France can see what the United Snakes is up to with its weaponization of the Dollar and are moving to escape America’s (Dollar) Dictatorship).
They’re also destroying the Empire with their own hands…. Putin spells it out very clearly what is happening with the dollar, but, only a 37 second clip. Is this part of a longer interview – panel discussion?
I believe that the Anglo Zionist Empire has begun its death throes. It will go the way of all Empire’s. Over reach and overstretched and trillions upon trillions spent in maintaining it.
Something has to give.
You have to wonder when you look at the charts like the one they show at ZeroHedge with a graph of the world’s reserve currencies and how long they last. About 100 years or so for each currency.
It seems in the bygone era, a country’s economy would mature, then a younger or successor nation would rise and take over reserve status.
But today, the Atlanticist Bankers have seem bent upon using Reserve status to assure destruction, not construction.
They are indeed forcing nations away from a ‘NWO’ to a (preferred) multilateral order. We can only hope this is successful, and that the world’s peoples are not forced into a single currency dominated by the Atlanticist Powers.
reserve currency lasts on average 45 years,
Problem with comparing USA is they reset the currency more often than that,
USA has bankrupted its debt 3x since 1776, by that I mean they defaulted on their t-bonds
last reset was when nixon went off gold, before that bretton-woods, before that in 1933, before that 1907, during civil-war us currency was reset, …
…
The thing is right-now USA reserve currency is still +60% of trade, these things take a long time to unwind.
USA has the MIL power, and is willing to use it,
Also bear in mind TRIFFINS-DILLEMA, which says that a reserve-currency, must un-employee and murder its own people, USA does just fine with this model, nobody else on earth including russia & china wants to be reserve-currency
In summary this is like a continuous ZH sky-is-falling article, PUTIN doesn’t really want the USA to go away, he just wants their monopoly of SWIFT and the payment systems to go away
…
NWO is zio-anglo-nazism, and they’re doing just fine, and will remain in power long after the USA is dead
I have heard of the the Triffin dilemma and as I understand it, it applies to the Bretton wood agreement as well as the petrol dollar. Is something like the Bancor or the SDR the beginnings of a world currency? Would that be the beginning of a supranational economic authority?
Triffin Dellemma applies to any & all reserve-currency’s in human history.
Even the classic “Rise & Fall of Western” two-vol german in 1920’s addressed how all paper money society’s for 2,000 years ended. ( Oswald Sprengler – read his stuff )
1.) A reserve currency must have a negative balance with traders
2.) Because of the negative balance, must import which means no jobs for res-cur currency nation
3.) un-employed will protest, thus gov must kill them
4.) sure gov can get free stuff for printing free money, but eventually 2nd/3rd world catches on and demands debt be paid in foreign currency, aka GOLD
5.) reserve currency declares war on its own people, civil war
Triffin’s Dilemma is just a dilemma because yes, it lets politicians get money for free, but eventually it kills the GOLDEN GOOSE
Summary, but CHINA & RUSSIA in the past have said, they don’t want to be reserve currency nations, and the USA loves to kill everybody and anybody, so its a classic fit.
If you truly want to understand the 2,000 history of ‘western mercantilism’ ( jewish kleptocracy ), then read all Sprengler volumes.
i like you handle!
and you seem knowledgeable i’ll dare ask your opinion.
what is the problem of having a currency have its production yearly adapted to the taxes claimed?
this strategy waa used with success by the last roman emperor before splitting east/west and recently in the 80’s to fix brasil currency.
Carrol, Gezzah, Toolman, Greifenberg
This is what I wrote on on the subject of reserve currencies and the Triffin Dilemma on 1st April 2018 when the Shanghai Oil futures Trading Platform opened…dated admittedly but perhaps still of some relevance…
The reign of ‘King Dollar’ as the unchallenged world reserve currency took a wee bit of a knock last week with the opening of the Shanghai oil futures trading platform. Days later China announced it will be paying for its oil imports with yuan rather than greenbacks.
This news is not just about the petrodollar but very much about reserve currency status as well. History tells us that global reserve currencies don’t last forever. The pound sterling looked to be invincible during the period of time ‘where the sun never set on the British Empire’…except it did.
Portugal had its run of 80 years from 1450, then Spain for 110 years, Holland 80 years, France 95 years, before Britain enjoyed the privilege for some 105 years.
The US dollar has been the official reserve currency since 1944 [74 years], but add to that the fact that it was commonly used in trade since the 1920s and that works out at more like 90 plus years as a major player…that is around about the historical average reign.
Recent events on the surface seem to be more about the demise of the petrodollar than anything else but given that annual oil trade is roughly $14 trillion and that the dollar is used in 99% of the trade, this is a very big deal not just for the petrodollar but in world reserve currency stakes as well.
My call… the US$ will be the last sovereign reserve currency to exist and these recent events are the writing on the wall for it to gradually lose its status.
Methinks the new system will be one where a number of currencies share a stake as a reserve currency, either by no organised system of control and based on market perceived individual merit, or by an organised system [by the IMF] like a basket of currencies and using SDRs [special drawing rights] which are an international monetary currency for use in international trade only.
Bring it on… with one country enjoying overwhelming dominance in reserve currency status it is apparent to me that it becomes a ticket to indulge in extremely bad behaviour…not the least of which enables the build-up ridiculous debt and to enjoy the seemingly endless ability to sell that debt.
If you can endlessly sell your debt there is the likely corollary that you will be more likely to be reckless in your spending behavior. Along the way, you might even decide that you really do need 1000 military bases around the world and that your ‘defense’ budget really should be equal to your next 8-10 ‘adversaries’ spends combined….sort of like the modern-day equivalent of the Roman Empire…brings to mind the term ‘overreach’ doesn’t it…how about disastrous overreach…that might be a more accurate description.
The other side of the coin is the ‘Triffin Dilemma’ where the incumbent country by definition runs continuous trade deficits which eventually reduce its currency’s use in international markets…ie supply would increase without a downward revision of the reserve currency. This is what is happening at the moment and in all fairness, it does make it difficult for US exporters to compete on the world market.
IMHO the sooner the greenback loses its reserve status the better it is likely to be for humanity and in the final [allbeit painful] analysis so too indeed for the US itself. The demise of the petrodollar should be welcomed and dare I say it, celebrated. You never know, with all of the above coming to pass, it might even lead to significantly less warfare.
These unfolding events are the proverbial horror of horrors for Warshington and the Deep State which to this day still calls most of the global shots [pun intended!]. You never know as a result of all of this there exists the faint glimmer of hope that peace might even break out. Now there’s a novel idea!
Cheers
Col
Your quite right Carrol. The sky rarely falls so quickly and many many people who pay attention to these things (both those working for and against the empire) see it coming many many years in advance. Many agains the empire have been predicting the fall of the currency for decades. No one knows how long it will last. But it won’t be in 2020 or 2021…so not soon. Putin likes to poke the bear who is too weak and too distracted to fight back. Good for him, but he is not a psychic just a masterful provacteur.
Screaming the sky is falling is hardly prognostic in this case, it’s just another way for lazy writers to get clicks.
Hello Homswaggler,
Your comment made me think of this part of Ernest Hemingway’s novel, The Sun Also Rises.
“How did you go bankrupt?” Bill asked.
“Two ways,” Mike said. “Gradually and then suddenly.”
Nations go bankrupt in the same way. Banking collapses occur in the same way. Currency crises strike in the same way. They all happen gradually… and then suddenly. Sometimes overnight. Just as happend with the USSR along a long list of other nations.
This saga (to get rid of the US $ did start around 4 decades ago. Ironically, if the current Russia and China did not play ball with the USA, the US$ would have collapsed years ago. Only recently they stopped playing that game.
Ps, to solve the triffin dilemma all you have to do is seperate the means what you use as currency and what you use as long(er) term savings. Institutional changes have already been made to facilitate that. It is now up the powers that be when to trigger it all. You dont want to get the blame for collapsing the current financial and thus military order.
Regards,
Hugo
I agree completely Hugo. Gradually and then suddenly it will be. It won’t a slow decline and degradation in my estimation before a full on collapse
@Hugo
“Ps, to solve the triffin dilemma all you have to do is seperate the means what you use as currency and what you use as long(er) term savings. ”
Here you have hit the nail on the head. It is best to think of 3 kinds of money as:
1) Currency which must hold it’s value for a few weeks between the
paycheck and paying the bills. This currency constantly circulates;
2) Ownership of something that holds value for a few years. This is your
intermediate savings for whatever – down payment for car or house,
money for college, savings for a rainy day, retirement, etc. Investment
of value must be somewhat liquid. Possible investments are savings
accounts, stocks, bonds.
3) Ownership of very long term wealth. To hold value for the long term,
i.e., to keep wealth for generations, land/property may be best. It is
something real and its ownership is guaranteed by the state
government, not some private bank. Raw wildlands not in the path of
development should not be bubbled up by bank credit. Buy your own
wilderness area and pass it on to your kids!
hello Carrol Quigley,
I think you confuse two things in your post. Reserve currencies do last around a century. A regular fiat currency tends to last for around 45 years.
I like to point out that reserve currency status can end nearly over night like it was with the Dutch reserve currency. This because the traders knew an invasion was about to happen so they janked their deposits. Since it was a fully backed currency it did not lead to a currency collapse.
We also did not have to kill our own people back then since we could sustain monopolies and oligopolies on many levels. In our discussion it ment, import enough ”raw” gold and silver and stamp it with the guilder symbol, and extract a huge amount of seniorage because of that. Ofcourse also backed with out famous navy.
The only thing giving value to the Dollar today is its usage. Something no military can enforce. IF the rest of the world can agree to switching to using something else as a means of payments the US empire will collapse like a house of cards in no time like the USSR. Something defenately in the interest of current Russia (and most of the non western rest of the world).
Regards,
Hugo
“The only thing giving value to the Dollar today is its usage.” AND US military might.
It’s different this time. The planet’s ecology is collapsing, so there will be no transfer of dominance, just chaos and horror.
Historically there was no such thing as “reserve currencies” in their current form prior to the current monetary system’s “reserve currencies”.
Reserves used to consist mostly of gold and silver, 1944’s Bretton Woods agreement expanded acceptable reserves to include the U.S. dollar and other currencies.
Hello Harry_Red,
Yes there were reserve currencies all the way back to when the Portugese started colonising South America. Untill quite recently we used ”raw” gold and silver and then ”stamped” the issuers currency logo on it. Earning tons in seniorage. Not that much difference to what we now do with paper and digits. A true waste of gold and silver ofcourse but that is another story. The only difference is that the creation of new currency was hampered because you can only create new (reserve) currency by sourcing new ”raw” gold and silver. Unlike paper and digits that can be created in infinite amounts like now. Since we are still on a petro dollar system, it is a tad different.
Recently mr Trump stated he secured the Syrian oil, just as the Iraqy oil was secured by the Bushes. Really think the oil policies are there to get the oil to the market (smile)? No, they are policies to keep the oil in the ground! This way the oil price gets high, creating huge demand for (petro) dollars and thus the USA can keep printing. Keeping the Dollar in high demand. That is now failing. See my earlier remarks on this topic.
Regards,
Hugo
The US Real Evil Empire will follow both Hitler’s Gotterdamerung type of exit, and the Zionazi Samson Option, by ‘taking the world down with us’, as the Zionazis have long promised to do. In fact, of course, our fate is already sealed, as they are beginning to understand in Austfailia as the climate disasters pile up. Sadly, many of the Dunning-Krugerite dead-heads, particular the fakestream presstitute liars, seem even to believe the denialist lies that these disasters are cyclical, and we will ‘return to normal’. In fact the disasters will grow worse and worse and unimaginably worse, over millennia.
No proof of that.
Only assertions by leftists wanting to use the issue to put on climate taxes that will not be used for climate matters but to pork barrel their own pockets.
But we do need to do a proper independent study and control toxic emissions.
The science was settled decades ago. Denialism at this late stage is truly pathetic, and all over a phony fear, peddled by the denialist industry, of taxes. You can’t eat money, you know.
You’ve got nothing but ad homimen words for your arguments. I think the folks on this forum are a bit too independent-minded to fall for it.
There’s no “science settled” about climate but only refuse to hear what thousands of climatologists around the world are saying about climate science.
There’s no concrete evidence at all that human produced CO2 has a significative impact in world weather changes.
To thousands of scientists around the world the sun’s activity and the oceans are the fundamental causes of the global weather changes and cycles.
Let’s HEAR THEM TOO!!
@Arthur
Agree, but the leftish have only learned soft values in school and are therefore only able to relate themselves to consensus science ie headlines in media and gossip majority.
Climate Exchange Public Liability Corporation was created by former director of Goldman Sachs Bank and US Vice President Albert Gore, a lawyer the future president of the United States, Barack Obama drafted the statutes, and opened offices in opened in Chicago, then London, Montreal, Tianjin and Sydney selling CO2 quotes.
As CO2 is only one out of many house gasses its obvious its influence can only be marginal, and in short, the fear of global warming allows a few powerful people, and they alone to get rich.
Gezzah Potts, I doubt it that the US will collapse like you are stating, if you believe that then you’d have to accept the same for China because their debt to GDP ratio is worse than the USA and the they have terrible demographics because of their ill-conceived one child policy (a sudden aging population with not enough young people to support them).
Somehow China will muddle through and manage their crisis caused by incompetent passed leaders and the same applies to the USA, they too will find a way to come through relatively OK and they’ll still be the most powerful of the multi polar powers.
China has used its debt to build a thriving society with the best infrastructure on Earth, and a massive scientific/technological superstructure. It also is building infrastructure around the world and trading with the world, an spends 10% of what the USA does on ‘defence’. Its economy, already the largest on Earth, since 2014 in PPP terms, is not financialised and parasitised like the USA. The USA is going down, primarily thanks to moral decay and self-delusion.
That decay needs to be addressed to save mankind.
Because the Chicom mentality isnt fantastic.
I’ll take a Chicom before an Exceptionalist, every day.
Wrong again mulga mumblebrain, if you go by purchasing power parity, then the chinese military budget is equivalent to 40-50% of the US defense budget, you can’t have it both ways: either stick to nominal GDP, then China’s GDP is much smaller than the USA’s and their defense spending is only 25% of the US Defense budget (not 10% like you claim) or you can use PPP GDP, then you have to accept the Chinese military budget is 1.11 trillion yuan which is $164Billion USD in nominal terms, by PPP terms that’s equivalent to $328Billion, which roughly half of the US defense budget.
Secondly, China having the largest GDP in terms of PPP is debatable, but even if true, it’s unimportant (see point the next paragraphs).
Thirdly, China is floating on massive debt, they don’t have the surplus capital capacity like the US (with their printing press and their still massive lead in technology), they still have 100s of millions of poor people to take care of and aren’t stupid enough to waste time to be the world’s white knight (reality check for the lazy cowards that want China to solve all of the world’s problems and cast China in an idealistic light that the chinese leadership themselves hate and despise (check their speeches) because they’re not stupid. It’s not their responsibility to do so: they are only responsible to chinese people, period.)
The chinese debt needs to be paid back eventually; are you aware of who the lenders are? No, obviously you don’t, because you wouldn’t be so cavalier with it; the Chinese debt is is owed to the common chinese saver, the poor and middleclass families that work so hard to salt away as much as they can into their savings.
In a country with a surfeit of information, a paucity of knowledge and a dearth of wisdom, discernment and true self interest were drowned by hysterical emotionalism years ago.
Euthanasia of the ruling elite would be a mercy and a relief for its people but that option is not on the table. Feckless indolence rules the day among the masses.
Looks like everyone is going down with the ship. Willy nilly
It is actually a good news. But I think, in my opinion, Putin should not confident to believe that the death of dollar means the weak sign of AngloZionist Empire (If I understand correctly). Because from my knowledge, AngloZionist Empire is the multiple tentacles that can grow its tentacle unlimited after one of its tentacle is cut. Even if the dollar is dead right now, the empire can find another currency is Bitcoin. I suggest we should consider this:
Bitcoin – Global Bankers scheme to ditch the Dollar? [N. Starikov]
https://www.youtube.com/watch?v=4F89zKhUu1s
JPMorgan Chase Moves to Be First Big U.S. Bank With Its Own Cryptocurrency
https://www.nytimes.com/2019/02/14/business/dealbook/jpmorgan-cryptocurrency-bitcoin.html
By the way, consider the fascist coup that happened in Bolivia from the last week, it is proof to prove that the AngloZionism Empire has ability to create backup plans unlimited.
Please correct me if I’m wrong.
Best Regards,
A Vietnamese Reader.
Satoshi’s bitcoin paper white (2009), was a 100% copy of the original BIS document from 1997 on crypto-currency
Bitcoin is based on two algo, SHA256, and ECDSA-256p1, sha is a hash, used to calculate bitcoin mining, and a one-way trap-door for encoding info, ECDSA is the elliptic-curve the key used to prove ownership of your bitcoin.
In summary, given that BIS is the father, and given the children of Bitcoin is NSA, it would really dumb to think anything else, than bitcoin is a CIA-NSA-BIS honeypot.
Also given SHA256 & ECDSA-256 are nsa, and nsa has never made an algo public, where they didn’t have a master key, well that’s a fact.
Lastly, the plausible reason for bitcoin is that NSA wants to know when SHA256 is broken, so then they’ll bump to SHA512; So bitcoin is just a lotto for nerds.
The reason why +90% of china owns bitcoin is that they make all the HW, and do all the mining, because up until recently they got free electricity.
China has made its bets in many ways, they hold USD, they hold BTC, … they don’t really care which it goes they’re covered.
BIS ( anglo-zio-nazism ) owns both CHINA & USA gov
Jack Ma owner of Alibaba, also own ANT, and Bitmain, which means he owns all of the BITCOIN infrastructure in the world, what’s most fascinating is he just stepped down as CEO of Taobao ( mother company ) to become CCP Tech Chairman ( essentially NSA China Boss ); Ma also produces all the AI image-id cameras in china, there are said to be 100’s of millions. After they mastered produce mining machines, they reconfigured the board’s & risc devices to do computer vision, now they can ID anybody and track all. USA wants this technology and intends to buy it from China.
…
Bolivia was just minor skirmish over Lithium between China & USA, prior to Morales USA had the rights, Bolivia has +70% of known world reserves. Lithium is strategic for all killer-robots, drones, and cell-phones. Much of the direction was just to cut off HUAWEI supply of lithium, because without battery’s there are no mobile-phones.
In USA Musk needs lithium for teslas, and Google needs lithium for their ATLAS killer-robot project, and super-dog’s ( giant robot mules), even US-MIL plans to use TESLA EV-JEEPS for future urban combat. Lithium is the only energy/kilogram lightweight batterys that work cheaply for high-tech war machines, think “Terminator”.
Anglo-Zio-Nazism is just about money, they’re plan all along is to destroy the USA, depopulate and then reset the USA for a future “ISRAEL”.
Bolivia is just about access to strategic materials, AZN doesn’t need to micro-manage, and the USA is desperate to secure material for future war, just like we see in SYRIA USA securing oil fields. China can find the Lithium from other sources, so its not the end of the world. Just another example of Trump showing his stuff.
…
Lastly on BITCOIN, eventually there very well might be a super-crypto, but once Quantum-Computers become cheap, there will be no crypto-algo safe from theft.
If you don’t HOLD it, you don’t own it.
Wow, I never know anything about this.
Thank you so much for your information!!!
Best Regards,
A Vietnamese Reader.
It is very refreshing to see someone here free of ideological and political bias, and even using synthesis. Good job, sir!
Carol, I truly do not know where to start. Let’s just try and bring some facts to two of these misconceptions.
1. “Jack Ma owner of Alibaba, also own ANT, and Bitmain, which means he owns all of the BITCOIN infrastructure in the world, …”
That is of course incorrect. Jack Ma is into trade, etrade specifically. You just need to listen to his speeches that are quite fun to know that. Jack Ma in my view is doing the exact right thing, and that is moving the executive in the organization that he built with his own hands to those that he trained with his own hands and simply taking a higher profile. He knows there is a next generation.
Bitmain Technologies Limited is a privately-owned Chinese company, founded by Jihan Wu and Micree Zhan. Ant does not exist. Antminers do. Antpool is operated by Bitmain. Initially Bitmain developed ASIC chips, specifically for crypto currency mining, and soon went into full hardware after that. Now their chip section is doing much research into AI type computer chips. Jack Ma to my knowledge does not even have an interest here.
It is also necessary to define these days what Bitcoin you are talking about because they are not all the same and their are thousands of other cryptocurrencies, some just worthless and some like Ether really valuable. Bitcoin BTC itself may be leapfrogged by other contenders.
2. ….. once Quantum-Computers become cheap, there will be no crypto-algo safe from theft ….
I think people generally have a very wrong idea of how Quantum computers work. It is not a binary system that solves problems the way we know computers solve them now, in a linear fashion. People think because there is technology advantage on one side, all other sides will sit still and allow one to simply leapfrog the other. In terms of technology this is not the way it works. As our cryptography now uses binary process for solve, so there is a new science .. Quantum Cryptography.
Quantum computers have many many years to go before they become a household item, like our computers today (if that ever happens). You can go and play with one though – IBM has a basic model available somewhere on the net. Just go and search. Playing on that will convince anyone with a computer today that this is a horse of a completely different color and designed to do different things.
So, what does this all have to do with the fall of the Dollar. Of course, crypto currencies are easier and cheaper by orders of magnitude to ‘create’ than the current fiat currencies. We will as a larger society start working with cryptos as our daily currency – there are no ifs ands or buts about this. The US is lagging and also lagging tremendously in modern financial technical instruments. Where China is on the verge of announcing its Crypto, (As well as the BRICS) the US is still wondering how to spell it.
If the petro dollar ‘collapses’ and it will be less of a ‘collapse’ and more of a move to simply not using the currency externally, those dollars used in the rest of the world will want to come home. Depending on how the process is managed, it could be a bonanza for the US internally, although externally countries will not bite to dollar investments simply because trust will have collapsed. So, the dollar will be used internally in the US, but way too much debts and way too much onshored money will chase way too few goods and increasing inability of the middle-class to pay. It will be cheaper to float a crypto than to use the current fintech instruments in the US (Just about the only place in the world where they still write checks and send them by mail).
Let us also not forget what China does, which is to solve problems like a scarcity of Lithium with advancing technology. I would not be surprised if they leapfrog this lithium thing, with a completely asymmetric technology. They are not sitting on their thumbs.
Let us also not forget what the West is doing, which is to create energy austerity for everything and anything where they can reach under the guise of ‘save the earth’ and in this way, muddling a whole lot of people who then walk about spouting slogans of sure and certain Armageddon.
Where Putin has taken aim to not using the Dollar (and he has announced it now a few times) because it was weaponized, so is the rest of the world. The US is going to end up with a pisswiddly internal currency, which nobody trusts and also fully consumed by debt. People can figure out what this would mean. I would suggest going to listen to Michael Hudson and Prof. Richard Wolff and Catherine Austin Fitts with her talk about the US federal budget having gone dark. That will be the end of capitalism and its more toxic derivatives, I would think.
Never will the world again allow a currency to suppress their freedom at the barrel of a gun, or at the expense of their own economy in their own countries.
Excellent. Such a precious comment!
Hello again Carrol Quigley,
Exellent post on bitcoin. One part I have disagree with and that is your statement about the BIS. The BIS represents the ”old money world order” and not the ”anglo-zio-nazism” financial order as you suggest. Ofcourse because of their past they still have the stench of the nazism stuff but that was mostly because of the old money order in WW2 pov.
As I understand the BIS now (and stated publicly via, among instituitions like the world bank head and European central bank public statement) that they would like to see the world trade and financial flows being balanced and solve the Triffin dilemma and thus take a the tensions away that arise between nations and continents because or merchantalistic practises. In short, fiat is for spending, gold is for saving. Sadly China has prevented that from that vision coming into fruitition but hey, now they are starting to move into that direction.
Regards,
Hugo
The Chinese, and others, will just invent batteries that don’t require lithium. The Yanks can keep it and ingest it, in the water supply, for their social mass delusion disease aka Imperial Decay Traumatic Syndrome.
And if you can’t see it, it’s not real money.
I wonder how much thought has been given to how utterly catastrophic the end of the dollar as the world’s reserve currency will be to the USA. What kind of inflation will be caused by the releasing of all of that currency that is held worldwide? I’m a mere layman but that seems to be the beginning of the worst economic crisis in history. Is it even really possible?
Other countries have survived, most recently the UK. Prior to the UK was France, Netherlands, Spain, and Portugal.
http://www.economicreason.com/usdollarcollapse/world-reserve-currencies-what-happened-during-previous-periods-of-transition/
Notably, none of these countries will ever again rise to control the world, but they remain relevant in terms of economic and political capital based on descending order and period of time since their passing. I’m afraid the USA, based on its’ current political capital, is unlikely to remain relevant.
To put this into scope, the British Empire, in terms of size and economic reach far surpassed the USA on a per capita/land mass basis. Humans are still here.
In all previous transfers of power, the global population was vastly smaller. The ecology was intact and stable as during the Holocene. There were no thermo-nuclear bombs, no recombinant DNA bacteriological weapons, no billions of small arms, no depleted uranium weapons etc. And the ruling elites competing for dominance were not as psychotically Evil as those who control the USA, Israel and the rest of the West.
Like Hillary.
Make a bet will you Mulga – if she tries to run again she’ll lose again.
Hillary???!!! In your dreams, Arthur. But it would be hilarious, if only to see her superannuated and mummified feminazi groupies growing hysterical in anticipation, like Maenads at a bloodbath.
Dmitry Orlov and James Howard Kunstler have both offered their takes. I like Kunstler’s more because he pays special attention to the utter uselessness of suburbia in an era of declining oil supplies. Put simply, America can’t walk to save its life. Forget that the big box stores will have empty shelves; most of us wont’ be able to get to them and even if we had gas in our car, we used the last drop to drive thirty miles to a job that won’t be there much longer. Clusterf**k indeed.
The US dollar was always set up to collapse by the EU money changers who own the FED.
The FED was put in to grab America’s gold then run it into debt so it would collapse. Been the plan since at least 1913.
It will never happen,Merica will prefer to destroy the Planet in a nuclear war iso.
Read “decline of the west” by Oswald Sprengler ( 1918 ), he studied all cases of the collapse of paper money society’s in history ( ‘western mercantilism’ – aka Jewish Kleptocracy, today we call it anglo-zio-nazism ), it always end the same in civil-war, followed by starvation.
Just google Deagel-Report, Rockefeller foundation has planned on the population of USA by 2025 to be -80%, or drop from 320M to 80M, the old will die, and young will leave to find jobs.
All is/was planned. Nobody is going to destroy anything, just per Georgia-Guidestones, the USA population will be reduced because the New-Israel doesn’t need many people, especially with the advent of future robot slaves.
http://www.deagel.com/country/forecast.aspx
This website is like “JANES” they do weapons systems analysis, its target audience is world weapons purchasers, the site name is dedicated to Deagel, Rockefeller chief strategist from 1950’s, and father of the NWO plan.
Just how is this depopulation going to occur? Americans dont give up their life w/o a fight, they wont even give up their rights w/o a fight. What is plan B if the population actually grows by then? Why am I not seeing the logic or the mechanism here.
Civil war and starvation and no health care would be the causes.
Well the civil war is already raging, its a political one and mostly hidden from sight.And we are the worlds bread basket so starvation is not going to get much worse than it already is, cup cakes, twinkies and a bottle of soda pop keeps them quite and active. We already have no health care unless you have plenty of money for treatment, all the rest go w/o or take their chances overseas and hope for the best.
The things you speak of are already present and accounted for and no one even hardly notices. Nope, it will take a much larger and severe wake up call to activate the mechanism of 80% depopulation. I doubt I could even scare 80% of the population into submission at this point.
Those books reveal the system limitations and what will follow when the system collapses and how the reset will unfold. Excellent system synthesis with no BS (political, ideological etc.) attached. I think that you Mr. Quigley’d find it very, very interesting.
Hello again Carrol Quigley,
I did not read the book you suggested but it is a fact that China invented paper money and that it collapsed a two (if I recall well) Chinese empires because of the causes we both know. It is told that when Marco Polo came back from his travels he brought Chinese paper money that horrified the European leaders he showed to it worked as well as gold and silver notes whom nearly instantly burnt it.
Because of the failures of humans whom controlled the printing press in China they decided to go back to silver money (easier money then gold btw) since that imposed controls on the issuing of currency and credit. It worked wonders untill the English empire could not pay for their Chinese imports in silver anymore. Faced with the question of not importing Chinese stuff anymore or start the opium wars, they decided on the latter and won big time. Decimating China and keeping all the goodies that China brought them basically.
Having a hard(ish) currency brings no good to a country what has an advesary that has a super soft currency was learned back then. Costed China the so called century of humiliation, actually closer to two since it prevented to do them what was needed at that time. So ironic, being prudent and so on is sometimes a liablity.
So again I reject your statement that this evil is brought because of the ‘western mercantilism’ – aka Jewish Kleptocracy, today we call it anglo-zio-nazism. This based on the facts I found. Ofcourse I agree with you that they are now milking and using the system to the max but that is another story.
Regards,
Hugo
With the collapse of US Dollar a mass exodus will occur and every immigrant will find that life is better back home than the hostile environment that would exist in the US. Millions of guns floating around without anyone to enforce the law would be a mess especially with the racial tensions that exist today which are kept in check only because people are paid to keep the order. I believe millions of blacks will call Africa home one day.
Many other things will add to it but this is mainly how US population collapse will occur.
I hear Russia is stockpiling gold? Here’s some interesting history with interesting quotes by those who watched it happen taken by the way from a book entitled The Day The Dollar Dies by Cantelon date of publish 1973:
In 1934, when legislation was passed prohibiting the American public from owning gold currency, the door was left wide open to foreign holders of American dollars to claim gold in exchange for their paper. but even before this international stage was set, Representative Louis T. McFadeen {R-Pa}, chairman of the Committee on Banking and Currency, made the statements on June 10 of 1932 which indicated America’s gold was already moving back to Europe. his statements were recorded in the congressional Record and pages 140-174 in H. S Kenan’s book entitled the Federal Reserve Bank. Representative speaks off those on the other side of the water with a strong banking “fence getting the currency of the Federal Reserve Banks-exchanging that currency for gold and transmitting the gold to foreign confederates. “McFadden named the dates on which America’s gold was shipped to Germany:
On April 27, 1932, 750 thousand in gold was sent to Germany. One week later another $300 thousand in gold was shipped to Germany the same way. In the middle of May of that year, 12 million in gold was shipped to Germany….Almost every week there was a shipment of gold to Germany-these shipments are not made for profit.
Representative McFadden referred also to the comments of Senator Elihu Root:
Long before we wake up from our dreams of prosperity through an inflated currency, our gold which could have kept us from catastrophe will have vanished, and no rate of interest will tempt it to return.
In his report to congress. Louis T. McFadden asked the question,
Why should out depositors and our governments be forced to finance the ammunition factories of Germany and Soviet Russia?
Representative McFadden continued,
Gold was taken from the entrusting American people and was sent to Europe. In the past several months $1,300,000,000 in gold has been sent to Europe-every dollar of that gold once belonged to the people of the United States and was unlawfully taken from them.
As I weiged the words of Louis McFadden and other lawmakers, I also witnessed the fantastic scene of America’s vanishing gold. The record was unbelievable:
1949 – $24,500,00,000
1958 – $21,593,000,000
1959 – $20 ,478,483,000
1960 – $19,420,997,000
1961 – $17,667,587,000
1962 – $15,997,647,000
1965 – $13,733,000,000
On and on the gold drain went, unabated. then came the crisis in the spring of 1968. We were living in eurpoe at that particular time. On March 14, hysterical crowds of people, screamed, and scrambled their waystothe windows of the banks of England, and to the bank windows of the sub-basements of Paris to exchange their paper for gold. On one single day, the crude and the cultured, the peer and the peasant, carried off 200 tons of the precious metal. they stored it in secret places of their homes and deposited it in various banks in strongboxes labeled with fictitious names.
On that day Senator Everett Dirksen in conversation with Secretary of the Treasury Fowler, William McChesney Martin, and a dozen other senators said,
We have reached the bottom of the barrel.
It seemed like only yesterday when I spoke on monetary matters when America had $26 billion in gold in her treasuries. by June of 1971, it had been reduced to 10.5 billion.
Inflation?
Why did the people of Europe and Britain crowd hysterically into their banks on March 14, 1968, to exchange $240 million in paper for 200 tones of gold?
they could not eat their gold. they could not wear it for clothes. It was too heavy to carry on the streets as a legal tender or medium of exchange. Why did they prefer to have the precious metal in place mof paper money?
the answer was clear. they were afraid that their paper would be cancelled with the stroke of a legislative pen. It would be as worthless as the German marks of 1933.
“Give us depression or problems, but not inflation, for it spells eventually certain death to any economy.”
Ludwig Erhard, Germany’s Minister of Finance at the close of World War 2
Russia is actually bleeding the gold the EU money changers ripped off from America – that’s the gripe.
As swap for EU payments for oil, gas etc….
Much of those gold shipments to Germany in the 1930s was US investment in rearmament industries by Harriman which that had taken large equity in arising from the WW1 Versallies Treaty. Getting ready to make buck out of AH. To finance materials & equipment.
But the Fort Knox story of what happened to it is the one that should make people think.
Its probably in vaults in Switzerland.
You would have thought some of the genuine Republicans in the US would have been questioning what was happening to it.
Cada vez que dicen: ” El Dólar caerà pronto ” o frases similares a esta lo único que hacen, es que el Dólar se les ría y les diga socarronamente: ” Ya he escuchado eso en alguna parte y acá estoy, como siempre INDESTRUCTIBLE!!”.
There are some rather intelligent people who believed an economic catastrophe would have already occurred. It appears that those international bankers and financiers can control this racket at will. National and individual debt is already so astronomical that it is meaningless. It has to be defaulted on. I believe those who control this financial system intend to collapse it deliberately, at a time of their choosing. They are the same group that created and push this man-made, carbon-based climate emergency. The reason is the same one that they have to collapse the financial system. Control. Total control of all resources and all people. They intend to be able to dictate everything about our lives. Where we live. What we eat and how much. Where we work. Whether we have children. What medical care will be given and to whom etc.
Western countries are already well along in creating a police state, with ‘law enforcement’ armed with military weapons. When this all goes down we will find ourselves not in the care of benevolent masters, but slaves in a full-blown fascist state. What is going to result when people cannot afford to keep their homes running? No electricity, no running water, little to no food, no gas for the vehicle. It isn’t going to be a pretty picture. My greater fear is that in spite of this, the overseas interventions will not stop but become worse as they must impose the new rules-based order with it’s new financial system on the entire planet. I’m sure they already have their new ‘currency’ ready and waiting. Likely digital.
Astute observation by Vladimir.
But what is the alternative currency – surely not the sick Euro ?
Does anyone know where the entire session can be found with English subs? I cant find any thing on YouTube.
going back to the early 1970’s here is a quote which should make one stop and think. Originally published in the magazine American Way of an interview between the architect Michael Ben Eli and Buckminster Fuller. Fuller said:
“Sadly we see enormous numbers of stranded poverty stricken people while potential abundance is being deliberately curtailed by governments subservient to the landlords will.
Humanity is so accustomed to failure it still assumes failure to be normal, and does not realize that it has literally earned-and actually acquired-the capability to take care of everyone on earth at a higher standard of living than ever heretofore experienced by anyone.
The really big fact is that we are going to have to go through a complete mental resorting of what it is all about. Then we are going to have to go about taking care of everybody not as on relief, but with the same spontaneous welcome and love accorded a new born baby.
Landlordism will no longer be able to extract a ransom. money to will become obsolete, with the ability to produce enough to take care of all.
The fact that we now have the capability to support all life and are not doing so means we have to introduce a new system. One that can make the world work.”
Capitalism is dead and dying and what will replace it? Socialism of course the kind that is currently being rolled out in China, the Social Credit System!
O what technology has provided the Dragon called Satan. Dostoevsky was right:
“Who can rule men if not he who holds their conscience and their bread in their hands ”
We have I am afraid arrived to what is written the book of Revelation. Prepare to be implanted in either your right hand or forehead in this super global welfare state which I would advise against given God’s injunction against it!!!!!!!!!!!!
Pay attention to the interview found here:
Luke 4:5-8 The final battle is about to unfold between the two!!!!!!!!!!!!!
The American Empire’s economic terrorism … sorry… I mean economic sanctions against those nations that stand in the way of its Rules-Based New World Order has been fundamentally enabled by US Dollar Imperialism, which allows the USA to weaponize the Dollar and inflict economic misery on a targeted nation.
Even nominally pro-American whores like Germany and France can see what the United Snakes is up to with its weaponization of the Dollar and are moving to escape America’s (Dollar) Dictatorship).
Europe’s Dream: Escaping the Dictatorship of the Dollar
https://foreignpolicy.com/2019/06/14/europes-dream-escaping-the-dictatorship-of-the-dollar/
Dollar dictatorship the foundation of American empire – Iran’s Ahmadinejad
https://www.rt.com/business/435310-dollar-us-empire-reorder-ahmadinejad/
Gold Likely To Soon Be Lifted By Rising De-Dollarization Surge
https://seekingalpha.com/article/4270445-gold-likely-soon-lifted-rising-de-dollarization-surge
Putin & EU/US need to sort out these monetary issues and trade flow disputes with some type of spectacular deal.