RE: The Engineered Crash Of Capitalist USA

[Mrs. Sharon B. Hodge]

Billionaire Jim Rogers - Get out of US dollar and learn to speak Chinese

************************************************************************************
Are recessions just a transfer of money, are stock market crashes artificially created?
************************************************************************************

by Roland Michel Tremblay

http://www. informationliberation. com/?id=25756

I took three classes in Economics when I was younger in College. I realized then that it was just like mathematics: if you can easily learn everything by heart, you can get a perfect score of 100%. Yes, I excelled at Economics, and yet, I was the only one who stated out loud that none of it made any sense, that I could not understand how it could all work.
I think I was the only one still based in a world of reality and logic

How is capitalism to work, I asked my teacher? Why is there a recession every 10 years or so, and a big crash at least every century? What causes them? I never found a satisfying answer.
And today, I wonder, are recessions just a transfer of money from many poor and rich alike to the billionaires controlling the markets? Are these recessions and stock market crashes artificially created? Dear me, what a thought! This thought could annihilate the world as we know it

That would explain a lot, finally Economics could make sense.
None of the identified factors affecting the economy truly affect it, and all those elaborate equations and diagrams to explain how markets evolve, are false pretence and explain nothing

Those courses I took are way in the past, and today I know next to nothing about money matters Perhaps it is good that a layman should question what might be really going on, since, can we really trust Economists?

Most people in my class were puzzled indeed about what the world of Economics was all about, and never questioned anything. Forecasting the markets, is like predicting the weather, they often get it wrong. They get it wrong more often than usual, as if suddenly statistics and probabilities were not operating as they should be in those markets.
They don’t It seems all random, but is it really random?

As if somehow, pretty much everything is controlled at a distance, by governments first, then by powerful financial institutions, then by very powerful corporations and then by very rich men. Who could predict what any of them will do next, how powerful they truly are and how badly it will affect the markets? No one can reliably forecast anything, I thought. Especially when a small war between two unknown countries somewhere can affect the markets so much.
Who can predict wars? The ones planning and ordering wars, of course

It was not so long ago that I remember how expensive it was to send a shuttle into space, so expensive in fact, two billion dollars was simply something NASA could not spend just like that on a whim. This was how I actually understood what was really expensive and what was not. If you spent a billion dollars on anything, I thought, you are mad.
Twenty years later we are spending 100 billion dollars on a space station, we are spending 500 billion dollars and counting on a war in Iraq, as if none of it mattered Is it really worth it?

I understand about inflation and other financial mechanisms, and that a billion today is worth much less than a billion a few decades ago. However, I will not believe that spending a billion today is like spending a million less than 20 years ago. Something is wrong here, really wrong.
I am not a fool

Our salaries have not multiplied by any such factor in the last 20 years. Quite the contrary in fact, the standard of living keeps getting lower and we are getting poorer. Where once a man alone could support his entire family, now both the husband and wife are working like crazy and can barely make the ends meet. Moreover, they are being completely alienated at work under such pressures of today’s corporate structure designed to send us all into deep depression, if not driving us to suicide.
No one can think anymore, that much is certain

A quick calculation of what we are spending right now on just about everything, will show you that we are certainly spending at least two if not three billion dollars per American citizen! How is this possible? How can capitalism still work under those conditions?

Is this just adding to a huge debt somewhere, kept hidden as much as they can, and one day America will declare bankruptcy, like, next week? Is this what this big recession coming is all about? The one no one wishes to make quite official yet, when Economists have known for a quite a while that we are already there, and the worst is still to come?

In that case, you can see that I may feel justified in questioning if recessions are not actually artificially created, and if they don’t profit to someone How else would you explain that the American government one day decided to spend two to three billions for every single American alive, within two presidential mandates?

Is it not obvious then, that after that, the country will have to declare bankruptcy? Or certainly will take forever to get out of that next economic crash, and it won’t be pretty? The results could actually be as bad as if there was a civil war or a nuclear attack, it could easily be worse

And yes, I have read here and there that the American government is actually expecting a civil war over everything that has happened in Iraq, the consequences of 9/11 on the Constitution and the Bill of Rights, and also, because of the incoming crash

We might still be slow to react when we lose our Constitution and our Freedom, however, when you cannot find any work anywhere and that you are starving, after losing your home, suddenly you have a lot of time to think, to read about what actually happened and to act about such matters.
I have no doubt that this civil war will take place, and it might still have nothing to do with the fact that this country has become a dictatorship

If you need convincing on that point, read my article “Bush/Cheney "Dictator's and Psychopath's Checklists" Complete: Time for Impeachment”:

It is important here to mention that I am not talking about a few planes crashing in a few buildings, bringing worldwide chaos into the stock exchange markets, or a few people making a few millions or billions as a consequence.
I am talking about a much more devious long term plan of the whole capitalist system, which is sets at its core structure for everyone to fail and lose money

Unless of course you are a big player, that you know the secret rules of success and you are privy to information no one else is.
And if you are lucky, you might even help create chaos, working hand in hand with the government, to insure that you will make those billions you so desperately seek

I remember only one sentence from that teacher I had for three semesters in a row in Economics. He said it only once. Recessions are just a transfer of money from some people to others.
And whilst many are ruined, others becomes overnight billionaires

Not just George W. Bush and his colleagues at the White House and at the Pentagon, but just about all those who finance their political campaigns and PR machine, might well have thought of a way to insure that this recession will pay off so wonderfully, it is all worth destroying the country and the planet in the process.
And if it brings a crash in the financial markets worldwide, so be it, it is all worthwhile for their own financial interests and insatiable greed

Not only capitalism is flawed, the whole government structure is as well If you need more convincing on that point, read my article “Political parties must go in order to bring back democracy”:
http://www. crownedanarchist. com/destructivism. htm#politics

There is no need for me here to denounce what the Bush family and their friends have been doing for almost a century now, there are enough articles about that out there. It seems that even the mass media speaks about it at length, and yet no one reacts, no one is scandalized, no one is doing anything about it.
It is as if we have just accepted that is like that, and that there is nothing anyone can do but hope for the return of Jesus-Christ, who might once again rattle their golden cage

I’m only hoping some people will keep in mind and investigate further if perhaps recessions are artificially created, as a mean to insure that most investors will lose all their money every ten years or so, and if this money will go to larger fish in the financial markets.
As if this is so, and it is perhaps even already well known, we ought to make it quite clear to everyone, so they will stop investing for no good reason, since they will assuredly eventually lose their money

And at that point, you get to understand, and you can no longer bury your head in the sand, that capitalism does not work and never did. All it ever did was to make the extra rich people even richer. And whilst they depend on the investments of smaller players, who will perhaps enjoy for a few years a good return on their investment, they will definitely eventually lose it all.
So no one would in fact benefit from capitalism except a few rich people

If this is true, our crime against humanity, that we let happen because of our ignorance and lack of action, will be much more serious than we could ever have imagined.
This is not just killing one million Iraqis, or letting millions starve to death with this new worldwide famine, it will actually affect us all directly and leave us all in a hole

As it means that, this time around, this crash coming could be worse than the one in 1929, and frankly we might just not recover.
Add to this the environment disaster of global warming and a Third World War looming over our heads, and we will be lucky if humanity survives at all

If somehow we could identify clearly how it is happening, and prove it, no one will ever trust the financial markets again, and it could very well mean the end of capitalism, upon which everything we do is based on, even the health care system.
The legacy of the likes of the Bush family

I know now why every 10 or 12 years there is a recession. It takes about a decade for all the small investors to feel confident enough to invest all their money and their assets.
Then they are ready to give it all away, and a few people are ready to take it all over

I know now why there is a big crash every century.
It takes about a century to accumulate such wealth in the worldwide markets, without any suspicion, to make it worthwhile creating the crash that will make it possible to take over all the wealth of the planet in one single transaction

What will that go on to finance, I do not wish to know.
All I know is that even if you wanted to prevent such recessions and crashes, or alleviate how bad they are going to be, you couldn’t, no one could

Capitalism is designed to crash and transfer most of the money in the markets to a few hands.
Only Economists and your Financial Advisers appear to know nothing about it

Brace yourself, as planned, in a spectacular way, and for other reasons than stated, it is all about to crash
This article is an excerpt of the book Destructivism, The Path to Self-Destruction, written by Roland Michel Tremblay It is available online for free on his website, it also contains all his previous political articles:

http://www. crownedanarchist. com/destructivism. htm

***********************************************************************************
They manipulated the gold prices completely... and now just clamping down as gold and silver prices are crashing. A lot of people are going to jump off buildings, and just wait when fiscal year Sept 30 reveals the dollar is completely worthless... a massive panic will ensue when nobody can purchase anything. Riots violence killings will begin to run rampant, then a horrifying false flag event will take place and martial law will be imposed.
Bartering will be illegal, no gold silver trade for food water, everyone has to line up at FEMA lines and get tagged with RFID chips (a flu chip like STMicro RFID chip in case the disaster is a H5N1 H7N2 pandemic) and the cashless microchipped enslavement begins
***********************************************************************************

WHY IS WALL STREET FINANCIAL DISTRICT BECOMING A GIANT FORTRESS? THINK ABOUT IT PEOPLE

If this is not some crazy martial law preparation for a total Wall Street financial collapse which would be followed by deadly riots lootings killings and all out anarchy, I dont know what is! People better get prepared for the coming September 30th fiscal year meltdown - It will be uglier than you can imagine





FLASHBACK - NY Daily News - April 24th 2008 - Counter-terror cops t...


nypd's 'operation sentinel' to track everything - August 12, 2008 WCBS: The NYPD is working on a plan to track every single vehicle that enters Manhattan, The initiative, called "Operation Sentinel," is aimed at preventing terror attacks, With the use of cameras and radiation sensors, police plan to track anything and everything that enters the Big Apple


Aug13, 2008 - Fortress New York: New Security Measures Planned - total city lockdown

*****************************************************
NYC Holds Largest Ever Counterterror Exercise
*****************************************************

Multiple Law Enforcement Agencies Put Choke Hold On New York Harbor As Part Of 'Operation Sentinel'

Aug 15, 2008
WCBS
http://wcbstv. com/topstories/Counter. Terror. Exercise. 2. 796595....

NEW YORK (CBS) ― On Friday, the largest counterterrorism exercise in New York history took place

The NYPD and 10 other federal, state and local law enforcement agencies mounted a drill in New York Harbor to see if new high-tech equipment can detect terrorists with bombs on the high seas

Along with the U.
S Coast Guard, there were law enforcement units from Westchester, Perth Amboy and Union County, the New York City Fire Department and the NYPD

"The exercise is to find a reported nuclear device on a vessel coming into the harbor," NYPD Commissioner Ray Kelly said of the event

All told, 10 agencies and 17 vessels put a so-called choke hold on traffic coming into New York Harbor under the Verrazano Bridge If you attempted to sail or boat through the area, you were searched

"We're trying to further develop our concept of operations as a region in protecting the waterways and ports of NYC from any acts of terrorism," said Deputy Chief Joseph McKeever, the commanding officer of the counterterrorism division

Lots of boats were boarded and searched, and the NYPD also got to test its two $750,000 high-tech radiation tracking boats that have gear so top secret CBS 2 HD wasn't allowed to shoot pictures of some of it

They are the only two like it in the country and they can detect radiation even before they board the boat

When the NYPD "Tracs" boat pulled up the to "The Last Dollar," a recreation speed boat, cops knew from their top secret devices that they would find a radiation device on board

"It was a gamma-based source," McKeever said "It could be used in what we term a dirty bomb today"

Friday's exercise was part of the larger "Operation Sentinel," which puts a 50-mile buffer around New York City

The hope is that while working with cops in other jurisdictions, terrorists with bombs, whether on land or sea, will be stopped well before they reach New York City



Operation Sentinel: The High-Tech Police State Takes Shape – Global...



**************************************************************
City Would Photograph Every Vehicle Entering Manhattan
and Sniff Out Radioactivity
**************************************************************

New York Times
By AL BAKER
Published: August 11, 2008

The Police Department is working on a plan to track every vehicle that enters Manhattan to strengthen the city’s guard against a potential terror attack, the department’s chief spokesman said

The proposal — called Operation Sentinel — relies on integrating layers of technologies, some that are still being perfected It calls for photographing, and scanning the license plates of, cars and trucks at all bridges and tunnels and using sensors to detect the presence of radioactivity

Data on each vehicle — its time-stamped image, license plate imprint and radiological signature — would be sent to a command center in Lower Manhattan, where it would be indexed and stored for at least a month as part of a broad security plan that emphasizes protecting the city’s financial district, the spokesman, Paul J.
Browne, said If it were not linked to a suspicious vehicle or a law enforcement investigation, it would be eliminated, he said

“Our main objective would be to, through intelligence, find out about a plot before it ever got to a stage where a nuclear device or a dirty bomb was coming our way,” Mr.
Browne said “This provides for our defense after a plot has already been launched and a device is on its way”

The proposal is one element of a 36-page plan for security, mainly focused on the site of ground zero, that Police Commissioner Raymond W Kelly and his counterterrorism bureau commanders have shared with the director of the Port Authority of New York and New Jersey

For months, Mr.
Kelly and his command staff have been urging the creation of a London-style surveillance system for the financial district that relies on license plate readers, movable roadblocks and 3,000 public and private security cameras below Canal Street, all linked to a coordination center at 55 Broadway Known as the Lower Manhattan Security Initiative, the center is to open in September

At the same time, a federal Securing the Cities program is going forward: The police are creating links with law enforcement agencies within a 50-mile radius around the city That plan includes outfitting officers with radiation detectors to stop a nuclear or radiological threat as far from the target as possible

Operation Sentinel would combine strategies from the security initiative and Securing the Cities and use them at choke points into Manhattan

Read The Rest HERE


Machine Gun-Toting Officers To Patrol NYC Subway - M4 Carbine Rifles, MP5 Submachine Guns & Bomb Sniffing Dogs Part Of New "Torch Team" Anti-Terror Efforts - WCBS April 24, 2008

************************************************
NYC's Plan To Track Everything That Moves
************************************************

ChannelWeb
By Kevin McLaughlin

Aug 15, 2008

http://www. crn. com/security/210100235

New York City authorities are in the process of building a multi-layered security system that will allow police to keep tabs on every vehicle that enters the city using the latest imaging and radiation detection technologies But some security experts don't believe the project, believed to cost in excess of $120 million, will actually improve the Big Apple (NSDQ:AAPL)'s security posture
According to a report earlier this week in the New York Times, the project -- called Operation Sentinel -- will help protect lower Manhattan by capturing vehicle license plate numbers with photo and video cameras mounted on all city bridges and tunnels The system will also include radiation detectors aimed at preventing terrorists from being able to sneak nuclear materials -- or a radiological 'dirty bomb' -- into the city

"Our main objective would be to, through intelligence, find out about a plot before it ever got to a stage where a nuclear device or a dirty bomb was coming our way," Paul J.
Brown, New York City Police Department spokesperson, told the New York Times "This provides for our defense after a plot has already been launched and a device is on its way"

Operation Sentinel combines multiple security technologies into an integrated, IT-style anti-terrorism 'solution' that gathers data and feeds it back into a centralized command center for analysis But while the solutions-oriented approach has been effective for businesses, some security experts believe that Operation Sentinel is as much about psychology as it is about technology

Bruce Schneier, chief security technology officer of British Telecom, sees Operation Sentinel as an example of what he calls 'security theater', a term of his own creation that refers to measures authorities put in place to make the public feel safer, even though they don't really boost security

"Someone has thought up a movie plot in their head of bad guys driving trucks into New York City," Schneier said "While I'm sure there are some scenarios in which this makes sense, spending for security based on movie plots is only effective if you guess the plot correctly"

Steve Hunt, principal at Hunt Business Intelligence, an Evanston, Ill.
-based security research firm, said video cameras themselves are powerful deterrents, even when they're not turned on "The presence of a video camera, even if it's a fake one, is very often enough to change peoples' behavior," Hunt said

That's not to say that technology won't be critical to the success of Operation Sentinel Steady advancements in video capture technology have made license plate scanning possible, but camera placement must be perfect, and the task of analyzing images is fraught with challenges, according to security experts

One potential stumbling block has to do with transmission of video from cameras to the command center.
"The underlying network infrastructure will be susceptible to the same hiccups and shortcomings of any networking and storage architecture," said Hunt "The quality of license plate images is so easily degraded that complete accuracy is unlikely"

Operation Sentinel is similar to 'London's Ring Of Steel' security monitoring system, which was implemented in the early 1990s in response to a rash of IRA bombings, and uses curved roads to guide cars past closed circuit television checkpoints for monitoring purposes

But because European license plates are standardized in terms of width, height, and font, they're much easier to scan than U.
S plates, says Willem Ryan, product marketing manager at Vancouver-based surveillance systems vendor Extreme CCTV, a member of the Bosch Group

"In North America, license plate fonts and colors vary from state to state, and writing software that capable of accounting for these differences is very difficult The challenge is developing a powerful algorithm to account for the massive variety of plates," said Ryan

However, the technical challenges of Operation Sentinel pale in comparison to those of digging through the mountains of data that surveillance systems generate on a daily basis to find actual terrorists, according to Ken Phelan, CTO of Gotham Technology Partners, a solution provider based in Montvale, NJ

"I think the real issue with incident response is how much data you have to go through to find something interesting That analysis is going to be the key challenge," said Phelan


OPERATION TORCH April 25, 2008 - Militarized police armed with M4 carbine rifles and MP5 submachine guns are coming to the New York subways to save us from the terrorists - costs $151 million

**************************************************
NYPD's "Operation Sentinel" Will Photograph
Every Car Coming to Manhattan
**************************************************

Gothamist
August 12, 2008

The NYPD is serious about security in this post-9/11 world, and, amongst many elements in a proposal called "Operation Sentinel,"is the plan to photograph every single car coming into NYC.
The NY Times reports that the goal is to "strengthen the city’s guard against a potential terror attack" Vehicles would be photographed, license plates scanned, and checked for radioactivity

Cameras would be set up at bridges and tunnels. The NYPD says that if a vehicle does not appear suspicious (after running it through a databased), the information will be deleted.
Previously, the NYPD has mentioned its Lower Manhattan Security Initiative, which would ultimately have 3,000 cameras in place; now the NYPD has released details of how security would be tightened up around Ground Zero Those plans include a dozen guard booths, specific areas where tour buses can drop off and pick up passengers, and a bomb screening center for service and delivery trucks to the World Trade Center

There are some questions about whether this is too much.
A doorman told 1010 WINS, "There's a balance that needs to be had, and that needs to be constantly upheld How much safer is that really going to make us? We're getting closer and closer to a police state How much are civil liberties going to be encroached upon in the name of quote-on-quote security?"

http://gothamist. com/2008/08/12/nypds_operation_sentinel_will_phot...










part 2 of 3


part 3 of 3

*******************************************************************
U.
S mint suspends gold coin sales; futures price is a fiction
*******************************************************************

GATA - Gold Anti-Trust Action Committee
August 15, 2008

http://www. gata. org/node/6489

Dear Friend of GATA and Gold:

The US Mint has suspended sales of American Eagle gold coins and is refusing orders from dealers, two coin and bullion dealers confirmed Thursday

The mint's suspension of gold coin sales follows its tight rationing of sales of silver eagle coins, begun in May, when sales to the public were terminated and sales to the mint's 13 authorized dealers were tightly limited

Word of the mint's suspension of gold coin sales came from the American Precious Metals Exchange in Edmond, Oklahoma, (http://apmexdealer. blogspot. com/2008/08/news-alert-us-mint-suspen......) and from Centennial Precious Metals in Denver, Colorado

The suspension is overwhelming evidence that the futures contract price of gold on the commodities exchanges is substantially below the physical market price and that, indeed, the commodities exchanges are being used as GATA long has maintained -- as part of a massive scheme of manipulation of the precious metals, currency, and bond markets

Michael Kosares, proprietor of Centennial Precious Metals and host of its Internet bulletin board, the USAGold Forum (http://www. usagold. com/cpmforum/), explained Thursday:

"The US Mint buys direct from the refiners, and this suspension of gold eagle sales may be an indication that the supply line is already backing up, or that the mint expects that it will back up for the rest of the year. I wonder who would give up physical metal at these prices and under these circumstances except distressed sellers. The central banks are in a hunker-down mode as far as I can determine, and it's the mines that supply the refiners. So if the mint, which buys from the refiners, is having a difficult time locating metal, what does that tell you? I keep saying that we may get a surprising rubber-band effect later in the year when the pre-holiday/festival season kicks off in September/October. It may happen sooner. One of our indicators of approaching a bottom in gold is how many calls Centennial Precious Metals gets from our US-based Indian clientele. Here's a quote from my office's report to me at the end of the day today: 'Today was a good day. ... There must have been an Indian convention where someone was handing out USAGold business cards.
' That may give you a clue as to thinking in India proper and probably the rest of the Asian rim"

That is, through their agents the bullion banks the Western central banks, desperate to prop up a corrupt and totteringt financial system, have put gold so much on sale that even the US Mint can't find any now.
The price reported from the commodities markets is a fiction -- a scary one, perhaps, but a fiction no less

You can strike a blow at the market riggers who are defrauding the world -- just buy a little real metal.
The dealers listed at the bottom right of this dispatch will be glad to help you do it

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc

(I take the following report from Bloomberg with a grain of salt)


*****************************************************
Goldman cuts gold view on dollar, overvaluation
*****************************************************

Reuters
Thu Aug 14, 2008

http://www. reuters. com/article/hotStocksNews/idUSN143218062008081...

NEW YORK (Reuters) - Goldman Sachs slashed its forecast on gold prices on Thursday, citing overvalued bullion and expected strength of the dollar against major currencies

The US brokerage said it lowered its 3-month gold outlook to $745 an ounce from its previous view of $890 an ounce

"The US dollar has recently begun to show initial signs of strength as the fundamental picture for the dollar has improved substantially in recent weeks," Goldman told clients in a research note

Goldman said that according to its model, gold had overshot its fair value over the past few weeks and the metal is now trading near its price estimate

Goldman also cut its gold forecast to $810 from $905 on a 6-month basis, and to $740 from $810 on a 12-month basis

The dollar has recently soared against the euro -- which fell below $1.
48 to its weakest level since February

Meanwhile, the price of gold has tumbled in the past 30 days. It traded at $812 an ounce on Thursday, sharply below its recent high of $987.
75 set on July 15

A higher greenback makes dollar-denominated gold more expensive for investors holding other currencies.
Gold is also used as a hedge against the falling US dollar

Last Thursday, UBS investment Bank also cut its one-month gold forecast by 15 percent to $850 an ounce from $1,000 an ounce, citing improving risk appetite, stronger equities and a firmer dollar

Last November, Goldman told investors to sell gold in 2008 to take advantage of the falling prices as the dollar steadied, and it named the strategy as one of its top 10 tips for this year

(Reporting by Frank Tang; Editing by Christian Wiessner)


***********************************************************************
Gold Drops Below $800 an Ounce in Asia as Dollar Strengthens
***********************************************************************

Bloomberg News
By Dave McCombs

http://www. bloomberg. com/apps/news?pid=20601087&sid=aUvoAunrr...

Aug 15, 2008 (Bloomberg) -- Gold tumbled below $800 an ounce in Asian trading as the dollar headed for its longest winning streak in more than two years, reducing the appeal of the metal as an alternative investment to US assets

Oil, gold, copper and corn have plunged from records this year as the dollar strengthened and concern mounted that slower global economic growth will cut demand for raw materials.
Silver and platinum also tumbled today amid increasing expectations the Federal Reserve won't cut interest rates

....It's really a reshuffle of assets away from commodities, a sector rotation,'' Jon Nadler, a senior analyst at Kitco Minerals & Metals Inc. in Montreal, said in a telephone interview today. ....Investors see that the Fed is resolved to fight inflation by hiking rates,'' which may help push up the dollar, he said

Gold for immediate delivery fell as much as $17.15 to $789.47 an ounce, a 2.1 percent decline from yesterday in New York and the lowest since Dec. 17. The metal traded at $796.72 an ounce at 10:22 a.m.
in Tokyo

Immediate-delivery silver plunged 12.1 percent to $12.46 an ounce, the lowest since Sept. 14, before trading at $12.
98

Platinum for June delivery dropped 5.4 percent to 5,104 yen a gram ($1,445 an ounce) at 10:02 a.m.
local time on the Tokyo Commodity Exchange

The dollar climbed to a 5 1/2-month high versus the European single currency, heading for a fifth weekly gain, on speculation a drop in oil prices will support economic growth in the US, the world's largest consumer of the fuel

The dollar gained to $1.4762, the strongest since Feb. 21, before trading at $1.4773 as of 9:50 a.m. in Tokyo from $1.
4826 yesterday

To contact the reporter for this story: Dave McCombs in Tokyo at [e-mail]

OPEC nations wanted to drop the petro dollar peg for a long while now, spearheaded by OPEC members Iran and Venezuela (why we are attacking them, and why we destroyed Iraq) Now the very nation that helped US pegged the dollar as the international currency of petroleum is being told by the New World Order banking cartel IMF to drop the dollar

WHAT DO YOU THINK THAT WILL BRING TO YOUR DINNER TABLE!

Get ready to tighten your belts Americans, US dollar will be worth the paper you wipe your butts with, and prepare for the September 30 fiscal adjustments - you are all in SERIOUS danger of losing your pants if you have not prepared yourselves despite all the serious warnings





..
OPEC Considers Dropping Dollar - Nov 17, 2007


06/18/08 Iran president Ahmadinejad Says Skyrocketing Oil Prices Inflated And Deliberate - At a meeting of the Opec export countries in Isfahan on Tuesday, President Mahmoud Ahmadinejad declared that the record high prices for oil is fake and deliberate, that the oil market supplies are plentiful and blamed the weakening of the US dollar for the skyrocketing prices.The US and other consumers want producers to boost their output but Iran which is the fourth largest exporter in the world, More.. has said it sees no need and suggested that a bank of Opec members be created to act as a counterweight to US influence in the world


************************************************************************
Saudi Should Drop Dollar Peg If Gulf Currency Delayed, IMF Says
************************************************************************

By Matthew Brown

Aug. 12 (Bloomberg) -- Saudi Arabia should drop the riyal's peg to the dollar and consider ....alternative exchange rate regimes'' if inflation persists and the Gulf single currency is delayed, the International Monetary Fund said

For the moment, most IMF directors say the advantages of the peg outweigh the disadvantage of temporarily higher inflation, the IMF said in a report published on its Web site today.
Still, some recommended reviewing the peg immediately

Inflation in Saudi Arabia accelerated to above 10 percent in April, after averaging less than 1 percent between 2003 and 2007.
Saudi officials have repeatedly denied that the government plans to drop the riyal's peg to the dollar, insisting that the pick-up in inflation is largely caused by domestic factors, such as a housing shortage

....Directors observed that the peg of the riyal to the U.S. dollar has provided a credible anchor that has contributed to macroeconomic stability,'' the IMF said. ....If, however, inflation should persist and the Gulf Cooperation Council monetary union be delayed, they recommended to consider also alternative exchange rate regimes''

Kuwait, the only one of the six Gulf Cooperation Council, or GCC, states to have dropped its currency's peg to the dollar, said inflation accelerated to a record 11.4 percent in April, before slowing to 11.
1 percent in May

A 2010 deadline for the creation of a regional currency was thrown into doubt after Oman pulled out last year and Kuwait dropped its dollar peg.
A draft of the Monetary Union Agreement, which provides a legal framework for the currency, will be passed to finance ministers in Jeddah in September

Inflation is the ....main challenge'' to the Saudi authorities in the coming period, the IMF said

....In view of the limitations imposed on interest rate policy by the currency peg, fiscal restraint will be critical,'' it said

To contact the reporter on this story: Matthew Brown in Dubai at [e-mail]


The inevitable collapse of the dollar - MUST WATCH

..
George Green former banker July 2008 Warning - Get out of dollar NOW