A movement toward rebalancing global powers: Germans soon to free themselves ?

Image by Vlado / Wiki Commons *

Image by Vlado / freedigitalphotos.net *

”Germany is the economic cornerstone of the E.U. and Germany is “mad as hell at the U.S.” and not going to take U.S. enslavement much longer.” (1) Jack D. Douglas 

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US Dollar monetary crisis: Predicted by French General De Gaulle in 1965

Photo portrait of General Charles de Gaulle of the Free French Forces and first president of the Fifth Republic serving from 1959 to 1969 / Wikimedia *

“The US dollar is the world’s reserve currency. Everybody uses US dollars. Nobody knows exactly, but there is about 7 trillion dollars outside of the United States. So this has been a gigantic advantage for the Americans. They can get Sony’s, Mercedes, and everything imported – cocaine – everything imported in at essentially zero cost. They’re paying with dollars, they are printed up. So that’s coming to an end.”  – Doug Casey  (1)

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Iran – Are our Governments Playing with Fire ?

Image: ponsulak / FreeDigitalPhotos.net *

“The first oil in the Middle East was found in Iran in 1908 by the predecessor of BP.”

“In June 1953, the US Secret Service orchestrated a coup, known as Operation Ajax. It led to the creation of a national oil company, which promptly made a deal with the so-called Consortium, in which American companies took about half of what had been BP’s exclusive position.”

“Pressures are again mounting against Iran, which, like Libya, had decided to trade its oil in national currency rather than the dollar.” Continue reading

Picture of the week: Canadian Dollar purchasing power from 1971 to 2008


Supply Fold-Increase
Change in Unit Value (%) 1971-2008
Gold 1.8 310.4
CHF 3.8 -23.7
JPY 15.9 -25.4
USD 16.8 -81.1
CAD 15.4 -84.4
AUD 33.5 -88.2
GBP 12.6 -88.3

Mike Hewitt: “The United States is not alone in pursuing inflationary monetary policy Continue reading

Legalize Currency Competition : Ron Paul

Image: jscreationzs / FreeDigitalPhotos.net *

“In order to fund its military operations during the 1860s, the federal government for the first time in its history issued paper currency which was unbacked by any commodity and was to be accepted at face value as a legal tender.”

“For the past 40 years we have lived in a world in which the issuance of money is completely at the discretion of governments and central banks, and we are reaping the consequences. The fiat money standard has led from one financial crisis to another, as each attempt to inflate out of the previous bubble only sows the seeds for the next crash.”

“Historically, legal tender laws have been used by governments to force their citizens to accept debased and devalued currency.”  Ron Paul

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