One More Casualty Of The 9/11 Farce - The Petrodollar

It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe.

The 9/11 attacks were billed by the Bush Administration as a “wake-up call” for the U.S., and neocons called it the new Pearl Harbor. But instead of it being an awaking, the American public was led further into blind ignorance. The event launched wars throughout the Middle East, energized by a strike-first doctrine which was supposed to bring unprecedented “democracy” to the region. Instead, the Middle East has now become as unstable as it was during WWII.

The penchant for Western governments to fund and train terrorist groups is now verifiable mainstream fact rather than being considered “conspiracy theory” as was the common accusation back in 2001. Pentagon papers outlining support for the formation of ISIS are available for anyone to read. The only disconnect that the public still seems to suffer from is that orthodox Republicans fail to recognize that the support for Islamic terrorism has been just as prevalent under Republican presidents (al-Qaeda) as it has been under Barack Obama. And, Democrats refuse to recognize that Barack Obama has been guilty of all the same criminal foreign policies they used to protest under George W. Bush.

There have been substantial economic consequences as well. The Iraq War alone is estimated to have cost around $2 trillion, with billions more in veteran benefits forthcoming. These numbers, of course, stop accounting for costs after 2010, when the war was deemed officially “over.” Costs continue to this day as the U.S. maintains its military presence in the region along with thousands of private contractors we rarely ever hear about.

The U.S. official national debt in 2001 was around $6 trillion. Today, the national debt has grown to more than $19 trillion. This astonishing debt accumulation is only partially due to combat operations in the Middle East; however, one must also consider the amount of interest owed on debts accrued.

There have also been numerous socio-political consequences post-9/11, including an ever expanding police state mentality which is reaching critical mass. The inevitable outcome will be open totalitarianism in the name of security, and rebellion in response.

Clearly, after 15 years of disastrous policy, it is time to admit that the U.S. response to 9/11 has damaged us far more than the actual attacks ever could.

Many of us in the liberty movement have studied the circumstances surrounding 9/11 extensively, including evidence indicating either government complicity in the attacks, or outright participation. Such a discussion is beyond the scope of this particular article, but I highly recommend anyone skeptical of U.S. government involvement in 9/11 look into the scientific data collected by Architects and Engineers for 9/11 Truth and see if your assumptions are not rattled.

Interestingly, the 9/11 truth movement may be partially vindicated in the near term as debate rages over the release of redacted and classified documents tied to the original government led investigation into 9/11. The problem is, the release of these documents is just as calculated as the original cover-up.

The fact that the involvement of the Saudi Arabian government in the events of 9/11 has suddenly hit the mainstream media this year is probably not a coincidence.

As I outlined in my article “The global economic reset has begun,” the U.S. economy has been protected since the credit crisis of 2008 by three pillars, and each of these pillars is now being systematically demolished.

The first pillar was fiat stimulus and quantitative easing. This pillar was removed through the Federal Reserve’s taper program.

The second pillar was the use of near-zero interest rates to funnel cheap or free money through overnight loans to banks and corporations which they then used in a long cycle of stock buybacks. This pillar is now being removed through interest rate hikes by the Fed, and stock buybacks will be dead before 2016 is over.

The third and final pillar holding up the U.S. economy is the dollar’s world reserve status — the dominance of the dollar around the world as the primary currency used in international trade.

World reserve status allows America to maintain extreme levels of debt creation and protects us partially from fiat hyperinflation. Because so many dollars are needed by overseas governments and corporations for international trade, the Federal Reserve has been able to perpetuate massive stimulus programs without all the money created immediately burying the U.S. system as what happened in Wiemar, Germany. The problem is, if the dollar ever loses world reserve status, the unknown amounts of dollars created by the Fed and held overseas will come flooding back to destroy the illusion of our currency’s value.

The dollar’s world reserve status is highly dependent on the fact that it is the petrocurrency; the vast majority of oil purchases around the planet are made only in dollars. In fact, most oil producing nations will not sell their stock unless dollars are used.

The dollar has enjoyed this awesome advantage primarily because of the relationship between the U.S. government and Saudi Arabia.

For now, Saudi Arabia is still the largest holder of oil production market share in the world. This market share has been declining somewhat recently due to falling global demand and more specifically falling U.S. demand, which has led to more vicious competition from other producing nations, including Russia and Iran.

Falling U.S. demand by itself has perhaps led OPEC nations to question the continued validity of the dollar as the petrocurrency. In November of 2015, the Saudi government hinted at the possibility that they might depeg from the U.S. currency entirely. This act alone would essentially destroy the dollar’s petro-status. The conundrum facing the Saudis was increasingly low and unstable oil prices to which the petrodollar adds a level of uncertainty. Mainstream analysts argued that Saudi Arabia may be forced to choose – either cut production to increase prices, or end the dollar peg and stabilize prices, by switching to a basket of currencies instead (Special Drawing Rights, anyone?!).

Obviously, after the engineered absurdity at the Doha meeting this month, there is absolutely no chance in hell that Saudi Arabia will commit to any substantial cuts in oil production. In fact, the Saudis have just announced that they may expand oil fields in order to increase production to even greater historical levels.

So, oil prices are going to remain low for now, and will probably fall exponentially if a battle for market share between Iran, Russia and Saudi Arabia goes nuclear, as I have predicted. This would suggest that the Saudis will end the peg to the dollar within the next couple of years.

As I wrote in my article “Economic crisis goes mainstream; what happens next?,” an oil price panic could lead to conflict between Saudi Arabia and the U.S. and disrupt the petrodollar. And, this would precipitate the fall of the dollar’s world reserve status; meaning, the globalists would get exactly what they want — the death of dollar dominance and the rise of the SDR system under the IMF as a prelude to global currency and global economic governance. However, another catalyst from left field may be needed. A sort of black swan event… enter the 28-page “secret chapter” of the 9/11 congressional inquiry.

Supposedly, the documents are a bombshell linking the Saudi government directly to the 9/11 hijackers and exposing their aid to said terrorists. Despite Obama’s "peace offerings" to the Saudis, the White House is still said to be poised to release these documents to the public in the near term.

The Saudi’s have responded with extreme anger, and have openly threatened to dump their $750 billion in U.S. treasury holdings if the documents ever see the light of day. This would invariably end the Saudi peg to the dollar and thus end the dollar’s petrostatus, which would then expedite the end of the dollar’s world reserve status. It would be a catastrophe.

The set-up is perfect. The liberty movement gets some vindication that there was indeed a conspiracy surrounding 9/11, but the true scope of that conspiracy remains hidden as the Saudis take the brunt of the blame. The Saudis get an opportunity handed to them on a silver platter to kill the dollar peg, an action they have been planning for quite some time anyway. The U.S. government then becomes partly responsible (in the public eye) for opening the door to the destruction of the dollar, a process which the globalists at the International Monetary Fund (IMF) and the Federal Reserve have been planning for decades. Then the IMF can swoop in post-crisis with the SDR basket system to replace the dollar’s world reserve structure.

We then have immense global economic change triggered by nothing more than a 28-page document, but predicated on years of careful staging, planning and choreography. Once again, the globalists have conjured a theatrical circus which they may use to end the American economy as we know it.

We will have to wait and see if the 9/11 documents are released, and if the Saudis follow through with their threats. But consider this; who really benefits in the end in the wake of these developments?  Such a move would certainly only serve the interests of international elites in the long run.

 

 

 

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Comments (13)add comment
BanksterSlayer
Kudos to Brandon for piecing it all together
written by BanksterSlayer , April 27, 2016

Thank you, Brandon, for writing what I've been thinking. Ever since that 60 Minutes piece, I've been thinking, "oh come on, when did the MSM suddenly become a tool for Truth?!" NOT.

You're absolutely correct. By "going public" with the Saudi "exposure," 911 will now be "put to rest" in the eye of the Public and nobody will look any further.

And then all the other dominoes can begin falling. Saudi is ready for it; they made their deals with China a couple of years ago.

As I've been saying since New Years Day, "let's just get on with it."

#Reset

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2 cents
written by Seen2013 , April 28, 2016

Once the US Dollar loses its world's reserve currency status an estimated over 80% of GDP effectively ceases to exist without inflating the currency further triggering Hyperinflation or effectively defaulting on the debts incurred by the reckless policies. In either case, the US shouldn't be considered a superpower as it is leveraged by Saudi Arabia who also chairs OPEC last I looked. Should this dynamic ever change that pretty much spells the end of the US economy as it has existed largely since after World War II.
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clarkzkent
Your analysis is brilliant.
written by clarkzkent , April 29, 2016

The globalists Hegelian Dialectic pre-planning and strategy is amazing. Your analysis of their plan is brilliant.
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Europe's fate
written by Cheese 'n weed , April 30, 2016

Thank you for your insight, Brandon. I'm looking forward to it every week.

I have one request. The alt media focusses primarely on the downfall of the America that we now of today. I was wondering if could you dedicate a weekly entry on the possible fate(s) for the Europian Union? If you already did this plese refer me to previous articles.

Many thanks and regards from Holland

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Where do we go from here?
written by Edgar Friendly , May 01, 2016

So, with this information about the Saudi connection to 9/11 and the threat of possible dumping of the US as petro-dollar (which the Brics nations still consider ,also)
What can we do as a nation to survive economically...besides elect Trump?

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Brandon Smith
...
written by Brandon Smith , May 01, 2016

@Edgar

Well, first, no politician is going to do anything to stop the current implosion. Trump is not going to save us from an economic collapse, and frankly, I'm not so sure yet that he is not simply controlled opposition. We will have to wait and see how he behaves if he becomes president.

Second, google "Alt-Market" and "solutions" and you will find dozens of articles published here that explain step by step methods for protecting yourself and your community from a crisis. Ultimately, the responsibility for your survival and the survival of your ideals of freedom depends directly upon you.

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WW3 factor?
written by skipper , May 01, 2016

Thank you Brandon for an eye opening article.
I firmly believe that WW3 is upon us ,just waiting for the changing of the Guard before it goes full on hot.
Will this kick the can for awhile or how will it affect the depegging of the Saudis? I agree the expiration date on that relationship is up.
Thanks for your insight.

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Looking for Truth
written by Looking for Truth , May 02, 2016

As stated in the article you linked, your claim that the Saudis are threatening to dump their holdings if the 28 pages is released is not accurate. They are threatening to do so if a law is passed that would open them to lawsuits for supporting the attacks. This might seem like a minor detail, but it is a key part of your argument. What else is misrepresented?
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Baltic Dry Index
written by Goodrich , May 02, 2016

Any comments on the Baltic dry index being up 130% since February?
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WW3
written by wholy1 , May 03, 2016

What happen to the [D]elites WW3-exit-stage-left gambit?
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Brandon Smith
...
written by Brandon Smith , May 03, 2016

@Looking

The Congressional bill relies directly on the release of the 28 page classified document, and the Saudi's have indeed made threats if there is an attempt to tie "top Saudi officials" to the events of 9/11:

http://www.theweek.co.uk/72012/us-poised-to-publish-secret-file-on-saudi-arabia-and-911

There are no misrepresentations in the article, you have simply attempted to play semantics with the overall scenario. You should try thinking a little more critically rather than jumping to conclusions.

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Brandon Smith
...
written by Brandon Smith , May 03, 2016

@Wholy

Nothing happened to it, it is still an option. Just look at the recent proposed build up of troops by NATO on Russia's border....

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Brandon Smith
...
written by Brandon Smith , May 03, 2016

@Goodrich

The BDI has been dragging along near historic lows for months. A jump of 130% does not mean much when considering how far it has fallen and for how long it has struggled, as well as the fact that the BDI is moving negative yet again.

Looking at the short term with the BDI is essentially pointless. The long term trend is the only thing that matters.

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