The globalists are parasites in control of the central banks; they also control various other institutions including governments and businesses around the world. The central banks are the center of their power, it allows them to subvert population and steal money at will via debt issuance.
Since 1971 the USD has been a petro-dollar regime. An agreement was set up between the American government and Saudi Arabia OPEC where all oil would be traded in dollars only and the US would offer protection and make the desert rulers rich beyond imagination.
This agreement has been in place for 50 years. Monetary regimes only last 30 to 50 years on average before a "reset" is needed.
This generally involves deflating the currency and unwinding the debt etc. We are at the end of the current regime and are at this point now.
The petro dollar is dying and when it goes, it will have serious negative consequences for the US Dollar and power of the central banks.
In the early 70s, France called the US Dollar bluff. France did not believe the US was honoring the Bretton Woods agreement and was printing in excess of known reserves. France was correct and in response, Nixon ended the convertibility of dollars for gold. A dollar crisis ensued amd part of that was an inibilty to finance the war machine. The US left Vietnam with a disastrous exit.
Jump to present day. Janet Yellen has warned the US could default if the debt ceiling is not raised. But beyond that the banks do not trust each other's collateral as evidenced by the fed having to continuously backstop the overnight repo market with ever-increasing amounts. Even if the govt raises the debt limit it will not matter. The financial system is broken and the end result is the war machine cannot be financed. Hence the sloppy withdrawal from Afghanistan. Just as we saw in Saigon.
We are about to enter some very rough waters. Prepare yourselves.
This is a mortal threat to the globalists. So a new monetary regime must be introduced. Just like Henry Kissinger did in the 70s, a new agreement and plan was hatched. The pharma dollar will replace the petro dollar.
INSERT FROM MONTY:
From an article written 2020. The petrodollar is any U.S. dollar paid to oil-exporting countries in exchange for oil. The dollar is the preeminent global currency. As a result, all international transactions, including oil, are priced in dollars. Oil-exporting nations must receive dollars for their exports, not their own currency.
President Trump said:
“Bringing back the gold standard would be very hard to do—but boy, would it be wonderful. We’d have a standard on which to base our money.”
I will try and explain this as simply as possible because I have spent days trying to get my head around it. It started with the The Bretton Woods Agreement, which was negotiated in July 1944 to establish a new international monetary system. Under the Bretton Woods System, gold was the basis for the U.S. dollar and other currencies were pegged to the U.S. dollar’s value.
In a nutshell, the dollar was an equity based asset because it was tied to the price of gold and a country’s gold reserves. The strength of a currency would rise and fall, depending on the level of gold reserves.
The International Monetary Fund and the World Bank were both set up under the Bretton Woods Agreement.
According to Investopedia, The purpose of the IMF was to monitor exchange rates and identify nations that needed global monetary support. The World Bank, was established to manage funds available for providing assistance to countries devastated by World War II. In the twenty-first century, the IMF has 189 member countries and still continues to support global monetary cooperation. Tandemly, the World Bank helps to promote these efforts through its loans and grants to governments.
Countries started printing more money than could be covered by their gold reserves.
When Nixon abandoned the Gold Standard in 1971, America had fought a series of long and expensive wars – such as Korea and Vietnam. If the money in circulation had been called in there simply were not enough gold reserves to cover the dollars that had been printed.
It could be argued that this was a form of fraud – like writing IOU’s when you had no reasonable expectation of ever being able to pay on the IOU if someone called it in.
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So, instead of making the dollar a promise in expectation of gold, the American government guaranteed the dollar – they “bought the IOU “ and it became the property of the American federal government. Nixon explained it by saying that as long as Americans continued to buy American cars, American refrigerators and holidayed in America, their dollar would be worth the same. It was only going to be an issue if Americans failed to support American!
That led to the creation of the fiat ( of no value ) petrodollar system, where the U.S. and Saudi Arabia agreed to set oil prices in U.S. dollars. That meant any other country that purchased oil from the Saudi government would have to exchange its currency into U.S. dollars before completing the sale. That led the remaining OPEC countries to follow suit and price their oil in U.S. currency.
Venezuela dropped the petrodollar in 2017 and began pricing oil in euros and the yuan. Well, that went well, didn’t it?
Due to the collapse of economic activity as a result of the global impact of the Wuflu, aka Chinese Coffin Flu, much more oil is currently being produced than can be consumed as travel has been massively curtailed.
Can this virus cause the collapse of the fiat petrodollar? If so, how would this impact upon China, a major importer of oil? Probably quite favourably if we don’t change back to the Gold Standard. But if we do, then this could lead to a huge change in world economic terms.
In August 2019, China announced that it was almost ready to launch its fiat Yuan.
Can you imagine how their plans could be scuppered if America had returned to the gold Standard?
Oil would have to be bought with Gold reserves. So would Coal.
The Trump appointees to the American Federal Reserve were largely pro return to Gold.
China is the biggest importer of oil in the world…
So let us return to 2021 and how this will work:
Just like the petro dollar, the pharma dollar will require that central banks are in control with their new Central Bank Digital Currency (CBDC). Big pharma will be the new OPEC. To introduce this everyone needs a real identity QR code and this is why the vax pass is absolutely necessary for each person.
Furthermore, the pharma industry will only accept payment in CBDC, thus creating demand for the currency just like the USD petro dollar. Boosters that are required to unlock expiring passes will function just like oil that is bought in USD and then used (burned) in industry. This will be an ongoing process of world governments and people buying boosters and forced exchange into the new CBDC.
All of this will be run out of NYC which will be the new world capital. The UN is there which will function as the governing body, Pfizer is there which will make and control the injections, Google and tech are building huge new campuses there and will merge with the banks to roll out the CBDC globally.
Social credit, surveillance state, carbon score etc can all be attached to this. This is the plan.
What you can do to resist: Do not submit, do not get tested. Do not get injected. Refuse to wear masks. Leave stores and restaurants that require it. Spend your money elsewhere. If employment is threatened make them fire you IN WRITING.
Get a lawyer.
republished with permission from Saltydoggy from Patriots.win
further reading:
https://patriotrealm.com/index.php/1250-money-makes-the-world-go-around
https://patriotrealm.com/index.php/491-the-ride-of-the
https://patriotrealm.com/index.php/546-the-red-behind-the-green-that-wants-our-nations-gold
Footnote from Monty:
I saw this response to this post and include it for those interested. From poster chopblock.
“In pre-Covid times, the world economy was on the verge of another colossal meltdown... where “credit standards have been deteriorating” and “collateralized loan obligations (CLOs) have surged – reminiscent of the steep rise in collateralized debt obligations [CDOs] that amplified the subprime crisis [in 2008].” Simply stated, the belly of the financial industry is once again full of junk...
The downturn is officially inaugurated by a sudden spike in the repo rates (from 2% to 10.5%). ‘Repo’ is shorthand for ‘repurchase agreement’, a contract where investment funds lend money against collateral assets (normally Treasury securities)...
The Fed begins the emergency monetary programme, pumping hundreds of billions of dollars per week into Wall Street, effectively executing BlackRock’s “going direct” plan. (Unsurprisingly, in March 2020 the Fed will hire BlackRock to manage the bailout package in response to the ‘COVID-19 crisis’)...
In 2019, world economy was plagued by the same sickness that had caused the 2008 credit crunch. It was suffocating under an unsustainable mountain of debt. Many public companies could not generate enough profit to cover interest payments on their own debts and were staying afloat only by taking on new loans. ‘Zombie companies’ (with year-on-year low profitability, falling turnover, squeezed margins, limited cashflow, and highly leveraged balance sheet) were rising everywhere. The repo market meltdown of September 2019 must be placed within this fragile economic context...
The only way to defuse the contagion was by throwing as much liquidity as necessary into the system – like helicopters dropping thousands of gallons of water on a wildfire. Between September 2019 and March 2020, the Fed injected more than $9 trillion into the banking system, equivalent to more than 40% of US GDP.
The mainstream narrative should therefore be reversed: the stock market did not collapse (in March 2020) because lockdowns had to be imposed; rather, lockdowns had to be imposed because financial markets were collapsing. With lockdowns came the suspension of business transactions, which drained the demand for credit and stopped the contagion. In other words, restructuring the financial architecture through extraordinary monetary policy was contingent on the economy’s engine being turned off. Had the enormous mass of liquidity pumped into the financial sector reached transactions on the ground, a monetary tsunami with catastrophic consequences would have been unleashed.
As claimed by economist Ellen Brown, it was “another bailout”, but this time “under cover of a virus.” Similarly, John Titus and Catherine Austin Fitts noted that the Covid-19 “magic wand” allowed the Fed to execute BlackRock’s “going direct” plan, literally: it carried out an unprecedented purchase of government bonds, while, on an infinitesimally smaller scale, also issuing government backed ‘COVID loans’ to businesses. In brief, only an induced economic coma would provide the Fed with the room to defuse the time-bomb ticking away in the financial sector. Screened by mass-hysteria, the US central bank plugged the holes in the interbank lending market, dodging hyperinflation as well as the ‘Financial Stability Oversight Council’ (the federal agency for monitoring financial risk created after the 2008 collapse)...
The pandemic agenda was dictated, ultimately, by systemic implosion: the profitability downturn of a mode of production which rampant automation is making obsolete. For this immanent reason, capitalism is increasingly dependent on public debt, low wages, centralisation of wealth and power, a permanent state of emergency, and financial acrobatics.
If we ‘follow the money’, we will see that the economic blockade deviously attributed to Virus has achieved far from negligible results, not only in terms of social engineering, but also of financial predation. I will quickly highlight four of them.
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As anticipated, it has allowed the Fed to reorganise the financial sector by printing a continuous stream of billions of dollars out of thin air;
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It has accelerated the extinction of small and medium-sized companies, allowing major groups to monopolise trade flows;
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It has further depressed labour wages and facilitated significant capital savings through ‘smart working’ (which is particularly smart for those who implement it);
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It has enabled the growth of e-commerce, the explosion of Big Tech, and the proliferation of the pharma-dollar – which also includes the much disparaged plastic industry, now producing millions of new facemasks and gloves every week, many of which end up in the oceans (to the delight of the ‘green new dealers’).
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In 2020 alone, the wealth of the planet’s 2,200 or so billionaires grew by $1.9 trillion, an increase without historical precedent. All this thanks to a pathogen so lethal that, according to official data, only 99.8% of the infected survive (see here and here), most of them without experiencing any symptoms...
Given this context, the staging of the emergency pantomime succeeds through an unheard-of manipulation of public opinion. Every ‘public debate’ on the pandemic is shamelessly privatised, or rather monopolised by the religious belief in technical-scientific committees bankrolled by the financial elites. Every ‘free discussion’ is legitimised by adherence to pseudo-scientific protocols carefully purged from the socio-economic context: one ‘follows the science’ while pretending not to know that ‘science follows the money’...
All this fearmongering continues today, despite the easing of some measures. To understand why, we should return to the economic motif. As noted, several trillions of newly printed cash have been created with a few clicks of a mouse by central banks and injected into financial systems, where they have in great part remained. The aim of the printing-spree was to plug calamitous liquidity gaps. Most of this ‘magic-tree money’ is still frozen inside the shadow banking system, the stock exchanges, and various virtual currency schemes that are not meant to be used for spending and investment. Their function is solely to provide cheap loans for financial speculation. This is what Marx called ‘fictitious capital’, which continues to expand in an orbital loop that is now completely independent of economic cycles on the ground.
The bottom line is that all this cash cannot be allowed to flood the real economy, for the latter would overheat and trigger hyperinflation. And this is where Virus continues to come in handy. If it initially served to “insulate the real economy” (to quote again from the BIS paper), it now oversees its tentative reopening, characterized by submission to the vaccination dogma and chromatic methods of mass regimentation, which may soon include climate lockdowns. Remember how we were told that only vaccines would give us back our ‘freedom’? All too predictably, we now discover that the road to freedom is littered with ‘variants’, that is to say, iterations of Virus. Their purpose is to increase the ‘case count’ and therefore prolong those states of emergency that justify central banks’ production of virtual money aimed at monetizing debt and financing deficits. Rather than returning to normal interest rates, the elites opt to normalize the health emergency by feeding the contagion ghost...
However, any power aiming at totalisation is destined to fail, and this applies also to the high priests of the Covid religion and the institutional puppets they have mobilised to roll out the health emergency psyop. After all, power tends to delude itself about its omnipotence. Those sitting in the control room fail to realise the extent to which their dominance is uncertain. What they do not see is that their authority depends on a ‘higher mission’, to which they remain partly blind, namely the anonymous self-reproduction of the capitalist matrix. Today’s power lies with the profit-making machine whose only purpose is to continue its reckless journey, potentially leading to the premature extinction of Homo sapiens. The elites who have conned the world into Covid-obedience are the anthropomorphic manifestation of the capitalist automaton, whose invisibility is as cunning as that of Virus itself.
http://thephilosophicalsalon.com/a-self-fulfilling-prophecy-systemic-collapse-and-pandemic-simulation/
Links with supporting evidence:
Bloomberg: Digital currencies are almost here
Trojan horse to cashless society:
https://www.zerohedge.com/geopolitical/digital-health-passports-are-trojan-horse-cashless-society
And here:
https://threadreaderapp.com/thread/1419293260468690946.html
Proof:
WHO document with specification for global QR code system. Funding provided by Gates Foundation and Rockefeller Foundation
https://apps.who.int/iris/rest/bitstreams/1359417/retrieve
Illinois Launches Online ‘Vax Verify’ System
https://dph.illinois.gov/news/idph-launches-online-vax-verify-system
Homeland Security to ensure that any individual traveling on a flight that departs from or arrives to an airport inside the United States or a territory of the United States is fully vaccinated
https://www.congress.gov/bill/117th-congress/house-bill/4980?q=
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