BLACK LISTED NEWS – “The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.” RON PAUL
2 thoughts on “End Of An Era: The Rise And Fall Of The Petro-Dollar System”
I wonder why the article begins with that nonsensical babble from the old ‘goldbug’ himself, Ron Paul. Gold has historically been regarded as a repository of value because of its relative scarcity, its color, and the fact that it doesn’t corrode or disintegrate. Unlike human life. Thus it has a perceived value which outlasts its owners. Jews have always been enormously attracted to it, and hoarded it, because they have always used it for the purposes of usury.
It was the same old ‘goldbug’ argument which the International Men o’ Mystery used at the turn of the last century to justify their central bankstering ponzi scheme. Money needed gold as collateral, they said, in order to have any ‘perceived’ value. Thus the ‘Federal Reserve Note’ was supposed to be redeemable in gold. By contrast, the famous ‘Greenback’ was backed by nothing more than the ‘full faith and credit’ of the United States. Nothing but ‘fiat money’, they shouted.
Of course, once they got control of the printing presses, they printed dollaroonies as if there were no tomorrows, gifting themselves and their co-religionists with large quantities of the stuff so as to do God’s work in getting control of all the key industries and instrumentalities in the Land of the Free. After they orchestrated the Crash of 29, by suddenly closing the spigots on the privately controlled money supply, they demanded that the plebs hand over whatever gold they had, to be redeemed by worthless paper money. The exact opposite of what the gold-based system promised. They then promptly devalued the Federal Reservationist Note.
Nixon merely cut the last strings tying the dollaroonie to gold as far as foreign redemption was concerned. No doubt under strict orders. From then on, the ‘Federal Reservistical Note’ really was just a piece of paper. Which it had always been in any case.
Fast forward to the collapse of 2008. Now who came to the rescue of the ‘too-big-to-fails’ once the shit hit the fan? You guessed it … the American people. Yep, the good old producer. The taxpayer. The pleb. The goy. That’s who backs the dollar and indeed any money system. Not gold. Not oil. Just … the ‘full faith and credit’ of the We the People after all.
I wonder why the article begins with that nonsensical babble from the old ‘goldbug’ himself, Ron Paul. Gold has historically been regarded as a repository of value because of its relative scarcity, its color, and the fact that it doesn’t corrode or disintegrate. Unlike human life. Thus it has a perceived value which outlasts its owners. Jews have always been enormously attracted to it, and hoarded it, because they have always used it for the purposes of usury.
It was the same old ‘goldbug’ argument which the International Men o’ Mystery used at the turn of the last century to justify their central bankstering ponzi scheme. Money needed gold as collateral, they said, in order to have any ‘perceived’ value. Thus the ‘Federal Reserve Note’ was supposed to be redeemable in gold. By contrast, the famous ‘Greenback’ was backed by nothing more than the ‘full faith and credit’ of the United States. Nothing but ‘fiat money’, they shouted.
Of course, once they got control of the printing presses, they printed dollaroonies as if there were no tomorrows, gifting themselves and their co-religionists with large quantities of the stuff so as to do God’s work in getting control of all the key industries and instrumentalities in the Land of the Free. After they orchestrated the Crash of 29, by suddenly closing the spigots on the privately controlled money supply, they demanded that the plebs hand over whatever gold they had, to be redeemed by worthless paper money. The exact opposite of what the gold-based system promised. They then promptly devalued the Federal Reservationist Note.
Nixon merely cut the last strings tying the dollaroonie to gold as far as foreign redemption was concerned. No doubt under strict orders. From then on, the ‘Federal Reservistical Note’ really was just a piece of paper. Which it had always been in any case.
Fast forward to the collapse of 2008. Now who came to the rescue of the ‘too-big-to-fails’ once the shit hit the fan? You guessed it … the American people. Yep, the good old producer. The taxpayer. The pleb. The goy. That’s who backs the dollar and indeed any money system. Not gold. Not oil. Just … the ‘full faith and credit’ of the We the People after all.
@ James Benn,
Perfectly said Sir.