MORE ON THE DUMPING OF THE DOLLAR

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World Begins Effort To Collapse US Dollar As Brazil Begins Nuclear Production And Ejects UN Inspectors

By: Sorcha Faal, and as reported to her Russian Subscribers

Our World has taken an ominous turn these past few weeks as many of the World’s Major Powers, and in an effort to forestall further advances of United States Military Forces in their quest for complete Global Domination, have begun their long anticipated attack upon the American Dollar in the hopes that by collapsing the American economy the Military Leaders of the United States will be no longer able to finance their horrific ambitions.

Not known to the American people themselves is that oil and gas traded on the International Markets must be in US Dollars as prescribed by various International Treaties and Agreements reaching back in our history to last century, but which now Russia has joined other nations in rebelling against, and as we can read as reported by Russia’s RIA Novosti News Service in their article titled “Putin proposes creation of ruble-denominated oil, gas exchange“, and which says:

“President Vladimir Putin said Wednesday that a ruble-denominated oil and natural gas stock exchange should be set up in Russia. Speaking before both chambers of parliament, cabinet members, and reporters, Putin said: “The ruble must become a more widespread means of international transactions. To this end, we need to open a stock exchange in Russia to trade in oil, gas, and other goods to be paid for with rubles.” “Our goods are traded on global markets. Why are not they traded in Russia?” Putin said.”

President Putin’s statements reflect those of other nations in the world held hostage to American Dollars, and hence their debt, for the purchasing of oil and gas in the International Marketplace, and of which Iran is currently experiencing the full wrath of the United States because of their, Iran’s, intention to begin the purchase of their vast oil stores in Euros, and as we can see evidenced as reported by Canada’s Globe and Mail News Service in their article titled “Iran wants oil market in Euros“, and which says:

“Iran took a step on Friday toward establishing an oil market denominated in euros, a plan analysts described as highly unlikely to materialize but which in theory could have serious consequences for the U.S. economy. Iranian state-run television said the country’s oil ministry granted a license for the euro-denominated market, an idea first floated back in 2004, though just who would trade on it remains unclear.

Oil is currently denominated in dollars around the globe, whether through direct sales between producers and consumers or in trades made on markets in New York and London. But if one day the world’s largest oil producers allowed, or worse demanded, euros for their barrels, “it would be the financial equivalent of a nuclear strike,” said A.G. Edwards commodities analyst Bill O’Grady.”

To the accuracy of this Canadian statement that a switch on the International Markets from oil and gas paid for in Euros instead of American Dollars would indeed be the ‘equivalent of a nuclear strike’ against the United States is well known by the entire World, with the one exception of the American people themselves, and who likewise are unaware that the crushing burden of the largest Asian economies requirement to hold US Dollars for oil and gas payments has increase their foreign reserves to dangerous levels, and as we can see evidenced from these reports:

As reported by India’s Sify News Service in their article titled “China surpasses Japan in forex holdings“, and which says, “China has overtaken Japan to become the world’s largest foreign exchange holder as its forex reserves reached a record $818.9 billion by the end of 2005.”

As reported by China’s People Online News Service in their article titled “Japan’s foreign reserves set new record“, and which says, “Japan’s foreign exchange reserves totaled 860.24 billion U.S. dollars at the end of April, up 8.21 billion dollars from a month earlier and hitting new record high, Kyodo News reported on Wednesday.”

To such dangers for both China and Japan, and both of whom are oil and gas dependent nations, have the Global imbalance of accumulating US Dollars for energy alone become that even though they are enemies the calls for a single Asian Currency to battle against the US Dollar are ringing louder, and as we can read as reported by the Stratfor Strategic News Service in their report titled “Asia: Research On A Common Currency“, and which says:

“Finance ministers Jin Renqing of China, Sadakazu Tanigaki of Japan and Han Duck Soo of South Korea agreed May 4 to work toward a unified Asian currency. The governments agreed to set up a research team to explore the introduction of the currency by the end of 2006. Finance ministers said high oil prices and rising interest rates may threaten economies in the region.”

The consequences for the United States Dollar and its Economy by the moves of both China and Japan will also be horrific to the average American citizens themselves, and as we can read as reported by the Bloomberg News Service in their article titled “Asia Is Getting Ready to Dump the Dollar Peg“, and which says:

“Li Yong, China’s vice minister for finance, said he had heard a “rumor” that the U.S. dollar was headed for a 25 percent drop. If the gossip was true, the consequences would be “shocking,” he said. Li’s comment, which he made at a discussion on global financial imbalances last week at the annual meeting of the Asian Development Bank in the Indian city of Hyderabad, was aimed directly at fellow panelist Tim Adams, the U.S. Treasury undersecretary of international affairs.

The unspoken message was: “Don’t try to talk the dollar down.” And Adams knew better than to ask, “Well, what are you going to do about it?” The answer to that question has already begun taking shape: Asia may be getting ready to fix its currencies to a local anchor, dumping the region’s unofficial dollar peg. Even as they continue to pile up U.S. debt in their foreign- exchange reserves to keep their currencies stable against the dollar, Asian nations, China among them, are preparing for a scenario where the dollar does indeed collapse under the weight of a record U.S. current account deficit.”

The effects of the United States long term agenda against its people, and in what is commonly referred to as the “Dumbing Down Of America”, is in clear evidence today as many Americans are celebrating the rise of Gold prices, and to records not seen in over 25 years, without even realizing that this rise is at the expense of their own US Dollar and Economy.

But to the greater insanity of the American people it can be seen in today’s poll that shows their average citizens reaction to the continued War Propaganda being fed them continuously by their Military Leaders and Media Organs, and as we can read as reported by the Fox News Service in their article titled “FOX News Poll: Do Not Trust Iran“, and which says:

“The latest FOX News poll finds that Americans think Iran cannot be trusted, and a majority thinks Iran either already poses a threat to the United States or that it will soon. The poll finds that an overwhelming 85 percent of Americans say they do not trust Iran to tell the truth about their nuclear technology program, including large majorities of Republicans (91 percent), independents (90 percent) and Democrats (78 percent). In addition, a majority of voters thinks Iran is a threat to the United States. A quarter of the public — 24 percent — sees Iran as a “clear and present danger,” and another 33 percent think it will be a threat in the near future.”

Not being told to these American people however is that their greatest danger of a nuclear armed nation lies not with Iran an ocean away, and with no way to deploy nuclear weapons against the United States, but rather lies at their very doorstep, and as we can read as reported by Britain’s InTheNews News Service in their article titled “Brazil joins nuclear elite“, and which says:

“Brazil has successfully enriched uranium for fuel use, according to a government minister. Brazilian officials said they had developed refinement technology 25 times more efficient than existing procedures in the US or France.

Scientists at the facility in Resende, just outside of Rio de Janeiro, opened a new centrifuge on Friday. Speculation has intensified about the nuclear capacity of South America’s largest country two years after Brazilian officials refused to allow UN inspectors access to certain parts of the facility, claiming they wanted to protect domestic technology.”

The comic irony of the American people fearing Iran having nuclear weapons and not allowing UN inspections, while at the same time being entirely unknowing about the leftist nation of Brazils doing the exact same thing cannot be lost upon us.

But, it is not too the nuclear bomb programs of Brazil or Iran that matter in this new Great Game that is being played by the United States Military Leaders, it is rather the excuse being manipulated upon the uneducated and unsuspecting American people that are most important in these matters before us today.

For in the ignorance of the American people themselves lie the fate of the entire world, and like babies they sleep, caring not for anything other than their full stomachs and the lying songs of their wicked Military Leaders keeping them pacified as the World burns around them.

© May 11, 2006 EU and US all rights reserved.

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