UU8548 – “Be Careful What You Ask For” by Mnt Goat Part 2
What is the alternative at this point? Do we rob Peter (now the general public’s bank accounts) to pay Paul (the government) once again or do we cut spending to balance the budget (like they should have done decades ago)? This is of course only a short term solution.
What happens in the future and how many “bail-ins” will they need and have? How long will the citizens allow their hard earned money to be confiscated by the government to pay off debts caused by their irresponsible spending habits and mismanagement of public funds.
This panic stems from actions of countries around the world now circumventing the “petro” dollar and promoting trade with currency wars with china and Russia that is now rising to the number one with global currency swaps in conjunction with brics, mint, and next 11 countries and other nations.
By the way the currency of China is more closely alligned with an asset backed currency unlike the USD that is more of a fiat currency. This too is one reason the Chineese have kept thier currency value so low.
The world knows the USD has artificially increased in value over many decades now to be a player in the global currency and oil wars. Especially in the current value of it. Look at the sudden rise in the USD.
Just today the value listed at 90 cents…amazing ! There is absolutely no justification of new assets to back up this sudden rise of currency value unless the USA is in fact paying off the national debt in the background. Could the IQD have anything to do with it?
Let me explain something too that most do not understand. The USD does have already a real asset backed value, just not justified at the current market rate.
The country of USA still has valuable resources like oil, forest, gold, minerals and other natural resources. It still has the most robust economy in the world too.
Soon the USA will out produce even Iraq in shale oil production. I do not know about you but I am getting a little tired of all this talk about the crashing of the USD. I am hearing now even exchanges being done in other currencies and not to USD. Is this all fear based and who is creating this fear of the USD?
Is some entity intentionally trying to orchestrate a crash of the USD? Just remember this – “Oh what a web they weave when they practice to deceive”. Please research and don’t get caught up in all this hype and fear about the USA crashing. You are all much smarter than to go along with such nonsense.
Everything I have researched tells me the USD currency is predicted to make a very strong comeback after only slight adjustments coming up shortly.
The “petro” dollar is not dead and is not going to die anytime soon. Yes – some countries are moving more away from the USD as a median of exchange but they have been doing this slowly now for decades since the first Iraqi war and is nothing new. Remember what goes around comes around.
Iraq too has guarantees on the use of the USD for trade and oil sales for decades to come since. Its all in the new HCL legislation, there are provisions that force the use of the USD (or "petro" dollar) in the selling of oil globally.
Other middle eastern countries too are going to follow the same such as Turkey, Jordan, Saudi and Kuwait. Soon Syria and Iran will be added to the list. Just wait and remember this news letter and you heard it here first…lol….
These countries see the benefit of supporting the USA and its new policy for the middle east. They can see the property it can bring and are tired of this constant terrorism threat.
IMF Reforms 2010
I have talked about these IMF reforms of 2010 in many of my past news letters and the reluctance of the USA to sign on to them. Why won’t they? Other countries around the world now realize the IMF reforms are being delayed by the country that has the majority voting share (USA).
The USA does not want to lose its clout. But there are many, many good, much needed reforms that should be implemented too and its just not about the voting right changes.
On the other hand the brics, mint, 11 other developed countries no longer see any value or useful purpose of the IMF due to inequality and voting percentages. So the inaction of the USA in not accepting these much needed reforms and is literally killing the process. Major changes are on the horizon.
Going Back to a GOLD Standard
I have to say I am so surprised at the complete ignorance of some individuals on this topic and how they are spreading their lack of knowledge. The fact is the world will NEVER, EVER go back to a gold standard. Do you really even know what the gold standard is? Please research it first before you spread your rumors.
However the new economic reforms for currency and transparency do mandate asset backed currencies. Currencies can no longer be printed without justification of assets to back them up (fiat currencies).
It is the IMF who wants to hold the key to determining the inventory of assets for a nation. This is in the 2010 Reforms. There simply has to be one responsible gatekeeper. The USA does not like this gatekeeper since they no longer will be able to simply print money at will.
Gold is and should be a percentage of those assets. It can be in the bank or still in the ground.
This does not mean the assets have to be totally gold and formed in gold bullion stored at a Fort Knox as some comprehend. Get it? We see this now in the new gold backed treasury notes of the USD.
This does not mean they intend to back up all the notes in the future with gold. This is just rumor with no factual backing from the UST. There is not enough gold in the world to ever back up all the USD hard currency now in circulation around the world.
These new gold backed USD notes (or TRNs) are simply available to use for international trade between nations and give a level of transparency to the USD that is being demanded now by other nations.
They are not intended to be put in the hands of the everyday citizens for everyday commerce. There are no intentions to back all the USD notes in the future with gold. They are not expiring the contract with the
Federal Reserve either. It is not going away in anytime in the near future. Trust me on this one….lol…
Having regulated gold backed reserves will never happen since it was in part the cause of the great depression in the late 1920 30’s in the first place.
The debts of nations were so high at the crash that nations simply did not have enough gold backing their reserved to meet the timely demands to other nations.
With the large sums of cash being dumped in the already inflated markets in such a short period the entire system was doomed to come crashing down – and did when the demands to payout in gold (the international reserve at the time) where made so suddenly by so many.
Moving to the USD as the reserve currency and the currency for the international media (“petro” dollar) of exchange was done at that time to stabilize the world’s economy since the USA did have the most robust economy and was a secure nation ( in comparison to other nations).
Remember this was soon after WWI and at the tails of WWII. The great depression in Germany following WWI reparations has a lot to do with it too.
So to help resolve the crisis there were strict financial regulations put in place that helped rebuild the economy of the USA and assisted other nations.
These regulations have since been slowly eroded and this is said to be the main cause of much of the current financial mess we are now in. This really hit home during the Reagan administration when people demanded that government take a hands off approach.
Then soon experienced the saving and loan crisis better known as Black Monday. Again demand out paced the supply. Do you
remember this? For over 30 years since the depression driven regulations were enacted not one financial crisis occurred. Don't believe me? Do your research.
All these financial crisis after crisis started when the deregulating started with the appeal of these reforms. Again I say to you – be careful what you ask for …you just might get it….!
So these new IMF Financial Reforms are part of a solution once again to help resolve the unchecked free flow of cash between nations. Why does the USA not support it then?
Having gold backed currencies is not a sound practice no matter which way you look at it. Not just my opinion by the way. Do you own research. First of all with a gold backed system many smaller developed nations could never comply. Second fractional banking simply does not allow for it. Do we do away with fractional banking then as an answer?
Let me answer this question with a question. Do you want to get rid of your opportunity to buy a new home or how about a car loan? Or how about freezing all your credit cards and demanding the balances be paid in full now and no longer having credit cards. Its all connected together in the way our financial system works.
It is all related. You simply can’t change the system in place overnight without some real dire consequences. So my advice is please stop listening to all this foolishness being perpetrated about the fall of the carbal or the new republic.
We must be careful of the people who are spreading this stuff and what system they have in mind to replace what we already have. Again – be careful what you wish for – you just might get it.
As part of my time in the intelligence area let me explain some issues to you now. If there is ever going to be a huge financial crash it will be caused by these people. It will be intentional. Who are these people? Are they the CIA trying to stir up the masses. Why? What are their true objectives?
Sometimes the opposing force is itself the same entity. Yes – the same entity. Since we expect an apposing force then why not invent one. If you don’t invent one, one may spring up anyhow and it may get uncontrollable. This way you own it and have total control over it.
This way you can manipulate the masses without them even knowing it. Make sense? You essentially own both sides. One quick example: Gun Control- the CIA plants a gunner in a school, mows down innocent children, people then want more gun control. They demand it.
States and Congress then can pass more gun control laws. Do you see what I am saying. What is the real objective here? More gun control for the safety and good of the average citizen or more gun control for the state in order to control any future revolt against the state? What is planned for the future?
Remember these secret entities often cause order through first causing more chaos. A tactic all too familiar in the intelligent business. So wiping the financial slate clean and staring over can never and will never happen. It will be so devastating and so bad to the economy you may wish it never happened.
They may try to convince you this is a good thing. There is no way out of this mess unless there is full global cooperation between all nations.
They must heal and mend the broken parts of the financial system and do it slowly and gently to institute the necessary reforms and come up with more creative ways to pay off these huge national debts. The IMF and WTO is now attempting to do just that.
Paying off the National Debt
Some are saying the Iraqi RV will pay off the USA national debt? Think about this. Where in hell will $20-26 trillion dollars come from in order to do this? It would take profits from Iraqi oil credits 50 years or longer to pay off that much of a debt. Now with the dropping oil prices even longer. I do not think this is their plan or ever was. Let me explain.
The RV can however help to bring in additional revenues thru these oil credits to stop deficit spending each new year and finally have surplus revenues enough that they can be push to slowly pay down the national debt. So you see there are really two issues here.
One is paying off an already huge ever increasing national debt, another is the annual need to borrow more money to increase it yet even more. Both issues must be addressed.
Kind of like using a credit card. Stop the spending to stop the limit increase, then bring the limit under control by paying off the owned amount.
Do this and more and ore of the monthly payment is gradually going towards paying off the principle debt and not paying off interest each month. Overtime it is an exponential result. But it takes discipline and many of these speciall black opns projects or free aid must end.
If you can’t pay off the principle debt in a lump sum then you have to slowly pay more each month beyond the interest changed for that month on the existing debt.
Soon you will see the limit of debt will slowly decrease each month. Of course the more favorable approach would be to use a lump sum payment on the debt and then to get the spending under control so yet more debt does get racked up again in the future, thus creating a crisis all over again.
The politicians never want to talk about the debt in these practical terms because they believe the average citizen is stupid and can not comprehend this level of detail.
Well I am here to tell you they are wrong. Most of us face these challenges each and every day and some go to jail for failure to meet their legal financial obligations too.
The fact of the matter is former president Clinton did nothing to pay down the national debt with revenues generated from the Kuwaiti currency revaluation. This is a fact not my rumor.
I say again nothing ! Instead his administration used that surplus revenue to pay the govt bills that year instead of borrowing yet more money to compensate for overspending that year. Thus the national debt hardly increased that year and necessity to borrow more money was less.
The fact is what surplus money remained after he left office was given out to the citizens as rebates under president GW Bush. Do you remember this?
This was of course nice for all of the citizens receiving these checks but the reality is it was the worst and most irresponsible financial policy ever perpetrated on the American citizen. Think about it. What was really going on here? Was it all to gain confidence for the upcoming election.
So please I am so tired of hearing about how this Iraqi revaluation is going to solve all the USA financial problems and pay off all its national debt. I hear statements like ‘ Why can’t they just pull the trigger it will be so good for the national debt”. Save this rhetoric for your dinar gurus.
I think we are still in a very good window to see the RV announcement at the beginning period of the new year.
I have to tell you there was some amazing news this week but it appears other issues prevented the RV announcement in Iraq. I have tried to explain some of these issues to you.
Of course all the best laid plans are for mice and men. So the plan now adjusts once again and we adjust with it. Relax and be patient. We will be at the banks soon. This roller coaster ride is almost over.
The PTB do not just spend years of planning and strategizing middle eastern policy and spending trillions implementing their plan without completing it.
Then when can we expect the RV?
Let’s just say this – If you have not yet gone out and purchased your bottle of champagne. I would do it now and get it chilled and ready…..lol…..! We are only 11 days remaining till 2015.
Let your hearts be light, your cares be few, and all of your wishes just might come true.
Merry Christmas to all and to all a good year !
Peace and Luv To Ya All, Mnt Goat