Petrodollar scam - The fall of US Dollar‏


#1

People do not realize the real reason for the Iraq war and currentaggression against Iran

Its not nukes, its not the terrorism and not oil

Its all about the protection and propping up of the greatest con-job inrecent history, the US Petrodollar Scam

Back in 1971, USA printed and spent far more paper money than it could cover by gold.

So the USA went to Saudis and cut a deal - OPEC denominated all sales of oil in USD

From that point, every nation that needed to buy oil had to firstly holdUSD, which meant that they exchanged their and services for USD, which the Americans just printed

However, the scam began to unravel when Saddam Hussein started sellingIraq's Oil directly for EURO, abrogating the cozy arrangement theAmericans had with OPEC. Thus Saddam had to be stopped. How?

USA concocted up a pretext to wage was (drama of twin tower blast) andinvade Iraq and the first thing the Americans did was to revert sales ofoil back to USD. The currency crisis was averted for the moment.

But Hugo Chavez (Venezuela President) also started selling VenezuelanOil for currencies other than USD, so there were a number of attempts onhis life and "regime change", traceable right back to the CIA. Thepetrodollar cat was out of the bag

Iran President (Ahmedinejad), watching all of this, decided to kick theGreat Satan in the goolies and do the same thing - sell oil for everycurrency EXCEPT USD

The shell game is coming to an end for the Americans. As the nations ofthe world find that they can buy oil for their own currencies instead ofholding paper USD, more OPEC nations will abandon USD

The worst thing for the Americans is that eventually, they will alsohave to buy their Oil with EURO or Rubles instead of just printing papermoney to get it

That will be the end of the American Empire, the end of the funding forthe US military and the destruction of the US economy

The great scam is coming to an end and there's not a lot that the USAcan do about it, except start another world war!!!

Wait and watch.... Only few years/months ahead


#2

interesting


#3

another impressive post by Kool.


#4

this was unfolded a long time ago but nothing happened. lets see


#5

China has foreign currency reserves worth USD 1.95 trillion. Almost all in USD. If China starts to convert this into EURO or JPY than it will be curtains for USD...


#6

I first read about all this stuff in the magazine!!!

anyhow,a nice post..Now China can ruin American dollar indeed!!!


#7

yeh us just print it and run country without thinking,


#8

[quote=", post:, topic:"]

China has foreign currency reserves worth USD 1.95 trillion. Almost all in USD. If China starts to convert this into EURO or JPY than it will be curtains for USD…
[/quote]

OMG! What is going to happen if china release all these dollars into market.


#9

Nice post, very interesting.


#10

Some thoughts...

[quote=", post:, topic:"]
So the USA went to Saudis and cut a deal - OPEC denominated all sales of oil in USD
[/quote]

why were the Saudis willing to cut a deal?

[quote=", post:, topic:"]
However, the scam began to unravel when Saddam Hussein started selling Iraq's Oil directly for EURO
[/quote]

when was this? before the first Gulf war? because I know from 1995 to 2003 Iraq had UN sanctions on them and they could only export through the 'oil for food' programme

[quote=", post:, topic:"]
Thus Saddam had to be stopped. How?

USA concocted up a pretext to wage was (drama of twin tower blast) andinvade Iraq

[/quote]

The US concocted the 'Iraq is developing weapons of mass destruction' drama for this invasion, not the twin towers...

and how is this all actually a 'scam'? sounds like normal geo politics to me... :P


#11

firestorm.....

You will find most of your questions answered on

http://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.html


#12

thanks...that clears thing up much better but even in the article it does not tie 9/11 incident as the reason for given for attacking Iraq....


#13

[quote=", post:, topic:"]

China has foreign currency reserves worth USD 1.95 trillion. Almost all in USD. If China starts to convert this into EURO or JPY than it will be curtains for USD…
[/quote]

if china does that it will ruin US ecnomy in one day but then US will block all Chinese trading routes thus incurring heavy loss on the chinese as it has bases all over strategic locations like a base on the horn of Africa and its CIA is making the neigbouring countries fight each other so they do not divert their attention towards them, hence to this effect China has developed Gawadar port so it can bypass the india sea and send its products to middle east via Iran which is one of the reason US is against development of Gawadar and you may have read that chinese being killed in balochistan.If Iran,Pak and China gas pipeline is launched then US foregin Policy will be struck a serious blow.

China needs fuel , energy to sustain its economy and wherever it goes US is following them and blocking them, it is playing the same game with Japan who has to buy fuel at a higher price as US controls the water ways through Nato and its own fleet.

At the moment drugs/ opium from Afghanistan is being flooded into China, Russia and other countries of the region to weaken the population and their armed forces just like when the British used drugs to weaken china in old days(East India Co).


#14

Frost....

You are spot on, I agree with you. This is one of the reason that China is reluctant to change the denomination of its reserves.


#15

you can know more about these issues if you watch economic terrorism episods of brasstacks by zaid hamid

http://www.brasstacks.pk/brasstacks/VideosTVPrograms/EconomicTerrorism/tabid/88/Default.aspx

also watch this

http://video.google.com/videoplay?docid=7065205277695921912

http://www.zeitgeistmovie.com/

http://brasstacks.coolpage.biz/tv-med.htm


#16

you can also order his dvd packs of his program, the online ones are not of so good audio quality and are cut short.