Our country is in the process of experiencing some extremely interesting changes. With the BRICS nations’ strategic move of ousting the U.S. currency from its coveted throne of world reserve status, the U.S. can either fall into place gracefully with the rest of the world, or fall with a great, big thud – isolating itself in its own greed and despair. As a U.S. citizen, I do sincerely hope that a graceful shift is in store for America’s very ambivalent future.
According to a recent report by the Trinidad and Tobago Manufacturing Association (TTMA), it has been announced that its members are experiencing critical issues when it comes to gaining access to United States currency. Many corporations are unable to make payments to their suppliers due to the inaccessibility of U.S. Federal Reserve Notes.
Renminbi on the Rise
The Financial Times has also reported that more and more U.S.corporations have switched to using the renminbi (China’s currency) due to “structural and long-term” changes that are set to take effect, as stated by HSBC managing director in New York, Debra Lodge. China’s renminbi has already replaced the U.S. dollar in Europe and in Asia, and now U.S. corporations are using the renminbi over three times more to buy imports than they had the previous year. Why is the U.S. facing such a financial switch over? To understand, we’ll have to take a short trip back down memory lane.
In 1971, former President Richard Nixon took the United States off the gold standard. The value of the dollar had always been defined by the “gold standard” (a certain amount of gold that had to be reserved in order to give paper money value) but that ended in its entirety, sending the U.S. in a consistent and irretrievable state of inflation ever since. This is why the dollar doesn’t go as far as it used to, and is steadily declining.
Having a gold standard in place is crucial to regulating the size of government spending. Without it, Congress can spend as though they’ve been given access to unlimited amounts of cash. Government can spend more money than it possesses assuming more money can be printed to pay down the debt if, for whatever reason, it is unable to borrow any. Having a gold standard limits the government to spend only what it has.
A gold standard also helps the economy continue to flow at a steady pace, allowing the markets to operate more freely and enabling shorter recessions.
In 1967, the now former Federal Reserve chairman, Alan Greenspan, warned that the move to take the U.S. dollar off the gold standard would devalue everything that Americans had worked for. leaving them vulnerable to confiscation of savings through inflation. The illusory currency that we use today is allowing our politicians to pass laws that are doing just that.
The Shadow Government of the United States of America
To fully understand the position that the U.S. is in, it is very important to know who’s really running things behind the scenes. Learning the history of the Federal Reserve will be the first step in uncovering the true reasons why America has become the political police of the world.
The Federal Reserve is a Corporation
In 1913, President Woodrow Wilson would seal the fate of the United States by signing the Federal Reserve Act into law.
After experiencing an economic crisis in 1907, the U.S. sought help from financier tycoon, J.P. Morgan who put in place credit lines and private sector investments to create a more stabilized banking system. Since then, the U.S. and its financial system had understandably become a major focus for J.P. Morgan. After all, Morgan had once before bailed out the U.S. economy in 1895. In 1910, plans were made by a team of financiers and bankers in a secret meeting held on Jekyll Island, Georgia. This was the birth of the Federal Reserve.
From Gold to Oil
In order for the elite banking cartel to become rich and remain rich over the years, the removal of the gold standard and the introduction of the petro-dollar had to take place. Making money was and still is the main objective, and making wars was their sure way to achieving it.
In 1973, a deal that would soon rule the course of decades of wars to be waged in the middle east (and in other parts of the world) was struck between the United States and Saudi Arabia. It was a deal in which every barrel of oil that would be purchased from Saudi Arabia would be designated in U.S. dollars. Under this arrangement, any country who purchased oil from Saudi Arabia would be required to exchange their national currency to U.S. dollars. Saudi Arabia was offered weapons and protection of their oil fields for their willingness to uphold this agreement.
The petrodollar (U.S. currency) is now losing its clout. The BRICS nations, in regard of China and Russia being the forerunners, are dismantling the Federal Reserve’s power and are thwarting their greedy and twisted plans. What will be the result of the United States in all of this? Can we show that we can, too, be legitimate players in this changing economic global platform? Only time will tell.
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