Video: Dollars, Oil and the Big Wipe Out

Dollars, Oil and the Big Wipe Out

Quote: The Petro-Dollar War, The first thing the US did when it invaded and took over Iraq was reverse Saddam Hussein’s recently policy of demanding Euros in payment for his countries oil.Some think that’s what the war was all about and that Iran’s insistence on receiving Euros for its oil is the real reason that country has been targeted. Dollars? Euros? What’s the difference? The difference is this…if you are the dominant currency, you can support your lifestyle and war machine by printing more when you run out.Take that power away and there will be a very economic painful dislocation in the US.

This short video (8 mins) basically explains how one of the first things the US did after the illegal invasion of Iraq was to reverse the decision to charge for oil in Euros. Whilst I think this was no doubt a factor in the decision to go to war, it certainly wasn't the main agenda. For the globalists, it was just yet another reason in a long list.

The video goes as far as suggesting Bush was forced to do it to save his country economically. That guy couldn't give a rat's arse about the US. His bosses control pretty much all the currencies anyway, so they don't really lose. It's the US that will, and they require the financial system to stay up and running while they get their systems of control more into place. If they ever reach their "fairytale" level, you'll see the rug ripped from under our feet. In the meantime they have to slow down the economic collapse, to allow their friends to bail out and to keep the public from reacting too early. The bubble has been pumped up as fast as they wanted, but their domination of the public isn't far enough along. The problem is, their bubble has reached critical mass, the dam is bursting but they're patching it up with liquidity. They'll manage to stave it off for longer because of the blindness of the public, but they won't hold it forever.

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More evidence of the move from dollars to euros...

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Having the reserve currency of the world, loads of oil reserves of your own and the large private oil producers in your portfolio is a great game for the globalist...

They help pay for their imported oil by exporting inflation abroad. The US citizens pay for their petrol with their labour via the conduit of dollars. Foreigners have to buy dollars to exchange for oil.

The BBC are reporting that...

Quote: The US, UK and other major consumers of oil have urged producers to boost supply, blaming lack of capacity for the recent price surge.

It takes the piss, it really does. The idea that demand has shot up overnight, and supply has dropped of a cliff. It really is global theatre. Whilst there is more demand from emerging markets, it doesn't explain the rise. The rise up to $95-105 is explained 95% by the drop in the purchasing power of the dollar. The rest I believe is speculation by banks attempting to stay solvent and possibly the roll over of futures contracts as short sellers


Bob Chapman says...

Quote: Note how the cartel's Illuminists are trying to run up oil while suppressing gold. They want oil to be a counterbalance to gold instead of being a supporter of gold. The next time you see substantial dollar weakness, you can count on oil to drop like a rock, if only temporarily, to put a hit on gold. The PPT's blowout of oil shorts that were being used by specs to protect gold positions and that pushed oil up dramatically by forcing massive short-covering, has quickly run its course and oil has settled back down again to keep pressure on the metals after the shorts were destroyed.

The PPT mentioned is the Plunge Protection Team, or rather their official title is the Presidents Working Group on Financial Markets..

I think there will be a big correction in oil prices, back to the $95 mark. Everyone will breathe a sigh of relief that everything is ok, having forgotten that is still a lot higher than they were a year ago. Oil is expensive compared to gold or gold is cheap compared to oil. Either way something has to give. I believe they are doing their level best to hold out until after the US elections...