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Schiff: Get out of the U.S. Dollar NOW

Peter Schiff: Get out of the U.S. Dollar NOW

http://www.youtube.com/watch?v=sjbgdg2_7XI

 



Russia, Iran And Latin America Admit Talks of Dumping Dollar

Russia and Iran Now OFFICIALLY Talking of Dumping Dollar for International Trade

Washington’s Blog
October 18, 2009

After the Independent reported that Middle Eastern oil producers, plus China, Japan and France have all agreed to start trading oil using a basket of currencies – instead of the dollar – starting in 9 years, spokesmen for those governments denied it.

The Independent’s reporter explained why the governments were denying the rumor.

But now the governments themselves are starting to admit that they are switching out of the dollar.

For example, Russian Prime Minister Vladimir Putin said Wednesday that Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings. As Russia’s newspaper RIA Novosti writes:

Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.

The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis.

“Yesterday, energy companies, in particular Gazprom, raised the question of using the national currency. We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans,” Putin said.

And Iran’s Press TV reports that Iran wants to completely drop the dollar from its foreign exchange:

Since October 2007, Iran has received 85 percent of its oil revenues in currencies other than the US dollar and Tehran is determined to find a substitute for the US dollar for the rest of its 15 percent of oil revenues, the report added.

This story is confirmed by the Tehran Times, which notes:

As I have repeatedly noted, many countries have been moving out of the dollar for years. The process is simply accelerating.

In line with this plan, Iran has informed Japan that it should use the yen instead of dollars to pay for the oil it buys from the Islamic Republic.

In addition, Iran has decided to open a bourse for oil and gas transactions in currencies other than the U.S. dollar, especially the euro.

 

Latin America plans US dollar replacement

Press TV
October 17, 2009

Leftist Latin American leaders have agreed on using a new intra- regional trading currency, dubbed as Sucre, instead of the US dollar.

Bolivian President Evo Morales, who hosted leaders of the Bolivarian Alternative for Latin America and the Caribbean (ALBA), said that the “document is approved.”

During the seventh ALBA summit, the leaders agreed on the currency reform as well as approving plans to impose economic sanctions against the coup leaders in Honduras, AFP reported.

The currency, Sucre, is named after Jose Antonio de Sucre who fought for Spain’s independence alongside Venezuelan hero Simon Bolivar in the early 19th century.

Sucre is scheduled to be rolled out in 2010 in a non-paper form.

The nine members of ALBA, conceived by Venezuelan President Hugo Chavez, are Cuba, Dominica, Venezuela, Ecuador, Nicaragua, Honduras, Saint Vincent and Antigua, Bolivia and Barbuda.

The bloc also agreed to replace the International Center for Settlement of Investment Disputes, which is in charge of arbitrating international disputes and has probed a large number of contract disputes between Western energy firms and members of ALBA.

ALBA, which has already lost many of its members, including Ecuador, is echoing the moves of the European Union and its introduction of euro.

 



Obama Will Surrender America To World Government

Obama Will Surrender America To World Government

NoWorldSystem.com
October 17, 2009

“Out of these troubled times, our fifth objective – a New World Order – can emerge. . . Now, we can see a New World Order coming into view. A world in which there is a very real prospect for a New World Order. . .A world where the United Nations, freed from a Cold War stalemate, is poised to fulfill the historic vision of its founders.” -George H.W. Bush

The Minnesota Free Market Institute hosted an event at Bethel University in St. Paul on Wednesday evening. Keynote speaker Lord Christopher Monckton, former science adviser to British Prime Minister Margaret Thatcher, warned the American people to stop Obama from signing a ‘global climate treaty’ at the climate change conference in Copenhagen in December 7-18 that will ultimately surrender U.S. sovereignty to a World Government under the guise of helping the environment.

With every passing day it becomes more evident that Obama is nothing more than a globalist, it is obvious from health care reform that he doesn’t care about the middle class, he is in the pocket of the internationalist elite like Kissinger and the rest of the global elite that wish to establish a World Government Dictatorship under the auspices of the United Nations.

If this international climate change treaty passes, Americans will have no choice but to pay a global climate tax that will be paid directly to the United Nations, at first the tax will be introduced to the public gradually such as a barely noticeable tax at the gas pump, which will later be increased once it has been officially established.

The Bilderberg Group has discussed this new global tax this year among many other things like creating a fast-but-painful depression to better establish a New World Order. The IMF, a United Nations entity has already declared itself the global central bank that will set regulations and issue a global currency to the nations. People like George Soros, IMF and the World Bank are betting against the dollar and with the help of the Federal Reserve will topple the dominance of the U.S. dollar in the world market to destroy the U.S. economy and force the global dictatorship on the western hemisphere.

We are beginning to see the emergence of a New World Order this year, with talks of a new global currency, a global climate tax, a global police force with access to a worldwide database of DNA, biometric and fingerprint records, an international gun-control treaty, an international criminal court treaty, the internet moving towards world government it’s crystal clear what is about to happen in this country.

 



Jerome Corsi: America Will Be Sold To World Government

Jerome Corsi: America Will Be Sold To World Government

 



Replacing Dollar with Global Currency will damage U.S., claims memo

Confidential Memos Indicate Oil SDR Pricing Shift Would Be “Most Damaging” To United States

Zero Hedge
October 12, 2009

A recently declassified, formerly Confidential, 30 year old memo prepared by Henry Owen for President Jimmy Carter’s eyes only, highlights the perils facing the United States if oil were to be priced in SDRs instead of dollars, a topic which is all the rage today as rumors are swirling that this is an imminent transition to be “put” upon the United States.

In response to your request, we have considered, and discussed with other agencies, whether the US should favor use of SDRs instead of dollars, to pay for crude oil… I have concluded that dollar pricing should be maintained — a view that is shared by State, Treasury and CEA.

The reasons:

1. An announcement that dollars were no longer being used as the unit of account in paying for oil would trigger selling of dollars on the foreign exchange markets. So we would suffer.

2. I don’t see any offsetting gain, since OPEC would probably raise prices in SDR terms, as necessary to recover revenue losses if the SDR appreciated relative to the dollar.

And the conclusion:

We might be able to persuade the OPEC countries to make the shift if the dollar weakened but that’s precisely when the move would be most damaging to us.

Poor Mr. Owen- little did he realize that a mere 3 decades after this memo was penned, the administration would be consumed by a bunch of Wall Street pandering, middle class extortionists, who seek nothing else than to inflate the trillions of toxic “asset” loans that make up the broken backbone of the American financial system. It would come as no surprise if the move is now in fact spearheaded by the same administration which has no other purpose in life than to destroy what little savings Americans have and to throw all their cash to prop up artificially inflated equity prices so that insiders can sell their stock at agreeable levels, and so the toxic companies can use the run up to issue follow on offerings, moderating their untenable debt holdings.

Even more troubling, in another declassified memo, former Undersecretary of the Treasury and President of the New York Fed, Anthony Solomon, reaches this damning conclusion:

The choice of the unit of account for oil pricing is basically under the producing countries’ control. There is no particular economic reason why a shift from the dollar would be contrary to U.S. interest — unless the dollar were to depreciate significant in relation to the currencies in the pricing basket. But there could be major psychological effects. Given the unsettled conditions in the foreign exchange market [TD: so true today, 30 years later], such a step at this time could be interpreted as a lack of confidence in the dollar and as presaging a shift in OPEC investment policy away from the dollar. It could precipitate a serious market reaction.

Alas, even President Carter, seen by many as one of the worst American president in American history was smart enough to not bury his own middle class at the expense of landed Wall Street interests. It is a pity that his current
incarnation, advised by the Bernanke-Summers-Geithner think tank, has such diametrically opposing motivations.

 



Robert Kiyosaki: Silver Best Hedge Against Inflation

Robert Kiyosaki: Silver Best Hedge Against Inflation

Robert Kiyosaki is a motivational speaker, businessman, investor and author of the Rich Dad, Poor Dad series. In the following interview with Newsmax.tv Kiyosaki explains the reasons why Americans should be investing in silver.

Kiyosaki says silver is the best hedge against inflation and that in many ways the precious metal is a better investment than gold. He is a very strong buyer of silver and has been investing heavily in for over 10 years.

Why Silver Cannot Lose

Robert Kiyosaki
August 20, 2007

I believe the biggest opportunity today is in silver. I think this precious metal is about to become the most spectacular investment in recent history — bigger than oil, even bigger than Google.

Let me give you some reasons why:

Silver is a consumable industrial commodity.

It’s used in computers, cells phones, and electrical relays. This means that as countries like China, India, and Vietnam, and regions like Eastern Europe, become more modernized, the demand for silver will increase.

Silver is also applied in medicine. One little-known use is as a bactericide, a role silver has filled throughout history. Today, medical devices such as catheters and stethoscopes use silver, and every hospital in the western world uses silver sulfadiazine to prevent infections.

Silver is scarcer than gold.

Gold is hoarded. It’s estimated that 95 percent of all gold ever mined is still around. The exact opposite is true of silver: An estimated 95 percent of all silver ever mined has been consumed.

Forty-five percent of all silver mined is burned up in industrial uses. Jewelry accounts for 28 percent, and 20 percent has been consumed in photography. Only 5 percent is in coins.

Silver supplies are down.

In 1900, it was estimated that the world had 12 billion ounces of silver. By 1990 it had dropped to 2.2 billion ounces. By 2007, the supply was down to 300 million ounces.

Some of the more pessimistic forecasts estimate that the world will be out of silver in about 10 years. This could be catastrophic to the world economy. In 10 years, silver might have as much of an impact on the world economy as $200-a-barrel oil.

 



U.S. Dollar Will No Longer Be World Reserve Currency

U.S. Dollar Will No Longer Be World Reserve Currency

NoWorldSystem.com
October 10, 2009

The collapse of the U.S. dollar as the world’s leading reserve currency has been confirmed by Robert Fisk who wrote a revealing article about how China and other G20 nations wish to collapse the dominance of the U.S. by replacing the dollar with a basket of alternative currencies (including gold) in the form of SDR bonds created by the IMF.

“It’s interesting that China has not come out with any huge denials, Russia of course has up to a point and the Gulf arabs. But it’s in the interest of the arabs and all of the nations involved to deny this is happening at the moment. But we’re talking about a project that would not actually have its fulfillment; de-dollarization, for another 9 years.”

Both Fisk and Max Keiser agree that when the U.S. dollar is replaced it will be a devastating hit to the country’s political influence around the world, Keiser agrees saying; “The mid-east doesn’t want to finance America’s wars anymore, because the U.S. dollar’s world reserve status gives America an incredible leverage in financing wars that they really don’t have to pay for. China, Russia, and Iran are paying for America’s wars in Afghanistan, Iraq and in possibly in Iran.”

Keiser believes world de-dollarization will occur a lot sooner than what Fisk predicts will happen in 2018. Since the dollar is still being de-valued by the Federal Reserve’s continual plans to increase interest rates that will only expedite the collapse of the dollar making G20 nations switch to SDR bonds much faster than expected.

Gerald Celente weighs-in; “You can’t print phantom money out of thin-air, backed by nothing and producing practically nothing without destroying the dollar. They’ve been doing it for decades, it accelerated in 2008 under George Bush and is building trade deficits” “the tarp program that cost an access of $700 billion dollars to bailout the failing banks and financial institutions and then it was re-instituted to an even greater number by President Barack Obama printing another several hundred billion dollars worth of valueless money, and the whole world knows it!”

Jim Rogers calls Fisk’s story a rumor, however agrees with the other analysts who say that Washington D.C. is purposefully de-basing the dollar. Rogers says countries like China are waking up to the dangers of currencies that are backed by nothing and inching towards real commodities like Gold, Silver, Nickle, Zinc, Copper, Sugar, Coal and Oil just to name a few.