So the dollar is toast as of July 1

I got another financial newsletter yesterday, and it explained why the US wants to go war with Iran. It is not the threat of Iran having nukes, that is just a convenient excuse. It is simply Iran’s stated aim to sell its oil in other currencies than the dollar. The fact that the world had to buy all its oil in dollars, since Richard Nixon managed to set this up in the seventies with the Saoudis, meant that the dollar continued its role as reserve currency of the world, the Petro Dollar, since who does not need oil? So the US could keep printing dollars out of thin air and borrowing as if there was no tomorrow.

If Iran starts selling its oil in Yuan or Euros, and other countries already barter their oil for goods for instance, then the dollar is toast. Iran aims to activate this exchange by July 1.

Hence the war mongering by the US. Saddam Hussein wanted to do the same, see where it got him? Dead. The Iraq war was started on false pretenses. The lies are exposed.

To us Americans, a worthless dollar means hyper inflation, and lots more poverty. But of course it also means our manufacturing can compete with others again.. Time to set up factories here… Time to invest your money in offshore currency like the Singapore Dollar, or the Chinese Yuan.

The above is an old expectation, it is doomsday thinking. If the news on technological breakthroughs is properly released, there won’t be much crashing. For instance the ability to live practically forever. But how can you release it without proof. Who lived 400 years and is back to testify to everyone 🙂 I guess it is good enough if sick and dying are turned to healthy people..

I saw on CNN how Hillary Clinton related that everyone was so tense while Bin Laden was being targeted, I wonder why, in this day and age, there are still assassinations like that. In order to regain some moral standing, the US should have handed over Bin Laden to the International Court of Justice, in The Hague, for a trial. But since the US does not acknowledge that court, it decides to play the old lone ranger game. It is so easy to just kill someone.But it leaves a loong wound in people’s conscience.

<div

class=”statcounter”><a title="stat tracker for tumblr"

href=”http://statcounter.com/tumblr/&#8221; target=”_blank”><img

class=”statcounter”

src=”http://c.statcounter.com/6894415/0/11a0e2b9/1/&#8221;

alt=”stat tracker for tumblr” >