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- Talk of a Greek Exit Gets Louder
- Doug Casey on Taxes and Freedom, Part II
- Is Facebook the Rusty Hinge of the Stock Market?
- Fitch Downgrades Japan
- Doug Casey on Taxes and Freedom
- Greeks Run on Banks as Euro-Confidence Wanes
- To the Class of 2012
- Hedge Funds Bail On Euro Now
- Expatriation in the Wake of the Facebook IPO
The history of petrodollar recycling…
According to research outlined in Dr. David Spiro’s book, The Hidden Hand of American Hegemony (1999), it was during this time OPEC began discussions on the viability of pricing oil trades in several currencies. This unpublished proposal involved a “basket of currencies” from the Group of Ten nations, or “G-10.” These 10 members of the Bank of International Settlements (plus Austria and Switzerland) included the major European countries and their currencies such as Germany (Mark), France (Franc), and the U.K. (Sterling), as well other industrialized nations such as Japan (yen), Canada (Canadian dollar), and of course the Unites States (U.S. dollar). 35 It should be noted the powerful G-10/BIS Group of Ten also has one unofficial member, the governor of the Saudi Arabian Monetary Authority, or SAMA.
In order to prevent this monetary transition to a basket of currencies, the Nixon administration began high-level talks with Saudi Arabia to unilaterally price international oil sales in dollars only – despite U.S. assurances to its European and Japanese allies that such a unique monetary/geopolitical arrangement would not transpire. In 1974 an agreement was reached with New York and London banking interests which established what became known as “petrodollar recycling.”
That year the Saudi government secretly purchased $2.5 billion in U.S. Treasury bills with their oil surplus funds, and a few years later Treasury Secretary Michael Blumenthal cut a secret deal with the Saudis to ensure that OPEC would continue to price oil in dollars only. 36
In typical understatement Dr. Spiro noted, “…clearly something more than the laws of supply and demand…resulted in 70 percent of all Saudi assets in the United States being held in a New York Fed account.” 37 Naturally, this arrangement with the Saudi government prevented a market-based adjustment, and was the basis for the second phase of the American Century, the Petrodollar phase. What follows is the extraordinary history in which petrodollar recycling was vigorously implemented during the 1970s.
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Peak Civilization: MIT Research Team Predicts Global Economic Collapse and Precipitous Population Decline
Researchers at one of the world’s leading think tanks have developed a computing model that predicts serious implications for our way of life as a result of our incessant need to consume resources like oil, food, and fresh water. According to a team of scientists at the Massachusetts Institute of Technology, the breaking point will come no later than 2030, and when it does, we can expect a paradigm shift unlike any we have seen before in human history – one that will not only collapse the economies of the world, but will cause food and energy production to decrease so significantly that it will lead to the deaths of hundreds of millions of people in the process.
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One Mainframe to Rule Them All
One Mainframe To Rule Them All is a breathtaking rundown of the human microchipping agenda. Concise and effective, it breaks down the coming global information control grid in all its horrifying detail. Scarier than any horror movie could be because it is real and documented.
The History of Tracking Humans
Ever wonder how Nazi Germany was able to identify the Jews and other “undesirables”? They turned to IBM.
IBM has a long history of cutting-edge counting technology. They were contracted by Germany’s Third Reich to conduct Germany’s census. Before computers, before microchips, IBM developed the IBM Hollerith Tabulating Machine that was used by Hitler’s Germany to count, track and, in many cases, dispose of populations.
When IBM developed the Hollerith Tabulating Machine, they developed all of the coding that enabled Nazi Germany to track its population and its concentration camp prisoners—where they from, where they were going, race, religious affiliation, etc. In the video, Black has actual examples of the forms and codes. (Obviously, the Third Reich did not have time to destroy this damning evidence, either before the Allied troops descended).
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A HISTORY OF TERM LIMITS IN THE UNITED STATES
Term limits have a long and illustrious history. The concept of term limits, or rotation in office, dates back to before the American Revolution to the original democracies and republics of antiquity. The Council of 500 in early Athens rotated its entire membership annually, as did the Ephorate in ancient Sparta. The Roman Republic featured a system of elected magistrates who served a single term of one year, with reelection forbidden for ten years.
Many of the founders of the United States were educated in the classics and quite familiar with the benefits of frequent rotation in political office during antiquity. The debates of that day reveal a desire to study and profit from the object lessons offered by the ancient democracies.
Since the very founding of our Republic, most Americans have rightly held a healthy skepticism of a perilous concentration of political power. Our founders, and the framers of our Constitution, understood the historical importance of maintaining a close connection between government and the people it is designed to serve.
Which is why they envisioned a “Citizen Legislature” to retain control of government by the People. Only since the early days of the twentieth century have American politicians ignored this legacy and pursued lifelong careers in elective office.
Through the first three Articles of the Constitution our founders established a basic framework for democratic government — a system of checks and balances — aimed to prevent the disproportionate accumulation of power and influence in the federal government, in one branch of government, or in any one political body.
NDAA Martial Law
The issue of indefinite military detention of U.S. Citizens has become a hot topic. The amendment to the National Defense Authorization Act was crafted by John McCain, who should know better, Senator Levine and Dick Cheney (whom I thought was no longer a government official) and was rushed into consideration with little debate and no coverage by the main stream media (MSM)
In the aftermath, many articles have been written on the subject and many voices raised in rage and I will link to some of them below. You might also find it interesting to see how your congressional representatives voted on these issues. After all, the only way to get the point across is to boot them out of office. Strangely, this publication usually gets a press release every time one of our representatives completes a vote, plus an account from the opposing party so diametrically opposed that it is difficult to tell it is the same bill. This time not a single representative issued a press release about their vote on the NDAA. Some research shows that in Northern Colorado, representatives, Coffman, Tipton and Polis voted against the NDAA while Cory Gardner voted for it. Senators Bennet and Udall both voted for the senate version of the bill, but Udall tried to amend the amendment before and after the vote. His amendments failed. Here is the roll call on the first Udall amendment. I suspect the voting blocs were the same for the second round of amendments. Both Bennet and Udall voted to amend but the issue lost 51-37. In spite of their reservation, both senators voted to approve the NDAA. I am disappointed, assuming there is some “political” reason for that vote rather than a valid moral reason.
What Was Found at the Very Core of Mexico’s Tallest Pyramid?
Archaeologists announced Tuesday that they dug to the very core of Mexico’s tallest pyramid and found what may be the original ceremonial offering placed on the site of the Pyramid of the Sun before construction began.
The offerings found at the base of the pyramid in the Teotihuacan ruin site just north of Mexico City include a green serpentine stone mask so delicately carved and detailed that archaeologists believe it may have been a portrait.
