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cubsqueal
05:41:24 Fri
Jul 13 2012

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Gold being used to purchase petroleum


I'm not at all gifted in understanding economics. Can anyone see any significance to this?

http://www.debka.com/newsupdatepopup/1633/

  
dragline
19:32:40 Fri
Jul 13 2012

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Re: Gold being used to purchase petroleum

Yes, the significance is that for the sin of selling oil in Euros the international bankers that own and print the US dollar (the Federal Reserve Bank) financed and backed the invasion of Libya and the killing of Kadafi. Subsequent to Kadafi's defeat Libyan oil now flows into world markets in exchange for the fiat debt based US dollar.

These international bankers own and operate every aspect of the US Federal Government and will instruct their Washington DC puppet politicians in both political parties and/or the US military if necessary to invade Iran and remove this threat to their fiat debt currency paradigm. These trillionaire criminal psychopaths cannot tolerate the use of any currency including gold in the settlement of oil and gas trades conducted anywhere in the world. To do so would be to destabilize the psychological foundations upon which faith in the US dollar as the world's reserve currency is based.

With our without the threat of Iran selling its oil for gold it is only a matter of days, weeks or months before the US dollar crashes under the burden of geometrically increasing debt compounding with interest on that debt. At all costs these international bankers will keep the illusion of the US dollar going for as long as they possibly can so the American people and the world are completely caught off guard when the crash comes.

The crash will come when the loss in confidence in the US dollar becomes so widespread that the acceleration of distrust cannot be stopped. Foreign governments will attempt to sell off their US dollar reserves for other currencies or tangible commodities like gold and silver and all hell will break lose. The derivative markets will implode. The US government will no doubt respond with more false flag terror attacks on the American people as then hyperinflate the US dollar by issuing hundreds of trillions and then thousands of quadrillions of US dollars into the hands of their criminal elite banks and corporations.

Our puppet US politicians will freeze your bank accounts, 401-Ks, IRAs, stocks, bonds and insurance benefits as they use hyperinflation to rob you of every paper asset you own. Your home values will crash to almost nothing. Manufacturers worldwide will be forced to completely shut down their operations. Unemployment will rise to 100% outside of government jobs. Grocery store shelves will be empty. Transportation will stop completely. Cities will burn. The loss of life will be staggering. After that... chaos. After that, who knows.

Almost anything is possible. One thing that is absolutely not possible is for the US dollar to not crash or to maintain its status as the world's reserve currency more than a few months. I'm hoping for good things to rise from the ashes of our debt based monetary economy such as a government that is not run by criminally psychopathic politicians, a government that honors and adheres to the US Constitution and perhaps even a currency that is not issued as debt to a private bank run by criminally psychopaths. A currency backed by gold and/or silver would be also be good. But even a fiat currency not based upon debt would be infinitely better as compared to our current Federal Reserve Note (debt dollar).

dragline

  
hardballer
20:54:56 Fri
Jul 13 2012

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Re: Gold being used to purchase petroleum

Guess I'll just stay home and drink the day that happens.

  
trapperray
19:38:26 Sun
Jul 22 2012

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Re: Gold being used to purchase petroleum

Might just pull up a chair and join ya!

  
billcosta_rica
23:17:38 Sun
Jul 22 2012

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Re: Gold being used to purchase petroleum

what is really scary is the possibility of what drag line says could be true and could really happen.

  
cubsqueal
07:00:57 Wed
Aug 1 2012

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Re: Gold being used to purchase petroleum


  
klondike_jake
05:03:56 Thu
Aug 2 2012

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Re: Gold being used to purchase petroleum

dont count on anything really bad till after the elections.they are not done with the obama puppet scheme yet.guess whos going to win the so called election.

  

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