Summary: As part of the pervasiveness of the abolition of national / regional currencies in favor of a world currency, speculation is now going on against both the dollar and the euro to the extent that these currencies could collapse and float over into the IMF’s SDR and bancor global currencies – as wanted by Robert Mundell, the father of the euro. The dollar’s days as the world´s only reserve currency are numbered, with both Russia and China and Saudi Arabia and BRICS wanting to trade e.g. oil in their own currencies - without the Fed´s stolen dollars. Such initiatives have resulted in the murder of politicians like Abraham Lincoln, John F. Kennedy, Saddam Hussein - and probably soon of Gaddhafi, too, as he is working for trading oil in gold dinars.

The U.S. can not afford to lose the dollar´s position as the world´s reserve currency. The U.S. has an enormous debt, which has grown from 2 trillion dollars in 1986 to 14 trillion today! In addition, it has a military apparatus with a budget that creates a U.S. annual budget deficit of 1.1 trillion dollars. The military brass together with Wall Street, which has taken over the U.S. administration, select the U.S. president - in 2012, too!

But now the very Council on Foreign Relations demands  U.S. budget cuts - otherwise the market will punish the United States. The market is synonymous with Rothschild and his Wall Street - represented by Rothschild agent George Soros, who has just held a major conference with eminent economists, whom he has bought with 50 million. dollars. The intention is to reform the international financial system - by finishing the U.S. dollar as the world’s only reserve currency - and to promote China’s yuan and the euro, among other things, in the SDR basket. The idea is to make Rothschild´s IMF a world central bank together with Rothschild´s BIS. US Illuminati Finance Minister Tim Geithner seems to consent.

Barack Obama is in difficulties before the 2012 elecetions. He can only let his masters on Wall Street continue to plunder the population - and feed the military with ever more sophisticated weapons for America’s ongoing third World War to ensure the world’s resources for Wall Street corporations - and then let the people foot the bill into destitution, leaving their homes  and leaving the dollar’s purchasing power to sink to the bottom and / or create hyperinflation. At the same time the euro seems to be headed for dissolution and the PIIGS countries are in turmoil. But the The Economic and Monetary Affairs Committee of the European Parliament now just allowed greedy banksters like JP Morgan to carry away the gold reserves of defaulting PIIGS states as collaterals.

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Nathan Mayer Rothschild (1777-1836: “I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.” David Allen Rivera, Final Warning -The House of Rothschild .

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Pyramid-dollarThe world is conspiring against the US Dollar! There has been a long-running debate speculating on whether the dollar could collapse, as the IMF puts it. The other great powers do not submit to the dollar dominance as reserve currency of the world any more – which will destroy USA´s free credit and “quantitative easing”. They want an alternative including i.a. the Chinese Yuan.  Let us not forget the admonition by Mayer Amschel Rothschild to the Illuminati and freemasons: to finish his New Order, replacing the capstone of the Illuminati pyramid of Rothschild´s Great US Seal - seen on every 1 dollar bill (left). Abolishing national currencies is the death certificate of national independence and the nation state, in fact, the birth certificate of the one-world government, and the comdemnation of mankind to eternal enslavement. When individual leaders like Abraham Lincoln,  JF Kennedy, Saddam Hussein and now Moammar Fed-money-baseGaddhafi have the idea to make currencies independent of the NWO-dollar (or its IMF substitute) as world reserve currency/oil currency – they are killed.
The euro is not much better off – Greece now about to default – and possibly to return to a “new drachma” – then probably followed by Portugal and Ireland. Further austerity is impossible. However, the The Economic and Monetary Affairs Committee of the European Parliament now just allowed greedy banksters like JP Morgan to carry away the gold reserves of defaulting PIIGS states as collaterals.

Right: US Federal Reserve´s “Quantitative easing” , i.e. unlimited  dollar printing, will easily lead to hyperinflation/poverty and despair - in particular, if  the US dollar loses its status as the world´s only reserve currency. Source: Economic Research, The Federal Reserve Bank of St. Louis.

Foreign Affairs Nov./Dec. 2010 Roger C. Altman & Richard N. Haas, Pres. of the Council on Foreign RelationsAmerican Profligacy and American Power. The Consequences of Fiscal Irresponsibility. Leaving aside the period during and immediately after World War II, the United States has not been so indebted since recordkeeping began, in 1792.
If U.S. leaders do not act to curb this debt addiction, then the global capital markets will do so for them, forcing a sharp and punitive adjustment in fiscal policy. The result will be an age of American austerity. Spiegel 8 Nov. 2010: “The US has Lived on Borrowed Money for too long” (German Finance Minister, Wolfgang Schäuble).

The days of the dollar as world reserve currency  are numbered
The Dollar will be finished as reserve currency within the next five years. But the US Dollar is currently priced against a basket of currencies primarily comprised of garbage paper currencies backed by insolvent nations or broken unions (the Japanese Yen and the Euro). China and Russia have removed the US Dollar from their trade. China, Russia, Brazil, India, and now South Africa are moving to trade more in their own currencies (not the US Dollar). Saudi Arabia is moving to formalize trade with China and Russia. Singapore is moving to trade yuan

The American Dream 4 March 2011 (satire).  Don’t worry, be happy - globalism is doing wonderful things for the U.S. economy.  Just look at all the incredibly cheap products from foreign nations such as China that are available in our stores.  Do you think that all of this stuff would be so cheap if we didn’t have free trade?  We may have a massive “trade imbalance” right now, but this is just temporary as we transition over to a one world economy. Don’t worry, be happy - the fact that the number of Americans on food stamps has set another new all-time high (44 million) is just an indication that more Americans are learning how to use government services. And please don’t listen to people like Alan Blinder, an economist at Princeton, who is projecting that offshoring will ulti­mately affect up to 40 million American jobs.

Don’t worry, be happy - the fact that new home sales in the United States have been setting record lows just means that the only direction they have to go is up. In Vallejo, the police force has shrunk from 153 officers to 92. Calls for any but the most serious crimes go unanswered. Three of the city’s firehouses were closed. Sadly, that article in the New York Times Us-chart_home_sales_topwas far too negative.

Don’t worry, be happy - Barack Obama has announced a great plan for reducing the federal budget deficit.  Thanks to Obama, our budget deficit will be reduced to 607 billion dollars by 2015.  When analyst Mary Meeker recently told BusinessWeek that the U.S. government has a “net worth of a negative $44 trillion” she was just exaggerating the situation.  The peace and stability that the Obama administration is going to bring to the Middle East is going to drive oil prices back down. So please don’t worry.

Wall-streetRolling Stones 16 Febr. 2011:  A former Senate investigator: “Everything’s fucked up, and nobody goes to jail, except Bernie Madoff.”
As for President Obama, what is there to be said? Goldman Sachs was his number-one private campaign contributor. He put a Citigroup executive in charge of his economic transition team, and he just named an executive of JP Morgan Chase, the proud owner of $7.7 million in Chase stock, his new chief of staff.The betrayal that this represents by Obama to everybody is just — we’re not ready to believe it,” says Budde, a classmate of the president from their Columbia days. “He’s really fucking us over like that? Really? That’s really a JP Morgan guy, really?”

Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securitieshas ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Federal regulators and prosecutors have let the banks and finance companies that tried to burn the world economy to the ground get off with carefully orchestrated settlements — whitewash jobs that involve the firms paying pathetically small fines. The people who actually committed the crimes almost never pay the fines themselves; banks caught defrauding their shareholders often use shareholder money to foot the tab of justice…. All of this behavior set the stage for the crash of 2008Economic Policy Journal.com 15 Dec. 2010: How did Goldman Sachs “repay” it’s $10 billion TARP loan? It obtained the money from the quiet sale of more than $100 billion in mortgage-backed securities (junk-quality) to the Federal Reserve

US-ecnomyLast year a conference on financial law enforcement was scheduled to be held at the Hilton in New York on November 12th. The list of attendees included 1,500 or so of the country’s leading lawyers who represent Wall Street, as well as some of the government’s top cops from both the SEC and the Justice Department.
Criminal justice here, is a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats. Don’t ask them to give back the money they stole.  From Dec. 2010 to Febr. 2011, US foreclosures have increased by more than 50% in many states – and the situation is expected to worsen – and Pres. Obama´s budget has a deficit of 15.5 trillion dollars!

Paul Craig Roberts Global Research 18 Febr. 2011Obama’s new budget is a continuation of Wall Street’s class war against the poor and middle class. Wall Street banksters sold their fraudulent derivatives into our pension funds, wrecked Americans’ job prospects and retirement plans, secured a $700 billion bailout at taxpayers’ expense while foreclosing on the homes of millions of Americans. The effect of the Federal Reserve’s “quantitative easing” on inflation, interest rates, and the dollar’s foreign exchange value are yet to hit.  When they do, Americans will get a lesson in poverty.

The U.S. government has a huge military/security budget. It is as large as the budgets of the rest of the world combined. The Pentagon, CIA, and Homeland Security budgets account for the $1.1 trillion federal deficit that the Obama administration forecasts for fiscal year 2012. This massive deficit spending serves only one purpose–the enrichment of the private companies that serve the military/security complex. These companies, along with those on Wall Street elect the U.S. government.

The military brass warns of cutting any of the billions of aid to Israel and Egypt, two functionaries for its Middle East “policy.”
But what are “our” global security responsibilities? Today the answer is that we will be murdered in our airplanes, train stations, and shopping centers by “Muslim terrorists” and by a newly created imaginary threat–”domestic extremists,” that is, war protesters and environmentalists.
The U.S. military/security complex is capable of creating any number of false flag events in order to make these threats seem real to a public whose intelligence is limited to TV, shopping mall Burning-dollarsexperiences, and football games.

DollarhourglassSo Americans are stuck with enormous budget deficits that the Federal Reserve must finance by printing new money, that sooner or later will destroy the purchasing power of the dollar and its role as world reserve currency. When the dollar goes, American power goes. For the ruling oligarchies, the question is: how to save their power. Their answer is: make the people pay.

The American Dream: In 1986, the U.S. national debt was around 2 trillion dollars.  Today, it is rapidly approaching 14 trillion dollars.

The Guardian 28 Dec. 2010: On a conservative estimate, a third of the world’s wealth is held offshore, with 80% of international banking transactions taking place there. It is not hard to see how impossible a task it is for government to function in these circumstances, and it explains why governments have little option but to bend to the demands of corporate and financial power. Unless they do, corporations and banks just move to the next square on the chequer board of their offshore game, and the national fisc suffers.

Forbes Magazine 19 July 2010: The majority of offshore wealth is managed by 50 banks. As of September 2009 these banks accounted for $10.8 trillion of offshore assets–72% of the industry’s total. The busiest 10 of them manage 40%.

The real problem is a global industry of pirate banking, made possible by the best lawyers, accountants and lobbyists money can buy. When you hear “tax haven,” you shouldn’t think of the Cayman Islands. Instead, picture institutions like JPMorgan Chase, UBS, Credit Suisse, Citigroup, Morgan Stanley, HSBC, Deutsche Bank, Barclays, Bank of America, Joseph-deissBNP Paribas, Pictet & Cie, Goldman Sachs  and ABN AMRO. They are based in New York City, London, Amsterdam, Zurich, Geneva, Frankfurt and Paris. They fall firmly under the jurisdiction of First World governmental agencies.

Comment
What was started with the financial crisis in 2008 is by far not over. It all seems to be a planned march towards worldwide economic collapse, attacks on both the dollar and the euro, to create the IMF world currency, the SDRs being reinforced and the Bancor being introduced as will be seen below. The bankster elitists put it this way: “Order out of chaos” – but first make chaos.
UN News Centre 1 March 2011 The United Nations and its General Assembly have a central role to play in shaping a global governance structure that is efficient, open and representative, the President of the 192-member Assembly, Swiss Joseph Deiss, said today – i.a. by strengthening the UN’s Talfahrt-des-euro2economic bodies, in particular the Economic and Social Council (ECOSOC).

March 23, 2011 Media& Business Institute: “Two years ago, George Soros (Rothschild agent) said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start. On April 8, a group he’s funded with $50 million is holding a major economic conference and Soros’s goal for such an event is to “establish new international rules” and “reform the currency system.” It’s all according to a plan laid out in a Nov. 4, 2009, When he called for a new Bretton Woods in 2009, Soros wanted it to “reconstitute the International Monetary Fund,” and while he’s at it, restructure the United Nations, a system where America isn’t so dominant, boosting China and other countries incl. the EU at our expense.”  This is all easy to do when you have the reach of George Soros who funds more than 1,200 organizations.”

Right: Decline of the Euro

Activist Post 31 March 2011: Sarkozy called on the G20 to agree on a timetable for widening a basket of currencies determining the value of the SDR, which now only includes the dollar, euro, yen and pound.” Robert Mundell (Father of the euro - who declared the euro was just to be an intermediary to the world currency) agreed and US Treasurer Tim Geithner, echoed him. Business & Media Institute 20 Apr. 2011: The five BRICS nations - Brazil, Russia, India, China and new member South Africa - had their third summit meeting one week after Soros held his. Unsurprisingly, the themes were similar, with BRICS nations calling ‘for a restructuring of the World War II-era global financial system and an eventual end to the long reign of the U.S. dollar as the world’s reserve currency.

This is the communist New World Order at work. Considering its further subversive, covert, violent illegal and dictatorial methods to promote its one world governance, you might also call it the biggest conspiration against mankind ever.