Friday, October 31, 2008

PetroDollar ends???

With the blow on Twin Towers, USA attacked Iraq and Afghanistan to find out Terror head, Osama-bin-Laden, but ended up with just eradication of Taliban and Hang-till-death punishment to Saddam Hussain..

Years later, Talibanese have again regained their power over Afghanistan (this time there is no US help who demonstrated destruction as a national cause to restore peace in Afghanistan).
Also Saddam Hussain being in no fault was hanged, although people remember him as an Autocrat who used to rule the people of Iraq and used to regulate his policies whether or not ir was in interest of common man.

Coming on to the main point of discussion-> What is PetroDollar??
People do not realize the real reason for Iraq war and the current war threat against Iran by USA. We cant call it against Terrorism nor illegal use of nuclear weapons or chemicals nor even the oil. USA has been doing the same from late 70's and all other countries just be-fooled by this intelligence started supporting USA making it strongest economy for no real reason.

USA has been trying to protect and prop up the greatest con-job in recent history, its THE US PETRODOLLAR SCAM.

Back in 19771 when economies world wide were emerging and US was no doubt the fastest to grow, the USA printed and spent far more paper money then it cover to buy gold.
Few years later, French demanded redemption of its paper-dollar holdings in gold. But the USA rejected as it actually didn't have enough gold for the dollars it had already printed and spent all over the world, thus committing an act of bankruptcy.
Seeing the future economy leading to starvation US started to make humble relations with Saudis for sole motive to promote its Dollar. Saudis and US cut a deal – OPEC denominate all sales of oil in US dollars.

From that point, every nation that needed to buy oil had to firstly hold US dollars, which meant that they exchanged their goods and services for dollars, which the Americans just printed. This lead to increase in demand of US$ in the global economy making US economy strong and stable.

The Americans brought their oil literally for free by printing those dollars. The ultimate free lunch for the Americans at the expense of the rest of the world.

Howerver many were against this scam but didn’t have enough power and resources to resist it until late 1990s.

Saddam Hussain understood the situation and started selling Iraq's oil directly for Euro, abrogating the cozy arrangement the Americans had with OPEC. Thus Saddam had to be stopped. How? This has been clear to u by now!!

USA concocted up a pretext to wage war (drama of twin tower blast) and invade Iraq and the first thing the Americans did was to revert sales of oil back to dollars. The currency crisis was averted for the moment. After Saddam's arrest price of Oil in locale increased by nearly 2000% and the market was full of American products, those sold at highest prices than in any other country. But Asian countries still were not getting the point and supported US blindly.

Hugo Chavez (Venezuela President) also started selling Venezuelan oil for currencies other than dollars, so there were a number of attempts on his life and "regime change", traceable right back to the CIA. The petrodollar cat was out of the bag and busted.

Iran President (Ahmedinejad), watching all of this, decided to kick The Great Satan in the goalies and do the same thing - sell oil for every currency EXCEPT US dollars. This decreased the demand of dollar in global market leading to weakening of US$.

The shell game is coming to an end for the Americans. As the nations of the world find that they can buy oil for their own currencies instead of holding paper US dollars, more OPEC nations will abandon the dollar. The worst thing for the Americans is that eventually, they will also have to buy their oil with Euro or Rubles instead of just printing paper money to get it. That will be the end of the American Empire, the end of funding for the US military and the destruction of the US economy. The great scam is coming to an end and there's not a lot that the USA can do about it, except start another world war!!!

Wait and Watch… Only few years/months ahead.......................

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