Oh Crap. We're Screwed: "Petro Dollar" [YouTube]

[ronpaulfan]

Posted by stodles (http://www.youtube.com/user/stodles)



http://i.ytimg.com/vi/fzF_4W1AIEo/default.jpg
Petro Dollar
(http://www.youtube.com/watch?v=fzF_4W1AIEo)


The video ends with strong Ron Paul support.

[frasu]

good find

[luvthedoc08]

wow awesome vid, bump

[yaz]

awesome video

[ronpaulfan]

If this is true. The last 7 years actually make sense (my only other explanation involved Reptoids :o)

[cheese]

speechless...

[smartguy911]

wtf 2012 :-(...

[greendiseaser]

The Bond problem he mentions is going to be HUGE as well.
There are METRIC SH!T TON of bonds in issuance from the 1980s that are reaching maturity now ...

as those people cash in, they in essence take dollars back IN TO CIRCULATION, PLUS new dollars to account for the interest! That affect on our currency alone will be pretty severe.
Not to mention all the problems with oil backed currency.

This video is money.
HARD currency, that is.
;)

[thechitowncubs]

The Bond problem he mentions is going to be HUGE as well.
There are METRIC SH!T TON of bonds in issuance from the 1980s at are reaching maturity now ...

as those people cash in, they in essence take dollar back IN TO CIRCULATION, PLUS new dollars to account for the interest! That affect on our currency alone will be pretty severe.
Not to mention all the problems with oil backed currency.

This video is money.
HARD currency, that is.
;)

Can you tell me where you get info about the bond crisis... I've been wanting to learn but don't know what to start reading.

[weatherbill]

excellent find.....you can also goole video search "john perkins confessions of an economic hitman" as well and get it strait from the horses mouth.......

the best move is to buy gold, and especially silver...... banks don't have to buy silver, but gold and if a crash comes, you can bet the banks are going to trade in their dollars for gold or other currencies........just an incredible time of wealth transfer that is coming........good luck and one of the best moves is to buy some rural land and be safe some from the chaos of the cities if there is bad crash coming.

[priest_of_syrinx]

I've never heard it explained so clearly! Thanks for finding this.

[fearthereaperx]

nice find

[luvthedoc08]

bump

[ronpaulfan]

If we don't get Ron Paul elected. We will be facing WWIII.....if we aren't already

[Myerz]

Gold!

[N13]

Great video. That's my area and this film lays it out quite nicely.

BTW: Iran, Saudi Arabia, and Russsia want to drop the dollar and switch to Eruos for oil trading. That is not funny. This is a crisis of epic proportions. The number one, unpublished reason for the Iraq war is that Sadam wanted to go to Euros.

Keep your eyes and ears open for related stories. Example: There have been some mysterious cuts in underwater cables in the middle east recently. This disruption interferes with the banking world over there.

House of Cards

[kyleAF]

source of these underwater cable cuts, please???

I've seen that mentioned twice now, and I haven't heard anything about it.

I have been following the proposed oil bourse though.

[N13]

Underwater Cable cuts in the Middle East:

http://ukpress.google.com/article/ALeqM5hTi5wNwTD66nvWdTAQw20SaFI_GQ

http://ukpress.google.com/article/ALeqM5h23fGk7I9m4Fa2MH6W7X7DbN-rJg

http://economictimes.indiatimes.com/Infotech/Internet_/Hydra-headed_nature_helps_Net_rebound_after_cable_cut/articleshow/2753865.cms

http://www.abc.net.au/news/stories/2008/02/02/2152751.htm?section=justin

http://www.cnn.com/2008/WORLD/meast/02/01/internet.outage/?iref=hpmostpop

[Mr. White]

I was feeling good about the video until I glanced at the fellow's profile and other videos. Doesn't detract from the video you mentioned... but...sigh.

[Crickett]

source of these underwater cable cuts, please???

I've seen that mentioned twice now, and I haven't heard anything about it.

I have been following the proposed oil bourse though.

You will not find out unless u look for it and it is VERY horrid what is going on right now in the middle east. Iraq has been cut off from the rest of the world by these cable cuts..and then all of a sudden theor info was being routed through first Britain and then the US, from what I heard on daily paul.

[OhioMichael]

If the 'petro currency turns into the euro, I don't think that this will be an overwhelming catastrophe our economy. Do you think that those who really control the country would allow their fortunes to be lost? If the dollar tanks, a new more 'stable' currency has to emerge.

This is why I fear the 'Amero'. A North American currency will allow business to continue in spite of a failing dollar. It could freeze its value to the current dollar, and allow for an easy conversion.

This will certainly cause the real value of American wages to decrease slightly, but our 'standard of living' will still be high. The disgusting consequence is that our individual rights are being transfered to world government.

We are reaching a defining moment in history. Money is to be openly controlled at the world level and he who controls the money controls the people. It is time to decide. Will it be a socialist world government or will we the people stand true to our traditions and secure the blessings of liberty to ourselves?

[gerryb]

excellent find.....you can also goole video search "john perkins confessions of an economic hitman" as well and get it strait from the horses mouth.......

the best move is to buy gold, and especially silver...... banks don't have to buy silver, but gold and if a crash comes, you can bet the banks are going to trade in their dollars for gold or other currencies........just an incredible time of wealth transfer that is coming........good luck and one of the best moves is to buy some rural land and be safe some from the chaos of the cities if there is bad crash coming.

What gives you the impression banks will buy gold? That is the very LAST thing they would do.

Last year, banks SOLD tons (in a literal sense) of gold.

[N13]

If the 'petro currency turns into the euro, I don't think that this will be an overwhelming catastrophe our economy.

Consider how cheap it will be for foreign interests to buy everything american, our corporations, banks, land, companies, etc...everything and for "pennies on the dollar."

Besides that, the huge increase in our money supply (when dollars are no longer needed to supply a currency for oil trading) will lead to massive inflation.

The value of the dollar will fall off a cliff.

The US will lose its super power status in the world economically. The only advantage we will have over the world is our military and nukes. We will be the world's THUG and we should start charging for it (just call it protection money).

[ronpaulfan]

bump

[OhioMichael]

Consider how cheap it will be for foreign interests to buy everything american, our corporations, banks, land, companies, etc...everything and for "pennies on the dollar."

Besides that, the huge increase in our money supply (when dollars are no longer needed to supply a currency for oil trading) will lead to massive inflation.

The value of the dollar will fall off a cliff.

The US will lose its super power status in the world economically. The only advantage we will have over the world is our military and nukes. We will be the world's THUG and we should start charging for it (just call it protection money).

Economic interests in this country are a major/dominant force in every part of the world and they will not stand to lose value overnight. Also, we will not be able to fight a war with the E.U. The only way to save the assets of our elite when the dollar collapses is a currency conversion. A North American or world currency will be the only option and we will have to accept it if we do not change things now.

[Patrick Henry]

Posted by stodles (http://www.youtube.com/user/stodles)



http://i.ytimg.com/vi/fzF_4W1AIEo/default.jpg
Petro Dollar
(http://www.youtube.com/watch?v=fzF_4W1AIEo)


The video ends with strong Ron Paul support.

Placemark

[affa]

Do you think that those who really control the country would allow their fortunes to be lost?

I don't necessarily disagree with your statement nor the other part of your post, but I will point out a single word: diversification. There is no reason a multi-millionaire would lose money in a crash. In fact, if they moved out of the dollar beforehand, then swooped back in when everything was crashed, they could make a killing much like in the aftermath of the Great Depression.

That said, I am not an economist.

[OhioMichael]

I don't necessarily disagree with your statement nor the other part of your post, but I will point out a single word: diversification. There is no reason a multi-millionaire would lose money in a crash. In fact, if they moved out of the dollar beforehand, then swooped back in when everything was crashed, they could make a killing much like in the aftermath of the Great Depression.

That said, I am not an economist.

That is a good point, but I think that there is a distinction that needs to be made. One who has dollars can diversify and re-enter the market. When multinational corporations globally use the dollar to trade in, the value of company deflates with the dollar.

http://www.businessweek.com/globalbiz/content/jan2008/gb20080111_260401.htm?campaign_id=rss_daily_bulgar ia]
Rolls Royce (http://www.businessweek.com/globalbiz/content/jan2008/gb20080111_260401.htm?campaign_id=rss_daily_bulgar ia) is a prime example of a corporation who has lost because of the weakened dollar. These companies may diversify sparingly to other currencies, but the base continues to be the dollar. These interests will not allow their assets to be devalued. This is one of the main reasons that the dollar has remained relatively strong. Just look at corporate interests in our invasion of Iraq.

A currency conversion, whether to a world currency (ie. the euro) or a regional currency (amero) will allow these corporations to keep power.

[RSLudlum]

Has anybody asked any economists if this info is valid?

[Mark]

Great video. That's my area and this film lays it out quite nicely.

BTW: Iran, Saudi Arabia, and Russsia want to drop the dollar and switch to Eruos for oil trading. That is not funny. This is a crisis of epic proportions. The number one, unpublished reason for the Iraq war is that Sadam wanted to go to Euros.

Keep your eyes and ears open for related stories. Example: There have been some mysterious cuts in underwater cables in the middle east recently. This disruption interferes with the banking world over there.

House of Cards

I found this vid and posted it on youtube - The Chinese Secret Societies know what's up - and you'll see a quick shot of a Ninja in the vid.

I think a reason we haven't gone to war in Iran because of the Iranian oil bourse (http://en.wikipedia.org/wiki/Iranian_Oil_Bourse)is because
the Societies have threatened the Neo-Cons if they start the war.

There may be Neo-Cons dying everywhere if a war is started because the Societies won't just sit idly by this time.


The Iraq War is About the Dollar (http://www.youtube.com/watch?v=QVqkKN3HJJ0) - 3:49

http://www.youtube.com/watch?v=QVqkKN3HJJ0

[fearthereaperx]

Cheney invested 25 million in Euro Bonds right before he took office. hefty profit, how did he know? what a smart guy;)

[Mark]

If the 'petro currency turns into the euro, I don't think that this will be an overwhelming catastrophe our economy. Do you think that those who really control the country would allow their fortunes to be lost? If the dollar tanks, a new more 'stable' currency has to emerge.

This is why I fear the 'Amero'. A North American currency will allow business to continue in spite of a failing dollar. It could freeze its value to the current dollar, and allow for an easy conversion.

This will certainly cause the real value of American wages to decrease slightly, but our 'standard of living' will still be high. The disgusting consequence is that our individual rights are being transfered to world government.

We are reaching a defining moment in history. Money is to be openly controlled at the world level and he who controls the money controls the people. It is time to decide. Will it be a socialist world government or will we the people stand true to our traditions and secure the blessings of liberty to ourselves?

Could be why they are fighting SO hard to keep Ron from educating everyone about what's up.

All of this is on purpose. "A New World Order" ring a bell anyone? Bush senior?

[Arklatex]

bump

[Ronin]

We've been following the cut cables in the below thread for the last few days. Some good discussion.

http://www.ronpaulforums.com/showthread.php?t=108494

[N13]

bump

[ronpaulfan]

bump

[dblee]

This is not a waterproof theory by a long shot, but notice how the price of oil fell sharply following dire economic news and Bush's concurrent visit to Saudi Arabia. Coincidence? Perhaps.

[dblee]

BTW Ohio Michael, I've held that theory for a while. It's only a theory, I have no proof. But I think the dollar is being intentionally eroded so they have a good reason to spring the Amero on us as a saving grace.

[ronpaulfan]

bump

[ronpaulfan]

bump