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by Peter B. Meyer
May 13, 2023
from
FinalWakeupCall Website
When credit money fails
your slavery ends...
Petrodollar system is broken
The economic law of fair exchange, demands only things of real value
as currency and cannot be revoked.
Today's chaos is the result of
more than 50 years of experimentation with global fiat money and
demands a return to money of real value...
That day is now approaching as oil-producing countries demand gold,
or its equivalent, for their oil, instead of Dollars or Euros.
Think about it:
What is the incentive to keep pricing oil in dollars
and hold large dollar reserves, if the US is no longer your biggest
customer?
"The petrodollar
system is broken, now that oil is no longer paid in dollars
internationally, that is essentially the death knell for the
US dollar as a reserve currency.
This means the US
can no longer borrow with 'exorbitant privileges', and it
means the US Treasury market is heading for an
out-of-control interest rate spiral."
"According to experts, there is some $15-20 trillion in currency
held by the Middle East, much of it in 'paper' dollars.
How long
will they want to keep all those dollars lying around?"
Especially when Asia and Pacific countries now account for more than
a third of global oil consumption and the US only 20%.
Meanwhile,
the world's biggest oil importer, China, has already taken that
crown away from the US some eight years ago.
This severely
undermines the petrodollar.
In recent years, China has made agreements with many of its trading
partners to do business in each other's currencies.
...they have all made currency swaps and other
arrangements to circumvent the US dollar.
Major paradigm shift
The world is now in the global monetary system about to undergo, a
huge paradigm shift, and hardly anyone is aware of it.
Many business
people are planning and spending capital as if the world is not in
recession.
The people are spending little and saving whenever possible.
But,
investors continue to invest as if everything is perfectly fine.
Many are struggling to find the truth about the global economy,
which is in debt like never before.
The world is so deeply in debt that these figures are mind-boggling
to humanity.
Trillions of dollars/euros of capital may be lost as a
result and the world will end up in something that will be written
about for centuries to come.
And, called the darkest periods in
human history, under the title Gigantic Fiat Money Collapse.
And yet, not one in a hundred people is aware of this, or even
thinks it is possible...
Those who are aware, and who have internationalized their wealth and
keep most of it in hard assets like precious metals, which are
outside the financial system, preferably even outside their own
countries, stand the best chance of successfully surviving the
coming changes.
The days of the mighty "petrodollar" are numbered, and the "exorbitant privilege" or, economic windfall that America has
enjoyed as the issuer of the world's reserve currency is now coming
to an end due to their arrogance, meddling and war interventions.
When US and EU politicians began
economic sanctions against
Russia,
they probably never imagined the serious consequences for the US and
the EU.
But now Russian media report that the Russian finance
ministry has pulled the trigger on its "de-dollarization plan".
For decades, virtually all oil and natural gas worldwide has been
bought and sold at US dollars.
Turn off your television
Never before has it been so important to turn off your television,
do your own research and take your financial affairs into your own
hands.
"All major central
banks are printing staggering amounts of money. There is an
artificial ocean of liquidity and it has to end at some point.
When that happens, it
will be very difficult."
The banking system is a
fantastic business:
In other words, they are
lending 'money' that they do not have and that does not
exist,
correctly called - credit money - while charging and collecting
interest on it.
Loans are not booked, so every repayment and interest payment is
100% profit. In case of bankruptcy of the borrower, there is no
loss!
Another source of income is inflation to continuously steal
money from the people.
There are two kinds of money in circulation:
-
the first is the money
based on energy, the work or intellect of people, called energy
money which is valuable because of the energy input...
-
the second
kind is credit money created by
the bankers out of nothing, without
any value!
The committed fraud by the banks is the
equalization of
both types, enabling them to rob people bear.
To summarize:
The unsecured money system is our slave chain.
The people are not
allowed to become prosperous under any circumstances because then
the oppression and docility will no longer work.
So it is
deliberately kept in poverty by sucking off all surplus earnings
from labour and intellect to flow into the pockets of the cabal.
Among other things, illegal taxes, nonsensical measures and
inflation make this possible.
Like, for example,
this hoax:
That the US, with its oil fracking, has enough oil for the future,
and will recover on that basis...
But oil fracking is fraud, it is
pure misallocation of capital to produce nothing, it is a hoax,
based on Junk Economics...
Quantitative easing
In the depression of the 1930s, it was the money supply that
counted, but after Nixon abolished gold hedging for the US dollar in
1972, he turned the "real money" system into a 'credit money'
system.
So now it is not the money supply that matters, but the
'credit' supply.
As long as credit increases at a healthy rate of
<2% or more, which basically is inflation, more precisely "theft",
markets and GDP go up.
If credit does not rise, expect a recession and a bear market.
The
idea behind increasing the money supply means more credit money, but
because there was no market for it, it was called Quantitative Easing
(QE), a worthless tool, because this QE did not create more lending
capacity.
"QE does not create new borrowing capacity. To explain it as simply
as possible; Reserves are bank assets. Lending is constrained by
capital.
QE shifts assets but does not change capital.
"If the FED
buys $2.6 trillion worth of Treasury securities from the
non-government sector, the non-government sector sells $2.6 trillion
worth of Treasury bonds to the FED.
"How can have the Feds 'injected' $2.6 trillion of liquidity into
the system?
"As the net effect is zero?
"So to say that a bank can go to Goldman and use that $2.6 trillion
as if it were something new is not correct. They could do that
before they used Treasury bills as collateral.
"The idea that
excess reserves indicate future hyperinflation is also absurd.
The assumption is
that the banking system will somehow 'lend out' those excess
reserves. That cannot happen. That is impossible. Banks cannot
lend out reserves. Full stop. It getting tiresome pointing that
out.
Even very smart
people are wrong…"
But,
"The
FED knows that credit has to increase or it will become a
depression.
And today, debt levels have risen so high that a
depression would be catastrophic. The disaster will be global, not
just in the US. Causing people to die...
"Because a depression in the US means tens of millions of maybe
hundreds of millions of people in China and Southeast Asia could
lose their jobs.
Companies go bankrupt.
Governments go bankrupt.
People living on the margins
- with no savings - will then quickly
become desperate and perhaps wake up? If not, civilization will not
survive.
That is why the FED
has to allow a real credit contraction anyway."
Conclusion:
The financial system is in a situation of many fingers
in the dike, but it is not possible to say in advance which finger
will be removed first that will cause the dike to collapse.
But at
least, it is more certain that the end of US dollar hegemony is in
sight.
The only questions at this moment are:
When will it end and when will the real panic begin?
Either way, the demise of the US dollar is a certainty.
It is expected, that gold will trade for 20 times or more its
current price. Count on it to happen. People need to own gold/silver
because the central planners are leading them to ruin.
Silver will also see extraordinary long-term gains. Copper will also
see fantastic profits, if they continue to modernize and invest in
infrastructure in both India and China.
The bottom line is that people will have to be patient for a while,
as the day approaches when the world will shift its attention to
gold, silver and other commodities.
Smart investors continue to buy physical gold and silver all the
time. Gold and silver are both undervalued, and more importantly,
they are money outside the banking system.
That means your money is
not at risk in a bank failure if you own gold stored outside the
banking system.
This article has analyzed the financial money system in
understandable language. It shows how humanity has been enslaved by
the money system. Not one in a hundred people has ever understood or
noticed this. Please be helpful in informing many others among us
about this.
Send this explanation to everyone you know, asking them
to read and understand how they are enslaved.
If many readers come to understand this, we can collectively free
ourselves from this chain of slavery that gags us.
Together we will be stronger to reject this money system and replace
it with a new value-based money system made available to us by our
Extraterrestrial brothers and sisters.
The wait is on us, others will not do it for us...!
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