In the last post we took a long hard look at our current financial system. Many problems with this system were uncovered and many things about this system should be addressed. Special Thanks to Mike Maloney! Now I want to look at some of the predictions that gold and silver people are making and I want to compare them with dinar predictions made by gurus.
In the last post we looked at video 4 of Mike Maloney’s video series called Hidden Secrets of Money. As I said earlier, I have nothing but the greatest respect for mr. Maloney. I may disagree with him on certain things, but I think he is doing a good service by exposing the corrupted system. Now I would like to take a look at video 3. Check it out!
Death of The Dollar Standard
Now that you have seen this video let me say that there are many parts I disagree with. I won’t be able to go into detail on everything in this one blog post, but I will try to cover the important points. I disagree with Mr Maloney on a few of his death nail dollar events, so I will start there.
1. Nixon takes us off the gold standard. This is not a dollar death nail. Nixon never removed us from the gold standard. FDR did this after the he got into office. Google it if you don’t believe me. Nixon removed us from something called Bretton Woods. If Nixon did not do this then the dollar would surely die and it would have died quickly. President Nixon really had no choice. After we were removed from the Bretton woods system in 1971, the Nixon administration sets up the Petro-Dollar System which actually had the effect of prolonging the dollar’s life span.
Mike says that a monetary system stays in effect and has a life span of 30 to 40 years. He is right on this point. Our current system has been around since august of 1971. Our current system is about 44 years old and it is still pretty strong. The Petro-Dollar is one reason why this global system is still strong.
2. Iraq sells oil using euros. Yes it is true that Iraq switched to selling oil in euros sometime back around 2000-2001. The reason for this was due to the fact that Iraq has been under sanctions for many years and it could not get access to the international trade it needed. We are left with the impression that Iraq sells it’s oil in euros because it wanted to leave a collapsing dollar.
The Truth of the matter is when the United States Invaded Iraq in 2003 they switch back to selling oil in dollars. It is also important to note that almost all of Iraq’s reserves that are used to back the dinar are U.S. dollars. In addition to this the dollar is in circulation in Iraq along with the dinar. The people of Iraq conduct exchange using the dollar! This is hardly a death nail. Iraq has two currencies that the people use. One is the dinar and the other is the dollar. The people of Iraq prefer the dollar. The American troops left Iraq by the end of 2012 and today Iraq still sells it’s oil in dollars. Iraq is not trying to use something other than the dollar!
Iraq is not the only nation to do this. Several countries around the world allow its citizens to use the dollar in addition to their own currency as a means of exchange!
So this is not simply a matter of the dollar being used as a reserve or that the dollar is used exclusively to buy oil. The dollar is also used as a monetary unit and a medium of exchange not only by countries, but by people all around the world!
3. Many of the nails that are attributed to Iran have the same problems. Iran has been under sanctions for sometime which explains a lot of what they have done. The sanctions are a direct result of their nuclear program. I will comment more on that in another post.
Iran has just recently smuggled 1 billion worth of U.S. bank notes into its country through Turkey. This hardly sounds like death nails to the U.S.dollar to me.This article is dated Feb 2015
These sources said at least $1 billion in US bank notes had been smuggled into Iran in recent months, with the Iranian central bank playing an important role. Three Western diplomatic sources and three Iranian government officials, who all declined to be identified citing the sensitivity of the issue, said Tehran had been working on ways to obtain dollars since March last year.
Iranian and Western diplomatic sources said as much as $500 million in cash was funneled to Iran through traders in Iraq. An Iraqi government financial adviser told Reuters that Iraq was a major source of dollars for Iran, but the Iraqi government had this year begun to restrict the central bank’s dollar sales to private banks and traders in an attempt to control the flow of dollars out of the country.
The sanctions placed upon Iran has created a dollar shortage. Iran had to do some of those so-called death nails because it does not have enough dollars to begin with. It is also important to note that Iraq has been spending some of its reserve currency. I was under the impression that the currency was being spent on government operations. Now I am finding out that some of that money ended up in Iran. That is interesting to say the least!
4. Another death nail to the dollar seems to be that china is buying gold. I am going to share the same link I used in the original Crockaganda post, here it is
If using a Wikipedia link bothers you just scroll to the bottom and look at the links where they are getting their data. Click on those links to access all the official sites and get the exact same data. I say this because I get email and some comments from people who don’t like using Wikipedia as a source for anything. Not even general knowledge.
So like I said, if that bothers you click on the many links at the bottom of the Wikipedia page and get your data that way. Now lets look at the numbers. This is the total gold supply and the number is 171,300 tonnes
|Share of total
world gold holdings
|Investment (bars, coins)||33,000||19.26%|
Notice that the total gold supply is 171,300 tons. Out of that only 17.2 percent is in central banks backing currency. This amounts to 29,500 tonnes. Also notice that 20,800 Tonnes is used for industrial purposes. That’s right, gold is used in industry. It is used in the manufacturing of electronics. China has been buying a lot of gold and they have been buying a lot of silver. The reason for this is because China is now the number one manufacture in the world. They need these metals for industry. Electronics require gold and silver. That is why china is buying the stuff. This is a lot different then claiming that China is buying gold for their reserves! The fact of the matter is China’s gold reserves that are used to back their currency have not adjusted!
But…..Shhhhhhhhhh. It’s a secret….CHINA IS BUYING GOLD
That’s no secret! In 2013, the country of China produced 420 tonnes of gold and consumed 840 tonnes thus importing 420 tonnes. All this gold went to industrial use. If you scroll up on the Wikipedia link you will discover that China still only has 1,054.1 Tonnes of gold in their reserves and this accounts for only 1 percent of china’s reserves. The rest of china’s wealth is paper. In fact, most of the wealth associated with the BRICS nations are again paper. U.S. dollars to the tune of about 4 trillion back the BRICS Nations currency!
Later Mr. Maloney stated that maybe one day we will see a gold backed renminbi. That would be a neat trick considering the fact that China has over 120 trillion Yuan in circulation! Compare that to the U.S. dollar which is 11.5 trillion! Even if you want to say the U.S. dollar is double that figure China still has over 5 times as much renminbi/yuan in circulation!
5. Mr. Maloney stated that if you use the dollar in Zambia you can get thrown in Jail and he is right.
The truth is that people refuse to use their own country’s currency because they don’t trust it. When someone makes a major purchase in Zambia today they pay all cash and they don’t use local cash. They pay in U.S. dollars! People use the U.S. dollar in Zambia because the kwacha is a terrible currency! Now using the U.S. dollar has become illegal because they are trying to force their citizens to use their currency. It is not because the U.S. dollar is weakening! It is because the U.S. dollar is too strong! They outlaw its use! Here is yet another analysis
6. Another nail in the dollar standard’s coffin seems to be that Ecuador repatriated its gold. In fact several nails seem to be related to repatriation. This again is true, but it is not the whole story.
Gold repatriation refers to the plans from various governments to bring back their gold. This gold originally belongs to them but it is stored outside their home country. Much of this gold is stored at the Federal Reserve. This does not change the global numbers for gold. These countries started asking for their gold back as a result of the 2008 melt down.
Mike mentions Ecuador repatriation. Ecuador removed their currency from circulation in 2000. Since that time the U.S. dollar has been the only currency in circulation in Ecuador. The same is true for Zimbabwe’s dollar. Hyper-inflation destroyed Zimbabwe and they only use the U.S. dollar. The Government officials in Ecuador say that there are no plans to replace the dollar. This is because the dollar has been the only thing to provide stability in the region. People will need to trust Ecuador’s currency before they stop using the dollar. Given its history that is not likely to happen anytime soon.
Basically these countries are getting gold back which already belongs to them in the first place. They are not getting more gold! It is simply not being stored in America anymore. This should have happened after Bretten Woods ended! I don’t think I would personally make the claim that these are death nails to the dollar standard. I think that is reaching a bit, but it certainly is worthy of observation.
By the way, there are other countries that use the dollar as their official currency because they don’t have a stable currency of their own. Their citizens use the dollar for exchange. Some of these countries are Bahamas, Belize (Belize dollar always = 50¢ US) Bermuda, Cambodia, (official currency in major cities) Cayman Islands, (Cayman dollar always = $1.20 US) East Timor, Federated States of Micronesia, (South Pacific) Marshall Islands, Organization of Eastern Caribbean States, (OECS dollar always = 37¢ US) Palau, and Panama.
7. Mike Mentions a new SUCRE System to replace the SWIFT system. He makes a point to say that Iran was banned from using the SWIFT System when they tried to sell oil in euros. He says that other countries are developing a new system called SUCRE. Here is more information on the SUCRE system and SUCRE currency that mike mentions,
SUCRE is set up to be a regional currency like the euro and will possibly have its own medium of exchange. If it is successful it will be a regional currency in Latin America much like the euro. I find it highly unlikely that Iran will use a Latin American system to conduct oil sales. Especially if those Latin American countries are competing with Iran for the same oil sales! But you never know, anything can happen. Even though SUCRE is in its Infant stages it may become a viable system. I highly doubt that it will replace the SWIFT system that the global economy now uses. At the very least that won’t happen anytime in the near future.
Other Points In The Video
There are many other points in this video I would like to address, but I simply don’t have the time or the space in one blog post. My reason for talking about the points made for gold is due to the fact that dinar gurus claim the dollar is weak and it is getting weaker! Now gurus make the claim that their must be a new financial system on the horizon. This will result in a Global Currency Reset. The claim is the dollar will be weaker and the dinar will be stronger.
For evidence to prove their point they are robbing all the talking points from gold and silver merchants and presenting that as their evidence of a revalue in an effort to sell more dinar! The real problem here is if the dollar were ever to really collapse as they claim, then many countries around the world would be in big trouble including The BRICS Nations and Iraq. The Euro would soon follow and every other currency would collapse as a result.
The Dollar Is Strong
It is true that gold surged after 2008. This was due to the uncertainty in the dollar. Mike Maloney is right! When people lose faith in the dollar they go running to gold every time. Something unexpected happened after the global meltdown of 2008. The dollar actually strengthened. Everyone was afraid that the dollar would weaken but it got stronger in spite of Q.E. The other point is that there are really no good alternatives to the dollar.
The truth is…..
The dollar had its best year in over a decade in 2014
Even in spite of a stronger dollar and in spite of all the evidence we are constantly hearing about a new monetary system, or a coming dollar crash. We are constantly being told that a global currency reset will happen overnight! We are constantly being told by these dinar gurus how weak the dollar is and how great the dinar is. We are constantly being bombarded with propaganda and a crock of… well you know! lets just say Crockaganda
Let’s be clear, I am not accusing Mike Maloney of propaganda. In fact even though our opinions are slightly different on smaller matters our main viewpoint is not that far apart. I actually have silver and I actually have gold, I plan on buying a little more over time. My accusations are directed to the dinar gurus that rob his talking points and claim that 89 to 91 trillion dinar are magically going to revalue to a new value greater than the global economic system itself! They take some truth and mix it with their lies. This is absurd! It is high time these gurus stop professing that the dinar will gain value due to a coming global currency reset!
All the information in this post can be found in my book, The Truth About The Coming Global Currency Reset
You see in end Mike Maloney is right. This current economic system cannot possibly be sustained over time. One day it will all come crashing down as our politicians continue to kick the can down the road. It could very well be that this system will be replaced before that happens. either way gold may surge again in the process. Gold or silver is an asset that should be in your portfolio and right now it is cheap to acquire.
Where mr. Maloney and I part ways is our belief in the time frame for all this to happen. Mike thinks we are going to get a new monetary system very soon. His time frame is before this decade is out. This would mean in the next 5 years. I believe it is further down the road. I think the dollar has at the very minimum another 10 years. and at the max 30 to 40 years. What gold will do in the meantime is anyone’s guess.
Of course a lot of factors could change this. War or an unraveling of our relations with allies like Israel may speed up the process as even more money will be printed and used for defense.
In the last part of the video there was a discussion about a new economic system. What will it look like? How will it be structured? Well this is just a guess on my part, but it may look something like this
The second beast was given power to give breath to the image of the first beast, so that the image could speak and cause all who refused to worship the image to be killed. It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man.That number is 666. -Revelation 13:15-18 NIV
2 thoughts on “Crockaganda Returns”
Great job as usual in reporting the truth!
Good job Marcus….And the key to your bible text Rev 13,15-18 can be found in the bible if we let it
interpret itself.You find in Rev 17 verse 15 the birth of the second beast and what the word beast
represents in bible prophecy.We can then trace by history who the second beast power is today and who the first beast power is .We see the second beast power makes and image to the first and causes all who do not worship the first to be killed!!
KEY…what would the significance be in the second beast coming out of the earth in Rev 17 v 15?
This nation arises “out of the earth” instead of out of the water as did the other nations mentioned in Daniel and Revelation. We know from Revelation that water symbolizes areas of the world that have a large population. “The waters which thou sawest, where the whore sitteth, are peoples, and multitudes, and nations, and tongues.” Revelation 17:15. Therefore, the earth represents the opposite. It means that this new nation would arise in an area of the world that had been virtually unpopulated before the late 1700s. It could not arise among the crowded and struggling nations of the Old World. It had to come up in a sparsely populated continent.
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