Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Thursday, October 31, 2024

BRICS Will Not Kill the Dollar—War Will | Martin Armstrong

The BRICS currency was created for geopolitical reasons when the neocons transformed the SWIFT system into an economic weapon and even threatened China with the same fate if they supported Russia. Once this occurred, the neocons turned the entire world’s monetary system into a weapon of war. This is why we have BRICS; it had nothing to do with killing the dollar or backing their currency with gold.

 » All currency is fiat, even when it is gold. Just because a currency is
backed by gold does not eliminate inflation or deflation. «

Many hoped for an official announcement regarding a gold-backed currency, which failed to materialize. A gold-backed currency would be massively deflationary. The money supply could not expand with the population or in times of need without new discoveries. Just because a currency is backed by gold does not eliminate inflation or deflation. The gold discoveries of the 19th century in California, Alaska, and Australia caused significant economic upheaval, followed by wars. The fact that gold was the currency did not prevent inflation.

Spain defaulted seven times. The gold and silver they brought back from the New World led to massive inflation in Europe. Those who preach that a gold standard is the solution lack an understanding of history. They blame “fiat currency,” as if eliminating it will solve all problems. There were booms and busts throughout ancient times long before paper money existed. All currency is fiat, even when it is gold. I have shown that Southern India routinely imitated Roman gold coins because they held a premium over gold—this is fiat. Northern India and the Kushan Empire issued their own coinage primarily because they traded more with China. Southern India used imitation Roman gold coins for about 250 years, confirming that the Roman coinage was worth more than its metal content.
 
 » The purchasing power of gold fluctuated at all times. The value of a currency is determined 
by the productive capacity of its people, not by its gold reserves. «

Similar claims were made about the Euro, which also did not work out well. Why? The value of a currency is determined by the productive capacity of its people, not by its gold reserves. Japan and Germany lost the war yet rose to the top of the economic hierarchy because their populations were productive. The United States has the largest consumer-based economy, which means that everyone needs to sell their products here, requiring transactions in dollars. The US is also strong militarily, which further supports the currency's foundation.

It is time to abandon these outdated economic theories, remnants from the 18th and 19th centuries. The economy has evolved since then. The neocons are destroying the dollar and undermining the future of the United States. When we lose another one of their endless wars, financial capital will shift from New York to Beijing. Just as war diminished Britain, so will it diminish the dollar and the United States.


Wednesday, October 9, 2024

Budget Deficit Bullish for S&P 500 and Gold | Tom McClellan

The final stats are in for fiscal year 2024, and the federal debt in the U.S. grew by $2.297 trillion versus a year earlier, and as of September 30, 2024, the total debt stood at $35.465 trillion. 

 
[...] A rising debt load is a horrible thing, but it is a bullish thing. And trying to pay down the debt is a bearish thing. [...] And deficits are also really bullish for gold too.
 

Friday, August 23, 2024

The Central Bank of Libya under Muammar Gaddafi | Stephen M. Goodson

From 1551 to 1911 Libya was ruled by the Ottoman Empire, by Italy from 1911 to 1943 and from 1943 to 1951 was under the military suzerainty of Britain and France. The Central Bank of Libya was founded in 1956 and was run as a typical central bank until the bloodless coup d’etat of 1 September 1969. 
 
Mu’ammar Qathafi - A strict disciple of the Holy Q’uran, who abolished all forms of usury
and used the Central Bank of Libya for the sole benefit of the Libyan people.

Oil of an exceptionally high quality was discovered in 1959. However, King Idris al Mahdi as-Sanusi failed to capitalise on this bonanza or use it for the benefit of his people, and the bulk of the oil profits were siphoned into the coffers of the oil companies. On assuming power in 1969 Mu’ammar Muhammad al-Qathafi took control of most of the economic activities in the country, including the central bank, which for all practical purposes was run as a state bank. It operated as a banker of the local bankers and foreign bankers were not permitted to operate. Financing of government infrastructure did not atract riba (interest) and Libya had no national debt and no foreign debt. Its foreign exchange reserves exceeded $54 billion, which may be compared to reserves of developed countries such as the United Kingdom and Canada, which in 2010 were $50 billion and $40 billion respectively. GDP growth during the period 2000-10 was 4.32% per annum and the official figure for inflation was -0.27%.

 
Mass manifestation in support of Muammar Gaddafi in Tripoli,  July 1, 2011.

Colonel Qathafi was described by the mainstream media as being a “terrible dictator and a blood-sucking monster”, but the reality was that with the exception of the city of Benghazi and its environs, he had the support of 90% of the population. The following benefits provided by Qathafi explain why he was so popular:

   Free education. Free electricity. Free health care. Free housing (There were no mortgages).
  Students were paid the average salary for which subject they were studying.
  Students studying overseas were provided with accommodation, an automobile and €2,500 per annum.
   Newly-wed couples received a gift of 60,000 dinar ($50,000) from government.
  Automobiles were sold at factory cost free of interest.
  Private loans were provided free of interest.
   Bread cost 15 US cents per loaf. Gasoline cost 12 US cents per litre.
  Portion of profits from sale of oil was paid directly into bank accounts of citizens.
  Farmers received free land, seeds and animals.
  Full employment with those temporarily unemployed paid a full salary as if employed.

Qathafi’s Jamahariya “state of the masses” ensured that the wealth of this country of 5.79 million inhabitants was fairly distributed to all of its people. Beggars and homeless vagrants did not exist, while life expectancy at 75 years was the highest in Africa and 10% above the world average. The literacy rate was 82%. Regarding human rights Libya stood at 61 in the International Incarceration Index. The lower the rating, the lower the standing. The no.1 spot is currently occupied by the United States. Another major achievement, which Qathafi initiated was the conversion of the Nubian Sandstone Fossil Aquifer System into the Great Man-Made River, which supplies 6,500,000m³ of fresh water daily to the cities of Tripoli, Sirte and Benghazi. The extracted water is ten times cheaper than desalinated water. The total cost of the project, estimated at $25 billion was financed without a single foreign loan.
 
 
Although the central banks of Belarus, Burma, Cuba, Iran, North Korea, North Sudan and Syria do not fall under the direct control of the Rothschild banking syndicate, Libya had the only central bank run on genuine state banking lines, which exhibited the classic symptoms of full employment, zero inflation and a modern day workers’ paradise. The question arises as to why NATO intervened on the pretext of fabricated human rights abuses, the so called responsibility to protect. Since 1971 when the United States abandoned the gold exchange standard for the petrodollar with the connivance of Saudi Arabia, any attempt to displace the United States dollar as the premier reserve currency has been blocked and opposed with violence.
 
 Ezra Pound - 1943.
 
In November 2000 Saddam Hussein of Iraq decreed that all oil payments would in future be made in euros, as he did not wish to deal “in the currency of the enemy”. As has already been proven, the possession of weapons of mass destruction pretext was a deliberately concocted hoax and it was this currency decision, which cost Saddam Hussein his life and the destruction of his country. 
 
True, whether the quote is authentic or not.

In similar circumstances Qathafi announced in 2010 the creation of the gold dinar as a replacement for the settlement of all foreign transactions in a proposed region of over 200 million people. Libya at that time possessed 144 tons of gold. What was intended was not a return to the gold standard per se, but a new unit of account with oil exports and other resources being paid for in gold dinars. Qathafi crossed a red line and paid the ultimate price [he was assassinated by Western invasion forces in Sirte on October 20, 2011].

 The Truth About Libya - Stephen Mitford Goodson, 2011.

Since 2007 Iran has stipulated that payments be made in euro currency. On 17 February 2008 the Iranian Oil Bourse for trading in petroleum, petrochemicals and gas using primarily the euro, Iranian rial and a basket of non-US currencies was established. The first oil shipments under the new system were sold through this market in July 2011. This event must be deemed as one of the prime causes for the constant Israeli and American threats to annihilate Iran.


Quoted from:

 
See also:

Monday, August 19, 2024

Precious Metals Setting Up for a False Move? | Martin Armstrong

When we look at precious metals, one would expect this is the long-awaited breakout for gold. Yet there is something amiss. The Yearly Array still points to a Turning Point here: 2024 with a Directional Change. That would imply that we may be looking at an important high come Monday if we reach at least 2673, or making highs after Monday may lead to the final high on August 28th, which may be more likely. The major resistance stands at the 2800 level. However, the initial target resistance for this coming week stands at 2573, 2589, 2695, and 2705.

 

Platinum is not following gold and implies it may yet test support into 2025 before a rally unfolds. Note that we have a Directional Change here in 2024 as well. However, it appears to be a low forming in 2025 and a shift to the upside thereafter.
 
 

When we turn to the Silver/Gold Ratio, we see a Double-Directional Change in 2024. The Stochastic is starting to turn down, implying that gold may decline, but silver will gain on the ratio. This is pointing to a more sustainable bull market in the years ahead [...]

 

Before a sustainable bull market exists, there is always the FALSE MOVE; in this case, it looks to be shaping up to the downside. This may present an important buying opportunity as we head into the election.

 

Tuesday, May 21, 2024

US Debt is now rising by $1 Trillion every 100 Days | Paul Craig Roberts

The US debt has never mattered, because the US dollar is the world reserve currency. That means US debt is the reserves of the world’s central banks. If US debt rises, so does the reserves of the world banking system. All central banks were delighted to accumulate more US Treasury debt as it meant the reserves of their banking system went up.

» The morons who comprise the Biden regime are scaring central banks away from the dollar. «
 
The Federal Reserve can always redeem US Treasury debt by creating money with which to buy it. The debt is always redeemable because it is denominated in dollars. The problem arrives when the dollar is deserted as world reserve currency. The morons who comprise the Biden regime are scaring central banks away from the dollar as their reserves because of sanctions against Russia, Iran, China, Venezuela, and others. The slow mental processes of central banks are beginning to understand that having your reserves in US Treasury dollar debt means they can be frozen, seized, denied to your use if you cross Washington.

Fun Fact : The current Chair of the Federal Reserve Jerome Hayden 'Jay' Powell is NOT Jewish.

The threat to Washington is, whereas the Fed can print dollars to redeem the debt, the Fed cannot print foreign currencies to redeem the US dollar. So, if central banks shift their reserves out of dollars into gold, as Russia and China are doing, or into other currencies, the supply of dollars in foreign exchange markets have fewer and fewer takers. Consequently the dollar loses its value relative to gold, silver, and rising currencies, and the dollar’s value falls in foreign exchange markets. As America’s manufacturing is offshored and as America relies on imports of food, US inflation rises. Historically, the Fed’s response to inflation has been unemployment.

 
♫ Nowhere to hide nowhere to go meet Saint Jerome the Wrecking Ball
 
The Federal Reserve and the institutions used to suppress gold and silver prices use naked shorts to control the price by dumping shorts into the futures market. In other words, contracts unsupported by actual gold holdings can be used to increase the paper supply of gold in futures markets. As the futures market settles in cash, not in gold deliveries, a flood of paper contracts unsupported by actual physical gold can be used to suppress the price. In other words, the supply of paper gold can be printed just like the Fed can print paper money. [...] This price control process fails when the demand for gold exceeds the physical supply at the suppressed price. We have recently witnessed a new outbreak in the gold price. Is this a sign that the controlled price can no longer hold against the demand for physical gold, or is there some other explanation?

» America is likely living her last years. Perhaps this is why Putin and Xi don’t bother to dispose of us. «

As the fools ruling the US continue their destruction of the country, the dollar and living standards will die with the country. America is likely living her last years. Perhaps this is why Putin and Xi don’t bother to dispose of us.
 
 
See also:
 
oooo0oooo
 

Saturday, May 18, 2024

China Sells Off Record Amount of Dollar Assets as US Remains World's Bully

China sold off a record $53.3 billion of Treasury and agency bonds in the first quarter of 2024, a move seen as part of Beijing’s drive to diversify from US dollar assets. This comes as gold's share in China's official reserves rose to 4.9% in April, the highest on record.
 
»
It is a wise decision to diversify away from USD and to hold physical gold in your own country. «
Claudio Grass - May 18, 2024  

[...] This comes as Beijing vowed to retaliate against the Biden administration’s tough new levies on a wide array of Chinese-made goods, ranging from semiconductors and solar power cells to electric cars - the latest move in the escalating trade war between China and the US. The PRC’s Commerce Ministry warned that it would "take resolute measures to safeguard its own rights and interests" in response to the US’s 25-100% tariff hikes, accusing Washington of turning economic and trade issues into an instrument of "domestic political considerations." The warning followed the White House accusing China of "non-market policies and practices" resulting in "growing overcapacity and export surges that threaten to significantly harm American workers, businesses and communities."

 » And people expect interest rates to decline? «
Martin Armstrong - May 18, 2024
 
[...] Asked how the latest developments could affect the greenback on the global markets, Claudio Grass, an expert on monetary history, economics and an independent precious metals advisor based out of Switzerland, argued that "it will lead to the collapse of the USD and the current system. It is obvious that the Western civilization is being destroyed by their own corrupted and rotten political system and its rulers. The renewed politically enforced separation of the East and the West will lead to turmoil and chaos."
 
 
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Friday, March 8, 2024

Gold Breakout - Target 2,530 to 2,700 | Peter L. Brandt


This is a FOR REAL breakout in Gold. Goldfinger points to a target range of 2,530 to 2,700.
 
 
June is typically the lowest month for Gold. 
The graph is based on the average prices; there are times when June tops rather than bottoms. 
Buy dips around monthly pivot levels. 

Friday’s Commitment of Traders (COT) Report from the CFTC had an interesting point about gold. The big money "commercial" traders responded to the rally in gold this week by posting the biggest jump in years in their collective net short position. This marks this week’s pop as at least a short term price top.

There has also been a big jump in total open interest lately. Usually such events mark a blowoff top in gold prices, although occasionally they are seen at a breakout point.

 Curiously, though, the small speculators in the "non-reportable" category were not chasing this week’s rally, and instead they reduced their net long position. They have not been net short as a group since 2016, so the analysis task consists in evaluating their relative net long position as a group. Having the small specs feel scared by this rally says it has some enduring legitimacy, once the short term overbought condition can get worked off. 

Tuesday, November 28, 2023

The Financial System Has Reached The End | Egon von Greyerz

The world is now witnessing the end of a currency and financial system which the Chinese already forecasted in 1971 after Nixon closed the gold window [...] History tells us that we have now reached the point of no return. So denying history at this point will not just be very costly but will lead to a total destruction of investors’ wealth. 
 

History never lies but politicians do without fail. In a fake system based on false values, lying is considered to be an essential part of political survival. Let’s just look at Nixon's ignorant and irresponsible statements of August 15, 1971 when he took away the gold backing of the dollar and thus all currencies. Later on we will show how clear-sighted the Chinese leaders were about the destiny of the US and its economy. So there we have tricky Dick’s lies:
  • The suspension of the convertibility of the dollar in 1971 is still in effect 52 years later.
  • As the dollar has declined by almost 99% since 1971, the “strength of the economy” is also declining fast although using fiat money as the measure hides the truth.
And now to the last lie: “Your dollar will be worth just as much tomorrow”. Yes, you are almost right Dick!  It is still worth today a whole 1% of the value when you closed the gold window. The political system is clearly a farce. You have to lie to be elected and you have to lie to stay in power. That is what the gullible voters expect. The sad result is that they will always be cheated. So in 1971 after Nixon closed the gold window, China in its official news media the People’s Daily made the statements below: 

 
Clearly the Chinese understood the consequences of the disastrous US decision which would destroy the Western currency system as they said:
  • Seriousness of the US economic crisis and decay and decline of the capitalist system.
  • Mark the collapse of the monetary system with the US dollar as its prop.
  • Nixon’s policy cannot extricate the US from financial and economic crisis.
I am quite certain that the US administration at the time ridiculed China’s official statement. As most Western governments, they showed their arrogance and complete ignorance of history. How right the Chinese were. But the road to perdition is not immediate and we have seen over 50 years the clear “decline of the capitalist system”. The end of the current system is unlikely to be far away. Interestingly it seems that a Communist non-democratic system is much more clairvoyant than a so called Western democracy. There is clearly an advantage not always having to buy votes. 
 
As the whole currency system is about to implode,  it is in my view totally irrelevant where the US dollar is heading short term measured against other fiat currencies. The dilemma is that most “experts” use the Dollar Index (DXY) as the measure of the dollar’s strength or weakness. This is like climbing the ladder of success only to find out that the ladder is leaning against the wrong building. To measure the dollar against its partners in crime (the other fiat currencies) misses the point as they are all on the way to perdition. So the dollar index measures the dollar against six fiat currencies: Euro, Pound, Yen, Canadian Dollar, Swedish Kroner and Swiss Franc. The Chinese Yuan shines in its absence even though China is the second biggest economy in the world. But here is the crux. The dollar is in a race to the bottom with 6 other currencies. Since Nixon closed the gold window in 1971 all 7 currencies, including the US dollar, have declined 97-99% in real terms. Real terms means constant purchasing power. And the only money which has maintained constant purchasing power for over 5,000 years is of course gold. So let’s make it clear – the only money which has survived in history is GOLD!

All other currencies have without fail gone to ZERO and that without exception. Voltaire said it already in 1729: "Paper money eventually returns to its intrinsic value – zero." And that has been the destiny of every currency throughout history. Every single currency has without fail gone to ZERO. And this is where the dollar and its lackeys are heading. To debate if a currency, which has fallen 98.2% in the last 52 years, is going to strengthen or weaken in the next year or two is really missing the point. It is virtually 100% certain that the dollar and all fiat money will complete the cycle (which started in 1913 with the creation of the Fed) and fall the remaining 1-3% to ZERO. But we must remember that the final fall involves a 100% loss of value from today.
 
 
[...] The world’s reserve currency has had a sad performance based on lies, poor real growth, all due to a mismanaged economy based on debt and printed money. So although most currencies have lost 97-99% in real terms since 1971 there are shining exceptions. When the gold window was closed in 1971 I was working in a Swiss bank in Geneva. At the time, one dollar cost Swiss Franc 4.30. Today, 52 years later, one dollar costs Swiss Franc 0.88! This means that the dollar has declined 80% against the Swiss Franc since 1971. 
 

So a country like Switzerland with virtually no deficits and a very low debt to GDP proves that a well managed economy with very low inflation doesn’t destroy its currency like most irresponsible governments. The Swiss system of direct democracy and people power is totally unique and gives the people the right to have a referendum on almost any issue they choose. This makes the people much more responsible in their choices as a winning vote on any issue becomes part of the constitution and cannot be changed by government or parliament. Only a new referendum can change such a decision. Swiss Debt to GDP is around 40%. This was the level of US debt back in 1971 before the gold window was closed. [...] US debt to GDP is now 132%. In 2000 it was 55%. 132% debt to GDP is the level of a Banana Republic which is frantically trying to survive by printing and borrowing ever increasing amounts of worthless fiat money.
  
 
 Agustín Carstens, general manager of the Bank for International Settlements (BIS) — the central bank of central banks in Basel, Switzerland — admits that Central Bank Digital Currency (CBDC) will grant central bankers 
» absolute control « over how it can be used, and the technology to be able to centrally enforce that. Not 'up to date' with your injections? Exceeded your weekly carbon allowance? Ventured outside of your designated '15 minute' district? Oops, no money for you!  
 
» Digital ID and CBDC is the essence of scientific dictatorship «, says Patrick Wood, author of the 2014 book 'Technocracy Rising: 
The Trojan Horse of Global Transformation'. He breaks down the all-encompassing digital open-air prison
that CBDC and digital ID are designed to facilitate.
 
Joe Rogan, host of the world's most popular podcast, is now wide awake to the grave dangers posed to freedoms by CBDC, and the social credit systems that it facilitates. » If you get a bad social credit score because you tweeted something they didn't like, now you can't buy a plane ticket, now you can't buy a car, now you can't get a loan. «

See also:

Thursday, November 16, 2023

The Bretton Woods International Monetary System | Imran N. Hosein

Gold and silver have continuously functioned successfully as money all through our history as a civilization, until modern Western civilization emerged with an agenda of establishing its dominion over the rest of the world. In the wake of the first and second world wars a new European monetary system was formally established at the Bretton Woods Conference held in 1944. Agreement was reached amongst the Western rulers of the world on a monetary system in which only one currency, the US dollar, would be redeemable in gold at the rate of $35 per ounce of gold. All other currencies in the world would have their value determined in relation to the US dollar. Secondly, only governments, through their central banks, could redeem dollars for gold. Ordinary people who would be required to use paper currencies, could not redeem any currency for gold. An institution known as the International Monetary Fund (IMF) would be established and each member state of the IMF would be required to deposit with the IMF 25% of all gold reserves that the state possessed.
 
 The US was founded by Satanists and has been ruled by Satanists ever since. 
This is their 'Great Seal'.
» Annuit Cœptis. MDCCLXXVI. Novus Ordo Seclorum. «
» He has favored our undertakings. 1776. New Order of the Ages. «
Most of the "Founding Fathers" of the United States of America were Freemasons following the Ancient and Accepted Scottish Rite. In their Great Seal, He is radiating above a 13-layer pyramid. The realm between He and the pyramid below is illuminated by He and reserved for the chosen few, most blessed, most obedient, and most able among his Masons. Thirteen is the number of the founding federal states of the United States of America. So, who is He? His Freemason worshipers call him Lucifer and Lord Satan and consider him the bearer and bringer of light, great insights, and mundane powers. The original Great Seal of the United States of America was crafted in 1782, six years after the American Revolution in 1776 and one year after the establishment of the United States of America as an all-embracing imperial federal republic in the model and spirit of the Roman Republic's Empire. The United States of America was founded as the epicenter of a universal empire to come, as the shining fortress of He, named "New Jerusalem," from where an unprecedented conquest and rule over all worlds beyond was to begin. After the establishment of the Bank for International Settlements in 1930, following the abolition of the US dollar's gold standard and the seizure of the goyim's gold in 1933, the original Great Seal of the United States of America was added to the design of the dollar bill in 1935, along with the words "In God We Trust," by Franklin Delano Roosevelt, a 32nd degree Grand Master of the Ancient and Accepted Scottish Rite and the 32nd US President.
 
 
In fact, gold that was deposited with the IMF functioned merely as a means through which states could seek loans on interest (backed by something of value) from the IMF. More importantly, to the extent that member-states faithfully complied with the requirement of depositing that gold, the IMF would know the extent of gold reserves of each member-state. This was further assured through a requirement that member-states must report to the Fund all sales and purchases of gold. Why would the US-controlled - and hence Zionist-controlled - IMF be so interested in knowing the quantum of gold reserves in the possession of all countries in the world? 
 
 » The IMF claimed 25% of the world's gold and prohibited the use of gold as money. «
 
What was not disclosed however was that the US dollar would remain redeemable in gold only for as long as it was convenient for the US government to honor the legal obligation to do so. And just as ominous was the other possibility that if the US government could renege on its legal obligation to redeem US dollars for gold under the Articles of Agreement of the IMF, it could also refuse to repatriate 25% or more of the world’s gold stored in USA in accordance with IMF requirements. 
 
'The House of the Temple', officially: 'Home of The Supreme Council, 33°, Ancient & Accepted Scottish Rite of Freemasonry, Southern Jurisdiction, Washington D.C., U.S.A.'; and 'The George Washington Masonic National Memorial'.
 
Let us pause for a moment to remind those who are unaware, that the US government has already abandoned its legal obligation to redeem US dollars for gold in August 1971, and now refuses to even audit gold belonging to the rest of the world, that is stored in the US. Strangely and mysteriously, the use of gold as money was prohibited in the Articles of Agreement of the IMF. Nowhere was an explanation offered for this strange prohibition. The likely reasons for the prohibition of the use of gold as money are as follows:
  1. To prevent the possibility that gold used as money could threaten, and cause a collapse, of the bogus paper money monetary system.
  2. To ensure that gold belonging to the rest of the world, but stored in USA, would remain undisturbed in US territory until the time arrived when the monetary system of paper money collapsed and the world returned to gold as money. At that time the legal prohibition of the use of gold as money would be removed, and gold stored with the Zionist owned and controlled Federal Reserve Bank in NY, could then be secretly and illegally transferred to Israel (the transfer may already have taken place) so that Israel’s rule over the world of money might remain unchallenged and unchallengeable. The gold stored in USA would remain largely undisturbed since there would be no reasons for a member-state to seek to repatriate its gold. What would they do with their gold, other than keeping it as a store of value? It could not be used as money.
  3. Once the member-states of the IMF had deposited 25% of their gold reserves with the IMF (i.e., with USA), member-states had begun to take IMF loans that were secured by that gold, and it would then be possible to encourage them to store more and more of their gold reserves with the IMF. If they held on to their gold, they could not use it in any way that would benefit them. And so this provision of the Articles of Agreement opened a way for USA to eventually be entrusted with storage of most of the gold reserves of the world.
Is it by accident or by design that decolonization resulted in the rest of the non-European world becoming part of a mysterious and ominous new European monetary system in which, for the first time in human history, mankind was prohibited by international law from using gold as money, and in which money with intrinsic value was replaced by money with no intrinsic value?
 
» First we plunder the Americans, then the Mexicans, the Tsars, the Germans and the Ottomans. Then all of mankind. «
Paul M. Warburg (1868–1932) was a German-born investment banker and Rothschild agent on Wall Street since 1895. He was a 'philanthropist' and the brother of Otto H. Warburg, head of the World Zionist Organization in 1911. He was the architect of the US Federal Reserve System and the Federal Reserve Bank and served as the spiritus rector of the Federal Reserve Act in 1913. He was an original member of the Federal Reserve Board of Governors in 1914 and served as the Second Vice Chairman of the Federal Reserve from 1916 to 1918. He issued Liberty war bonds in 1917 and invented the post-World War I gold reparation and confiscation schemes enforced upon the defeated German, Austrian, and Ottoman empires during the Versailles and Sèvres conferences of 1919–1920, where his German brother, Felix M. Warburg, was part of the German empire's delegation seeking a peace treaty. He was a visionary and pioneer of the Bank for International Settlements, the International Monetary Fund, and a globalized New Deal for Lord Satan's New Order of the Ages.
 
Is it by accident or by design that the new European monetary system supported a European banking system which together operated in such ways that they and their clients grew incredibly wealthy while the rest of the world was imprisoned in increasing poverty and destitution?
 
Has that economic impoverishment lead to political servitude? Is it true or is it false that modern political servitude invariably implies conformity with a Zionist agenda? Is it by accident or by design that European Zionist Jews and Zionist Christians have a firm control over that monetary and international banking system and are using it to the advantage of the State of Israel?
 
Is it by accident or by design that the modern secular West continued the Jihad, known as the crusades, waged by medieval Christian Europe to liberate the Holy Land from Muslim rule, until success was finally achieved in 1917? Why did non-European Christians refrain from participating in an ostensibly Christian Jihad? Why did western European Christian crusaders fight their eastern Christian brothers-in-faith while making their way to the Holy Land?
 
Is it by accident or by design that the West then presided over the birth of a State of Israel in the Holy Land some 2000 years after Holy Israel was destroyed by divine decree, and the Jews were then brought back by hook and by crook to reclaim the Holy Land as their own some 2000 years after they were expelled from it? 
 
Did all of the above take place by accident, or was it part of a grand design that would eventually make it possible for Israel to rule the world? Why would Israel want to rule the world?
 
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See also:
 

For the first time in history, the world is witnessing mass murder and genocide live on television.
The United States and the State of Israel will both be held accountable for their crimes in the Holy Land.