Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Aquaponic Farmer
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Debt, $18 Trillion Dollars, Oil, Gold, Currency War, World War

% of readers think this story is Fact. Add your two cents.


The following graphic illustrates the crack-up-boom of USA national debt since 1950 while exposing the presidents who have allowed it to go on.

For example, the current administration has increased the national debt by 70% since taking office in January, 2009, which has now surpassed $18,000,000,000,000.00 ($18 Trillion).

The problem is – there are consequences. There always are…
Concerned about modern survival?
Then you better pay attention to this:

It’s not so much about the president’s themselves or the political parties, as it is to do with the system at large. It’s broken. Presidents and politicians know that it’s too late. If the purse strings are pulled in – the house of cards fall down. While swallowing the bitter pill may be best for the long run – it’s not going to happen – given the dependent class and given the current war behind the scenes for the dollar’s reserve status.

Since Richard Nixon took the United States off of the gold standard in 1971, the printing presses have been spewing out dollars at high rates of speed – resulting in the appearance of growth through ‘bubbles’ and an increasing dependent class through handouts & benefits. The problem with this of course is that not only has printing dollars and spending ‘money’ created a mostly ‘false’ growth, but a dependent class will violently revolt if the money presses shut down, and the entire economy will implode without it’s ‘fix’ of fresh new debt.

I’m not an expert on the economy, but logic dictates that someone pays for this debt (either now and/or in the future and/or a combination of both).

To an extent, we’re paying for it today with diluted dollars. The purchasing power of the dollar has greatly diminished over time by currency inflation.

The debt has also been spread around the world by the fact that the U.S. dollar has been the world’s reserve currency (e.g. all oil required to be purchased in dollars – else suffer the military consequences).

This however is coming to an end as Russia, China, Iran, and others (BRICS) are now accepting gold for oil and vice versa. In addition, while these nations (e.g. Russia) still accept dollars for oil, they have been immediately exchanging those same dollars for physical gold – which is actually a double-whammy (on the West) as they have (the West) artificially held gold prices low (particularly since 2011) through the U.S. Exchange Stabilization Fund (which allows the Secretary of the Treasury, with the approval of the President, to use money in the ESF to “deal in gold, foreign exchange, and other instruments of credit and securities.” by shorting the paper market through the invisible hands within the banking cartel). The West (U.S.) is like a snake eating it’s own tail while not allowing a ‘barbaric relic’ like physical gold to reach it’s true natural value (but that’s another article, and that’s why China, Russia, and others are gobbling it up at these bargain basement prices…). It can’t go on forever. Either the West will run out of delivery (which is why nations are now demanding their physical gold back) or the gig’s up…

Will we fight Russia and/or China and/or Iran to force them to always buy oil though dollars? Would it not ensure WWIII? How will that turn out…?

My instinct tells me that sooner rather than later, the dollar is going to be lessened as a reserve currency (it’s already happening) and the United States will become less able to export it’s currency inflation. This will lead to further and faster devaluation of the purchasing power of the dollar, and the death-blow to what’s left of America’s middle class.

As of this post, the current price of oil has been dropping due to a weakening global economy (even with all the manipulated, twisted, and changed definitions which have favored a false appearance of growth) – which is all another indicator that we’re heading towards greater problems ahead.

The East is setting up it’s own system of trade, their own ‘SWIFT’ (interbank system), their own currency swaps, their own oil and other commodity trade deals, all WITHOUT the U.S. dollar. The Western banking cartel has been trying to stop it through various means and methods, however they are losing this critical game of chess.

The era of global domination by the West may be coming to an end as western nations are increasingly burgeoned with new and greater debt. All the while the East accumulates commodities and gold. Sooner or later something’s going to ‘give’ – like a sudden earthquake. Just like earthquakes, this event cannot be predicted with certainty. Somehow though, I don’t think that this tectonic ‘fault’ is going to continue a steady creep for long – it may instead jolt ahead and shake the world…

What do you think?

The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

$7,060,259,674,497.51–Federal Debt Up $7 Trillion Under Obama

The Economic Crisis Is Accelerating Because Debt Is Not Wealth

This Is Why You Should NEVER Trust a Bank: Wells Fargo Refuses To Pay Woman What She’s Owed: “Practically Laughed At Me”

10 Examples Of The Social Decay That Is Eating Away At America Like Cancer

www.patriotnetdaily.com



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 2 comments
    • rustywhite

      Wait till your children see the other side of that graph when it comes down….end times for sure…..

      thanks for the article…

      peace

    • neanderthal

      Lets party like its 1999.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.