23-01-2014, 06:31 PM
David Guyatt Wrote:And as a PS to the foregoing, can I speak of my suspicion that the great bank crashes of 2008 are far superior reworking of the oil price shocks of 1973/4.
Dollar hegemony lives.
The US Treasury engineered golf price crash of last year are testament to that.
A wise man might consider waving a fond farewell to the planned BRICS nations gold backed currency.
David, Your last comment about the Brics triggers something that has been brewing in the back of my head for some time. Peter put up a post about Paul Craig Roberts on how the US has shipped all of its gold overseas. Estulin concurs that it's all gone.
My speculation is that the dollar could be backed by dog pooh just so long as we can project global intimidation, bribery, blackmail, assassination, fake riots, drone strikes, economic war and ultimately physical war. Commodities don't back the dollar; the so-called international system backs the dollar.
"We'll know our disinformation campaign is complete when everything the American public believes is false." --William J. Casey, D.C.I
"We will lead every revolution against us." --Theodore Herzl
"We will lead every revolution against us." --Theodore Herzl