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Sun, 19 Feb 2006 12:38:14 -0500

www.thehealingpoweroflight.com

<http://www.thehealingpoweroflight.com/>

*WE ARE

NOT HUMAN BEINGS*

*HAVING

A SPIRITUAL EXPERIENCE.*

*WE ARE

SPIRITUAL BEINGS*

*HAVING

A HUMAN EXPERIENCE.*

Teilhard

de Chardin*

 

Interesting

Article

by

Krassimir Petrov

Currently teaching Macroeconomics, International Finance, and Econometrics at

the American University in Bulgaria.

email

is: Krassimir_Petrov

<Krassimir_Petrov.

" Economically,

the American Empire was born in 1945. The U.S. dollar was not fully convertible

to gold, but was made convertible to gold only to foreign governments. This

established the dollar as the reserve currency of the world. It was possible,

because during WWII, the United States had supplied its allies with provisions,

demanding gold as payment, thus accumulating significant portion of the world's

gold. "

" An

Empire would not have been possible if, following the Bretton Woods

arrangement, the dollar supply was kept limited and within the availability of

gold, so as to fully exchange back dollars for gold.

However,

the guns-and-butter policy of the I960's was an imperial one: the dollar supply

was relentlessly increased to finance Vietnam and LBJ's Great Society. Most of

those dollars were handed over to foreigners in exchange for economic goods,

without the prospect of buying them back at the same value. The increase in

dollar holdings of foreigners via persistent U.S. trade deficits was tantamount

to a tax - the classical inflation tax that a country imposes on its own

citizens, this time around an inflation tax that the U.S. imposed on the rest

of the world. "

" When

in 1970-1971 foreigners demanded payment for their dollars in gold. The U.S.

Government defaulted on its payment on August 15, 1971.

While

the popular spin told the story of severing the link between the dollar and

gold, in reality _the denial to pay back in gold was an act of bankruptcy by

the U.S. Government_. Essentially, the U.S. declared itself an Empire. It had

extracted an enormous amount of economic goods from the rest of the world, with

no intention or ability to return those goods, and the world was powerless to

respond - the world was taxed and it could not do anything about it. "

" From

that point on, to sustain the American Empire and to continue to tax the rest

of the world, the United States had to force the world to continue to accept

ever-depreciating dollars in exchange for economic goods and to have the world

hold more and more of those depreciating dollars. It had to give the world an

economic reason to hold them, and the reason was OIL. "

" In

1971, as it became clearer and clearer that the U.S. Government would not be

able to buy back its dollars in gold, it made in 1972-73 an iron-clad

arrangement with Saudi Arabia to support the power of the House of Saudi in

exchange for accepting " only " U.S. dollars for its oil. The rest of

OPEC was to follow suit and also accept only dollars.

Because

the world had to buy oil from the Arab oil countries, it had a reason to hold

dollars as payment for oil. Because the world needed ever increasing quantities

of oil at ever increasing oil prices, the world's demand for dollars could only

increase. Even though dollars could no longer be exchanged for gold, they were

now exchangeable for oil. "

" The

economic essence of this arrangement was that the dollar was now backed by oil.

As long as that was the case, the world had to accumulate increasing amounts of

dollars, because they needed those dollars to buy oil. As long as the dollar

was the only acceptable payment for oil, its dominance in the world was

assured, and the American Empire could continue to tax the rest of the

world. "

If, for

any reason, the dollar lost its oil backing, the American Empire would cease to

exist. Thus, Imperial survival dictated that oil be sold only for dollars. It

also dictated that oil reserves were spread around various sovereign states

that weren't strong enough, politically or militarily, to demand payment for

oil in something else. If someone demanded a different payment, he had to be

convinced, either by political pressure or military means, to change his

mind. "

" The

man that actually did demand EURO for his oil was Saddam Hussein in 2000. At

first, his demand was met with ridicule, later with neglect, but as it became

clearer that he meant business, political pressure was exerted to change his

mind. When other countries, like Iran, wanted payment in other currencies, most

notably EURO and Yen, the danger to the dollar was clear and present, and a

punitive action was to order Bush's Shock and Awe in Iraq. The war was not

about Saddam's nuclear capabilities, about defending human rights, about

spreading democracy, or even seizing oil fields: it was about defending the

dollar, the

American

Empire. It was about setting an example that anyone who demanded payment in

currencies other than U.S. dollars would likewise be punished. "

" Many

have criticized Bush for staging the war in Iraq in order to seize Iraqi oil

fields. However, those critics can't explain why Bush would want to seize those

fields - he could simply print dollars for nothing and use them to get all the

oil in the world that he needs. He must have had some other reason to invade

Iraq. Bush must have went into Iraq to defend his Empire. Indeed, this is the

case: two months after the United States invaded Iraq, the oil for food program

was terminated, the Iraq EURO accounts were switched back to dollars, and oil

was sold once again only for U.S. dollars. No longer could the world buy oil

from Iraq with EUROs. Global dollar supremacy was once again restored. Bush

descended victoriously from a fighter jet and declared the mission accomplished

- he had successfully defended the U.S. dollar, and thus the American

Empire. "

" Now

we have the Iranian Oil Bourse. The Iranian government has finally developed

the ultimate 'nuclear' weapon that can swiftly destroy the financial system

underpinning the American Empire. That weapon is the Iranian Oil Bourse slated

to open in March 2006. It will be based on a EURO-oil-trading mechanism that

naturally implies payment for oil in EURO. In economics terms, this represents

a much greater threat to the hegemony of the dollar than Saddam's because it

will allow anyone willing either to buy or sell oil for EURO to transact on the

exchange, thus circumventing the U.S. dollar altogether. If so, then it is

likely that almost everyone will eagerly adopt this EURO oil system. "

" The

Europeans will not have to buy and hold dollars in order to secure their

payment for oil, but would instead pay with their own currencies.

This

will benefit the European at the expense of the Americans. "

" The

Chinese and the Japanese will be especially eager to adopt the new exchange,

because it will allow them to drastically lower their enormous dollar reserves

and diversify with EUROs, thus protecting themselves against the depreciation

of the dollar. "

" The

Russians have inherent economic interest in adopting the EURO – the bulk of

their trade is with European countries, with oil-exporting countries, with

China, and with Japan. The Russians seemingly detest holding depreciating

dollars, for they have recently found a new religion with gold. Russians have

also revived their nationalism, and if embracing the EURO will stab the

Americans, they will gladly do it and smugly watch the Americans bleed. "

" The

Arab oil-exporting countries will eagerly adopt the EURO as a means of

diversifying against rising mountains of depreciating dollar. Just like the Russians,

their trade is mostly with European countries, and therefore will prefer the

European currency both for its stability and for avoiding currency risk, not to

mention their jihad against the Infidel Enemy. "

End of

Quote!

 

That

really says a mouthful. Iran is backed by Russia and China. It looks like the

world is turning against the U.S. dollar and moving toward the EURO. This means

the United States is in crisis. What can we do about that? Hopefully, we can

get through this crisis without blowing ourselves up.

It's

time to stay cool, calm, and collected so we don't add to the energy of

violence.

If each

of us would concentrate on finding peace within it would help the whole world.

We need many people manifesting peace to offset all of the violence.

Synchronicity

is the Christ energy in action. If your life is flowing, you know you have made

it to the higher frequency Earth. Remember, there is a world of light

overshadowing this world of darkness. Continue reaching for the higher

frequency world.

We are

almost at the end of the Bible prophecies. There is hope for the future because

the last two chapters of Revelation talk about the new heaven and the new Earth

that is fast approaching. Gamma Ray Bursts are helping us transform by bringing

much light to Earth. It's time to walk softly on this beautiful planet.

So Be

It! I send you my love and blessings!

***

Mahala

<http://www.alcseattle.com/alc.php?DIR= & SEC= & SUBSEC= & FIL=mah & SUB=>

***

I can

be reached at:

Mahala

P.O.

Box 69613

Seatac,

Wa 98168

Mahala2

</ym/Compose?To=Mahala2

 

 

 

Radiating

UNCONDITIONAL LOVE & Truth

To

ALL who share our circle – our universe, our love, our trust.

May

I always be found worthy.

Gratitude

& Thankfulness to All of Us

aSoaringHawk

Look at everything as though you were seeing it either for the

first or last time. Then your time on earth will be filled with joy &

glory.

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