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The Dying Dollar and the Rise of a New Currency Order

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The Dying Dollar and the Rise of a New Currency Order

Sunday, April 7th, 2013. Filed under: Banksters Business and Economy Economic Manipulations New World Order

The Dying Dollar and the Rise of a New Currency Order Bush-dolara
by Anthony Migchels
For years now, the collapse of the dollar has been in the
cards. Recent developments show mounting pressure on the dollar’s
reserve currency status. With a major international deflation going on,
the threat of inflation through money printing is unreal. However,
should the dollar’s reserve currency status end, the repatriation of
trillions of petro- and eurodollars could lead to a strongly
inflationary scenario.

The roles of a reserve currency are to finance international trade
and to function as a store of value for Governments. Until the second
world war it used to be the British pound, but with the demise of the
British Empire, the pound lost its international relevance and was
overtaken by the dollar. This was formalized in the 1944 Bretton Woods
system. All other currencies were fiat currencies, but pegged to the
dollar, which in turn was pegged to Gold at 40 dollars an ounce and
redeemable for international trading partners.

The Eurodollar
With the dollar as the reserve currency, the US had to export dollars.
In the early years after the war especially for Europe, the famous
Eurodollars. This sounds great: print money and buy whatever you like.
But with the Gold window it was also risky: overprinting could mean
excess dollars would be exchanged back to Gold, depleting US Gold

This was also a weakness that those annoyed with American Hegemony
could exploit. In 1967 the leftist press mogul Jean-Jacques
Servan-Schreiber penned a famous screed called ‘le défi Américain’ (the
American challenge’), arguing Europe was being colonized economically by
superior American competition.

France, at the time, was run by de Gaulle, who never was impressed
with Anglo-American supremacy. He made a point of exchanging every
dollar he could lay his hands on as a means to undermine it.

In the late sixties the situation got badly out of hand because of
the Great Society and the Vietnam war, very costly projects that were
deficit financed, leading to serious inflationary pressures. Inflation
that the US tried to export, leading to an excess of dollars abroad.
Especially the resurging Deutschmark’s appreciation became untenable.
The Europeans started pressuring the US to fix its deficits, provoking
the US Treasury Secretary John Connally famous cry ‘the dollar is our
currency and your problem’.

But the situation had become unsustainable and Nixon was forced to
close the Gold window to stop the depletion of US gold. This was the end
of the Bretton Woods system and from then on the major currencies were
floated freely in the international currency markets.

The Petrodollar
But it did not end the dollar reserve currency status, as the Empire had
been found another basis for it: they reached an agreement with the
House of Saud, to accept only dollars for its oil. The Sauds agreed to
invest their dollar wealth on Wall Street, making the deal even more
powerful for the Empire. Saudi Arabia controlled OPEC and the dollar was
saved: international oil trading is financed with dollar only. Since
then we have been on an informal Black Gold standard, known as the

This situation was better than before, because overprinting of the
dollar for international trade or to finance all sorts Empire projects
could no longer be punished by depleting Gold reserves and would result
only in rising prices.

In the last decade the problem of over printing was solved by
artificially raising oil prices through the Peak Oil hoax, and ending
Iraqi oil production. It must be understood that the Empire is not
looking for more oil production. There is so much oil in the world that
should it be drilled for freely, it would end the Money Power’s energy
monopoly. The Iraq invasion and the quest for control of the Middle-East
is to keep a lid on oil production. Saddam’s suicidal decision to
accept euro for his oil only hastened his demise.

Even today Iraqi oil production is not even half of what it was
before 1991. With the Western Oil companies now in charge, it will most
likely never fully recover.

By raising the price for oil, the oil market has mopped up excess
dollar supplies, which are now needed for the oil trade. As a result,
the dollar has remained relatively stable in its value. Of course, it
fits well with the agenda of decapitating the middle classes and under
this agreement higher oil prices also means ever more oil profits
invested in Wall Street.

Of course, the great boon of this for the Empire is that it can pay
with worthless paper for real goods. It can eternally finance a major
trade deficit.

Trade deficits are incorrectly understood as problematic. From a
nation’s point of view, the goal of trade is not to export, but to
import. We export to give back for what we need from others. If you run
the reserve currency, you don’t need to export as much as you import,
because you can partially finance your imports with money printing. For
all other nations this is impossible and trade deficits are lethal in the long run, as it leads to net capital outflow.

But the US Empire is in trouble. Its infrastructure is crumbling, its
manufacturing base gone, its badly over extended. It needs ever more
virulent threats to coerce the nations into dollar submission and just
like Connally failed in 1971, the US is failing today. The Money Power
is done with the Empire and the dollar and it is moving to the next
phase. The dollar will have to step back and we are seeing a

The new currency order
China is moving towards a Gold backed yuan that will be very powerful in
the international arena. Recently Australia, which is already
completely dependent on China, with 30% of its exports going there, is
preparing direct convertibility between the yuan and the Australian
dollar, meaning they will no longer use US dollar to finance bilateral
trade. This means less US dollars are needed in its reserve currency

In 2001 Goldman Sachs executive Jim O’Neill invented the BRIC’s.
South Africa was later added, representing Africa and emphasizing its
globalist agenda. Russia and China, as two powerful neighbors, obviously
have long standing and important bilateral relations. But equally
obviously, have little in common with Brazil, India and South Africa.
India and China are actually sworn enemies. However, in 2009 they
organized a first summit. Just a week ago we all of the sudden hear the
BRICS are planning to open up a competitor to the IMF. They’re still
working out the details and it’s not a done deal yet, but the move looks
very serious.

And there is of course the euro, which, make no mistake, is in great
shape. True, Eurocrat legitimacy is suffering because of the euro
crisis, even in Germany the currency is losing support. But the euro
crisis is purely for internal consumption, to sucker the nations into
surrendering budget responsibility to Brussels. This is the final
frontier for a full blown EU federalist Super State. While the euro is
deeply hated, this is not really a problem for the Money Power: it isn’t
in this business to make friends and it does not mind a big fight. It
only fears real alternatives and these are nowhere to be seen. There is
nobody proposing anything real, people are just letting off steam. Once
they get their fiscal union, the crisis will quickly end. People have a
short memory.

The euro was designed to be eventually backed by Gold and the ECB has enough of the stuff to be ready for the coming transition.

We are seeing the advent of the new currency order. There will be a
number of more or less equal blocks: a dollar zone, a Yuan/BRICS zone
and the euro, with the Yen and the Pound as lesser entities. These will
later be able to converge to even more ‘cooperation’, in the Money
Power’s relentless march towards World Currency.

These units will be at least partially Gold backed, implying long
term deflationary pressures. Central Banks are buying Gold in major
quantities, creating the interesting question why Gold prices have not
risen in the last 18 months.

The problem for the United States will be to manage the transition.
Trillions of dollars that will no longer be needed will have to be
repatriated and this will lead to very strong inflationary pressures at
home. It is unclear how the Fed is going to deal with that. It probably
can’t. Furthermore, the US is probably in the worst of positions to deal
with a new Gold standard. They claim to have 8,000 tonnes of Gold in
Fort Knox, but nobody really believes that.

The hyperinflation scare that the Austrians have been promoting
because of ‘money printing’ is ridiculous: we are in a stagflationary
depression and prices are rising because of speculation, not because of
excess money. But when the dollar loses its current status, long term
price rises will become the norm.

The Greatest Depression has only just started.




Excellent Post! And the citizens of the US go merrily on their way oblivious.

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That is just about the size of it, too-


I have been amazed this last few weeks at the number of men that have crossed my path that are so totally awake. I really think that when the time arises that ALL walks of life will also rise against the machine. It is happening. We are being brought together in many ways. So stay sharp and welcome your allies when they cross your path.



We need like buttons on these forums

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Herb Lady

Herb Lady
Thanks Purpleskyz! I think that there are many people waking up, even in my neck of the woods! Although I have to say that I've run acrossed more christian women who are becoming more open minded than I have men.

Take care of the land and the animals and they will take care of you!

Come visit my site at:


I'm not sure I agree with the conclusions, especially about the EURO. I'm sure there are many who are more educated and informed than I in the realm of global finance. However it doesn't take a genius to know that we are in a New Age/era. Sheeple are waking up and realizing that their atrophy and complacency regarding the Governments and financial system has yielded our present situation. Although the Euro is not the cause of the problems in Europe,it has been a tool used by the Globalists to manipulate things to the present situation. My hope is that with the reactions of the people, that they will realize that they have to take the control back from the PTW, and be personally responsible for their own individual Countries, Cities, etc. as well as themselves. Time will of course tell the story, but Change is definitely in the air. jmho

'Tis better to be thought a fool,than to speak and remove all doubt.
     Love,Laughter & Prosperity...  :Santa 3: 

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