The Petrodollar Part 2

https://www.businessinsider.com/israel-grants-golan-heights-oil-license-2013-2?utm_source=facebook&utm_medium=referral&utm_content=topbar&utm_term=mobile&referrer=facebook&IR=T

From the link mentioned above, entitled “Israel Grants First Golan Heights Oil Drilling License To Dick Cheney-Linked Company”, it made me recall the valuable information I learned about the money system, the US dollar, gold and oil supplies from the book, ‘Bankruptcy of our nation’ by Jerry Robinson.

Oil, the black gold. The USA controls the global oil supplies, forcing other countries to purchase oil using only US Dollars. This means the Federal Reserve can print as much US dollars to the US Government as much as the Government wants to fund their wars and government programs like welfare without the risk of hyperinflation.

A greater supply of US dollars in global and domestic circulation benefits investors who own assets because the price of assets (houses, real estate etc.) increases greatly when the total amount of money in circulation is many times greater e.g. when the total amount of money in circulation is $2,000,000, it is not possible to charge potential buyers $1,000,000 for a mansion but when the total amount of money in circulation is in the billions and trillions of $$$s, there is a far greater amount of money in circulation so the prices of assets like the mansion can be sold at $1,000,000 because companies and rich people don’t want people to buy up all the assets like mansions and commodities like chocolate bars.

The money system is wicked and at the same time ingenious because Central Banks like the US Federal Reserve will print out paper money for the US Government to use for its various wars and programs like welfare but the Central Banks will also charge extra when the US Government attempts to pay back the original money it borrowed from the US Federal Reserve; I typed “attempts” because no matter how many times the US Government tries to pay back the original money by taxation, it is an impossibility because only the interest charged by the Federal Reserve can be paid by the US Government which means the US Government is heavily in debt.

The thing is, what makes the money system so ingenious is that during the economic boom years, money is circulated by Central Banks at low interest so there are more jobs and more companies in existence but then when economic recessions occur, the Central Banks demand all loaned money be paid in full with higher interests which means a LOT of companies go bankrupt and a lot of people lose their jobs and most likely become homeless like what is happening now in certain parts of the USA. It’s all planned. Because the US Government can only possibly pay off the increasing interest but not the actual original amount of money it borrowed from the Federal Reserve, the total amount of money owed to the Central Banks will always be greater than the total amount of money available to be used to pay off the borrowed money (this available money being the result of the blood, sweat and tears of ordinary hardworking people) so the poor and powerless are ensnared either with a lifetime of work to pay off the Government debt or they lose their homes and live on the street.

This is what I have read so far from ‘Bankruptcy of our nation’ by Jerry Robinson; I would highly recommend you buy his book to become financially literate and work towards financial freedom. I enclose the link for this amazing book below:

 

 

 

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