Understanding The Petrodollar

By reading G. Edward Griffin's "The Creature from Jekyll Island," you gain an excellent understanding of how our nation's monetary supply is controlled by a cartel of banks, which was not the intent of our Founders.  However, the book does not cover the current status of our currency as the Petrodollar.

When the Federal Reserve System was initially created, the dollar was backed by gold.  In 1944 at Bretton Woods, 44 nations of the world agreed to make the US Dollar the world's reserve currency.  During the 1960s, the United States spent more money than it had (Vietnam, the Great Society), and nations around the world began to trade in their US dollars for gold.  President Nixon stopped this in 1971 by abandoning the gold standard, transforming the US Dollar into pure fiat (and a floating) currency.  The United States then struck a deal with Saudi Arabia to defend their nation from attack in return for the Saudis agreeing to only sell their oil in US dollars.  Other oil producing nations signed onto the US Dollar soon afterwards, and the Petrodollar was born.

The United States' continued protection of the dominance of the "Petrodollar" system may best explain why the United States:

(1) Conducts operations in Mideast nations that have significance within the Petrodollar system.  Many times it is because they are not participating in that system.
(2) Maintains a military presence in the Middle East to enforce the Petrodollar system.
(3) Gives the Islamist ideology a pass.  Oil-rich Islamic nations can blackmail us to accept the extremes of their religion in our own country.  If we do not, they will reject the US Dollar as the only accepted currency for the oil trade.
(4) Defers to the United Nations on many issues, and is slowly enforcing UN agendas, such as Agenda 21, in America.  This may be because the rest of the world perceives that we are abusing our responsibility as the stewards of the world's reserve currency to our own advantage at the expense of others.  They therefore pressure on us to reduce our quality of life through veiled socialist schemes like Agenda 21, and our government is slowly complying--most likely to appease other governments.

I highly encourage you to read the following Follow the Money Daily article in four parts that explains the Petrodollar system:
Part 1 Preparing for the Collapse of the Petrodollar System
Part 2 The Rise of the Petrodollar System: "Dollars for Oil"
Part 3 The Petrodollar Wars: The Iraq Petrodollar Connection
Part 4 The War in Afghanistan and The New Great Game

--Against All Enemies

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Disclaimer: These opinions are solely my own, and do not reflect the opinions or official positions of any United States Government agency, organization or department.

Video: "Legalized Plunder of the American People"

Here is an informative video where G. Edward Griffin, author of "The Creature from Jekyll Island," talks about the insanity that is our acceptance of the Federal Reserve System.  He calls it "legalized plunder of the American people."

Link to video: http://www.youtube.com/watch?gl=CA&hl=en&client=mv-google&v=_WrMWK-FJzU&feature=player_embedded&nomobile=1

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Disclaimer: These opinions are solely my own, and do not reflect the opinions or official positions of any United States Government agency, organization or department.

G. Edward Griffin -- The Collectivist Conspiracy

Linked below is an 80-minute interview with G. Edward Griffin, the author or "The Creature from Jekyll Island."  I highly recommend that you watch it in its entirety.

In this interview, Griffin addresses the following topics: 

• How fascism and communism share the same theme--collectivism.  The reason they fight is for who has ultimate, total control.  (His comments directly support what F.A. Hayek has said about the same issue.)
• How the Republican and Democratic parties may differ on small issues, but are the same on the major, important ones, such as foreign policy, moving the US into a One World Government, and protection of the banks.
• How the Tea Party is a true grassroots movement that the Republican Party is trying to control.
• How the Council on Foreign Relations controls the major policies of both political parties.
• How there are efforts underway to control information on the Internet to prevent the people from learning the truth about what is being done to their country.
• How the United States is now a democratic dictatorship...how we have a king, even though we do not address him as such.

I am currently reading his book, "The Creature from Jekyll Island," and it is excellent.  As I have said before, this gentleman deserves the Medal of Freedom.

Link to video: http://www.youtube.com/watch?v=jAdu0N1-tvU&feature=player_embedded

Disclaimer: These opinions are solely my own, and do not reflect the opinions or official positions of any United States Government agency, organization or department.