₦airaland Forum

Missy89:
If the internet is your evidence for Obama's continuation for Bush wars then I digress

Maybe you should help me break into Langley and steal files to buttress my points, since the internet is no longer a viable place to source for infos, becos the factual evidence provided that succintly clarified d point, doesn't suit ur lying narative. I greet u.

The Saddam dollar and Euro thing just shows how you lack basic understanding of economic

Even if so there was no reason for America to worry about the dollar stability

I have warned you several times that the only stain on ur analytical credibility is ur prime failure in admisibility when faced with logical reasoning underlined by glaring Facts! The wars in the Middle East and North Africa were about oil and the cash that controls it, and i will tell you. So sweep that basic economic bullsh*t under the carpet and lets face facts! Why did the US invade Iraq? For the fun of it or what? And why was it that d 1st thing they did was to switch d payment system back to d status quo? Now hear this. Saddam was setting a 'dangerous' precedent. The same thing that Ghadafi was aiming for.
The real reason he was ousted was that Libya – like Iraq under Hussein –challenged the supremacy of the dollar and the Western banks: again bringing to mind Gen. Wesley unveiled plot
to take out seven countries which are Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.
What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers’ central bank in Switzerland.
The most renegade of the lot was Libya and Iraq, the two that have actually been directly attacked. It is interesting to note that six months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar.''
Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar as Africa's currency.
And that brings us back to the puzzle of the Libyan central bank. One fact hardly mentioned by western demagogues and media pundits is that: the Central Bank of Libya is 100% State Owned … As at then, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank, Underlining the fact that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya and absorbing it into its hive of compliant nations, was a major aim that never appeared in the speeches of Obama, Cameron and Sarkozy.
Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” was the real cause [of the Libyan war and killing of Gadhafi]. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.
And it literally had the potential to bring down the dollar and the world monetary system by extension . No wonder French President Nicolas Sarkozy went so far as to call Libya a “threat” to the financial security of the world.'' Yes! Tell me how else is Libya a threat to the global order? I laf in swahili!

Gadhafi’s plan would have strengthened the whole continent of Africa in the eyes of economists backing sound money — not to mention investors. But it would have been especially devastating for the U.S. economy, the American dollar, and the elite in charge of the system, and “the central banking Ponzi scheme'' which requires an ever-increasing base of demand.
No wonder the rebels within a week of the uprising announced the creation of their own Central Bank, a decision which left many analysts scratching their beards. As one aptly put it: “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” Maybe Miss89 have.

Even d MSM couldn't deny it that more sophisticated influence than a rag tag bunch of rebels running around, was at play. John Carney of the CNBC concluded inter alia, “It certainly indicate how extraordinarily powerful central bankers have become in our era.”

Face the facts, Missy. It was all about oil and the money that controls it. Your ''Basic economic'' doesn't deny d fact.

Appleyard:
to take out seven countries which are Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.
What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers’ central bank in Switzerland.

This makes absolute no sense.

1. Russia and China are part of the BIS. You have said on this forum a number of times that these countries are on a mission to defeat the bankers. so are you saying this countries are just in the pocket of the bankers like the rest?

2. Almost all the countries on the African continent is not on the BIS. does that means they do not practice the same fractional reserve system like the rest?

Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar as Africa's currency.
And that brings us back to the puzzle of the Libyan central bank. One fact hardly mentioned by western demagogues and media pundits is that: the Central Bank of Libya is 100% State Owned … As at then, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank, Underlining the fact that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya and absorbing it into its hive of compliant nations, was a major aim that never appeared in the speeches of Obama, Cameron and Sarkozy.

Another sign you do not understand economics. Lets Say Libya creates her own currency and ties it to gold like you claim, the "banksters" dont have to go thru Libya central bank to have dominion. Gold is a commodity and Libya currency value will be determined by the elasticity of gold on the commodity markets. meaning, The "dinar" will increase or decrease in value when miner x who lives in Sokoto or Siberia digs up another piece of gold.

meaning Libya is leaving the fate of her currency to the hand of the banksters anyway since the market will always set the price. Even if the dictator decides to have a fixed price for Libya's gold to prevent outside interference, His economy will be under or over valued since simple demand and supply or economic growth is not the factor that determine how much his dinars are worth. Libya will probably be renamed Islamic republic of Depression

Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” was the real cause [of the Libyan war and killing of Gadhafi]. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.

Another meaningless rant here. If Libya has 150 tonnes of gold and wants all other countries to follow suit, this will lead to a gold rush since every country will be trying to buy gold to back their currency or they will have to devalue their money if they cant find enough. Gold Rush have always lead to inflation ( the same thing he was trying to prevent by having gold back his currency in the first place)

And by the way, The US have the largest gold reserve ( around 8,133 tonnes compared to the sh1tty 150 tonnes you keep talking about) so lets say every country returns to gold today, US will still be the richest country without breaking a sweat. not to mention most country have their gold stored in US vaults (Germany, IMF etc). They can kiss their goodbye and the US will still maintain her financial dominance. So it is like running in circles. Dollar still wins

Gadhafi’s plan would have strengthened the whole continent of Africa in the eyes of economists backing sound money — not to mention investors. But it would have been especially devastating for the U.S. economy, the American dollar, and the elite in charge of the system, and “the central banking Ponzi scheme'' which requires an ever-increasing base of demand.

Please i will love to see the list of economists that supports gold back currencies. Please show me the list. Only cranks have ever supported the idea of a gold back currency and it is because their knowledge of economics is really terrible. You keep throwing different theories into your conspiracy stew.

Missy89:
This makes absolute no sense.

1. Russia and China are part of the BIS. You have said on this forum a number of times that these countries are on a mission to defeat the bankers. so are you saying this countries are just in the pocket of the bankers like the rest?

It makes a lot of sense, and you just partially answered yourself. What do you think constitute and underlined the current economic/financial system? Control! Why are most nations (especially third nations) of the world complaining about the current system? Unequal footing/Control! What do you think is motivating the likes of China, Russia to creating their own alternative rating and payment systems? Why has China overtime increase its dumping of US treasuries holdings? In one sentence: THEY WANT TO GET FREED FROM THE GLOBAL ECONOMIC SATANIC BANKSTERS! The fiat money control mechanisms and the Bretton Wood's scheme from 1971 has proved to be subjugate factors limiting and constraining the economic freedom and financial sovereignty of states, while placing the life and future of the global economic order in the hands of a relative devilish few, and many states have discovered this enslaving schemes, hence, the moves to do away with the current settings. Just wait a minute...

Another sign you do not understand economics. Lets Say Libya creates her own currency and ties it to gold like you claim, the "banksters" dont have to go thru Libya central bank to have dominion. Gold is a commodity and Libya currency value will be determined by the elasticity of gold on the commodity markets. meaning, The "dinar" will increase or decrease in value when miner x who lives in Sokoto or Siberia digs up another piece of gold.

meaning Libya is leaving the fate of her currency to the hand of the banksters anyway since the market will always set the price. Even if the dictator decides to have a fixed price for Libya's gold to prevent outside interference, His economy will be under or over valued since simple demand and supply or economic growth is not the factor that determine how much his dinars are worth. Libya will probably be renamed Islamic republic of Depression.

2. Almost all the countries on the African continent is not on the BIS. does that means they do not practice the same fractional reserve system like the rest?.

Another meaningless rant here. If Libya has 150 tonnes of gold and wants all other countries to follow suit, this will lead to a gold rush since every country will be trying to buy gold to back their currency or they will have to devalue their money if they cant find enough. Gold Rush have always lead to inflation ( the same thing he was trying to prevent by having gold back his currency in the first place).

You see yourself? Tell me which economic/financial model is devoid of the tendency of either inflationary or deflationary spiral, as determine by the market force;s of demand and supply, price mechanism and government monetary policies? I will tell you: None! so basing your analysis on aspects of inflation as justification to undermine gold backed currency and blatantly denying the “dark mind” behind the Libyan invasion, is totally myopic, and a disservice to the Globalist sheer concerted efforts to keep the status quo. Now listen! There are those who believe that a fully backed gold standard with all necessary conditions put in place, would reassure relative economic/financial discipline fairplay. That there actually exist a relatively small but powerful group which has succeeded in acquiring a choke-hold on the affairs of practically the entire human race. And that we should be quick to recognize that no small group could wield such gigantic power unless millions of people in all walks of life were “in on the take” and were willing to knuckle down to the iron-clad regimentation of the ruthless bosses behind the scenes. To say that this the main factor driving the gold standard evangelists, would be an understatement. These proponents believe that complete deregulation and privatization (in for-profit hands) of public commons in the hands of few, but overwhelmingly powerful people, is the recipe for economic and financial slavery.
All proponents of this theory agree that a nation's monetary system must fall into this category, of a public commons, to be managed in trust, by their government, for the common good of all its peoples. This is all the more true for a non-predatory international monetary system which ought to sensibly be held in global trust as a global public commons.
And it is noteworthy for privatization impetus that as a non-predatory socio-economics system design principle, when there is an infinite demand for something, and the very life of every man and every woman may depend on its availability, holding it as a social benefit, in public trust, is the mark of wisdom; whereas privatizing it in unaccountable gluttonous hands, is a mark of predatory social Darwinianism.

That is the one key central platform upon which all monetary reformers are united, and have always remain united throughout history. It forms one continuous resistance against aggregated wealth holders who have hijacked control of any nation's money supply.
This resistance is profoundly historical, and even today, brings to bear its entire weight of all historical arguments made against private monopolistic control of a nation's money – from Julius Caesar to Cicero to Thomas Jefferson to Andrew Jackson to Abraham Lincoln to William Jennings Bryan. The latter being the last of the great challengers to private wealth holders perpetually seeking to make a precious limited commodity like gold the standard currency, before the devilish orchestration in 1913, of the present day private banking cartel of the Federal Reserve System, did one better. Legally acquired exclusive private monopoly rights over the most common element, 'thin air'!

Therefore, in these times, we are seeing a resumption of that same thread of resistance – with a clearer understanding of the devil before us, and with an even greater force of cumulative arguments – right from where William Jennings Bryan left off, continuing with his own precise principled words of 1896:
“We say in our platform that we believe that the right to coin money and issue money is a function of government. We believe it. We believe it is a part of sovereignty and can no more with safety be delegated to private individuals than can the power to make penal statutes or levy laws for taxation.”


And of course, not neglecting to be inspired by America's famous “I killed the bank” President, Andrew Jackson's own motivating words:

“You are a den of vipers. I intend to rout you out, and by God, I will rout you out.”


And today we are seeing the same pattern of resistance --Libya under Ghadafi, Iraq under Saddam-- to the list of many nations now calling for their gold and piling up others. Today, what your myopic textbook theory failed to realize, is that, many countries are withdrawing their gold deposits with the US. The likes of Netherlands, Belgium, Austria, France, Germany, name it. It doesn’t end there. Ecuador, Finland, Switzerland, Venezuela, Romania and Poland: They’re all either talking about repatriating national gold or they’ve already done so. Some are clearly countries run by leaders with a populist agenda — to wit, Venezuela and Ecuador. Others are run by sober governments making sober decisions about national wealth in a time of global economic worry.

So, if according to your “blind man's” theory gold is bullsh*t, and is only cranks who knows nothing that wants it, then why the hell are all these countries withdrawing their gold back, asking for them back or simply adding up on them? They are all cranks and id*ots, abi? I just they look you dey laugh.

Face the facts and quit living in denial! These countries want their gold back because they’ve lost trust in the global banking system that they (some of them) themselves are the very heart of. They’re the wizards behind the fiat-currency curtain … and even now, they are scared!

To them, it is better to have local gold back on home ground than exposed to a global financial system that could make retrieving gold in a crisis truly problematic. Taking back their own gold now is the safe bet in an unsafe world staring at the vengeful face of fiscal Armageddon… and thus by this act, it is effectively, a vote of no confidence in modern monetary policies.

Let that sink in!

Now, here is something to consider.

In his open letter to the Commodity Futures Trading Commission, Keith Neumeyer, chairman of First Mining Finance, stressed that the actions of real-world producers and buyers are not determined by financial market operations which are conducted only on paper.

“As China boosted its gold reserves to 600 tons, there is no reasonable ground to speak about the low demand for gold. In this situation gold prices should go up, but actually they do not, according to the article. It turns out that while the market prices indicate that gold is unpromising, real customers continue to buy it in record amounts, it explains.”


Can't you see that your economic theory on “gold rush –dig-ups in Minna and Siberia, etc” only exist in text books and have no bearing on the facts on ground?

Too many on Wall Street, inside the Fed, and those wandering around, talking down gold as a quaint relic, would have you believe that gold has no intrinsic value. Yet all over the world, central banks in countries giant and small disagree, and are piling up gold.

The facts are overwhelming already.

I dey laugh ooo.

But the worst of your microscopic Steven Wonders analysis is yet to come! Please, don’t look below.

And by the way, The US have the largest gold reserve ( around 8,133 tonnes compared to the sh1tty 150 tonnes you keep talking about) so lets say every country returns to gold today, US will still be the richest country without breaking a sweat. not to mention most country have their gold stored in US vaults (Germany, IMF etc). They can kiss their goodbye and the US will still maintain her financial dominance. So it is like running in circles. Dollar still wins.

Blood of goat! This shows that a lot of you guys are living in fantasy @ the bolded, with heads and anus buried in Langley propaganda textbooks. If the US would still remain the king, why are they running from the idea of a return to gold standard? Why are they attacking any nation that dares the current financial order? Like i said earlier, a lot of countries are now withdrawing their gold from the US and also from the Uk. Food for thought, eh?

And what in hell makes you think that the US would still remain the dominant financial power once the gold standard sets in? This alone shows that you don't even understand the dynamics at play here. The U.S. went off the gold standard under President Nixon in 1971. What may not be widely known is that the classic gold standard that the U.S. was utilizing (which Britain and France had followed before) included a 40 percent cover ratio.

What does that mean? “The government will only print money if it has gold in its Treasury equivalent to 40% of the currency in circulation. Phew! That means if you have $10 billion of money in circulation, you have to have $4 billion of gold in the Treasury. A lot of gold bulls don’t realize it was a 40 percent cover.

Now, How Much Gold Is In Fort Knox? (Assuming that there is still actual gold left and that empty vaults are not being guarded, if rumors making the rounds that they have been sold to third parties or stolen, are something to go by.)

Given that the current U.S. federal debt stands at $19 trillion-and still counting, it begs the question, how much gold does the United States own? Currently, the U.S. like you rightly said, does have the largest gold reserves in the world at 8,133.5 tons, according to the World Gold Council. Just for comparison, Germany is a distant second with 3,395.5 tons, (and is withdrawing its own.)

So, the U.S. has a lot of gold, but is it enough to back all their debt? Not even close. Not to mention backing further spending.

A New Orleans based precious metals investment firm, did some quick back-of-the-envelope math.

“One ton equals 2000 pounds. One pound equals 16 ounces. 2000 times sixteen equals 32,000 ounces. With spot gold about $1,760, one ton equals about $56 million,” it says. That equals about $456 billion at current market value, or roughly half a trillion in gold, the report said.
And it went further to say, “Even if we liquidated our gold we could only bring our debt down to $15.5 trillion,” Beam notes. “That’s a lot of shortfall. The next step [for the gold standard] is for them to revalue gold. It would make it go up by 400-500 percent
David Hargreaves, a widely watched mining consultant, has actually calculated a figure at $40,000 per ounce, based on world GDP figures (roughly 100 trillion).

Others have estimated a $10,000 per ounce. But, again even that could be high, as CPM Group’s Christian notes that most gold bulls are assuming a 100 percent cover rate, while historic gold standards have only boasted a 40 percent cover.
Simply put, the big positive of a return to the gold standard “would give us fiscal discipline for governments, businesses and individuals,” says Ken Goldstein, economist at the New York-based Conference Board. “It would force all of us to be more fiscally responsible.
(This is exactly what the globalists don’t want to hear. They must not be restricted by any means!)

With all of these aforementioned facts, how is the US going to be the greatest and dominant nation when such standard set in? You see how shallow this your theory is? It doesn’t match the facts on the ground. And again, here are the facts you are stubbornly refusing to comprehend.

1. Why did the hegemon invading forces have to switch back the financial system set by Saddam back to the status quo immediately after the invasion of Iraq, if they, like you implied, don’t give a dime about the Dollar?

2. Why was Libya labeled a threat to the global financial order? (it was never seen as a threat until the gold dinar proposal)

3. In what way did Libya constitute a threat to the world financial dealings? (other than the gold dinar)

4. Why did the rebels set up a Central Bank of Benghazi within weeks of the uprising? (question for the gods)

5. Why are rebellious or terrorists groups like ISIS not setting up their own Central Banks in places like Syria, Iraq, despite being more formidably entrenched in business dealings and control of territories? (because Assad’s case is only “pipeline,” not the Dollar?)

I guess Missy89 cannot tell. Because, they are not facts on the ground, just conspiracy theories. Even as Guatamela was conspiracy theory, Syria conspiracy theory, Iraq conspiracy theory. Conspiracy theories every where. No, they don’t have anything to do with the oil, the mineral resources or the cash that controls them. At this point, I shook my head in disbelief.

Even when the heat was turned on against President Jonathan, and the Boko Haram activities quadrupled, immediately after Nigeria announced that it’s going to convert half of its foreign reserve holdings from Dollar into the Chinese Yuan, the western clueless (not saying you are one) still shout – “ Sharap there, Appleyard, Nairaminted, Scully95, Zoharariel – they are all conspiracy theories”.

You guys at the other end of the divide need a Rehard Burnkey mix-with T.B Joshua crusade to deliver all of you from western institute of delusive confusion!

The Langley prison is oozing!

appleyard as usual, Crank ranks!

So much malarkey in a single post but I will indulge you and quote few excerpts since you a a gift that keeps giving

So, the U.S. has a lot of gold, but is it enough to back all their debt? Not even close. Not to mention backing further spending.

Name a single country that has enough gold to cover her currency in circulation + debts even if it is 40% of the currency. This is the same reason why Gold WILL NOT back any currency anymore, since countries will either want to buy it or devalue their currency. (Same thing goldbugs like you is trying to prevent) You are actually arguing against yourself here.

Simply put, the big positive of a return to the gold standard “would give us fiscal discipline for governments, businesses and individuals,” says Ken Goldstein, economist at the New York-based Conference Board. “It would force all of us to be more fiscally responsible.
(This is exactly what the globalists don’t want to hear. They must not be restricted by any means!)

Learn your history

Most countries during the first world war were on gold standard. Economists projected that the war will end by Christmas because most of the warring nations will run out of Gold. What happened?

They removed the gold standard and started printing their money. NOTHING bounds a country to a gold standard during recession, depressions, wars etc so the argument that it makes country more responsible doesn't make any sense. Germany did not say " Oh we need to be responsible, we have ran out of gold, let us lay down our arms" They simple abandoned the inelastic method.

It is like saying having the bible will make you no commit sin. You can decide to sin anytime you want to. Most countries were on the gold standard before, If it was foolproof why are we talking about it?

With fiat currency you trade the possibility of hyperinflation for an inevitable hyper-deflationary spiral when the amount of gold ore that can be found runs out with the population continuing to increase

Why did the hegemon invading forces have to switch back the financial system set by Saddam back to the status quo immediately after the invasion of Iraq, if they, like you implied, don’t give a dime about the Dollar?

I have answered this question already but since you asked again. US did not change Iraq's "financial system". Iraq wanted Euros for oil payments (The money was held in a UN Escrow in NY) Most of the oil contractors holding Iraq's Oil coupons were European firms .The Euro also had a high interest rate at the time. When the US and Britain occupied Iraq, The OFF program was terminated (Meaning the coupons were voided and oil trade was ran directly by the Iraqi state which is in extension Britain and the US at the time). Neither the US or Britain who had FULL authority over Iraq spends the Euro.

Will answer the rest of your questions later

As per your Fed reserve conspiracy, I will deal with that too. Please, respond like someone that actually knows how to type and arrange sentences (no offence) It is hard to read for me