Monetary systems and war a very interrelated. They are both means of allocating resources. When one breaks down there is usually a war. That is kind of how it has worked in the past.
The dollar centric system has been a huge advantage to it’s citizens. Allowing them to allocate 25% of the worlds resources with 4% of the population. It was a pretty nice system for US citizens.
You all ready get the sense from some posters that using the military is good option to keep enforcing the use of the dollar system.
Now extrapolate that to the rest of the country and the political ramifications of 99% of the population’s life style getting cut in half.
You’re going to have half the country calling for blood, which is the probably the same half of the country that suspects Obama may not be an eligible president. It’s a dangerous situation.
At this point, to me, it’s obviously that dollar-centric world order is ending . I’m more interested in the politics of it than anything else.
Rep Grayson and Paul just sent a letter to Obama to stop the confirmation hearings of Bernake. Obama just re-appointed him a few months ago. I’m pretty sure Obama knew he was not going to be confirmed.
The Audit the Fed bill, looks like it is being pushed through. This is the same bill that the Fed and top banks have warned congress that it would crush the global economy and dollar if pursued.
The judge on the lawsuit against the Fed just ruled in favor of Bloomberg to take a look at it’s books. They have until november. Again, they are threatening to destroy the dollar and global economy if forced to open their books. Really, they said it not me.
Besides the usually suspects in Russia, China, etc. You have France, Germany and Japan basing the Fed.
Now think people. If the Fed and banks said that the dollar and global economy would be crushed if their books were looked at, what do we think will happen when they are. It’s going to happen in a month or so.
Obviously, a dollar dislocation put’s Obama in a sticky situation, being that he has been openly supportive of Bernake. Which really, he had no choice in the matter.
I’m sticking with my prediction form the beginning of this year that Bernake and Giethner will be gone by march 2010.
