The rest is created by the Federal Reserve which loans money that they don't have, mostly to government. With debt based currencies money is literally loaned into existence.Īpproximately 70% of the money in circulation is created by ordinary banks which are allowed to loan out more than they actually have in their accounts. In 1971 in what later came to be called the "Nixon Shock" President Nixon removed the dollar from the gold standard completely.Īt this point the dollar became a pure debt based currency. The result was rampant inflation and a general flight from the dollar.
Translation: the Federal Reserve was printing more money than it could actually back. dollars, however the United States had only $3.2 billion in gold allocated to cover foreign holdings. According to the IMF, by 1966, foreign central banks held $14 billion U.S. dollar was bound to the gold standard, at least officially. Many currencies have held the reserve status off and on over the centuries, but what makes the dollar unique is the fact that since the early 1970s it has been, with a few notable exceptions, the only currency used to buy and sell oil on the global market. Though it has been the world reserve currency since 1944, this is not what makes it unique.
In fact its current design and its relationship to geopolitics is unlike any other in history. Once you understand why, the events unfolding in the world right now will make much more sense.
As such, when you see the mouthpieces of the ruling class begin to demonize a foreign country, the first question in your mind should always be "what is actually at stake here?"įor some time now Russia, China, Iran, and Syria have been in the cross hairs. The real reason Russia and Syria are being targeted right now.Ĭontrary to popular belief, the conduct of nations on the international stage is almost never driven by moral considerations, but rather by a shadowy cocktail of money and geopolitics. If you are having any issues, shoot us an email, Contact MPGH Support.
THE GEOPOLITICS OF WORLD WAR III FREE
THE GEOPOLITICS OF WORLD WAR III FULL
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