On Sept. 11, Pastor Lindsey Williams, former minister to the global
oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S.
dollar since its inception as a
currency.
For the first time since the 1970's, when Henry Kissenger forged a
trade agreement with the Royal house of Saud to sell oil using only U.S.
dollars,
China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.
Lindsey Williams: "The most significant day in the
history of the American dollar, since its inception, happened on
Thursday, Sept. 6. On that day, something took place that is going to
affect your life, your family, your dinner table more than you can
possibly imagine."
"On Thursday, Sept. 6... just a few days ago, China made the official
announcement. China said on that day, our banking system is ready, all
of our communication systems are ready, all of the transfer systems are
ready, and as of that day, Thursday, Sept. 6, any nation in the world
that wishes from this point on, to buy, sell, or trade crude oil, can do
using the Chinese currency, not the American dollar. - Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11
This announcement by China is one of the most significant sea changes
in the global economic and monetary systems, but was barely reported on
due to its announcement taking place during the Democratic convention
last week. The ramifications of this new action are vast, and could
very well be the catalyst that brings down the dollar as the global
reserve currency, and change the entire landscape of how the world
purchases energy.
Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the
index
to today's price of 79.73. While analysts will focus on actions taking
place in the Eurozone, and expected easing signals from the Federal
Reserve on Thursday regarding the fall of the dollar, it is not
coincidence that
the dollar began to lose strength on the very day of
China's announcement.
Since China is not a natural oil producing nation, the question most
people will ask is how will the Asian economic power get enough oil to
affect dollar hegemony? That question was also answered by Lindsey
Williams when he pointed out
a new trade agreement that was signed on
Sept. 7 between China and Russia, in which the Russian Federation agreed to sell oil to China in any and all amounts they desired.
Lindsey Williams: "This has never happened in the history
of crude oil. Since crude oil became the motivating force behind our
(U.S.) entire economy, and everything in our lives revolves around crude
oil. And since crude oil became the motivating factor behind our
economy... never, ever has crude oil been sold, bought, traded, in any
country in the world, without using the American dollar."
"Crude oil is the standard currency of the world. Not the Yen, not
the Pound, not the Dollar. More money is transferred around the world
in crude oil than in any other product."
"On Friday, Sept. 7, Russia announced, that as of today, we will
supply China with all of the crude oil that they need, no matter how
much they want... there is no limit. And Russia will not sell or trade
this crude oil to China using the American dollar." -Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11
These duo actions by the two most powerful adversaries of the U.S.
economy and empire, have now joined in to make a move to attack the
primary economic stronghold that keeps America as the most powerful
economic superpower.
Once the majority of the world begins to bypass
the dollar, and purchase oil in other currencies, then the full weight
of our debt and diminished manufacturing structure will come crashing
down on the American people.
This new agreement between Russia and China also has serious
ramifications in regards to Iran, and the rest of the Middle East.
No
longer will U.S. sanctions against Iran have a measurable affect, as the
rogue nation can simply choose to sell its oil
to China, and receive Yuan in return, and use that currency to trade
for the necessary resources it needs to sustain its economy and nuclear
programs.
The world changed last week, and there was nary a word spoken by Wall
Street or by politicians who reveled in their own magnificence as this
event took place during the party conventions. A major blow was done on
Sept. 6 to the American empire, and to the power of the U.S. dollar as
the world's reserve currency. And China, along with Russia, are now
aiming to become the controllers of energy, and thus, controllers of a
new petro-currency.
For more on finance and economics, you can follow Ken Schortgen Jr on
Twitter, and listen to the weekly economic roundup segment of the
Angel Clark radio show from 6-7p.m. est on Friday evenings.
