Friday, June 16, 2017

Hillary Clinton's emails prove that the U.S. and the West are willing to kill to stop the rise of a gold backed currency

One of the biggest reasons that the U.S. is so hell bent on framing Russia as a criminal on the world stage is not necessarily because of their intervening in Washington's agenda of bring about chaos to the Middle East, but instead because of its potential of destroying America's hold on the world's singular reserve currency.

And there are two ways in which they can achieve this.  First it is by overtaking OPEC and putting an end to the long-standing Petrodollar system.  And second would be through the creation of a gold backed Ruble, which would instantly turn the Russian currency into the most secure form of money on the planet.

Now many Western analysts have been pushing the narrative that a return to a gold backed monetary system would be impossible to achieve, since their faulty premise is based on the total amount of physical gold available to backstop the total amount of worldwide currency.  Of course the real reasons they use this propaganda is because a gold backed monetary system would be a hindrance to a government and central bank's ability to borrow capriciously and without through of any financial consequence.

But the reality is that a gold backed monetary system works just fine if you allow the price of gold to float and not be fixed, and if done on a worldwide scale it would segregate out the nations who destroy their currencies through vast money printing and those who act in a responsible manner, using their money supplies as was intended to control and regulate costs.

With this in mind, and with the advent of Wikileaks disseminating thousands of emails found on former Secretary of State Hillary Clinton's servers, we discover that the unlawful attack on the nation of Libya a few years back, and the subsequent murder of Libyan leader Muammar Gadafi, was enacted entirely because he was in the process of creating an gold backed currency that would not only help grow African nations economically, but also help them to get out from under Western colonialism and the long-standing dominion the U.S. and Europe had over the Dark Continent.

One of the 3,000 Hillary Clinton emails released by the State Department on New Year’s Eve (where real news is sent to die quietly) has revealed evidence that NATO’s plot to overthrow Gaddafi was fueled by first their desire to quash the gold-backed African currency, and second the Libyan oil reserves. 
The email in question was sent to Secretary of State Hillary Clinton by her unofficial adviser Sydney Blumenthal titled “France’s client and Qaddafi’s gold”.
From Foreign Policy Journal
The email identifies French President Nicholas Sarkozy as leading the attack on Libya with five specific purposes in mind: to obtain Libyan oil, ensure French influence in the region, increase Sarkozy’s reputation domestically, assert French military power, and to prevent Gaddafi’s influence in what is considered “Francophone Africa.” 
Most astounding is the lengthy section delineating the huge threat that Gaddafi’s gold and silver reserves, estimated at “143 tons of gold, and a similar amount in silver,” posed to the French franc (CFA) circulating as a prime African currency. - Global Research
So the next time you see the mainstream media pop out another propaganda piece on the evils of Russia or China, know that the economic sanctions imposed back in 2013 were not about Ukraine, or any other opposition to U.S. foreign policy, but completely about trying to stop their tearing down of the petrodollar system, and having the ability to use their nuclear option of one day backing their currency once again with gold.


Where is a link to the HRC e-mail from Blumenthal cited as being your source for this article ? I find nothing - other than one from Sid supposedly documenting possible war crimes, and details of the overthrow. Nothing referencing the 'gold connection', and 'French objectives' at all.

Finally found it - had to follow quite a few link-chains.


Your typical internet nonsense. First the petrodollar died years ago as Canada exports over 3 times more oil to the US than the Saudis. The whole idea of the system was to flood the international financial system with dollars and treasuries and that was accomplished decades ago and that is why Congress thru the Saudi under the bus allowing them to be sued. All countries hold dollars and treasuries as part of their reserves because they are needed to settled trade especially commodities and also to service the trillions in dollar denominated debt to foreign entities and this always creates dollar demand. Last month alone China and Russia purchased billions in treasuries. 50% of all trade is still settled in dollars and 75% of all international financial transactions are done in dollars. There is over $52 trillion in dollars floating around the planet with around $20 trillion in the US.
Secondly the attack on Libya had nothing to do with the country going to a gold back dinar but about stealing their oil and gold reserves just like they did Ukraine where they took over the country's minerals and of course the same thing happened in Egypt and Yemen with them attempting to do the same thing in Syria.
Thirdly China nor Russia are not going to a gold backed currency. This would in fact cause their currencies to strengthen and destroy China's exports and Russia's natural gas exports. In fact both countries have been doing the opposite and were forced to not use the dollar as much to settle trade as dollar strength increased trade settlement cost.
Fourthly very few countries can afford to go to a gold backed currency. The reason is the country must constantly purchase gold to back the new liquidity a country needs to grow. They must also constantly buy gold to restock what went out the gold window as with this system the currency can be exchanged for gold. The idea that a higher price will solve the supply problem is also absurd as a much higher price collapses this system making gold unaffordable. The statement that gold should be allowed to float is also absurd as it already does and this is why you cannot manage an economy with a price that floats. If the price goes down a country must either buy more gold or remove liquidity from the system causing the economy to collapse.
Lastly the idea that this system prohibits governments from over spending is also absurd. When the US was using this they printed way more in dollars because they could no longer afford to buy gold and countries started demanding gold to settle trade instead of dollars with the US finally closing the gold window. This was when gold was only at $35oz and fixed so the idea being promoted by many in the gold community that the US is going back to this is simply absurd.
The alt media has become full of people making all sorts of claims without any facts or proof and none of this is based on any financial or economic reality!

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