Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar. Estulin first reported on this initiative as being deliberated at the most recent Bilderberg meeting held in Greece in May 2009. Estulin says that the success or failure of this callous plan hinges on the ability of the US and UK representatives to convince the Russian, the Chinese and other national governments to go along with their scheme.
Estulin maintains that if the co-conspirators succeed, such sudden devaluation of the US dollar would result in the sinking of the world economy through a chain-reaction collapse of the entire world’s financial system. As discussed during the Bilderberg Group’s super-secret conclave back in May, this breakdown would then be used as an excuse to launch a new world monetary system. G20 leaders are aware that those who run the monetary markets, the monetary system, control the world. That is why today, the world is run through a dominant one-currency monetary system and not by national credit systems.
A severe breakdown crisis would affect every corner of the world and be a prelude to instability, wars and general hostility along financial, geographical and geopolitical lines, affecting not only particular countries but also societies, cultures and whole continents. Such a breakdown could result in a consolidation of the world’s monetary system.
Estulin declares that the creation of the new world currency is the true meaning of globalization, which is nothing but an empire. It is the elimination of the nation-state, the degradation of individual national liberties and the depredation of civil rights.
Collapsing the US dollar, first of all, is an assault on the structure of the United States economy toward the creation of a “World Company.” This concept, Estulin states, was initially discussed at the April 1968 Bilderberg Group meeting, held in Canada at Mont Trembland, by George Ball, a senior Lehman Brothers banker and former undersecretary for economic affairs for Presidents John Kennedy and Lyndon Johnson.
The aim of this World Company, as explained by Ball was “to eliminate the archaic political structure of nation-state” in favor of the more “modern” corporate structure. Ball also called for further political integration in Europe, and then the rest of the world, as a precondition for expanding the power of a World Company, thus putting the financiers on the same levels as governments.
This initiative, the moving away from the US dollar as a world currency, is the true intention of the G20 meeting November 6-7 at St. Andrews in Scotland, the site of the 1998 Bilderberg conference, Estulin asserts.
Guys like this are nuts. The leaders are actually trying to save the current system, not destroy it! Unfortunately, with World debt unwinding, massive defaults on bonds and CDO’s is likely
to cause massive deflation. China and
Arabia hold massive amounts of US,
UK and EU debt. If any of these default
it will set off a world wide chain reaction and cause the World economy to collapse. That is what they
are trying to prevent. Personally, I don’t
think they can hold it off much longer.
Massive defaults on mortgages in the
US will probably be the trigger that sets off the collapse. Debts will be worth pennies on the dollar. Cash will
be king and gold will drop to $50/oz.
Real Estate will drop like a rock but on
the positive side, everyone will own their property free and clear. It will be
the start of a new beginning. Brace for
high unemployment and massive bankruptcies. But we will survive if the
politicians can avoid WW III.
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tyler durden Reply:
November 3rd, 2009 at 4:26 pm
Everybody has their own opinion…
Worthless paper cash will be king? Gold will be $50? If the cash is backed by a commodity, then possibly.
Fact: Gold and Silver have replaced fiat money for centuries.
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Ang Reply:
November 3rd, 2009 at 5:05 pm
Mike:
What are you smoking and where can I get some?
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http://www.wntube.net/play.php?vid=4617
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Like Ron Paul told Michael Moore on Larry King: It’s “Corporatism, NOT Capitalism, that’s failed”
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i thought the theory was the USA corporation would turn on the printing press to avoid defaulting on this debt, making it easier to pay off by causing inflation/ robbing anyone holding $.
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The truth will unveil itself over time,we watch it unfolding before us.The need to try an understand what is happening to the world.. The effects that are occurring from changes that are out of our direct control.What is different,what has changed for us?All is not right in our eyes an the seemingly endless opinion steam can be overwhelming.
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You have to remember a little history. The Rothschild banking dynasty is based on how much gold they control. Some say they control around 90% of the world’s gold.
The Rothschilds always subvert public history by controlling each nation’s respective public schools. Therefore, history–on their part–cannot be fully investigated.
What they did during the early 1920’s was to take back their extension of physical gold that was amassed by the US farmers for growing the massive food supplies for WW1 left the US farmers holding much physical gold. So the Rothschilds banking house created the Agricultural war on the farmers–hence the 1920-1922 agricultural depression. This made the farmers not only turn in their gold, but many of them lost their farms because of the debts they had ammassed during this self-imposed agricultural war.
They–Rothschilds–did the same thing to the American populate during the twenties leading up to the great market crash of 1929. The gold was purchased high by the US citizens, and then the Rothschilds cause another economic calamity where the US citizen sells the gold at a huge loss.
The samething is happening now, and will end with the gold again at 20% of its value.
The only way to stop this nonsense, is to not invest in the gold. Ona side note, the Hunt Brothers tried to create the silver as a new exchange commodity, but as you would know it, the Rothschilds controlled Congress stopped it dead in its tracks.
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Reality Check Reply:
November 4th, 2009 at 1:56 pm
Another historical fact that should be read is the Gold Recovery Act of 1938 signed into law by FDR. This law is so treasonist that one has to start wondering, not just how gullible the American people are–but how damn weak and completely stupid we have become. The entire US populates gold was rounded up, and Fort Knox was built to house it. The gold was shipped there and has been systematically sent back to the City of London where the Rothschild banking house is.
There is not one ounce of gold there.
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Gold coins/Silver—>works only as a Money Instrument to be used only as emergency reserve with fluctuating value during a “CRISIS,” {THE VALUE DEPENDING ON WHO’S BUYING OR SELLING GOODS} IT IS NOT A INVESTMENT YIELDING INSTRUMENT AS THE JEWISH PHONY MONEY CHANGERS IN THE MYRIAD OF “GOLD IS KING” INDUSTRY HAVE YOU BELIEVE. For example if a Economic Collapse happens, 85% of the population’s money will be useless, therefore those tiny percentage of Gold owners are at the mercy of the majority when it comes to critical services or goods for sale. A person can tell the Gold Owner Ill sell you this Gun for 1 ounce gold coin, even if the gun is worth much less than that, or the Gold owner will as most already have lots of food and stuff stockpiled already, which will also make him a PRIME TARGET for robbery and Murder during a crisis.. When the collapse happens all it will mean is that the dollar will be replaced with another currency, so say for example a Amero, it will take 6 Ameros to buy you a Big Mac that cost $2 former US Dollars. Which basically means the Jewish Banksters will have turned the US into a 2nd or 3rd world country overnight. Study Russia, Argentina, Mexico, etc, etc, of course if a Nuclear Bomb goes off somewhere in America(false flag) then were all shit out of luck, unless you have a fallout shelter.
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this is a short interesting film about predictive programing,gi joe to the new V to the stand and matrix very interesting http://www.youtube.com/watch?v=BBBNXHEtalo
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I will not invest in gold when the Rothschilds are controlling the price of gold. It will turn out to be just a shiny piece of coin, worthless. All that glitters is not gold! Property, they say, never loses its value, but I fear all privately owned property will also be confiscated and we will be serfs on the land we once owned. That is the real tradgedy. We are heading for a new DARK AGES!
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Owning your own home free and clear in a safe place with stored food
and barter items like ciggies, booze,
morphine pills and basic medicine are one’s best bet. When the crash hits, the ATMs will be shut down so keep some cash on hand. Oh and don’t forget the guns and ammo for self defense. The Cops won’t be able to protect everyone, so band together
with friends and family to help one another. Forget the gold, it will crash!
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