Dollars

About two months ago dollar has reached its lowest value since 2015, continuing the negative trend of the 80s of the twentieth century. The US authorities claim they prefer a "weak dollar" becouse the cheap national currency allows better trading condition. Since the end Second World War , dollar owners - the most powerful banking trusts in the hands of the US Treasury and Federal reserves have concluded that aggressive US policy can maintain only by forcing poor oil producers to replace their commodities with the US national currency.*

Control oil and you control nations, control food and you control people. - kissinger.

By well-known methods (abductions, wars, riots, removal of political opponents etc.), America has made a good foundation for meeting national interests. But there was an obstacle, the dollar "covered" with state reserves of gold and silver. This standard has prevented uncontrolled dollar printing and distribution of states gold and silver. Because of the huge reserves of precious metals, the US economy was stable, poverty was slowly disappearing, the American dream resembled reality and inflation was minimal.

Bretton Woods

A "safe dollar" draft was created in Bretton Woods in 1944, and the event was attended by the most influential UN members who thought the economic recovery after the exhausting war could ease the dollar, the value of which would directly depend on the value of gold and silver.

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Nevertheless, security and stability prevented Nixon and his subscribers from financing the Vietnam War, for which they calculated that they would cost at least $ 500 billion of the current dollar. War games prevented something else, namely President Kennedy and Lyndon B. Johnson have provided numerous "expensive" social programs, such as health insurance, social benefits, food bills, free schooling, free qualifications and retraining, direct food aid and direct medical assistance to the needy and incentive programs for self-employment. Such socialist tendencies have come to an end.

President Nixon's Executive Order No. 11615, issued in August 1971, prohibited the direct conversion of dollars for gold and silver, more precisely, the US state should no longer have in its possession as many precious metals as it should. By abolishing the "silver clause" the dollar has become worthless "toilet paper", as private bankers can print and distribute it without any coverage.

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At this point, the dollar is transformed into a Petro dollar, and US tends to become a direct oil and gas flow controller, even in countries with socialist arrangements that do not have enough influence to connect oil with their own money. The look of the dollar itself is changing, it loses the state obligation on his gray face: "Silver certificate" and the statement "We are committed to secure the value of the dollar in a state treasury".

This graph shows the dollar's decline since the termination of the silver clause, but with the weakening of the USSR and the strengthening of the Americas influence in the world, it jumped abruptly to bring its value back to the present, with unusual high jump rates linked exclusively to the US occupation of rich oil countries.

Hellish plan

Americans should only think of a "hellish plan" by which state oil producers will accept the dollar without cover.Richard M. Nixon and his Secretary of State Kissinger knew that the destruction of the dollar on the Bretton Woods principle would be a dangerous game which could decrease world demand for dollar, but there was a phenomenal idea of how the petro dollars could be realized with the exhaustion of Saudi Arabia in the peak from which they will not be able to pull out.

According to the Kissinger-US agreement proposed to the Saudi Royal House, America offered the Saudis military protection and the protection of their oilfields and plants in exchange for the purchase of their oil in the DOLARS with the obligation that the oil is also sell in US dollars.

Beginning in the mid-1970’s the American Century system of global economic dominance underwent a dramatic change. The oil price shocks of 1973-1974 and 1979 suddenly created enormous demand for the floating dollar. Oil importing countries from Germany to Argentina to Japan, all were faced with how to acquire export-based dollars to pay their expensive new oil import bills. The rise in the price of oil flooded OPEC with dollars that far exceeded domestic investment needs, and were therefore categorized as “surplus petrodollars.” A major share of these oil dollars came to London and New York banks where the new process of monetary petrodollar recycling was initiated.

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According to the above mantioned dollar is losing power every time a country decides to change oil and gas for another currency. Iraq just before Saddam Hussein was assasinated has decided to sell its oil for other currencies, Libya governed by Muammar al-Gaddafi decided to sell oil to local African currencies and euros until a Pan-African common currency was created, both countries were destroyed and robbed, where The US had a leading role. Iran has been trying to avoid selling its oil in US dollars,for that reason US initiated war between Iraq and Iran (1980-1988) while still considering Saddam as their ally. In the last 10 years, Iran has sold oil to Euros and Chinese Yuan, which is directly affecting the value of US dollar. America has gone so far that it has organized a civil war in Syria and has continued to sharpen its policy with Russia and BRICS members and Iran.

Conclusion

As we can see, the dollar is in trouble, more and more nations are beginning to show resistance to such modus operandi provoked by USA, and it is only a matter of time when the dollar will collapse. At the end of the day, it is not a question of whether the dollar will collapse, but when will it fall and how will the world react to such a waste? I wish I am wrong, but if we consider that the world's crises were always closely linked to America don't know why would it be different next time it happens. Petrodollar has no more room for progress- which is its main doctrine- when progress stops the value drops... I hope you get the point, cheers!