The Last Days of Paper Money

in #oil8 years ago

We are clearly at the beginning of the countdown of the last days of our actual paper money system. The whole story started with the creation of the Federal Reserve central bank system in 1913 of which we are now see the ending of the last circle from 1971. One clear signal in the dark universe of money is the rising star of Bitcoin and other krypto currencies. As writing this sentence the price of Bitcoin is at 2.925 Dollar. The future of money is definitively in the realms of the crypto currencies and I think that Bitcoin will be one of the moneys used in the nearby future. In August 1971 Richard Nixon ended the gold standard of the agreement of Bretton Woods from 1944 for the United States. In a normal functioning economy it would have meant the end of an era or the bankruptcy of the USA. But the elitist parasites had a quite good idea and flew to Saudi-Arabia to invent the so called Petrodollar which is now dying in front of our eyes. The concept of the Petrodollar was the agreement with Saudi-Arabia was that all oil purchases on earth had to be paid in Dollars. Therefore every nation on the planet had to buy US-Dollars in order to pay for its oil. The demand for a lot of Dollars allowed the US Federal Reserve Bank to print more funny money to finance the party of the Western countries until these days. In order to receive this deal Saudi-Arabia was able to enforce the islamification of the West because they had the power and the US-Army had to protect Saudi-Arabia and its allies. The Petrodollar is also the reason why we still drive with fossile powered cars as electric cars all over the planet and alternative energies would have crashed the oil backed US-Dollar. But this system is now coming down. The Dollar is moving downwards, the oil price is marching downwards (as of last year there was a relation that when the Dollar rises, the oil went south. Now both go southwards which is no good sign at all). In my we had the second impact of oil down with 45,89 Dollar per barrel (first was in march with about 48 Dollar per barrel) which led to a irrational gas pricing in Germany which lasts until today. And now I am waiting for the third impact in June which may be south of 45 Dollars per barrel. The difference now is that even the "attack" on the London bridge nor the events in Qatar can stop the oil price from his trip downwards. Only Bitcoin is going up like a moonshot.

To be continued

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Certainly a good summary. We are living in very interesting times.

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