My wife, Terri, and I have an on going Family joke that she wishes I'd just drop... about some Bible Prophecy that I told her relatives WOULD definitely happen soon enough -- but they made fun of. I am sure that they forgot about it all, but I like to rub it in -- just a little bit, on rare occasions. This is that time, when I finally see it happening NOW !! Americans are just really bad about studying and remembering their own History, and also forget, or don't know just how much Father God up above has Blessed them !! Few people know or care about the "Petro-Dollar" -- which means that who ever has that great benefit can buy oil and petroleum products with their own country's money script, which in our case is the American Dollar. That means other countries must first buy American Dollars to buy OIL from those countries who are rich enough to be pumping it from the ground or at sea ! Few people/ countries have enough Gold stashed to back up their Paper Currency in the world, and the USA is most likely out of any reasonable surplus of Gold, and other Precious Metals, so we are about to get gutted ! We are also DEEPLY IN DEBT TO MANY OTHER COUNTRIES, mostly thanks to Obama and our COMPLICIT Congress !!! Hello ! At some time, you've just got to pay the Piper, and the Butcher, the Baker and the Candle stick maker too !! When all the bills are due, and with no money to pay off your creditors, bankruptcy is a very bitter pill to swallow, and then any future loans and bills will have a huge charge of INTEREST attached.
This all makes for a very hard, poor, nasty life style, not only for Mom and Dad, but also for the next few generations to come down the pike. Sorry Guys, this story is just starting to get sad...
Sorry, is right ! We will NEVER get back to normal, according to the KJV Bible! Things will only get worse, economically, and spiritually. Except for those smart, happy people who KNOW God, and Jesus Christ, who are "Saved" --- also know that they are promised Heaven! Not that Christians won't have some hardships... Indeed, We Christians in the world are already suffering now, and being killed for our Faith, in Muslim countries. May God give us strength, wisdom and mercy... and He will. But the rest of the Earth will suffer a lot more in the long run.
Now is the time to shut off the TV, and study the KJV Bible. See: biblefortoday.org -- to get the large print DEFINED KJV Bible, and learn it well, even if you don't have a nice, simple, old, country church like we do, U.P. here in the Great Northern part of Michigan, the U.P.
I am not rich either, so I know that we shall suffer, to some extent, too. But we have the Lord to show us the right way, no matter what comes down the pike.
Praise the Lord !
Warm Regards,
Tom Schuckman
By “Punishing” France, The US Just Accelerated The Demise Of The Dollar
05SaturdayJul 2014
Posted in China, Currency, Economic Collapse, Economic Crisis, France, Money, Tyrannical Government, United States, US Dollar
Not even we anticipated this particular “unintended consequence” as a result of the US multi-billion dollar fine on BNP (which France took very much to heart). Moments ago, in a lengthy interview given to French magazine Investir, none other than the governor of the French National Bank Christian Noyer and member of the ECB’s governing board, said this stunner at the very end, via Bloomberg:
Putting this whole episode in context: in an attempt to punish France for proceeding with the delivery of the Mistral amphibious warship to Russia, the US “punishes” BNP with a failed attempt at blackmail (recall that as Putin revealed, the BNP penalty was a used as a carrot to disincenticize France from concluding the Mistral transaction: had Hollande scrapped the deal, BNP would likely be slammed with a far lower fine, if any). Said blackmail attempt backfires horribly when as a result, the head of the French central bank makes it clear that not only is the US Dollar’s reserve currency status not sacrosanct, but “the world” will now actively seek to avoid USD-transactions in order to escape the tentacle of global “pax Americana.”
And, the biggest irony of all is that in “punishing” France for dealing with Russia, that core country of the Eurasian alliance of Russia and China, the US merely accelerated the gravitation of France (and all of Europe) precisely toward Eurasia, toward a multi-polar (sorry fanatic believers in a one world SDR-based currency) and away from the greenback.
Read more at Zero Hedge
- NOYER: BNP CASE WILL ENCOURAGE ‘DIVERSIFICATION’ FROM DOLLAR
Q. Doesn’t the role of the dollar as an international currency create systemic risk?
Noyer: Beyond [the BNP] case, increased legal risks from the application of U.S. rules to all dollar transactions around the world will encourage a diversification from the dollar. BNP Paribas was the occasion for many observers to remember that there has been a number of sanctions and that there would certainly be others in the future. A movement to diversify the currencies used in international trade is inevitable. Trade between Europe and China does not need to use the dollar and may be read and fully paid in euros or renminbi. Walking towards a multipolar world is the natural monetary policy, since there are several major economic and monetary powerful ensembles. China has decided to develop the renminbi as a settlement currency. The Bank of France was behind the popular ECB-PBOC swap and we have just concluded a memorandum on the creation of a system of offshore renminbi clearing in Paris. We have very strong cooperation with the PBOC in this field. But these changes take time. We must not forget that it took decades after the United States became the world’s largest economy for the dollar to replace the British pound as the first international currency. But the phenomenon of U.S. rules expanding to all USD-denominated transactions around the world can have an accelerating effect.
In other words, the head of the French central bank, and ECB member, Christian Noyer, just issued a direct threat to the world’s reserve currency (for now), the US Dollar.Putting this whole episode in context: in an attempt to punish France for proceeding with the delivery of the Mistral amphibious warship to Russia, the US “punishes” BNP with a failed attempt at blackmail (recall that as Putin revealed, the BNP penalty was a used as a carrot to disincenticize France from concluding the Mistral transaction: had Hollande scrapped the deal, BNP would likely be slammed with a far lower fine, if any). Said blackmail attempt backfires horribly when as a result, the head of the French central bank makes it clear that not only is the US Dollar’s reserve currency status not sacrosanct, but “the world” will now actively seek to avoid USD-transactions in order to escape the tentacle of global “pax Americana.”
And, the biggest irony of all is that in “punishing” France for dealing with Russia, that core country of the Eurasian alliance of Russia and China, the US merely accelerated the gravitation of France (and all of Europe) precisely toward Eurasia, toward a multi-polar (sorry fanatic believers in a one world SDR-based currency) and away from the greenback.
Read more at Zero Hedge
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