Tag Archives: Petrodollars

Will the unveiling of the infamous 28 pages be the beginning of the end of the US dollar as the world’s reserve currency? The always provocative Brandon Smith argues that it will be just that. From Smith at alt-markets.com:

It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe.

The 9/11 attacks were billed by the Bush Administration as a “wake-up call” for the U.S., and neocons called it the new Pearl Harbor. But instead of it being an awaking, the American public was led further into blind ignorance. The event launched wars throughout the Middle East, energized by a strike-first doctrine which was supposed to bring unprecedented “democracy” to the region. Instead, the Middle East has now become as unstable as it was during WWII.

The penchant for Western governments to fund and train terrorist groups is now verifiable mainstream fact rather than being considered “conspiracy theory” as was the common accusation back in 2001. Pentagon papers outlining support for the formation of ISIS are available for anyone to read. The only disconnect that the public still seems to suffer from is that orthodox Republicans fail to recognize that the support for Islamic terrorism has been just as prevalent under Republican presidents (al-Qaeda) as it has been under Barack Obama. And, Democrats refuse to recognize that Barack Obama has been guilty of all the same criminal foreign policies they used to protest under George W. Bush.

There have been substantial economic consequences as well. The Iraq War alone is estimated to have cost around $2 trillion, with billions more in veteran benefits forthcoming. These numbers, of course, stop accounting for costs after 2010, when the war was deemed officially “over.” Costs continue to this day as the U.S. maintains its military presence in the region along with thousands of private contractors we rarely ever hear about.

The U.S. official national debt in 2001 was around $6 trillion. Today, the national debt has grown to more than $19 trillion. This astonishing debt accumulation is only partially due to combat operations in the Middle East; however, one must also consider the amount of interest owed on debts accrued.

There have also been numerous socio-political consequences post-9/11, including an ever expanding police state mentality which is reaching critical mass. The inevitable outcome will be open totalitarianism in the name of security, and rebellion in response.

Clearly, after 15 years of disastrous policy, it is time to admit that the U.S. response to 9/11 has damaged us far more than the actual attacks ever could.

Many of us in the liberty movement have studied the circumstances surrounding 9/11 extensively, including evidence indicating either government complicity in the attacks, or outright participation. Such a discussion is beyond the scope of this particular article, but I highly recommend anyone skeptical of U.S. government involvement in 9/11 look into the scientific data collected by Architects and Engineers for 9/11 Truth and see if your assumptions are not rattled.

Interestingly, the 9/11 truth movement may be partially vindicated in the near term as debate rages over the release of redacted and classified documents tied to the original government led investigation into 9/11. The problem is, the release of these documents is just as calculated as the original cover-up.

The fact that the involvement of the Saudi Arabian government in the events of 9/11 has suddenly hit the mainstream media this year is probably not a coincidence.

To continue reading: One More Casualty Of The 9/11 Farce – The Petrodollar