Chris Blasi: Iranian Crisis Evolving into Dollar Hegemony and Western Power Challenge!

• The USD is unlikely to survive the challenge. The Illuminists know this. Their plan is: “If I am going down to hell, all of you are coming with me!” They want to move the world to a New Monetary Hegemony – One World Currency backed by gold. How do you get countries all over the world to abandon their national currencies and accept this new single world currency? You destroy all currencies via hyperinflation! Debasement of all fiat currencies against hard assets ie. gold ! You go to war against all countries who refuse to bow down to this new Illuminist global economic, financial and monetary hegemony! Got physical gold yet? (emphasis mine)
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  Sovereigns Declare War on US Dollar
  Iranian Crisis Evolving into Dollar Hegemony and  Western Power Challenge!
  By: Chris_Blasi, http://www.neptuneglobal.com/ 
  Profoundly  significant news came out of the Middle East on Monday January 23, 2012.  The headline via DEBKAfile* reads:
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  India to Pay Gold Instead of Dollars for Iranian  Oil. Oil and Gold Markets Stunned
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  Within the body  of the report were gleaned these crucial items:
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  1. India has become the first  buyer of Iranian oil to agree to settle purchases in gold.
  2. China is expected to follow  India’s move.
  3. Approximately 40% of Iran’s  total oil exports are consumed by India and China.
  4. Settling oil transactions in  gold enables Tehran to circumvent the EU’s upcoming freeze on Iran’s Central  Bank assets and the oil embargo announced Monday January 23rd.
  5. Due to the magnitude of the  transactions proposed, the price of gold is expected to rise and the Dollar’s  value depressed on world markets.
  6. The EU currently accounts for  approximately 20% of Iran’s oil exports.
  7. The transactions are to be  facilitated via two Indian state owned banks and a Turkish state owned bank.
  8. Financial mechanisms have also been  implemented between Iran and Russia for the settlement of oil purchases in  currencies other than the US Dollar.
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  At this point in  time it is unnecessary to rehash the dismal state of fiscal and monetary  affairs that plague the US.  Excluding the willfully delusional, it is clear to any honest analyst that the gargantuan  debts of the US can never be paid in full with dollars retaining current  purchasing power.  Further, with the insatiable need to issue exponentially growing volumes of debt to keep the welfare/warfare state hobbling along, who would willingly continue to finance such a debacle?  All that’s left to supports  this failing fiat experiment is an entrenched, yet deteriorating, reserve  currency system to which there has not been a functioning alternative to date.
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  It is because of  this macroeconomic environment, and the policies that gutted a previously  productive goods producing economy, that the only tool left for the US to maintain the status quo is to defend at all costs the Dollar’s reserve currency status….and  its foundational component the Petro Dollar.  This is most likely the motive behind the quickening drumbeat to go to  war with Iran. If keeping the world safe from rogue states with nuclear capabilities were the sole motive, than why have North Korea and Pakistan been given a pass?
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  Unlike the  invasion of Iraq, whereby that oil rich nation had no allies come to its aid or  at least none with the wherewithal to dare protest in a meaningful way, the Iranian crisis is developing into a far more serious geopolitical happening.  Just as most wars are a smokescreen for  behind the scenes power plays between the various ruling class, the events  unfolding in the Persian Gulf look to be such in spades. What will shock the world when the actions  reported above are fully digested is the choosing of sides and the clandestine development  of alternative financial mechanisms by those nations previously believed not  ready or unable to challenge the Western elites.
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  Following years of speculation as to the fate of the US Dollar and the lengths to which Western  bankers would go to defend the system that serves them so well, could today’s  headlines be the proverbial ringing bell? Unfortunately, the actions of most bankrupt and overextended empires is  to march its people into a calamitous war. As with all historically recorded futile endeavors in defending the  indefensible (i.e. a debt based paper monetary system), the most likely financial  survivor will again be gold.

[youtube=http://www.youtube.com/watch?v=6u7KnXyrKmQ]

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