By Jay Taylor-
Why the destruction of America now? “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” Marcus Tullius Cicero - 58 BC
An article in Zero Hedge published on Saturday, April 16, 2016, titled, “Saudi Arabia Threatens to Liquidate Its Treasury Holdings If Congress Probes Its Role in Sept. 11 Attacks” really connects the dots in explaining how geopolitical rifts between the U.S. and Saudi Arabia threaten to expose the U.S. dollar scam perpetrated by President Nixon on August 15, 1971. This article is a must read for anyone who cares to understand the reasons that the existing monetary system is teetering on the brink of destruction. Here is the link to that article: http://www.zerohedge.com/news/2016-04-16/saudi-arabia-threatens-us-it-will-liquidate-its-treasury-holdings-if-congress-passes.
Meanwhile, let me summarize the main points in this article as well as a few of my own that are related to the general premise of the Zero Hedge article, namely, that the petrodollar hegemony is about to end, thanks in no small part to a growing feud between the U.S. and Saudi Arabia.
FACT: President Nixon removed intrinsic value and therefore honest legitimacy from the U.S. dollar on August 15, 1971, by causing the U.S. to default on its obligation under the Bretton Woods Agreement to exchange an ounce of gold for every US$35. With his executive order he not only enabled irresponsible spending by the U.S. Congress for international wars and socialism, but he also set the stage for the destruction of the existing global dollar-centric financial infrastructure that is now rotting with debt-laden insolvency and teetering on the brink of collapse and global chaos. The first major quake in this impending doom was the financial crisis of 2008-09.
FACT: Given that all intrinsic value was removed from the dollar in 1971 by President Nixon’s default, in order to con the international markets into believing the dollar held value, Secretary of State Henry Kissinger arranged with Saudi Arabia, the leader of OPEC, for that country and all of the OPEC countries to demand payment for all oil sales in U.S. dollars. By so doing, a guarantee of constant demand (and thus value) for the dollar in the immediate future was guaranteed. Keep in mind that Nixon promised the American people in August of 1971 that the removal of gold from the dollar was only a “temporary” move to root out “speculators” who were blamed for driving the dollar down. In fact it was excessive spending by the U.S. for socialism and Vietnam that was to blame for nations demanding gold in exchange for dollars that was driving the dollar down.
FACT: The majority of the terrorists who drove airplanes into buildings in New York and Washington on September 11, 2001, were Saudi Arabian natives who spoke little English. To pull it off, it is believed they had to have some help from Saudi Arabian citizens.
FACT: On Sunday, April 10, on 60 Minutes, it was revealed that some 28 pages in the Congressional investigative report into the 9/11 attacks on the World Trade Center and the Pentagon have been classified and thus not allowed to be revealed to the American people. Those 28 pages supposedly have to do with Saudi Arabian connections into the 9/11 attacks.
FACT: Osama bin Laden was suspect number one on 9/11, yet the U.S. authorities committed yet another inexplicable act; they evacuated all members of the bin Laden family, who were residing in the U.S. at the time of the 9/11 attacks. The skies over America in the days following 9/11 were in lockdown mode, yet the entire family of America’s number one enemy were released without due question. Furthermore, not only were they unduly released, they also were released on commercial jets—the very mode of transport that bin Laden allegedly used to wreak havoc on the northeastern United States. (http://www.globalresearch.ca/bin-laden-family-members-evacuated-from-us-in-wake-of-the-9-11-attacks/15186)
FACT: Families of 9/11 victims have used the U.S. court system to try to hold members of the Saudi royal family, Saudi Banks and Charities liable because of what the plaintiffs charged was Saudi financial support for terrorism. These efforts have been largely thwarted by a 1976 law that provides some immunity against lawsuits in U.S. courts.
FACT: With growing bipartisan support, a bill has been introduced in the Senate that would reverse the 1976 law and no longer provide immunity to foreigners from U.S. lawsuits. The bill has been sponsored by Democratic Senator Chuck Schumer of New York and Republican Senator John Cornyn of Texas. To be clear, this bill is not meant to deal with U.N. diplomats who might not wish to pay parking tickets in New York City. The bill is intended take away immunity from foreign citizens of nations that are found to be culpable for terrorist attacks that kill Americans on U.S. soil.
FACT: Although Saudi Arabia has always maintained it had nothing to do with 9/11, on April 15, 2016, the New York Times reports that Saudi foreign minister, Adel al-Jubeir, has made it known to the Obama Administration that if the U.S. passes a law to reverse the 1976 law, it will have to sell hundreds of billions of dollars of U.S. Treasuries before Saudi Arabian dollars are blocked by the U.S. courts.
FACT: According to that same New York Times article titled, “Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill,” President Obama is lobbying Congress so aggressively against passage of this bill that some lawmakers and families of the 9/11 attacks are infuriated. The Obama Administration has continually denied the families of 9/11 any right to explore possible connections about a role that Saudi Arabia officials played in the 9/11 events, if any. As reported in the article, Mindy Kleinberg, whose husband died in the World Trade Center on Sept. 11 and who is part of a group of victims’ family members pushing for passage of the bill in the Senate said the following: “It is stunning to think that our government would back the Saudis over its own citizens.”
FACT: But indeed that is exactly what the Obama Administration is doing. It is aggressively keeping American citizens from knowing about the truth of 9/11 by lobbying against passage of this bill. But why? Secretary of State John Kerry told a Senate panel in February that the bill, in its current form, would “expose the United States of America to lawsuits and take away our sovereign immunity and create a terrible precedent.” And, according to the Zero Hedge article, “In a closed-door briefing on Capitol Hill on March 4, Anne W. Patterson, an assistant secretary of state, and Andrew Exum, a top Pentagon official on Middle East policy, told staff members of the Senate Armed Services Committee that American troops and civilians could be in legal jeopardy if other nations decide to retaliate and strip Americans of immunity abroad. They also discussed the Saudi threats specifically, laying out the impacts if Saudi Arabia made good on its economic threats. In other words, the logic is that if the U.S. pursues a full-blown inquiry into the Saudi role behind 9/11, the U.S. itself would be subject to a comparable stripping of immunity—with respect to alleged U.S. terrorist attacks—and “create a terrible precedent.” In effect, the U.S. Government is defending its position by saying that if one can get to the bottom of Saudi terrorism in the U.S., the world may next learn about U.S. terrorism across the globe.
FACT: The U.S. Treasury never reveals how many Treasuries Saudi Arabia and other OPEC nations hold, according to a January 22, 2016, Bloomberg article titled, “Saudi Arabia’s Secret Holdings of U.S. Debt Are Suddenly a Big Deal.” It believed Saudi Arabia is the third-largest holder of U.S. Treasuries, but in reality the total cannot be known because the U.S. Treasury has never revealed the amount of holdings that country or other OPEC nations. (Remember the dollar’s value is derived from an arrangement with OPEC nations to demand payment for oil sales in dollars.) But to show how “special” the OPEC countries are to the dollar and the U.S. Treasury, the Treasury does not reveal U.S. Treasury holdings of the OPEC countries, while in more than 100 countries from China to the Vatican including Russia, the Treasury provides a detailed breakdown of how much U.S. debt each holds. In the case of Saudi Arabia, “its holdings are lumped in with 14 other mostly OPEC nations including Kuwait, the United Arab Emirates, and Nigeria,” according to that same Bloomberg article. But what we can be sure of is that since Kissinger arranged for the petrodollar to replace the gold dollar, the Saudis as the largest seller of oil among OPEC nations do hold a large amount of U.S. Treasuries, so that if they made good on their threat to sell Treasuries it could wreak havoc on the global, U.S. dollar-centric financial markets.
FACT: The Obama Administration has angered the Saudis, given its recent nuclear arms agreement with its enemy, Iran, as well as the refusal of the administration to take a more aggressive stance against the Syrian president, Assad. Regarding the Iranian Nuclear Treaty, keep in mind that Secretary of State Kerry linked a refusal to pass it with a potential trashing of the U.S. dollar. (Zero Hedge, John Kerry Warns “Dollar Will Cease To Be Reserve Currency of the World” if Iran Deal Rejected, http://www.zerohedge.com/news/2015-08-11/john-kerry-warns-american-dollar-will-cease-be-reserve-currency-world-if-iran-deal-r.)
FACT: Saudi Arabia has been lamenting its loss oil market share in China, which is being replaced by Russian and Iran oil sales. And Iran will be producing even more oil and selling it to countries friendly to it, now that the Nuclear Treaty is in effect.
FACT: Russia and Iran have been selling oil to China not for dollars but at least in part for gold, thus reducing the demand for dollars that has led to the dollar maintaining its relevance after Nixon detached gold from the dollar on August 15, 1971. Also, keep in mind that this competitive oil sale has driven the price of oil down dramatically, which also reduces the need for the petrodollar trade.
FACT: However many U.S. Treasuries the Saudis own, they own a huge amount of them, so that if they were to dump them on the world markets it would cause an enormous amount of global turmoil and destruction of the value of the dollar, for which the Saudis would be blamed. That is the opinion of Edwin M. Truman, a fellow at the Peterson Institute for International Economics. Truman said it would be difficult technically to pull off, so given that fact along with the turmoil and blame that would result, Truman thinks the Saudis are only bluffing on their threat to dump Treasuries. But what if the world suddenly realizes the Saudis were found to be guilty of conspiring in the 9/11 attacks and that knowledge led to a destruction of the relationship between the U.S. and Saudi Arabia? Might they encourage “all hell to break loose” and turn toward the East rather than the U.S.? Keep in mind that both Russia and China have recently had discussions with Saudi Arabia.
EDITOR’S CONCLUSION: The insistence of Saudi Arabia that it had nothing to do with the 9/11 attack on the U.S. on the one hand and the aggressive lobbying against the law being pushed with growing bipartisan support by top Democratic and Republican lawmakers in the Senate beg the question. What does Saudi Arabia have to hide?
An even bigger question on the part of the Obama Administration is why it is lobbying so hard against a bill with bipartisan support that would enable the American people to gain some understanding about the role if any that Saudi Arabia played in the 9/11 attacks?
Also, why did the Bush Administration allow members of the Saudi royal family to leave the U.S. immediately after the 9/11 attacks when the U.S. airline industry was in lockdown mode? In other words, why have the past two administrations in the U.S. refused to allow the American people to know the truth about 9/11?
There are two logical reasons why Americans are not allowed to know the truth about 9/11.
- The relationship between the U.S. and Saudi Arabia upon which the petrodollar system has been created will be destroyed. And with that destruction, not only the Saudi government will be destroyed but more significantly, the dollar will be destroyed, which will cause a violent and sudden end to the Anglo-American Empire.
- As noted above, if the law being proposed in the Senate is passed, suddenly Americans are likely to be exposed for their murderous acts abroad in overthrowing governments and killing hundreds of thousands of innocent men, women, and children.
Of course the strains are being put on Saudi Arabia and the U.S. and against the petrodollar, aside from the growing problems between the U.S. and Saudi Arabia. As William Engdahl has reminded us this past week on my radio show, a major part of the world—in fact the most populous parts of the world—China and India with huge populations and Russia with huge resources are setting in place the infrastructure to compete and destroy the petrodollar system and U.S. dollar hegemony. In fact, I believe very firmly that the growing trade between Russia and China is already triggering some of the strains between the U.S. and Saudi Arabia, as the existing dishonest monetary system set in place by Nixon in 1971 is finally starting to rot from the inside out. That’s because with no golden anchor in the system, the western world is issuing massive amounts of debt that is leading to financial ruin of the West. The Saudis are now faced with a choice. Do they stick with a West that is rapidly in decline? Or do they look toward the East, as they seem to be seeking to do, seeking to replace declining markets in the West with a much more populous and youthful East?
If the U.S. seeks to come clean on the question of 9/11 it may indeed cause the Saudis to look eastward. Given the moves recently by Russia, China, India, and other participants in China’s “Silk Road” and the growing amount of global trade that eventually excludes the dollar from international trade, the end of the petrodollar seems a certainty. Thus it seems that events may be coming together that may well ensure the dollar returns to its intrinsic value of ZERO, sooner rather than later.
As John Williams has been arguing for years, massive money printing of trillions of dollars to cover unsustainable debt in the U.S. will eventually lead to the destruction of the dollar and cause hyperinflation in the U.S. Should the Saudis dump dollars, that could be the trigger for the dollar reaching its intrinsic value of ZERO. I hope and pray that is not what is now taking shape. But we need to prepare for that possibility. I don’t know of any better way to do that than to own physical gold and silver, pay off all your debts, and hold enough paper dollars to ensure you have liquidity as long as the dollar’s fraudulent value is maintained.
But in answer to the question as to why Americans are not allowed to know the truth, I don’t think we need look further than the threat of Saudi Arabia to dump dollars. A dollar dump would no doubt not only send the U.S. dollar’s value into a tailspin; it would likely also result in a revolution with those in power fearing for their lives in addition to losing the elitist privileges they enjoy now. And if the dollar hyper inflates, it will go the way of the German deutschemark, and the Anglo American Empire will be finished. When that day arrives, owning gold should make sense from an early perspective. But the only thing that will make sense ultimately will be a return to reverence and obedience to our Creator, which if we had stayed true to, to begin with, the bastardization of the dollar with oil rather than gold would never taken place, in which event we would not now be facing the kind of chaos that seems all but inevitable now.
Jay Taylor www.jaytaylormedia.com www.miningstocks.com
Sources:
New York Times, April 15, 2016, “Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill”
*Picture by Walter Siegmund
Saudi Arabia’s Secret Holdings of U.S. Debt Are Suddenly a Big Deal
