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7 of the Most Important Economic Events of the Last 7 Years: The Buildup to World War III PDF Print E-mail
Peace News
Sunday, 18 November 2007 05:33
7 of the Most Important Economic Events of the Last 7 Years: The Buildup to World War III

PEJ News - chycho - Since the year 2000, the following seven events have either caused or been the symptom of the present economic crises:

1) Year 2000: Iraq dumps the US dollar and switches to the Euro

2) Year 2005: Rewriting the U.S. Bankruptcy Law

3) Year 2006: Discontinuance of M3

4) Year 2006: Iran moves from US dollars to the Euro

5) Year 2006/07: Subprime Market Collapses

6) Year 2007: Run on The Bank in the UK

7) Year 2007: 52% Support U.S. Military Strike Against Iran

If World War III, the minimum expected death toll for which is 200 million, is allowed to take place to save the banking institutions from collapse, then it is a true sign of corporate economic intelligence and control, however this well not resonate well with humanity, but then again, corporations are anything but human and war is everything but humane.

chycho
www.chycho.com


Since the year 2000, the following seven events have either caused or been the symptom of the present economic crisis:

1.

Year 2000: Iraq dumps the US dollar and switches to the Euro - The following article,"The Real Reasons for the Upcoming War With Iraq", which was written before the US invasion of Iraq, lays forth an argument that the war in Iraq was not just about oil but about the currency in which oil is traded. It is mandatory reading for anyone who wants to understand the basic concepts of American foreign policy, economics, and its military operations around the world. This article states that the principle reason why the United States invaded Iraq was because Saddam Hussein in the year 2000 went "ahead with its plans to stop using the U.S. dollar in its oil business" and start using the Euro.

Iraq switching from the US Petro-dollar to the Euro meant that countries would no longer be obligated to buy oil in US dollars, so they would no longer have to maintain their US dollar reserves.

Since reaching a double top in the year 2001/02, the US dollar has been devalued approximately 35%.





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Even though Iraq dumping the US currency is no longer an issue because the United States is now occupying Iraq, many countries continue to sell the dollar, converting their reserves to other currencies. Some of these countries include: Sweden, Cuba, U.A.E., China, Russia, India, Indonesia, North Korea, Venezuela, and many more. If the tipping point has been reached, it would explain the dollars dramatic devaluation.

2.

Year 2005: Rewriting the U.S. Bankruptcy Law - After years of lobbying, the
Last Updated on Sunday, 18 November 2007 05:33
 

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