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The moment the American Dollar loses its reserve status, the United States will collapse.
On this we agree, however it isn't the reserve simply because of cool images of the founding fathers on the toilet paper. It's because IT IS THE OIL RESERVE NOTES, the petrodollar.
When progressives like Obama, the Clinton's, and their globalist crew take down the substances (fossil (not really) fuels) which grease the world economies... then, and only then, will the USD become defunct and the US will collapse.
This is what the globalists want and need to carry out their OWG aspirations. The past four Presidents have set the foundation for this to occur. The UK referendum has shaken them, and that's when they started crying doom and gloom; the market hiccuped for two days... and now have retraced all those losses. The GBP has started to edge right back up.
The globalist establishment are twits and don't know how to handle the multi-millions of people who are sick of their nonsense.
Why did America become so powerful?
• It wasn’t raw materials and natural resources. Many nations had more.
• It wasn’t population. Many nations had greater populations.
• It wasn’t precious metal treasure. Many nations had far greater treasures.
• It wasn’t climate. Many nations have a far better climate overall.
What establishes evidence that America has “power”?
__ Military __ Fuel __ Arms __ Intelligence __ Funding
A population willing to obey and pay taxes?
A hard working and creative population?
Hard to say, exactly.
On the other hand, one could destroy America’s military industrial complex, by simply withdrawing consent* from the socialist democratic totalitarian police state in power since 1933.
Pursuant to American law, no government instituted to secure endowed rights can tax endowed rights. Only government privileges are subject to taxation and regulation. Ergo, if Americans withdrew from all consent to be governed (and taxed), the government would cease to have millions to rule, and millions to tax. With a 97% reduction in revenues and subjects, the down sized government could not afford the mighty military. (Good bye to all unWars and foreign bases and bribes to keep them open.)
With the government reduced to the original delegated power to secure rights (adjudicate disputes, prosecute criminals, and defend against enemies, foreign and domestic), and widespread arming of Americans, the nature of America’s power would change.
Under the republican form of government, where the sovereign people have endowed rights (natural rights, natural and personal liberty, absolute ownership, etc), servant government can’t govern (rule) without consent of the governed. No abrogation of liberty “to prevent crime.”
And if the people refuse to consent to usury, the bankers (currently ruling the world) would be stymied. No usury (interest). No artificial persons engaged in usury (stock corporations). No underwriters (insurance). No collectivism / socialism (compulsory charity / slavery).
Billionaires become Zero-aires. This will not end well.
(*Withdrawing from citizenship and socialist insecurity and banking would cripple the government, virtual and real, as well as wipe out the fungibility of federal reserve notes - aka - “dollar bills” which would no longer be legal tender. The fact that there is insufficient bullion to return to hard money / coin would require a renegotiation of the system of trade based on money tokens.)
It wasn’t raw materials and natural resources. Many nations had more.
Which nations had more? The only two countries which might have more natural resources than the United States, would maybe be Canada and Russia. But both of those countries are cold, and most of their land is basically empty, and you can't grow anything.
The United States has the best actual resources of anywhere in the world, and we had them at the perfect time.
In the early days of America, the most-important resources were food, cotton, coal, and iron. The United States held a near-monopoly on cotton. Which fed the textile mills that drove early industry, both in the United States, and in Europe. The reason why the south thought cotton was "King", and thus why they thought it was a good idea to secede from the union. Was because they believed that cotton was so necessary for Europe's industry, that the European powers would intervene to guarantee southern secession, to prevent any interruption of American cotton exports to Europe.
American cotton was at the time as an important a commodity for European economies, as oil is today.
The only reason Britain and France didn't intervene in the American Civil War, was because nearly a third of their food came from the union. A war with America would have led to severe food shortages across Europe, and collapsed their economy, and thus destabilized their governments.
After the Civil War, the United States put up massive tariffs on trade, and then began to subsidize our heavy industry(such as the railroads, steel industry, and manufacturing). We were able to accomplish this, because we produced far more food than we could eat, and were able to sell our surplus to world markets. And we also had more iron, and coal than we could use, and sold our surplus to world markets.
Furthermore, the fact that we had all the food, coal, and iron we could use, it made it cheaper to produce our manufactured goods, compared to the European powers, who had to ship most of their resources across the vast oceans from their colonies into their cities and industries(plus the cost of maintaining their empires). Giving America a huge advantage.
Then, after the Germans invented the car, guess who had all the oil? The United States. We were the largest exporter of oil in the world into WWII. The Japanese were desperate for American oil. Which is why the embargo hurt them so badly, and they felt forced into attacking the American fleet at Pearl Harbor, because they could only continue the war by invading the British East Indies, to take the oil and rubber there.
And during WWII, the Germans were so desperate for oil, they were actually converting their coal, very inefficiently, into oil/fuel/lubricants.
In fact, the Germans were so desperate for oil during WWII, that they converted all their cars into "wood-gas" cars, because all the gas was needed for the war effort.
What exactly do you think the European colonies were for? Do you think they just enjoyed oppressing and enslaving people for no reason?
I mean, why do you think Hitler was so desperate for "Lebensraum" in WWII? During WWI, the first thing the British did, was use their Navy to dominate the seas, cutting Germany off from its colonies, which led to a German famine.
The British then severed Germany's access to French iron ore(which is why after WWII, France and Germany formed the "Coal and Steel community" as a precursor to the European Union.).
This forced Germany to depend entirely on Scandinavian iron ore. And this dependency on Scandinavian resources, is what forced Germany to invade Denmark, and Norway(to prevent them from falling into British hands).
The entire history of the world is about resources. Why do you think all these empires were so obsessed with new territory? They wanted the resources, especially the food.
I mean, do you think the Europeans were a bunch of idiots, who sat around like numbskulls while America was taking over the world? America was playing the European powers off each other, using our resources to make them dependent on us, while we pretended to be neutral, so that we could gobble up the entire American continent with little resistance from the European powers.
We were the Saudi Arabia of just about every commodity on the planet.
If America had never gotten larger than its original thirteen colonies, it would be completely irrelevant.
The United States is everything it is, because of its size and resources, not its Constitution. And for that matter, our modern economy is built almost entirely off our financial system, and our financial system is completely dependent on the Federal Reserve, and the "petro-dollar". Why do you think we bailed out the banks?
We would have given them as much money as they wanted. We have no choice. They are our economy. And they have been for nearly a century.
The United States adopted the British system of trade early on(IE the Hamiltonian system, international bankers), and then ditched the agricultural system that Thomas Jefferson wanted us to have(and with it, ditched our Constitution).
We could never have become a world superpower if we had actually followed the Constitution. And especially not if we hadn't committed genocide on the natives and stolen their land.
We needed that land. We would be nothing without it.
Location: New Albany, Indiana (Greater Louisville)
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1. Great land with good farm land, fresh water lakes and rivers, and good ports.
2. We were founded by a super power that brought over the latest in technology. Our early settlers mostly came from the most advanced nations and brought more enlightened ideas. Especially important were the free market economic ideas coming from England.
3. Upon independence our Founding Fathers created a govt that would be attractive to the best and brightest in the world. Enough govt to maintain stability but enough freedom for an entrepreneur to flourish. From 1776 until today the best and brightest in the world want to come here. Even people that complain about how much they hate America never leave. (how many of the complainers on here are moving elsewhere?)
4. Our people come from countries that aren't as nice, thus we are very patriotic and willing to fight to defend ourselves.
5. Since WW1 we have been the dominant super power. Like all great nations in history we write the rules to enrich ourselves at others' expense.
Which nations had more? The only two countries which might have more natural resources than the United States, would maybe be Canada and Russia. But both of those countries are cold, and most of their land is basically empty, and you can't grow anything.
Africa has a large quantity of natural resources including diamonds, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum and cocoa beans, but also woods and tropical fruits. Much of its natural resources are undiscovered or barely harnessed. Having a low human density, for a long period of time Africa has been colonized by more dynamic groups, exploiting African resources. Some economists have talked about the 'scourge of raw materials', large quantities of rare raw materials putting Africa under heavy pressures and tensions, leading to wars and slow development.
Ore resources in Africa are abundant, and extremely more so nowadays as other continents are beginning to face depletion of resources.
And for that matter, our modern economy is built almost entirely off our financial system, and our financial system is completely dependent on the Federal Reserve, and the "petro-dollar". Why do you think we bailed out the banks?
We would have given them as much money as they wanted. We have no choice. They are our economy. And they have been for nearly a century.
"OUR" Financial system?
Do you mean the insanity of money madness, debt-credit money tokens, borrowed at usury?
. . .
. . .
To illustrate:
FRB: How much U.S. currency is in circulation?
● Q: How much U.S. currency is in circulation?
● A: There was approximately $1.45 trillion in circulation as of April 6, 2016, of which $1.4 trillion was in Federal Reserve notes.
https://en.wikipedia.org/wiki/Financ..._United_States
● ". . . The financial position of the United States includes assets of at least $269.6 trillion and debts of $145.8 trillion to produce a net worth of at least $123.8 trillion."
". . .Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves. . ."
Remember, pursuant to the Constitution, only gold and silver coin PAY DEBT. You cannot prove you own anything you bought with worthless IOUs. That's why billionaires => zero-aires when the paper money vaporizes.
D'Oh!
(Art. 1, Sec. 8, Sec. 10, USCON)
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