Grexit Guaranteed
By: Andrew Hoffman
SilverSeek.com
March 10, 2015
Fifty years ago this weekend, the first U.S. Marines landed in Vietnam; the result of the so-called Gulf of Tonkin attacks – that in hindsight, were likely just as fraudulent as the Bush Administration’s claims that not only did Iraq possess weapons of mass destruction, but directly funded the 9/11 attacks. I’ve spent two decades reading about the horrors of Vietnam, and truly believe it was this fool’s errand, initiated by sociopaths with little regard for the value of human life, that truly marked the beginning of the end of the American empire. By the time the last Marines ignominiously left ten years later, 58,000 American troops were dead, 300,000 were wounded, and the war was lost. Meanwhile, Communism never took over the world as advertised by the propagandists; and care of massive war spending requirements, the U.S. abandoned the gold standard in 1971, sentencing countless billions – present and future – to death by inflation. And worst of all, when our soldiers returned after a decade of horrifying war – many of them disabled and traumatized – they were treated as criminals and outcasts by an ungrateful government, and society at large. And thus, let’s all take a minute to salute not only our Vietnam veterans, but the countless hundreds of millions that sacrificed their lives for causes real and fabricated, throughout the course of history.
That said, let’s get back to the incurable financial trauma caused by said gold standard abandonment. Which, by the way, should decidedly NOT be blamed solely on the Nixon Administration. And no, I’m not just referring to Lyndon Johnson’s budget-busting “guns and butter” spending, but the fact that all Bretton Woods signees sat back and allowed the U.S. to renege on its obligations – based on the same selfish political reasons. In other words, it was a group effort to inflict future generations with inflationary cancer; and thus, all the world’s “leading” Central bankers are to blame.
As for said “cancer,” it has clearly metastasized throughout the entire world; not coincidentally, entering its terminal stage shortly after the global financial system permanently broke in 2008. More specifically, it was the mid-2011 “global meltdown II” – when European sovereign bonds collapsed, and the U.S. was stripped of its triple-A rating – that catalyzed the real money printing explosion – yielding a torrent of Western inflation exportation that has caused the average global currency to plunge by 40% since. Or in the case of the “fragile five” nations, where a quarter of the world’s population resides, their average currency collapse has been closer to 50% – and counting. Not only that, the monetary tsunami – which frankly, started at the turn of the century, when the global economy peaked – was accompanied by the invention of financial “weapons of mass destruction” – like derivatives – that have caused just as much damage as the military, if not more. And no, it’s no coincidence that the Glass Steagall Act was repealed in 1999, coinciding with the financial sector commandeering Congress with lobbying rivaled only by the defense and healthcare sectors.
The Rest…HERE
