Energy Independence and the end of the Petrodollar

The War on Terror is the the cover for the real war; The War for the Petrodollar.

We have invaded Iraq because they stopped accepting dollars for oil. Saddam Hussein was toppled in order to set Iraq back on the track of the Petrodollar.

Iran is on the chopping block now because they are not accepting dollars for oil anymore. The nuclear arms scare is a cover for the real threat of destabilizing the American Oil Empire.

The dollar used to be backed by gold. Now the dollar is backed by oil through OPEC. That is why OPEC is allowed to exist, in order to prop up the dollar. If the dollar is not the standard currency for oil purchases, then the dollar will decline into just being a piece of wasted paper. That is what is happening now. Japan now buys oil from Iran with yen, not dollars. This means they can unload the dollars they’ve been holding onto, and a big release of currency will devalue the dollar.

Since America can’t force the whole world to use the dollar to buy oil we will see a decline of the petrodollar. As the dollar declines there will be more incentive for countries to use their own currency to purchase oil. Right now we are in the death throes of the petrodollar, and we will see additional desperate action from our American Empire.

As an American I hate to see any harm come to our economy, but we must face facts and get real. We’ve got to end the Petrodollar on our terms. The way to do it is to first back the dollar with precious metals as is described in our Constitution. Let’s get back to basics and have a real currency, not just funny money.

Also, we need to become energy independent with renewable resources. This way we are not locked into sending money to countries that don’t have good intentions for us. When we buy oil today, some of the money makes it into the hands of terrorists. So we are funding both sides of the war in Iraq. One side is paid by future generation through massive debt, and the other side is paid through the obscene gas prices we pay at the pump.

The rest of the oil money goes to the International Monetary Fund to pay for the debt relief of all the third world nations. We don’t owe the IMF anything. Let’s get off our asses and claim our independence!

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  1. petrodollar - June 24, 2008

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