Peter Klevius thinks Israel with US help may use nukes. After all, F-35 carried B61-12 "low gain" nukes are made for bunker penetration etc. Against Iran, the only country supporting Palestinans against occupation and genocide!
"Islamophobe" (i.e. HR defender) Peter Klevius: BBC, MI5/MI6 keep Brits unaware of the fact that islamist terrorists attacking random Brits are ALL Saudi backed Sunni extremists - NEVER Iran backed Shia islamists! But UK politicians and media fascists care more abt criminal rogue state US than the security of its own people.
$-freeloader US is now poisoning the whole world with the evil its 1971 $-theft has caused.
The West's axis of religious evil is now culminating in US desperation when facing the inevitable payday of its 1971 theft and continuing embezzlement of what was meant to be the world dollar. And in this endeavor religious extremism and anti-Communism, the perfect weapon against China, the only power that can moderate and defend the world against US evil.
Believe you Peter Klevius! It will only get worse before people fully get the picture of the treason committed by their corrupt politicians and media fascists. And Google isn't very helpful...
The US theft of the world dollar 1971 - the world's biggest financial fraud/embezzlement ever
The 1944 Bretton Woods system that was aimed to create a world dollar, was called "US' exorbitant privilege", as it resulted in an "asymmetric financial system" where non-US citizens "see themselves supporting US living standards and subsidizing US multinationals".
The US dollar theft 1971 was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation.
Although the US dollar theft 1971 did not formally abolish the existing Bretton Woods system of international financial exchange, the suspension of one of its key components effectively rendered the Bretton Woods system inoperative. While Nixon publicly stated his intention to resume direct convertibility of the dollar after reforms to the Bretton Woods system had been implemented, all attempts at reform proved unsuccessful. By 1973, the floating exchange rate regime de facto replaced the Bretton Woods system for other global currencies.
In 1944, representatives from 44 nations met in Bretton Woods, New Hampshire, to develop a new international monetary system that came to be known as the Bretton Woods system. Conference attendees had hoped that this new system would "ensure exchange rate stability, prevent competitive devaluations, and promote economic growth". It was not until 1958 that the Bretton Woods system became fully operational. Countries now settled their international accounts in dollars that could be converted to gold at a fixed exchange rate of $35 per ounce, which was redeemable by the US government. Thus, the United States was committed to backing every dollar overseas with gold, and other currencies were pegged to the dollar.
Because the US owned over half the world's official gold reserves—574 million ounces at the end of World War II—the system appeared secure. From 1950 to 1969, as Germany and Japan recovered, the US share of the world's economic output dropped significantly, from 35% to 27%. Furthermore, a negative balance of payments, growing public debt incurred due to the Vietnam War, and monetary inflation by the Federal Reserve caused the dollar to become increasingly overvalued in the 1960s.
US economist Barry Eichengreen: “It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one.”
In February 1965, French president Charles de Gaulle announced his intention to exchange its dollar reserves for gold at the official exchange rate. By 1966, non-US central banks held $14 billion dollars, while the United States had only $13.2 billion in gold reserves. Of those reserves, only $3.2 billion was able to cover foreign holdings as the rest was covering domestic holdings.
By 1971, the money supply had increased by 10%. In May 1971, West Germany left the Bretton Woods system, unwilling to sell further Deutsche Mark for dollars.[11] In the following three months, this move strengthened its economy. Simultaneously, the dollar dropped 7.5% against the Deutsche Mark.[11] Other nations began to demand redemption of their dollars for gold. Switzerland redeemed $50 million in July.[11] France acquired $191 million in gold.[11] On August 5, 1971, the US Congress released a report recommending devaluation of the dollar, in an effort to protect the dollar against "foreign price-gougers".[11] Also in August, French President Georges Pompidou sent a battleship to New York City to remove France's gold deposits. On August 9, 1971, as the dollar dropped in value against European currencies, Switzerland left the Bretton Woods system.[11] The pressure began to intensify on the United States to leave Bretton Woods. On August 11, Britain requested $3 billion in gold be moved from Fort Knox to the Federal Reserve in New York. As Paul Volcker, who was then US Treasury Undersecretary for Monetary Affairs, later put it:
“If the British, who had founded the system with us, and who had fought so hard to defend their own currency, were going to take gold for their dollars, it was clear the game was indeed over.”
By August 15, 1971 there were only 10,000 metric tons of gold remaining, or less than half of the reserves the US once held.
At the time, the US also had an unemployment rate of 6.1% (August 1971), as well as an inflation rate of 5.84% (1971).[15] To combat these problems, Nixon consulted Federal Reserve chairman Arthur Burns, incoming Treasury Secretary John Connally, and Paul Volcker, then Undersecretary for International Monetary Affairs and future Federal Reserve Chairman. On the afternoon of Friday, August 13, 1971, Burns, Connally, and Volcker, along with twelve other high-ranking White House and Treasury advisors, met secretly with Nixon at Camp David. There was great debate about what Nixon should do but ultimately Nixon, relying heavily on the advice of the self-confident Connally, decided to break up Bretton Woods by announcing the following actions on August 15:
Nixon directed Treasury Secretary Connally to suspend, with certain exceptions, the convertibility of the dollar into gold or other reserve assets, ordering the gold window to be closed such that foreign governments could no longer exchange their dollars for gold.
Nixon issued Executive Order 11615 (pursuant to the Economic Stabilization Act of 1970), imposing a 90-day freeze on wages and prices in order to counter inflation. This was the first time the US government had enacted wage and price controls since the Korean War.
A tariff of 10 percent was set to ensure that American products would not be at a disadvantage because of the expected fluctuation in exchange rates.
On Sunday, August 15, when US financial markets were closed, Nixon admitted the theft.
1995 Japan surpassed US as the world's largest economy - and was pushed down by $-freeloader US and its EU puppet.
China is more than ten times bigger than Japan, not occupied by US - and will not be kicked around!
Corrupt EU politicians continue supporting criminal states while busy constructing senseless accusations against the country EU citizens need the most!
Read how Peter Klevius solved "the biggest mystery in science".
Read Peter Klevius in-depth research on The Psychosocial Freud Timeline.
Read Peter Klevius Origin of the Vikings from 2005 - now again available after Google deleted it 2014 and again in February 2024.
Peter Klevius (1981, 1992): The ultimate question ought to be: What is it like to be a stone? There's no difference between human consciousness polished through living, and the "consciousness" of a stone that has been smoothly shaped in streaming water against other rocks, stones etc. It started its "life" as a rugged piece of rock in a mountain and adapted to its life in streaming water down hill, or perhaps as a piece of rock falling on a beach and polished by waves.
How US robs the world
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