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According to the inflation calculator the US dollar has lost half it's value since 1990.


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    • By TheWorldNewsOrg
      Sticking with this line of thinking .... please explain, under this theory, why do we need to pay taxes?
    • By TheWorldNewsOrg
      Foreigners could still demand gold for Dollars until that date. The US wasn't able to fulfill that promise due to exploding debt caused by the Vietnam war. The French tried and sent warships to New York in order to pick up their gold. If other countries followed suit, the gold reserves would have depleted completely.
      When Nixon looked in the empty vault he knew the gig was up.
      As long as you can actually get the physical gold from the party with the printer, then the system can't just run amok, because there is always someone who will call you on your bulls#$%. Clearly it was not 100 % backed, but the system can work, as long as there isn't a run on the bank, like there was in 1971.
      In 1971 the USA was on the Bretton Woods system, USD was 40% backed by gold. This move by Nixon screwed over most European countries that traded with US.
      The USD was like holding gold, until the music stopped.
      The majority of Americans buy American made products. Fast forward 50 years literally nothing is made in America anymore
      In 1980, the US was the world’s largest exporter of finished goods and the world’s largest importer of raw materials. Now, they’re the world’s largest importer of finished goods and world’s largest exporter of raw materials.
      And now gas is $4.90 a gal in CA... Fed is still at it today with fiat money printing. Gas was .36 cents per gal 8/13/71
      Also.. FWIW: This also allowed for the unlimited funding of the Democrats Welfare State we have today. Otherwise known as Johnsons Great Society.
    • By admin
      "Inflation is a hidden tax" - I love how pointed that out as many people do not have this realization.
    • By Money & Finance
      Consumer prices edged up 0.1%, according to new CPI data. That effectively cancels out the wage growth from June. 
      But you already knew this.....
    • By Money & Finance
      After World War II, a new international monetary system called Bretton Woods was created.
      Bretton Woods established three main things:
      (1) the U.S. dollar was to be an international reserve currency,
      (2) the U.S. dollar would be backed by gold at a price of $35 per ounce, and
      (3) any country could exchange dollars for gold.
       
      Countries running trade surpluses with the US sought to exchange their dollars for gold, and this rapidly shrunk US gold reserves.
      This then led to the so called Nixon shock - President Richard Nixon effectively ending the Bretton Woods system in 1971.
      The world economy entered a new era: the US Dollar became the global reserve currency.
       
      The US made no effort to rein in deficit spending, in fact quite the opposite.
      Therefore, the US needed to continue to find ways to sell government debt (i.e. to find buyers of US Treasury Securities) without driving up interest rates.
      That is, the US needed more buyers for its debt.
      But by 1974, the enormous flood of dollars from the US into top-oil-exporter Saudi Arabia suggested a solution.
      That year, Nixon sent new US Treasury secretary William Simon to Saudi Arabia with a mission...
      The task: neutralize crude oil as an economic weapon against the US and find a way to persuade a relatively hostile kingdom to finance America's widening deficit with its newfound petrodollar wealth.
       
      The basic framework was simple: the US would buy oil from Saudi Arabia and provide the kingdom military aid and equipment.
      In return, the Saudis would plow billions of their petrodollar revenue back into US Treasuries and therefore finance America's spending.
      A win-win: the Saudis would receive protection from geopolitical enemies, and the US would get a new place to unload large amounts of government debt.
      This became known as "petrodollar recycling".
      By spending on oil, the US was creating new demand for US debt and US dollars.
       
      Moreover, since Saudi Arabia dominated the OPEC - the Organisation of the Petroleum Exporting Countries - this dollar deal was extended to OPEC overall, which meant that the dollar became the preferred currency for oil purchases worldwide.
      And so the petrodollar era began.
      This petrodollar system has had massive implications for US foreign policy, which has essentially involved imposing 'freedom' on any major oil-exporting state that moves towards ending its reliance on dollars.
       
      In 2000, Saddam Hussein, then-president of Iraq, announced that Iraq was moving to sell its oil in Euros instead of dollars.
      Following a particular catalyst event in 2001, the US invaded Iraq, deposed Saddam Hussein, and converted Iraqi oil sales back to the US dollar.
      Of course, this exact pattern was repeated with Gaddafi when he attempted to create a unified African currency backed by Libyan gold reserves to sell African oil.
      Shortly after his announcement, rebels armed by the US Government and allies overthrew the dictator and his regime.
      After his death, the idea that African oil would be sold on something other than the dollar quickly died out.
      Other regimes that have called for abandoning the petrodollar include Iran and Venezuela.
      The US has called for regime change in both of these countries...
       
      Although they have tried to keep it under wraps, Saudi Arabia is believed to be one of America's largest foreign creditors.
      Undoubtedly, Saudi holdings of US debt and other assets are significant.
      All else being equal, the US should be growing less dependent on foreign holders of debt, certainly in terms of Saudi and OPEC-held debt, since the global role of OPEC and the Saudis has been diminishing in terms of global market share.
      But all else isn't equal, and the US has been piling on ever-larger amounts of debt in recent years.
      In 2019, for example, the annual deficit topped one trillion.
       
      This immense growth in debt obviously makes the US regime more sensitive to changes in demand for US debt, and ever more reliant on foreign demand for both US debt and US dollars.
      In order to avoid a crisis, the US must ensure that interest rates remain low and that foreigners want to acquire both US dollars and US debt.
       
      Were petrodollars and petrodollar recycling to disappear, it would have a twofold effect on US government finances:
      First of all, a sizable decline in petrodollar recycling would put significant upward pressure on interest rates.
      The result would be a budget crisis for the US government, as it would have to devote ever-larger amounts of the federal budget to payments on the debt.
      (The other option would be to have the US central bank monetize the debt by purchasing ever-larger amounts of it to make up for a lack of foreign demand. But this would lead to growing price inflation.)
      Furthermore, if participants began to exit the petrodollar system (and, say, sell oil in euros instead) demand for dollars would drop, exacerbating any scenarios in which the central bank is monetizing the debt. 
      This would also generally contribute to greater price inflation, as fewer dollars will be sucked out of the US by foreign holders.
      The result could be ongoing declines in government spending on services, and growing price inflation.
      The US regime's ability to finance its debt would decline significantly, and the US would need to pull back on military commitments, pensions, and more.
      Either that, or keep spending at the same rate and face an inflationary spiral.
       
      Or...how about another option?
      Anyone fancy a Great Reset?
      CREDIT:
      Ryan McMaken
      Huge Debt Got Us Hooked on Petrodollars — and on Saudi Arabia




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    • Esther  »  jpl

      Bonsoir Jpl
      Je recherche un discours qui avait pour thème " Dieu approuve t'il toutes les religions ? " C'est pour mon etudiante de la Bible. Si tu l'as écrit ou oral, peu importe, c'est pour qu'elle puisse l'écouter
      Merci beaucoup ! 
      Ta soeur dans la foi
      Esther
      · 2 replies
    • Esther  »  folens

      Bonsoir
      Je recherche un discours qui avait pour thème " Dieu approuve t'il toutes les religions ? " C'est pour mon etudiante de la Bible. Si tu l'as écrit ou oral, peu importe, c'est pour qu'elle puisse l'écouter
      Merci beaucoup ! 
      Ta soeur dans la foi
      Esther
      · 0 replies
    • the Sower of Seed

      Daniel 12:6 Jehovah sends an angel to ask another angel: “How long will it be to the end of these marvelous things?” The other angel "the man clothed in linen" is inspired by Jehovah, raises both hands to Heaven and answers twice! One at verse 7, then verses 11 & 12. Just as the angel raises both hands to Heaven, there are 2 fulfillments, there are 2 beasts, the first dies, but rises again with greater power today. This who Jesus spoke about at Matthew 24: 15 “Therefore, when you catch sight of the disgusting thing that causes desolation, as spoken about by Daniel the prophet, standing in a holy place (let the reader use discernment). 
      Today we can use discernment as we see the dashing to pieces of the “power” of the holy ones in the hindrance of the “public” ministry caused by Covid19. We will see a greater attack on that ministry of Spiritual Israel under the rule of the King of the South as the world turns on religion. 
      Jesus stated that no man knows the day or hour, that was true then, because only Jehovah knew how long He gave Satan to prove his point. Only Jehovah could look into the last days and see when the constant feature would stop, the days are counted from then until the first day people will enjoy true happiness. This is the most important day to live for.
      John 4:23 states "Nevertheless, the hour is coming, and it is now, when the true worshippers will worship the Father with spirit and truth, for indeed, the Father is looking for ones like these to worship him." Why is God having to search for "True Worshippers"? Because the world is almost all "False Worshippers", denied understanding as stated at Daniel 12:10.  It's amazing how He has hidden the truth from minds, religions formed before the last days were formed without all the facts, even though they could read it over and over, because of their heart’s inclination, He has hidden the facts from them. How the primary resurrection will occur on Earth, that the land would be apportioned out to those choosing to live as a subject of the sovereignty of the Almighty God Jehovah. 
      Jehovah longs to talk with His friends of old like Noah, Abraham, David as well as Daniel. Daniel has seen Michael/Jesus stand up and the start of the resurrection which will benefit him, how he will stand up for his lot. verse 13. God has promised them the "Promised Land", a greater land then the small area of Israel, the whole planet will become a blessed restoration of the Edenic starting place. Matthew 19:28 Jesus said to them: “Truly I say to you, in the re-creation, when the Son of man sits down on his glorious throne, you who have followed me will sit on 12 thrones, judging the 12 tribes of Israel. Consider too Acts 3:21 "Heaven must hold this one within itself until the times of restoration of all things of which God spoke through the mouth of his holy prophets of old." The true reward that so many have hoped for now has a starting date!    
      If you have given your life to Jehovah and enjoy a relationship with Him, Read and Meditate on Daniel 12, pray for insight and understanding, for knowledge, wisdom, for faith and integrity for the days ahead!  For whether we live or die, we belong to Jehovah and will enjoy our lot just like Daniel.

      · 1 reply
    • Esther  »  Gilles h

      Bonjour Gilles
      As tu les transcriptions des autres jours de l'Assemblée régionale stp ? Notamment la partie sur la création et les huit exemples de femmes de foi? 
      · 3 replies
    • folens  »  Atsu Smith a. GAKPE

      Bonjour frère Atsu Smith, si tu te rends sur le compte de Misette tu retrouveras les documents. Si tu as quelque chose de précis à retrouver tu me le dis. Bonne journée Michel 
      Notre frère et les 3 tamis.pps
      · 1 reply
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