If War Does *Not* Go Off, the Fed Will No Longer Exist

February 18, 2003
Posted By: Rayelan

In Response To: <http://www.rumormillnews.com/cgi-bin/forum.cgi?noframes;read=28795>GREENSPAN WARNS OF DISASTER-STUDY SHOWS $13TN LOST (economica)

I received this email from a source who usually knows what he is talking about:

The big problem now that is making Rice so adamant about going into Iraq is three arab nations have shifted to euros only

They want to be paid in euros for oil ö NOT dollars!!!

This would mean that all of the money that American oil firms make off these deals would vanish!

The reason Germany and France don't want a war is this Euro deal helps them more than anyone else!

China also has a big bite of euros ö they have bought a lot of them ö Sort of as economic blackmail against the US! Not just by China, but by many nations who would like to see the US come down a peg or two.

The US could force the NEW Iraqi government to accept US dollar$$ ö THAT'S the reason for war at this time!!

If you think about it, this goes hand in hand with the major purchases of gold ö Like you have been saying for years, the euro has some gold backing ö Germany is one of the gold holders of the euro!

Iraq shifted out of dollars in 97 or 98 ö the would not accept dollars for oil after that ö the US has been buying oil from European brokers ö as a result of having to pay for it in Euros, what was once a 10B deal now costs 15 ö 18B in Euros!

If all OPEC companies refuse to accept dollars for oil ö then NO ONE will want dollars and there will be a run on the banks! The dollars will be worthless ö the US will have to change ö maybe to script. No one wants an Argentine dollar! And that's about what the US dollar will be at this point!

Within next six months ö Greenspan will be fired by Bush, or resign. Why? Because Greenspan helped the change to Euros ö He will try to make trouble on the way out because he doesnât like Bush. When he goes, a man named Knight - (I think his first name is Bob) will also go. Knight is the head of the law firm that handles Citi Bank. He is the former money man of DIA and a good friend of Greenspan's.

If war does NOT go off, the FED will no longer exist.

There is the possibility that Iraq has weapons that would deter US forces ö The US does not want half million men to die. If Bush did this he would doom the Republican Party forever. He knows this and won't do it if he is convinced of their ability to inflict damage of our troops.

We are probably too late already to do anything about these weapons.

It also looks like US canât use nukes. World opinion will not allow this!

If the US canât go to war, this means they won't be able to put their own man in place who they can force Iraq to use dollars.

If Saddam steps down and allows Tariq Aziz to become President in a democratically held election, one with UN ballot watchers... then the US is finished because Aziz will continue the policy of Euros and not dollars.

This means that the US dollar is finished for good!! This also mean the FEDERAL RESERVE BANKING SYSTEM IS FINISHED FOR GOOD!!

Don't you wonder if maybe this has been the plan all along?


Greenspan warns of disaster and the need for Gold to be part of the system!

: By: Julian D. W. Phillips, Gold-Authentic Money -
: Authenticmoney.com

: How can one not respect a man with the courage of his convictions. This somewhat phlegmatic professional, in respectful and diplomatic tones, delivered what can only be described, as a dire warning of disaster ahead. When seen in the light of his long held beliefs, publicly stated, he
: has to be recommending the return to Gold as a discipline
: to Îrein inâ President George Bush.

As we have seen to date, he has raised the hackles of the incumbent Administration, against himself. Although they stand in an invidious position, because they appointed him, fully aware of his views they cannot, surely, expect him to change them, simply as a matter of political expedient?

With this in mind, we find his words extremely brave for a man, at both the pinnacle and close to the end of his career.

We make no assumptions in this article, relying entirely on quoting Chairman Greenspanâs publicly stated words, at a time when the U.S. was embarking on a similar undisciplined fiscal path, which he then, also condemned. At the time the U.S. was on the brink of breaking links with Gold, losing, as it had, these credible resources to European nations in vast quantities. His essay is entitled, ãGold and Economic Freedomä and was written in 1967. As then, we stand on the brink of similarly undisciplined days [but without the greater objective of $ Imperialism], with the difference being that Gold will, in these days be called back to give its vital credibility to the $, as it loses its own. We were troubled by the possibility that he may have changed his views since then, until we heard the statement he made to the Economic Club of New York on 19th December 2002: -

ãAlthough the gold standard could hardly be portrayed as having produced a period of price tranquillity, it was the case that the price level in 1929 was not much different, on net, from what it had been i1800. But, in the two decades following the abandonment of the gold standard in 1933, the consumer price index in the United States nearly doubled. And, in the four decades after that, prices quintupled. Monetary policy, unleashed from the constraint of domestic gold convertibility, has allowed a persistent over issuance of money. As recently as a decade ago, central bankers, having witnessed more than a half-century of chronic inflation, appeared to confirm that a fiat currency was inherently subject to excess."

By saying these words, Chairman Greenspan confirmed he still held the views he expressed on Gold.

To validate our conclusions and statements, we simply quote from this essay, in which he staunchly castigated those proposing deficit spending. To summarise his beliefs he was asked by a Senate Committee member: -

'Now my next question is, is it your intention that the report of this hearing should be that Greenspan recommends a return to the gold standard?'

: Greenspan responded, 'I've been recommending that for years,
: there's nothing new about that.ä..............
: http://news.goldseek.com/AuthenticMoney/1045554963.php

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