Four Words that Ended the Nixon Shock: Oil-Yuan-Gold Triad

That PetroDollar deal held until last week.... China has now assumed the role that the U.S. abandoned in 1971.
— Jim Rickards on the Keiser Report, September 2017

It was Pepe Escobar who gave us four simple words to explain the great monetary earthquake that took place this past month of September 2017: the Oil/Yuan/Gold Triad. Lone prophets in the wilderness like Jim Willie, London Paul, and Rob Kirby have been warning us for years that it was coming. And then it happened. In what will surely induce a fit of hysterical irony among you baby-boomers who remember the historic visit that President Nixon made to China in 1972, only six months after taking America off the gold standard, China has effectively picked up where Nixon left off. President Xi now stands on the threshold of finally reversing the "temporary" loss of the Dollar Gold standard back in 1971.

Yes, on that summer's evening of August 15, 1971, television news broke into America's living rooms on a Sunday and abruptly announced that, to protect the Dollar's stability, the nation would now "temporarily" abandon its gold standard, a move that was in total violation of the Bretton Woods agreement. But, alas, we must defend the dollar against the "international money speculators" who create crises on which they thrive. Well, Nixon was certainly right about that. Sadly, the American public was not informed at that moment of how those "international money speculators" were really just the modern incarnation of that ancient Babylonian priesthood that has been moving the football down the field for a couple of thousand years.

Pepe Escobar didn't mention the "Nixon Shock" within the context of his discussion of the impending Yuan-denominated Shanghai oil benchmark coming in the next few months or even weeks. Neither did the Nikkei Asian Review who appears to be the source of the advent of the new oil contract. 

But Jim Rickards was quick to appreciate the historical context of what is really going on here. The video clip below from Keiser Report Episode #1125 is set to begin at the 17-minute mark. Rickards reminds us of that moment in time back in 1974 when Kissinger went to the Saudis and laid out the new Rockefeller plan whereby Saudi would sell its oil only in dollars and thus the U.S. currency switched its backing from gold to oil. Rickards concludes:

"That PetroDollar deal held until last week.... China has now assumed the role that the U.S. abandoned in 1971."

So now the world is poised to pick up where it left off in the summer of '71. Ah, but here's the clincher: the reason why gold standards always fail in the end is because faulty human economic systems that are based on a "closed" flow of earth's abundant resources will eventually fall prey to that handful of millenia-old elitist networks who control the price of gold, thereby controlling its flow, and who created that closed system in the first place.

In fact, Rickards asks the question that must now be on everyone's mind: How can China possibly have enough gold to back its currency when the world begins buying oil at their market? Won't it all just end up the same way it did in America in 1971 with Nixon now laughing from his grave?

Perhaps that's the reason why the idea of a national cryptocurrency is being kicked around in Russia and China? So that the world will eventually but quickly be moved into various digital currencies, a truly "open" monetary system? Imagine the possibilities of human civilization where we use energy that is created "out of the ether" and we use money that is also legitimately created "out of the ether." If we do that, aren't we just one step away from molding a world where you can tap into energy abundantly and freely? When that happens, why bother retaining the notion of debt at all in the human mind?

Looming in the background is the silence emanating from the Bank for International Settlements and the International Monetary Fund over the restoration of a gold standard being tied to the global energy market. With Bretton Woods now essentially being resuscitated, you would think we'd be hearing French champagne corks popping from Christine Lagarde. Surely the BIS, whose role in the  manipulation of world events through gold goes all the way back to the day when Hitler planted his foot in Czechoslovakia, has been involved with this Chinese pole shift from the shadows as gold bars from their neighborhood began steadily moving eastward this whole past decade.  

Let's hope that that world is coming to realize an inevitable truth: human dynamic economic systems cannot be fettered by either closed energy systems nor closed monetary systems forever. Like that weed on the sidewalk who always manages to force its way through the crack and connect itself to the free, abundant, life-giving resources that exist all around it, mankind, in the end, will wake up to realize that it cannot be shackled by some arbitrary slave system of money and energy. He just needs to acknowledge the existence of that restrictive, ancient Babylonian priesthood, face it, and overthrow it. Crack the concrete. Let the sun shine through.
 

Dynamic living systems always find a way. (Photo: Wonderopolis.org)

Dynamic living systems always find a way. (Photo: Wonderopolis.org)


My contact information with link to my Karatbars portal are found at my billboard page of SlayTheBankster.com. Listen to my radio show, Bee In Eden, on Youtube via my show blog at SedonaDeb.wordpress.com.

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Bankster Slayer

"When I look back on all the crap I learned in high school, it's a wonder I can think at all." -- the "Kodachrome" song by Paul Simon, 1973


I grew up in a quiet, small, city east of the San Fernando Valley, Los Angeles County, in Palmdale, California. I'm not quite old enough to remember the assassination of JFK, but do remember the assassination of Brother Bobbie on an early summer's day. I was finishing up my first grade at the elementary school just up the street from our suburbia house. Maybe that was when I became self-aware that something wasn't right. When I saw the events of that day unfolding on our new color TV, I remember a thought passing through my 6.5 year old mind. And silly me assumed that everybody else was also holding this same belief because it seemed so obvious to me:

 

"The President and his brother must have been killed by the same people."


I don't know how a little first-grader was able to come up with that conclusion. That certainly wasn't the sort of idea you would expect to be rumbling around the brain of a little kid. But it kept rumbling in mine and still does, to this day.


The people of my generation passed through the Space Race, the Vietnam War, Watergate, the Disco Era, Yuppies, the World Wide Web, and Irrational Exuberance. Throughout this entire period, a relentless Matrix Machine has been whirring in the background of our lives, unnoticed and largely unchallenged. In fact, that Machine has been whirring for centuries.


I guess it was inevitable that the 6.5 year old kid who once questioned the official doctrine of the Kennedy assassinations would one day swallow her own Red Pill. And so I did, following the 2008 Crash, as I watched the financial lives of my parents and myself collapse into disaster as the equity of our homes evaporated into the dry Arizona air.


I finally came to that moment as have so many readers and contributors of Rogue Money, that day when you finally stop and ask "Why did this happen?" I started reading, researching, listening. Gradually the bricks of The Matrix began to crumble. The monstrous beast was no longer hidden from view. 


And so I join this team of writers and readers who are all trying to Slay the Bankster Beast in their own way. We carry on with confidence because no Evil has ever stood forever against the onslaught of Truth. Undaunted, we move forward.

 
You will find that my contributions to the Rogue Money web site will focus on the deep history that created The Matrix in the first place. In other words, you won't find any opinion forthcoming on this-or-that presidential election ... unless you are talking about the overthrow of regimes 2- or 3- thousand years ago. In that case, I might be interested!


I make no apologies if what you hear steps on the toes of a long-cherished paradigm. I am just A Messenger. In fact, you will find that my blogs will invite your comments to provide additional pieces of information that perhaps you may have gleaned from your own research. I have many holes that need filling.


You've been told what, how, when, and where to think your whole life. I leave it up to you to exercise your own Mind and take appropriate Action to slay the monster for yourself.


My own web site, Twitter page, Facebook and some-time blogs are found here if you care to visit: 
1. SlayTheBankster.com 
(promotional site. Karatbars affiliate)

2. sedonadeb.wordpress.com
(my blog that started it all)

3. Posts on BeforeItsNews.com 

4. twitter.com/banksterslayer

5. www.facebook.com/debra.caruthers