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Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking?

George Washington's picture




 

The Middle Eastern and North African wars – planned 20 years ago – don’t necessarily have much to do with fighting terrorism. See thisthis and this.

They are, in reality, about oil.

And protecting Israel (and read the section entitled “Securing the Realm” here).

But as AFP reports today, there is another major motivation for the expanding wars:

The latest round of American sanctions are aimed at shutting down Iran’s central bank, a senior US official said Thursday, spelling out that intention directly for the first time.

 

“We do need to close down the Central Bank of Iran (CBI),” the official told reporters on condition of anonymity, while adding that the United States is moving quickly to implement the sanctions, signed into law last month.

 

***

 

Foreign central banks that deal with the Iranian central bank on oil transactions could also face similar restrictions under the new law, which has sparked fears of damage to US ties with nations like Russia and China.

 

“If a correspondent bank of a US bank wants to do business with us and they’re doing business with CBI or other designated Iranian banks… then they’re going to get in trouble with us,” the US official said.

Why is the U.S. targeting Iran’s central bank?

Well, multi-billionaire Hugo Salinas Price told King World News:

What happened to Mr. Gaddafi, many speculate the real reason he was ousted was that he was planning an all-African currency for conducting trade. The same thing happened to him that happened to Saddam because the US doesn’t want any solid competing currency out there vs the dollar. You know Gaddafi was talking about a gold dinar.

As I noted in August:

Ellen Brown argues in the Asia Times that there were even deeper reasons for the war than gold, oil or middle eastern regime change.

 

Brown argues that Libya – like Iraq under Hussein – challenged the supremacy of the dollar and the Western banks:

 

Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.

 

What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers’ central bank in Switzerland.

 

The most renegade of the lot could be Libya and Iraq, the two that have actually been attacked. Kenneth Schortgen Jr, writing on Examiner.com, noted that “[s]ix months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar.”

 

According to a Russian article titled “Bombing of Libya – Punishment for Ghaddafi for His Attempt to Refuse US Dollar”, Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency.

 

***

 

And that brings us back to the puzzle of the Libyan central bank. In an article posted on the Market Oracle, Eric Encina observed:

 

One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned … Currently, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank. Few can argue that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda for absorbing Libya into its hive of compliant nations.

Alex Newman wrote in November:

According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause [of the Libyan war and killing of Gadhafi]. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.

 

And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan.

 

“Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world’s central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell, in an interview with RT. “So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power.”

 

According to Wile, Gadhafi’s plan would have strengthened the whole continent of Africa in the eyes of economists backing sound money — not to mention investors. But it would have been especially devastating for the U.S. economy, the American dollar, and particularly the elite in charge of the system.

 

“The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence,” Wile noted in a piece entitled “Gaddafi Planned Gold Dinar, Now Under Attack” earlier this year. “Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.”

 

Investor newsletters and commentaries have been buzzing for months with speculation about the link between Gadhafi’s gold dinar and the NATO-backed overthrow of the Libyan regime. Conservative analysts pounced on the potential relationship, too.

 

“In 2009 — in his capacity as head of the African Union — Libya’s Moammar Gadhafi had proposed that the economically crippled continent adopt the ‘Gold Dinar,’” noted Ilana Mercer in an August opinion piece for WorldNetDaily. “I do not know if Col. Gadhafi continued to agitate for ditching the dollar and adopting the Gold Dinar — or if the Agitator from Chicago got wind of Gadhafi’s (uncharacteristic) sanity about things monetary.”

 

But if Arab and African nations had begun adopting a gold-backed currency, it would have had major repercussions for debt-laden Western governments that would be far more significant than the purported “democratic” uprisings sweeping the region this year. And it would have spelled big trouble for the elite who benefit from “freshly counterfeited funny-money,” Mercer pointed out.

 

“Had Gadhafi sparked a gold-driven monetary revolution, he would have done well for his own people, and for the world at large,” she concluded. “A Gadhafi-driven gold revolution would have, however, imperiled the positions of central bankers and their political and media power-brokers.”

 

Adding credence to the theory about why Gadhafi had to be overthrown, as The New American reported in March, was the rebels’ odd decision to create a central bank to replace Gadhafi’s state-owned monetary authority. The decision was broadcast to the world in the early weeks of the conflict.

 

In a statement describing a March 19 meeting, the rebel council announced, among other things, the creation of a new oil company. And more importantly: “Designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”

 

The creation of a new central bank, even more so than the new national oil regime, left analysts scratching their heads. “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” noted Robert Wenzel in an analysis for the Economic Policy Journal. “This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences,” he added. Wenzel also noted that the uprising looked like a “major oil and money play, with the true disaffected rebels being used as puppets and cover” while the transfer of control over money and oil supplies takes place.

 

Other analysts, even in the mainstream press, were equally shocked. “Is this the first time a revolutionary group has created a central bank while it is still in the midst of fighting the entrenched political power?” wondered CNBC senior editor John Carney. “It certainly seems to indicate how extraordinarily powerful central bankers have become in our era.”

 

Similar scenarios involving the global monetary system — based on the U.S. dollar as a global reserve currency, backed by the fact that oil is traded in American money — have also been associated with other targets of the U.S. government. Some analysts even say a pattern is developing.

 

Iran, for example, is one of the few nations left in the world with a state-owned central bank. And Iraqi despot Saddam Hussein, once armed by the U.S. government to make war on Iran, was threatening to start selling oil in currencies other than the dollar just prior to the Bush administration’s “regime change” mission. While most of the establishment press in America has been silent on the issue of Gadhafi’s gold dinar scheme, in Russia, China, and the global alternative media, the theory has exploded in popularity.

A reader comments:

No one is paying attention to the petro-dollars and the current desperation of European and US banks. Even Iran prices oil in $$$s per the treaty after WWII, but no one wants $$$s any more because it has been such a poor investment vehicle. Gold has been much better. Iraq did not want $$$s, was invaded. Libya did not want $$$s, was invaded (I believe they wanted gold). Iran does not want $$$. The dollars are deposited in US and European banks. The dollars standing as the finacial reserve currency of the world was / is being threatened, and thus the Federal Reserve Banks ability to print unlimited dollars!

 

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Fri, 01/13/2012 - 23:33 | 2064057 ISEEIT
ISEEIT's picture

Yep. You nailed it. Centralization/consolidation = we lose.

Liberty dies by intention of those who desire the mantle of governance.

Sat, 01/14/2012 - 00:25 | 2064133 Alpha Monkey
Alpha Monkey's picture

What was that headline about Obama asking to "streamline" the outdated government by consolidating more powers directly under the pres...?

Fri, 01/13/2012 - 22:57 | 2064010 non_anon
non_anon's picture

a thought came to me re-reading some comments, replete in history is a way to take care of high unemployment, send the unemployed off to be "canon fodder".

Sat, 01/14/2012 - 03:00 | 2064265 guidoamm
guidoamm's picture

Ding, ding, ding... give the man a cigar (or the woman a pair of shoes)...

Fri, 01/13/2012 - 22:47 | 2063988 justintime
justintime's picture

That's some crazy shit to think about.

I remember when I saw headline "rebels create their own Central Bank". Even I could read between the lines, and I'm gullable, which is also why I'm paranoid and a ZH'r.

But, Gaddalfi was sitting on shit tons of Gold. Was that ever recovered?

Sat, 01/14/2012 - 00:16 | 2064118 knukles
knukles's picture

And remember, soon after Tripoli was taken, the New Guys on the Block liquidated a bundle of (1/3 was it?) their gold reserves to supposedly pay for arms and wages. 
Fuck... no country being supported actively by the West ever has paid for any of that shit.
And just so happens was right after Yugo Chavez called for the return of Venezualia's gold that the final mad rush to Tripoli took mere moments and the gold sold.

Ah, cooincidence, no doubt.  Again...

Sat, 01/14/2012 - 11:13 | 2064497 ISEEIT
ISEEIT's picture

Not to mention Greece buying up war machinery with the 'bailout/ponzi' funds.

So let me get this straight? "We give you zee mullah and then you give it back in exchange for shit that we sell" "Zee shit is war making shit that will be used to destroy shit so as that it must be replaced".

Makes sense, yes?

Fri, 01/13/2012 - 22:43 | 2063978 Jim in MN
Jim in MN's picture

Tick tock tick tock...and whaddya know, turns out they are not telling us what is happening on the water in real time...try a whole week later...they could be shooting any time...

http://news.yahoo.com/tensions-high-us-warns-iran-not-block-shipping-214939289.html

Tensions high, US warns Iran not to block shipping

 

WASHINGTON (AP) — Tensions rising by the day, the Obama administration said Friday it is warning Iran through public and private channels against any action that threatens the flow of oil from the Persian Gulf. The Navy revealed that two U.S. ships in and near the Gulf were harassed by Iranian speedboats last week.

Navy officials said that in separate incidents Jan. 6, three Iranian speedboats — each armed with a mounted gun — briefly chased after a U.S. Navy ship just outside the Gulf near the Strait of Hormuz and a U.S. Coast Guard cutter in the northern Gulf. No shots were fired and the speedboats backed off.

Fri, 01/13/2012 - 23:01 | 2064015 alien-IQ
alien-IQ's picture

"The Navy revealed that two U.S. ships in and near the Gulf were harassed by Iranian speedboats last week."

I can't help it...all I could picture as I read that was the scene in Monty Python search for the Holy Grail as they get taunted by the Frenchmen in the castle.

"I wave my armpits at you. I fart in your general direction.".

http://www.youtube.com/watch?v=KmYGpxuYpJQ&feature=related

Sat, 01/14/2012 - 00:00 | 2064086 Jim in MN
Jim in MN's picture

Leaving a trail of pistachio shells...the brave Iranian dinghies mercifully spare the American goliaths? 

Sat, 01/14/2012 - 00:11 | 2064111 knukles
knukles's picture

See, that'll warm the cockles of the hearts of the West Coast Lunatic Liberal Eco-Freaks, what with them rag-heads polluting the Gulf with pistachio shells.  They Must Be Brought To Justice, Severe Retribution, enough so to justify anihalating the Whole Country.  But save the camels.  They're anuses are worth their weight in gold in other nations as sexual house pets.

Holy Jesus H Jihad, is this messed up or am I mistinterpreting something or other?
Any suggestions?
.

Sat, 01/14/2012 - 06:08 | 2064341 StychoKiller
StychoKiller's picture

It's not where you're going, it's how you're going.

Fri, 01/13/2012 - 23:52 | 2064077 my puppy for prez
my puppy for prez's picture

And then there is:  "We already got one."

Couldn't be more apropos for this thread.

US:  Don't you want the holy fiat currency?

IRAN:  No thanks, we already got one!

LOL

 

Fri, 01/13/2012 - 22:47 | 2063987 Jim in MN
Jim in MN's picture

http://news.yahoo.com/iran-ships-approached-u-vessels-gulf-000624748.html

Reuters with more details, USS New Orleans and Coast Guard cutter Adak were involved.

Also discusses force buildup in Kuwait (on top of the US deployment to Isreal).

Sat, 01/14/2012 - 01:27 | 2064200 frostfan
frostfan's picture

Article doesn't mention deployment to Israel.  Why did you mention it?

Sat, 01/14/2012 - 06:05 | 2064339 StychoKiller
StychoKiller's picture

One who is pretending to sleep cannot be awakened.

Fri, 01/13/2012 - 22:32 | 2063954 falun bong
falun bong's picture

My brother-in-law is French and has lived in Africa all his life. He spent the last five years in Tripoli. He recently flew back there to reclaim his house and belongings with the French Minister of Finance. He said a few things were common knowledge over there:

1. Gaddafi had been burying containers loaded with gold in the desert for years. The buryers were then shot...only The Colonel himself knew the locations.

2. Yes Gaddafi was working to use that gold horde to back a new pan-African currency.

3. Notice how he was everybody's friend, then all of a sudden OMG we have to kill him? That's because he had bailed out the largest Italian banks, and they didn't feel like paying him back. That plus the new currency shenanigans were enough to get NATO/US  planes in the air.

All par for the course. Would make a great movie, though.

Sat, 01/14/2012 - 07:33 | 2064376 Treason Season
Treason Season's picture

If you're still around fb riddle me this. Why didn't Moammar see it the shitstorm coming and militarily prepare for it? 

Sat, 01/14/2012 - 01:09 | 2064189 DaveyJones
DaveyJones's picture

every year I get more confused on this good guy bad guy thing

Sat, 01/14/2012 - 06:01 | 2064336 StychoKiller
StychoKiller's picture

Don't look for fish in the treetops.

Sat, 01/14/2012 - 11:37 | 2064511 DaveyJones
DaveyJones's picture

but will my white crankbait show up in this blood-colored water?

Fri, 01/13/2012 - 22:52 | 2063998 alien-IQ
alien-IQ's picture

"Would make a great movie, though."

...as long as Michael Bay doesn't direct it.

Fri, 01/13/2012 - 22:25 | 2063939 non_anon
non_anon's picture

we covet other countries assests and will do whatever necessary to obtain them

Fri, 01/13/2012 - 22:23 | 2063935 frostfan
frostfan's picture

Well, I guess you don't need to mention the Libyan terrorist acts in the article.

To me, this article is the equivalent of weightlifiting for twelve hours straight at the gym.  It's taking theories and using overkill to analyze.

Europe and US are not going to be threatened by an African currency based off of gold.   Um, seen the Euro lately?  Africa would make a better union of countries?  Why? 

If you couldn't get people out of the US after the downgrades last year, when exactly will it happen?

Fri, 01/13/2012 - 23:53 | 2064079 falun bong
falun bong's picture

This is like saying "the US will never go to war with Saddam Hussein because he doesn't threaten the US". The bankers who control the world are a paranoid bunch...besides they love a good war, they always make money on them.

So

Roll credits on "WMD/Yellowcake War For Money, Part Two: Iran"

Sat, 01/14/2012 - 01:03 | 2064184 DaveyJones
DaveyJones's picture

follow the yellowcake road, follow the yellowcake road, follow follow follow follow that CIA's husband was bold 

Fri, 01/13/2012 - 22:54 | 2064004 alien-IQ
alien-IQ's picture

You seem to continuously shit on every single fucking article posted on ZH...which begs the question: What the fuck are you doing here?

Sat, 01/14/2012 - 01:21 | 2064198 frostfan
frostfan's picture

I didn't realize I had to kiss your ass, jump on the Ron Paul Train and blame America, Jews and Israel for all the world's problems just because I look for financial news that helps me think and decide.  

 

As for this article, it's crap and the only reason you don't think it's crap is because he blames all your favorite characters.   GW mentions nothing about how an African Union Currency  in reality would play out as if they're just innocent angels waiting to make a united currency and all their problems go away because well since they're dark-skinned, they would be in perfect harmony if only they didn't have outside interference.

By the way, if someone knows why he calls himself GW and what he believes what he thinks is similar to him, I'd like to know why.  I'm not criticizing.  Im just reading a book from that time period now.

 

Sat, 01/14/2012 - 05:58 | 2064335 StychoKiller
StychoKiller's picture

Even though a fish's lips move, (s)he's not saying anything.

Sat, 01/14/2012 - 05:38 | 2064325 Tompooz
Tompooz's picture

OK, Israel supporter frostfan, I'm open-minded enough to go along with you on this one. GW has written better articles.  This one a bit short on hard, convincing argument.

I thought the ban on dealing with Iran's central bank is not meant to shut down or replace Iran's central bank (it won't), but to indirectly control Iran's money supply by affecting the CIB's ability to sell oil for dollars coming previously from banks that now would not want to be boycotted by the US and shut out of the global system.

In my book, strangling a country's main exports is an act of economic warfare.

Also GW: please show me a list of non-state (private) central banks in the Middle East.

That said, the haste of the Lybian rebels to start their own CB (is it now private or state-owned??) was strange..

Sat, 01/14/2012 - 12:17 | 2064559 frostfan
frostfan's picture

I guess the Libyan rebels and the creation of a bank so early does seem unusual.   Then again, maybe it just means one of their leaders realized that you need to control the finances as well as the weapons and geography in the future.

Sat, 01/14/2012 - 02:35 | 2064248 DaveyJones
DaveyJones's picture

No one's asking you to kiss anyone's ass especially america's. Ron doesn't blame america silly just a certain amount of corrupt bankers and their kept politicians. 

Fri, 01/13/2012 - 23:04 | 2064018 Xkwisetly Paneful
Xkwisetly Paneful's picture

Yea conform or get the fuck out.

Pointing out the insanely ludicrous concept of a Pan African currency is shitting on the article.

Done with cocktails already Achmed?  Better luck next week.

Sat, 01/14/2012 - 00:06 | 2064103 falun bong
falun bong's picture

You know what would be "insanely ludicrous"? That would be a currency that included the French, and the Germans, and the Greeks, and the Italians...that wasn't based on the power to tax. Now THAT really would be "insanely ludicrous". Oh wait....

A gold-backed currency across a resource-rich long-repressed continent...not so far-fetched. Especially if you know people who actually know something about the issue...not just some troll's uninformed opinion.

Sat, 01/14/2012 - 12:14 | 2064555 Ghordius
Ghordius's picture

And what about a multi-country-currency with the freedom to default?

Sat, 01/14/2012 - 00:27 | 2064137 alien-IQ
alien-IQ's picture

Don't pay any attention to him. He's the troll that seems to have been assigned to me. Really...just watch. He's on my every post like white on rice. It's hilarious...and oddly flattering to have a troll appointed to follow my posts...sort of like having a stalker... simultaneously flattering and alarming.

Sat, 01/14/2012 - 01:10 | 2064179 DaveyJones
DaveyJones's picture

.

Fri, 01/13/2012 - 23:55 | 2064080 DaveyJones
DaveyJones's picture

In the ever growing list of insanely ludicrous world events, a Pan African currency sits oh...way way down. 

Fri, 01/13/2012 - 22:21 | 2063932 disabledvet
disabledvet's picture

This is an interesting take on our "Perpetual War for Perpetual Peace" cloud-cuckoo land world we're in. The oddity of "ramping up the war" just as "the USA winding it down" should be lost on no one. And i prefer this simpler explanation. The fact of the matter is "breaking up is hard to do." And so is peace. Where are our peace people? Does the USA have...ANY? I barely even hear mention of the word "United Nations" anymore. DOES IT EVEN EXIST? Thank God the reason we need to re-elect is "he cut our taxes and is reducing the size of government." That would be the DEMOCRAT. And as if on cue the Republicans are OUTRAGED because "Bain Capital is an evil money vulture" and "capitalism is the last thing Republicans need as part of their ideology." What's next? An Egyptian Space Program? An Iranian "avante-garde art movement"? A European who actually is? An American with a good paying job? How long does it take to get to one of those "newly discovered capable of life planets"? I'm ready....

Sat, 01/14/2012 - 09:54 | 2064447 Ghordius
Ghordius's picture

well, since you are mentioning the "Perpetual War for Perpetual Peace" concept, there is another "angle" to it that - as some others have pointed out - is seldom seen in ZH this way.

Fact 1) Washington is loaded with influential lobbyists from the weapons and ammunitions industry.

Fact 2) NATO was conceived as an alliance and as a weapons "common economic zone" or "grand arms bazaar". (opinion: the EU/eurozone ideas were greatly aided by the existence of NATO)

Fact 3) this political leverage at the center has brought a secular decrease of armament spending in the periphery - nothing new in history. The center produces and consumes more "goods made for war".

Fact 4) wars, hawkisness and a culture of fear sell

Fact 5) the USA spends 50% of the world's government's expenditures for weapons (and is nr. 1 in private expenditures, too).

Fact 6) the multinational corporations (and banks) that profit from this setup are not paying taxes in proportion to their privileges. 

Fact 7) multinationals are good at lobbying for that kind of regulation that keeps them competitive (and kills the underbrush of the small and medium productive and tax-paying enterprises, a bit like some pines do)

Now my two cents: we live in a global village where JoeSixPackUS is waking up and wonders why the city council charges him - and only him - for the costs of having JoeSoldierUS patrolling the village, when JackBankerMultinational and NancyCorpMultinational are making lots of dough thanks to that and paying no taxes at all, compared to him... well, yes, he has a retirement account with some shares of Jack and Nancy. But is this a good deal? Furious indignation follows with constant calculations, back and forth, including an increasing infatuations for speculation...

Fri, 01/13/2012 - 22:16 | 2063923 UP4Liberty
UP4Liberty's picture

Hey GW,

Great article (as usual).

;)

Remember the infamous quote?  "Give me control of  a nation's money supply and I care not who makes the laws."

While sincerely believing our nation has the greatest potential for a society based upon real freedoms and liberties for all (thanks to the efforts of our founding fathers and the Declaration of Independence, the Bill of Rights and the US Constitution), this freedom has been incrementally diminishing since the Civil War.

Over the past few decades, my gut instinct has been eliciting a sneaking suspicion that most of the wars our nation engaged in were unjust conflicts - and that we are all being "USED" for a means to an end - the endgame being an empire controlled by the biggest banks - who in reality are the true owners of all governments and military forces.

I am more and more convinced that we live in a time where the banking empire is very seriously - and I believe quite inhumanely - attempting to force every individual and every nation on the planet first into accepting the USD as the world's currency - but then migrate from the USD into into a CA$HLE$$ society.

A society where the banking empire will have the ability to control and enact the creation of a monetary unit which has no value - through bribery of the military and political classes.

Those at the top of the banking empire will then be the only group left with anything of intrinsic value (precious metals, diamonds, minerals, food and manufacturing corporations, and all military industrial complex corporations and systems).

Therefore the people will never have the ability to change the system - because they will have nothing of true value or worth with which to exchange for goods and services - and the banking empire will be able to dictate all financial and monetary terms to all people.

I think the strategy is to destroy the fiat Euro and fiat Chinese currency systems - while getting as many nations as possible to conduct monetary transactions with only the USD.

Once the fiat USD is destroyed, a two-tiered monetary system will be foisted upon us.

Top tier could then be a precious metal backed currency or basket of currencies - of which only the empire will be in posession.

The lower tier will be a global fiat currency for us schmucks - which I believe will correctly be termed "credits" or "points".

We're being set up for this system gradually over generations...first the ATM machines, then being able to conduct transactions with a bank card...GEE - HOW CONVENIENT!

And the precious metal price-fixing smash downs and monetary propaganda keep on occurring just enough to make unwise citizens wary or fearful of investing in the only asset class which has outlasted and outlived all fiat monetary regimes FOR 6,000 YEARS!

To All Zhers, please pardon the rant...I had to get this out of my mind.

It is Friday and I need a beer.  Cheers!

 

 

Sat, 01/14/2012 - 00:07 | 2064106 Random_Robert
Random_Robert's picture

No money, cashless society.... Star Trek, Bitchez...

except, I don't remember the President of the United Federation of Planets being a Banker, or having the last name Rothschild.

 

 

Sat, 01/14/2012 - 00:43 | 2064168 robobbob
robobbob's picture

I also don't recall any mention of "elections" in the future. And any dissent branded as criminal, insanity, or alien possession.

Sat, 01/14/2012 - 12:43 | 2064583 Spastica Rex
Spastica Rex's picture

Oh, come on. The Klingon Civil War ring a bell?

Sat, 01/14/2012 - 05:42 | 2064329 stacking12321
stacking12321's picture

dont be ludicrous!

why would you even want elections?

the computer knows what's best.

you think a human, with flawed reasoning and corrupted motivations, could be entrusted to decide who should lead?

 

Sat, 01/14/2012 - 12:10 | 2064551 margaris
margaris's picture

of course money is not necessary in a future where you can just turn on the replicator and create whatever you can imagine.

Even energy supply doesnt seem to be a problem in star trek, with the exception of those damn warp drive crystals.

 

The people in star trek just seem to work for fun, or to progress humanity...

No need to enslave yourself for any money-god or corporation just to be able to pay your bills.

Pay your bills in startrek? They dont need to pay anything, everyone is an active contributing member of the very exploratory federation... no matter what "profession" he has...

They provide you with a free ship, a replicator, energy crystals, and the location of a planet far out in the bad lands of space... :-)

Would you go?

Sat, 01/14/2012 - 12:08 | 2064544 Dapper Dan
Dapper Dan's picture

Speaking about computers you may find this interesting,

http://cleverbot.com/

Cleverbot wins Machine Intelligence Prize
Cambridge, 15th December 2010

A special version of the Cleverbot application has won the BCS Machine Intelligence Competition 2010, after taking part in a quick-fire Turing Test.

Cleverbot was running with notably more power behind it than is possible for the online version, with 24 separate instances conferring on their answer.

10 volunteers talked for 2 minutes each using a plain text interface, and the whole of the event audience voted on 'how human' each conversation appeared to be.

Fri, 01/13/2012 - 22:06 | 2063867 CulturalEngineer
CulturalEngineer's picture

 

The best way out is always through.

- Robert Frost

That quote suggests to me a different approach to the very real central banking hegemony problem.

 

Catalyze a dollar (and Euro, Rupee, Peso, etc. )network owned and governed by the users themselves... 

http://angel.co/civilization-systems

 

  1. Patented method* allows simple, secure, one-click political micro-transaction with FEC reporting requirements fulfilled and limits tracked w/o burdening transaction costs
  2. Same method allows other transactions of any size as well... catalyzing desirable 'donor network' because of advantages to donors, recipients and third parties
  3. Establishment of this donor network, in turn facilitates specialized and localized platforms with much needed capabilities for civic engagement and community purposes 
  4. Model is profit-making
  5. User governance with plan for evolution from traditional VC funding to buy-out by user-base

 

How the Political Micro-transaction catalyzes a ubiquitous Donor Network:

Ever get an email like this:

We at the ASPCA say "Support an end to the killing of puppies" (or whatever)... click here and send an email to your Congressman urging the passage of our "Stop killing Puppies bill!" 

Instead, what if that email said: 

We at the ASPCA say "Support an end to the killing of puppies"... click here and send an email to your Congressman along with 25 cents to us here at the ASPCA in support of the Stop killing Puppies bill!. 

And they send out millions of those emails at one shot. 

That 25 cent contribution is not now a viable transaction... so the ASPCA doesn't ask... and probably doesn't even consider the possibility. 

But what if it were? And with just a click? 

Bottom Line: The user's even very, occasional desire to make such a transaction can drive the creation of a ubiquitous transaction network for other kinds of transactions as well... and then... well... evolutions aren't always easy to predict to precisely but I do think about that quite a bit.

Sure this is part of a pitch... and I'm 'talking my own book'... but it really can reach to the heart of this issue if you'll think about it long enough. I'm talkin' a natural path to a needed utility owned by neither government nor 'the squid'... but by humanity itself.

 

Fri, 01/13/2012 - 22:09 | 2063907 CulturalEngineer
CulturalEngineer's picture

We are continually faced with a series of great opportunities brilliantly disguised as insoluble problems.
- John W. Gardner

Fri, 01/13/2012 - 21:49 | 2063864 Cruzan Stomp Revival
Cruzan Stomp Revival's picture

My, my, my: wasn’t it easy for the US was able to create hyperinflation (literally overnight) in Iran via obvious machinations? Why sink capital ships, blow up dams, target division headquarters when you can gut a country’s store of value by 70%?

How the mullahs there could leave themselves that vulnerable to a Western banksta raid is a source of abiding astonishment to me.

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