FOIA Reveals Long-Hidden Transcript of President Obama Talking to Progressive Media About the Trump-Russia Fraud Story 3 Days Before Trump 2017 Inauguration


Posted originally on the CTH on November 1, 2024 | Sundance 

On January 17, 2017, just three days before President-Trump was sworn into office, outgoing President Obama had a secret conference call with progressive media allies.

A long battled FOIA request by Jason Leopold was finally able to receive documents and within the documents the transcript of the phone call is revealed. [Documents Here]

Again, this is three days before Trump took office, when the Obama White House and Intelligence Community were intentionally pushing the Trump-Russia conspiracy story into the media in an effort to disrupt President Trump’s transition to power.  President Obama is essentially asking his progressive allies to help defend his administration. Part of the 20-page transcript is below: 

Barack Obama – […] I think the Russia thing is a problem. And it’s of a piece with this broader lack of transparency. It is hard to know what conversations the President-elect may be having offline with business leaders in other countries who are also connected to leaders of other countries. And I’m not saying there’s anything I know for a fact or can prove, but it does mean that — here’s the one thing you guys have been able to know unequivocally during the last eight years, and that is that whether you disagree with me on policy or not, there was never a time in which my relationship with a foreign entity might shade how I viewed an issue. And that’s — I don’t know a precedent for that exactly.

Now, the good news there, I will say, is just that there’s a lot of career folks here who care about that stuff, and not just in the intelligence agencies. I think in our military, in our State Department. And I think that to the extent that things start getting weird, I think you will see surfacing objections, some through whistleblowers and some through others. And so I think there is some policing mechanism there, but that’s unprecedented.

And then the final thing that I’m most worried about is just preserving the democratic process so that in two years, four years, six years, if people are dissatisfied, that dissatisfaction expresses itself. So Jeff Sessions and the Justice Department and what’s happening with the voting rights division and the civil rights division, and — those basic process issues that allow for the democratic process to work. I’d include in that, by the way, press. I think you guys are all on top of how disconcerting — you guys complain about us — (laughter) — but let me just tell you, I think — we actually respected you guys and cared about trying to explain ourselves to you in a way that I think is just going to be different.

On balance, that leads to me to say I think that four years is okay. Take on some water, but we can kind of bail fast enough to be okay. Eight years would be a problem. I would be concerned about a sustained period in which some of these norms have broken down and started to corrode.

Q Could you talk a bit more about the Russia thing? Because it sounds like you, who knows more than we do from what you’ve seen, and is genuinely —

THE PRESIDENT: And can say less. (Laughter.) This is one area I’ve got to be careful about. But, look, I mean, I think based on what you guys have, I think it’s — and I’m not just talking about the most recent report or the hacking. I mean, there are longstanding business relationships there. They’re not classified. I think there’s been some good reporting on them, it’s just they never got much attention. He’s been doing business in Russia for a long time. Penthouse apartments in New York are sold to
folks — let me put it this way. If there’s a Russian who can afford a $10-million, or a $15- or a $20- or a $30-million penthouse in Manhattan, or is a major investor in Florida, I think it’s fair to say Mr. Putin knows that person, because I don’t think they’re getting $10 million or $30 million or $50 million out of Russia without Mr. Putin saying that’s okay.

Q Could you talk about two things? One is, the damage he could do to our standing in the world through that. I mean, just this interview he gave the other day, and what you’re worried about there. And then the other side — and you sat down with him. I found the way in which he screamed at Jim Acosta just really chilling. If you just look at the face in a kind an authoritarian or autocratic, whatever word you want to use, personality — would you, on those two?

THE PRESIDENT: On the latter issue, EJ, you saw what I saw. I don’t think I need to elaborate on that.

Q But you sat down with him privately. I’m curious about —

THE PRESIDENT: Privately, that’s not — his interactions with me are very different than they are with the public, or, for that matter, interactions with Barack Obama, the distant figure. He’s very polite to me, and has not stopped being so. I think where he sees a vulnerability he goes after it and he takes advantage of it.

And the fact of the matter is, is that the media is not credible in the public eye right now. You have a bigger problem with a breakdown in institutional credibility that he exploits, at least for his base, and is sufficient for his purposes. Which means that — the one piece of advice I’d give this table is: Focus. I think if you’re jumping after every insult or terrible thing or bit of rudeness that he’s doing and just chasing that, I think there’s a little bit of a three-card Monte there that you have to be careful about. I think you have to focus on a couple of things that are really important and just stay on them and drive them home. And that’s hard to do in this news environment, and it’s hard to do with somebody who, I think, purposely generates outrage both to stir up his base but also to distract and to — so you just have
to stay focused and unintimidated, because that’s how you confront, I think, a certain personality type.

But in terms of the world — look, rather than pick at one or two different things — number one, I don’t think he’s particularly isolationist — or I don’t think he’s particularly interventionist. I’m less worried than some that he initiates a war. I think that he could stumble into stuff just due to a lack of an infrastructure and sort of a coherent vision. But I think his basic view — his formative view of foreign policy is shaped by his interactions with Malaysian developers and Saudi princes, and I think his view is, I’m going to go around the world making deals and maybe suing people. (Laughter.) But it’s not, let me launch big wars that tie me up. And that’s not what his base is looking from him anyway. I mean, it is not true that he initially opposed the war in Iraq. It is true that during the campaign he was not projecting a hawkish foreign policy, other than bombing the heck out of terrorists. And we’ll see what that means, but I don’t think he’s looking to get into these big foreign adventures.

I think the bigger problem is nobody fully appreciates — and even I didn’t appreciate until I took this office — and when I say “nobody,” I mean the left as well as the right — the degree to which we really underwrite the world order. And I think sometimes from the left, that’s viewed as imperialism or sort of an extension of a global capitalism or what have you. The truth of the matter, though, is, if I’m at a G20 meeting, if we don’t initiate a conversation around human rights or women’s rights, or LGBT rights, or climate change, or open government, or anti-corruption initiatives, whatever cause you believe in, it doesn’t happen. Almost everything — every multilateral initiative function, norm, policy that is out there — it’s underwritten by us. We have some allies, primarily Europe, Canada, and some of our Asia allies.

But what I worry about most is, there is a war right now of ideas, more than any hot war, and it is between Putinism — which, by the way, is subscribed to, at some level, by Erdogan or Netanyahu or Duterte and Trump — and a vision of a liberal market-based democracy that has all kinds of flaws and is subject to all kinds of legitimate criticism, but on the other hand is sort of responsible for most of the human progress we’ve seen over the last 50, 75 years.

And if what you see in Europe — illiberalism winning out, the liberal order there being chipped away — and the United States is not there as a bulwark, which I think it will not be, then what you’re going to start seeing is, in a G20 or a G7, something like a human rights agenda is just not going to even be — it won’t be even on the docket, it won’t be talked about. And you’ll start seeing — what the Russians, what the Chinese do in those meetings is that they essentially look out for their own interests. They sit back, they wait to see what kind of consensus we’re building globally, they see if sometimes they can make sure their equities are protected, but they don’t initiate.

If we’re not there initiating ourselves, then everybody goes into their own sort of nationalist, mercantilist corners, and it will be a meaner, tougher world, and the prospects for conflict that arise will be greater. I think the weakening of Europe, if not the splintering of Europe, will have significant effects for us because, you may recall, but the last time Europe was not unified, it did not go well. So I’m worried about Europe.

There are a lot of bad impulses in Europe if — you know, Europe, even before the election, these guys will remember when we were, like, in Hanover and stuff, and you just got this sense of, you know, like the Yeats poem — the best lacked all conviction and the worst were full of passion and intensity, and everybody on their heels, and unable to articulate or defend the fact that the European Union has produced the wealthiest, most peaceful, most prosperous, highest living standards in the history of
mankind, and prior to that, 60 million people ended up being killed around the world because they couldn’t get along.

So you’d think that we’d have the better argument here, but you didn’t get a sense of that. Everybody was defensive, and I worry about that. Seeing Merkel for the last time when I was in Berlin was haunting. She looked very alarmed.

Q What can you share with us about what foreign leaders, like Merkel and others, have expressed to you about what happened here in this election and what’s happening internationally generally since November 8th?

THE PRESIDENT: I think they share the concerns that I just described. But it’s hard for them to figure out how to mobilize without us. This is what I mean — I mean, I’ll be honest, I do get frustrated sometimes with like the Greenwalds of the world. There are legitimate arguments to be made about various things we do, but overall we have been a relatively benign influence and a ballast, and have tried to create spaces — sometimes there’s hypocrisy and I’m dealing with the Saudis while they’re doing all kinds of stuff, or we’re looking away when there’s a Chinese dissident in jail. All legitimate concerns. How we prosecute the war against terrorism, even under my watch. And you can challenge our drone policy, although I would argue that the arguments were much more salient in the first two years of my administration — much less salient today.

You can talk about surveillance, and I would argue once again that Snowden identified some problems that had to do with technology outpacing the legal architecture. Since that time, the modifications we’ve made overall I think have been fairly sensible.

But even if you don’t agree with those things, if we’re not there making the arguments — and even under Bush, those arguments were made. I mean, you know, they screwed up royally with Iraq, but they cared about stuff like freedom of religion or genital mutilation. I mean, there was a State Department that would express concern about these things, and push and prod and much less NATO, which you kind of would think, well, that’s sort of a basic, let’s keep that thing going, that’s worked okay.

So I think the fear is a combination of poor policy articulation or just silence on the part of the administration, a lack of observance ourselves of basic norms. So, I mean, we started this thing called the Open Government Partnership that’s gotten 75 countries around the world doing all kinds of things that we’ve been poking and prodding them to do for a long time. It’s been really successful making sure that people know what their budgets are and how they can hold their elected officials accountable, and we’re doing it in Africa, in Asia, et cetera. And now, if we get a President who doesn’t release his tax returns, who’s doing business with a bunch of folks, then everybody looks and says, well, what are you talking about? They don’t even have to, like, dismantle that program, it’s just — our example counts too.

Q Mr. President, can I ask you to go to kind of a dark place for a second in terms of —

THE PRESIDENT: I was feeling pretty dark. (Laughter.) I don’t know how much — where do you want me to go exactly?

Q I can bring us lower, trust me.

Q The John McCain line, everything is terrible before it goes completely black. (Laughter.)

Q I know that you feel that there’s a lot you can’t say on the Russia story, but just even speaking hypothetically, if there were somebody with the powers of U.S. President who Russia felt like they could give orders to, that Russia felt like they had something on them, what’s your worst-case scenario? What’s the worry there in terms of the kind of damage that could be done?

And also domestically, with a truly malign actor, if he’s, way worse than we all think he might be, and he wanted to use the powers of the U.S. government to cause — to advance his own interests and cause other people harm that he saw as his enemies, are there breaks out there that you see? What are the places where you worry the most in terms of damage being done?

THE PRESIDENT: Okay, on the foreign policy, the hypothetical is just — I can’t answer that because I’ll let you guys spin yourselves.

What I would simply say would be that any time you have a foreign actors who, for whatever reason, has ex parte influence over the President of the United States, meaning that the American people can’t see that influence because it’s not happening in a bilateral meeting and subject to negotiations or reporting — any time that happens, that’s a problem. And I’ll let you speculate on where that could go.

Domestically, I think I’ve mentioned to Greg the place that I worry the most about. I mean, I think that the dangers I would see would be — and we saw some hints of this in my predecessor — if you politicize law enforcement, the attorney general’s office, U.S. attorneys, FBI, prosecutorial functions, IRS audits, that’s the place that I worry the most about. And the reason is because if you start seeing the government engaging in some of those behaviors and you start getting a chilling effect, then looking at history I don’t know that we’re so special that you don’t start getting self-censorship, which in some ways is worse, or at least becomes the precursor.

We have enough institutional breaks right now to prevent just outright — I mean, you would not, even with a Supreme Court appointment of his coming up, Justice Roberts would not uphold the President of the United States explicitly punishing the Washington Post for writing something. I mean, the First Amendment — there’s certain things that you can’t get away with.

But what you can do — it’s been interesting watching sort of a handful of tweets, and then suddenly companies are all like, oh, we’re going to bring back jobs, even if it’s all phony and bullshit. What that shows is the power of people thinking, you know what, I might get in trouble, I might get punished. And it’s one thing if that’s just verbal. But if folks start feeling as if the law enforcement mechanisms we have in place are not straight, they’ll play it straight. That’s dangerous, just because the immense power — one of the frustrations I’ve had over the course of eight years is the degree to which people have, I think in the popular imagination and certainly among the left, this idea of Big Brother and spying and reading emails and writing emails — and that’s captured everybody’s imaginations.

But I will tell you, the real power that’s scary is just basic law enforcement. If the FBI comes and questions you and says it wants your stuff, and the Justice Department starts investigating you and is investigating you for long periods of time, even if you have nothing to hide, even if you’ve got lawyers, that’s a scary piece of business, and it will linger for long periods of time.” …. (Much More Continues after Page, 10)

Nikki Haley: “The Last Time I Talked to [Trump] Was Back in June”


Posted originally on the CTH on November 1, 2024 | Sundance

Whenever you are feeling nervous or anxious about an outcome, the best thing you can do is laugh.  Just relax and laugh.

Say your prayers, be right with God and everyone else; and when it comes to politics, watch Trump be Trump and enjoy.

Oh, and Nikki Haley is unemployed, but she’s on “standby” or something. 

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How Can You Tell American Electoral Angst is Reaching its Apex – They’re Going Bananas


Posted originally on the CTH on November 1, 2024 | Sundance 

You know the era of ‘splodey heads is upon us, when even the insufferable Hugh Hewitt, the preferred narrative engineer of the professional DeceptiCon establishment, just cannot take it any longer.

In a video that captured the moment, Hugh Hewitt quits his job at the Washington Post during a segment of professional gaslighting so extreme even Hewitt couldn’t take it any longer. Even the Bazooka Joe x-ray specs couldn’t retain the vein that just popped in his temple. Oh, this is delicious. WATCH:

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It’s not often we get to see ‘splodey heads in real time.  Savor the moment.

Even Suspicious Cat was caught, well, completely surprised…

…Best – Election – Ever!

MAGA is driving them relentlessly bananas.

If this is Hewitt, just imagine what Zelensky is going through.

Live your very best life, and lol your way to the voting booth.

Natalie Winters Breaks Down Elitists Push To Amend The Constitution And Keep Trump Out Of Whitehouse


Posted originally on Rumble By Bannons War Room on: Oct 31, 2024 at 8:00 pm EST

Next up, China – U.S Intel Community Now Declares Provenance of Trump Surveillance Associated with “China-Linked Hackers”…


Posted originally on the CTH on October 30, 2024 | Sundance

The ongoing surveillance of Donald Trump continues to generate a need for the U.S. Intelligence Community (USIC) to attribute foreign adversaries to the origin.  However, substantively we all know the surveillance itself is coming from inside the house.

In the latest development, the New York Times is reporting from their sources “familiar with the matter,” that communication systems within President Trump’s family have been corrupted by “China-linked hackers.”  Before outlining the who’s, what’s and transparently predictable “why’s” of the story, let us first outline what the USIC is leaking to the New York Times.

Remember as you read this, each surveillance system -the origin of the spyware- tells us a lot about what methods are being deployed as a justification for surveillance that we know has been ongoing for a long time.  Notice this “hacking” system is attributed to “Phones used by Jared Kushner and Eric Trump.” When you see ‘phones‘, think ‘Pegasus.’

New York Times – Members of former President Donald J. Trump’s family, as well as Biden administration and State Department officials, were among those targeted by the China-linked hackers who were able to break into telecommunications company systems, according to people familiar with the matter.

The sophisticated hacking operation has alarmed national security officials and appears to have targeted a substantial but focused list of people whose communications would be of interest to the Chinese government. The list of known targets is currently fewer than 100 individuals, these people said, speaking on condition of anonymity to describe a sensitive ongoing investigation.

So far, the list of targeted phones includes devices used by high-profile people, including Mr. Trump, his son Eric Trump and his son-in-law Jared Kushner. (read more)

Time is of the essence, so let’s cut to the chase.

The Biden attribution to the same ‘hacking’, is a disposable narrative useful only insofar as the USIC needs to project an air of bipartisanship to the underlying narrative.  Yes, the USIC monitors the Bidens just like they do every other entity of influence in/around government.  However, Biden is irrelevant in this one.

When you see the methods being stated by the USIC to the New York Times as “phones,” we can immediately understand the tools of the spyware they are deflecting toward is the Pegasus system developed by Israeli intelligence contractor NSO.  As the Guardian noted in 2021, ” [NSO] sells surveillance technology to governments worldwide. Its flagship product is Pegasus, spying software – or spyware – that targets iPhones and Android devices. Once a phone is infected, a Pegasus operator can secretly extract chats, photos, emails and location data, or activate microphones and cameras without a user knowing.”

Due to the nature of the product they sell, NSO works with the Israeli government to vet the purchaser of the spyware they sell.

The Pegasus’ cell phone surveillance technology is a tool for governments who cannot build out the technology on their own, and they do not have access to the NSA database. Pegasus is marketed as an alternative to data collection that allows the government agency to specifically target individual cell phones and spy on what that phone is doing.

That’s the surface system that the USIC is selling as part of their operational narrative.  However, how does that attribution connect to “China-Linked Hackers”?  This is where we must always visit prior research.

After the Pegasus revelations were made, it was identified that the actual code that created the malware behind Pegasus was not, in actuality, code generated from within the network of the Israeli company that sells the software/spyware.  There was a very strong indication the actual spyware was created by the Chinese.  Israel was selling a cell phone communication surveillance system, created in part by coding from China, discovered by noticing Chinese fingerprints in the spyware code itself.

The motives and intentions for Israeli intelligence are always what they are.  Israeli intelligence operates on the backbone of multiple SIGNIT (signal intel) and HUMIT (human intel) networks.  Israel doesn’t care what the sourcing of the surveillance spyware is; it’s more important to them to have access to the surveillance end product. I digress.

However, we go back to the aspect of how the story originates, from the USIC to the New York Times.  Now we see that it is important for the USIC to promote a very specific leak that Chinese affiliated systems are monitoring President Trump’s family phones.   Why would the USIC want to make that assertion public?  Because the assertion itself is a distraction, a justification, a smokescreen per se’ that will cover their sourcing of any information that comes as an outcome of the surveillance.

The USIC is conducting the surveillance using the same metadata capabilities they always have.  However, if something useful needs to be exploited, they need an attribution that is disconnected from them.  The USIC need plausible deniability to exploit the surveillance.  The USIC tells the New York Times that China-linked systems are doing the surveillance.

If you were to believe that the USIC stopped exploiting the NSA database to conduct surveillance of Trump, you would have to believe with the stakes even higher than 2016 they somehow, magnanimously, decided not to exploit the system they used in 2015 and 2016.  Put another way, we would have to be stubbornly stupid to think the USIC stopped conducting surveillance on Donald Trump.

This motive of false attribution by the USIC toward China becomes increasingly important when you realize President Trump and his transition team have decided to stay away from the U.S. Government partnership therein.  If a leak of information from within the transition is needed to stimulate a narrative, that leak must have some other plausible method of origin, or it becomes obvious the USIC is monitoring Trump despite his team staying private and outside govt.

When you accept the NSA database of electronic metadata is being exploited by the USIC, the same process they used in 2016, then you accept some method of plausible deniability is needed, especially if President Trump stays disconnected from official USG involvement until much closer to his inauguration.  Hence, the USIC telling the New York Times the Chinese did it.

Just because Eric and Lara Trump are getting their automobile gas tanks filled from alternate or random gas stations, doesn’t mean the GPS tracking in their car’s satellite radio stops working.

The bottom line for the Trump network is to understand the U.S. Intelligence Apparatus, writ large, is currently conducting electronic surveillance of their operations, including the operations of the transition team.   This is NOT going to stop, even after Donald Trump becomes President-elect.

Thus, the importance of the “Emissary.”

The Washington DC Intelligence Community (IC) actively work to isolate the office of the president.  This is an almost impossible dynamic to avoid, caused by an entrenched and ideological adversary who has dug themselves deep into the apparatus of government.

The “emissary” is the person who carries the word of President Trump to any person identified by President Trump.  The emissary is very much like a tape recording of President Trump in human form.  The emissary travels to a location, meets a particular person or group, and then recites the opinion of the President.  The words spoken by the emissary, are the words of President Trump.

The IC cannot inject themselves into this dynamic; that is why this position is so valuable.

The emissary then hears the response from the intended person or group, repeats it back to them to ensure he/she will return with clarity of intent as expressed, and then returns to the office of the presidency and repeats the reply for the President.  The emissary recites back exactly what he was /is told.

This process is critical when you understand how thoroughly compromised the full Executive Branch is.  More importantly, this process becomes even more critical when you accept the Intelligence Community will lie to the office of the President to retain their position.

Read this next sentence slowly…. If the Senate confirms a director of an IC silo, then that director is demonstrably going to lie to the office of the President.

The Senate only confirms Intelligence Community leadership who are willing to LIE to THE PRESIDENT.    This is just a factual reality.

If the Senate Select Committee on Intelligence (SSCI) confirms them, they will lie.  That is the main role of the SSCI.

The people who constructed the Silos then metastasized the control rot within them, use the term “continuity of government,” to describe the true role and responsibility of the system.  This is not factually wrong.

Where people go wrong is misunderstanding what the “continuity” is that is being maintained.  Truly, the continuity of government is the priority. However, it’s the continuity of currently corrupt and immoral government we are now maintaining.

The CIA Director will lie to President Trump (they did, remember).  The FBI Leadership will lie to President Trump (they did, remember).  The AG will lie, the DNI will lie, the NSA will lie, and all the deputies therein will lie.

Washington DC puts it this way, you probably heard Bill Barr talking about ad-infinitum.  The IC leadership is responsible for maintaining the “continuity of government” at all costs.  The government is more important than The President.

If the continuity of government is maintained by lying to the office of the President, then so be it.  Or, as James Comey said when justifying his lies to the President and his manipulation on March 20th, 2017: “because of the sensitivity of the matter.

You can get as angry as you want about this, it’s just the DC system that exists.  We must deal with what exists, not what we would pretend there is.

If a candidate for an IC position is not willing to lie to the President, the Senate will not confirm him/her.   This is why President Trump needs an emissary.

The role of the emissary is critical, the qualifications for that role are extremely important.

Remember, this person is speaking on behalf of President Trump.  And representing the responding voice with a similar level of clarity.

The emissary must be of incredible moral character.  They must be honest.  The person should be entirely altruistic.  They must have exceptional judgement, possess no ego, be impervious to scrutiny or review. They must maintain themselves at the highest moral standards at all times and exhibit incredible judgement and wisdom.

Due to the nature of the position the emissary is extremely powerful; therefore, a disposition of humility is also critical.  The President must be able to trust this person without reservation or issue.  At the same time, the entire weight of the U.S. Intelligence Community apparatus will seek to compromise the emissary as they try to put walls around the President who holds silo-busting power.

Honesty, integrity, humility, trustworthiness, unimpeachable character and exceptional judgement, establish the baseline of traits the emissary must possess.

This is a choice that will be deeply important to President Trump.  Fortunately, it is not a position that requires any confirmation or external approval.  Judgement, discernment, wisdom and silence are the strength characteristics.

[Support CTH Research Here]

Steve Bannon’s First Press Conference Post Danbury Prison (29 Oct


Posted originally on Rumble By Bannons War Room on: Oct 29, 2024 at 8:30 pm EST

Jeff Clark On The Return Of Stephen K. Bannon


Posted originally on Rumble By Bannons War Room on: Oct 29, 2024 at 8:30 pm EST

Natalie Winters : Steve Bannon Embodies Real Masculinity


atalie Winters

Posted originally on Rumble By Bannons War Room on: Oct 29, 2024 at 8:30 pm EST

Natalie Winters: “The Elites That Jailed Bannon Are Coming For You”


Posted originally on Rumble By Bannons War Room on: Oct 29, 2024 at 8:30 pm EST

BRICS will not kill Dollar – War Will


Posted originally on Oct 29, 2024 By Martin Armstrong

BRICS Currency

QUESTION: Marty, I know you will not say who you advise, but we know you were the only Western analyst called in by China during the Asian Currency Crisis. People have also seen you in India at that famous hotel that the terrorists attacked. China even issued a white paper on how their central bank uses Capital Flow Analysis, which you invented. That said, my question is: The BRICS had everyone expecting a gold-backed currency if that failed. You also said in an interview that the new BRICS currency would not displace the dollar. Would you comment on why a gold-backed BRIC note would fail since they seem to have taken that position from you?

QB

BRICS Note

ANSWER: The BRICS currency was created for geopolitical reasons when the Neocons transformed the SWIFT system into an economic weapon and even threatened China that they would do the same to them if they supported Russia. Once that occurred, the Neocons transformed the entire world’s monetary system into a weapon of war. That is why we have the BRICS. It had nothing to do with killing the dollar or backing their currency with gold.

Wholesale Price Inflation Gold Fluctuated

Many hoped for an official announcement regarding a gold-backed currency, which failed to materialize. Look—a gold-backed currency would be massively deflationary. The money supply could not expand with the population or in times of need without new discoveries. Just because a currency is gold does not eliminate inflation or deflation. All the gold discoveries during the 19th century in California, Alaska, and Australia caused havoc economically. Then there were wars. The fact that gold was the currency did not prevent inflation.

1715 FleetCobSet 2

Spain defaulted 7 times. All the gold and silver they brought back from the New World caused massive European inflation. Those who preach that a gold standard is the answer know nothing about history.

Tiberius Aureus Genuine India Imitation
Gordian III AV Inidian Imitation

They blame “fiat currency” as if this will solve all the problems by eliminating it. There were booms and busts throughout ancient times long before there was paper money. ALL currency is fiat, even when it is gold. I have shown that Southern India routinely imitated Roman gold coins because they had a premium over gold – fiat. Northern India and the Kushan Empire did issue their own coinage mainly because they traded more with China. Southern India stuck imitation Roman gold coins for about 250 years.  That confirms that the Roman coinage was worth more than the metal content.

BRICS Will Not be a Gold-Backed Currency or a Dollar Killer

Strong Euro
Euro US Clear

They made the same claims about the Euro. That, too, did not work out well. Why? The value of a currency is the productive capacity of its people—not its gold reserves. Japan and Germany lost the war and rose to the top of the economic food chain because their people were productive. The United States has the largest CONSUMER-BASED economy, so everyone needs to sell their products here. That means that they must sell in dollars. The US is also strong militarily. That also adds to the foundation of the currency.

UK Debt 1692 2012

It is time we abandon all of these old, stupid economic theories, leftovers from the 18th and 19th centuries. The economy has evolved since then. The Neocons are destroying the dollar. They are undermining the future of the United States, and when we lose another one of their endless wars, the financial capital will shift from New York to Beijing. Just as war killed Britain, so will it kill the dollar and the United States.