Doomsday for the Greenback

I've read and followed William Clark's first essay from just before the Iraq invasion, and this has been updated by him, and here by Mike Whitney. And I agree as well that this is the kernel of truth that lies behind, and explains, U.S. policy, and especially lately. A must read.

A preemptive attack on Iran would “provoke other industrial nations to strategically abandon the dollar en masse”… “in an effort to thwart the neoconservatives from pursuing their desperate strategy of dominating the world’s hydrocarbon energy supply.” William R. Clark “Petrodollar Warfare; Dollars, Euros and the upcoming Iranian Oil Bourse”,

The Federal Reserve is the financial headquarters for the cartel of multinational banking establishments. The confederation of banks in the Fed underwrites the exploitative activities of the world’s main industries and sets rates in a manner that best serves their objectives. This is how the bankers perpetuate the system of economic hegemony and apply the shackle of debt and dependence to the planet’s most destitute countries. The Federal Reserve is every bit as critical to the maintenance of the empire as its political counterparts in Washington or its blood-brothers in the US Military. It is the largest of the empire’s three gears; economic, political and military, which mobilize the mighty wheel of state terror.

Read on. . . .