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 Post subject: The Last Gasp of the Greenback
PostPosted: Wed Sep 20, 2006 2:03 pm 
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The Last Gasp of the Greenback

by Mike Whitney | Sep 20 2006


The U.S. dollar is the very heart of the empire. It’s the cornerstone upon which the military, the media and the political establishment rests. The dollar’s strength however does not come from its comparative value to other currencies, but from its widespread use as the world’s reserve currency. As the reserve currency the dollar defies the fundamental rules for determining “real value”, that is, the relationship between the nation’s credits and debits and the size and strength of its economy. Rather, the dollar’s extensive use is the result of America’s economic dominance since the end of the World War 2, the profitability of its markets, and its stranglehold on the oil trade.

If the dollar’s value was simply determined according to America’s national debt, the faltering dollar would sink like a stone. As it stands, foreign countries are still willing to take checks (dollars) from a nation that is drowning $8.3 trillion of red ink.

Traditionally, American leaders have understood the great advantages of controlling the world’s reserve currency. It allows the Federal Reserve to create money out of thin air and pass it off to foreign countries for their valuable resources and manufactured goods. As one critic noted, “It’s like having a mint in your back yard.”

The system, however, has been thoroughly abused by the Bush administration which has borrowed trillions from the treasury for lavish tax cuts, “no bid” contracts, and endless wars. With a trade deficit currently running at $800 billion per year which is 6.4% of GDP, most of these expenses are being financed by countries in the developing world. The trade deficit with China alone was nearly $200 billion last year, which means that China unwittingly paid for 2 years of the war in Iraq!
War is considerably less painful when someone else is paying the bill.

Never the less, the present system is ideal for extortion, expropriation, and exploitation, which is why it is so popular in Washington. Many believe that we are fighting in Iraq to defend dollar-hegemony. That may not so far fetched. Saddam switched to the euro just 6 months before he was pelted with laser-guided munitions in Shock and Awe. Similarly, the war drums have been beating ferociously since Iran announced the opening of its oil bourse which would trade oil in euros rather than dollars. Putin and Chavez have also fallen from grace with Washington since they’ve shown an eagerness to ditch the dollar and sell oil in either euros or rubles.



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PostPosted: Sat Sep 23, 2006 12:23 pm 
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The Fall of America

Chapter 20

Decline of the Dollar



1 The strong-hold of the American government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed.

2 The pound has lost 50 percent of its value. America’s dollar has lost everything now as power backing for her currency, which was backed by gold for every $5 note and up. All of her currency was backed by silver, from a $1 note up.

3 But today, the currency of America is not backed by any sound value - silver or gold. The note today is something that the government declares they will give you the value in return, but does not name what the value is. But they definitely are not backing their currency with silver or gold.

4 This is the number - one fall, and it is very clear that the loss of the power of the American dollar means the loss of the financial power of America. What will happen since there is no sound backing for her notes we do not know.

5 What should we expect even in the next twelve months under the fall of the power of America’s dollar? This means that we have 100 percent inflation. What could happen under 100 percent inflation? Your guess is as good as mine. The power of gold and silver was once abundant in America. But the touch of the finger of God against the power of so mighty a nation has now caused the crumbling and fall of America.

6 We can easily and truthfully liken the fall of America to the prophetic symbolical picture given in the (Bible) Revelation of John 18:2. The name Babylon used there does not really say whether it is ancient Babylon or a picture of some future Babylon.

7 The description it gives is as follows:

"And he (angel) cried mightily with a strong voice (with authority) saying, Babylon the great is fallen, is fallen and is become the habitation of devils, (Allah has declared the people to be a race of devils) and the hole of every foul spirit and a cage of every unclean and hateful bird." The description here give to the Babylon by the prophets compares with the present history and people of America and their fall.

8 The picture shows the cause of her fall. Number one, she had become the habitation of devils, and being the habitation of devils makes her a haven for every people that love the works and doings of the devil. Here the prophet refers to them, symbolically, as being a hole of every foul spirit, and a cage of every unclean and hateful bird.

9 People are referred to as birds, snakes, beasts, fish and other animals to tell or represent the characteristics of that person. It is universally known that the very beginning of the American people was from the lower class of European people. And their first ruler (President Washington) was a fugitive from England. And the common, dissatisfied and lower grade of European people followed and boosted his authority. This filled and inhabited America with a very low class and low-based people.

10 And then this type of people went into Africa and purchased slaves from among our people who were also uneducated, most of them; but there were a few who were highly educated. All of these began to mix with the low-based, evil-minded, real citizens of the Western Hemisphere (whites). And when America began to get strong in power, she opened her doors to the underprivileged (laborers) in overpopulated countries such as China, Japan, and in Europe to seek citizenship in America.

11 This brought into America one of the most mixed people, who were granted the freedom to live any kind of life they chose. They were not forced to serve the God of the universe who made heaven and earth nor any religion. They had freedom of worship. This made America a haven for any people who wished to be free of the compellers of religion and just rule and authority. This people for the past five hundred years have put into practice every evil that is imaginable.

12 The freedom of uncleanliness is granted and is worshiped. The percentage of sexual worship of the same sex is greater than any government on the face of the earth. Little children are bing taught sex almost from the cradle, making the whole nation, as one man put it, "nearly 90 percent freaks of nature."

13 It is common to see on the streets of any metropolitan city of America men sweethearting with men and women sweethearting with women. Little boys with boys and little girls with girls.

14 It is common that a decent family is puzzled as to where to send their children for schooling. There are no all girl schools as there once were. They are all girls schools of sweethearts; the same sex falling upon their own. Boys’ colleges are breeding such filthy practice; the jail houses, prisons, and the federal penitentiaries are all breeding dens of homosexuals.

15 As the Prophet says in the 18th chapter; "She is a cage of every unclean and hateful bird." There are types of hateful birds. This is why a symbolical name is given. It means human beings. There are birds of prey and birds that are unclean such as crows, owls, buzzards and ravens who live and thrive off the carcass of others. And there are unclean people living and thriving off the unclean.

16 It is time that God intervenes to bring about an end of such people as the wicked of America. She offers the same filth to all of the civilized of the earth, and she hates you if you are against her way of life and will threaten you with death as the Sodomites did Lot and his followers. But I say to you as the 4th verse of Revelations, Chapter 18 says: You that want to be a better people than this, "come out of her."

17 The so-called American Negroes are referred to here in the 4th verse as being God’s people ("My people") Come out of her...that ye be not partakers of her sins and that ye receive not of her plagues."

18 This is a call to the American so-called Negroes to give up a doomed, wicked people that has destroyed them from being a people worthy of recognition, and who have now become lovers of their enemies and destroyers.

19 The 5th verse tells us that "Her sins have reached into heaven and God has remembered her iniquities and is ready to destroy her." Her destruction cometh quickly, according to the 8th verse, that plagues of death, mourning and famines which cometh in one day (one year) then after that she shall be destroyed by fire, utterly burned."

20 This is backed up by the words: "Strong is the Lord God who judge her." Here it gives us a knowledge that He who judges is well able with power, with wisdom, and with deliberate and careful maneuvering to make judgement against her.


The chapter above was written in a book titled "The Fall of America" by Elijah Muhammad in 1972.

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fracture for fracture, eye for eye, tooth for tooth. As he has injured the other, so he is to be injured.

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