Who Will Be The Next To Fall?

Before I get into what is coming, I really must take you back to what has already happened. If you haven’t yet, you really should read this article first:

Greece is The Word

The reality is, the global crash actually began with 9/11, the fall of The Twin Towers. A lot of people have stopped asking about this, or maybe they just forgot, amidst all the diversions (conflicts):

2.3 TRILLION? That is nothing something you will find down the back of the sofa now is it? Maybe the person who lost it, actually left it in his other pants?

We stopped pushing for answers on this. Was our attention to this deflected by the fall of those towers, do you think?

Rumsfeld says $2.3 Trillion never lost, just untracked

‘The former Secretary of Defense explains that the $2.3 Trillion was never truly lost, but rather untracked in a complex accountability system’.

(Link to Article)

Now, the story about the missing trillions came the day BEFORE 9/11, so it is highly likely that people forgot about this, but it brings to mind a movie I saw just the other day called Chaos. This movie is about a gang that appear to hold up a bank. They blow the bank up and make their getaway. What comes to light, is that they never actually stole anything from the bank, but they inserted a virus program that re-routed $100 from a million bank accounts all across the globe, so the mastermind of the plot walked away clean with $10 billion. Effectively, the explosion was to divert people away from the fact that money was being stolen, until it was too late to stop it from happening. Hm….

Now, after 9/11 the stock markets in United States, Canada, Asia, and Europe were hit pretty hard. Some people called it The Crash. The dollar declined steadily against the Euro.

‘As of September 24, 2002, the Dow Jones Industrial Average had lost 27% of the value it held on January 1, 2001: a total loss of 5 trillion dollars. The Dow Jones had already lost 9% of its peak value at the start of 2001, while the Nasdaq had lost 44%.’ – Wikipedia.

According to this article, the total loss was ‘only $9 Trillion’? Only? Well that is good news. Phew! For a moment there I thought we were talking about a lot.

Speaking of January 2001, I forgot to mention a little something that might have been the catalyst of the collapse and subsequent crisis:

Iraq nets handsome profit by dumping dollar for euro

‘Almost all of Iraq’s oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York.

The Iraqi account, held at BNP Paribas, has also been earning a higher rate of interest in euros than it would have in dollars.

The marked appreciation of the euro, higher interest rates, and the ability to pay mainly European suppliers in euros is believed to have made hundreds of millions for the Iraqi oil-for-food programme.’

(Link to Article)

There are two ways of looking at this:

1) This is not connected. Move along now, there is nothing to see here (and bless your naivety).

2) The argument goes that unless the price of oil is denominated only in Dollars, then the U.S. would not be able to continue to control huge balances of payment deficits. The argument is based on the idea that the motivation for other nations to hold accounts and reserves in Dollars is that they can use them to pay for oil.

‘Continue to control huge balances of payment deficits’ – Could that amount be equal to say $2.3 Trillion, by any chance? So the timeline goes – Iraq deals in Euros over Dollars, $2.3 trillion ‘unaccounted for’ in the home of the dollar, followed by the destruction of the Twin Towers, alleged to be orchestrated by Iraq, followed by the invasion of Iraq. Again I say – hm…

Now we get onto something a little different. in a previous article I asked you a question:

‘Bizarrely, we are told that Russia is in financial ruin, so how could they bail out other countries? Does anybody else think that is a little odd?’

(Link to Article)

Well ask, and you shall receive:

‘The recession affected the European Union during 2000 and 2001 and the United States in 2002 and 2003. The UK, Canada and Australia avoided the recession, while Russia, a nation that did not experience prosperity during the 1990s, in fact began to recover from said situation.’ – Wikipedia

So whilst other developed countries suffered, Russia prospered? Remember that. Also, the UK DID suffer. Remember how I condemned England many times over for mimicking Americas every move? That the UK are about 3 years behind the US in everything they do? Well the UK were hit around 2005 and 2006, though it didn’t climax until 2008 with HBOS.

So why is it important for us to connect economic crisis with preferring to use Euros over Dollars?

Preparing for the Collapse of the Petrodollar System

‘…The impact that a sudden loss of the petrodollar system would have upon the United States of America.

  • The Federal Reserve would lose their ability to print more dollars to solve America’s economic problems.
  • That action would involve an immediate and dramatic increase in interest rates to reduce America’s money supply.
  • Hyperinflation would ensue temporarily while the interest rates took time to take full effect.
  • All oil-related prices, including gas prices, would reach outrageous levels.
  • Washington would soon realize that the total amount of money in the system would have to be dramatically slashed even further, leading to an even higher increase in interest rates
  • People with adjustable rate debts would be crushed and massive layoffs would occur as businesses suffered from the high interest rates.
  • Asset prices across the board would plummet in value.
  • Amid the financial carnage, an economic recovery eventually would begin to take place. But this new American economy would be tremendously smaller due to a drastically reduced money supply.

(Link to Article)

Okay, so looking at it this way, it would seem to suggest that any country that favors the Euro over the Dollar, is in big trouble. But how true is this?

In 2003, Argentina’s economy finally crashed after 3 bailouts by the IMF. According to news sources, the economy spiralled out of control which, according to Time meant:

‘…the Argentinean peso was legally pegged to the dollar, on a one-to-one basis, a decade ago by Economy Minister Domingo Cavallo. He’d hoped the move would end hyperinflation, but what that meant in practice was that when Brazil devalued its real in 1999, foreign investors and buyers found their dollars could buy more in Brazil than in Argentina.’

There is that dollar again and of course, the Euro gets a mention too, but isn’t it interesting?:

‘THE promise of offshore-oil riches has dangled over the Falkland Islands for years.  With just 2,563 residents, a multibillion-dollar oil industry would make the Falklands one of the richest communities on earth. The local Government (FIG) has already crafted its own fiscal policy to collect a 9% royalty on petroleum that is eventually extracted and a 26% corporation tax on future licensees. The FIG is planning to channel revenues into a sovereign-wealth fund.

(Link to Article)

Whilst other outlets are suggesting that:

‘The exact cause of Argentina’ economic melt down is contested.  Some argue that it was due to the poor policy advice from the IMF (Stiglitz 2002) and others, the IMF among them, blame the irresponsibility and corruption of the Argentine government (Krueger 2002).  Central to all the arguments, however, is the failures Argentina’s fixed exchange rate policy.

During the 1980s and early 1990’s, on the advice from the IMF, the government opted to fix the Argentine peso’s exchange rate to the U.S. dollar (1 dollar = 1 peso). The fixed exchange rate was intended to be a stabilizing force for the economy after a period of hyperinflation (up to 200%).  This policy essentially made the peso and dollar interchangeable.  The problem with Argentina’s fixed exchange rate was it caused the peso to increase in value at the same rate as the dollar during the economic boom of the 1990’s.  A rising currency value caused Argentina’s exports to become more expensive relative to the country’s imports.  Since Argentina’s largest trading partners are Brazil and the European Union, whose currencies were valued much lower than the peso, the Argentine export market was stalled limiting the growth of the economy.’

I see a touch of irony here. If 1 dollar=1 peso, why wouldn’t the value of it ‘increase at the same rate’? You don’t need me to point out that by destroying the economy of Argentina, all that lovely oil is just there for the taking, do you?

So far the common denominators seem to be the dollar, the euro and oil. See if you can determine what the common denominators are in all the other countries that have experienced economic strife. I would also refer you, at this point, to the role Russia has played. Read on.

Hungary:

‘Declining exports, reduced domestic consumption and fixed asset accumulation hit Hungary hard during the financial crisis of 2008, making the country enter a severe recession of -6.4%, one of the worst economic contractions in its history.

On 27 October 2008, Hungary reached an agreement with the IMF and EU for a rescue package of US$25 billion, aiming to restore financial stability and investors’ confidence.

Not currently using the Euro, though plans are in place.’

March 2015: In the end, Euratom refused to approve Hungary’s plans to import nuclear fuel exclusively from Russia. Hungary appealed against the decision but, according to three people close to the talks, the European Commission has now thrown its weight behind Euratom’s rejection of the contract.

//www.ft.com/cms/s/0/9a6467e2-c8c1-11e4-8617-00144feab7de.html#ixzz3hdY59pxx

Today: Hungary’s economic freedom peaked in 2013, and declines in the past two years, particularly in property rights and business freedom, have raised questions about the momentum for further reform. Concerns about the rule of law have been increasing over the past few years, and the government has been struggling with a burgeoning budget and foreign currency debt.

Romania:

‘Two of Romania’s neighbors, Hungary and Ukraine, already have been forced to accept bailouts from the International Monetary Fund. Next-door Bulgaria, with a bulging current-account deficit, has troubles of its own. To the north, the Baltic states are also feeling a severe pinch, with consumers deeply in hock to stressed Scandinavian banks. The European Union, which many of the former Soviet satellite countries thought would bring them stability, hasn’t offered much help.

“I’m afraid E.U. membership is not enough protection for Romania, Bulgaria and the Baltics,” said Ilie Serbanescu, an economist and former government official. “The entire Romanian economy is in the hands of foreign companies. If the international situation is good, then it’s no problem. But if the situation is not good, like now, we are in trouble.”

(Link to Article)

Not currently using the Euro, though 2018 is the confirmed deadline for the introduction of this currency.

April 2015: Romania stands firm with the EU, vows to fight Russia.

Today: With a steady five-year increase in economic freedom, Romania joins a growing trend in Eastern Europe. In the 2015 Index, Romania has achieved its highest economic freedom score ever. However, even with these improvements and membership in the European Union, Romania’s status as a transitional economy is still apparent.

Bulgaria:

‘Despite reforms, weak control over privatization led many successful state enterprises to bankruptcy. The SDS government also failed to stop the growing negative account balance, which has since then continued to increase, reaching a negative of $12.65 billion in 2008’ – Wikipedia.

Agreement reached 2007, to introduce the Euro.

April 2015: Despite EU protests, Bulgaria has refused to stop work on its section of Russia’s South Stream pipeline.

Today: Bulgaria is ranked 26th out of 43 countries in the Europe region, and its overall score is above the world average but below the regional average.

Greece:

Already discussed in my previous article ‘Greece is the Word’.

Euro introduced in 2002.

June 2015: Greece and Russia signed a preliminary agreement Friday for cooperation on a pipeline that will bring Russian gas to Europe through Greece and Turkey.

Today: Once ranked in the “moderately free” category, Greece is now considered “mostly unfree.” With the 10th largest score decline in the 2015 Index, Greece has recorded its lowest economic freedom score ever this year.

Latvia:

In the 2008-9 crisis, Latvia suffered more than any other country despite its extensive bank reforms after the 1995 crisis. Yet only one of its banks failed (Parex): the rest were bailed out by their foreign owners.

Converted to Euros in 2014.

February 2015: Latvia currently holds the six-month rotating presidency of the European Union, and Mr. Razans said one of the country’s goals in that capacity is to better engage individual countries’ “relations with immediate neighbors,” both defensively and economically.

Today: Latvia has made remarkable economic progress since the financial crisis. The economy is performing close to potential. The country experienced a smooth entry into the euro area.

I could list every country that is currently in a bit if shtuck financially and that just happens to have a connection with Russia and how that connection may or may not be the reason for the collapse of that economy, but that would be a really long list. Instead, have a look for yourself:

Country Rankings

And after you have looked at that, go back to a previous article I wrote that listed all countries that either owe money to Russia, are in talks for bailouts with Russia, have agreed to go into business with Russia or who have actually started trading with Russia:

The Beast is Formed

As the title of this article asks: Who will be the next to fall? There is a rumour that Spain will be next, but I am not so sure that is true. Does Spain have something that other more powerful countries will kill for?

So I ask you: Which country is standing in the way of the Global take down plan? I promise you that will be the next country to fall. Pick a country, any country on the above list and then watch that country of your choosing very closely.

What do you think? Drop us a line at:

contact@notapoliticalbeast.com

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Post Categories: Conspiracy, Crazy Ideas, Current Affairs, Politics, Truth, Un-natural Disasters
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