Why A Dollar Collapse Is Inevitable

 

“Naturally, the smooth termination of the gold-exchange standard, the restoration of the gold standard, and supplemental and interim measures that might be called for, in particular with a view to organizing international credit on this new basis, will have to be deliberately agreed upon between countries, in particular those on which there devolves special responsibility by virtue of their economic and financial capabilities.” 

General Charles de Gaulle, February 1965

We have been here before – twice. The first time was in the late 1920s, which led to the dollar’s devaluation in 1934. And the second was 1966-68, which led to the collapse of the Bretton Woods System. Even though gold is now officially excluded from the monetary system, it does not save the dollar from a third collapse and will still be its yardstick.

This article explains why another collapse is due for the dollar. It describes the errors that led to the two previous episodes, and the lessons from them relevant to understanding the position today. And just because gold is no longer officially money, it will not stop the collapse of the dollar, measured in gold, again.

France on the Verge of Total Collapse

In his new book, Will the Church Bells Ring Tomorrow?, Philippe de Villiers notes the disappearance of churches in France, and their replacement by mosques. Pictured above: On August 3, French riot police dragged a priest and his congregation from the church of St Rita in Paris, prior to its scheduled demolition. Front National leader Marine Le Pen said in fury: “And what if they built parking lots in the place of Salafist mosques, and not of our churches?” (Image source: RT video screenshot)

 

• France did not perceive it at the time, but it placed itself in a trap, and the trap is now closing.
• In the 1970s, the Palestinians began to use international terrorism, and France chose to accept this terrorism so long as France was not affected. At the same time, France welcomed mass-immigration from the Arab-Muslim world, evidently as part of a Muslim wish to expand Islam. France’s Muslim population has since grown in numbers while failing to assimilate.
• Polls show that one-third of French Muslims want the full application of Islamic sharia law. They also show that the overwhelming majority of French Muslims support jihad, and especially jihad against Israel, a country they would like to see erased from the face of earth.
• “It is better to leave than flee.” — Sammy Ghozlan, President of the National Bureau of Vigilance against Anti-Semitism. He was later mugged, and his car was torched. He left.
• Villiers also mentions the presence in “no-go zones” of thousands of weapons of war. He adds that weapons will probably not even have to be used; the Islamists have already won.
• Originally, France’s dreams might have been of displacing America as a world power, accessing inexpensive oil, business deals with oil-rich Islamic states, and the prayer of no domestic terrorism.

France is in turmoil. “Migrants” arriving from Africa and the Middle East sow disorder and insecurity in many cities. The huge slum commonly known as the “jungle of Calais” has just been dismantled, but other slums are being created each day. In eastern Paris, streets have been covered with corrugated sheets, oilcloth and disjointed boards. Violence is commonplace. France’s 572 “no-go zones,” officially defined as “sensitive urban areas”, continue to grow, and police officers who approach them often suffer the consequences. Recently, a police car drove into an ambush and was torched while the police were prevented from getting out. If attacked, police officers are told by their superiors to flee rather than retaliate. Many police officers, angry at having to behave like cowards, have organized demonstrations. No terrorist attacks have taken place since the slaughter of a priest in Saint-Etienne-du-Rouvray on July 26, 2016, but intelligence services see that jihadists have returned from the Middle East and are ready to act, and that riots may break out anywhere, any time, on any pretext.

Kremlin’s French front

Infiltrate, redirect, divide… and conquer. The objective is not only to break the EU, but get NATO kicked out. And here, we see again new information being brought up that the refugee crisis was Russian orchestrated.

 

On December 13, France will hold the second round of regional elections, which are considered a dress rehearsal before the parliamentary and presidential elections in 2017. UNIAN gathered expert opinions on what the change of the French political elites would mean for Ukraine.

In the first round of local elections, the far-right National Front led by Marine Le Pen showed the best results in six out of 13 regions of the metropolis scoring 27.88% of the votes across the country. At the same time the Republicans Party led by Nicolas Sarkozy, in alliance with the centrists, took 26.98% and topped the lists in four regions. The ruling Socialists led by Francois Hollande received 23.33% becoming leaders in only three regions.

How the Chinese Will Establish a New Financial Order

 

For many years now, it’s been clear that China would soon be pull­ing the strings in the U.S. financial system.

In 2015, the American people owe the Chinese government nearly $1.5 trillion.

…

We are stuck with an enormous debt we can never realistically repay… And the Chinese are trapped with an outstanding loan they can neither get rid of, nor hope to collect. So the Chinese govern­ment is now taking a secret and somewhat radical approach.

China has recently put into place a covert plan to get back as much of its money as possible – by extracting colossal sums from both the United States government and ordinary citizens, like you and me.

France Is Heading For The Biggest Economic Train Wreck In Europe

“The emotional side of me tends to imagine France, like the princess in the fairy stories or the Madonna in the frescoes, as dedicated to an exalted and exceptional destiny. Instinctively I have the feeling that Providence has created her either for complete successes or for exemplary misfortunes. Our country, as it is, surrounded by the others as they are, must aim high and hold itself straight, on pain of mortal danger. In short, to my mind, France cannot be France without greatness.

– Charles de Gaulle, from his memoirs

Recently there have been a spate of horrific train wrecks in the news. Almost inevitably we find out there was human error involved. Almost four years ago I began writing about the coming train wreck that was Europe and specifically Greece. It was clear from the numbers that Greece would have to default, and I thought at the time that Portugal would not be too far behind. Spain and Italy clearly needed massive restructuring. Part of the problem I highlighted was the significant imbalance between exports and imports in all of the above countries.

France’s triumphant ‘Joan of Arc’ vows to bring back franc and destroy euro

Marine Le Pen is spoiling for a fight. The leader of France’s Front National vows to smash the existing order of Europe and force the break-up of monetary union, if she wins the next election.

It is no longer an implausible prospect. “We cannot be seduced,” she said, brimming with confidence after her party secured 46pc of the vote in a by-election earthquake a week ago. Her candidate trounced the ruling Socialists in their own bastion of Villeneuve-sur-Lot.

“The euro ceases to exist the moment that France leaves, and that is our incredible strength. What are they going to do, send in tanks?” she told the Daily Telegraph at the Front National’s headquarters, an unmarked building tucked away in the Paris suburb of Nanterre. Her office is small and workaday, almost austere.

Europe can survive without Britain, says François Hollande

François Hollande launched a three-pronged attack on Britain saying that Europe would survive without the UK, while claiming David Cameron risked splintering the EU and that his austerity policies were failing.

In a marathon press conference just shy of three hours, the embattled Socialist President promised to “go on the offensive” in year two of his five-year mandate with France sinking into recession and enduring record unemployment levels.