Currency War: Dragging the World Toward World War III

 

Echoes of 1934 are thundering with increasing intensity.

In 1934, United States President Franklin Delano Roosevelt outlawed the private ownership of gold. After confiscating billions in bullion, Roosevelt shocked the world by revaluing it. The cost for an ounce of gold, previously set at $20.67, was suddenly $35. Overnight, Roosevelt devalued the dollar by 69 percent.

The president told the country that it was a radical effort to stimulate America’s economy. A cheaper dollar would make America’s exports less expensive and help American companies sell more products to the rest of the world, he said. More money would flow into America, and more jobs would be created.

It did those things. And it also marched the world another giant step closer to war.

Dangerous Currency War Dragging World Toward World War III

 

Echoes of 1934 are thundering with increasing intensity.

In 1934, United States President Franklin Delano Roosevelt outlawed the private ownership of gold. People who refused to turn their gold over to the government went to jail. With the same presidential order Roosevelt shocked the world by devaluing the dollar. The cost for an ounce of gold, previously set at $20.67, henceforth cost $35.

President Roosevelt told the country that it was a radical effort to stimulate America’s economy. A cheaper dollar would make America’s exports less expensive and help American companies sell more products to the rest of the world, he said. More money would flow into America, and more jobs would be created.

It did those things. And it also marched the world another giant step closer to war.

Michael Savage: Is Obama playing for the opposing team?’

Welcome to The Michael Savage Newsletter, your daily insider report on all things “Savage.”

Michael Savage offered listeners a history lesson about the similarities (and differences) between Benito Mussolini’s domestic spending policies and those of Barack Obama.

Savage explained that when Italian dictator Benito Mussolini came to power, “the first thing he did was start public works projects along the same lines as Barack Obama: bridges to nowhere and roads to nowhere.”

He added:

They were immensely popular in Italy, because at least they put people back to work.

This model of massive public works projects was then adopted by Franklin Delano Roosevelt and Adolf Hitler, and again, the people approved of these projects.

One difference between Mussolini and Obama (and the differences are many) is that while Mussolini was building roads and bridges to nowhere, he was also building up the Italian navy.

In fact, at the outset of World War II, the Italian navy was larger than that of Germany and Great Britain combined.

On the other hand, while Obama is building roads to nowhere, he’s destroying the American military at the same time.

There’s one thing you don’t know about Barack Obama: He is true to his cause. He’s following the script that was clearly laid out for him.

His calling is to weaken America in any way he can and to strengthen America’s enemies in any way he can.

How else do you explain they’re still calling the rise of Islamic regimes “the Arab Spring” when everyone knows the regimes rising there are far worse than those which were just overthrown?

Why is Obama cheering the Islamists everywhere across the Arab landscape?

It leads you to ask yourself what side he’s on and whether he’s not playing for the opposing team.

It leads serious men to stay awake long into the night and ask themselves: Have we been invaded and have the enemies already taken over this country?

Article Source:  Is Obama playing for the opposing team?’ (Michael Savage)