Death and Resurrection of the US Dollar - A Review Article by Adrian Salbuchi

Analysts the world over are starting to recognize the early warning signs of a gathering storm regarding the strength of the international financial system in general, and the stability of the United States Dollar, in particular.

This essay provides an alternative view on this impending crisis, written from the viewpoint of an Argentine analyst whose country has undergone recurrent monetary and financial crises over the past forty years, albeit on a domestic rather than an international scale.

Argentina experienced banking system collapses, inflation, hyperinflation, public debt defaults, stock market crashes and just about anything else you may care to imagine in terms of financial and monetary crises. Chronic inflation was so bad that since 1970 the Argentine currency – the Peso – was revamped four times and had a total of 13 zeroes knocked off in order to cope with inflation, the result being that One Peso which today will just barely buy you a bus ride in Buenos Aires City, is equivalent to 10.000.000.000.000 pesos from 1970, which at that time would have allowed you to purchase the entire country and left some change in your pocket.

In this country, we therefore have a lot of practical first-hand experience on these matters and we believe that we have much added value to contribute if we apply our practical knowledge and experience to what seems to be a cross-roads situation afflicting the global financial and monetary systems.

Today’s financial turmoil rings a lot of familiar bells to us and the sickly US Dollar is certainly looking a whole lot like the old Argentine Pesos and “Australes” of yore. Perhaps too, some lessons can still be learned and the damage from these enormous risks can be somewhat mitigated.

Adrian Salbuchi, June 2005[1]

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Getting the Job Done

Last January, US President George W. Bush began his second term in office by declaring foreign policy objectives with clear imperial overtones that seem to promise increasing violence and disruption on a worldwide scale. Aside from the on-going illegal military occupations of Iraq and Afghanistan, we can most certainly expect other major crises and convulsions of a military, political, economic and financial character. One of these has specifically to do with the use and abuse of the US Dollar as an instrument of Imperial World Power by the Bush Administration.

In today’s “globalized” and “interdependent” world, hi-tech applied to geopolitics, economy and finance have transformed all of us into potential victims of a vast number of virtual tsunamis which do not involve oceanic waves but rather waves of technology-driven social catastrophes, financial collapse and artificial crises resulting in civil wars, external invasions, genocides and collective disruption on a scale never seen before. And even though these may be virtual tsunami, the harm and suffering they cause are very real.

The world is on the verge of experiencing the controlled destabilization and collapse of the US Dollar, which will be replaced by a “New Dollar” backed by Official “Good Gold.” The primary driving forces behind this global process are the Bush Administration allied to major private financial-industrial interests in the United States and elsewhere, focused on private Overworld geopolitical planning emanating from a network of think tanks, primarily the New York-based Council on Foreign Relations.

The Controlled Destabilizing and Collapse of the US Dollar.

“The King is dead! Long Live the King!” Such has been since Medieval times, the cry announcing the demise of an English Monarch and the immediate enthroning of the chosen Royal Successor. If the US Dollar is the “king of world currencies” and governs today’s usury-based international financial system, it is no doubt an old, decrepit, tired and sickly sovereign. Since the Empire will never allow his throne to remain empty and subject to unpredictable forces, we can be sure that old and sickly King Dollar already has an appointed blue-blooded royal successor, with rosy cheeks, golden locks and solid health. (... read on)