Has The Perfect Moment To Kill The Dollar Arrived?

Well it looks like the fiscal cards are still being laid out on the table where the banksters games and gambling took place.

This post is from zerohedge..

Last month, the Fed announced that it was formulating a plan to “expand its tool kit”. This includes an openly admitted possibility of a third round of quantitative easing starting as early as September:

This timeline appears to coincide perfectly with the breakdown of the EU, which may also see a climax event in September. In that month, EU policymakers will return from summer holiday. German courts will make a ruling which could put an end to any chance that the country will support a eurozone rescue fund. The Dutch, which are anti-bailout, will vote in elections. Greece will be attempting to renegotiate its financial lifeline. And, the ECB will have to assess the impending chaos in Spain and Italy:

As far as the Fed’s ability to remedy the fiscal situation goes, let’s clear something up right here; the Fed has NO TOOLKIT. Sorry, but central banks have only two options when attempting to shift the tide of the economy: They can lower interest rates to zero, and, they can print-print-print. That is it. We’ve had TARP, numerous bailouts, QE1 and QE2, Operation Twist, and interests rates have been kept near zero for years! These so called solutions have been strapped like millstones around our necks and absolutely nothing has been accomplished since 2008.

Real unemployment still stands at over 20%. The housing crisis remains an unstoppable juggernaut. Europe is on the verge of meltdown (despite the trillions in American taxpayer dollars handed to EU banks). The national debt continues to grow at a pace far beyond what the Obama Administration and mainstream economists (who should have been fired long ago) predicted in 2010. There are no secret magic tricks up the sleeve of Ben Bernanke. Even if the Fed actually wanted to save our financial system, and our currency (which they don’t), there is nothing they can do except make the situation worse. Central banks are perhaps the most useless institutions ever devised, unless, of course, their true purpose is to diminish the financial health of a country and siphon away its economic sovereignty…

Enter the death of the dollar.

The IMF has been consistently calling for the end of the dollar as the world’s reserve currency, and for its replacement by the SDR

http://money.cnn.com/2011/02/10/markets/dollar/index.htm

http://www.imf.org/external/np/pp/eng/2011/010711.pdf



Fed toolkit: http://www.reuters.com/article/2012/07/24/us-usa-fed-tools-idUSBRE86N1G120120724

Spain and Italy: http://www.reuters.com/article/2012/07/29/us-eurozone-crisis-idUSBRE86S05J20120729





NEW YORK (CNNMoney) -- The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.

JPMorgan Chase has received subpoenas and requests for documents and, in some cases, interviews, from the DOJ, CFTC, SEC, European Commission, UK Financial Services Authority, Canadian Competition Bureau, Swiss Competition Commission and other regulatory authorities and banking associations around the world.

That's a whole lot of subpoenas. For the uninitiated, "DOJ, CFTC, SEC" refer to the Justice Department, Commodity Futures Trading Commission and Securities and Exchange Commission. "Libor" stands for "London Interbank Offered Rate," a short-term interest rate that affects borrowing costs for homeowners, companies and borrowers throughout the world, along with about $350 trillion in credit derivatives. Despite its importance, the rate has apparently been manipulated constantly for years, in what may be the biggest financial scandal of all time.

I keep getting the sinking feeling that Humanity has not ultimately been managed by Humans for thousands of years -- for whatever reasons (legitimate or otherwise) -- and that Banking and Taxation have been at the center of this Hypothetical Management System. Whoever and Whatever is behind this probably does NOT wish to be exposed and deposed. I worry about poison-pills and scorched-earth policies. I also worry about whether Humanity is capable of ruling Humanity -- despite my calls for Human-Sovereignty and a United States of the Solar System. I really do NOT wish to be stubborn and stupid in this matter.