money talk: World’s largest Ponzi Scheme. The Federal Reserve System has become the World’s greatest Ponzi Scheme because it has issued an absurd amount of money to Congress to spend like drunken sailors all over the World. In fact so many American debt-notes aka “US Petro Dollars” have been spent and disbursed all over the world that experts now believe that eventually, if not sooner than later, the value of the US Petro Dollar will easily descend to almost nothing. This descent to minimal value will likely be greatly accelerated when the BRICS ECONOMIC DEVELOPMENT BANK comes on line in the near future. The US Petro Dollar has functioned as the World’s Reserve Currency ever since an arrangement was negotiated by President Richard Nixon who took America off the Gold Standard at that time. But once the BRICS System goes live, many economic experts expect the Worldwide US Dollar Derivative System, the largest Ponzi scheme in History, to collapse like a house of cards. Once this happens there is likely to be a catastrophic collapse in the vale of the US Dollar and it will become unlinked to oil sales and will no longer be the World’s Reserve Currency.
Posted on: Sat, 02 Aug 2014 11:34:58 +0000
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