Submitted by Anonymous
There was great confidence in the US Dollar as the World Reserve Currency, from the Bretton Woods Conference in 1944 until August 15, 1971. This is when Henry Kissinger advised President Richard Nixon to sever the link of our currency tied to gold, which acted as the collateral and supported the currency’s value. When President Nixon, “closed the gold window,” other nations could no longer exchange their dollars for gold; essentially, he reneged on the Bretton Woods Agreement.
Two years later in 1973, by necessity, Henry Kissinger had to negotiate a new form of collateral to back the World Reserve Currency; this became known as the Petro Dollar. The US provided Saudi Arabia with military protection and Saudi Arabia agreed to sell oil exclusively denominated in US Dollars. Therefore, other nations had to convert their currencies into dollars, often at a loss in exchange rates; then purchase oil in US Dollars. Saudi Arabia’s further obligation was to purchase our Treasury Bonds with their Petro Dollar revenue sales from oil.
Government actions, monetary policies and fiscal spending all coalesce with the law of economics and lend clarity as to why housing has become such a highly valued tangible asset; most notably since 1971. According to the Federal Reserve’s Economic Data the median sale price of a house in August of 1971 was $25,300, while today it is $416,100 or an increase of over 1500%. This is more accurately described as the loss in the purchasing power of our fiat currency, which falls against the value of all tangible assets when the collateral is removed and the M2 money supply is increased. Real median household income has not kept pace, as it has only risen 32%, over the same approximate period.
Fast forward to today, in 2023 or fifty years later, we are now experiencing the slow demise of the Petro Dollar system under the policies of our current administration. When Biden’s energy policy is coupled with the weight of our thirty two trillion dollar debt it, once again, undermines the faith and confidence in our fiat currency. There is diminishing collateral supporting the US World Reserve Currency; yet, the difference today is many alliances have already been formed among BRICS nations: Brazil, Russia, India, China, and South Africa, to trade oil and other essential commodities outside of the US World Reserve Currency system. Actions have consequences.
We might be tempted to write these poor decisions off, as happenstance or a political blunder; however, a prediction was made in 1969: “Home Ownership A Thing Of The Past.” An eerie ring of truth has followed this prediction over the past fifty years; it is worthy of our consideration. The quote below is from Dr. Lawrence Dunegan, which was recorded in a 4-hour long interview in 1988. The information quoted was from his hand written notes and recollections of a lecture he attended for Pediatric Physicians in 1969. The lecture was given by Dr. Richard Day, a professor and physician with an interest in population control, as medical director of planned-parenthood.
“Privately owned housing would become a thing of the past. The cost of housing and financing housing would gradually be made so high that most people couldn’t afford it. People who already owned their houses would be allowed to keep them but as years go by it would be more and more difficult for young people to buy a house. Young people would more and more become renters, particularly in apartments or condominiums. More and more unsold houses would stand vacant. People just couldn’t buy them. But the cost of housing would not come down. You’d right away think, well the vacant house, the price would come down, the people would buy it. But there was some statement to the effect that the price would be held high even though there were many available so that free market places would not operate. People would not be able to buy these and gradually more and more of the population would be forced into small apartments.”
Towns, municipalities, and cities across the United States are all diligently trying to solve the same critical problem: a lack of affordable housing. If you acknowledge this is a national problem, it would be instructive to review federal policies that have contributed to this dire outcome, as well as the impact that fiscal and monetary policies play in exacerbating the problem today.
If we examine the Environmental, Social, Governance (ESG) movement, which is on track to exceed $50 Trillion in assets under management by the year 2025, we will find Blackrock, State Street, and Vanguard lobbyists are leading the parade to extract wealth by commoditizing natural resources, under the guise of saving the environment. The following is one such example. “A stealth effort to bury wood for carbon removal has just raised millions,” as reported in the December 2022 issue of MIT Technology Review.
Kodama Systems is a forest management company in Sonora Nevada which has just raised $6.6 million from the Bill Gate’s Breakthrough Energy Ventures Fund. The mission is: “to clear timber and bury it underground in a vault in Sierra Nevada.” The explanation is: “trees are naturally efficient at sucking down vast amounts of carbon dioxide from the air, but they release the carbon again when they die and rot on the ground. Sequestering trees underground in a vault could prevent this.”
While a rational person might think the disadvantages clearly outweigh the advantages: such as, trees give off oxygen and we need oxygen to breathe and to sustain life. Timber is an important resource: we need lumber to build houses and we need more affordable housing. Therefore; burying timber might not serve humanity; in fact, it might become a detriment to society. Unfortunately; when $50 Trillion dollars is at stake in the ESG movement, we have to consider the possibility that rational thinking is not driving the decision making process; therefore, house prices may go up further, due to a scarcity of lumber.
Many people are led to believe this ESG movement is a new concept allocating carbon credits to individuals and businesses, when it had its origin during the great depression. Technocracy Inc. Org in the US was founded by Howard Scott in the 1933. It was a research organization, which promoted a radical restructuring of political, social, and economic life in the United States and Canada. Elon Musk’s grandfather, Joshua Haldeman, was the leader of Technocracy Inc. in Canada. They were known for their steel grey suits and cars advocating an allocation of energy credits to replace currency.
Today it offers a futuristic look at how they intend to solve the housing crisis from: “flat-pack modular neighborhoods” to “3-D printed houses.” In reviewing their website, a person gets a glimpse into the ultimate solution: 15-minute futuristic cities.
The prediction in 1969, “privately owned housing would become a thing of the past;” today, is best described by Ida Auken, a young global leader from the World Economic Forum, in her essay from 2016: “Welcome to 2030. I own nothing, have no privacy, and life has never been better.”
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