Part one. A quagmire of dollar abundance.
“How does the state grow rich,
And how does it live, and why
does it not need gold,
When it has a simple product.”
A. S. Pushkin.
You may not need gold, but give everyone dollars. It would seem that it’s just paper, but they even give gold for it. What gold is there, they give their souls and even other people’s lives. The general unhealthy interest in dollars is explained by the fact that at one time they turned out to be the most common means of payment in international trade, gradually turning into the leading world currency. Then they turned out to be the most reliable and convenient means of savings for other countries and their populations. Simultaneously with the widespread distribution of dollars, in some still completely incomprehensible way, all the necessary conditions arose for the American Treasury to be able to carry out with impunity, not without the knowledge and approval of the government of the United States of America, excess dollar emission. This is the most unscrupulous, if not criminal, way in which the trust in the dollar that once arose and strengthened over time throughout the world is used.
Due to the absence of any control on the part of the rest of the world community over the production of dollars, a significant part of the external government expenditures of the United States on the purchase of energy resources, first of all, and also many other things, only then equals the costs necessary to produce the corresponding number of dollar bills. Such insignificant expenses are, first of all, the so-called petrodollars, which America pumped into the oil-producing Arab countries in excess. It’s so simple, just, you live well, she buys everything and everyone in this world. In the current environment of complete permissiveness, America does not need any investments or external borrowings, since it will always draw for itself, its beloved, as many dollars as it needs. Only in order to hide from the rest of the world community the parasitic nature of its financial activities, it pretends to attract investors whose investments are going bad, and carry out external government borrowing through the distribution in other countries of the so-called US Treasury securities, which are placed on the world financial market for the purpose of sale and subsequent payment to the acquirers of certain annual interest.
The question is, why does the United States need this extremely strange and completely senseless at first glance idea? It is generally accepted that in this way they carry out external government borrowings necessary for the further, more significant, supposedly, development of their economy. To a greater extent, the sale of US Treasury securities resembles the fact that the United States, for a reason that is still clear to them, is retroactively issuing a very cheap long-term, or even perpetual, loan that they do not need at all. After all, with the dollars they earned, they had previously purchased everything they needed in other countries. Such a mysterious manipulation with its banknotes is carried out by the American Treasury in order to somewhat reduce the visible part of the world dollar supply. At the same time, the external public debt of the United States is forcibly formed, since in principle a country that uncontrollably produces the world’s leading currency cannot have any other debts.
In turn, this forced debt is necessary to ensure that no gossip that is unwanted for the United States arises between other countries. At the same time, it allows them, for the time being, to pretend that they do not and cannot have any other debt obligations to other countries. That is, the deliberate, dishonest, to put it mildly, activity of the American Treasury in the field of monetary circulation resulted in the formation of a global dollar pyramid, for which America still has to answer to other countries. In order to find out how the United States of America was able to position itself most comfortably in the world community, it is necessary to return to the time of the appearance of the first paper banknotes as a means of exchange of goods, which were universally met with distrust on the part of participants in commodity-money relations. In Russia, for example, large payments for quite a long time were calculated as follows: so many rubles in gold, so many in silver, and so many in banknotes. However, over time, having no real content of their own, paper banknotes established themselves as a reliable means of payment, completely displacing gold and silver, especially since gold and silver that were in free circulation began to quickly settle in government and bank vaults, and also spread unnoticeably by population pods.
The decisive condition for this was the legally and technically ensured impossibility of uncontrolled production of paper banknotes. The overall good picture is somewhat overshadowed by counterfeiters, who, it must be said, have been around at all times. However, timely response and preventive measures taken in relation to their illegal actions do not allow them to have any noticeable destructive impact on the state of the existing monetary system of each country as a whole. Internal trade in all countries has been and continues to be based on this. With international trade, everything was and is much more complicated, since, as yet, there is no possibility of using uniform and equivalent paper banknotes for all its participants. In order to create the necessary conditions for its continuation, many countries have assigned gold content to their currencies. As a result of this decision and the conclusion of the corresponding agreement, international trade successfully continued, relying on the so-called gold parity, as well as on the authority of the monetary units of individual countries, which at that time turned out to be the highest in the dollar. Gold parity made it possible to carry out equivalent exchanges of goods, while simultaneously preventing the unilateral overproduction of paper banknotes, since if the slightest signs of their excess production were detected in the actions of one country, other countries would immediately dismantle its gold reserves, which almost happened with the gold of the United States of America .
At the same time, the gold parity turned out to be a significant obstacle for some time to the further development of international trade, since it did not allow a timely increase in the circulating money supply in accordance with the requirements of the growing volumes of world trade turnover. A reduction in the gold content of its monetary unit by an individual country was unacceptable. A proportional reduction in the gold content of their monetary units by all countries at the same time was impossible due to the lack of an appropriate agreement. Therefore, further events in international trade developed in the following spontaneous manner. Despite the existing obstacle to the unilateral overproduction of paper currency in the form of gold parity, it can be stated with sufficient confidence that the United States was already then, long before its abolition, gradually engaged in this highly unseemly business.
Charles de Gaulle, the then President of France, promptly understood the predatory nature of the financial activities of the American Treasury and finally shook out 1,200 tons of gold from the United States in exchange for a corresponding number of dollar bills, which turned out to be enough to load an entire ship with them. It can be assumed that the impeachment of Richard Nixon, then President of the United States of America, which was being prepared after this event, was due to the fact that American shopkeepers could not forgive him for the lost gold, and not the Watergate scandal. Having learned a good lesson, the United States announced on August 15, 1971, the unilateral complete abolition of the gold backing of the dollar. Thus, they closed the so-called “golden window” and extinguished the rosy hopes of some other countries in the bud. As a result of the chain reaction that arose, paper banknotes everywhere lost their gold backing and, without receiving any other support in return, turned into simple paper. All international trade was subsequently based only on the previously established authority of the monetary units of individual countries, which, in spite of everything, again turned out to be the highest in the dollar, which was invariably among other generally recognized world currencies. Among them, it remains today as the most generally recognized, having contrived through the efforts of American shopkeepers to become the leading world currency.
Simultaneously with the abolition of the gold parity, the position of the dollar changed significantly. Used in the process of domestic trade in the United States, it remains money in the full sense of the concept, since it is a single monetary unit of equal value for all its participants. In international trade, the position of the dollar turned out to be ambiguous. Other countries consider it money, since in trade relations between them it appears to them to be a single and equivalent monetary unit for all of them. In trade relations between the United States and other countries, the dollar represents something that has never been seen anywhere before. Is it possible in a single country for a single participant in commodity-money relations to have the opportunity to uncontrollably produce banknotes intended for general use? But in a single world community, a single participant in international trade in the person of the United States received the opportunity to uncontrolled production of the world’s leading currency, which allowed American shopkeepers to recoup handsomely for the gold they once lost. There is nothing else to do but to recognize that all dollars owned by other countries represent debt obligations of the United States of America for previously obtained natural resources and results of production activities.
There are known cases of the sale and resale of other people’s debt obligations in the form of bills and corresponding receipts, which significantly lost in value with each successive such action, which cannot be said for US Treasury securities, although so-called toxic dollar assets already exist. In order to turn their huge debt obligations in the form of dollars that have no real content of their own into independent value, they had to try very hard. All that remains is to admit that in some incomprehensible way, American shopkeepers have been fairly successful in this regard.
No, the world community would like to gather in a timely manner to discuss and conclude a new agreement on international trade, more consistent with the conditions that arose after the abolition of the gold parity. The most preferable in this regard seems to be the formation of a common monetary system based on uniform and equivalent paper banknotes for all participants in international trade. However, it was completely useless to the main participant in all previous agreements, which was the United States, which quickly discovered the resulting gold mine, which allowed them to fully satisfy their still-exploited appetite. Other countries have shown complete irresponsibility by ignoring the need to comply with the decisive condition that allows the safe use of paper banknotes that have no real content of their own in the process of international trade. Convinced that it had a completely free hand, the United States continued to overproduce dollars on a larger scale. At the same time, they produce and supply to other countries the additional dollars necessary for the further continuous development of international trade, acquiring there only for the cost of their production full-fledged natural resources and the results of production activities. Moreover, the United States produces and spends far more dollars than is necessary to meet the demands of ever-increasing world trade in a timely manner. Evidence of this is the existence of significant dollar deposits not participating in international trade. One of them is the dollar component of the strategic gold and foreign exchange reserves of other countries, the other is the dollar cash in the hands of their population, invested “under mattresses” or “in banks.”
Such sediments include the total value of US Treasury securities, as well as some other stable and not very sedimentary concentrations of cash and non-cash dollars. If we add the world’s cash and non-cash dollar masses in free circulation to the total mass of dollar deposits, the result will be a real astronomical value. Of this unimaginable amount of dollars, not a single cent is backed by even the rusty iron of America’s Rust Belt. That is, for a very long time, the United States has been purposefully buying a lot of things from other countries and at the same time selling very little to them, skillfully hiding the huge superiority of imports over exports due to the fact that most imports are carried out through external government spending. At the same time, the fable that 60% of America’s GDP goes to domestic consumption is being widely spread. In reality, it has nothing more to offer other countries, so the lion’s share of this same 60% of GDP consists of dollars. Where could the Soviet Union win a peaceful competition with the United States of America, whose party leadership and Soviet government, intending:
“Catch up and overtake America!”
In the most conscientious manner they squeezed out of the Soviet workers everything that was possible. In response to the senseless heroic labor efforts of the Soviet people, the leadership of the American Treasury, grinning in such a disgusting way, only slightly increased the intensity of the production of dollar bills. Now let’s return to the numerous deposits and placers of cash and non-cash dollars that have formed over time.
Trying to mentally survey them all at the same time, you come to the understanding that no one can currently identify all those places in which the American Treasury managed to crap. Today it is obvious to many, if not all, that the United States cannot cope with servicing even its official external public debt. There is no need to even talk about the fulfillment of their debt obligations to other countries in the form of unsecured dollars belonging to each of them. However, with the exception of individual revelations from the outside, all those who are obliged to know about this remain stubbornly silent, since the current world financial system rests on the fear inspired by the supposed horrors of the upcoming Apocalypse in the event of a spontaneous collapse of the global dollar pyramid. The huge global supply of dollars and US Treasury securities have long been turned into the fetid waste of the unscrupulous financial activities of the Federal Reserve System of the United States of America due to the progressive production of excess dollars, a significant part of which now does not even need to be printed, since it is enough to designate them in electronic form. According to some sources, the US Treasury has produced as many dollars in the past 10 years as it produced in the previous 150 years, doubling the total during that time.
The United States will no longer be able to stop. Achieved with the help of practically free natural resources and the results of the industrial activities of other countries, the position of a world superpower forces them to produce more and more dollars in order to constantly maintain their external and internal government spending at a very high level, in no way corresponding to its own economic capabilities. There is no other way for America to continue to maintain its dominant position in the world. Moreover, it is already in a desperate situation, since the reckless distribution of debt obligations in the form of counterfeit dollars is about to exhaust itself. So, the spontaneous collapse of the global dollar pyramid is just around the corner. It is long overdue for other countries to recognize that the cash and non-cash dollars they each own, and not just US Treasury securities, are integral components of the actual external public debt of the United States of America, and to make the most stringent demands on them in this regard. If they do not agree with this definition of the size of their foreign debt, then they will have to admit that all cash and non-cash dollars belonging to other countries are counterfeit, and they themselves turn out to be a counterfeiting state. In any case, regardless of the choices made or not made by the United States, other countries must recognize that their cash and non-cash dollars represent evidence of the permanent loss of a corresponding amount of natural resources and productive activities. Despite the impossibility of establishing the full composition of the crime committed by the American government, the rest of the world community has quite compelling reasons for creating a special international tribunal.
The inevitability of the spontaneous collapse of the global dollar pyramid, the urgent need to immediately stop the robbery of other countries through the distribution of unconfirmed government debt obligations in the form of counterfeit dollars require the rest of the world community to use the most stringent measures against the United States of America. The first and most effective of them is the forced zeroing of the purchasing power of the dollar. To do this, it is necessary and sufficient to stop selling anything for dollars everywhere.
The default of the United States immediately following the implementation of this measure should not particularly worry other countries. America itself is only rejoicing, flooding them with counterfeit dollars for a long time. There is no other alternative to the soon-to-be spontaneous collapse of the global dollar pyramid and the subsequent Apocalypse. There is no doubt at all that America will agree to any price in order to get out dry from the swamp quagmire formed by abundantly flowing dollars, but only if American shopkeepers can shift the payment for this exit to other countries. The actions of the United States, assumed by many experts, aimed at getting out of the disastrous quagmire of dollar abundance, consist in a forced partial, or even complete, zeroing of the global dollar supply. Such unilateral actions by the United States will mean a real scam for other countries and their populations. It is not entirely correct, however, to view the world community as if it consists only of America and other countries. Therefore, only those countries whose monetary units belong to convertible world currencies will be called others. It goes without saying that everything said in relation to the dollar is fair to the appropriate extent in relation to each convertible world currency. All other countries whose monetary units are not worth a penny on the world financial market will be called third.
It seems obvious that the total population of the United States and other countries constitutes precisely the “golden billion” of humanity. It prospers and prospers only at the expense of poor third countries, which give up their natural resources and the results of their industrial activities for unconfirmed debt obligations of the United States and other countries in the form of counterfeit, although convertible, banknotes. It turns out that economic relations between countries as a whole fully correspond to human ones — the rich get richer and the poor get poorer. Against the background of this purposefully and maliciously created economic inequality, the falsity of the eloquent arguments of Western humanists about democracy and universal human values is very clearly visible. And the real mockery of the peoples of third countries that are constantly being robbed is the smug demonstration of the achievements of the American parasitic way of life.
In order to recognize the need for the forced collapse of the global dollar pyramid and the reset of convertible world currencies, it is necessary to agree that every third country and not only cash and non-cash dollars, US Treasury securities, as well as convertible world currencies, represent evidence of irretrievable loss the corresponding amount of natural resources and the results of production activities. In any case, the spontaneous collapse of the global dollar pyramid and the zeroing of convertible world currencies will cost the world community much more than a forced collapse. To prevent the coming Apocalypse in the event of a spontaneous collapse of the global dollar pyramid and the zeroing of convertible world currencies, hurry up to agree with the obvious, gentlemen, and what’s more, hurry up to come to an agreement! Thus, in order to transition to a better organization of the world community as a whole, it is necessary to completely zero out all world convertible currencies with the subsequent use in international trade of uniform and equivalent banknotes for all its participants.
Valentin Mach.