From currency war to military war

by Professor Dr Eberhard Hamer

The global financial system is dominated by a syndicate: The Financial Stability Board (FSB), under supervision of the Federal Reserve Bank (FED), brings together the major Atlantic banks1, which are in turn controlled by seven families.2 “There is a close linkage to the oil giants Exxon Mobil, Royal Dutch Shell, BP and Chevron, and the same seven families are also top shareholders in almost all the largest 500 companies.”3
“The methodology for global financial dominance is actually quite simple: America imports many more goods than it exports, and so the (freshly printed) dollars flow out of the US to end up in the central banks of other countries. As the US refuses to pay its debt in gold, central banks are forced to invest dollars in bonds and other financial instruments. The result is a US-dominated global debt system that causes a boom of the US economy at the expense of all the others.”4
The unrestrained proliferation of the dollar and the resulting ever-increasing debt bubble (32 trillion dollars) are making the dollar an ever-increasing financial risk. The bubble would burst if the world no longer accepted the dollar. Only dollar dominance enables the global financial syndicate to spend money so extravagantly. This dollar hegemony is maintained by the global US military presence. In this way, almost all countries in the world are in debt bondage to the US Financial Syndicate; they mostly also accomodate occupying troops or US bases, that secure the debt bondage (Ramstein in Germany, Camp Bondsteel in Kosovo, and others).
Time and again, however, individual countries have tried to break out of the dollar empire debt bondage and to use their resources for their own national welfare instead of the global financial syndicate. Economic and financial wars in various forms have constantly been waged against such efforts:
The financial syndicate has its own rating agencies which monopolise the evaluation of the creditworthiness of states. A country that is downgraded must pay higher interest rates.

  • Financial blockades, for example against Venezuela or Iran, prevent all financial transactions with a country and practically exclude it from the world monetary system, in order to render it insolvent.
  • Economic sanctions block a country’s import or export.
  • Price agreements (such as artificially cut imports) reduce the solvency of unruly states until they give up.
  • Legal actions against competitors of Anglo-Saxon banks or corporations are intended to reduce their competitiveness – see US actions against VW (23 billion dollars) or Deutsche Bank (12 billion dollars).
  • At the same time, a globally operating US espionage system ensures that all digital systems worldwide are controlled, evaluated, skimmed off for the benefit of the USA and subjected to US digital rule.
  • The ideology of globalisation is acting in favour of the “four freedoms” (freedom of capital, products, services, and labour mobility), so as to break up national structures, social systems, and democracies, in favour of the dollar empire.

The global dominance of the dollar has to be secured militarily. “Wherever it sees its interests threatened, the banking cartel sends the US military, which devours more than half of the world’s entire military budget.”5 Wherever the US dollar hegemony is questioned, first the above-mentioned means of financial or economic war are used to attempt to restore subservience. If countries or governments remain stubborn, however, if they no longer want to sell their raw materials for dollars or even no longer accept the dollar itself, the financial syndicate demands the deployment of the US military:

  • In November 2000, Saddam Hussein did not want to accept dollars for Iraqi oil any longer; he also accepted the euro, thereby devaluating the dollar.
  • In 2003 Iraq was invaded because of its rejection of the dollar dictatorship, and so the threat to the dollar was eliminated.

    Similarly, Libyan leader al-Gaddafi tried to stop his oil trade from being settled in dollars. Uprisings and a military intervention were organised against him. After the assassination of Gaddafi and the destruction of his system of government, Libya was reintegrated into the dollar empire.

  • Russia was no longer prepared to accept the preference of the US dollar over other currencies and set up its own payment system (PRO100) outside the international banking cartel. Putin also knocked Russian oil and gas reserves out of the hands of the US oil cartel. Since then, Putin and Russia have been the main enemies of the dollar empire; Russia is being surrounded by military forces and fought with all means of financial and commercial warfare.
  • For more than five years Iran has been the target of the US syndicate’s monetary, trade and legal attacks, because this country also wanted to sell its oil not solely for dollars, but also for payment in all other currencies. Brutal sanctions against all potential buyers and trading partners have excluded the country from the world financial system and the world economy. As it still does not bend, the threat of military action is becoming more and more brutal.
  • China is also disengaging from the dollar by building up a competing currency system (Asian Development Bank); it no longer wants to tolerate the dominance of the dollar, and is thus increasingly becoming an enemy state for the Atlantic Financial Syndicate.

Hillary Clinton had promised in her election campaign “to want to start war against Russia in Ukraine and Syria by March”, but then corrected herself that this could not be accomplished before May 2018. It is fortunate that she was not elected.
But America is still under double pressure with its back against the wall:

  • The effect of unrestrained dollar pressure has led to a historically unique US debt pillar of 32 trillion dollars, which can collapse at any time if other important countries no longer accept the dollar, if gambled-away banks belonging to the financial system collapse or over-indebted countries become insolvent. The dollar empire has so far tried to cap these dangers with zero interest loans, and this course of action is becoming more and more difficult to sustain. It is certain that a leading currency (dollar) which is increased without restraint will ultimately be devaluated. Confidence is waning. The financial syndicate is therefore already engineering a ban on cash and the replacement of currency by digital money.
  • The dollar empire can only be sustained by a constant boom. This presupposes high capacity utilisation of the economy. The US economy, however, is 70 % arms-relevant, so that it will only boom as long as armament production is booming. And this only booms if it can sell armaments, i.e. if there are enough wars in the world. US military equipment production is over 600 billion euros, ten times as high as Russia’s; and amounts to more than half of all global military equipment production. The US President orders all satellite states to arm (by purchasing US armaments), but also sells armaments unrestrainedly to countries ruled by dictators (Saudi Arabia).
  • After NATO and Ukraine rearmament and after the end of the Syrian war, the US defence industry therefore needs a new sales boost for the economic boom in the USA, ie a new war.

It is true that American policy always claims that Russia, China, Iran or other countries are bellicose, and that from them, danger is threatening. Yet arms expenditures and worldwide acts of aggression (sanctions, punishments and others) committed by the USA, show it is in particular the USA which is bellicose and ready for war. And they repeatedly push forward NATO Secretary General Stoltenberg and politicians from the satellite countries (Maas, von der Leyen) to agitate against Russia and threaten it with war.
As before the First World War, we are therefore in a situation in which a small event could trigger another global conflagration. Dictatorships and empires have always used war as a last resort when they were at their wits’ end. If the US economy crashed due to a lack of demand for weapons, or if the debt bubble of the dollar empire should burst, the world financial syndicate hegemony and the world power US would be on the point of collapse, a point where politicians no longer know what to do next and where they would possibly resort to the ultimate.
Already we hear voices from the USA that war against Iran would have to begin in summer, since preparations had been completed.
It is therefore not understandable that the world does not take note of such war risks, that there are no peace marches, as in the past on much smaller occasions, demanding peace in all countries and that the media controlled by the financial syndicate (e.g. Springer press) are, without any opposition, allowed to agitate against Russia and Iran instead of demanding peace.
We need a “revolt of all peace lovers” to bring the demand for peace and an awareness of the danger of war to all peoples. If we remain inactive and do not defend ourselves in time, an irresponsible USA and NATO policy could, against our will, lead us back into a war impasse.
Not only is it high time to warn against these developments, but we must also do it more loudly!    •

1    JP Morgen Chase, City Group, Wells Fargo, Deutsche Bank, BNP, Barclays
2    Goldman Sachs, Rockefeller, Lehman, Rothschild, Warburg, Lazard and Soaps
3    Orzechowski, Peter. Durch globales Chaos in die Neue Weltordnung (Through Global Chaos to the New World Order), Rottenburg 2016
4    ibid., p. 61
5    ibid., p. 62

(Translation Current Concerns)