02/14/2018 (Wed) 17:33:45
Fast forward to 1974 and the petrodollar system was fully operational in Saudi Arabia. The US govt then exploited this system and began building an Empire and aggressively spending more and more money they did not actually have, thus creating more and more debt via Congressional budgets and the Federal Reserve system.
Fast forward to the 1980s, when we began outsourcing all our industry to countries like China. Industries knew that as the US govt continued insolvent spending polices, that taxes would continue to rise, and that they would end up making more profit by simply outsourcing to countries with cheaper labor and cheaper taxes.
The US govt did not care about the consequences of their insolvency and addiction to debts. They kept spending more and more.
By the time NAFTA was signed into law in 1994, around half of America's productive industry had been outsourced! What happened to all those good 'ol jobs? They were replaced by a socialist welfare state of-course! An ever-growing welfare state.
This insolvent government created ripple effects. Welfare skyrocketed (because so many Americans no longer had jobs/income), poverty skyrocketed, what were once decent places to live became ghettos! Literal shitholes across American landscape. The middle class began shrinking, NOT increasing!
Fast forward to 2001, after the 9/11 false flag attack. Government spending skyrocketed by billions of dollars per year. Well more than half of American industry had vanished. Taxes were higher than ever before in our history. We began wasting trillions of dollars on "the war on terror" and still lost those wars.
Fast forward to 2008, America is Trillions of dollars in debt. Countries are starting to get sick of all our failed wars and insolvency. We hardly produce anything of real value anymore, we give the masses EBT cards and welfare checks to live rather than real income or jobs! We create more death around the world than basic necessities or goods!
Fast forward to 2014, China and Russia join together and announce the "Holy Grail Deal" and, by doing so, effectively bypass the US Petrodollar! 2014 was the beginning where two major superpowers flipped America the bird and said "we will no longer use the USD for oil trade!"
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