In March, 2006 Iran is set to launch a euro-based oil bourse which will compete directly with the NYMEX-IPE stock exchanges. It is also an immediate threat to the petro-dollar’s supremacy, and also America’s standing as the last true superpower.

Coincidentally, on March 23, 2006 the Federal Reserve’s Board of Governors announced that they will stop publishing their M3 money reports. And while Iran has already filed for the licenses to begin trading on this stock exchange, the Fed has stated that they’ll no longer make public how many U.S. dollars are in circulation overseas.

Why is the Fed’s decision concerning the M3 money reports so significant? Because ever since its inception in 1913 (the year America began its ruinous decline), the Federal Reserve has allowed the world to see how many of its dollars were circulating abroad. This M3 money report thus became the measurement supply index for financiers both domestically and in foreign markets.

Now, all of a sudden, the Fed is going to squash this report the exact same month Iran will potentially introduce its bourse. This move (announced on November 10, 2005) also came on the heels of Ben “Shalom” Bernanke’s appointment as Alan Greenspan’s replacement.

The biggest question experts far and wide are asking is: why would the Fed want to hide this data all of a sudden? To provide an answer, we must first realize that the Fed isn’t Federal, there are no reserves, and that this privately-owned for-profit corporation is nothing more than an international banking cartel. Furthermore, families such as the Rothschilds, Rockefellers, Morgans, Kuhns, Lehmans, and Loebs collect interest on every single dollar that is printed. Why? Because they’re also the ones who have it printed at will, then loan it out to governments and other institutions. Quite a cozy little arrangement, don’t you think?

But before moving on, we should at least provide the Fed’s reasoning for aborting their M3 money report. According to them, “The cost of gathering the data was not justified” (Criminal Politics, December 2005). Hmmm, considering how much money our bloated pork-infested government squanders every year, this excuse seems disingenuous at best; and outright deceptive at worst.

Why, though, should we even care about the M3? Why is it important? Well, this report lets the world know about the increase rates of our money supply. And since so many foreign countries buy our debt and stockpile our money to purchase oil, this data is vital to them. Thus, if it is eliminated, international leaders and businessmen alike won’t be able to measure the value of our money since they won’t know how much is in circulation. Needless to say, this move looks very suspicious.

In essence, it’s not hard to tell that the Fed is trying to hide the sticky predicament they’re in, and how profoundly our currency has been weakened. Why? Because as is; the dollar doesn’t have any intrinsic value. It’s simply a piece of paper with no gold backing. Hell, our own government can’t even vouch for it because they’re so far in debt that other nations need to keep us afloat by buying our dollar. Yet, despite this amazingly illusory system, every country in the world needs our money to buy oil, whether it’s China, Finland, or Italy. So, every barrel of oil is equivalent to a corresponding number of dollars.

Oil = dollars, and dollars = oil! And the vast profits made from this oil, and from the currency used to buy it, add to the United States wealth. Consequently, when you look at this picture in terms of globalization, the central banks – via organizations such as the WTO, IMF, and World Bank – have promoted the spread of huge companies all over the planet. To facilitate this expansion, the multi-nationals used little pieces of green paper printed by our Treasury Department. And the only sort of “blowback” from this scam is that the U.S. tacks-on more debt to our already astronomical federal deficit.

So, billions of barrels of oil are traded every day and still, in the year 2006, every sale is in the form of U.S. dollars (little green pieces of paper). Or, more accurately, blips on a computer screen that people somehow believe has value.

Look at it this way. Iran has a tangible asset in the ground – oil – which they sell for pieces of paper or blips. And the only way these blips/dollars have any value is if you can buy something for them in return. But guess what. In March, 2006 no one will know the value of our money because the Fed will no longer print its M3 reports to account for how many of our dollars are in circulation overseas.

As I stated earlier, though, when the Iranian oil bourse is brought online, countries will no longer need as many of our dollars, so they’ll come flooding back into America. In response, the M3 would then fall dramatically, causing a panic among foreign investors and governments. This shift, finally, would cause the value of our dollar to plummet; a consequence which wouldn’t bode well for the citizens of this nation.

If that’s not enough to send your mind reeling, U.S. Treasury Secretary John Snow sent a letter to 21 members of Congress that was filled with ominous forecasts. When this letter was made public after Wall Street closed for the 2005 Christmas/New Years holidays, the dollar immediately dropped in early 2006.

The gist of this letter basically revolved around Snow’s belief that our foreign debt, which is presently $8.1 trillion, will hit its ceiling in late February or early March. To cover our debt, we’ve been borrowing money like crazy. This scenario is especially troubling in that our entire GDP (Gross Domestic Product) is only $11 trillion. Compare that to our debt of $8.1 trillion. It’s horrifying.

Snow said, “We will run out of funds for financing the government’s operations by mid-March at the latest even if the U.S. Department of the Treasury takes all possible legal measures to keep the foreign debt ceiling from going up.” Snow continued, “Under this scenario, the government will have to take ‘emergency measures’ to pay the bills. The measures mostly boil down to cutting spending in all areas from the social sector to national security.”

What this prediction generally means is that we may have to default on our bills, and if that happens, the “faith” people have in our dollar will plunge even further. If that happens, get ready for all hell to break loose.

Thursday: – part nine – China and the Soviet Union