The Death of the Dollar

Source: Operation Disclosure | By David Lifschultz, Contributing Writer

Submitted on November 30, 2022

THE DEATH OF THE DOLLAR

Compliments of the Lifschultz Organization founded in 1899

An ounce of gold in dollars was worth in 1833 $18.93, in 1900 $18.96, in 1920 $20.68, in 1934 $34.69, in 1971 $40.62, in 1974 $154.00, in 2005 $44.74, in 2005 $444.74, in 2016 $1250.74, today it is $1769.50. See footnote two for a chart. The depreciation of the dollar against gold is a demonstration that the is dying. It will eventually be worth nothing.

How does this happen? The western system is founded on interest or usury. If there are 244,000 tons of gold in the world and the interest rate were 5% a year on the loan of all of it, then at the end of the year you would have a default as there would not be the 5% gold in the world for the interest. This is the fallacy that Aristotle treats saying the usury system was against nature as gold could not procreate the interest and of course the Bible forbids it for the same reason.

Now let’s turn to the dollar system or the SWIFT-CHIPS payment system. This is denominated in fiat money called the dollar. There is nothing behind it and this is why the cryptos thought that they could do the same if anyone would accept their crypto currency even though it was as worthless as the dollar neither of which has any intrinsic value. The collapse of the cryptos portends the collapse of the dollar.

The first symptom of a coming FTX wreckage of the dollar was when the US and others seized the gold and dollar reserves of Russia. This was a fatal error in the sense that if China were sanctioned by the US they could lose their reserves also to such confiscation. A precedent has been set. The banking system is based on trust even if the trust is in nothing (fiat money) and this breach of trust is starting the first great schism in the international financial system as major powers are shifting to another system. See footnote one. In a theological sense this is what happened to the Catholic Church when there arose a Protestant Schism.

It was a fatal mistake by the US as the US incurs each year a $821.4 billion dollar current account deficit on its foreign account, and if half the participants leave the dollar system the US will not be able to sustain this purchasing power as they may not accept dollars. The US will not be able to pay for its imports in the fiat dollar that has no intrinsic value. There a good aspects about this in that nations as individuals should live within their means. Now this is not so bad theoretically but the adjustment for the US may be catastrophic as it may not be able to pay for half its imports as half the world will be out of the dollar system.

Now my good friend Sergei Glaziev of Russia is creating the new currency system outside the dollar system using a basket of fiat currencies and perhaps some gold to create an alternative international financial system to compete with the dollar. I have advised him if he wants to end the dollar suzerainty he need merely create a gold ruble system convertible into gold and this unlike the cryptos would wipe out the dollar system. Of course, he could join hands with China, Brazil, India creating a new currency called the Klondike.

In the absence of effectively enforced legal tender laws, Gresham’s law tends to operate in reverse; good money drives bad money out of circulation because people can decline to accept the less valuable money as a means of payment in transactions.

Below is the fatal error.

Elvira Nabiullina said plans were being made to launch lawsuits after governments including the US, UK and EU froze the Russian central bank’s foreign currency reserves held within their jurisdictions.

“This freezing of gold and foreign exchange reserves was unprecedented, so we are going to work on legal claims, and we are getting ready to put them forward,” Nabiullina was quoted as saying by the Kremlin-backed Tass news agency.

David Lifschultz
THE LIFSCHULTZ ORGANIZATION
DAVID@LIFSCHULTZORGANIZATION.COM

______________________________________________________

Contact Author

If you wish to contact the author of this article. Please email us at [voyagesoflight@gmail.com]. Availability of author’s contact information depends on if said article was user submitted or reposted.
______________________________________________________

Guest Posting

If you wish to write and/or publish an article on Operation Disclosure all you need to do is send your entry to [voyagesoflight@gmail.com] applying these following rules.

The subject of your email entry should be: “Entry Post | (Title of your post) | Operation Disclosure”

– Must be in text format
– Proper Grammar
– No foul language
– Your signature/name/username at the top
______________________________________________________

Newsletter

If you wish to receive the daily Operation Disclosure Newsletter, you can subscribe via the PayPal “Subscribe” button located at the bottom.
______________________________________________________

Operation Disclosure is an independent media platform dedicated to exploring global geopolitics and alternative perspectives. Our mission is to provide a central hub for diverse viewpoints on world events, including independent research into exopolitics, aerial phenomena (UAP), and the historical origins of humanity. We believe in providing a platform for information that encourages deeper inquiry into the world around us.

Disclaimer: The content on Operation Disclosure—including articles, videos, and images—is contributed by our readers or curated for informational and educational interest. Views, opinions, and claims expressed in these posts belong solely to the authors and do not necessarily reflect the official policy or position of Operation Disclosure. We do not guarantee the absolute accuracy or completeness of this content; therefore, we encourage all readers to engage with the material with a spirit of personal inquiry and discernment.

Copyright © Operation Disclosure Official