The Berkeley Daily Planet Front Page
Arts & Entertainment
Letters to the Editor
Monday October 18, 2010
[ Letters about the election are in the Election Section.]
The moneymakers decided in 1973 to hike the price of oil by 400% and ensure that the sale of oil would be restricted to dollars only and that the monstrous amounts of petrodollars, generated thus by the Arabs, would be reinvested in specific banks in New York and London.
Subsequently, as economic history will reveal clearly, the moneymakers started lending monstrous amounts of money to nations worldwide, to help them pay for their enormous oil bills. This secret deal with the Saudis and subsequently with OPEC on the sale of oil has been the foundation of the dollar economy from that time on. This monstrous plan created petrodollars worldwide and exploded all over the place.
The global extension or global ballooning of the dollar, the petrodollar, backed by oil. It can always be exchanged for the real thing, oil; and because everyone needs oil, everyone was forced to use petrodollars, now petrodollars were forced on them. This would suck them deeper into debt and the sinking sands of their monetary system through this secret oil-for-dollar currency deal.
This secret weapon involves the dollar, to subdue and control the world economy, and has been effectively in use ever since 1973. So in conclusion, why didn’t the dollar crash? Because the petrodollar was created in secret in 1973 and executed and enforced in 1974, blamed on the Arabs, but actually the moneymakers staged the whole thing!
Ted Rudow III,MA