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August 1, 2016 | America’s Monetary ‘Con’ Revealed!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian:


Let’s go back to 1975 (after the closing of the gold window) and review what America created for herself. Our $ was the ‘reserve’ currency on our planet (via the prior Bretton Woods conference of 1944) and almost all nations were required to hold $’s when settling a transaction between their nation and their counterparty. Nations were also in need of $’s to purchase goods and services from America (which controlled trade globally). America won WWII and these advantages were given to America by all developed nations. Also, the value of most resources (oil, coal, gas, copper, lumber, etc.) were priced in $’s. In fact, countries like Saudi Arabia and the OPEC nations, were required to ‘price’ their products (mostly oil) in $’s. What an advantage this gave America and her consumers.

The advantages which America assumed since 1975 should be embarrassing to students of fair trade! Being the BANKER for the planet with a ‘reserve’ currency (unbacked) was enormous!

American consumers wanted more prosperity and wealth for their families and our leaders could now deliver on this desire as America was the BANKER for the planet. America could now create $’s via the computer and buy Government paper in the trillions ($) to provide as an ‘asset’ for any counterparty. This ‘paper’ (really computer digits) was needed by most countries for their accounting ‘reserves’ so each country could settle their accounts per America’s accounting standards. America’s institutions created in 1944-46 (IMF and World Bank) would monitor and enforce the accounting standards which America and her proxies devised for all the other nations. All this provided America with the ‘tool’ (money) to purchase goods and services from all over planet earth with merely the stroke of a computer key or equivalent. Our $ could be created ‘out-of-nothing’ (no tie to gold)!

Tricky Dick and his advisors created great advantages for American consumers (call it ‘unfair’ trade)! This allowed American consumers to ‘borrow now and pay later’!

America’s Central Bank (called the Fed) could oversee all the other Central Banks and make sure that our $ was maintained as the ‘reserve’ currency for the planet. Our Fed and our Treasury would monitor, manipulate, and rig the global currency markets so that America’s $ would remain SUPREME (indefinitely). The ‘tool’ of having the ‘reserve’ currency for the planet gave America the options to ‘Con’ all counterparties into a ‘deal’ which favored America and her consumers. Running a ‘trade’ deficit did not matter as America did not need to settle in any foreign currency or in a tangible commodity like gold/silver. America could basically create unlimited $$$ out-of-nothing to continue the ‘Con’ and if anyone rebelled we could ‘bomb’ the hell out of them (or threaten the same).

The consequence of NOT following the monetary shenanigans of America’s politicians was our threat to ‘bomb the hell out of any counterparty’ which challenges our hegemony! Today, we send drones, missiles, and B-52’s!

America’s trade deficit started in 1975 and this deficit has been continual since 1975. America has accumulated some 12-15 trillion ($) of undeserved goods and services for her spoiled consumers (as a result of her BANKER advantages). Buy now and pay later started around 1975 and this mentality has continued since 1975. Create debt and deficits as it does not matter for Americans as they are the BANKER for the planet and control all commerce via their control systems (IMF, etc.) plus their military might and hubris. American GDP in 1975 was $1.7 trillion and today it is $18.4 trillion (an eleven fold increase in consumption by American citizens). Have American consumers been spoiled or not? What do you think! Have we deserved all these advantages?

Map of United States

United States of America (5% of the global population but consuming 25% of our planet’s production for most of the past 41 years).
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the extreme Northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major cities include New York, a global finance and culture center, and Washington, DC, the capital, both on the Atlantic Coast; Los Angeles, famed for filmmaking, on the Pacific Coast; and the Midwestern metropolis Chicago.
Related statistics
Gross domestic product
1.689 trillion USD ‎(1975)
 18. 345 trillion (2016)
216 million ‎(1975)
 320 million (2016)
Unemployment rate
4.9% ‎(Jun 2016)
 9.7% (including drop outs)
All the ‘red’ started in 1975 and has continued annually since! Is this ‘fair’ trade? Is America ‘guilty’? Can this continue going forward?
 I will conclude with this message: America has given us (as consumers) all our wealth and prosperity because of trade and currency advantages (mostly since 1975). America has only 5% of the world’s population and yet we have consumed some 25% of the world’s resources (on average). Why? The above are only a part of the advantages which America has acquired since the end of WWII. Our leaders have chosen to rule the entire planet with their Might makes Right philosophy. America now has some 800 military bases and a huge arsenal of destructive weapons to drop on those who challenge our hegemony. Is all this going to END well? I don’t think so! We now have some 7 billion citizens on this planet who demand equality with American consumers. Why not? Who are we to prevent this equality from emerging? Today’s internet age reveals our undeserved wealth to the entire planet!
Look at this map which reveals America’s military assets and launch facilities! Is this leading to peace and security for our planet? Who hates this hegemony and unfairness?
The advantages which America has ‘imposed’ upon the world are now being resented as unwarranted. Russia and China desire to challenge these advantages and create their own trade/currency system. These countries are gaining favor with many emerging nations who also view America as an ‘unfair’ competitor. All this is coming to a head in 2016 and 2017. If America does not back off and renegotiate, then WAR is inevitable. We could witness WWIII within the next year based on current trends. Trump recognizes some of these unfair advantages (even if his understanding of the consequences of change are not valid). Hillary seems mostly unaware of our situation or the mood within the greater global marketplace. Get ready for some ‘fireworks’ as our house of cards economy starts to collapse later this year! Consequences have been building since 1975!
The problem is much more than ‘taxes’ and ‘trade’ deals. Our currency unit (the $) is an ‘unfair’ unit for international trade. Our control over the institutions of commerce must change. Our Central Banking system is corrupt. Our trade deficits are unfair to our counterparties. Our digital money is a corrupt system as it has no ‘value’ to our counterparties (like China, Russia, Brazil, etc.)! All the markets are rigged and manipulated! Consequences must be accepted by America to avoid war!
All this must happen soon as WWIII is inevitable if America fails to back off and change its mentality and its philosophy! The concept of Might makes Right has worked since 1975 but it will not work going forward! America is the problem and change must start with a change in thinking. The global situation is now more transparent (due to the global internet) and this allows those who were previously unaware to gain understanding on all these issues. America must now accept some consequences for prior misbehavior. It all started with the closing of the gold window in 1971 and the policies which developed after this event. UNFAIR trade is one of the core issues today! Think on these matters and check out your own sources of information. Pass this missive on to your friends for further conversation. I am:

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August 1st, 2016

Posted In: Kingdom Economics

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