An Act of Terrorism During the Olympics Could Accelerate the Dollar’s Collapse

The international financial elite just entered into a serious internal conflict.

Today marked the opening ceremonies of the Olympic Games in London. Well, I think they did, since I don’t watch TV, and sports and economic news tend to be separated on the Internet, but that’s no matter.

What does matter is that anyone who knew anything last month was talking about the possibility of a horrible act of terrorism that could claim tens of thousands of lives at the London Games. These fears led to the presence of special services at the Olympics, but this is all especially funny given the current security network in England, where you can’t take a step without it being put down in some sort of information dossier.

Technically, terrorism isn’t my issue, but after finding out about a certain piece of intelligence from Sept. 10, 2001 and its economic ramifications (Editor’s Note: On the eve of the events of Sept. 11, Mikhail Khazin posted on the internet form of “Expert” magazine and gave advance warning that America would soon suit up against major terrorist attacks and subsequently overthrow Osama bin Laden)*, I always have to come back to the topic of terrorism. Indeed, events in the economic sphere over the past weeks have shown a strong connection to the explosion of information about possible terrorist attacks. Among these economic events, the U.S. Congress’s attack on HSBC and the threat of a downgrade to Germany’s credit rating come to mind.

The first of these major economic events speaks to how the world financial elite has entered into a serious internal conflict over post-crisis sources of income. The two major sources of income — the first coming from the continued re-issuing of the dollar and the second from the brokering between different note-issuing banks across the world — are in fundamental competition with one another. In order to create a network of note-issuing banks, the Fed’s monopoly over the currency issue must be destroyed. Although the Fed’s power is clearly disintegrating before our very eyes, the last straw is still a ways away.

Oddly enough, Germany’s credit downgrade is cut from the same cloth. Part of the world’s financial elite and all of the American bureaucracy is focused only on the success of the Fed; this sizeable faction actively tries to make Germany pay for all of the European Union. The meaning behind their actions is clear: Since all of Germany’s money would still not be enough, such a policy would lead to the EU to becoming weak, disjointed and strongly dependent on the United States and, more importantly, the Fed. However, if Germany would only care about its own interests and throw its history in the EU to the wind, they would be able to create their own competitive exchange center and, ultimately, an alternative to the dollar.

It is extremely obvious for whom the ratings agencies are working. The majority of agencies, we are told, are part of the Rothschild Empire, which appears to rely on currency exchange and has thus declared war on the Fed and its “party.” In any case, suppose Germany’s credit rating is lowered and the country suddenly has to help another EU country. What would be the outcome? No one knows; this means that confrontation is inevitable.

Now let’s actually turn our attention to the Olympics. The sooner the collapse of the dollar, the sooner the development of a foreign currency zone, since this holy position always has to be occupied. There is only one question in this matter: Who bears an interest in accelerating these events? I think that the biggest group is the “moneychangers” who currently anticipate some rash action from the Fed that would weaken its position to the point that the dollar zone would collapse once and for all. I don’t know what these rash actions would be, but such a collapse is theoretically possible, especially given the fact that the Fed and its decisions are backed by all of America’s political power.

If the situation is to play out that way, then the “moneychangers” must hasten the collapse of the dollar zone in order to make the situation irreversible. As it turns out, major terrorist attacks fit the bill for this kind of action. It is no longer 2001; the world will not consolidate around the United States after the country has so decisively displayed its systemic weaknesses and excessive aggression. If the U.S. and its economic ally Great Britain do not do something to respond to such an attack, their authority will disintegrate. However, their answer must be appropriate and rational, as stories about al-Qaida no longer sell and America’s capabilities in fighting terrorism are now widely doubted.

I’ll say it again: I do not have an answer to the question of whether someone should accelerate the collapse of the dollar. But if someone wanted to do it, then a terrorist attack would be one of the best tools. Please note that if there are no terrorist attacks, an engineered collapse is still possible, since the financial system can still be destabilized by other means.

In general, it should be noted that the modern political elite tend to consider terrorist dangers separately from economic problems, though they will admit through their teeth that low qualities of life are positively correlated with a greater numbers of terrorists. However, terrorism today is almost a direct manifestation of economic problems. One simply cannot forget about this connection; since the conflict between various factions of the world financial elite will only grow, there is no reason not to think that they may resort to using such an effective weapon as international terrorism as instruments against one another.

Our main objective in this situation is not to allow this kind of financial hooliganism to go on in our country. The problem lies in the fact that while we’re located on the periphery of the process, Russia is large enough that its territory can easily be used, especially given our country’s corruption and vulnerability. Another important factor that I wrote much about this past year is the schism among our elite, which, as it happens, fits quite clearly into the larger schism among the world’s financial elite. The two main “wings” or factions choose their own patrons, and that means that the internal conflict in our country will become significantly more burdened by external and international circumstances.

*The editor’s note is from the original Russian article and was not added by Watching America.