Petrodollar Deal Expires; Why this Could Trigger ‘Collapse of Everything’ – Andy Schectman part1/2 (finally someone see what I saw)

Finally, someone is speaking my language. I am a socialist, so I don’t agree with austerity. He talks all the time about social programs but almost never mentions the military. I think he doesn’t have a full grasp of the situation, but at least he sees what is coming in the same way I do. What he is talking about is what I was thinking about since I saw this article: “Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales” (March 15, 2022).

The US can’t pay its debt and needs to do something. To give an analogy, when the Petrodollar collapses, US dollars will become like Enron stocks, and it will only be a question of when people figure it out. He mentions some operation called Sandman. I never heard about it, but I thought about the possibility of many countries dropping the dollar simultaneously.

That’s why I thought they had some plan to reset the default on US debt and create a new currency based on blockchain (supposedly blockchain and supposedly more secure). That’s their only option because they can’t pay their debt and they can’t do anything about others inflating their currency.

For years, the US lived beyond its means based on lies and schemes. That’s how they won the Cold War—not because they were more efficient, but because they could spend beyond their means due to the Petrodollar scheme, which allowed them to increase the amount of dollars without worrying about inflation. Now the world is flooded with dollars saturating global markets. When the dollar loses the Petrodollar, it loses its only advantage over other currencies, besides faith in the US state (hahaha), so none.

I have been thinking about this since March 15, 2022, but until now, I haven’t seen anyone recognize what I saw back then.

Finally, I got someone. Like I wrote before, I think he is wrong regarding austerity. It is shown that he is wrong or dishonest by the fact that he mentions social programs all the time but not so much US military spending. But that doesn’t change the fact that he sees the same thing I see coming.

“I would argue the West has already lost its hegemony. We haven’t lost our supremacy, but the hegemony is gone. The moment of realization will be when everyone in a coordinated fashion understands that what has been done slowly and methodically is inevitable, and we need to get out of dollars now. When the collective awareness of the world realizes this trend, it will be a significant shift. We are moving away from a country that is immeasurably indebted and will never pay this off. We will either inflate, default, or find a villain. I think they’ve chosen to find a villain to incentivize.

We’ve talked about Jared Bernstein before, the lead economic adviser, who tells Biden what to do. He wants to lose the reserve status. What better way to do it than to weaponize the dollar, sign an executive order to go green, and allow the coalition of countries to find safety in numbers, letting the country fall apart back home? When people realize this is real and run, that’s when it becomes significant. I don’t know when that will be—next week, three years from now—but the inevitability of it is that we are watching a shift of natural resources and power move from the West to the East. At some point, this will become evident to the masses, and that will be the tipping point.

Andy, showing us his artwork and office, reminds us that Jared Bernstein, the chairman of President Biden’s Council of Economic Advisors, penned an op-ed in the New York Times in 2014 titled “Dethrone King Dollar.” In it, Bernstein wrote that what was once a privilege is now a burden and that to get the American economy back on track, the government needs to drop its commitment to maintaining the dollar’s reserve currency status. In 2018, Bernstein wrote another op-ed in the Washington Post stating that if one consequence of the Trump era is that the dollar loses some degree of its reserve status, he would consider that a good thing. So, people within the Biden administration saying this leads to the argument that this is perhaps by design, not an accident.

It’s too stupid to be stupid. I mean, you can’t make it up. That’s why I want people to spend a few minutes researching the Cloward-Piven theory. Jared Bernstein and President Obama both went to Columbia University, where Cloward and Piven taught. They presented a plan to overwhelm the system with government spending and entitlement programs. The primary objective is to create chaos, destroy America’s capitalistic economy, and replace it with a socialist system that includes guaranteed incomes.

Cloward and Piven specifically mentioned targeting America’s largest cities with a colossal welfare push. The strategy is to create a new loyal voting block by delivering cash benefits, expecting loyalty in return. Develop an army of loyal serfs who will work to destroy America, knowingly or unknowingly. All these illegal immigrant children added to the welfare rolls will vote for larger government. Cloward and Piven agreed that the mainstream media would play a critical role in this organized attack.

Think about all this and ask yourself if it’s possible this is what they are actually trying to do. Obama, Bill Barr, Eric Holder, Madeline Albright, and Jared Bernstein all went to Columbia in the ’60s when Cloward and Piven were teaching. Now, is it a conspiracy or reality? They are overwhelming the inner cities and the entitlement system. The left-leaning media doesn’t just do a bad job—they do no job of informing us except creating divisiveness.

Is it too stupid to be stupid, or is it planned? Could this incentivize the world, via Operation Sandman, to dump dollars and treasuries, creating massive inflation, interest rate spikes, and a reset? But have no fear because L. Brainard is here. She worked at the Treasury, under Powell at the Fed, and she is a modern monetary theorist. She developed the CBDC with MIT and ran point for FedNow. This is what she wants: a central bank-issued digital currency, print, print, print, and start over.

Unfunded liabilities like Medicare, Medicaid, Social Security, and military pensions are owed to us. Treasuries, which have been sold, are bought by us. It’s easier to default on us. We’ll be told to sign on the dotted line and take the CBDC to be made whole. This is about nationalism and patriotism because they did this to us.”

That part scared me—the reset he is talking about is what I was thinking in 2022: a pseudo-crypto like CBDC. This reset and default on dollars and debt bring us close to world war. What the US and the West have left is the military. For anyone who thinks NATO, the US, or the EU are weak, they don’t understand military doctrine. The West understood after WW2 that air superiority is key, and we invested heavily in the air force. Russia surpasses the West in artillery production, but it’s because we produce more bombs. The issue is they can’t be used in Ukraine because it’s the first war the US doesn’t have air superiority—not because we can’t achieve it, but because it’s a proxy war. If the West and NATO, even if we include only EU forces with logistic support from the US, they would obliterate Russian forces in days. That’s why Putin reminds us about nuclear force. He wouldn’t nuke the West, just drop a tactical nuke on western Ukraine, hoping to stop the attack and start talks. From that moment, he would escalate slowly as long as he can before they lose or end the world.