The Untold Story of The Dollar Empire That Is Dominating the World

We, humans, like status-quo and enjoy staying in our comfort zones. It is the crisis moments that make us challenge ourselves and the world around us. Therefore, such times of stress and emotional trauma serve as a servant to awaken us from a dream. The pandemic and the economic crisis in 2020 is one of those biggest shocks in history, unveiling the end of a century-long monetary system.

The revolt of the American people against Britain lasted until 1776. British Bankers financed the rebels during this rebellion. In return, they demanded the “Right to Print American Money”. Eventually, they were successful. American founding fathers granted British Bankers the Right to print dollars.

In 1776, the US broke free from Britain. However, it wasn’t until 1865 that the American government realized that a bigger disaster had caught them. Abraham Lincoln, who ended the American Civil War in 1865, took back the right to print dollars from the bankers to the State, using the huge war expenses as an excuse. The new American government was able to print dollars for the first time under President Lincoln`s leadership. But it didn’t last long. Abraham Lincoln was assassinated.

When he died, the “previous order” was reverted. Bankers kept printing dollars despite ongoing controversy with the next Presidents. Finally, a middle ground was found and FED was established in 1913.

The FED was given the right to print the US dollar. However, all of the FED partners were made up of banker families. The American Government did not even have a stake in FED. Bankers segmented America into 12 regions and shared its monetary control. They entered the administration of the FED as a banker, which was called the governor, representing the regions. Each of them functioned as a branch of the Central Bank in a specific region. The American State appointed the FED President though. Nevertheless, this appointment was nothing but a theater. Whoever the bankers wanted was appointed as the FED President. The FED was printing US dollars and acted as the Central Bank.

After two world wars that devastated Europe, in 1944 the bankers had the dollar accepted as the World Currency with the Bretton Woods Agreement. With this agreement, 0.888 grams of gold was assumed for one dollar. As a result, the currencies of 48 participating countries were convertible to US dollars. Thus, a USD-dominated global monetary system emerged. Everyone was satisfied because gold was the backup in exchange for dollars. Thus, the gold standard was still active.

In 1960, President J.F. Kennedy opposed the American Treasury borrowing the dollar from the bankers. He demanded that the bankers’ right to print money be transferred to the government with the law proposal number 1110. But he was assassinated. The public loved the Kennedy family. R. Kennedy was to succeed him, but he was also assassinated.

Kennedy’s successor, Vice President Johnson’s first job was to stop the law 1110. Bankers kept printing dollars. Bankers plunged the US into war in an attempt to loan the government. The Korean War and the Vietnam War increased the expenses of the US Government. Uncle Sam was not able to stop financing the war by borrowing more money from the Bankers. Many Americans were dying in lands thousands of miles away from their homes without knowing why they were getting involved.

In 1965, the famous President of France, General De Gaulle, realized that more Dollars were printed than the gold in hand. He started to demand gold from the US in return for the dollar France had. The debate continued until 1972. President Nixon announced the end of the gold standard and the US dollar turned into a document, representing money. it became a certificate. In order to silence France, an international currency called SDR — Special Driving Right — was invented. This currency consisted of the participation of Dollar, Mark, Yen, Sterling, and French Francs at certain rates. In 2002, Euro replaced Frank and Mark in SDR. In 2016, Chinese Currency was also added to SDRs.

SDRs make up 4% of international reserves today. The dollar continues to be the dominant currency. Since 1972, the paper tower of the US dollar has been printed by bankers as cash. It works as the global reserve money. Americans and citizens of other countries think the US dollar is the money of the American Government. However, bankers, consisting of 13 families and not exceeding a thousand, rule the world with the US dollars they print free of charge.

It is called “the Dollar Empire”.

The wealth of America depends on protecting the global reserve money status of the US dollar. And the bankers utilize the US` wealth, monetary domination military power, and industry leadership, to reign globally. Any cracks in the walls of this invisible castle may jeopardize their global domination.

In 2008, this global unlimited money-printing system collapsed. Some companies went bankrupt during the 2001 crisis, and banks saved them. Central banks saved the banks in the 2008 crisis, but temporarily.

From the day it was founded, the US printed $900 billion until 2008. From 2008 to 2019, the US printed 4x more of this amount reaching almost $4B in total. Switzerland and Japan printed 6x of the US, and many European countries printed 2x to 4x of the US.

The US alone printed $850 billion in 2019 during the September-December period, and the money evaporated before it entered the system because there was a shortage of cash in the world. In fact, as of 2021, the total amount of money printed since the 2008 crisis exceeded $6B. With the recently announced $1.9T stimulus package and another giant package of $3T to renew the US` old infra-structure, that amount will surely increase. Moreover, the Green New Deal suggests the US government could spend $93T in the next 10 years which means printing more money.

As long as the US dollar is the global reserve money, inflation risk low in the US. Nevertheless, such unprecedentedly huge money printing experiments will not do good because other countries will also get those printed US dollars through the SWAP system and use them.

Printing more money will help for now, but in the mid-term, it is a problem. Capitalism is collapsing leaving its place for a new system, called social capitalism, a softer version of wild capitalism based on digitalization.

The world will go through this massive change and it has already started. Let`s see what the future will bring.

With love,

Kenan