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Motive PDF
Motive PDF
Our national debt is at around 19 trillion and climbing exponentially (U.S. National Debt).
Seriously, graphing our national debt since the early 1900's, it resembles an exponential formula. What
that means is, as time goes on, not only does the debt increase, but the rate in which it increases also
increases over time.
Attached is a simple graph of our debt. An exponential formula looks kind of like a hockey stick
in that at the beginning of the formula, the slope of the increase is small. It is the blade of the hockey
stick. At some point, the slope begins to increase at an alarming rate, which is at the end of the blade
and the beginning of the stick portion.
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
1900
1920
1940
1960
1980
2000
2020
2040
You'll notice from 1980 2000, it became incredibly obvious our debt was growing at an
alarming rate. While I was in middle school, the 1st Gulf War happened between the US and Iraq. Even
our middle school social studies teacher knew what was happening at the time. She told us how our
debt was climbing and that we needed to address it as a country, but we weren't. Amazing how times
haven't changed.
In 1993, the 1st WTC bombing occurred, but was unsuccessful in taking down the towers. Osama
Bin Ladin worked with the CIA in Afghanistan to defeat the Soviets, and there are allegations the
relationship continued after the Soviets were defeated. The failure to bring down the towers may have
been intentional, in order to plant seeds in our collective minds that it was a target and Osama was a
boogeyman, or the failure may have been accidental, and they really wanted to take down the towers.
However, it was unsuccessful as we all know.
A few years later, the Euro was introduced to the world, and in 1999 it was put into the basket of
reserve currencies for other countries to use in international transactions. The privilege of having the
world use your currency brings with it a lot of benefitsnamely the ability to create currency out of
thin air while still having the ability to use it for trade. If any other country were to just print their
currency, the currency would be devalued and trading partners wouldn't have faith in the money.
Not the dollar though. Because it holds this special reserve status due to its stability, we are able
to deficit spend without regard to the debt. Other countries can't just stop using the dollar, because
everyone else uses it.
The dollar also holds special status with oil transactions around the world, hence the name petrodollar. All oil transactions in the middle east are completed using the dollar, at least they were for a
long time. Basically, if a country wants to buy oil from an oil producing country, they exchange their
local currency into US dollars, and then complete the transaction.
Back to the Euro. When it was released to the world as a reserve currency, the value of the euro
was less than the dollar. Which meant our dollar was stronger. One US dollar would buy you
approximately $1.20 in Euros. With me so far?
Saddam Hussein announced to the world in the year 2000 that Iraq would no longer accept US
dollars for his oil, and all transactions will be done with the Euro. Financial experts at the time wrote
feverish articles about how stupid of an idea this was, and Iraq would lose money from this decision.
Of course, 9/11 happened a year later.
By 2002, the value of the Euro was climbing over the dollar, and the difference netted Iraq
billions of dollars just by switching which currency they used. Billions. This precedent would set a
bad example to the rest of the oil-producing middle eastern nations. If everyone collectively stopped
using the dollar for these transactions, it is essentially losing faith in the dollar. Why should countries
work against their own financial interests if they can benefit just by switching currencies?
Well, we can't let that happen. It would absolutely destroy our economy and way of life. We had
to make our own example, and in 2003 we invaded Iraq under the pretext of Weapons of Mass
Destruction (WMD.) He had a WMD all right, but it was financial.
However, there is no way the American people would support a war over something trivial like
currency, so we needed a very visible and terrifying reason for war. The motive for 9/11 is exactly what
I outlined in this document. Imagine a politician getting on TV and saying we need war due to the way
we've been abusing our financial privileges. It would never happen. We knew at some point we would
either have to address our debt, or other countries would stop using our currency. Instead of addressing
the debt, we (our intelligence agencies) hatched a plan to justify a war, which coincidentally targets
countries who go against the status quo.
Saddam was a brutal dictator for a long time, yet we didn't intervene militarily until the time he
threatened our dollar. Such lies we've been given since then.
Gaddafi of Libya has a similar story. In 2011, the UN was drafting a human rights award due to
the improvements Gaddafi had on the citizens of Libya. I don't know everything about him, there is a
lot of propaganda directed towards us regarding his character. I do know that in 2011 Gaddafi began
advocating for African and Middle Eastern countries to switch to a gold dinar, which would be a new
gold-backed currency. This act would not only bypass the US dollar, but it would also exclude the Euro
challenge? Do we like sending young people off to war based on a premise of lies? Are we willing to
accept attack after attack on our country, all designed to forward someone else's agenda?
Works Consulted:
Ford, Peter. "Can BRICS development bank become a rival to the World Bank?" 16 July 2014. Christian
Science Monitor (Academic Search Premier). 2015 May 07.
Islam, Faisal. Iraq nets handsome profit by dumping dollar for euro. 15 February 2003. 05 05 2015.
Kramer, Andrew. "Sidestepping the U.S. Dollar, a Russian Exchange Will Swap Rubles and Renminbi." 15
December 2010. New York Times (Gale). 08 May 2015.
Kuntz, Tom. Libya's Late, Great Rights Record. 05 03 2011. 2015 05 05.
McElroy, Damien. Colonel Gaddafi died after being stabbed with bayonet, says report. 17 October 2012.
2015 05 05.
Newman, Alex. Gadhafi's Gold-money Plan Would Have Devastated Dollar. 11 November 2011. 05 05
2015.
Petro, Nicolai. "How the E.U. Pushed Ukraine East." 4 December 2013. New York Times (Global Issues in
Conext). 07 May 2015
RT. Ditching US dollar: China, Russia launch financial tools in local currencies. 30 December 2014. 08 May
2015.
. Saving the world economy from Gaddafi. 05 May 2011. 2015 05 05 <http://rt.com/news/economyoilgold-libya/>.
. South Korea, China agree to direct trade in national currencies. 04 July 2014. 05 May 2015