At least three such services have started a devious campaign against China for allegedly starting the Financial World War III. Financial World War III has started, but it is not China but the moribund Zionist Anglo-American Empire who unleashed the war. I append below the transcript of a video put out by Brad Hoppman. He is the publisher of a financial newsletter, and like two other newsletters, is working up a frenzy against China by blaming China for the financial woes that has afflicted the mighty USA.
The entire transcript is an exercise in perverse logic for Mr. Hoppman has throughout the video presentation confessed and admitted expressly that it is the USA that has caused the global financial crisis and why Americans are suffering so much.
Yet, in his perverse logic, when China and other countries adopted counter-measures to protect their economies after the US has openly declared that she will flood the global financial system with fiat money (US toilet paper money) via QE 1, 2, 3 and 4 and will continue to do so till at least 2015, Mr. Hoppman asserts that in so doing, China and other countries have declared war on America. To expose this diabolical global propaganda campaign against China and later other emerging economies, I will insert my comments in brackets after each sentence or paragraph(s) of the transcript.
This is an insidious propaganda plot against China. Americans themselves must not be misled into adopting such a perverse stand against China but instead, must mount a massive counter-propaganda against any attempt by the Zionist Anglo-American financial elites to launch a war against China following Obama’s Asia Pivot.
America and Americans must own up that it was their own country that almost destroyed the world’s economy and it was the fraudulent actions of US banks and financial institutions that was the cause of the total collapse of Wall Street in 2007/2008 that resulted in the trillion US dollars bailouts of the Too Big To Fail Banks and notwithstanding their criminal actions, have not been prosecuted because these global banks have become Too Big To Jail Banks, as aptly described by Senator Elizabeth Warren:
WARREN: I just want to note on this: there are district attorneys and US Attorneys who are out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it. I’m really concerned that “too big to fail” has become “too big for trial.”
See YouTube: Senator Elizabeth Warren’s First Banking Committee Hearing Here goes my comments in bold on Hoppman’s transcript entitled: World War III: China’s New Axis of Evil By Mr. Brad Hoppman
On September 6, 2012, Russia and China quietly signed a Declaration of War on the American way of life.
[However, Mr. Hoppman fails to cite the precise declaration of war by China and Russia. In the transcript below, Mr. Hoppman has admitted that it was US that was the cause of the Global Financial Tsunami and countries are taking counter-measures against the FED money printing.]
It will banish the dollar into the dustbin of failed currencies ... crush the retirement accounts of millions of Americans ... and change the financial destiny of every US citizen.
[Since the collapse of Lehman Bros. and Bear Stearns etc. there was never any allegation that China and or any other country was the cause of the financial fiasco that hit Wall Street and Main Street. The Sub-prime crisis was the immediate trigger that caused the collapse of the housing bubble. The US economy collapsed as a result, and the FED and the Treasury under Bernanke and Hank Paulson respectively used the situation to frighten the American taxpayers to support the massive bailouts, starting with TARP and the subsequent QEs and to cover up the massive frauds committed by the banks and the rigging of LIBOR etc.]
[The global economy went into a tailspin, save the emerging economies of Asia. If truth be told, the financial elites in US and Europe were looking to China to spur global growth so as to enable the US and Europe to get out of the “Great Recession”.]
[Question to Mr. Hoppman: How did China went from being a good guy to the “New Axis of Evil”? China is the largest creditor to the US and has the right to be paid for the credit extended to spendthrift Americans and the US government. However, US intends to pay the colossal debt with worthless fiat money – by printing toilet paper currency. The US dollar is already a failed currency – it’s a toilet paper currency. But, when countries owe US, the debt must be settled promptly or risk invasion and or regime change. Such is the double standard of the US.]
Here are 5 steps you must take IMMEDIATELY to secure your wealth ... and turn this calamity into potential windfall profits of 112%, 290%, even 368% within the next 12 months...
[Totally agree with Mr. Hoppman. Americans must settle their personal debts and reorganize their finances or face total ruin. But, it is perverse to blame China for the mess which all Americans, save the 1% filthy rich, are now facing. I would suggest that the first critical step is to face the truth, the whole truth and nothing but the truth – America and Americans have been living way beyond their means. It’s about time to live according to your means, save more and consume less.]
Dear Fellow Investor,
Hi. My name is Brad Hoppman.
Today I want to tell you about a recent event that is about to PERMANENTLY shake the foundations of the global economy ... an all-out Declaration of War on the United States that was officially put into place on September 6th, 2012.
[See my comments above. Mr. Hoppman does not cite the declaration of war. It is the US that has declared war on the entire world by massively printing useless dollar fiat currency to pay its debts that has amounted to trillions. All countries including China and Russia have the inalienable right to defend their economies and currency as a result of the blatant and ruinous policies of the US government under the control of Wall Street. Japan recently declared that she will not stand idly by while US is printing money at the expense of Japan. It is indeed strange that Mr. Hoppman has not accused Japan of declaring war on the US. Is it because Japan is a military ally of the US and needs Japan to encircle China?]
But you won’t hear even a whisper about it in the mainstream media. It’s an event that can literally spark the next World War, but unlike previous wars this one will not be fought with bombs and guns ... but it could trigger the most cataclysmic destruction of personal wealth in our lifetime.
[The main street media has not commented on the counter-measures by countries all over the world against money printing by the US which would lead to hyper-inflation because by so doing they would expose the fraud by the Too Big To Fail Banks and the Too Big To Jail Banks and the complicity of the FED and Treasury. The G-20 countries have warned that America must stop its financial nonsense. Even leading US economists and commentators have warned of the danger of hyperinflation as a result of uncontrolled printing of the US dollar e.g. Peter Schiff of Euro Pacific Capital, Casey Research, Tyler Durden of Zero Hedge, Nouriel Roubini etc.]
As we speak, China is mobilising resources and gathering allies around the globe for its imminent “attack.”
[This is classic scare-mongering. Countries all over the world are indeed preparing for the day when hyperinflation hits the USA. Why should any country including China, being the largest creditor stand pat when as a result of US fiscal and monetary policies have suffered huge financial losses and inflation. US dollar has depreciated by over 20% in the last few years. Therefore, countries holding US$ as reserves have suffered huge losses as the purchasing power of the US$ has plummeted. Countries sell goods and exchange their currency for dollars to buy crude oil from the renegade fascist Islamic country called Saudi Arabia, while the US has only to print money to buy the same crude – in fact paying for crude with worthless toilet paper money. And Mr. Hoppman wants the world to accept this perverse state of affairs. And any counter-measures is deemed a declaration of war. Mr. Hoppman is a freaking a*%$#@s and a moron!]
They have one sole purpose in mind ... to crush the economic, political and military strength of the United States around the globe by targeting America’s Achilles heel. [However, according to Mr. Hoppman, US can crush the global economy by printing toilet paper money and the people of the world can suffer the consequences. But, America and Americans need not pay for their excesses, frauds by their own banks and deceit by their government. US, the Zionist Anglo-American Empire must be allowed to thrive and oppress other countries so that Americans can live beyond their means. This is Mr. Hoppman’s perverse logic. This is fascist logic. The logic of an empire mindset.]
And I’m absolutely positive that if they succeed, it will change everything you think you know about living, investing and retiring in America. Now I understand if you’re a little skeptical. But I’m not asking you to believe me just yet. I’m simply asking you to listen to my evidence before you make up your mind.
[The evidence Mr. Hoppman presents is his twisted logic, for in the next few paragraphs below, he has openly and unashamedly admitted that the financial crisis post WWII is because the US became a debtor nation, spend more than it earns and went to wars all over the globe. Yet, having confessed and admitted that the US is the cause of its own financial demise, he has called upon all Americans to wage war on China, because China is adopting counter-measures to protect her economy. Read carefully and twice the financial crimes committed by the US which Mr. Hoppman unashamedly admits.]
As you’ll see in a minute, this chain of events was set in motion a long time ago and it’s a story so controversial our media refuses to talk about it. But this is exactly the type of research that my team and I at Weiss specialize in ... and it’s the type of analysis that recently led Worth magazine to declare “Weiss’ record is so good compared to its competitors ... consumers need look no further.” You see, we’ve earned the reputation of being the first company to tell the truth, the whole truth and nothing BUT the truth on most of the major financial crises over the last 40 years.
[No doubt Weiss Research has told many “truths” but, what is most alarming is how Mr. Hoppman in this presentation then turns truth on its head and postulates a scenario inconsistent with the admitted truth. This is twisting facts to suit his propaganda. He is a very dangerous man. And Americans should be very wary of such a charlatan, masquerading as a truth-seeker.]
For example ... Back in 1991, we were one of the first groups to uncover the Savings and Loans scandal that cost taxpayers $153 billion. At the time, top bank officials sent us angry letters demanding we keep quiet, but we ignored them and ultimately our analysis proved to be 100% correct.
In the year 2000, we called the bursting of the tech stock bubble that cost US investors an estimated $6.5 trillion in losses ...
More recently, we called the real estate bust and subsequent market meltdown in 2008. Plus, we specifically named nearly every major company that collapsed during the crises, including the big banks like Lehman Brothers, Bear Stearns and Citigroup. In fact, I made 318% returns and higher buying Lehman and Goldman Sachs puts during the crisis. But my latest prediction is even more shocking than anything we’ve ever published before.
[He is not the only one who accurately foretold the above major financial shenanigans by the big banks. In 2006, I wrote a book about these financial crimes – “The Shadow Money-Lenders”. What he did was no big deal. But, that does not justify Mr. Hoppman to twist facts and make false accusations against China and for that matter any country taking counter-measures against US fiscal and monetary policies, specifically the printing of worthless toilet paper money.]
It has the potential to wreak havoc throughout our economy ... and it could wipe-out any portfolio that’s heavy in conventional investments like stocks, bonds and treasuries. We could see the markets crash another 50-90% ... traditional safe-haven investments like CDs and bonds turn into financial death traps ... and the price of water, food and gas will skyrocket. But every crisis brings an opportunity ... and if I’m even HALF right about this, you could be pocketing outrageous profits of 112%, 290%, even 368% - and probably much more — in just a few months.
[This coming crash is definitely a big one. Bigger than the one in 2008. There is no dispute on this. But, Mr. Hoppman fails to state categorically that his own country is the culprit. Scumbag, that’s what he is!]
In short, I have uncovered compelling evidence that China is conspiring with a small group of rogue nations to knock America off its global pedestal by sending the dollar into the dustbin of history ...
[Another example of Mr. Hoppman’s perverse logic. The dollar is in the dustbin of history because of its own doing and not because China’s actions to protect her own economy. This is pure war propaganda against China.]
And it will crush the retirement dreams of millions of American citizens.
[Americans’ dreams will be crushed, no doubt about this. Go after the banksters and fraudulent politicians from Wall Street to Washington DC before you blame China and other emerging countries. If Americans don’t have the guts to go after their crooks, financial rapists and gangsters, don’t even try to take on China and the rest of the world. This is no longer a uni-polar world. The world will not tolerate such blatant imperialist logic.]
That’s why I created this presentation.
[No, Mr. Hoppman. You created this presentation to mislead and to hoodwink your fellow Americans to subscribe, with their hard-earned money, to your deceitful propaganda. You are a scumbag.]
Because this War isn’t about to start — it has already begun. Because on September 6, 2012 China initiated the first covert action to ignite this global war ... but you didn’t hear a whisper about it in the ‘pop’ media.
[The currency war was started by US when it launched QE 1. China did not counter US fraud and money printing by covert action. We all know about these counter-measures and we have supported these actions by China and have entered into bilateral agreements to mutually support our currencies and economies. Malaysia, my country is one of those countries. You are a freaking liar. We don’t have to launch any covert action like US in her drone campaigns murdering thousands of innocent children and women. What we did have been reported in all the mainstream media in Asia and in the US. You are a freaking liar to state that the bilateral agreements between China and her trading partners to use their own currencies rather than US dollar was not reported in the mainstream financial press in the US. I am willing to bet a million US dollars that such openly bilateral agreements to circumvent the use of US dollar in international trade has been reported in mainstream media in US and in Europe. I challenge Mr. Hoppman to take up the offer or he should forever stop lying to his fellow Americans. This is shameful.]
And I want you to have time to protect you and your family from the coming carnage. In this presentation I’ll show you exactly how China plans to rule the world.
[Mr. Hoppman, why don’t you tell your fellow Americans, how your Zionist Anglo-American Empire ruled the world, murdered millions to allow Americans to live beyond their means and how the Military-Industrial-Financial Complex has destroyed the world’s economy and how your own President Eisenhower in his farewell address warned of this pernicious danger.]
I’ll show you how you can actively protect yourself and your family from the devastation. And I’ll also show you 5 simple steps to take TODAY ... to not only protect your portfolio, but also to double your money in 2013 and beyond.
[Yes, do this, but please tell no lies!]
Let’s get right to what’s going on ...
[In the paragraphs below, you will read explicitly Mr. Hoppman’s confession as to the real reasons for the sufferings that hardworking Americans are experiencing now. And it has nothing to do with China. It boils down to the huge debt that America owes to China and other countries like Japan etc.]
America’s Last Great Export is about to Go Bust.
[That export is US dollar toilet paper money. Mr. Hoppman is most unhappy about this. Instead of opposing this infantile behavior of US financial elites and put the US house in order, he wants America to go to war with China and blames China for it. This is screwed-up logic of Mr. Hoppman. And you are asked to believe in him and his solutions. You must be mad to subscribe to his perverse logic.]
Everybody knows the US is heavily in debt to China. And the US trade deficit with China keeps growing, up to $558 billion in 2011, and The Daily Caller reports it’s now the “largest nation-on-nation trade deficit in the history of the world.”
But what most Americans don’t know is - because of this huge trade deficit - each year the Chinese Central Bank collects billions of excess dollar reserves they have no idea what to do with. For years China simply piled these dollars into US treasuries. Now, Washington loves this arrangement because it helps them run trillion-dollar deficits ...
[If Washington – i.e. your stupid government loves it and you indirectly enjoy this state of affairs until it turned badly against you in 2008, you are now asked to blame China for your country’s folly? This is a sick joke.]
But the Chinese aren’t stupid. With Washington cranking up the printing presses and the record low interest rates, China understands staying in Treasuries for the long term is a losing proposition. After all, the results speak for themselves ...
According to Beijing officials, China lost $271 billion between 2003 and 2010 by holding US Treasuries. And in June of 2011, China’s National Development and Reform Commission announced it could lose another $578 billion if it continues to hold these huge US debts. So the Chinese government is now taking drastic measures to protect their wealth.
[Tell me if the reverse situation is the case, would America not take counter-measures to protect her wealth as China is doing as a result of the irresponsible actions of USA? But, according to Mr. Hoppman, by so doing China has declared war on America as opposed to US declaring war on China by making China lose nearly a trillion dollars between 2003 and 2011. 2012 to the first quarter of 2013 is not even in the calculations. If US was to lose a tenth of this money as a result of a country in the Middle East defaulting on its debts, the US would have gone to war to bully the country as in Iraq. You will see this admission by Mr. Hoppman in the next few paragraphs below.]
Two high officials - Zhou Xiaochuan, the head of the Chinese central bank and Xia Bin, a member of the monetary policy committee of the central bank - recently made it clear that they are ready to take action. But China isn’t simply planning to pull all their money out of Treasuries. China isn’t in this game for the short-run, and they’re willing to sacrifice some short- term losses for long-term gains.
[Why shouldn’t China be doing this? Mr. Hoppman wants China to stand pat and take all the financial abuses given out by US. He must be a freaking lunatic. But Mr. Hoppman prides himself as a financial expert. He is a charlatan. If the opposite situation applies to the US, would Mr. Hoppman advise the US government to stand pat? Surely not. This is where he exposes himself as a fraud so as to sell his newspaper to scared investors.]
Which is why it was no surprise when an overlooked article in the International Business Times revealed a shocking announcement... one that the mainstream media has refused to acknowledge... It stated that in a secret alliance with Russia, China launched the ultimate attack on US supremacy. By attacking the United States’ last great export machine ... and its ultimate source of global domination for the last 40 years ... the petrodollar.
[There you have it. America’s great export – petrodollars. Toilet paper money that enables US to buy oil by printing money. But to Mr. Hoppman it is the absolute right of the US but not any other country to dominate and exploit via fiat currency of no intrinsic value except empty promises. This phrase “empty promises” you will soon read from the next few paragraphs. China cannot circumvent this self-made American rule. Everyone must obey and we are told that America is a democratic country that believes in free trade and a level playing field. This is bullshit. America is a bully, a mafia gangster using her military might to impose financial blackmail.]
I firmly believe this is the shot across the bow for an economic war between the US and China ... one that will bring about the end of the 30-year bull market in US bonds. As I’ll show you in a moment, America has gone to great lengths to prevent this very crisis from occurring. It’s the reason we took down Saddam Hussein, Muammar Gaddafi and why we’re now imposing sanctions on Iran.
[At last the ultimate confession. The real reason for invading Iraq, Libya and nuclear blackmail and sanctions against Iran. These countries refused to sell oil for US dollars but in other currencies. By doing so, US would no longer enjoy the privilege of buying oil with toilet paper money. For that defiance, these countries must be destroyed and its people massacred. America as a nation is a rogue state and its leaders and military are all war criminals. But, the US propaganda falsely alleges that the above three countries have WMDs and therefore a threat to the world. US is the threat to the world and US will not countenance any opposition to her financial blackmail.]
But with our weakened military and our bloated national debt, China has the perfect opportunity to take us down ...
[China and Russia have every right to counter US blatant bully tactics in the financial markets. US cannot force countries to accept useless toilet paper money as currency for world trade. And many countries are supporting China so as to escape this financial blackmail.]
And unfortunately for us, their $3.5 trillion in US foreign currency helped them launch their first wave of assaults on September 6, 2012.
[This is not an assault, Mr. Hoppman but a natural counter-measure to protect one’s economy. US can attack another country’s economy or currency but no country can defend itself from financial blackmail. Hoppman is a freaking moron.]
So, while I hope for our sake they don’t succeed, there’s still time to prepare for the coming crisis. Because I can assure you, right now China holds the economic future of America squarely in its hands. And while you may be thinking that these currency wars won’t affect you or your family, mark my words: the fall of the petrodollar will devastate everyone who lives, works and invests in America.
[Below, Mr. Hoppman has confessed to the real history of the financial blackmail imposed by the US. As an American, if you accept this irrefutable evidence and that your country is a scumbag country, how can Mr. Hoppman be justified in labelling China as a part of the “Axis of Evil” when the evil doings were the actions of your country. The real Axis of Evil is the US, UK and Israel. He has turned truth upside down. Don’t fall for it. Do what is right. Oppose your government and expose these financial charlatans like Mr. Hoppman.]
Let me show you what I mean ... The Biggest Financial Con in History
[It is indeed telling that Mr. Hoppman unashamedly admits that the entire monetary system post-WWII was a con – in his words “the Biggest Financial Con in History”. If the US financial elites have conned Americans and they don’t even know it today until this exposure by Mr. Hoppman, how do you think other countries would feel about this con? Let me tell you, stupid! They would feel that they have been financially raped in broad daylight and would demand justice and reparations for the injustice since 1944. Mr. Hoppman has just called the mighty US the “Biggest Con Artist in History” and yet he wants you to go to war with China. He is another con artist!]
The year was 1944 ... and all the 44 Allied nations gathered in Bretton Woods, New Hampshire. Their mission was to create a set of agreements to manage international trade after the war. Their brainchild, The Bretton Woods agreement, established the dollar as the world’s reserve currency. This international game-changer gave the United States a distinct economic advantage, but with one caveat ... every dollar the Fed printed would be redeemable for gold at a standard rate of $35/oz.
This was put in place to ensure the Fed didn’t print dollars with reckless abandon. But of course, the Fed printed more dollars than it had in gold to exchange, and with massive expenditures on the Vietnam War, the rest of the world became suspicious of America’s ability to pay.
[Another admission, that the US did not honour the international agreement of backing its currency with sufficient gold. The FED printed more toilet paper money then there was gold to back it up. Another con on the world.]
So nations began to demand the gold they were promised. Then in 1971, President Nixon recognized he would not be able to meet the obligations and closed the gold window. It was the first American default and it set off a rapid decline in the value of the dollar.
[This idiot just admitted that since 1971, the dollar started to decline, to lose its value and not China counter-measures in recent times. US defaulted. The US could not pay its debts in gold as promised. If you defaulted, you would be sued by the bank, made a bankrupt and your properties foreclosed. But, the US threatened the world with war. Hence, the funny “Cold War”. The other con perpetrated by the US was the threat by the Soviet Union, so that countries would “run” to the US for protection. In return, they would have to accept the toilet paper money as payment for goods sold to Americans. What a bargain.]
Oil prices soared.
[America defaulted on its debt. If you default on your debt, your bank can sue you, foreclose on your property etc. But, when America defaulted, no creditor can take action to recover the debt. This is acceptable to you as an honest God-fearing individual??? This is sheer nonsense and Mr. Hoppman says that when China wants to protect herself, she has declared war on US. He is a freaking lunatic. But, you don’t have to be one.]
[Then in the next few paragraphs, Mr. Hoppman exposed the evil genius in the person of Kissinger. But, later Mr. Hoppman blames China.]
Inflation soared to 15% and higher. At the same time, GDP fell 3.2% and unemployment hit 9%. P/E ratios crashed down from 16 to 8 and stocks had the worst 15 year period in history ... even worse than the Great Depression. The government imposed wage and price controls which caused gas shortages around the country.
But in 1973, then-Secretary of State Henry Kissinger hatched a brilliant plan.
[This is the evil plan. Another con]
America had great military might and Saudi Arabia needed protection for its vast oil empire. So, in a stroke of genius, Kissinger exchanged America’s military might for Saudi Arabia’s promise to sell oil exclusively in US dollars. Meaning, any country that wanted to purchase oil from OPEC was forced to use US dollars. So anytime another country wanted to buy oil from the Middle East, they had to first convert their currency into US dollars.
And since oil is required in modern economies — and the Saudis are a main player in the oil trade - this put the US in a unique situation. Countries around the world would have to export goods and services to get the dollars they’d need to buy oil. America on the other hand could simply “print” the dollars it needed to buy oil.
Which means the US could run massive trade deficits because we exported the most valuable commodity in the world ... the US dollar. Up until the early 1970s America was the world’s largest creditor. But by the early 1980s we had begun to run our first trade deficits. And since the 1990s our trade deficits have grown to trillions of dollars.
[Here is another outright admission. America is the culprit of her own financial demise. No one else.]
In order to get the dollars they needed to buy oil, countries flooded the US market with cheap cars, cheap TVs, cheap clothes ... and we simply flooded the world with cheap currency in return.
[This is another lie. Countries did not flood America with cheap cars. Because US could print toilet paper money, it could buy anything at will and this gave US an advantage and they in turn bought everything at cheap prices. Countries who disobeyed were either invaded or have their leaders deposed in a coup d’tat.]
But here’s the cherry on top ... The OPEC countries were required to invest their profits in US treasuries, feeding the demand for government debt ... allowing the government to borrow with reckless abandon ... and creating the greatest bond bull market the world has ever seen.
[Another admission that the US government was reckless and created the bond bubble. So, who is to be blamed for the fiasco? China or US? Wake up America!]
But it wasn’t just the government that borrowed. Consumers borrowed $14 trillion, add in $11 trillion in corporate debt, $17 trillion in financial debt and up to $90 trillion in unfunded liabilities like Social Security and Medicare - it all adds up to $140 trillion in total debt ... that’s around 10 times greater than our whole domestic production.
[Here, Mr Hoppman says that you were spending more than you earn. So how can you blame China? If you borrow from the bank and you can’t pay back, can you blame anyone for your stupidity? But, Mr. Hoppman says that you can blame China. Freaking lunatic.]
It’s truly staggering. And the whole house of cards is maintained by this simple agreement made in 1973. Do you see why it’s so important the US maintains the petrodollar? Do you see why we’re willing to go to war with anyone who challenges the petrodollar?
[So here Mr. Hoppman says that US will go to war to maintain her stupid spendthrift ways. US can invade any country without any accountability and is therefore right and proper. For US, it is not a war crime to invade another country and plunder its wealth. But, no country can challenge this bully. When China wants to protect her economy, she is deemed to have declared war on US. Are you so freaking stupid to believe this bullshit??????]
And do you see why this is the biggest opportunity that China has to end the golden age of America and usher in an age of Chinese dominance? 2008 gave us a prime example of what happens when the national credit card is shredded. From the late 1990s until early 2007, housing prices grew three times faster than income as the Fed pushed down rates to 1% and banks gave mortgages to anyone with a pulse.
But the fact is, this rapid rise in house prices was unsustainable. And eventually the market ran out of credit-worthy buyers. And at this point the housing bubble simply popped. And here’s the even scarier part — even though growth only decreased 2% over the next few months, the entire economy almost collapsed.
[So, here again Mr. Hoppman has admitted expressly that the bubble was created by financial elites in Wall Street and Congress. The price of houses were artificially jacked up to satisfy the greed of the speculators (both institutional as well as retailers – the average American) but the same was not sustainable. Americans screwed up their own economy and caused a global financial meltdown. Who else can you blame but yourselves? Why don’t Americans arrest and torture these financial bastards, and sent them to Guantanamo Bay to pay for their crimes in the same way you have supported your fascist government in invading Afghanistan and Iraq on false pretences. Recall that in the above paragraphs, Mr. Hoppman had already confessed that the real reason for attacking Iraq was not because Iraq was involved in 9-11, Al-Qaeda and or had WMD, but that Iraq would not support anymore US petrodollars. Is not Mr. Hoppman a deceitful person to now warn you that China has declared war on the US? Is this lie not similar to the lie that Bush, Cheney and Colin Powell made in the UN to justify the war in Iraq? Please do not fall for such lies anymore and reject Mr. Hoppman’s propaganda about China.]
The Government spent trillions on bailouts and stimulus to get the economy moving again because they understood an important truth ... The same dynamic is happening right now, but on a much, much larger scale, in the bond markets. Simply put, China is plotting to take away our biggest source for our seemingly inexhaustible demand for Treasuries ... And right now China has us right where they want us.
[This is another example of perverse logic of Mr. Hoppman. US’s source for petrodollars is based on political blackmail on the Islamic and moribund Saudi Arabia, the breeding ground of Jihadists. The Saudi King is but a tool of the US financial elites. Why should China be a victim of this corrupt and fraudulent financial arrangement? China and any other country have the right to trade in any currency for crude and other commodities. But, as admitted by Mr. Hoppman, the US and Americans want a free ride and the ability to print money at will to buy whatever they want at the expense of the world’s economy. Is that fair?]
[China is not plotting to take away anything from America. Countries have woken up to the fact that since 1948, they have been conned to believe that the US dollar is worth something when it is in fact a toilet paper currency, already consigned to the waste basket. And Mr. Hoppman has admitted that this is the “Biggest Con in History”. So, how can any god-fearing American who values truth and justice support a system based on fraud and political blackmail?]
Because while Americans are stuck in the past ... burdened by the promises and entitlements made years ago ... China is preparing for the future. And their goal is an all out assault on American supremacy and the petrodollar. Now remember, China doesn’t want to broadcast its intentions to agitate the United States., which is why you won’t find widespread media reaction to this landmark media event. But if you take a close look at the actions of the Chinese government, the evidence is overwhelming ... China’s Quest for Global Dominance
[Another lie. US spend more money on weapons that the rest of the world combined. China has no foreign military bases, whereas US has over 700 military bases and has a monopoly of nuclear weapons. So, who is dominating who and who is maintaining global dominance?]
You see, China implemented a very simple plan to ensure global domination. First, they’re taking steps to monopolize the gold supply around the world. Second, they’re looking to build global alliances to help with their plan. And finally, they’re working to eliminate the dollar from the international oil trade.
[Why should currencies not be backed by gold? The US dollar was once backed by gold until 1971, when US defaulted in her debts and refused to honour the agreement that the US dollar would be backed by gold. Can you trust a country or for that matter anyone who has abrogated a written agreement because he can do so and get away with it, because he is a bully and has a mighty military?]
[Why should China and any other country exchange their currencies for worthless US toilet paper money to buy oil when they can buy oil directly with their own currencies without having to suffer any foreign exchange loss? If you are not willing to suffer losses on this basis, how can you expect others to do so? But, Mr. Hoppman insists that because you are an American it is right. Absolute rubbish. This is gangster logic.]
First, let’s take a quick look at how China has been hoarding gold supplies around the globe ... China is smart. They know that they will soon have the economic power to take over the role as the world’s reserve currency, but ... They also know the Chinese currency - the Yuan - will never beat the US dollar if it’s nothing more than another “fiat” currency ... that is, a currency backed with nothing but empty promises.
[Here again, Mr. Hoppman confesses and admits that the US dollar being a fiat currency is a currency backed with nothing but empty promises. The Yuan is no different. And China realises this as being very dangerous, so China decided to back her currency, not with empty promises like the US but with Gold. Is this not the rational thing to do? If China adopts the US approach, then she is no different from America – China is but another con artist. But, China refuses to be a con artist.]
So instead, the last few years China has been secretly stockpiling gold with the intent of creating something that’s been missing from the global economy for 30 years ... a gold-backed reserve currency.
[Need I say more? Mr. Hoppman wants a world currency backed by empty promises as opposed to a currency backed by gold (which was the case of the dollar before 1971). But, according to Mr. Hoppman’s perverse logic, what China is doing is bad. He is a freaking lunatic.]
According to a recent Forbes article, “China is preparing for a world beyond the inconvertible paper dollar, a world in which the renminbi, buttressed by gold, becomes the dominant reserve currency.”
Now you may think I’m exaggerating ... but high level government officials are clearly worried about this possibility. Because we know for a fact, that China has been purchasing massive amounts of gold for the past few years. If you didn’t already know, China is the world’s largest gold producer, producing more than 350 tons of gold a year - almost 20% more than the world’s second largest producer.
And yet, according to major bullion dealers, China isn’t exporting a single ounce of gold. Instead they’ve been importing huge amounts of gold. In fact, in 2012 China imported roughly 500 tons of gold ... that’s more than the entire holdings of the European Central Bank. Even more importantly, this year will mark the first time in history that China has imported twice as much gold as it has purchased in US treasuries.
[China is doing the right thing. And so are other countries. Should you not ask your senators and congressmen why the US is not seeking this solution to the present crisis? Would you not consider a doctor to be a mad man, if instead of looking for a cure, chooses to prolong the illness? Printing more worthless toilet paper money is prolonging the illness. Having gold to back a currency is to provide a solution, a cure to the illness. But, Mr. Hoppman says in his presentation, it is wrong to do so.]
I believe I have made my point very clear. It is a futile exercise to examine further the financial trash of Mr. Hoppman in the remaining part of his presentation. For if the above analysis and commentaries have not persuaded you to reject Mr. Hoppman’s propaganda, nothing will.
And so, I will end my commentary here as I have no wish to bore you to tears. I rest my case. Mr. Hoppman is a political and financial charlatan. Stay away from him and those who adopt his kind of devious reasons for war and the twisting of facts. Be a good Christian, be honest and God-fearing and uphold truth and expose lies and distortions. You can resolve your personal financial problems as well as your country’s financial crisis. All you need to do is to confront the truth, take the bitter medicine and start anew. There is NO EASY WAY OUT.
THERE IS A CURE. THE MEDICINE IS BITTER AND THE TREATMENT WILL BE LONG AND PAINFUL. BUT, AT THE END OF THE DAY, YOU WILL BE CURED. THE MAGIC BULLET PEDDLED BY MR. HOPPMAN (i.e. BLAME IT ON CHINA) DOES NOT WORK. IT IS A CON.
Courtesy Matthias Chang, www.futurefastforward.com
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