Ian Shilling -- The Petrodollar System and the Petrodollar Wars Explained

The Petrodollar System and the Petrodollar Wars Explained

The PetroDollar Economy

The petrodollar system was set up by Kissinger in circa 1975 to drive up the demand for U.S. dollars.

In 1971 the U.S. went bankrupt from the costs of the Vietnam War and the U.S. could no longer afford to pay its foreign creditors in Gold at $35 per ounce. So Nixon took the U.S. off the Gold Standard and floated the dollar.

Over the next few decades this led to massive printing of paper dollars, enabled massive increases of Federal government deficits and is a major factor in the massive wealth redistribution from the Middle Class to the Super Rich Oligarchy in the top 0.01% over the last 30+ years.

Ian Shilling -- There are no military solutions to the Korea crisis - Whatever happened to "America First"?

There are no military solutions to the Korea crisis - Whatever happened to "America First"?

North Korea is developing nuclear weapons as a deterrence against a U.S. invasion / attack. North Korea restarted its nuke program after Bush's "Axis of Evil" speech in 2002 and accelerated it after Obama took out Gaddafi and attacked Syria with al-Qaeda terrorists in 2011.

Kim wants to stay in power and preserve his regime. Kim is a despot but he is not suicidal. North Korea and his regime would get wiped out if he attacked the U.S. or anywhere else & Kim would be dead.

China has already stated that if Kim attacks first, China will stand aside but if the U.S. attacks first, China will prevent the U.S. from Regime Changing North Korea.

As Steve Bannon recently and correctly stated there is no military solution to North Korea. North Korea has 20,000 long range artillery pieces buried in the hills along the border, 8,000 of which can reach South Korea's capital Seoul with a population of 10 million. The U.S. has over 30,000 troops stationed near the border who would be sitting ducks if war breaks out.

Upwards of 1 million South Koreans and 10,000 U.S. troops would get killed in the first hour, if the U.S. started a war on North Korea.

In addition there is a sizable risk of North Korea smuggling some sort of basic nuke into South Korea or Japan on board a boat or container ship and exploding it near Seoul or Tokyo causing millions of deaths.

If the U.S. chose to try and take out North Korea's artillery with nukes this would result in nuclear fallout across South Korea, Japan, Taiwan, and North East China, which would eventually cross the Pacific Ocean and poison Hawaii, and the West Coasts of the U.S., Canada and Mexico

N.B. the THAAD missile defense system is not designed to protect South Korea or Japan. It is designed to take out what's left of Chinese nuclear missiles after a first strike by the United States. China knows this and wants the U.S. THAAD missiles taken out of South Korea.


N.B2 The North Koreans have been indoctrinated for 60 years to absolutely hate the Imperialist Yankees and their "lapdog Imperialist lackeys in South Korea".
They also remember, and are constantly reminded of, the complete devastation caused to North Korea by American carpet bombing in the 1950-53 War.
Most of North Korea looked like it had been nuked like Hiroshima.