35 years ago today ,We became an Empire.

[serryjw]

I posted late last night but no one saw it.

quote.........
When in 1970-1971 foreigners demanded payment for their dollars in gold, The U.S. Government defaulted on its payment on August 15, 1971. While the popular spin told the story of "severing the link between the dollar and gold", in reality the denial to pay back in gold was an act of bankruptcy by the U.S. Government. Essentially, the U.S. declared itself an Empire. It had extracted an enormous amount of economic goods from the rest of the world, with no intention or ability to return those goods, and the world was powerless to respond- the world was taxed and it could not do anything about it.
end quote.......
http://www.informationclearinghouse.info/article11613.htm
Great article..all must read

[bluerum]

1. the link is broken - I get a 404 error

[primative1]

2. Sigh

It looked like some good reading ... but alas ...

[serryjw]

4. Link all better

n/t

[serryjw]

3. Sorry, All better

n/t

[bluerum]

7. thks

[Darkseid69]

5. The date of the article is Jan 19

"The Iranian government has finally developed the ultimate "nuclear" weapon that can swiftly destroy the financial system underpinning the American Empire. That weapon is the Iranian Oil Bourse slated to open in March 2006. It will be based on a euro-oil-trading mechanism that naturally implies payment for oil in Euro. In economic terms, this represents a much greater threat to the hegemony of the dollar than Saddam's, because it will allow anyone willing either to buy or to sell oil for Euro to transact on the exchange, thus circumventing the U.S. dollar altogether. If so, then it is likely that almost everyone will eagerly adopt this euro oil system"

March 2006 is long past. Any update on the Iranian Oil Bourse?

[serryjw]

8. The date of the Iran bourse

was not the point of my post.TODAY is the 35th anniversary of the US Empire.....The bourse is suppose to open in September

[primative1]

11. September huh?

At least its not August 22nd :)
I have heard this tale before and it is a more logical fit to recent events than the garbage we are spoon fed. I suppose someday we will find out. Sounds like we might wind up with the short end no matter how things play out.

[serryjw]

12. I'm staying home on August 22nd!

I see no reason why anything should get better until everyone talks to each other.

[ReadTomPaine]

6. When it comes to Empire, it's always later than you think. n/t

[maxsolomon]

9. tell it to the phillipines

that was further back than 35 years ago

[serryjw]

10. Is everyone having a tough time

making sense today...have no idea what your post says

[maxsolomon]

13. the OP states that the US became an empire 35 years ago

Empires have colonies. The phillipines were a spanish colonial posession that we took away in a short war, and then proceeded to brutalize the hell out of. thousands upon thousands dead.