October 6, 2009, - 10:38 am

Life Imitates Art: Arabs, Chinese Rip Off Plot of “Apophis” Novel; Try to Destroy US Dollar

By Debbie Schlussel

Last week, I reviewed Paul Karcher’s great thriller, “Papercut:  The Apophis Conspiracy,” which is also advertised on this site (and can be bought here).  As I noted, the book–written at least two years ago–details a plot in which Arab countries, the Chinese, Russia, and other American enemies secretly get together to destroy the American dollar, devaluing it to nothing, and at the same time, killing our markets and causing chaos.

Well, life imitates art. Apparently.

brokendollarapophisbook

Paul Karcher Foretold Arab/Chinese/Russian Plot to Severely Devalue US Dollar

The UK Independent’s (extremely anti-Israel liar) Robert Fisk reports today that the Arabs, Chinese, Russian, French, etc. are plotting exactly what Karcher foresaw in his novel. (Beware of Fisk, though. He’s a known liar.)

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

All of this was foretold by Paul Karcher in his book.  And if I were the intelligence people, I’d be reading Karcher’s prescient novel.  And you can read it, too.  Buy it here.

The question is, what will we do about this?  Let’s say the Saudis drive down the dollar to almost nothing.  Can they afford to survive without us buying their oil.  No.  As I’ve noted many times before in the last decade, we can last a month without their oil.  But the top-heavy Saudi monarchy, with 30,000-50,000 princes and princesses to support (or more–they don’t know exactly how many they have among their royal ranks), can’t live a month without American cash and consumerism.

Sadly, America doesn’t have the guts to play hardball.  For example, we’re still going ahead with the boneheaded plan of sharing our nuclear technology with the United Arab Emirates, of which Abu Dhabi is a part.  We’re holding no sticks to get them to abandon this plan to further destroy our economy.

And don’t fool yourself into thinking Gulf State-lover George W. Bush would have done anything either.

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15 Responses

President BO doesn’t need any help destroying the dollar.

With the money he’s printing, we will be in double-digit inflation in two years.

No one gets it.

goldenmike4393 on October 6, 2009 at 12:49 pm

And when they plucked Saddam out of his rathole, he carried $400,000 in cash. USA Dollars….

#1 Vato on October 6, 2009 at 1:07 pm

I hope Israel unlinks the shekel pretty fast. We’ll be in a big mess if they don’t. And Fischer needs to stop buying millions of dollars to bail out our “good friend.”

MK750 on October 6, 2009 at 1:19 pm

I know this may sound too conspiratorial, but could Al-Qaeda have a hand in this somehow? Since the ragheads are also involved with this, I wouldn’t put it past these Muslim bastards to be taking a lead in this.

Jarhead on October 6, 2009 at 1:21 pm

Is this the same “pro Israel/pro Jewish” Robert Fisk we have all come to know and love (I have a rather warped sense of humor)? If so I wouldn’t trust him further than I can spit.

At any rate, given how much the Chinese have invested in our debt I can’t believe they would be part of this.

IAM: Note the comment above about how he’s a known liar. Will add the anti-Israel adjective. DS

I_AM_ME on October 6, 2009 at 2:38 pm

The problem is that the yuan is not fully convertible, it has no value. Therefore this sceme cannot work.

Federale on October 6, 2009 at 2:44 pm

It is possible for these parties to destroy the dollar, but by doing so they would sacrifice a great deal of their own wealth (in dollar-denominated assets) and future income (because of the worldwide depression caused by such a crash.)

After WWII the U.S. accounted for 50% of the world’s GNP. Thus there was really little alternative to using the dollar – that the British pound held its own for two more decades can be attributed to the economic influence of its fading Empire. Now the U.S. represents under 30% of world GNP and is no longer the world leader in providing capital, so it makes sense to revive the 1970s mechanism of the SDR for capital growth. Eventually the dollar will come down and manufacturing revive compared to the financial and services sector. It’s all quite natural – though we will have to get used to the fact that we cannot enjoy the benefits of great seignorage much longer.

Solomon2 on October 6, 2009 at 2:45 pm

    Yes, that is such a realistic attitude. What manufacturing sector are you speaking of? Did your mind stop absorbing information in 1972? Also, to be competitive with say China or India, a worker would have to be willing to work for at most a few dollars a day and be at the bench from 12-15 hours each day six days a week. If you had that lifestyle, you would not be pecking on your keyboard right now, and in fact would not even have a keyboard to play with. May your wish come true for you at least.

    Sorrow01 on October 7, 2009 at 3:31 am

I think I’d have to agree with Golden Mike. Our President seems to be doing all he can to help the Chinese and their friends destroy us, partially, but not only, by printing money. After all, why should America be better or more prosperous than all the other countries that, according to the President and his colleagues, our country has taken advantage of for so many years? Let’s hear it for the oppressed of America and the world!

Little Al on October 6, 2009 at 4:52 pm

Part of the thing is that the US used to have the fairest legal system out there, and the best regulated banks. So while other countries might not have trusted our banks 100% they certainly trusted them more than any other bank available.

That isn’t true any more, not with Holder at Justice and the Treasure dept. and the Fed showing that they are just as politically owned and governed as similar institutions in other countries. (Take a look at how often the regulators warned about the mortgage boom – they were complaining about it from 1997 on – and how they got reined in by Congress each time, for example. Not to mention Bernie Madoff.)

Another thing is that the US used to be the guarantor of world security and world shipping and we received some slack monetarily for that service. But it looks like no one wants us to do that service any more, so hey.

The reason they want to bundle everyone else’s currency together into one unholy heap is so that when one country starts playing games like China has been for years and years, they can only play so much.

luagha on October 6, 2009 at 5:22 pm

Seems like the whole world is in a pickle.

Richard on October 6, 2009 at 6:36 pm

Hi everyone, I’m the guy who wrote the novel Debbie was just referring to. Yes they could collapse the US economy simply by refusing to buy any more of our ever expanding debt. All it would take would be a country like China or Japan to push away from the table. If that happened we would quickly find ourselves in a hyper- inflation environment. Cheers, Apophis

Apophis on October 6, 2009 at 10:22 pm

The evil Muslims will lose. Muslims are evil because they practice slavery. They believe slavery is acceptable, so Muslims are evil.

Jim on October 7, 2009 at 6:23 am

‘Whitey” Bulger had $850,000 dollars in his apartment when he was arrested by the FBI. There’s where the money went.

Tanstaafl on June 27, 2011 at 4:26 pm

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