It took the First World War to bring the dollar to pre-eminence. In wartime, countries would typically abandon the gold standard, and pay military expenses with freshly printed paper money, usually resulting in a spiral of inflation. When the war hit Europe in 1914, most of the warring countries abandoned the gold standard.
Britain held on, reasoning that going off gold would devastate the City of London. But since the US didn’t enter the war until 1917, it had more money to lend than the UK, where the war effort was devouring every scrap of spare capital. Countries like Canada, Chile, Argentina and Switzerland began to borrow in the US, by selling dollar-denominated bonds designed to appeal to US investors.
As the war dragged on, Britain went from lender to borrower. And after the dollar-denominated Angl0-French loan of October 1915—organized by JP Morgan to fund the allied European powers—”the US dollar no longer took a backseat to the British pound,” wrote William Silber, an NYU professor and author of a book on the origins of the dollar as a reserve currency.
And thus the Illuminati's evil plan was complete.
WaPo - House, Senate to vote on Keystone XL pipeline -
Not much to say here. It's political maneuvering, but if it gets the pipeline passed then good. I don't really think it will help Landrieu. My favorite part of the article:
Sen. Joe Manchin III (D-W.Va.) voiced strong support for the plan on Wednesday, saying that “it would be a tremendous windfall for all of us. It’s something we can count on. And I can’t for the life of me understand why we haven’t to date been able to move this piece of legislation forward.”Dude, how about because the Democrat leadership has been blocking it.
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