Jesus raised three people from the dead: Jairus’ daughter, the son of the widow of Nain, and Lazarus. Jesus also employed the word “Ephphatha", an Aramaic word, meaning "Be opened". It is found in the Bible, specifically in Mark 7:34, where Jesus uses it while healing a deaf and mute man. Today, this same word can be spoken to awaken humanity from the disability of ignorance and the want of living in darkness. Think thoughts to inspire the "I Am" in you. Speak to know that "you are".
What the jews have been doing to Palestinians since 1947 has now come to roost. Perhaps the jews will now go home to Ukraine, the many other European countries, and give Palestinians their land back. What was the state of affairs pre-1947. Iraq, Afghanistan, Lebanon and Syria were secular-leaning jewels of the Middle East, Iran had succumb to a CIA puppet named the Shah who pursued secularist policies, but ultimately became a tyrant. Palestinians led a simple yet harmonious life along the Mediterranean, under the protection of the British Mandate. Ask yourself what happened in 1948, and what event took place in the 1970s.
Not only was the Middle East impacted by Rothschild Banking and the Rise of Israel, but soon after the entire region became subject to the Petrodollar and so too Eisenhower's Warning - the rise of the Military Industrial Complex.
The Petrodollar is indirectly protected by the Exchange Stabilization Fund (ESF).
The U.S. dollar became the "petrodollar", and the United States aligned closely with Arab monarchies and theocracies - primarily in the early 1970s, following key geopolitical and economic shifts. Here’s a detailed breakdown of how and when this happened:
Background: The End of Bretton Woods (1971)
Until 1971, the U.S. dollar was backed by gold under the Bretton Woods system.
In August 1971, President Richard Nixon ended dollar convertibility to gold (the "Nixon Shock"), effectively collapsing Bretton Woods.
This created a need to reinforce global demand for the U.S. dollar — now a fiat currency — to maintain its reserve currency status.
Today, Gold and Silver are making a comeback.
Birth of the Petrodollar System (1973–1974)
After the 1973 Oil Crisis, U.S. policymakers struck a critical deal with Saudi Arabia:
Saudi Arabia agreed to sell oil exclusively in U.S. dollars.
In return, the U.S. offered:
Military protection,
Arms sales,
Political support (especially against regional threats like Iran and later Iraq).
By 1975, OPEC as a whole had agreed to price oil in U.S. dollars only.
This effectively created the petrodollar system, where:
Global oil sales required dollars,
Countries needed to hold dollar reserves,
The U.S. gained massive global demand for its currency and Treasury bonds.
U.S. Alignment with Arab Monarchies/Theocracies
Key alliances formed or deepened in the 1970s, especially with:
Saudi Arabia (monarchy, Wahhabi theocracy)
Kuwait, UAE, Bahrain, Qatar, Oman (monarchies)
The U.S. prioritized strategic, economic, and energy security over democratic or secular ideals.
These alliances were solidified through:
Military bases (e.g., in Bahrain, Qatar, Saudi Arabia),
Weapons deals (e.g., F-15 sales to Saudi Arabia),
Intelligence cooperation.
Why It Mattered:
Ensured global oil trade supported the dollar, boosting its role as the world’s reserve currency.
Allowed the U.S. to run large deficits and finance global dominance with borrowed capital.
Increased U.S. dependence on, and political cover for, conservative Arab regimes.
Summary:
Event | Year | Impact |
|---|---|---|
End of Bretton Woods | 1971 | Dollar no longer backed by gold |
Oil crisis & U.S.–Saudi deal | 1973–74 | Dollar becomes the currency for oil trade — "petrodollar" |
OPEC oil dollarization | 1975 | Dollar dominance cemented |
U.S. alliances with Gulf monarchies | 1970s–present | Strategic partnerships prioritized over ideology |
Does the ESF (Exchange Stabilization Fund) Protect the Petrodollar?
While the ESF indirectly supports the global role of the dollar, including the petrodollar system, it doesn't have a formal mission to protect it. However:
The Treasury and ESF may intervene in currency markets to maintain dollar stability, which supports the petrodollar indirectly.
The U.S. government—including the State Department, Defense, and Treasury—has historically backed the petrodollar through diplomatic, military, and financial policies.
If dollar dominance is threatened, the ESF might be used as a tool to maintain confidence in the dollar.
Thank you,
Joseph Pede
Joseph Pede
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