Todd Wood – US Financial Analyst – Predicts Inevitable Collapse of US Economy

Become a Patron!
True Information is the most valuable resource and we ask you to give back.

Todd Wood, the author of the book “Currency,” explains why the US economy is on the verge of collapse and why Russia, which keeps increasing its gold reserves, might become the next major economic power.

The fact that Russia bought another 30 tons of gold earlier this week, bringing its total gold reserves to 1,238 metric tons should make the United States worried, said Todd Wood, the author of the book “Currency” and a contributing writer at the Washington Times.

Wood claims that the current state of the US economy is troublesome, to say the least. While both Russia and China keep increasing their gold reserves, the United States has gathered an overwhelming sovereign debt due to foolish spending habits that will inevitably bring the US economy down, the author said.

A journalist takes a picture from a TV screen while Russian President Vladimir Putin speaks during a nationally televised question-and-answer session in Moscow in Moscow, Russia, Thursday, April 16, 2015

Russia is now the fifth-largest holder of gold reserves, according to the IMF. Moscow is increasing its gold reserves to strengthen the value of its own currency, the ruble. The smart move, Wood argues, adding that Russia is “preparing for the day when the tables will turn” and the world will see the decline of the Western economic power.Unlike the United States, that has foreign debt approaching to $20 trillion, Russia’s debt stood at $600 billion, as of January 1, 2015. This is 33 times less than that of the United States. Furthermore, US foreign debt keeps getting bigger and bigger; meanwhile, Russia managed to cut down its debt by 17 percent since last year.

Washington should be worried about this. Soon the US might wake up and find itself in a world, where it will be bankrupt, meanwhile Russia, which has a gold-backed currency, will then dictate the new rules of an economic realm.

“There will be serious, deadly consequences to our irresponsibility, which emanated from both party’s lack of financial discipline,” Wood said. “At some point the Federal Reserve will lose control of the bond market. Our fiat currency will only be worth the paper it is printed on. The top-heavy, Western, socialist, welfare-state societies will collapse under their own weight.”

The United States is broke. The only thing keeping the US economy afloat right now is the US Federal Reserve that intervened to keep interest rates artificially low, Wood said.

The key question that remains to be answered is how long do we have until the unsustainable US economy collapses?

Go back

Your message has been sent

Warning
Warning
Warning
Warning

Warning.

Todd Wood Dentist, Todd Wood Dds, Todd Wood Phd, Todd Wood Creationist, Todd Wood Biologist, Todd Wood Obituary, Todd Wood Blog, Todd Wood Cook Stove, Todd Wood Memphis Zoo, Todd Wood Ucb, Todd Wood Allergan, Todd Wood Arizona, Todd Wood Alpine Valley Bread, Todd Wood Author, Todd Wood Army, Todd Wood Attorney Arkansas, Todd Wood Agile Capital, Todd Wood Alpine Valley, Todd Wood Austin Tx, Todd Wood Anderson Ca, Todd Wood Biologist, Todd Wood Blog, Todd Wood Benefitfocus, Todd Wood Boston College, Todd Wood Blackberry, Todd Wood Burning Cook Stove, Todd Woodbridge, Todd Wood Box Company, Todd Wood Builder, Todd Wood Bangor Maine, Todd Wood Creationist, Todd Wood Cook Stove, Todd Wood Communities, Todd Wood Chittenango, Todd Wood Chittenango Ny, Todd Wood Castlewood Builders, Todd Wood Currency, Todd Wood Cook Stove For Sale, Todd Wood Chatham Nj, Todd Wood Cabinets, Todd Wood Dentist, Todd Wood Dds, Todd Wood Design, Todd Wood Deloitte, Todd Wood Dartmouth, Todd Wood Dentistry, Todd Dixon Wood Gundy, Todd Created Wood Drums, Dr Todd Wood, Dr Todd Wood Houston Tx, Todd Wood Evolution, Todd Wood Engineering, Todd England Wood Carver, Todd Wood Sparton Enterprises, James Todd Wood Engraving, Ted Todd Engineered Wood Flooring, Todd Lindsey Eastern Engineered Wood Products, Todd Wood Facebook, Todd Wood Flooring, Todd Wood For Sheriff, Todd Wood Football, Ted Todd Wood Flooring Prices, Todd Wood Idaho Falls, Todd Wood Cook Stove For Sale, Todd Gaines Wood Partners, Todd Poland Wood Gundy, Todd Dixon Wood Gundy, Todd Wood Conyers Ga, Todd Wood Homes, Todd Hurrell Wood, Todd Helicopter Wood, Todd Hoyer Wood, Dr Todd Wood Houston Tx, Dr Todd Wood Houston Texas, Ted Todd Hardwood Floors, Dr Todd Wood County Hospital, Todd Wood Idaho Falls, Todd Wood Indianapolis, Todd Wood Impact Ministries, Todd Wood Springfield Il, Todd Wood Evolution Is Not A Theory In Crisis, Todd Burris Wood River Il, Todd Wood Construction Cedar Rapids Ia, Todd Wood Johnson City Tn, Todd J Wood, Todd Wolf Judge Wood County, Todd Rosen Robert Wood Johnson, Jim Todd Wood Design, Judy Todd Wood, James Todd Wood Engraving, James Todd Wood, Todd King Wood River Ne, Todd Wood Linkedin, Todd Wood Lancaster Pa, Todd Wood Landcorp, Todd Lockwood, L Todd Wood, L Todd Wood Currency, Luke Todd-wood, L. Todd Wood Wiki, L. Todd Wood Wikipedia, L Todd Wood Bio, Todd Wood Memphis Zoo, Todd Wood Md, Todd Wood Mfg, Todd Wood Mandarin Oriental, Todd Wood Manufacturing, Todd Wood Md Houston, Todd Wood Maine, Todd Wood Movers, Todd Mcculloch Wood Partners, Todd Wood Bangor Maine, Todd Wood Nh, Todd Wood Nanaimo, Todd Wood Chatham Nj, Todd Wood Evolution Is Not A Theory In Crisis, Todd King Wood River Ne, Todd Wood Obituary, Todd Wood Ottawa, Todd Wood Opelika, Todd Wood Mandarin Oriental, Todd Wood Phd, Todd Wood Pulaski Academy, Todd’s Wood Pellets, Todd Wood Physical Therapy, Todd Wood Photography, Todd Wood Pt Palo Cedro, Todd Wood Peterborough, Todd Poland Wood Gundy, Todd Taylor Wood Partners, Todd Gaines Wood Partners, Todd Wood Racing, Todd Wood Russia, Todd Woodbridge, Todd R Wood, Todd R Wood Dds, Todd King Wood River Ne, Todd Burris Wood River Il, Todd Rosen Robert Wood Johnson, Todd Wood Construction Cedar Rapids Ia, Ted Todd Wood Flooring Reviews, Todd Wood Stove, Todd Wood Sparton Enterprises, Todd Wood Spokane, Todd Wood Sonos, Todd Wood Sheriff Pulaski County, Todd Wood Springfield Il, Todd Wood Spokane Wa, Todd Wood Springdale Ar, Todd Wood Springhouse, Todd Wood Sheriff, Todd Wood Tudor Pickering, Todd Wood The Washington Times, Todd Taylor Wood Partners, Todd Terry Wood, Todd Wood Physical Therapy, Sweeney Todd Wood Theater, Todd Wood Austin Tx, Todd Boyd The Wood, Todd Wood Johnson City Tn, Ted Todd Wood Flooring, Todd Wood Ucb, Todd Wood Usafa, Todd Wood Vero Beach, Todd Wood Virginia Mn, Todd Wood Vero, Todd Wood Alpine Valley Bread, Todd Wood Alpine Valley, Todd Wood Washington Times, Todd Wood Washington Post, Todd Wood Westlake, Todd Wood Wiki, Dr Todd Wood Warren Mi, L. Todd Wood Wiki, L. Todd Wood Wikipedia, Todd Wood Spokane Wa, Louise Song Todd Wood Wedding, William Todd Wood Burners, Financial Analyst Salary, Financial Analyst Jobs, Financial Analyst Jobs In Michigan, Financial Analyst Job Description, Financial Analyst Salary Michigan, Financial Analyst Resume, Financial Analyst Cover Letter, Financial Analyst Career Path, Financial Analyst Degree, Financial Analyst Internship, Financial Analyst Average Salary, Financial Analyst Amazon Salary, Financial Analyst Amazon, Financial Analyst Apple Salary, Financial Analyst Accounting, Financial Analyst Associate Salary, Financial Analyst Assistant, Financial Analyst Allstate Salary, Financial Analyst Annual Salary, Financial Analyst Association, Financial Analyst Bls, Financial Analyst Books, Financial Analyst Bank Of America, Financial Analyst Benefits, Financial Analyst Boston, Financial Analyst Bank Salary, Financial Analyst Boston Salary, Financial Analyst Booz Allen Salary, Financial Analyst Bank, Financial Analyst Boston Consulting Group, Financial Analyst Cover Letter, Financial Analyst Career Path, Financial Analyst Certification, Financial Analyst Companies, Financial Analyst Career, Financial Analyst Cbre Salary, Financial Analyst Course, Financial Analyst Classes, Financial Analyst Chicago, Financial Analyst Consultant, Financial Analyst Degree, Financial Analyst Definition, Financial Analyst Description, Financial Analyst Detroit, Financial Analyst Disney Salary, Financial Analyst Day, Financial Analyst Do, Financial Analyst Development Program, Financial Analyst Deloitte, Financial Analyst Disney, Financial Analyst Entry Level, Financial Analyst Entry Level Salary, Financial Analyst Education, Financial Analyst Excel Test, Financial Analyst Excel Skills, Financial Analyst Exam, Financial Analyst Experience, Financial Analyst Excel Training, Financial Analyst Excel, Financial Analyst Entry Level Resume, Financial Analyst Ford Salary, Financial Analyst Fp&a, Financial Analyst For Dummies, Financial Analyst Firms, Financial Analyst Facebook, Financial Analyst Federal Reserve Salary, Financial Analyst Florida, Financial Analyst Fidelity, Financial Analyst Facebook Salary, Financial Analyst Forum, Financial Analyst Gm, Financial Analyst Grand Rapids Mi, Financial Analyst Google Salary, Financial Analyst Glassdoor, Financial Analyst Goldman Sachs Salary, Financial Analyst Google, Financial Analyst Goldman Sachs, Financial Analyst Goals And Objectives Examples, Financial Analyst Government Jobs, Financial Analyst Growth, Financial Analyst Hours, Financial Analyst Healthcare, Financial Analyst Houston, Financial Analyst Hourly Rate, Financial Analyst How To Become, Financial Analyst Hospital Salary, Financial Analyst Hourly Pay, Financial Analyst Hospital, Financial Analyst Home Depot Salary, Financial Analyst Highest Salary, Financial Analyst Interview Questions, Financial Analyst Internship, Financial Analyst Indeed, Financial Analyst Ii Salary, Financial Analyst Interview Questions And Answers, Financial Analyst Iii Salary, Financial Analyst I Salary, Financial Analyst I, Financial Analyst Intern Salary, Financial Analyst Intern Job Description, Financial Analyst Jobs, Financial Analyst Jobs In Michigan, Financial Analyst Job Description, Financial Analyst Journal, Financial Analyst Jobs Troy Mi, Financial Analyst Job Outlook, Financial Analyst Jobs Near Me, Financial Analyst Jobs Chicago, Financial Analyst Jobs New York, Financial Analyst Job Interview Questions, Financial Analyst Keywords, Financial Analyst Key Skills, Financial Analyst Kaiser Salary, Financial Analyst Kansas City, Financial Analyst Kpmg, Financial Analyst Knowledge, Financial Analyst Kpi, Financial Analyst Kpmg Salary, Financial Analyst Knoxville Tn, Financial Analyst Kraft Heinz, Financial Analyst Lockheed Martin Salary, Financial Analyst License, Financial Analyst Linkedin, Financial Analyst Los Angeles, Financial Analyst Lockheed Martin, Financial Analyst Linkedin Summary, Financial Analyst Law Firm Salary, Financial Analyst Louisville Ky, Financial Analyst Los Angeles Salary, Financial Analyst Lead, Financial Analyst Michigan, Financial Analyst Major, Financial Analyst Manager Salary, Financial Analyst Median Salary, Financial Analyst Manager, Financial Analyst Meaning, Financial Analyst Mba Salary, Financial Analyst Morgan Stanley, Financial Analyst Merrill Lynch, Financial Analyst Meme, Financial Analyst New York, Financial Analyst Near Me, Financial Analyst Nike, Financial Analyst Northrop Grumman, Financial Analyst Nashville Tn, Financial Analyst Non Profit, Financial Analyst Nestle Salary, Financial Analyst Nyc Salary, Financial Analyst Nike Salary, Financial Analyst New Orleans, Financial Analyst Outlook, Financial Analyst Objective, Financial Analyst Onet, Financial Analyst Oracle, Financial Analyst Objective Statement, Financial Analyst Oil And Gas, Financial Analyst Objective Resume, Financial Analyst Or Accountant, Financial Analyst Online Course, Financial Analyst Orlando, Financial Analyst Positions, Financial Analyst Program, Financial Analyst Pay, Financial Analyst Program Wells Fargo, Financial Analyst Pay Scale, Financial Analyst Position Description, Financial Analyst Phone Interview Questions, Financial Analyst Performance Review, Financial Analyst Parker And Lynch, Financial Analyst Projects, Financial Analyst Qualifications, Financial Analyst Questions, Financial Analyst Qualities, Financial Analyst Questions To Ask, Financial Analyst Quotes, Financial Analyst Qualcomm, Financial Analyst Quiz, Financial Analyst Quicken Loans, Financial Analyst Questions To Ask Interviewer, Financial Analyst Questions And Answers, Financial Analyst Resume, Financial Analyst Requirements, Financial Analyst Responsibilities, Financial Analyst Resume Skills, Financial Analyst Resume Summary, Financial Analyst Resume Objective, Financial Analyst Reddit, Financial Analyst Reports, Financial Analyst Real Estate, Financial Analyst Resume Template, Financial Analyst Salary, Financial Analyst Salary Michigan, Financial Analyst Starting Salary, Financial Analyst Salary Detroit, Financial Analyst Skills, Financial Analyst Salary Ford, Financial Analyst State Of Michigan, Financial Analyst Salary New York, Financial Analyst Salary 2017, Financial Analyst Salary Entry, Financial Analyst Training, Financial Analyst Training Program, Financial Analyst Test, Financial Analyst Tasks, Financial Analyst Trainee, Financial Analyst Telecommute, Financial Analyst Tools, Financial Analyst Terms, Financial Analyst Technical Skills, Financial Analyst Typical Day, Financial Analyst Us Bank Salary, Financial Analyst Ups Salary, Financial Analyst Universal Music Group, Financial Analyst Uber, Financial Analyst Ubs, Financial Analyst University, Financial Analyst Us News, Financial Analyst Uber Salary, Financial Analyst United Airlines, Financial Analyst Uline, Financial Analyst Vs Accountant, Financial Analyst Vs Data Analyst, Financial Analyst Vs Advisor, Financial Analyst Verizon Salary, Financial Analyst Vs Investment Analyst, Financial Analyst Vs Senior Financial Analyst, Financial Analyst V Salary, Financial Analyst Vanguard Salary, Financial Analyst Vs Financial Manager, Financial Analyst Vs Controller, Financial Analyst Wells Fargo Salary, Financial Analyst Work From Home, Financial Analyst Wells Fargo, Financial Analyst What Do They Do, Financial Analyst Work, Financial Analyst Working Conditions, Financial Analyst Wiki, Financial Analyst Washington Dc, Financial Analyst Wall Street, Financial Analyst Walt Disney Salary, Financial Analyst Xilinx, Financial Analyst Xl Dynamics, Financial Analyst Xerox, Financial Analyst Xerox Salary, Financial Analyst Xerox Guatemala, Financial Risk Analyst Xl Dynamics, Senior Financial Analyst Xerox Salary, Spacex Financial Analyst, Financial Analyst Jobs In Xl Dynamics, Financial Analyst Salary At Xl Dynamics, Financial Analyst Yearly Salary, Financial Analyst Youtube, Financial Analyst Yale New Haven, Financial Analyst Yahoo Answers, Financial Analyst York Pa, Financial Analyst Yahoo Salary, Financial Analyst Yahoo, Financial Analyst York Region, Financial Analyst Yukon, Financial Analyst Youngstown Ohio, Financial Analyst Zillow, Financial Analyst Zurich Salary, Financial Analyst Zurich, Financial Analyst Zions Bank Salary, Financial Analyst Za, Chartered Financial Analyst Zimbabwe, Financial Analyst New Zealand, Senior Financial Analyst Zurich, Financial Analyst Jobs Zurich, Financial Operations Analyst Zendesk, Collapse Of The Soviet Union, Collapse Definition, Collapse Synonym, Collapse Game, Collapse Of Communism, Collapse Of The Berlin Wall, Collapse Jared Diamond, Collapse Zeds Dead, Collapse Rows In Excel, Collapse Of The Roman Empire, Collapse Asl, Collapse All Visual Studio, Collapse After The Burial, Collapse After The Burial Lyrics, Collapse And Appear, Collapse Antonym, Collapse All Notepad++, Collapse All Folders Mac, Collapse All Icon, Collapse At The Center, Collapse Book, Collapse Bootstrap, Collapse Blast, Collapse Bob Stroller, Collapse By Eminem, Collapse Band, Collapse Baton, Collapse Board, Collapse Border, Collapsed Bridge, Collapse Cells In Excel, Collapse Columns In Excel, Collapse Css, Collapse Command Stata, Collapse Columns In Google Sheets, Collapse Crunch, Collapse Crossword Clue, Collapse Cells In Google Sheets, Collapse Comic, Collapse Cup, Collapse Definition, Collapse Documentary, Collapse Dolly, Collapse Diamond, Collapse Def, Collapse Define, Collapse Data In Excel, Collapse Dog Crate, Collapse Div, Collapse Data In R, Collapse Eminem, Collapse Excel Rows, Collapse Earthquake, Collapse Expand, Collapse Excel, Collapse Eminem Lyrics, Collapse Expand Icon, Collapse En Espanol, Collapse Excel Columns, Collapse Emails In Outlook, Collapse Film, Collapse Free, Collapse Function Stata, Collapse Full Movie, Collapse Function In R, Collapse Free Download, Collapse Factor Variables Not Allowed, Collapse Fracture, Collapse From Dehydration, Collapse Folders In Outlook, Collapse Game, Collapse Gif, Collapse Gamehouse, Collapse Garden Hose, Collapse Group In Excel, Collapse Google, Collapse Graco Stroller, Collapse Gakuen, Collapse Game Download, Collapse Games Free Download, Collapse How Societies Choose To Fail Or Succeed, Collapse Html, Collapse How Societies Choose To Fail Or Succeed Pdf, Collapse How Societies Choose To Fail Or Succeed Summary, Collapsed Hose, Collapse Hangers, Collapse How Societies Choose To Fail Summary, Collapse Header On Scroll, Collapse How Societies, Collapsed House, Collapse In Spanish, Collapse Icon, Collapse It, Collapse Into Now, Collapse In R, Collapse In A Sentence, Collapse In Excel, Collapse In Stata, Collapse In French, Collapse Industries, Collapse Jared Diamond, Collapse Jared Diamond Pdf, Collapse Jared Diamond Summary, Collapse Jquery, Collapse Journal, Collapse Js, Collapse Json, Collapse Jared Diamond Review, Collapse Json To One Line, Collapse Javascript Code, Collapse Kayak, Collapse Key, Collapse Keyboard Android, Collapse Kennel, Collapse Kidco Peapod, Collapse Keep Stata, Collapsed Knee, Collapse Kong Crate, Collapse Key Firebase, Collapse Kettle, Collapsed Lung, Collapse Lyrics, Collapse List, Collapse Ladder, Collapse Lyrics Counterparts, Collapse List Python, Collapse Lyrics Saosin, Collapse List R, Collapse List Apocalypse, Collapsed Lung Causes, Collapse Meaning, Collapse Movie, Collapse Menu, Collapse Meme, Collapse Medical, Collapse Movie 2013, Collapse Meaning In Urdu, Collapse Meaning In Hindi, Collapse Menu Css, Collapse Mean Stata, Collapse Navbar-collapse, Collapse News, Collapse Noun, Collapse Net, Collapse Navbar Css, Collapse Novel, Collapse Netflix, Collapse Nav Bootstrap, Collapse Not Working Bootstrap, Collapse Navbar On Click, Collapse Of The Soviet Union, Collapse Of Communism, Collapse Of The Berlin Wall, Collapse Of The Roman Empire, Collapse Of Ottoman Empire, Collapse Of The United States, Collapse Of America, Collapse Of Yugoslavia, Collapse Of Parenting, Collapse Of The American Dream, Collapse Pivot Table, Collapse Post Amerika, Collapse Pdf, Collapse Panel Bootstrap, Collapse Puzzle, Collapse Pictures, Collapse Pressure, Collapse Pivot Table Shortcut, Collapse Pc Game, Collapse Pandas Dataframe, Collapse Quotes, Collapse Questions Qualtrics, Collapse Queries Group Access, Collapse Query Cause, Collapse Quantum, Collapse Quantum Mechanics, Collapse Quinny Zapp, Collapse Quick Launch Sharepoint 2013, Collapse Quinny Buzz, Collapse Quotes Jared Diamond, Collapse Rows In Excel, Collapse Reddit, Collapse Rows In Google Sheets, Collapse Rise Against, Collapse R, Collapse Rhyme, Collapse Rows In R, Collapse Rise Against Lyrics, Collapse Razor Scooter, Collapse Rescue, Collapse Synonym, Collapse Stata, Collapse Soviet Union, Collapse Simulator, Collapse Song, Collapse Sinkhole, Collapse Sentence, Collapse Saosin, Collapse Sections In Word, Collapse Summary, Collapse Theory, Collapse Thesaurus, Collapse The Wave Function, Collapse The Light Into Earth, Collapse Table, Collapse Trailer, Collapse The Economy Poem, Collapse Transformations, Collapse Transformations After Effects, Collapse The Game, Collapse Under The Empire, Collapse Ussr, Collapse Ubisoft, Collapse Uppababy Vista, Collapse Unblocked, Collapse Ui, Prolapsed Uterus, Collapse Under Pressure, Collapse Uppababy Cruz, Collapse Ul, Collapse Vancouver Sleep Clinic Lyrics, Collapsed Vein, Collapse Vancouver Sleep Clinic, Collapse Video, Collapse Vs Expand, Collapse Vector Into String R, Collapse Video Game, Collapse Visual Studio, Collapse Vektor Lyrics, Collapse Venezuela, Collapse Wagon, Collapse Wave Function, Collapse Weave, Collapse Wiki, Collapse Word, Collapse War Of Ages, Collapse With Weights Stata, Collapse Wtc, Collapse Wtc 7, Collapse Windows Blender, Collapse Xml In Notepad++, Collapse Xaml Shortcut, Collapse Xray, Collapse Xcode, Collapse Xml In Sublime, Collapse Xml In Visual Studio, Collapse Xml, Collapse Xaml, Collapse X Factor, Collapse Xml Eclipse, Collapse Youtube, Collapse Yahoo Games, Collapse Yugoslavia, Collapse Yao Guai Cave, Collapse Yugioh, Collapse You Are On Your Own, Collapse Youtube Ruppert, Collapse Yii2, Collapse Youtube Michael Ruppert, Collapse Youtube Eminem, Collapse Zeds Dead, Collapse Zeds Dead Lyrics, Collapse Zone, Collapse Zeds Dead Remix, Collapse Zed, Collapse Zeds Dead Soundcloud, Collapse Zombie Movie Trailer, Collapse Zeds Dead Mp3 Download, Collapse Zedd Lyrics, Collapse Zombie Movie, Us Economy News, Us Economy 2017, Us Economy Today, Us Economy Growth, Us Economy After Ww2, Us Economy Type, Us Economy Graph, Us Economy Growth Rate, Us Economy During Ww2, Us Economy After Ww1, Us Economy After Ww2, Us Economy After Ww1, Us Economy Articles, Us Economy April 2017, Us Economy At A Glance, Us Economy After Cold War, Us Economy After Trump, Us Economy After Civil War, Us Economy After Vietnam War, Us Economy Agriculture, Us Economy By Sector, Us Economy By State, Us Economy Before Ww1, Us Economy Bubble, Us Economy Before Ww2, Us Economy By Year, Us Economy Booming, Us Economy Bad, Us Economy By Decade, Us Economy Before And After Obama, Us Economy Collapse, Us Economy Chart, Us Economy Current Events, Us Economy Cold War, Us Economy Capitalism, Us Economy Compared To World, Us Economy Crisis, Us Economy Crash 2008, Us Economy Crashes, Us Economy Collapse 2017, Us Economy During Ww2, Us Economy During Ww1, Us Economy During Cold War, Us Economy Definition, Us Economy During Vietnam War, Us Economy Debt, Us Economy Data, Us Economy During The 1920s, Us Economy During Korean War, Us Economy During War, Us Economy Essay, Us Economy Exports, Us Economy Expansion, Us Economy Explained, Us Economy Early 2000s, Us Economy Employment, Us Economy Etf, Us Economy Events, Us Economy Early 1900s, Us Economy Essay Topics, Us Economy Forecast, Us Economy Facts, Us Economy Future, Us Economy Failing, Us Economy Forecast 2018, Us Economy Free Market, Us Economy Fox News, Us Economy Failing 2017, Us Economy First Quarter, Us Economy Falling, Us Economy Growth, Us Economy Graph, Us Economy Growth Rate, Us Economy Gdp, Us Economy Growth 2017, Us Economy Growing, Us Economy Growth By Year, Us Economy Growth Rate 2017, Us Economy Gdp 2016, Us Economy Gdp 2017, Us Economy History, Us Economy Health, Us Economy History Graph, Us Economy History Timeline, Us Economy Heritage, Us Economy Healthcare, Us Economy Housing Market, Us Economy Historical Growth Rate, Us Economy Health 2017, Us Economy Historical Chart, Us Economy In The 1970s, Us Economy In The 1980s, Us Economy In The 1950s, Us Economy In The 1990s, Us Economy In 1920s, Us Economy In The 1960s, Us Economy Inflation, Us Economy Issues, Us Economy In 2017, Us Economy In 1939, Us Economy Jobs, Us Economy June 2017, Us Economy Jobs Added, Us Economy July 2015, Us Economy June 2015, Us Economy January 2015, Us Economy January 2016, Us Economy Jan 2016, Us Economy Job Creation, Us Economy Jokes, Us Economy Key Indicators, Us Economy Key Figures, Us Economy Kpi, Us Economy Key Facts, Us Economy Korean War, Us Economy Kimberly Amadeo, Us Economy Kiplinger, Us Knowledge Economy, Us Economy Paul Krugman, Us Economy Vs North Korea, Us Economy Last 10 Years, Us Economy Last 100 Years, Us Economy Live, Us Economy League Of Legends, Us Economy Leading Indicators, Us Economy Last 5 Years, Us Economy Late 1800s, Us Economy Latest News, Us Economy Live Chart, Us Economy Long Term Outlook, Us Economy May 2017, Us Economy Map, Us Economy March 2017, Us Economy Mixed, Us Economy Manufacturing, Us Economy Metrics, Us Economy Market, Us Economy Makeup, Us Economy May, Us Economy Minus California, Us Economy News, Us Economy Now, Us Economy News 2017, Us Economy Net Worth, Us Economy Name, Us Economy News Articles, Us Economy Numbers, Us Economy New York Times, Us Economy Next Recession, Us Economy Ny Times, Us Economy Outlook, Us Economy Over Time, Us Economy Overview, Us Economy Outlook 2017, Us Economy Over The Years, Us Economy Over The Last 10 Years, Us Economy Overheating, Us Economy Of The 1980s, Us Economy Oil, Us Economy Obama, Us Economy Post Ww2, Us Economy Predictions, Us Economy Pie Chart, Us Economy Problems, Us Economy Projections, Us Economy Post Ww1, Us Economy Percentages, Us Economy Performance, Us Economy Prediction 2017, Us Economy Post Wwii, Us Economy Q1 2017, Us Economy Quotes, Us Economy Q1, Us Economy Quora, Us Economy Q4 2016, Us Economy Quarterly Growth, Us Economy Quizlet, Us Economy Quiz, Us Economy Quarter 1, Us Economy Q2 2017, Us Economy Ranking, Us Economy Recession, Us Economy Right Now, Us Economy Report, Us Economy Recession 2017, Us Economy Recovery, Us Economy Reddit, Us Economic Recessions, Us Economy Ranking In The World, Us Economy Ranking By State, Us Economy Size, Us Economy Statistics, Us Economy Since Trump, Us Economy Shipping From Gc Tracking, Us Economy System, Us Economy Shipping From Gc, Us Economy Shipping, Us Economy Status, Us Economy Slowing, Us Economy Summary, Us Economy Today, Us Economy Type, Us Economy Timeline, Us Economy Trump, Us Economy Trends, Us Economy Tracker, Us Economy Tracking, Us Economy Trend Graph, Us Economy This Week, Us Economy Trillion, Us Economy Under Trump, Us Economy Under Obama, Us Economy Unemployment, Us Economy Update, Us Economy Up, Us Economy Under Presidents, Us Economy Under Republicans And Democrats, Us Economy Under Obama Chart, Us Economy Under Reagan, Us Economy Under Democrats Vs Republicans, Us Economy Vs World, Us Economy Vs China, Us Economy Value, Us Economy Vs Russia, Us Economy Vietnam War, Us Economy Vs Canada, Us Economy Vs Mexico, Us Economy Vs Europe, Us Economy Vs North Korea, Us Economy Vs France, Us Economy Wiki, Us Economy Ww2, Us Economy Ww1, Us Economy Without Immigrants, Us Economy Weak, Us Economy World Ranking, Us Economy Wsj, Us Economy Will Collapse, Us Economy Will Not Collapse, Us Economy With Trump, Us Economy Youtube, Us Economy Year Over Year, Us Economy Year By Year, Us Economy Yield Curve, Us Economy Yellen, Us Economy Yahoo, Us Economy Yahoo Answers, Us Economy Yahoo News, Us Economy Year 2000, Best Us Economy Years, Us Economy Zero Hedge, Us Zombie Economy, Zerohedge Us Economy

TOP-SECRET: The Velvet Revolution Declassified

Washington, D.C., August 20,  2011 – Fifteen years ago today, a modest, officially sanctioned student demonstration in Prague spontaneously grew into a major outburst of popular revulsion toward the ruling Communist regime. At that point the largest protest in 20 years, the demonstrations helped to spark the Velvet Revolution that brought down communism in Czechoslovakia and put dissident playwright Václav Havel in the Presidential Palace.

The November 17, 1989 march commemorated a student leader, Jan Opletal, who was killed by Nazi occupiers 50 years before, but quickly took on a starkly anti-regime character with calls of “Jakeš into the wastebasket,” referring to the communist party general secretary, and demands for free elections. The authorities used blunt force to disperse the students, injuring scores of people including several foreign journalists. Hundreds were arrested.

The result was more demonstrations over the next three days that completely exposed the bankruptcy of the regime. Czechoslovakia’s Velvet Revolution soon joined the historic chain of events begun with Poland’s roundtable talks and elections, Hungary’s reintroduction of a multi-party system, and just a week before the Prague protests, the collapse of the Berlin Wall.

Now a new joint English-Czech edition volume has been published in Prague which tells the extraordinary tale of the revolution. The volume is entitled Prague-Washington-Prague: Reports from the United States Embassy in Czechoslovakia, November-December 1989. What sets this volume apart from other accounts is that it is a compilation of recently declassified U.S. State Department cable traffic from the period. Released in response to a Freedom of Information Act request by the non-governmental National Security Archive, the cables not only provide quite accurate reporting of the unfolding events but offer insights into U.S. thinking at the time, including how the first demonstrations on this date in 1989 completely surprised American officials and forced them to dramatically revise their estimates on the survivability of the Communist regime in Prague.

Of particular note, this new volume is the first publication of the Václav Havel Library, which is still in the process of being formed. (Its website, currently being developed, offers further information about the book.)

The book’s editor, Vilém Precan, is a long-time partner of the National Security Archive who has been instrumental in bringing new documentation to light and organizing international conferences on the hidden history of Czechoslovakia and the Cold War. As indicated by Radio Prague, the international service of Czech Radio, Dr. Precan “worked untiringly with the National Security Archive … to have the documents released.”

From the book’s Introduction: “It is unusual for documents related to diplomacy to be published so soon after their having been written … That the set of documents published in this volume got into the hands of independent historians so soon after their having originated is thanks to an American nongovernmental institution with a name that will probably mean little to the layman and might even be confusing. That institution is the National Security Archive. It was established to gather and publish documents that have been declassified on the basis of the U.S. Freedom of Information Act (FOIA) …. The [Archive] has been more than successful in achieving this aim.”

From Vilém Precan’s Acknowledgements: “This volume is the result of the work of many people, whom I as Editor now wish to thank. First and foremost I express my gratitude to my friends and colleagues at the National Security Archive in Washington D.C.: Tom Blanton, Catherine Nielsen, Svetlana Savranskaya, and Sue Bechtel, owing to whose efforts the telegrams were made available to independent researchers and were passed on to Prague, and who were of great assistance to me while I was working in Washington. ”

Note about the book cover: Václav Bartuska, the director of the Havel Library, made the following comment: The photograph “is from the meeting where the transition of power from commies to Civic Forum was discussed … The back of the man you see at the bottom of the picture belongs to … guess whom … I liked this idea of having Václav Havel there right at the centre of all things, yet not visible at first. I think this had been his place for a long time.”

Why was the revolution non-violent? One of the many subplots of the new compilation is the fact that, despite the authorities’ initial use of force to break up the November demonstrations, the Velvet Revolution and similar events in other East European states (with the notable exception of Romania) were allowed to take place without Moscow resorting to bloody repression to keep its clients in power. An earlier National Security Archive Electronic Briefing Book from 1999 also explores this topic in some detail, drawing on declassified records from a range of Russian and East European archives.

The spontaneous eruption of student protests in Prague instantly recalled to the minds of U.S. embassy staff (as indicated in cables included in this briefing book) earlier demonstrations in Eastern Europe, such as in Hungary in 1956 and in Czechoslovakia on the first anniversary of the Soviet invasion of 1968. In that context, readers should note that some of the materials in the new Havel Library volume are also to become part of an acclaimed book series published by Central European University Press under the rubric, The National Security Archive Cold War Reader Series. This series comprises volumes of once-secret documentation from the former Soviet bloc and the West on each of the major upheavals in Eastern Europe during the Cold War. The series will feature a special emphasis on the revolutions of 1989 with separate volumes on Czechoslovakia, Hungary and Poland. Titles already in print or at the publishers include:

The Prague Spring 1968, edited by Járomír Navrátil et al (1998)
“I am happy that the cooperation between the National Security Archive in Washington and the Czech foundation, Prague Spring 1968, has resulted in this voluminous collection of documents.” Václav Havel

Uprising in East Germany, 1953, edited by Christian Ostermann (2001)
“This excellent collection of documents pulls together what’s been learned about [the uprising] since the Cold War … It is an indispensable new source for the study of Cold War history.”John Lewis Gaddis

The Hungarian Revolution of 1956, edited by Csaba Békés, Malcolm Byrne and János Rainer (2002)
“There is no publication, in any language, that would even approach the thoroughness, reliability, and novelty of this monumental work.”István Deák

A Cardboard Castle? An Inside History of the Warsaw Pact, 1955-1991, edited by Vojtech Mastny and Malcolm Byrne (Forthcoming, 2005)


Documents
Note: The following documents are in PDF format.
You will need to download and install the free
Adobe Acrobat Reader to view.
Document No. 1: Confidential Cable #08082 from U.S. Embassy Prague to the Department, “Brutal Suppression of Czech Students’ Demonstration,” November 18, 1989, 14:18Z
Source: Freedom of Information Act

Document No. 2: Unclassified Cable #08087 from U.S. Embassy Prague to the Department, “Embassy Protest of Attack on American Journalists during November 17-19 Demonstrations in Prague,” November 20, 1989, 12:20Z
Source: Freedom of Information Act

Document No. 3: Confidential Cable #08097 from U.S. Embassy Prague to the Department, “Demonstrations Continue Over Weekend in Prague,” November 20, 1989, 12:42Z
Source: Freedom of Information Act

Document No. 4: Unclassified Cable #08106 from U.S. Embassy Prague to the Department, “Czechoslovak Press Coverage of Demonstration Aftermath Shows Contradictory Lines,” November 20, 1989, 16:48Z
Source: Freedom of Information Act

Document No. 5: Limited Official Use Cable from U.S. Embassy Prague to the Department, “Czechoslovak Independents Establish New Organization and List Agenda of Demands,” November 20, 1989, 16:52Z
Source: Freedom of Information Act

Document No. 6: Confidential Cable #08109 from U.S. Embassy Prague to the Department, “American Woman’s Account of November 17 Demonstration and the Death of a Czech Student,” November 20, 1989, 16:54Z
Source: Freedom of Information Act

Document No. 7: Confidential Cable #08110 from U.S. Embassy Prague to the Department, “Popular and Soviet Pressure for Reform Converge on the Jakes Leadership,” November 20, 1989, 16:57Z
Source: Freedom of Information Act

Document No. 8: Confidential Cable #08144 from U.S. Embassy Prague to the Department, “Demonstrations in Prague and Other Czechoslovak Cities November 20,” November 21, 1989, 15:20Z
Source: Freedom of Information Act

Document No. 9: Confidential Cable #08153 from U.S. Embassy Prague to the Department, “Student Strike Situation Report,” November 21, 1989, 18:59Z
Source: Freedom of Information Act

Document No. 10: Confidential Cable #08155 from U.S. Embassy Prague to the Department, “Morning Demonstration at Wenceslas Square: Overheard Conversations,” November 21, 1989, 19:01Z
Source: Freedom of Information Act

Contents of this website Copyright 1995-2004 National Security Archive. All rights r

TOP-SECRET: The Velvet Revolution Declassified

Washington, D.C., August 18, 2011 – Fifteen years ago today, a modest, officially sanctioned student demonstration in Prague spontaneously grew into a major outburst of popular revulsion toward the ruling Communist regime. At that point the largest protest in 20 years, the demonstrations helped to spark the Velvet Revolution that brought down communism in Czechoslovakia and put dissident playwright Václav Havel in the Presidential Palace.

The November 17, 1989 march commemorated a student leader, Jan Opletal, who was killed by Nazi occupiers 50 years before, but quickly took on a starkly anti-regime character with calls of “Jakeš into the wastebasket,” referring to the communist party general secretary, and demands for free elections. The authorities used blunt force to disperse the students, injuring scores of people including several foreign journalists. Hundreds were arrested.

The result was more demonstrations over the next three days that completely exposed the bankruptcy of the regime. Czechoslovakia’s Velvet Revolution soon joined the historic chain of events begun with Poland’s roundtable talks and elections, Hungary’s reintroduction of a multi-party system, and just a week before the Prague protests, the collapse of the Berlin Wall.

Now a new joint English-Czech edition volume has been published in Prague which tells the extraordinary tale of the revolution. The volume is entitled Prague-Washington-Prague: Reports from the United States Embassy in Czechoslovakia, November-December 1989. What sets this volume apart from other accounts is that it is a compilation of recently declassified U.S. State Department cable traffic from the period. Released in response to a Freedom of Information Act request by the non-governmental National Security Archive, the cables not only provide quite accurate reporting of the unfolding events but offer insights into U.S. thinking at the time, including how the first demonstrations on this date in 1989 completely surprised American officials and forced them to dramatically revise their estimates on the survivability of the Communist regime in Prague.

Of particular note, this new volume is the first publication of the Václav Havel Library, which is still in the process of being formed. (Its website, currently being developed, offers further information about the book.)

The book’s editor, Vilém Precan, is a long-time partner of the National Security Archive who has been instrumental in bringing new documentation to light and organizing international conferences on the hidden history of Czechoslovakia and the Cold War. As indicated by Radio Prague, the international service of Czech Radio, Dr. Precan “worked untiringly with the National Security Archive … to have the documents released.”

From the book’s Introduction: “It is unusual for documents related to diplomacy to be published so soon after their having been written … That the set of documents published in this volume got into the hands of independent historians so soon after their having originated is thanks to an American nongovernmental institution with a name that will probably mean little to the layman and might even be confusing. That institution is the National Security Archive. It was established to gather and publish documents that have been declassified on the basis of the U.S. Freedom of Information Act (FOIA) …. The [Archive] has been more than successful in achieving this aim.”

From Vilém Precan’s Acknowledgements: “This volume is the result of the work of many people, whom I as Editor now wish to thank. First and foremost I express my gratitude to my friends and colleagues at the National Security Archive in Washington D.C.: Tom Blanton, Catherine Nielsen, Svetlana Savranskaya, and Sue Bechtel, owing to whose efforts the telegrams were made available to independent researchers and were passed on to Prague, and who were of great assistance to me while I was working in Washington. ”

Note about the book cover: Václav Bartuska, the director of the Havel Library, made the following comment: The photograph “is from the meeting where the transition of power from commies to Civic Forum was discussed … The back of the man you see at the bottom of the picture belongs to … guess whom … I liked this idea of having Václav Havel there right at the centre of all things, yet not visible at first. I think this had been his place for a long time.”

Why was the revolution non-violent? One of the many subplots of the new compilation is the fact that, despite the authorities’ initial use of force to break up the November demonstrations, the Velvet Revolution and similar events in other East European states (with the notable exception of Romania) were allowed to take place without Moscow resorting to bloody repression to keep its clients in power. An earlier National Security Archive Electronic Briefing Book from 1999 also explores this topic in some detail, drawing on declassified records from a range of Russian and East European archives.

The spontaneous eruption of student protests in Prague instantly recalled to the minds of U.S. embassy staff (as indicated in cables included in this briefing book) earlier demonstrations in Eastern Europe, such as in Hungary in 1956 and in Czechoslovakia on the first anniversary of the Soviet invasion of 1968. In that context, readers should note that some of the materials in the new Havel Library volume are also to become part of an acclaimed book series published by Central European University Press under the rubric, The National Security Archive Cold War Reader Series. This series comprises volumes of once-secret documentation from the former Soviet bloc and the West on each of the major upheavals in Eastern Europe during the Cold War. The series will feature a special emphasis on the revolutions of 1989 with separate volumes on Czechoslovakia, Hungary and Poland. Titles already in print or at the publishers include:

The Prague Spring 1968, edited by Járomír Navrátil et al (1998)
“I am happy that the cooperation between the National Security Archive in Washington and the Czech foundation, Prague Spring 1968, has resulted in this voluminous collection of documents.” Václav Havel

Uprising in East Germany, 1953, edited by Christian Ostermann (2001)
“This excellent collection of documents pulls together what’s been learned about [the uprising] since the Cold War … It is an indispensable new source for the study of Cold War history.”John Lewis Gaddis

The Hungarian Revolution of 1956, edited by Csaba Békés, Malcolm Byrne and János Rainer (2002)
“There is no publication, in any language, that would even approach the thoroughness, reliability, and novelty of this monumental work.”István Deák

A Cardboard Castle? An Inside History of the Warsaw Pact, 1955-1991, edited by Vojtech Mastny and Malcolm Byrne (Forthcoming, 2005)


Documents
Note: The following documents are in PDF format.
You will need to download and install the free Adobe Acrobat Reader to view.
Document No. 1: Confidential Cable #08082 from U.S. Embassy Prague to the Department, “Brutal Suppression of Czech Students’ Demonstration,” November 18, 1989, 14:18Z
Source: Freedom of Information Act

Document No. 2: Unclassified Cable #08087 from U.S. Embassy Prague to the Department, “Embassy Protest of Attack on American Journalists during November 17-19 Demonstrations in Prague,” November 20, 1989, 12:20Z
Source: Freedom of Information Act

Document No. 3: Confidential Cable #08097 from U.S. Embassy Prague to the Department, “Demonstrations Continue Over Weekend in Prague,” November 20, 1989, 12:42Z
Source: Freedom of Information Act

Document No. 4: Unclassified Cable #08106 from U.S. Embassy Prague to the Department, “Czechoslovak Press Coverage of Demonstration Aftermath Shows Contradictory Lines,” November 20, 1989, 16:48Z
Source: Freedom of Information Act

Document No. 5: Limited Official Use Cable from U.S. Embassy Prague to the Department, “Czechoslovak Independents Establish New Organization and List Agenda of Demands,” November 20, 1989, 16:52Z
Source: Freedom of Information Act

Document No. 6: Confidential Cable #08109 from U.S. Embassy Prague to the Department, “American Woman’s Account of November 17 Demonstration and the Death of a Czech Student,” November 20, 1989, 16:54Z
Source: Freedom of Information Act

Document No. 7: Confidential Cable #08110 from U.S. Embassy Prague to the Department, “Popular and Soviet Pressure for Reform Converge on the Jakes Leadership,” November 20, 1989, 16:57Z
Source: Freedom of Information Act

Document No. 8: Confidential Cable #08144 from U.S. Embassy Prague to the Department, “Demonstrations in Prague and Other Czechoslovak Cities November 20,” November 21, 1989, 15:20Z
Source: Freedom of Information Act

Document No. 9: Confidential Cable #08153 from U.S. Embassy Prague to the Department, “Student Strike Situation Report,” November 21, 1989, 18:59Z
Source: Freedom of Information Act

Document No. 10: Confidential Cable #08155 from U.S. Embassy Prague to the Department, “Morning Demonstration at Wenceslas Square: Overheard Conversations,” November 21, 1989, 19:01Z
Source: Freedom of Information Act

home | about | documents | new