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And to the point: with such a free ride for so long, the US has squandered opportunities.
Tell me how many of your 300 million people have seen that wealth?
If the system is so great for the US why are other currencies valued higher than the dollar?
“The dollar will become stronger and stronger, despite Trump’s efforts to keep it weak,” said Taylor, who runs Taylor Global Vision, which produces a newsletter on financial markets. “The Fed will keep tightening and the worsening deficits will keep Treasury supply increasing,” which will keep U.S. yields attractive to international investors, supporting the greenback.
Oil, of course, has been mentioned frequently — Libya is Africa‘s largest oil producer. But one possible reason in particular for Gadhafi’s fall from grace has gained significant traction among analysts and segments of the non-Western media: central banking and the global monetary system. According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit. And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan.
While Riyadh issued a statement affirming that the two leaders conducted a phone call regarding oil, Saudi Arabia did not confirm the figure of 2 million barrels per day that Trump cited. The reality that many in the US might not want to hear is that when it comes to the numbers,Saudi officials will not be confirming a final figure with the United States but with Russia.
Indeed it is a new Russo-Saudi partnership in the form of OPEC+ that has much of the world over a barrel (of oil). Ultimately, this new partnership between the Wahhabi Kingdom and the Russian superpower will be good for geoeconomic and geopolitical multipolarity as it fundamentally alters which set of nations has the final say on the manipulation of energy prices.
To understand the significance of these new developments, one must remember that in 2014, the far-right US Senator John McCain called Russia “a gas station masquerading as a country”. The elderly McCain may be living to regret these words as it is now Russia’s petro-economy that gives Moscow the ability to leverage the US and its partners with almost the same capacity as the Chinese economic titan. China and Russia – two superpowers with very difference leverage techniques against US threats
You are correct. But that has to do with a 20 trillion dollar deficit. A burden that was placed on the US by globalist policies.
Fighting wars, big tax cuts and economic stimulus packages have all added to the debt burden