posted on Feb, 4 2004 @ 11:53 PM
yeah but why can't the US do the same things to the enemy that you say they will do to the US?
Because no one needs oil more than us, and no one has as much exteral debt as us.
Since the dollar is backed by debt, not value it is a vehicle of debt transfer, not value transfer.
All of the dollar outside America are debt too.
The world can stop us in a day, if they chose.
All they need to do is put their bonds, and dollars on the market, and the dollar will be destroyed. The government will not be able to afford a
pea-shooter, let alone cruise missiles, and jets.
The biggest threat to America is the weight of our debt.
China alone holds enough Bonds, and dollars to create a snowball effect in the markets if they sell their holdings.
I understand it would not be good for them, but it is a better option than allowing America to finance an attack on them with their own capital.