Originally posted by jackinthebox
How do you weaken the dollar then? Flood the market with cheaper oil traded in a different currency.
The easiest way to devalue a currency is to print more of it. Get more of it into circulation and its value decreases. The more money in circulation
is the true meaning of inflation and has nothing to do with rising prices.
Rising prices are to do with the stock markets and the like. A single small rumour can blow prices to rock bottom or sky high within hours of the
rumour spreading.
A war in an oil rich country will give the markets a boost. To the ordinary citizen, this boost is not beneficial due to the prices at the pump, but
those who do the buying and selling of an owned stock are the winners (including the bankers and governments)
So what's going on with the dollar and oil prices? Please if you get a few minutes, check my thread,
Iraq pays debt with $360m dollars - cash As I've gone a bit deeper into a possible
cause of all this.
Basically, the US government has deliberately devalued the dollar by forcing the fed reserve to print more money. This may have been achieved by two
methods. First method is to ask for billions of dollars to fund the 'war on terrorism'...and keep asking for more. They have literally bled the
country dry and spent all this money in securing the Iraqi oil fields, building a super-sized re-inforced embassy and many military installations
inside Iraq. What they've really done is moved all these billions to Iraq, devaluing th dollar and the fed has to print more, devaluing it
further.
Second method is to get the markets to have a nervous flutter over oil (this is caused by a war in an oil rich country), next, you use some propganda
and scare mongering to worry the world about oil stocks whilst your building and securing Iraqi oil fields.
The US governments friendly Saud Arabians then step in (after the price has risen a bit) and offer to produce 200,000 more barrels a day, but the
world asks for 1.5 million barrels a day to reduce oil prices.
But where is this shortage? where are the queues at petrol stations? where is the panic buying?
How has Iraq paid $360 million in cash to Bulgaria?
In my thinking, this can only be achieved by Iraq selling oil, PRIVATELY, behind everyones back, at todays increased prices. That's why Saudi Arabia
will not increase output. That's why Iraq just had a $7bn debt wiped clean. That's why America does not want to leave Iraq.
A further war with Iran will push up oil prices even further. Iraq will get richer as it continues to secretly sell its oil.
Again, my thread has further details on the payment Iraq has just made to Bulgaria and more thoughts on this process.
