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The Voice (issue 264 -) ran an article beginning, ' Iran has really gone and done it now. No, they haven't sent their first nuclear sub in to the Persian Gulf . They are about to launch something much more deadly -- next week the Iran Bourse will open to trade oil, not n dollars but in Euros' This apparently insignificant event has consequences far greater for the US people, indeed all for us all, than is imaginable.
Currently almost all oil buying and selling is in US-dollars through exchanges in London and New York . It is not accidental they are both US-owned.
The Wall Street crash in 1929 sparked off global depression and World War II. During that war the US supplied provisions and munitions to all its allies, refusing currency and demanding gold payments in exchange..
By 1945, 80% of the world's gold was sitting in US vaults. The dollar became the one undisputed global reserve currency -- it was treated world-wide as `safer than gold'. The Bretton Woods agreement was established.
The US took full advantage over the next decades and printed dollars like there was no tomorrow. The US exported many mountains of dollars, paying for ever-increasing amounts of commodities, tax cuts for the rich, many wars abroad, mercenaries, spies and politicians the world over. You see, this did not affect inflation at home! The US got it all for free! Well, maybe for a forest or two.
Originally posted by praxis
Originally posted by TeddiRevolution
Your little spiel had nothing to do with what he said. They can charge us more now, that's it. Take your sensationalism somewhere else.
Also, don't generalize the citizens of this country, just because you live here doesn't mean you speak for "we". I sure as Hell am no junkie pig who gets off on war, speak for yourself next time.
If you support the government's program of Perpetual War For Perpetual Peace, you are part of the problem. If you are not in the streets protesting or on the 'net protesting, you support this policy by your failure to act.
We have not had a legitimate government for a very long time.
Originally posted by SpacePunk
The way that I see it, the world can do what it wants. All the United States has to do is recall it's troops, shut down it's overseas bases, and end all foreign aid. Ending foreign aid would teach the world who really runs the show, and recalling all forces stationed elsewhere would let them know that they are on their own. Further actions would be to send all h1b visa workers directly to their home countries.
Which is why I said this will result in a complete depegging of the dollar form Saudi oil.
As I mentioned, I am still trying to sort out the implications and connections with this move.
Originally posted by Zosynspiracy
reply to post by Rockpuck
Well you sir can send your sons and daughters off to die for such a stupid justification. I refuse. I mean my god........the sad thing is there are other Americans sharing your same twisted argument of dollar hegemony. Pathetic. A country doesn't survive by killing people who don't want to play their game..........they survive by taking care of their own, innovating, adapting, living within their means i.e. DISCIPLINE! America has lost all discipline..........we have turned into 'junkies' and gluttonous pigs.
Originally posted by Zosynspiracy
reply to post by TeddiRevolution
I'm sure you live in excess like most gluttonous junkie pigs thirsty for their Ipods, Monday night football and latest and greatest gadgets and widgets no? Most Americans do........I am guilty of it myself and so are you. At least I have the balls to realize it and admit it. Will you?