posted on Dec, 6 2013 @ 09:17 PM
For US citizens, the US dollar is a unit of debt plus interest. Every dollar you own is value owed by someone else plus interest. Debt can best be
described as having access to tomorrow's money today. The interest represents a portion of tomorrow's money in order to have access to it today. Re:
Time value of money.
For foreign nations, the dollar represents the capacity to purchase oil and gas. Since through OPEC, the US dollar is the only means by which oil can
be purchased from OPEC, it behooves foreign countries to buy US dollars and debt in order to secure their short term energy needs by purchasing oil
and gas from OPEC. I say short term because through the structure of the US dollar, tomorrows dollar will always be worth less than today's dollar.
This is known as the petrodollar and represents to sole reason for the Iraq war in 1991 and 2003 as well as the Libyan civil war in 2011 and the hate
for Venezuela. Iraq invaded Kuwait in 1991, upsetting the balance of OPEC and could have threatened a breakup of OPEC. In 2001, Saddam wanted to
sell oil in Euros. The UN said "yeah that's fine, we see no reason why you can't". Saddam in 2002 was looking for buyers, 2003 he gets invaded on
trumped up charges. In Libya, Qaddafi wanted to only sell his oil for Gold. The gold dinar was supposed to be Libya's new currency. Since it
threatened the security of the petrodollar he was removed. The US hates Venezuela because they nationalized their oil assets in the form of a
nationally owned company called "PDVSA". Basically any money from oil they sell goes straight to the country/people rather than some multinational
corporation like Exxon-Mobil or Royal Dutch Shell.
So from a currency perspective (money is different than currency) it is quite literally someone else's debt plus interest. Since the current supply
of dollars can never pay back all the debt because the interest is attached, the issuance of more dollars over time is inevitable. It's a slow
lumbering currency designed specifically to eventually ruin an economy over time. Oh yeah, the interest can best be described as a US citizen's
ability to work in the future. Your future taxes are literally the collateral used for US Dollar currency issuance.
From an international perspective, ownership of dollars represents capacity to purchase energy. As such, that's the closest to real money the dollar
will ever get right now.
edit on 6-12-2013 by Galvatron because: (no reason given)