Re: Oil....Oil!
....but B says that get some dollars from C ....
I get what you mean, but why does B ask A to get some dollars from C. Why can't A pay in its own currency or that of B? Looks like they don't have any confidence in each other's currencies but they do in C's.
Also, printing a lot of dollars is a bad idea for C. They might benefit in the short run, but in the long run they will be out on their asses.
Re: Oil....Oil!
I get what you mean, but why does B ask A to get some dollars from C. Why can't A pay in its own currency or that of B? Looks like they don't have any confidence in each other's currencies but they do in C's.
Also, printing a lot of dollars is a bad idea for C. They might benefit in the short run, but in the long run they will be out on their asses.
The dollar used to be backed by gold, until 40 years ago when they realised they had more dollars then gold, and could not pay in gold for all the dollars they had printed to finance their war machine. Now it is just a piece of paper. They reason it is still used is because it is in the US national interest and the US is a sole superpower. Might is right.
Re: Oil…Oil!
I hope you do realize superpower does not mean merely military might. Its economic might is just as real and powerful. Even if we go by the narrow definition that oil is key to the world economy, the US is the largest ( if not one of the largest ) oil producing country in the world ( (http://www.bloomberg.com/news/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.html) ).
Re: Oil…Oil!
I hope that you realise that if you get enough free money from the world then any country can become a military and economic power over a period of time. After WW2 Europe was destroyed and the US stepped in to fill the vacuum and to put in place a system that allowed it to plunder the wealth of other nations in a subtle way.
Re: Oil....Oil!
I hope that you realise that if you get enough free money from the world then any country can become a military and economic power over a period of time. After WW2 Europe was destroyed and the US stepped in to fill the vacuum and to put in place a system that allowed it to plunder the wealth of other nations in a subtle way.
so what is stopping other countries to print a lot of their money and become superpowers?
Re: Oil....Oil!
so what is stopping other countries to print a lot of their money and become superpowers?
Because they don't have the military might to impose on others that oil is sold only in their own currency.
Re: Oil....Oil!
Because they don't have the military might to impose on others that oil is sold only in dollars.
Riiiighhhtt!!!
Re: Oil....Oil!
Because they don't have the military might to impose on others that oil is sold only in their own currency.
come on arshad....
anyway, we are not debating your logic...it is econ 101...yes US is befitting from its dollar currency but it is what it is.....what do you want to do? saudi stops selling oil in the market to hurt USA? kuwait starts demanding dinar instead of US dollar? it is what it is and one needs to accept ground realities and make best use of it until circumstances become more favorable
and speaking of military might, russia definitely matches usa might...nuke for nuke, bomb for bomb, submarine for submarine, solider for solider
and china is no baby either...do you really think china and russia cannot trade oil and gas in yuan?
Re: Oil....Oil!
come on arshad....
anyway, we are not debating your logic...it is econ 101...yes US is befitting from its dollar currency but it is what it is.....what do you want to do? saudi stops selling oil in the market to hurt USA? kuwait starts demanding dinar instead of US dollar? it is what it is and one needs to accept ground realities and make best use of it until circumstances become more favorable
and speaking of military might, russia definitely matches usa might...nuke for nuke, bomb for bomb, submarine for submarine, solider for solider
and china is no baby either...do you really think china and russia cannot trade oil and gas in yuan?
Now that you mentioned it, it would make more sense to sell the oil in Riyal.
True Russia and China are formidable powers with which US would not want confrontation with. However in the US block you also have EEC, Nato, Israel, Jordan, Egypt, Qatar, Saudi Arabia, Canada, Australia, Japan, South Korea, Phillipines, New Zealand, India.
Russia, China, Syria, Iran stand in another block.
Many other countries are non aligned.
US consists of less than 5% of the world population and consumes more than 25% of the worlds resources which is made possible by dollar
hegemony.
US national debt is $17 trillion dollars and rising, which is £55,000 per person. This is only made possible through dollar hegemony.
Re: Oil....Oil!
OK...this thread got so dense....so let me share something light and interesting which is somewhat relevant to the topic...now you can say hey PD you are bul****ting and making it up but that is what happened to me last night!!!
I am vacationing on a small island somewhere in south east Asia (last day and need to get back to work this monday.....depression!) .... i got into a tuk-tuk last night to get back to my hotel. The driver was a young boy who started talking to me....typical questions: where are you from blah blah... i told him that i am from Pakistan....and he immediately said salam alaikum.
He turned out to be a muslim boy...i didnt expect to bump into a Muslim boy @ 2AM on a small island ! We exchanged salams and he immediately reduced my fair by 20% (awesome... see the muslim community concept does work!). The next question from him: so is bin laden dead? and i said yes he is.
He was visibly disappointed and asked me again if i am sure... i said i am 100% sure that laden is dead and asked him why? he said that he thinks that bin laden is alive and that Americans are bul-*ting.....i just took a deep sigh..looks like this conspiracy theory mindset is a common denominator in every muslim! anyway i told him that most likely Americans are not bul*ting this time and that bin-laaden is indeed dead.
I then asked him if he likes USA...he immediately said No and declared in a strong tone that USA is bad, It wants oil and this whole war on terrorism plus Afghanistan and iraq wars were all about oil.................USA wants more and more oil!
and i immediately thought about this thread... it is all about oil and my muslim tuk tuk driver friend confirmed it as well @ 2 AM last nite!!!
do we need any other proof...............
Re: Oil....Oil!
As weird as it sounds, there is wisdom and benefit to controlling prices.....
Wisdom of Halliburton. Benefit to the royal families.
Long live freedom, liberty and pursuit of happiness.
Re: Oil....Oil!
As for the BS about regime change for trying to move away from USD, its just fluff. A misdirection to make people not think about real problems, like basic freedoms.
bahahaha.... oops, right!
Re: Oil....Oil!
OK...this thread got so dense....so let me share something light and interesting which is somewhat relevant to the topic...now you can say hey PD you are bul****ting and making it up but that is what happened to me last night!!!
I am vacationing on a small island somewhere in south east Asia (last day and need to get back to work this monday.....depression!) .... i got into a tuk-tuk last night to get back to my hotel. The driver was a young boy who started talking to me....typical questions: where are you from blah blah... i told him that i am from Pakistan....and he immediately said salam alaikum.
He turned out to be a muslim boy...i didnt expect to bump into a Muslim boy @ 2AM on a small island ! We exchanged salams and he immediately reduced my fair by 20% (awesome... see the muslim community concept does work!). The next question from him: so is bin laden dead? and i said yes he is.
He was visibly disappointed and asked me again if i am sure... i said i am 100% sure that laden is dead and asked him why? he said that he thinks that bin laden is alive and that Americans are bul-*ting.....i just took a deep sigh..looks like this conspiracy theory mindset is a common denominator in every muslim! anyway i told him that most likely Americans are not bul*ting this time and that bin-laaden is indeed dead.
I then asked him if he likes USA...he immediately said No and declared in a strong tone that USA is bad, It wants oil and this whole war on terrorism plus Afghanistan and iraq wars were all about oil.................USA wants more and more oil!
and i immediately thought about this thread... it is all about oil and my muslim tuk tuk driver friend confirmed it as well @ 2 AM last nite!!!
do we need any other proof...............
You are saying that muslims are ignorant and believe in conspiracy theories, and you yourself are very intelligent and progress and hence you don't.
You failed to take into account what was discussed beforehand, which did not suit your viewpoint. You also failed to take into account that before any "ignorant" muslim picked up on the importance of oil to US it was westerner writers and intellects that highlighted this issue.