Actually I think it's elegant in a way, but as we are seeing now the petro-dollar is bad for business long term. It doesn't help that the federal reserve has been abusing it... The really smart guys need to come up with a way for us to transition to the next thing instead of continuing to militarily force the petro-dollar on the world. That tactic is backfiring.Scary.
So true, I have known of the petro dollar for years. I have yet to meet someone face to face that does. SHEEPLE.
This is just dumb. beyond dumb. Let me burst your ron paul bubbles.
A gold standard is price fixing. To maintain value of gold compared to a federal reserve note, you'll end up with MORE not less government intervention in the markets than you would with responsible management of a fiat money system.
This is why Bretton Wood's collapsed.
2nd, assuming the allegations are true and they have a quazi oil backed USD. Why would having an oil standard not be ok, (something with a currency value much more closely related it's actual utility, vs gold which has no real utility, unless you think giving babe's gold will get you laid and a small application value in super conductors. But I digress.
This is in a nut shell crap.
You are sooo smart. Please teach me how to live.....
This place is always good for a laugh.
This is my kind of thread.
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Not ridicule, just one big friggen mess, one big game of BLINK...... with no winners, only losers
Well I'd say that we were winners for the first few decades at least. What I find interesting is that it shouldn't be this hush-hush don't talk to the public about it, sort of thing. There's nothing wrong with openly stating that the international value of our dollar is largely based on defense agreements with nations that promise to trade oil only in dollars. The problem with it is that it forces us to be a bit of a bully and meddle in foreign affairs that we would normally have no business in. The problem is compounded by the fact that the federal reserve mismanages our currency and acts like the petro-dollar will never come to an end.one big game of BLINK...... with no winners, only losers
I knew you'd like it, out of everyone. I see you get the "Tin foil" stamp all of the time. Hahaha.
Sounds like you and people who know that the principals in this video are true, are on the same page. "assuming the allegations are true"... To be open to an assumption that they are true, for the sake of your next point, shows that you haven't taken any time to actually inform yourself as to wether they ARE true or aren't. I say, do a bit of research. The things this man is talking about in the video isn't fake conspiracy stuff. It's the real way of how the system he talks about, works. I can see that you would disagree on the future of this scam and wether or not a huge war would start cause of it, but the facts are simply that. You are absolutely wrong about it being, "nut shell crap". You will find that you are, if you just inform yourself. This is all standard stuff, most of us on this board have known for years.