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Discussion in 'Off-Topic Chat' started by JColumbus, Sep 16, 2013.
So true, I have known of the petro dollar for years. I have yet to meet someone face to face that does. SHEEPLE.
Same here. I've known for about 5 years but realized my wife didn't during a discussion last night. Apparently I didn't do so well at teaching her so I showed her this video. Figured members on here need to see it.
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.
This is my kind of thread.
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You are sooo smart. Please teach me how to live.....
This place is always good for a laugh.
Kind of makes ya wonder don't it.
So my 401k is screwed.....
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.