petro economics iran & the us posturing

Hypnospin

per the attached link, so to sum it up, the real threat from iran, south america, "emerging nations" (and the previous iraq) is their desire control their own resources and even possibly to trade in euros, thus challenging the militarily enforced superiority of the us dollar economy, along with puppet organizations such as the wto, imf, g-10, and world bank.

this would flood the us with their own dollars, creating hyperinflation.

a total of approx. 68% (up from 50% pre-bush) of the us currency is held by nations such as china, saudi arabia and japan.

if they trade predominantely in euros the us domineering of the world trade would cease.

this will burst the bubble of the pyramid scheme that is the us global economy.

the us then would not even be able to fund it's own military, and the house of cards built of us dollars and banking on the brink would tumble.

www.energybulletin.net/7707.html

this is the true primary reason behind the us constantly expanding military spending and it's resultant menacing threats and actions, all the hyperbole about security, freedom, "stability in the region", promoting democracy and the like is all a smokescreen that is wearing thin...

it is not too late to establish economic changes to prevent the constant concern to the us of economic collapse, it will take true courage, innovation, diplomacy and policy changes not force though.

this is not a partisan issue, only a matter of stomaching the underlying facts as they exist.

the days of the us policy of subjecting the world to the constant threats of military invasion to support the superiority of it's economy must be recognized, challenged, and reworked to a peaceful transition from dominance to coexistence if we are to have a chance at progress towards global peace, human rights, and true freedom.

what say you?

Wurm

I say you hit it on the head, however I might add that trying to secure their hegemony of the world economy will require the control of the lion's share of the world's oil supply. Petro-dollars are the only real way to ensure that China and others will continue to back their credit debt, hence the invasion of Iraq, A'stan, and threats upon Iran and others.

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Hypnospin

kinda paradoxical, that the us is seemingly controlled by those nations which are indebted to it.

and hey, as for nailing anything here, alls what i done is look up an article or two...

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Wurm

Paradoxical? It seems so. Perhaps I should have stated my point differently: if the rest of the big economies start to move to the euro for petro-trades as some are beginning to do now, the US' economic goose will most likely be cooked. That's why the Neo Cons produced 9/11, and hence the big oil grab by BushCo in 2003 - as well as all of the attendant domestic and foreign crimes and misdeeds thus far.

One doesn't need a doctorate in geopolitics to have seen this coming, but at least an ability to get past party loyalties is neccesary, and perhaps a wilingness to admit naivete'.

Here's a good source for all of this.

__________________
"Bush is the first President to admit to an impeachable offense."

- John Dean, former Counsel to the President (Nixon)

The aim of big corporations is to separate fools from their money all of the time and ordinary folks from their money most of the time. The rest of us must fend for ourselves.

limerickman

Finally another member has cottoned on to this!
The US economy and it's reliance on oil has ensured that US foreign policy is dictated by Oil : oil's supply and oil's demand.
The international markets transactions in oil is denominated in US dollars.
By extension, international market transactions in aviation (civil/military) are also denominated in US dollars.

This is the concern with the likes of China moving 25% of it's federal reserves from dollars to euros.
America needs the world to consume more and more dollars.
If federal reserves follow China's lead - the US is snookered.
Of course, one of the largest holders of the US currency is Saudi Arabia.
If Saudi Arabia decided that it would prefer to hold it's reserves in a currency other than dollars, this would would cause problems.
It should be noted that China began to denominate from dollars to euros in the wake of the US invasion of Iraq.

It's like a dog chasing it's tail : the USA is dependent on foreign nations purchasing ever increasing amounts of US dollars.
This effectively means that foreigners own more and more US assets.

Steve Roach economist at Morgan Stanley has been warning this for years.

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morelike hypocrisy.

stevebaby

...and which it will,inevitably have to invade in order to eliminate the debt which the us can never repay.
They should have listened to eisenhower when he warned about "the military-industrial complex",in the 1950's.
But he was probably a commie too.

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