WebsterMark wrote on 01/28/13 at 18:54:38:



Dude ... we the US are the only ones to have enemies.
Cool.
Srinath.

Does anyone know what a petrodollar is. Back years ago, I think it was 1973 Opec agreed to be paid in American Dollars in trade for American protection. OpEC called it Petrodollars Chna is mining and buying all the gold reserves they can get their hands on. They produce more gold than any country on earth and they're importing more gold than any other country. They're buying oil wells in Latin America, Africa and Russia. They're buying coal mines in Russia. They're buying various metal mines in Latin America. They're planning on doing something that hasnt been done in over 30 years. Creating a precious metal backed currency, the yuan. Iran, Iraq, Lybia and Russia are were in with them on it. If they convince OPEC to accept the yuan instead of the US Dollar which everyone knows is worth nothing it will be WW3 but not a shot will be fired. The Us economy will completely collapse. I know we're their biggest customer but they will create middle classes in all the countrys they deal with and their will still be a market for their manufactured goods. Thats why W lied about WMD's. Thats why they're trying to get you stirred up about Iran.Thats why we took out Kadafi.If Opec starts accepting the Yuan we're economically demolished, period. No one refuses to try to control the Federal Reserve, ya see what Kennedy's silver certificate got him. Our only hope is to demolish the Federal Reserve and follow China's lead and start backing our money with something besides a promise we cant keep.

Midnightrider wrote on 01/29/13 at 16:19:15:



OK finally someone posts a real reason why we cant run up debt. And it is ... well plausible.

However you have to realise, chinese dont trust china's govt with their currency. China is polluting the world, yes, but they are polluting themselves 10X worse. They may be buying gold and backing up their yuan, but you realise their govt will print the yuan to capitalise themselves right. We hae crony capitalism, they have it 1000 times ours.
We will have to watch china closely, and china is strip mining the world, australia, south america etc etc, but I would also conclude they are going through an industrialisation. They are 4 X our population and under just under 4 1/2 our population density. They may just be trying to get resources they need.
Cool.
Srinath.

& I disagree, Jerry. The"Quote" of The Dinner Jacket has been proven a lie, over & over.

Iran has a less hostile posture than anyone else over there.


Re: Petrodollar
One further point, they had to agree to use a %age of those dollars to buy T bills.

Now that the Fed is buying its own T-Bills ( The economic equivalent of YOU writing up a paper & loaning yourself a few billion dollars), we will see the demise of the value of the dollar at a rate previously unheard of.
As nations cease to Use dollars in their trade, those dollars will come home, inflation will result.

Dear Srinath, YOU, sir, were not even HERE when I was dragging Bush around & calling him a criminal, so, SHOVE your calling me a liar or "biased" against Bammy. Both Sides SUCK.
I have exactly Zero political motivation for my criticisms of anyone. I operate on a strict Constitutional platform & Right & Wrong is how I call it.
I am a Libertarian by nature. I was a Libertarian before I even knew what it was. Its just who I am. I never found myself able to support either party.
The game of "It was okay when your guy did it" is very destructive to America & very juvenile. That you would play it is certainly no shock to me. If it was bad when Bush did it, its bad now.

We WILL see painful inflation. Its as sure as falling if one jumps off a building. Everything to create it has been done & is continuing to be done. The Fed is buying up 40 BILLION dollars worth of Mortgage Based debt every MONTH!,, Guess who is now the owner of many, many home loans? What happens if they decide to call the notes?

You guys see the world as if it is operated by people who live their lives ruled by the same moral compass you live by. Not So. The people who have managed to get to the top of the pile dont love us. They love whats written on the Georgia Guidestones.,
Theyre eugenicists, like Bill Gates. "If we do a real good job with these vaccines, we can halt the population growth".. & you guys somehow manage to hear that & believe that means something other than what it says,,

Starlifter wrote on 01/28/13 at 12:13:21:


I believe differently Star. As a Christian I believe it is the duty of all Christians to stand by Israel. The Satanists or Athiests among you can disagree and that's fine,believe as you will.

Then, WTF did you guys vote for him?...
It wasn't liberals that put him in office...

Two words: Al Gore.

But you're right on the other point about other methods of attack. I'm pretty sure the US and Israel are both working on E-warfare.

As far as the general population of Iran and what they think; who knows?  There were plenty of German detractors of Hitlers but that didn't stop them from  killing millions; same with Japan. We had a little opening when Iran had large protest a couple years ago. Remember that woman who bled to death while someone filmed it? Hindsight is 20/20, but i hope we don't live to regret the fact we didn't use that as a jumping off point to gain more favor with the general population and press them to continue until they toss the little short pri*k out on his ear. Problem is, like all those states over there, who moves in to fill the vacuum?