So the fact that Hussein planed to sell his oil in EURO'S, instead in dollars, and that it could incite a chain reaction, where other countries might start selling oil in Euro's, which in effect would completely collapse the value of dollar has nothing to do with invading Iraq - - - - Or the fact, that the only reason why dollar has any value - thanks to american system of banking - is through war - - - also has nothing to do with all the false flags, in the history of the states - -
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
54xmax: So the fact that Hussein planed to sell his oil in EURO'S, instead in dollars, and that it could incite a chain reaction, where other countries might start selling oil in Euro's, which in effect would completely collapse the value of dollar has nothing to do with invading Iraq - - - - Or the fact, that the only reason why dollar has any value - thanks to american system of banking - is through war - - - also has nothing to do with all the false flags, in the history of the states - -
Makes sense in a world where physical money is being used but in the real world where the dollar is only used as a unit of measurement it means nothing.
I can buy a barrel of oil from Saudi Arabia using an Israeli Shekle but will use the USD as the measuring stick as to how much it costs and, the Saudis will get the payment in riyals.
Wow,everybody loses and goes under in this case if we use the idiot argument.
Fact is, the only way your argument would work is that if oil was bought and sold using physical truck loads of money and there was no such thing as electronic banking.
Albertaghost: Makes sense in a world where physical money is being used but in the real world where the dollar is only used as a unit of measurement it means nothing.
I can buy a barrel of oil from Saudi Arabia using an Israeli Shekle but will use the USD as the measuring stick as to how much it costs and, the Saudis will get the payment in riyals.
Wow,everybody loses and goes under in this case if we use the idiot argument.
Fact is, the only way your argument would work is that if oil was bought and sold using physical truck loads of money and there was no such thing as electronic banking.
then tell me what happens with the dollar as an electronic measurement for value, if it looses this role on the global market, and Euro becomes this electronic measurement tool ?
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
54xmax: then tell me what happens with the dollar as an electronic measurement for value, if it looses this role on the global market, and Euro becomes this electronic measurement tool ?
tell me. What happens when you speak Spanish on this forum? Does Spain inherit this forum or do people just not bother using it and stick to English?
Same thing. make the Euro the measurement and people who buy and sell it will just keep on referring to the USD when they quote the price of a barrel.
Albertaghost: tell me. What happens when you speak Spanish on this forum? Does Spain inherit this forum or do people just not bother using it and stick to English?
Same thing. make the Euro the measurement and people who buy and sell it will just keep on referring to the USD when they quote the price of a barrel.
Iraq Switches from Dollar to Euro On November 6, 2000, while Americans were distracted by the controversial Florida presidential vote count, the Iraqi government switched from dollars to euros to sell oil. Until that point, the dollar had been THE currency of international trade. With the American military, the mightiest the world has ever known, prevailing, our tax dollars will again go to work funding US corporations to rebuild Iraq from the rubble, and the dollar will be restored as the currency exchanged for Iraqi oil. But one consequence of the war may be other oil-producing nations replacing dollars with euros. Such a changeover was believed possible before the war. Some insiders now believe it's inevitable. Even if the US military conquers every major oil-producing nation on the planet, it will not restore the goodwill that elevated the dollar in the first place. The Bush Administration has blown that goodwill away for the foreseeable future. Once the Supreme Court decided that George Bush would be the next American president, dealing with the implications of Iraq's switch to euros fell on his watch. Each new president changes the mood of the country. It soon became evident that the new mood Bush brought was militant independence. By the time of the attack of 9/11, Bush had already alienated the governments of other nations by demonstrating his disregard for the Kyoto Treaty and other international agreements. Following 9/11, the people of the world became overwhelmingly sympathetic with and supportive of Americans as we dealt with that tragedy. When Bush sent US military forces into Afghanistan to take out Al Qaeda and, if possible, bring Osama bin Laden to justice, world public opinion was solidly behind the USA.
Truth as Casualty of War The Bush Administration then linked 9/11 to Saddam Hussein and set its sights on the invasion of Iraq to get rid of Hussein and bring American style democracy to the people of Iraq. That, at least, is the stated aim of the war. With that decision, world public opinion swung 180 degrees from overwhelming approval to overwhelming disapproval of Bush. Within the borders of the US, the corporate media worked hard to persuade us that a majority of Americans were in favor of Bush's war. Given the number and intensity of antiwar demonstrations, however, many doubted the media. Some were reminded that it was back in 1917 during World War I that Senator Hiram Johnson made his much-quoted statement: "The first casualty when war comes is truth." Despite strong objections in the United Nations and public opinion outside US borders, Bush mounted his invasion. Few doubted the American military would prevail. Some feared that Iraq was the first of other conquests in the Middle East and elsewhere that the Bush Administration is planning. One thing is sure: the Bush Administration has brought an intoxicating war-like mood to America. Not since World War II have Americans been so focused on all the excitement and busyness that add up to preparing for and mounting all-out war. At home, there is fear of another terrorist attack more devastating than 9/11, and abroad there is shock and horror at what the Bush Administration has ordered done in Iraq, and fear of what his next move might be. Will he order US troops to do likewise in Iran? Syria? The Palestinian Territories? In the short run, the war in Iraq is expected to mean less expansive gasoline at the pump. But violence begets violence. It's human nature to extract revenge. Since no other nation has an army comparable the USA's, the world will seek alternative means. And the most logical—and least violent—is the replacement of the dollar by the euro. If outraged world opinion moves international traders out of dollars and into euros, the impact on the American economy will be horrendous. For detailed information about this, I recommend The Real Reasons for the Upcoming War With Iraq by W. Clark. Although written before the war started, Clark's essay is well researched, solidly reasoned and clearly written.
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
So wondering, if I buy a barrel of oil from OPEC from my home in Canada from a guy in Iran for $90 (USD) and pay in CDN $ and the guy on the other end gets pain in Iranian currency without the USD even being facotred other than the price, how does this effect the USD if it is only used as a common unit of measurement?
Albertaghost: So wondering, if I buy a barrel of oil from OPEC from my home in Canada from a guy in Iran for $90 (USD) and pay in CDN $ and the guy on the other end gets pain in Iranian currency without the USD even being facotred other than the price, how does this effect the USD if it is only used as a common unit of measurement?
The effect of an OPEC switch to the euro would be that oil-consuming nations would have to flush dollars out of their (central bank) reserve funds and replace these with euros. The dollar would crash anywhere from 20-40% in value and the consequences would be those one could expect from any currency collapse and massive inflation (think Argentina currency crisis, for example). You'd have foreign funds stream out of the U.S. stock markets and dollar denominated assets, there'd surely be a run on the banks much like the 1930s, the current account deficit would become unserviceable, the budget deficit would go into default, and so on. Your basic 3rd world economic crisis scenario.
World trade is now a game in which the US produces dollars and the rest of the world produces things that dollars can buy. The world's interlinked economies no longer trade to capture a comparative advantage; they compete in exports to capture needed dollars to service dollar-denominated foreign debts and to accumulate dollar reserves to sustain the exchange value of their domestic currencies. To prevent speculative and manipulative attacks on their currencies, the world's central banks must acquire and hold dollar reserves in corresponding amounts to their currencies in circulation. The higher the market pressure to devalue a particular currency, the more dollar reserves its central bank must hold. This creates a built-in support for a strong dollar that in turn forces the world's central banks to acquire and hold more dollar reserves, making it stronger. This phenomenon is known as dollar hegemony, which is created by the geopolitically constructed peculiarity that critical commodities, most notably oil, are denominated in dollars. Everyone accepts dollars because dollars can buy oil. The recycling of petro-dollars is the price the US has extracted from oil-producing countries for US tolerance of the oil-exporting cartel since 1973.
One of the dirty little secrets of today's international order is that the rest of the globe could topple the United States from its hegemonic status whenever they so choose with a concerted abandonment of the dollar standard. This is America's preeminent, inescapable Achilles Heel for now and the foreseeable future
"The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State."
-- Dr. Joseph Goebbels, German Minister of Propaganda, 1933-1945
Albertaghost: So wondering, if I buy a barrel of oil from OPEC from my home in Canada from a guy in Iran for $90 (USD) and pay in CDN $ and the guy on the other end gets pain in Iranian currency without the USD even being facotred other than the price, how does this effect the USD if it is only used as a common unit of measurement?
The effect of an OPEC switch to the euro would be that oil-consuming nations would have to flush dollars out of their (central bank) reserve funds and replace these with euros. The dollar would crash anywhere from 20-40% in value and the consequences would be those one could expect from any currency collapse and massive inflation (think Argentina currency crisis, for example). You'd have foreign funds stream out of the U.S. stock markets and dollar denominated assets, there'd surely be a run on the banks much like the 1930s, the current account deficit would become unserviceable, the budget deficit would go into default, and so on. Your basic 3rd world economic crisis scenario.
World trade is now a game in which the US produces dollars and the rest of the world produces things that dollars can buy. The world's interlinked economies no longer trade to capture a comparative advantage; they compete in exports to capture needed dollars to service dollar-denominated foreign debts and to accumulate dollar reserves to sustain the exchange value of their domestic currencies. To prevent speculative and manipulative attacks on their currencies, the world's central banks must acquire and hold dollar reserves in corresponding amounts to their currencies in circulation. The higher the market pressure to devalue a particular currency, the more dollar reserves its central bank must hold. This creates a built-in support for a strong dollar that in turn forces the world's central banks to acquire and hold more dollar reserves, making it stronger. This phenomenon is known as dollar hegemony, which is created by the geopolitically constructed peculiarity that critical commodities, most notably oil, are denominated in dollars. Everyone accepts dollars because dollars can buy oil. The recycling of petro-dollars is the price the US has extracted from oil-producing countries for US tolerance of the oil-exporting cartel since 1973.
One of the dirty little secrets of today's international order is that the rest of the globe could topple the United States from its hegemonic status whenever they so choose with a concerted abandonment of the dollar standard. This is America's preeminent, inescapable Achilles Heel for now and the foreseeable future
"The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State."
-- Dr. Joseph Goebbels, German Minister of Propaganda, 1933-1945
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
54xmax: The effect of an OPEC switch to the euro would be that oil-consuming nations would have to flush dollars out of their (central bank) reserve funds and replace these with euros.
Why would that be? If they wish to switch to dried beaver pelts it would hardly have an effect on any currency if the beave pelts would never leave the vault they were stored in. Similarly, the beaver pelts would have a value according to the currency one held in the host country.
hence, as I stated, the USD is a unit of measurement only. Like hell man, sell oil for pesos, francs, pounds whatever, it has no effect on the US or the dollar.
Albertaghost: Wow Conrad. Must be a slow day in Suesland as you went past the first obvious portion of idiocy.
Oh,BTW,estimates go as high as several Hundred Tons of C4 to take down a Building like those Towers! Normally you have a Building so weakened if you use Explosives for Demolition,that it only just tethers,nearly falling on it's own,and the explosives are used to give it that last little push! So far no one has been able to tell me when that took place,or when tons and tons of explosives were placed and wired,and some of it connected by Det-Cord! Probably that's the Reason that suddenly Nano-Thermite was detected! Same problem! Time for Placement,and Concealment while placing and after!
Albertaghost: Why would that be? If they wish to switch to dried beaver pelts it would hardly have an effect on any currency if the beave pelts would never leave the vault they were stored in. Similarly, the beaver pelts would have a value according to the currency one held in the host country.
hence, as I stated, the USD is a unit of measurement only. Like hell man, sell oil for pesos, francs, pounds whatever, it has no effect on the US or the dollar.
You simply don't get it do you - - - - Well not my problem - - - -
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
54xmax: You simply don't get it do you - - - - Well not my problem - - - -
Nope. Not your problem unless of course you are trying to prove a point in which case, since nothing ins changing hands as the dollar is only a unit of measurement, the currency is unaffected.
As I stated, if beaver pelts were used as the measurement, the price of pelts would be unaffected if the measurement changed to mink pelts. No beaver pelts were actually used in any transaction but, the price of the oil was measured using them.
Same with the dollar. No physical dollar has changed hands for over a decade hence, it has no value in this case as it is only used as a measurement.
Oh, and for a guy who is saying I don't get it, don't plagiarize your posts like you did the one a couple past. It is stealing and is not looked upon very fondly and in fact, makes you look really dishonest and stupid but, if that is as original as you get, no wonder you can't back your points up with anything as the piece is discredited.
Albertaghost: Nope. Not your problem unless of course you are trying to prove a point in which case, since nothing ins changing hands as the dollar is only a unit of measurement, the currency is unaffected.
As I stated, if beaver pelts were used as the measurement, the price of pelts would be unaffected if the measurement changed to mink pelts. No beaver pelts were actually used in any transaction but, the price of the oil was measured using them.
Same with the dollar. No physical dollar has changed hands for over a decade hence, it has no value in this case as it is only used as a measurement.
Oh, and for a guy who is saying I don't get it, don't plagiarize your posts like you did the one a couple past. It is stealing and is not looked upon very fondly and in fact, makes you look really dishonest and stupid but, if that is as original as you get, no wonder you can't back your points up with anything as the piece is discredited.
Instead of putting on a link, I copy pasted what I wound on that link - - - - Cos the link was posted, but I figured you will not even look at it - - - - I was not plagiarizing nobody's post - - - So how is me copy pasting something from a link that I posted for you anyway plagiarizing - - - - and you didn't read it - - - - I can write with my words, or post links or copy paste what I find on the links - - - will not make any difference - - - - To you or anyone else on the other side of the "River" - - - - -
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
54xmax: Instead of putting on a link, I copy pasted what I wound on that link - - - - Cos the link was posted, but I figured you will not even look at it - - - - I was not plagiarizing nobody's post - - - So how is me copy pasting something from a link that I posted for you anyway plagiarizing - - - - and you didn't read it - - - - I can write with my words, or post links or copy paste what I find on the links - - - will not make any difference - - - - To you or anyone else on the other side of the "River" - - - - -
Use "quotation" marks or
In response to: quote tags
when you quote something. Otherwise, how are people to know it is not your own post or words.
Now as for the river, have you any actual proof that the denomination of measurement has a bearing on the value of the unit used to measure the commodity?
Oh, and while you're at it, where the hell is the proof that Israel created hamas and that OBL was trained by the US? You and others have yet to prove that and this thread is getting old fast.
I have provided counter proof to your claim yet you have yet to offer anything to support it. Methinks you are lying.
Albertaghost: Use "quotation" marks or when you quote something. Otherwise, how are people to know it is not your own post or words.
Now as for the river, have you any actual proof that the denomination of measurement has a bearing on the value of the unit used to measure the commodity?
Oh, and while you're at it, where the hell is the proof that Israel created hamas and that OBL was trained by the US? You and others have yet to prove that and this thread is getting old fast.
I have provided counter proof to your claim yet you have yet to offer anything to support it. Methinks you are lying.
Ok will do - - - -
- As for Dollar proof - - - - - it is on the link I posted I got my quotes from - - -
Albertaghost: As for counter proof that destroys your contention, go to google.com
Unbelivable This is your answer - - - - - You are right, this is getting old, and tierosame - - - - Tell you what - - - - let us agree on one thing - - - that we disagree on everything and be done with it - - - - - As I said, one can post, write, give links ectr . . . . one will get responses of "Conrad style" - - - - your style or even a completely insulting style of some people that get down right personal and insulting ( and that definitely does not go for you, for what ever differences of opinion we have, we kept it civil )
ttom500: I just thought I would toss this is here.....since it is on point to the thread title.
The Taliban just announced selecting 10 revenge targets in the US and NATO countries for bin Laden's death.
Also they took responsibility for several attacks within Pakistan, including the Paksitani Navy base attack.
Just asking cos I cant find the news on any main stream media, one would think that this kind of news would be on BBC - - - - or New your Times for example - - - -
Just a question, have you looked at the documentary, at least part of it or anything similar on the subject - - - - - ?
I've tried to not respond to these assinine conspiracy theories for it hits a very sore spot and it's media driven to incite & also by others who are making MONEY off of naive people with they're analogy & pure conjecture which I believe it is to cause more hatred for my country and not to say we're perfect. I have seen all the links prior to being posted thus I would not post and I had eyewitness acounts and regarding building 7-I will just say this, the towers were 10x the size of it & when imploded all in the immediate area was affected by that. I also am getting tired 54xmax of your American bashing, in some aspects you made some personal attacks & insulting & you have the balls to say someone else is. I thought we could possibly agree to disagree but impossible with your one track mind. I know we are entitled to opinions but sometimes someone's opinion is a more right than anothers.
I also can't believe you give creedence to countries that rule with their own kind suffering at the hands of their own kind-why don't you bash them for all the attrocities they cause. We here in USA may be suffering monetarily but at least our citizens are not being killed by fanatics and are able to speak out without retaliation of a gestapo type government. Don't believe everything you hear & 1/2 of what you see and if you continue to bash us, you will draw my disrespect & I assure you we will both get barred form this site.
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