C-Mag wrote:GrumpyCatFace wrote:C-Mag wrote:
* IMO the Iraq invasion was more about an old school royal family feud than anything else. Saddam tried to off GHW Bush, so W took care of Saddam for his old man. Vengence
That's the MSM narrative. The real dope is that Sadaam was talking about exchanging oil for something other than dollars. Same as Ghaddafi. Once they do that, they're on the neocon shit list.
Iran has jumped aboard with the new petro-yuan. Notice how quickly they became our Serious Global Enemy #1 again.
I've got a friend who subscribes to the Petro-Dollar conspiracy. I don't know enough about it, enlighten me.
Trump hasn't started a war yet. W had 2, BHO had 2, Trump Zero to date. For me, that makes Trump the winner to date.
Did you already forget our heroic missile attack on Syria, and the 'mysterious' deaths of green berets in Africa?
The petro-dollar thing works like this. We have the "reserve currency" because our Treasury Bonds are considered the most secure. This is how we're able to run up insane debts like it ain't no thing. This is because we have the biggest military (funded by those bonds), and because we control the global oil markets.
Oil is valued in dollars, because arab countries only sell it for dollars. That's called the 'petro-dollar' exchange, and it's the reason that oil prices are given in relation to American oil futures contracts. Venezuela was another supplier, but their economy collapsed when the price of oil went down (we made it do that). Any time the arabs want to sell it for anything else, we replace their government 'for human rights', or 'yellow cake', or 'terrorism'. We did it to Sadaam, Ghaddafi, Al-Assad, and next will be Khomeni.
Now, this year, China has proposed a new futures contract, valued in a separate Yuan currency, pinned to Gold. This effectively denominates the price of oil in the only asset valued more securely than US T-bills - gold. Iran has agreed to use it, and Russia is a big supporter, though they're not 'officially' bought in yet.
This directly threatens the petro-dollar exchange, the US debt, and the current global economic paradigm. And we can't stop it directly, because China is the biggest buyer of our T-bills. So, we're going after Iran, and anyone else that backs it. We're drumming against the Norks, and talking shit to China, because it's their backyard.
That means we go to war with Iran, or Nork, and enter a new cold war with China. Everything is at stake, until China backs down, or stops buying our bonds, and we implode. I honestly have no idea how far they'll push this - all-out war, or some kind of backroom deal, or maybe just try to compete economically, but we've already had our legs chopped out by decades of idiotic politicians.
My guess is war.