.MASSHOLE.You're neglecting a key aspect of currency, stability. The dollar doesn't need to be backed by anything except the promise of the US government to repay their debts.
But can not the debts be paid back, as it would take over 40 years at 65% income tax to pay back interest rates to the federal reserve? It's just a promise that will never be fulfilled.
.MASSHOLE.The reason the US dollar has been the international trade currency isn't due to oil or anything else, it is due to the fact that post-WWII they were the first country to rebound and provide a stable and liquid currency. As a result, countries looking to do international business could swap their currencies at a constant rate without fear of rapid fluctuations in value.
Oil has very little, if anything, to do with the value of the dollar. International trade will use the dollar, Euro, and more recently, Chinese yuan because they are all liquid and relatively stable (yuan less so). Going to war with Iran over currency reasons is about as likely as Hillary Clinton ever becoming president.
The uprising of the Libyans has so much more to do with their economic and social conditions, not the desire for a pan-African dollar. I've already explained the history of the Libyan civil war and why there was military intervention.
Again, you're feeding into the conspiracy of this whole event without actually providing evidence. The Pan-African dinar deal would never have worked with a gold standard system. Ever. And if they had managed to create one, it would have been so easily devalued by other countries if they so desired. Gold standards are worthless without GLOBAL cooperation.
Of course there are geopolitical reassons that come into play with war, there always are. But to say that it was some oil-driven event is foolish. Oil exports from Libya have been stagnant since his death because of the civil war. I've already explained why NATO got involved in another post, I'm not going to write it again.
You're claiming the French banking and monetary structure played a role but again you neglect to mention that the CFA franc is pegged to the Euro, rendering the French influence somewhat worthless. Not to mention it didn't even involve Northern African nations, just Western and Central. You've also seen countries join and leave this monetary system at their own free will.
The relationship between France and African nations is not out of the norm. France provides stability in the form of military, economic, and political aid while the African nations provide goods that France needs. This isn't France holding a gun to their heads, if anything, these countries could hold a gun to France's head.
Again, the intelligence to me is doubtful. We, meaning you and I, have no idea whether or not Drumheller was on the ground or if he was receiving information from personal sources. If it is the latter, that calls it into question for me. A single source isn't always reliable.
Post one legitimate article saying it wasn't Russia, backed by facts. You won't find one just like I won't find one. But when almost every single intelligence agency backs this up, and a Congressional investigation is ongoing, there certainly is a lot of smoke around it.
Seth Rich's parents say otherwise. I'm going to believe them over the media. If they did believe their son was murdered, they'd be all over it. No parent is going to choose party over child (except maybe Clinton).
The emails surfaced in a way that was most damaging to the DNC. It was released in a manner that targeted and hurt the Clinton campaign at opportune times. Look at the timing of those releases and Trump controversies.
I'm not one to buy into conspiracies (if you haven't noticed), but this twitter account has given some amazing insight (and its rather bipartisan)
You're also seeing a rise of similar events in France, Netherlands, and Germany, all of whom have elections in the near future. It isn't a coincidence.
.MASSHOLE.You're neglecting a key aspect of currency, stability. The dollar doesn't need to be backed by anything except the promise of the US government to repay their debts.
The reason the US dollar has been the international trade currency isn't due to oil or anything else, it is due to the fact that post-WWII they were the first country to rebound and provide a stable and liquid currency. As a result, countries looking to do international business could swap their currencies at a constant rate without fear of rapid fluctuations in value.
Oil has very little, if anything, to do with the value of the dollar. International trade will use the dollar, Euro, and more recently, Chinese yuan because they are all liquid and relatively stable (yuan less so). Going to war with Iran over currency reasons is about as likely as Hillary Clinton ever becoming president.
The uprising of the Libyans has so much more to do with their economic and social conditions, not the desire for a pan-African dollar. I've already explained the history of the Libyan civil war and why there was military intervention.
Again, you're feeding into the conspiracy of this whole event without actually providing evidence. The Pan-African dinar deal would never have worked with a gold standard system. Ever. And if they had managed to create one, it would have been so easily devalued by other countries if they so desired. Gold standards are worthless without GLOBAL cooperation.
Of course there are geopolitical reassons that come into play with war, there always are. But to say that it was some oil-driven event is foolish. Oil exports from Libya have been stagnant since his death because of the civil war. I've already explained why NATO got involved in another post, I'm not going to write it again.
You're claiming the French banking and monetary structure played a role but again you neglect to mention that the CFA franc is pegged to the Euro, rendering the French influence somewhat worthless. Not to mention it didn't even involve Northern African nations, just Western and Central. You've also seen countries join and leave this monetary system at their own free will.
The relationship between France and African nations is not out of the norm. France provides stability in the form of military, economic, and political aid while the African nations provide goods that France needs. This isn't France holding a gun to their heads, if anything, these countries could hold a gun to France's head.
Again, the intelligence to me is doubtful. We, meaning you and I, have no idea whether or not Drumheller was on the ground or if he was receiving information from personal sources. If it is the latter, that calls it into question for me. A single source isn't always reliable.
Post one legitimate article saying it wasn't Russia, backed by facts. You won't find one just like I won't find one. But when almost every single intelligence agency backs this up, and a Congressional investigation is ongoing, there certainly is a lot of smoke around it.
Seth Rich's parents say otherwise. I'm going to believe them over the media. If they did believe their son was murdered, they'd be all over it. No parent is going to choose party over child (except maybe Clinton).
The emails surfaced in a way that was most damaging to the DNC. It was released in a manner that targeted and hurt the Clinton campaign at opportune times. Look at the timing of those releases and Trump controversies.
I'm not one to buy into conspiracies (if you haven't noticed), but this twitter account has given some amazing insight (and its rather bipartisan)
You're also seeing a rise of similar events in France, Netherlands, and Germany, all of whom have elections in the near future. It isn't a coincidence.
Okay, well we will agree to disagree. And Seth Rich was murdered, he was shot in the head two times. I guess you don't consider this murder? And I forgot if you used the washingtonpost as a source but you should keep in mind that they breathlessly were reporting that the Vermont energy grid was apparently hacked by the scapegoat du jour, Russia. Although there should have been obvious questions asked: Why Vermont? It was funny to see them scramble, working their minds to try to correct the fake news. So, for many liberal media outlets it seems like they are hellbent on fanning an agenda that engenders a dangerous distrust of Russia. That alone makes me curious.
Our intelligence sources say, un-named person in CIA says, etc. Until there's proof, I will not believe any of the medias fake news.
Have you read the report, it says that Putin was just anti-Clinton and that Russia hired “social media trolls” and that they were all pro-Trump from before the primaries began. They probably could have left that out. And why from an official perspective, the evidence appears very much beside the point. Obama administration, particularly Biden promising to carry out revenge attacks on Russia and everyone in the outgoing administration claiming that the Russian plot was “obvious.” Except, they are not providing proof and this is concerning. NBC reads, anonymous officials without evidence "Putin, "himself" personally hacked US elections. That gave me a laugh.
And why has there been over a 90% devaluation of the dollar since 1913? And yes, petrodollar surpluses do not represent real wealth, however they do drive a vehicle in which is necessary so the latter can be acquired. If kept in liquid their purchasing power will gradually be eroded by inflation and exchange rates. So again, the US dollar has historically fluctuated at a tremendous rate.
Are Gold standards worthless without GLOBAL cooperation? If Africa was to change the majority of its currency to Gaddafi's gold backed dinar, whilst modernizing itself and relieving itself from foreign exploitation and imperialism, would then this change in currency be worthless. I'm generally curious. I want to know exactly why a gold backed currency would 'never' work in Africa? I understand it didn't work because it pegged on national currencies at set points regardless of the fluctuations in the market.
The Gold standard has it's advantages. It's predictable, no central bank or policy would control the supply, close to no inflation, independence from the government, the decline in prices, and much less spending during times of crisis. Still, it has some disadvantages, which you've mentioned.
Here we have to set interest rates close to natural rate of interest for dollar stability. So. lowering interest rates and quantitative easing are actually damaging to our economy long term. The dollar is an inflationary fiat, if we were to abolish the debt enslavement of central banks, this might just ensure competition with good currency practices. It would ensure incentive because if banks became too reckless as some do now, they would lose value and others would find different banks. Free Banking could work extraordinarily. That's just a dream though. So, why have a monopoly of the money supply? Should not the whole point be competing currencies.
In the 1930's the dollar was devalued around 40% overnight, does this sound stable to you? It might be stable at the moment but it will surely fail.
"There is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes."
"The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it's worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value."