Posted on 03/07/2016 3:40:27 AM PST by HomerBohn
The Saudis are going to remove their peg to the dollar sometime this year. They can’t afford to maintain the peg while they need dollars to fight their war with Iran.
This is probably not going to affect the stability of the petrodollar - after all the Saudis need foreign currency very badly - but it is going to sharply remind everybody that fiat currencies have arbitrary values based on confidence.
And the currency with the most arbitrary value is the Federal Reserve Note.
What an insightful observation you make.
No. More blood and treasure down the Middle East rathole for sure.
Who gets Mecca?
I think they also do quite a bribing of Western politicians and media people. How else to explain the West accepting the flood of Muslim immigrants, and the social chaos they cause.
If the Powers-that-Be stop having a financial incentive to put up with the Muslim invasion, then the West may start deporting them back to the Muslim world, where they will intensify the social chaos.
The quickest way to power is handouts to the politicians. Eventually sanctioned by the courts once you’ve bought enough of them. Then the floodgates open and the Oligarchs rule. Handouts to the public are a side effect.
of course Saudi Arabia is doomed to fail,
They are letting females drive.
On a small experimental stage BUT!
LOL
Thanks for cheering up the thread.
Who is “we”?
Thank you. It really hit home listening to a podcast series called "The History of Rome"; a wonderful podcast covering from the founding of Rome thru the fall of the Western empire. Human behavior just doesn't change.
It's truly despicable that the US and our allies have sided with this evil regime.
I hate to say it, but they’ll probably come to London.
Joy.
Try it this way. If Jimmy Carter had supported the Shah of Iran, and had sent the CIA to Paris to push. Button on Kohmeini and his top guys, we would be in a different place.
And lets not forget if Obama had supported the Iranian electoral protests in 2009.
That was the fruit of the hard-won democracy in Iraq. A genuine move for democratic revolution in neighboring Iran.
But Obama betrayed the protesters and left them to the mercies of the Besijji rape-police.
And as we all know he walked away from a SOFA for Iraq and instead filled the country with ISIS.
There are no words for how abominable this president has been.
WE = the WEST
“At present, due to Obamas imbecilic treachery and love of the Koran and the pretty call to prayer the middle east will remain a muddled and highly dangerous place”.
They're coming here and flooding the West so...the Middle East will be highly volatile but we won't have to wait long for them to reach our shores and Universities, ooops, they're already here.
Spot on
Saudi Arabia has two products to sell, oil and sand. However, since we no longer use hourglasses, there is not much of a market for sand.
This will NOT set well with the Muslim Clerics and their end time theology Cosmo Vision. They have said that Islam would triumph, i.e. Islam at the Mecca..
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