Posted on 02/22/2017 8:26:58 PM PST by Tours
Bookmark
The only problem for the Saudis is where do they go?
I’m not convinced there’s a good answer for that. The U. S. is the most stable place on the planet. Investments here are a good bet.
I am reminded of folks who have wanted Saudi Arabia taken out for decades.
If it is, it will be interesting to watch as reality hits home.
And what will replace the dollar?
I’ve always said that Saudis are ISIS with lots of money.
Depose the House of Saud, ISIS collapses.
So we have to prop up the Saudis to save our own economic a$$es? I’ll take the risk and help sink Saudi Arabia.
“The only problem for the Saudis is where do they go?”
The House of Saud may collapse of its own accord...
Good-bye dollar.
“And what will replace the dollar?”
When, not if (IMHO), the dollar collapses there will be a period of world-wide economic chaos. Who knows what the long term outcome will be.
I wonder how much gold Saudi Arabia has? Take the world off the petrodollar and lose your power and your gold.
“Depose the House of Saud, ISIS collapses.”
Yes...as will most of radical Islamic terrorism.
However, the dollar may collapse in sync with the House of Saud. Currently, both are built upon a foundation of sand.
That is my question and why I am skeptical of an apocalypse as described by the author. I find it difficult to believe the strength of the dollar is all predicated on Saudi oil.
But a collapse of our currency would surely cause the price of gold to rise. I still think SA has much more to lose by failed relations with the US
“I wonder how much gold Saudi Arabia has?”
I’ve read where some speculate it’s “stored” at the NY Fed, Bank of England and a few other central banks. In which case, it might have already been “loaned” out, i.e. gone!
“I find it difficult to believe the strength of the dollar is all predicated on Saudi oil.”
And other oil producing Gulf States as well - Kuwait, Bahrain, Qatar and UAE.
It is also supported by being the currency of choice in the drug trade - the narco-dollar.
This article smells like a buy gold commercial.
The dollar will not collapse. The dollar is the portal by which the world buys into the stability and wealth of the United States. The inherent constitutional stability of the United States which respects property rights, makes investments safe from arbitrary government action or seizure, and affords multiple paths of investment (equities, bonds real estate etc) creates demand for the dollar as foreign capital seeks a safe and productive haven.
It will be a great day when the “Arab Spring” burns through Arabia and incinerates the Wahhabi supporting and the 9/11 complicit House of Saud. The world will be better.
That doesn't matter to the forces opposed to us. they would topple the house of cards without any concern for what might come next. And there are others that would profit big time.
There is an artificially created global demand for US dollars that allows us to run up 20 trillion dollars in debt without consequences. more than that, this arrangement allows us to tax the entire planet by forcing other countries to hold large stockpiles of US dollars and then continually devaluing those dollars. This is the status quo.
Well, we’ll see. Dire predictions are easy to make, but reality has an interesting way of avoiding dire ramifications at times.
I can’t deny it’s a possibility.
Once again, where do people go that is better more stable than the dollar?
If I read Trump right, he wants to eliminate our debt as rapidly as is humanly possible.
I think that would help a lot.
BTW: If he can just get us out of the deficit spending situation, that would help tremendously.
Then if he could get us where we don’t HAVE TO sell bonds to stay afloat, we’re actually in great shape.
I don’t know how much bonds we have to sell each year to keep us afloat, but I’d suspect that ends with the deficit spending.
That may be an erroneous perception.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.