Posted on 02/22/2017 8:26:58 PM PST by Tours
I agree. I’m sure Soros is positioned for it.
Trump needs to get us to a break even point, eliminating our deficit spending.
If he can do that, we’re looking fairly good.
We do have a massive amount of natural resources too.
If we had to, we could liquidate some of it.
In late 2016, Obama vetoed the Justice Against Sponsors of Terrorism Act (JASTA). The bill would allow 9/11 victims to sue Saudi Arabia in US courts.
This was the *only* time the GOPe congress opposed Obama on anything.
The next day, they expressed regret:
http://fortune.com/2016/09/30/obama-veto-lawmakers-doubts-911-lawsuit-bill/
The doomsday scenario for the dollar should this bill become law is just a pile of BS. The dollar won’t be harmed if the Saudi government is allowed to be sued in US courts.
But US trial lawyers will get rich and it will be open season on the US in the courts of other countries. Plus how much more compensation will the family of these victims collect? They were killed in what amounts to an act of war. None of my family has been compensated in such sums for our war deaths.
If the Saudis truly are guilty then declare war and settle the score.
The USA got in bed with the Saudis in the first place because of our debt-based monetary system and fiat currency.
Our progressive nanny-state, supported by the Federal Reserve, creates massive amounts of debt, which have to go somewhere.
So they Saudis were enlisted to buy it, because of their oil. In turn, all this printed money can support a huge, kick-ass military which has protected the Saudis and even helped advance their interests for the last 60 years or more.
The gold and silver we’ve already minted and circulated to an equal or greater proportion than that which existed prior to 1933, and they’re still being minted.
“The inherent constitutional stability of the United States”
...Under siege from within as never before, and from saboteurs firmly seated in the constitutional government. Trump can’t stop this on his own and doesn’t seem to have much support, even among so-called Republicans, who do not seem to realize the chance they’ve been given to save the republic, or don’t want to.
Wonder what happened to Libya’s gold after Hillary took out Quadaffi?
The fundamental geopolitical question in the world today is whether the U.S. is going to continue the deficit spending and trade deficits funded by so-called petrodollars.
The U.S. (or, more precisely, the global financial cartel currently operating through the U.S. military and Central Bank) essentially owns all the OPEC oil, because it can only be sold for US dollars.
For reasons I won’t go into now, THE SYSTEM REQUIRES U.S. Deficits. They have been PART OF THE GLOBALIST FINANCIAL PLAN ALL ALONG.
The primary geopolitical weapon, the weapon that destroyed both Japan in WWII and the USSR in the late 80s is the U.S. ability to interdict oil, or to use Saudi to underprice the world market.
If the ultimate conflict with China, ability of the U.S. navy (backed by air and space assets) to interdict oil to China will be our primary weapon short of nuclear.
That is what the South China Sea is all about.
I could go on at great length on this topic, but the bottom line is that Trump is not going to consider up-ending the system until U.S. economy and military have been rebuilt, AND China under control.
Anyone buying gold in anticipation of this “Black swan” is going to have a very long wait.
If you were an enemy of America, intent upon causing us economic harm, is that something you would really care about?
#20. If the Saudis did collapse, either partially or totally in economic terms, would the US going all out for oil and natural gas production keep the world and the dollar relatively stable?
After all, Japan needs oil and coal, esp. since the major nuclear plant at Fukishima is out of commission.
The same for England and even Germany. If I remember correctly the French rely heavily on nuclear power while the Germans cut back on it and coal, preferring to get Soviet/Russian oil. The same for smaller European countries.
Just imagine the economic power the US would have if it opened up safe, productive old coal mines and newer ones in the West. The same for oil production and processing from the Alaskan fields to newer ones in Texas and perhaps the Gulf of Mexico.
No sane Democrat would oppose this, even on environmental grounds, esp. if their unemployment rates in their districts started to rise.
Also, I wonder if we can stop the Hillary Clinton treasonous sell-out of the uranium mines to Russian companies? This is something that should not only be investigated but the greedy pig should be prosecuted and jailed for economic crimes against America.
And remember, we literally feed much of the underdeveloped world so keeping the U.S. economy healthy and growing in terms of energy and food is in the best interests of a lot of countries who know that food riots can bring them down.
If we become energy independent our dollar will be the petrodollar
The Dollar doesn’t have to be replaced. It could be restabilized by tying it to petroleum production secured under an alliance between the USA and Russia.
And the Wahhabi terrorists can go pound sand.
Seems like the Saudis are upset, in part, because Trump isn’t their pawn like Obama was....
Some sort of accommodation would have to be worked out, and whose to say something like that wouldn’t come about?
I don’t know the total output of Saudi oil, but it does go beyond that. Saudi Arabia was a moderating force on OPEC. If OPEC went South, that could destabilize things.
I’m not sure if OPEC is still operating as it used to, and that may be because things have run relatively smoothly for so long.
If the oil interests around the world became unstable, it would be a serious problem.
(1) the size, strength, and transparency of the US economy and the attractiveness of the American way of life;
(2) the support for the dollar by key international institutions like the IMF, World Bank, and the BIS bank;
(3) that in a crisis, the US provides essential economic and military backing to countries that rely on the dollar; and,
(4) because no other currency would make a plausible reserve and trade currency for the world.
As for the Middle East, although Russia can be useful at times, she is neither powerful nor reliable as an ally, and Iran's current alignment with Russia is contrary to what her preference would be under a democratic government. Just as in the 19th Century, autocratic Russia often finds common cause with anti-Western dictatorships and autocracies.
Given Russia's relative weakness and limited ability to project power, her scope of action faces inherent constraints. It is the US, not Russia, that can put a naval fleet with one or more large aircraft carriers off most anyone's coast. Thus, if Saudi Arabia collapses, it is the US and not Russia who will be called on to contain and clean up the mess.
Drivelous tripe
JASTA is disasta
The author seems to imply that without the money that brings the Wahhabis influence, Islam would be peaceful and friendly. Having watched the Iranian mullahs for many years, among others, I find this questionable.
Agreed.
The Saudi role declines precisely because the US is pumping more oil and appears to be making Saudi oil increasingly insignificant.
So if oil control shifts from Saudis to the US, how does that weaken the petrodollar? The article doesn’t explain that. It isn’t as if Saudi oil is being replaced by Venezuelan oil or Iranian oil.
That's what I thought as I got toward the end of the article.
a + b + c + d + e + f = buy gold!
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.