03-14-2017, 03:31 AM
(03-13-2017, 04:10 PM)Ragnarök_62 Wrote:(03-12-2017, 04:05 AM)Galen Wrote: The dollar as fiat will last exactly as long as the petrodollar system does and the petrodollar system looks like it is reaching its expiration date. The wars the US has engaged since 2001 have been primarily targeted at nations that are a threat to that system. This is one of the main reasons for Targeting Libya although the French also had other goals there. Iraq made the mistake of selling oil for Euros in the oil for food program. Iran has been selling oil in other currencies for quite some time which explains much but not all of the hostility toward Iran. Russia, with extensive oil reserves, is also a threat to that system.
I do not believe in coincidences.
I don't either. Now, it's my hope the petrodollar does indeed crater. Said implosion will crash the imperial project and the neoliberal corporatacy.
The end of the empire and technocratic government in general and globalism will be the only good things to come out of this fourth turning. In the end it will lay a foundation for a smaller and much less intrusive government which will be good thing because I have no problem with the era of the total state ending. The process is just going to be painful.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises