Are Some Haters Of Government Sensing The Looming Regeneracy?

[Kinser79]

(03-15-2017, 07:12 AM)Odin Wrote:

(03-15-2017, 04:27 AM)Galen Wrote:

(03-14-2017, 07:23 PM)SomeGuy Wrote:

Quote:Like it or not the petrodollar will eventually end and the largess of the federal government will implode in on itself.

Yeah, I don't think a lot of progressives have grappled with what the end of imperium, "white privilege", and a shift to sustainability will actually mean in material terms, particularly for them.

They haven't.  Truth is they have this nasty tendency to think in linear trend lines that last forever.  Those of us in the real world know better.

Do you know what the next winning Powerball numbers are going to be, too?

I understand perfectly well that linear trends don't last forever, but, as shown by how wrong futurists often are, making ideologically dogmatic statements abiut the future like "the largess of the federal government will implode in on itself" just sets you up to look like a fool.

Since that was my prediction and not Galen's I'll address it here.

1.  The US produces very little in the way of goods and exports primarily food and raw materials.  (real third world type of situation)

2.  The US imports lots of just about everything else.  It pays for it with its own currency because people want that currency.  But since the US mainly sells food and raw materials it clearly isn't to buy finished goods from the US.  So why?

3.  The US Dollar is used in international trade because it can always be converted into oil.  Sure people may accept it for copper or rubber or widgits but it all comes down to petrolium.  AKA the Petrodollar.

4.  A group of states that can defend themselves decides they don't want dollars and will take something else instead for their oil.  The petrodollar quakes.

5.  Situation 4 becomes the norm, large inflows of dollars make their way back into the country and the USD is no longer seen as being worth being held for other currencies or gold for example leads to a flood of delayed inflation coming home all at once.

6.  With this inflation and loss of reserve status the Federal Government will need to raise taxes and cut spending and likely both at the same time. 

In short my prediction is that the sun will rise at some point, and when it does it will be in the east.

Considering that the conflicts in Iraq, Libya and possibly Syria are all related to the Petrodollar is telling.  Saber rattling with Russia and Iran only tells me that Iran's acceptance of RMB and Rupee for oil and the Russians taking RMB, Yen, and Euro for oil has already severely weakened the petrodollar.

Saudi is starting to run short of oil so when they go, the oil will be left with Iran, Russia, and a few countries with no government currently.   The empire is in its death throws.  Get used to it.  If we're lucky Trump will cut a Gorbachev figure and we'll have managed collapse, if he fails we'll have unmanaged collapse.

But all empires inevitably collapse.  Or have you forgotten about Egypt, Greece, Rome, Maya, Olmec, Anasazi and the various incarnations of China?