01-24-2013, 10:26 PM
carbontetrachloride Wrote:@bjornf16 Look up the definition of petrodollars. Oil is sold in dollars on the global market. It is the global reserve currency. It is the only thing that gives the fiat Federal Reserve Note value. It is enforced at gunpoint. Get it? When countries decide they want to sell oil for gold, Euro's, whatever, the US gunverment bombs them back to the stone age. Jumpin jeezus on a pogo stick. It is plain as day. You fight for the central bankers.
There are some very valid reasons why the dollar is the world reserve currency, as much as I despise banksters. The main driving force behind that is not oil, but geography. The land mass that the United States occupies is the most choice land on earth.
* It is protected from foreign occupation or invasion by two huge oceans.
* It has the largest arable farmland with more growing and harvesting seasons than any other real estate on earth.
* It has more major rivers that are coincidentally connected to each other as a natural transportation system.
* It has more deep sea ports between any 3 coastal States than some entire continents have, and those deep sea ports are connected to the river network by proximity or a unique inter-coastal waterway on the East & Gulf Coasts
* It has 3 major mountain ranges that create precipitation shadow that just happen to fall onto the largest arable farmland in the world (The Midwest).
* Due to this existing natural infrastructure, the US was able to build a series of railroads, highways, docks, and airports across the entire Nation like no other nation ever will be able to, by simple constraints of geography.
* Due to the collapse of the British Empire and their inability to patrol their former trade routes, the US inherited this task by default, without asking for it.
* The trade routes and major geographical choke points for trade would be taken over by regional warlord thugs if not maintained by some global superpower.
* The old money European powers have maintained their relevance and dominance by steering US foreign and domestic policy for well over 100 years, and survived the competitive free market in the US by creating a central bank for the US by which they could extract US wealth under our noses, and charge us interest for the theft, on top of taxation and enslavement-employment of our women, while getting our kids into their forced public fool indoctrination system.
Since the Euro is destined to collapse by its conceptual failure to mitigate the unmitigatable contrasts in culture, language, and national interests, the dollar will continue to be the global reserve currency, as the Eastern economic warfare alliance can't be trusted between its partners when you look at Russia, China, and the other nations who are pursuing that end. The crap will hit the fan in their regions harder than in the US, and they will move their money to US banks to protect it during a global financial collapse.
I would argue that there are 3 major industries that give the dollar most of its value, aside from the most dominant geographical realities explained above, which is more influential on the dollar's hegemony on global markets. Those 3 major global industries are:
Legal International Arms Trade
Energy
Illegal Narcotics
The one that affects cash the most is narcotics, since it is the only pure cash industry left. We have been seeing major disruptions in the money-repatriating trade, where hundreds of billions of US dollars go missing through the Mexican/Caribbean laundering market, which is what triggered the credit crisis and consequential housing bubble burst in 2007. Something very strange is going on in Mexico with our cash dollars, and the cartels are at each others throats over it, literally. I suspect a foreign actor at-play, especially when you see who ended up with cash surpluses in 2008 (Russia & China).
The short story is that while we have the unique ability to be more critical of our system than most other nations on earth, we are still dealing with the international realities of competition for control of the sources of energy, minerals, and transportation of those resources. The "criminal elite" of the West see themselves as better and more humane stewards over these resources, when compared to the demonic and savage practices of the Eastern nations who don't value human life the same, considering that China could literally sacrifice 1 billion of their own souls and come out ahead, just due to the internal demands on their economy and political system. They only need the remainder of their 1.347 billion populace to continue feeding the production and export model they currently have, which is why they are shipping hundreds of thousands of slave-laborers to other mineral-rich regions, the Sudan & West Africa being prime examples, with Afghanistan already being invaded by the extraction crews and management for the oil and minerals recently discovered there.
The problem, and most dangerous threat to our way of life we in the US currently face, is a Manchurian President who represents the Eastern Powers, rather than the old European banking interests. I'd rather have neither, but someone acting as a puppet for Chinese, Russian, Asian, Middle Eastern, and African anti-US, anti-capitalist forces is a much worse scenario than a British-backed Anglophile for America. That is our current situation, unfortunately...