Comments on: Buy/bye Petrodollar

By: Neener

Neener — Thu, 03 Jul 2014 09:07:00 +0000

Another interesting update RE: the Saudis and 9/11: http://www.reddit.com/r/news/comments/29o8lr/freshly_released_but_heavily_censored_fbi/

By: Neener

Neener — Wed, 26 Feb 2014 08:51:26 +0000

The “9/11 conspiracy theory” conspiracy theory I outlined above doesn’t seem so crazy now, given the latest Snowden revelation (spread disinformation, including conspiracy theories).

https://prod01-cdn00.cdn.firstlook.org/wp-uploads/2014/02/deception_p12.png

By: admin

admin — Thu, 19 Dec 2013 04:32:10 +0000

Congratulations on the forthcoming NYT opinion column.

By: Neener

Neener — Thu, 19 Dec 2013 04:23:01 +0000

Members of the mainstream right might be reading your blog comments: http://nypost.com/2013/12/15/inside-the-saudi-911-coverup/

http://www.rightsidenews.com/2013121833615/us/islam-in-america/28-pages-later-shrouding-an-act-of-war.html

By: VXXC

VXXC — Wed, 30 Oct 2013 02:08:52 +0000

Don’t ignore the Cathedral has skimmed us pretty good, skinned actually.

It’s not just about bad ideas commanded by peer pressure, engineering social catastrophe, undermining civilization.

They’ve also made a lot of money – and mainly off us.

They were quite happy to have their minions – they are – on Wall Street take trillions by taking down our industries. Creative Destruction my @zz.

By: Lesser Bull

Lesser Bull — Tue, 29 Oct 2013 23:38:25 +0000

Tribute tends to bankrupt a nation’s vigor. We can’t afford to keep skimming off the world.

By: pseudo-chrysostom

pseudo-chrysostom — Tue, 29 Oct 2013 19:12:13 +0000

the chief importance of the petrodollar system is that it is effectively a tax, by america, on the rest of the oil using world. this transferal of capital is what sustains americas phantom economy along with the parasitic sovereign monetary cartel.

certainly its end would necessitate change (or fall if not), but its not like it hasent been good for america.

By: Grotto

Grotto — Tue, 29 Oct 2013 19:09:13 +0000

I agree with Handle’s larger point that being the world’s reserve currency is no blessing, merely that America has the temporary and dubious privilege of buying the cheapest goods on store credit.

But I disagree that the Asian currency reserves are proof that the petrodollar is not an underpinning-factor. The Asian nations are uniquely dependent on Middle East oil, and for Japan in particular, the OPEC embargo left lasting psychological trauma. For a time, they thought it was the end of the world. Much of their massive build-up of US currency is a hedge against the petrodollar.

By: Thales

Thales — Tue, 29 Oct 2013 18:23:43 +0000

Yeah, I think the issue of alternatives is the best argument against a preference cascade rather than holdings. q.v.: Gresham’s Law.

By: Nick B. Steves

Nick B. Steves — Tue, 29 Oct 2013 16:51:38 +0000

Seems like the end of US Dollar hegemony would do wonders for domestic production. What’s not to like?