Is the USD doomed to fail...?

Brown_Bear

phillw wrote: »

It's the simplest explanation & it's based on some evidence, I'll give you that.

But I don't think it was necessarily that simple.

I think the US is just arrogant.

The US govt has many expert advisers. They knew it likely that removing Saddam would strengthen his opponents (Iran, & Shia allies, plus the Sunni AQ). Those were the exact reasons given by the US generals for not pushing north and removing Saddam during the first gulf war.

Thrugelmir

Brown_Bear wrote: »

I'm not so sure.
I reckon the Fed bottled it when the markets fell a bit in December.
They're now talking about ways to further fudge the inflation targets.

Inch by inch. Inflation will erode the debt in time anyway.

Thrugelmir

Brown_Bear wrote: »

The US govt has many expert advisers. They knew it likely that removing Saddam would strengthen his opponents (Iran, & Shia allies, plus the Sunni AQ). Those were the exact reasons given by the US generals for not pushing north and removing Saddam during the first gulf war.

The oil was a usefull outcome. Cheney saw to that.

John_G_Jones

Brown_Bear wrote: »

It is the most logical explanation for the Iraq invasion. The USA must have had a good reason to risk strengthening AQ and Iran - which it obviously did.

It isn’t, it’s an idiotic explanation.

There are trillions of dollars transacted a day in the FX markets, someone having the odd billion of oil traded in another currency is less than a rounding error.

You do understand that the trades currency doesn’t matter? It doesn’t deprive the US of a single cent, somwhy woukd they go to war to stop it?

Do you actually stop to think before you posit these senseless things? If not, you should.

So, anyway, which other ones do you believe in? Vaccines being used to control the population, chemtrails are real, moon landings didn’t happen?

John_G_Jones

phillw wrote: »

It was prevalent at the time, so I'm not sure why you didn't hear it.

http://edition.cnn.com/2000/WORLD/meast/10/30/iraq.un.euro.reut/
https://usiraq.procon.org/view.answers.php?questionID=000911

I don't believe it was the sole reason, but it may have influenced their opinion & they still sell in USD. So who knows.

That link does not even posit a reason that the US would care, let alone give evidence that is was a cause for war.

Did you post the wrong thing?

Brown_Bear

John_G_Jones wrote: »

It isn’t, it’s an idiotic explanation.

There are trillions of dollars transacted a day in the FX markets, someone having the odd billion of oil traded in another currency is less than a rounding error.

You do understand that the trades currency doesn’t matter? It doesn’t deprive the US of a single cent, somwhy woukd they go to war to stop it?

?

So why did the USA invade Iraq then?

And does trading oil in USD help help the USA control the SWIFT system - which can be used to exclude other countries (such as Iran)?

Brown_Bear

John_G_Jones wrote: »

It isn’t, it’s an idiotic explanation.

Vaccines being used to control the population, chemtrails are real, moon landings didn’t happen?

Vaccines are used to prevent infectious disease. They work via heard immunity.

The moon landings were real - but rather expensive. Hence the need to later devalue the USD.

I don't know what 'Chemtrails' are. Never heard such a word.

AG47

Thrugelmir wrote: »

Name an alternative?

The strengthening $ is in part down to repatriation of funds from US companies following Trump's generous tax breaks. Which is initself putting pressure on the countries of origin.

Gold, silver

phillw

AG47 wrote: »

Gold, silver

Haven't they tried that already?