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Fiendish Thingy

(23,008 posts)
1. Not as sobering as one might think
Tue Mar 17, 2026, 01:15 PM
Yesterday

Yes, what is unfolding is the natural consequence of Trump’s impulsiveness.

But, zooming out for a moment, what other factors come into play here besides Trump’s impulsiveness and Iran’s intransigence?

For starters, the investment banks in the US and Europe.

Followed by Saudi Arabia and the other gulf oil producing states besides Iran.

None of them want to see the instability produced by a permanent shift in oil sales to the Yuan.

We won’t likely hear much about it in the news, but these and other players are likely working feverishly behind the scenes to exert maximum influence for the US to exit the Middle East ASAP.

BTW, isn’t the value of the Yuan pegged to the US dollar?

Not sure even the Chinese want this, at least not long term.

Recommendations

5 members have recommended this reply (displayed in chronological order):

Not as sobering as one might think Fiendish Thingy Yesterday #1
They have been working for years to peg it to gold... Pluvious 19 hrs ago #3
Wrong era, bub. BannonsLiver 18 hrs ago #5
And, as depressing as it is... GiqueCee 22 hrs ago #2
I'm in California. Initech 19 hrs ago #4
Latest Discussions»General Discussion»A stark assessment from M...»Reply #1