Reply #72: Well... It isn't that it's too late, but it IS ongoing. [View All]

[Crachet2004]

I think part of why they hate Clinton so badly, was that he is an Internationalist. While he was President, we witnessed the cementing of the European alliance-a potential adversary, in some peoples eyes-and worse, the advent of the Euro.

Again, what underpins (I am not saying 'backs'), but what has made the dollar valuable since Nixon took us off the gold standard, is that you can buy oil with it. And you could'nt buy oil without it. Everyone needs oil, it is always one of the largest items of forex...so most nations simply use dollars for all forex.

Except that now, the Russians are selling the EU oil for Euros...remember the French and Germans hurrying to Moscow as our army advanced through Iraq? Historically, Europeans always turn to Russia when they feel threatened...a Russian Czar liberated Paris from Napolean the first time he was defeated-rode at the head of an allied army. Of course, Russia has never been given a prominent place in histories published in America. Today, Russia is still plenty strong enough to stand against us...and they did. The French and German furor over our invasion was'nt because they are nice guys...they had oil contracts to develope fields, and all payments were being made in Euros.

Now, we have an American Army in the middle of the oil fields. Saudi Arabia is being destabilized...now I wonder who is behind all that? Is it really possible American Intelligence supports guerrila (terrorist) groups? Have we ever worked with Ben Laden before? Who flew right after 911? We know they do! The bulk of Saudi oil is in the East of the country, not that difficult to occupy, from Iraq. War is being trumped up against Iran. Should Iran go to the Euro, we (or the Israeli's) will start a war with them. We will win. The world will continue to pay for it's oil in dollars.

Here is something I think most people lose track of: Texans DON'T CARE what the price of oil is. We still pump almost half our own needs, and don't ship it nearly as far. Texans LIKE high oil prices. But. All the oil, except what Russia sells the EU, is going to continue to be paid for in dollars. Or this country will be beat on the battlefield...one of the two. Or. Kerry cuts a deal with the Europeans, and a dual 'trading band', a linkage will be set up, between, say the dollar, euro, and sterling. This is what I want...no war that way.

Or. The Malaysians are setting up a gold dinar, backed by gold, for trade between 51 Islamic nations. If the fiat currencies, EU and dollar, do not come to agreement, this dinar, which China is said to be interested in, may gain favor.

Like some have said, it may be a war on Terra. But that trading thing you mentioned, or whatever, between China and Saudi...no way. Look down at Venezuela...commodity exchanges like that, thereby avoiding the dollar, are why Chavez is in so much trouble.

H20 is correct in saying "follow the money", but the big money is the national debt we owe, which nobody else can do, because nobody else (until the Euro), has their currency tied up in everyone else's forex. Come the day those dollars are exchanged for Euros, and hit the market, we have had it. Needs to be done slowly, in agreement with the EU, to lessen damage to the world economy.

Like I said, Russia is the key. That was Bushes BIGGEST foreign policy blunder. Putin offered him longterm contracts for oil at twenty bucks a barrel, and Bush turned it down, said the Russian oil is too heavy. The Europeans took it.