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If they had, we would have truly enormous inflation. Some have, so we have SOME inflation. Saudi had diversified, but once the US army parked on their doorstep, they went back to strictly dollars.
No, while our military is right in the middle of the oilfields, and with a powerful Israeli ally close by, and of course, we still have England with us...whether the English people want it or not...no, the major currency on this planet will remain the dollar. To buy oil, you will need dollars, to trade with America's asian clients, some of them economic powerhouses in their own right (Japan has long been number two), you will need dollars. And of course, to trade with the US, you will need dollars.
Some nations are diversifying, but few are as powerful as Russia, who may spit in our eye, as Putin has, and in combination with Russia, the EU. China however, has seven carriers off the coast. China has diversified to a certain extent, but should they forgo the dollar, how hard do you think it would be (behind the scenes) for us to tell Taiwan to declare independence? China has painted themselves into a corner on this. It would mean war. And we would 'have to' defend Taiwan.
And the administration has made it clear the war on terror may involve our crushing 50 or more nations.
I guess it really depends on whether you believe the war on terror is real, or simply an excuse to attack anyone we want to. We also claim the right to invade 'some' nations-like Iraq-over WMD...and Iraq did'nt even have any. But Iraq had just gone to the Euro...and North Korea has, and Iran was threatening, at the time Bush made his Axis of Evil speech. Iran still IS threatening, if they have'nt diversified or divested already.
These are'nt my ideas, by the way, and as I said, Lestatdelc did a better job than I ever could in explaining things...the English used to call it 'The Great Game'. and they are right in the middle of it, to this day, irregardless of what their people may want. If Blair loses, the Tories will win, and the game will continue; just as it will if John Kerry wins on our side of the water.
Much of what has been posted here, is more like organized crime...Bush is definitely out of control, and has certainly made a botch of things, and will be removed in November, if not sooner. I am talking about the game of nations...sums of money so large, they represent, not personal gain, but power and control. America's control, and the mechanism whereby we bring it about. Bushco are agents...the gang that could'nt shoot straight. He must go, before the American People demand we bring the troops home, such a mess has he made of things. He is toast, and Kerry will not pull the troops out. We all know long term bases are being built in the desert. It is not tinfoil, simply the facts.
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