20-02-2012, 09:51 AM
(19-02-2012, 11:15 PM)corydorus Wrote: Main reason I feel US will gain enough support to sabotage Iran is that they have abandoned USD.
Is the life blood of America.
Without USD as World Currency, there is no way United States of America can continue their way of life.
This I agree. The americans are desperate to keep the dollar and oil exchange running for as long as they can. If singapore wants to buy oil and go to the arabs and offer S$, the arabs will tell us to go earn US$ and bring it for exchange. Everybody in the world has to earn US currency to buy things.
But the americans only need to keep printing it and they can use it to buy anything in the world. The us$ is the world currency for many things. oil, commodities, peanuts the only reason preventing the american economy from collapse is whatever they printing off their press is always in demand. The number 1 export in America is the US currency not their cars or nike shoes.
The current crisis in the middle east isn't really about nuclear weapons, is about challenge to the leadership in the middle east, challenge to America. Americans are like school bully, going around beating people taking their school lunch but what if one day somebody comes to school with a knife? If the Iranians manage to acquire nuclear capability they may not want to agree anymore to exchange their oil for colorful bits of paper.
But you see if that happens it will become a global social problem. If everybody follow the Iranians nobody wants US$ anymore there's going to be a lot of problems. Many american corporations will go under, we talking layoffs in the millions. You couldn't buy anything because those who have things to sell don't want US$ and want other currencies or other things, we talking financial ruin for many.