World War 3 & the Petrodollar

Chuck

Active Member
Perhaps the intent and contents of this video have been covered elsewhere, but I couldn't find anything specifically related to this particular video's assertions. I have a relatively large block of friends who buy into this monolithic global conspiracy theory centered around the FED and it's complicit partners. Though U.S. foreign policy seems to make more sense when viewed through the lens presented in this video, the paradigm of the video's producer (stormcloudsgathering) appears far too simplistic.

[video=youtube_share;HP7L8bw5QF4]http://youtu.be/HP7L8bw5QF4[/video]

To debunk: Is U.S. military aggression in the Middle East centered singularly around the petrodollar? In other words, is the petrodollar the common denominator in all Middle East U.S. foreign policy decisions?

To debunk: As the video portends, will WW3 (which they argue is already underway) be a direct result of current U.S. foreign policy?

Following is another tenet of this video producer:

 

Mick West

Administrator
Staff member
5:25
That makes no sense. They don't just replace the Euro sign with a Dollar sign. The price in Euros is different from the price in Dollars, just like it's different in Pounds Sterling, Canadian Dollars, or Dutch guilders.

He also seems to gloss over the reasons for the first gulf war.

Its clear that OPEC sales being made in dollars in the interest of the US status quo, and that changing to Euro's would change this status quo. But what's very arguable is the magnitude.

His argument boils down to "mad bankers are deliberately pushing us into WWIII to prop up the dollar, and now is the time for armed resistance".

It's unclear how global nuclear war is supposed to help the fed, or why anyone would consider it an acceptable cost.
 

Oxymoron

Banned
Banned
Britain and the U.S have sought to control M.E oil since ww1. It is documented. It is still going on now.

The U.S is already at war with Iran and has been for a very long time. They are doing exactly the same as they did to Iraq via sanctions and I suggest they are preparing the way to go to physical war, probably using Israel as a catalyst.

1) They are entitled to have nuclear power.
2) There is no evidence that they are seeking nuclear weapons and they deny it. Iraq again?
3) In fact they issued a fatwa saying that they would never have a nuclear weapon as it is anti Islamic.
4) Israel has had nuclear weapons for years and they are warmongers
5) Bringing freedom? I think not.
6) Attempting to instigate Armageddon? Highly possible as Obama seems keen on carrying on Bush's aims.



A potted history of British and U.S regime changes in Iran and the control of their oil. the clue is in the name 'Anglo Iranian Oil Company'.



Then came 'Dual Containment', which basically means that the two Countries to be contained, are set to war and given the armaments etc to virtually destroy themselves.

http://en.wikipedia.org/wiki/Dual_containment

 

Mick West

Administrator
Staff member
What about the petrodollar though Oxy? Would "they" risk WWIII just so ME oil is priced in dollars rather than Euros?
 

Oxymoron

Banned
Banned
What about the petrodollar though Oxy? Would "they" risk WWIII just so ME oil is priced in dollars rather than Euros?
I have heard the argument that the change from dollars to Euro's pretty much incensed 'them' and they quickly put Iraq oil back to dollars after the invasion didn't they.

Seems like there is an argument there in regards to currency wars and keeping the dollar and U.S pre eminent. I don't think 'they' are too happy about BRIC and some other competition from new Commodity Exchanges in the East, even though it is still pretty much in it's infancy.

http://en.wikipedia.org/wiki/BRIC

What do you think?
 

Mick West

Administrator
Staff member
I have heard the argument that the change from dollars to Euro's pretty much incensed 'them' and they quickly put Iraq oil back to dollars after the invasion didn't they.

Seems like there is an argument there in regards to currency wars and keeping the dollar and U.S pre eminent. I don't think 'they' are too happy about BRIC and some other competition from new Commodity Exchanges in the East, even though it is still pretty much in it's infancy.

http://en.wikipedia.org/wiki/BRIC

What do you think?
It's not a subject I'm very familiar with. It would be interesting to see the actual magnitudes of the figures involved in context. Also how do countries like Japan, Germany, Australia, and France fit into the picture.
 

Mackdog

Senior Member.
I've been thinking for some time now that the "uprisings" in the middle east and north africa are pretty much the signs of a new "cold war" going on between the west (USA, UK, NATO, Israel ect..) and the rest of the world powers (Russia, China, Iran) to basicly stake their claim to the natural resources and land in the mid east and central asia. On one hand we have China, a growing world super power, and Russia, still a staunch opponent of the west despite the fall of communism. This to me adds up to the perfect storm for a cold war/global proxy war fought between both sides. Just like the korean and viet nam wars were proxy wars between communist china and the US, and how the soviet afghan war was a proxy war between the USSR and the USA.

It appears that US and Israel are arming the FSA rebels in Syria just like they did in Libya 2 years ago, and I think that is one small part of a bigger picture where the west is trying to control the nations in the mid east and asia. By deposing these more powerful "regimes" like in syria, it also allows the US and Israel to wage war against Iran without the help of the Assad regime and its hezballah fighters to back up iran when the time comes.

As for past terrorist attacks on the US, I firmly believe that it was our foreign policy that got us into so much trouble. Thats why we were targeted, as stated in Bin Ladens 1996 and 1998 fatwas. Also, our continuing support of Israel and the fact that they have been taking over palestinian land by force for decades now, also was a motivation for the attacks from 1993 to 2001, as stated by bin laden himself numerous times. There is a good you tube channel called "representative press" that shows all of the proof for the motivation for these attacks and how the media is complicit in covering up the motivations for islamic terrorism.
 

jvnk08

Senior Member.
The notion that the US is heavily dependant on Middle Eastern oil is misinformed. Roughly 13%(less by now, I believe) of total imports comes from the Middle East. On a broader level, the US actually isn't even that dependent on foreign oil anymore either:

(For reference, we consume ~19 million barrels per day as of 2011: source)

http://www.washingtonpost.com/blogs...here-the-u-s-gets-its-oil-imports-in-one-map/



Here's another nice piece from NPR on where the US gets its oil:

http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised

So, I think it's safe to say that waging "world war 3" over their choice in currency is unlikely.
 

Oxymoron

Banned
Banned
The notion that the US is heavily dependant on Middle Eastern oil is misinformed. Roughly 13%(less by now, I believe) of total imports comes from the Middle East. On a broader level, the US actually isn't even that dependent on foreign oil anymore either:

(For reference, we consume ~19 million barrels per day as of 2011: source)

http://www.washingtonpost.com/blogs...here-the-u-s-gets-its-oil-imports-in-one-map/



Here's another nice piece from NPR on where the US gets its oil:

http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised

So, I think it's safe to say that waging "world war 3" over their choice in currency is unlikely.
That has always been the case but it does not negate the wish to control M.E oil. It is explained in the video above that it is necessary, one to ensure oil to the west and 2, as a means of profiteering.
 

Mick West

Administrator
Staff member
That has always been the case but it does not negate the wish to control M.E oil. It is explained in the video above that it is necessary, one to ensure oil to the west and 2, as a means of profiteering.
But what exactly would happend if the US did not "control" M.E. oil? Let's say all of OPEC switched to selling oil in Euros. What would happen? What's the magnitude? Is it really WWIII-worthy?
 

jvnk08

Senior Member.
But what exactly would happend if the US did not "control" M.E. oil? Let's say all of OPEC switched to selling oil in Euros. What would happen? What's the magnitude? Is it really WWIII-worthy?
I assume the US would continue the current trend of escalating imports from Canada and internal production.

But those countries love our money, so realistically I don't think they'd stop trading with us even if they started trading in Euros, which is far-fetched imo).
 

Oxymoron

Banned
Banned
But what exactly would happend if the US did not "control" M.E. oil? Let's say all of OPEC switched to selling oil in Euros. What would happen? What's the magnitude? Is it really WWIII-worthy?
Ah, just refreshed on it.

http://en.wikipedia.org/wiki/Petrodollar_warfare

And those that aren't are on the S..t list and are at risk of having their Governments overthrown by CIA activity, sanctions or all out war.

This bit seems slightly convoluted but perhaps someone may like to clarify it.

So does having the oil in Euro's make you a political enemy, or is it that political enemies prefer Euro's for another reason.

This all gets a bit moot when oil is bartered as is happening in Iran but the principle remains.

http://www.caseyresearch.com/cdd/demise-petrodollar
Any ideas?
 

Mick West

Administrator
Staff member
This seems to be a very minor theory, judging by it's representation on Wikipedia. Without numbers attached to the various claims there it's difficult to give it much credence.

And do "they" even want a strong dollar?

http://www.marketwatch.com/story/us...-fairy-tale-that-sends-a-message?pagenumber=2

 

Cairenn

Senior Member.
Europe is more dependent on mid east oil. The important thing to remember is that as the current financial crisis in Europe is showing, the Euro is not as a dependable currency as the US dollar.

China holds millions of US dollars, if the value of the dollar dropped drastically, they would hurt their selves. One thing about globalization is that the more trade and investment is spread out among the world, the more doing something to 'hurt' another country ends up hurting you as well.
 

Mackdog

Senior Member.
The notion that the US is heavily dependant on Middle Eastern oil is misinformed. Roughly 13%(less by now, I believe) of total imports comes from the Middle East. On a broader level, the US actually isn't even that dependent on foreign oil anymore either:

(For reference, we consume ~19 million barrels per day as of 2011: source)

http://www.washingtonpost.com/blogs...here-the-u-s-gets-its-oil-imports-in-one-map/



Here's another nice piece from NPR on where the US gets its oil:

http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised

So, I think it's safe to say that waging "world war 3" over their choice in currency is unlikely.
I think your right about the U.S. becoming less dependent on foreign oil, however we currently get a big chunk of our heavy crude from the middle east, because north america has very little of that type of oil. But after however many decades we have been trying to become energy independent, and after creating the department of energy, who's main purpose was to get us off of foreign oil, we are now poised to become the worlds leading producer of natural gas and wet gas. Thanks to the innovation of oil companies and high tech. hydraulic fracturing and drilling operations, in other words, the U.S. in the next saudi arabia...with that said, I highly doubt the conspiracy theory regarding WW3 being waged because of oil and currency. But a global cold war fought between the east and west seems to be taking place. And to an extent, land and natural resources come into play...as they always do in wars.
 

Cairenn

Senior Member.
We don't get much oil of any type from the mid east, there are closer sources than them, such as South America and Canada. Canada, Mexico and Venezuela all produce heavy crude, but is not as desirable as a light, sweet crude.



http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised


Here is a nice map to illustrate it.




http://www.washingtonpost.com/blogs...here-the-u-s-gets-its-oil-imports-in-one-map/
 

Lost World

New Member
In this age of 'clever speak' semantics and pedantics we could find ourselves in a global conflict with no one other than 'web warriors' calling it out as it really is.

Is there a plan to stage a global nuclear war for oil and/or to save the $USD? I wouldn't have thought so personally. This whole question of who benefits is kicked to the curb by the concept of global nuclear war because no one would benefit. Not the US Federal Reserve, Deutche Bank, The BOE, or anyone. There has always been one scheme or another to control ME oil. That's nothing new.

However, is there a risk of world war? Yes, I think so, and although in all probability this would be triggered out of events in the Middle East, I don't believe for a minute that it is the actual aim. It's more likely to start with a major terrorist attack on Israel, linked to Hezbollah and Iran, prompting a huge Israeli response, which could lure Russia into the mix in defence of Iran. In which case NATO would have little choice but to step in, both in defence of Israel and to ensure the Iranian oil fields don't fall into Russian hands. This situation would come about not through careful planning and conspiracy, but sheer fear and rage induced violence spiraling out of control. That situation would be terrifying and unpredictable, at least not in part because the Russians may find themselves in a 'use them or lose them' situation with their aging strategic nuclear weapons systems.

I think it was Terrance McKenna who once said, and I paraphrase "There is this idea that a small cabal of elites has control of everything, but there is a theory far more frightening than that, and that is that no one has any control over anything"

In any case, pay careful attention to what is happening in Syria right now, and how that conflict is spreading and escalating, bringing in Hezbollah on the side of Assad. Watch how the west will start arming the rebel groups, and watch how these weapons fall into the hands of radical Islamist factions. An attack on Israel, be it from a military response to another airstrike on Syrian soil, or a terrorist event, is on the cards. It's coming.
 

Cairenn

Senior Member.
Another thing to remember is that the Saudis don't like the Iranians either. We don't need to worry about the Russians getting Iran's oil fields, Russia has a LOT of oil itself. China would be upset, since they are getting a lot of oil from Iran, the west isn't getting it now.

Is a major nuclear war possible?, yes, as long as countries have the weapons, however is it very low on priorities. NO ONE would win, ALL would lose.
 

TOMCOPELAND

New Member
Another thing to remember is that the Saudis don't like the Iranians either. We don't need to worry about the Russians getting Iran's oil fields, Russia has a LOT of oil itself. China would be upset, since they are getting a lot of oil from Iran, the west isn't getting it now.

Is a major nuclear war possible?, yes, as long as countries have the weapons, however is it very low on priorities. NO ONE would win, ALL would lose.
The two main players in the middle east are Iran and Saudi Arabia- one is Shia and the other is Sunni- The conflict in Syria goes back decades and the biggest backers of the Syrian Sunni rebels is Saudi Arabia. This is due mostly due to the opposition of the Sauds to a proposed gas pipeline that would link Iran Iraq and Syria to Europe run by Gazprom. Hence this is the reason also why Putin and Russia have staked their claim and will not leave. The Saudis have asked for US support in ousting Assad but Obama refused which is why the Saudis turned down the UN Security seat and also why there is so much chatter the Saudis moving away from the petrodollar and thus imperiling the value of US Treasuries - therefore US interest rates -

With regard to the Shiite and Sunni conflict it is the the main driver of tension in the middle east- with each country jockeying for position on how to best export energy reserves and gain and keep access to the precious water resources.
 

Cairenn

Senior Member.
And add into the Shia / Sunni conflict, those Muslims that are looking for a more liberal, more Western style Islam.

It is about time for a 'Muslim Reformation' , especially in the Sunnis, but also in the Shias as well. Add in countries with borders that ignored tribal, religious and ethnic areas, and you have the basis for a huge mess.

The house of Saud made a deal with the Wahhabis, to ensure their power, that is also an uncomfortable relationship.

The presence of the internet, adds to it.

During the first uprising in Egypt, one of my gamer 'friends' was in the square demonstrating. He would go back to his flat for some rest and clothes and he would upload videos of what was happening that him and his friends took in our game Skype room. About 2 years ago, a Syrian gamer 'friend' gave me his hotmail PW so he could see if the government was blocking his email. They were. Him and his family are safe in Saudi.

It is going to take some time for the mid east to settle down, and the same with the severed Soviet Union.
 

Chute

New Member
Another thing to remember is that the Saudis don't like the Iranians either. We don't need to worry about the Russians getting Iran's oil fields, Russia has a LOT of oil itself. China would be upset, since they are getting a lot of oil from Iran, the west isn't getting it now.

Is a major nuclear war possible?, yes, as long as countries have the weapons, however is it very low on priorities. NO ONE would win, ALL would lose.
For what its worth, it appears the Chinese will have access to Saudi oil also. I've read speculation the two have cozied up since the U.S. backed off on taking Assad out, which angered the Saudis. But this deal clearly predates all of that. http://www.saudiaramco.com/en/home/...-operations%2Fprojects%2Fyasref.baseajax.html
 

Rroval

Member
In this age of 'clever speak' semantics and pedantics we could find ourselves in a global conflict with no one other than 'web warriors' calling it out as it really is.

Is there a plan to stage a global nuclear war for oil and/or to save the $USD? I wouldn't have thought so personally. This whole question of who benefits is kicked to the curb by the concept of global nuclear war because no one would benefit. Not the US Federal Reserve, Deutche Bank, The BOE, or anyone. There has always been one scheme or another to control ME oil. That's nothing new.

However, is there a risk of world war? Yes, I think so, and although in all probability this would be triggered out of events in the Middle East, I don't believe for a minute that it is the actual aim. It's more likely to start with a major terrorist attack on Israel, linked to Hezbollah and Iran, prompting a huge Israeli response, which could lure Russia into the mix in defence of Iran. In which case NATO would have little choice but to step in, both in defence of Israel and to ensure the Iranian oil fields don't fall into Russian hands. This situation would come about not through careful planning and conspiracy, but sheer fear and rage induced violence spiraling out of control. That situation would be terrifying and unpredictable, at least not in part because the Russians may find themselves in a 'use them or lose them' situation with their aging strategic nuclear weapons systems.

I think it was Terrance McKenna who once said, and I paraphrase "There is this idea that a small cabal of elites has control of everything, but there is a theory far more frightening than that, and that is that no one has any control over anything"

In any case, pay careful attention to what is happening in Syria right now, and how that conflict is spreading and escalating, bringing in Hezbollah on the side of Assad. Watch how the west will start arming the rebel groups, and watch how these weapons fall into the hands of radical Islamist factions. An attack on Israel, be it from a military response to another airstrike on Syrian soil, or a terrorist event, is on the cards. It's coming.
I think there are many errors with this, first of all the notion of a 'world war' starting in the middle east pays allusions to Biblical prophecies (which is rather what the whole "WW3" thing is about actually) and also it's highly unlikey that Iran would stage a terrorist attack on Israel and plus Iran and Russia don't have analogues either so I don't think Russia would come to Iran's defense if they got attacked.
 

SR1419

Senior Member.
For what its worth, it appears the Chinese will have access to Saudi oil also. I've read speculation the two have cozied up since the U.S. backed off on taking Assad out, which angered the Saudis. But this deal clearly predates all of that. http://www.saudiaramco.com/en/home/our-operations/projects/yasref.html#our-operations%7C%2Fen%2Fhome%2Four-operations%2Fprojects%2Fyasref.baseajax.html
China has had access to KSA oil for decades. This particular refinery is for oil with a high sulfur content that refineries in the West typically can't process.

What this does is underscore the fact that China is now the World's biggest importer of Oil and will be interesting to see how it handles all the geo-political baggage that goes with that.

The US only receives about 10% of its imported crude oil from the KSA (depending on year and how its measured) and "only" imports about 40% of the oil it consumes. The percentage has been declining for the most of the last decade.

http://www.eia.gov/energy_in_brief/article/foreign_oil_dependence.cfm

Elodie-China4.jpg
 
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SR1419

Senior Member.
I think there are many errors with this, first of all the notion of a 'world war' starting in the middle east pays allusions to Biblical prophecies (which is rather what the whole "WW3" thing is about actually) and also it's highly unlikey that Iran would stage a terrorist attack on Israel and plus Iran and Russia don't have analogues either so I don't think Russia would come to Iran's defense if they got attacked.

Wait- why would Iran fake a terrorist attack on Israel?? o_O

(Sorry- Metabunk inside joke...long story...)

I think the current situation in Ukraine is actually very dangerous and it seems to me could devolve much more quickly than the proxy BS in Syria...
 

Rroval

Member
I think the current situation in Ukraine is actually very dangerous and it seems to me could devolve much more quickly than the proxy BS in Syria...
How so? Well first of all Ukarine and Crimea neither is a member of the EU or NATO so I can't see how exaggeratedly dangerous whatever your thinking of can get.
 

SR1419

Senior Member.
How so? Well first of all Ukarine and Crimea neither is a member of the EU or NATO so I can't see how exaggeratedly dangerous whatever your thinking of can get.

really?

The potential for a major civil war/conflict on the border of (if not in) Europe with Russian troops marching...and you do not see the danger in that?

meanwhile- back at the White House:

Ukraine is not a member of the EU or NATO- but it was trying to become a member of the EU- or at least develop closer trading relations- had not Russia got in the way. How the EU will react this remains to be seen but with Russian troops on the move and the fate of its Black Sea fleet at stake, I think its a very dangerous situation.

To me, this situation seems much more dangerous than proxy war by IED in Syria...
 
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Joe

Senior Member
Putin is shaking in his boots :)
 

Joe

Senior Member
Understanding Geopolitics in that region explained by Caspian Report . A good YT channel IMO .
 

the koolaid

Banned
Banned
i knew that shit will hit the fan. I knew it all this time. And yet, no one beleived me. NO ONE did.
all of youa re so dumb for believing in the us government. Hahhahaha when you all DIE soon by nuclear fire preapre to see the end of life.

people like myself... I knew it... But no one revolted........ Hahahahaha
 

Pete Tar

Senior Member.
Really, you were the single lone voice proclaiming doom? I think you are a member of a respectfully-sized group of like-minded people who have been pronouncing the end for thousands of years.
 

Joe

Senior Member
i knew that shit will hit the fan. I knew it all this time. And yet, no one beleived me. NO ONE did.
all of youa re so dumb for believing in the us government. Hahhahaha when you all DIE soon by nuclear fire preapre to see the end of life.

people like myself... I knew it... But no one revolted........ Hahahahaha
Well The Shit didnt hit the fan and may or may not ever . Im prepared if it does but even I doubt it ever will . Revolt against what ? Who ? What would it accomplish ? Anarchy is a vacuum something has to fill that vacuum and its usally worse afterwards . That might be exactly what they want ?
 

00Mark

New Member
There is a strong case that US policy in the ME is driven by its domestic pro-Israeli lobby rather than concern about oil or petrodollars. See http://www.lrb.co.uk/v28/n06/john-mearsheimer/the-israel-lobby

"We maintain that US policy in the Middle East is driven primarily by the commitment to Israel, not oil interests. If the oil companies or the oil-producing countries were driving policy, Washington would be tempted to favour the Palestinians instead of Israel. Moreover, the United States would almost certainly not have gone to war against Iraq in March 2003, and the Bush administration would not be threatening to use military force against Iran."

It's a long article and a few years old now but the basic premise still seems valid (to me, anyway.)
 

Landru

Moderator
Staff member
There is a strong case that US policy in the ME is driven by its domestic pro-Israeli lobby rather than concern about oil or petrodollars. See http://www.lrb.co.uk/v28/n06/john-mearsheimer/the-israel-lobby

"We maintain that US policy in the Middle East is driven primarily by the commitment to Israel, not oil interests. If the oil companies or the oil-producing countries were driving policy, Washington would be tempted to favour the Palestinians instead of Israel. Moreover, the United States would almost certainly not have gone to war against Iraq in March 2003, and the Bush administration would not be threatening to use military force against Iran."

It's a long article and a few years old now but the basic premise still seems valid (to me, anyway.)
This is not a political discussion forum.
 

Gary Cook

Active Member
It's unclear how global nuclear war is supposed to help the fed, or why anyone would consider it an acceptable cost.
He believes as do I that the chaos would create a situation where globalists that have committed crimes against humanity, allegedly, could make us so dependent on them for our survival so that we could not bring them to justice.

Just saying that's his general claim. One which I agree with. I watch all his videos but I dont agree with everything he says. He can be a bit of an attention seeker.
 

Sonotrue

New Member
Perhaps the intent and contents of this video have been covered elsewhere, but I couldn't find anything specifically related to this particular video's assertions. I have a relatively large block of friends who buy into this monolithic global conspiracy theory centered around the FED and it's complicit partners. Though U.S. foreign policy seems to make more sense when viewed through the lens presented in this video, the paradigm of the video's producer (stormcloudsgathering) appears far too simplistic.

[video=youtube_share;HP7L8bw5QF4]
To debunk: Is U.S. military aggression in the Middle East centered singularly around the petrodollar? In other words, is the petrodollar the common denominator in all Middle East U.S. foreign policy decisions?

To debunk: As the video portends, will WW3 (which they argue is already underway) be a direct result of current U.S. foreign policy?

Following is another tenet of this video producer:

outfacted
War is always about power that is really not news.

Even though most americans think that they are fighting for "freedom". (Which is funny)

War has always been about power and is always about power and will always be about power and YET people are not learning and keep supporting it and believing the lies. Humanity is just really dumb.
 

jaydeehess

Senior Member.
The aftermath of a global nuclear war will see little to no heavy industry, little to no high tech industry, and complete loss of the international banking system that supposedly, the perpetrators of it wish to keep intact. Furthermore there is no garuntee that the people who are behind it will even personally survive.

Forget the adage about shooting yourself in the foot, this is shooting yourself in the head!

There simply are no winners in a global nuclear war, to argue otherwise is insanity, IMHO.

That said, the greatest losers will be the industrial west. The much larger countries and populations if Russia and China will fare "better".
 

Gary Cook

Active Member
The aftermath of a global nuclear war will see little to no heavy industry, little to no high tech industry, and complete loss of the international banking system that supposedly, the perpetrators of it wish to keep intact. Furthermore there is no garuntee that the people who are behind it will even personally survive.

Forget the adage about shooting yourself in the foot, this is shooting yourself in the head!

There simply are no winners in a global nuclear war, to argue otherwise is insanity, IMHO.

That said, the greatest losers will be the industrial west. The much larger countries and populations if Russia and China will fare "better".
Considering there is more money owed to China than the USA I would disagree. Plus we have no idea how the elitists would fair, not really. We dont know about what tech they have for sure and their ability to survive. Plus they could potentially avoid nuking certain area and live there. Albeit added by what ever tech they have to survive the fallout from other places etc.

It is a bit of a wild claim though. That I agree with. Just not complelty unfounded. Even aside from a potential nuclear war hundreds of nukes have been detonated and continue to pollute the world to varying degrees.
 

Oxymoron

Banned
Banned
5:25
Content from external source
[after the second Iraq war] switching back to the dollar meant a 15-20% loss in revenue, due to the Euro's higher value
That makes no sense. They don't just replace the Euro sign with a Dollar sign. The price in Euros is different from the price in Dollars, just like it's different in Pounds Sterling, Canadian Dollars, or Dutch guilders.
It is a big deal because other countries have to buy the U.S$ in order to buy oil. It is what allows the Fed to create as many trillions of dollars as it wants, thereby purchasing goods and services effectively for nothing and being able to fund its massive war machine.

All this is changing. Countries are ditching the $ and it has been declining for a long time against other currencies.

This site gives a thorough yet succinct history and analysis of the petrodollar.

http://www.mantalkmagazine.com.au/the-power-of-iraqi-oil-and-us-interventionism/
U.S foreign policy and geopolitical maneuvering are seeing massive dumping of the U.S dollar and deals being struck to bypass the USD.

http://www.paulcraigroberts.org/2014/05/12/fed-great-deceiver-paul-craig-roberts/
http://modernsurvivalblog.com/the-economy/when-the-dollar-is-no-longer-a-reserve-currency/
http://www.zerohedge.com/news/2014-...ystery-belgium-buyer-adds-another-whopping-40
http://ronmamita.wordpress.com/2014...casino-fight-imf-and-u-s-treasury-hypocrites/

http://thesantosrepublic.com/2012/01/25/sovereigns-declare-war-on-us-dollar/

There is really no need to have a Global Reserve Currency, it is an artificial construct designed to enrich America at the expense of other nations, which is what it has done.
 
Last edited:

Cbrian

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5:25
 
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