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US threatens to limit Iraq access to key bank account WSJ, US behaving like the mafia. (Original Post) dewsgirl Jan 2020 OP
WTF 😱😱😱 secondwind Jan 2020 #1
And 45 million very stupid people applaud...America is broken, you dumb fuck rumpers broke it Eliot Rosewater Jan 2020 #2
The idiot is going to bring an end to the petrodollar bitterross Jan 2020 #3
Let's add this to the discussion. Wellstone ruled Jan 2020 #5
Well, after all, Trump does work for Putin. Just d oing his job. (sarcasm) triron Jan 2020 #12
There is a history to ending petrodollar oil contracts. alwaysinasnit Jan 2020 #7
Add Libya to the list malaise Jan 2020 #8
You're right, and I am sure there are many others. alwaysinasnit Jan 2020 #9
Be careful when posting Zero Hedge JonLP24 Jan 2020 #15
Thanks for the tip. I found this article that also says Venezuela no longer takes dollars for alwaysinasnit Jan 2020 #18
Don't know anything about them JonLP24 Jan 2020 #19
Thanks. I will keep your warning in mind if I see Zero Hedge again. alwaysinasnit Jan 2020 #20
Surprised it has not all ready happened. Wellstone ruled Jan 2020 #16
Thugs are gonna be thugs Botany Jan 2020 #4
I do to, but I see the Trump admin. refusing. Where that will dewsgirl Jan 2020 #22
Precedent enid602 Jan 2020 #6
So tRump is blackmailing Iraq. Duppers Jan 2020 #10
Great thread dewsgirl but the replies scare the hell out of me erlewyne Jan 2020 #11
Indeed they are very scary.. he set off an awful chain of dewsgirl Jan 2020 #17
In foreign policy, certainly, that characterisation seems apt. Ghost Dog Jan 2020 #13
I thought I was just joking earlier safeinOhio Jan 2020 #14
You win...yikes.😳 dewsgirl Jan 2020 #23
Full article not behind a firewall here: muriel_volestrangler Jan 2020 #21
I originally read it on Raw Story, but I know people here don't dewsgirl Jan 2020 #24
 

bitterross

(4,066 posts)
3. The idiot is going to bring an end to the petrodollar
Sat Jan 11, 2020, 02:52 PM
Jan 2020

Putin must be ecstatic. Oil is traded in dollars. Countries end up being forced to use dollars for the oil trading transactions. China, Russia, Iran, N. Korea and others could standardize on something like a petroYuan. China's currency. In recent times Russia, Venezuela, Syrian, N. Korea, India and Iran have signed deals in their currencies. Not in dollars.

They're going to tell us to F-off and stop using dollars. Then, because we've printed so much paper backed by nothing, the value of the dollar is going to plunge and we will have inflation.

Keep winning there Trump administration.

 

Wellstone ruled

(34,661 posts)
5. Let's add this to the discussion.
Sat Jan 11, 2020, 03:02 PM
Jan 2020

Putin sells Oil in Euro's and other Currencies to avoid being dependent on PetroDollars.

So,the Orange Anus and Manuchin wants to tell Iraq they can not use the Oil payment System. The SWIFT which is the international currency exchange system is tied to the Oil Payment System. Lot's a luck Suckers.

China And Russia are working on the ground in the Middle East to kick our sorry asses to the curb.

alwaysinasnit

(5,075 posts)
7. There is a history to ending petrodollar oil contracts.
Sat Jan 11, 2020, 03:15 PM
Jan 2020

Saddam Hussein announced in late 2000 that he wanted to be paid in Euros instead of dollars. A few years later, the US invaded Iraq.
(sorry, there is a paywall - http://content.time.com/time/magazine/article/0,9171,998512,00.html)
This is possibly a coincidence. Venezuela also has turned its back on petrodollar oil contracts (see https://www.zerohedge.com/news/2017-09-14/oil-rich-venezuela-stops-accepting-dollars) and I imagine there are other oil-exporting countries attempting to do the same.

But I don't think it stops there. I believe there is a very real push to knock the dollar off as the world's currency (see https://www.cnbc.com/2017/10/11/the-us-dollar-may-be-at-risk-as-the-global-reserve-currency.html). If that is so, the US will lose much of its hegemony. It is all about power and who wields it IMO.

JonLP24

(29,322 posts)
15. Be careful when posting Zero Hedge
Sat Jan 11, 2020, 04:52 PM
Jan 2020

Over time Zero Hedge expanded into non-financial analysis,[c] advocating what CNN Business called an anti-establishment and conspiratorial worldview, and which has been associated with alt-right views,[9][10] and a pro-Russian bias.[11][12][13]

Zero Hedge in-house content is posted under the pseudonym "Tyler Durden"; however, the founder and main editor was identified as Daniel Ivandjiiski.[8]

https://en.m.wikipedia.org/wiki/Zero_Hedge

JonLP24

(29,322 posts)
19. Don't know anything about them
Sat Jan 11, 2020, 06:06 PM
Jan 2020

I am well aware of Zero Hedge though. I first heard of them when they were pushing Ukraine or Russia denial during the impeachment hearings.

 

Wellstone ruled

(34,661 posts)
16. Surprised it has not all ready happened.
Sat Jan 11, 2020, 05:00 PM
Jan 2020

Cheney destroyed Iraq because of the threat to use other Currencies other than Dollars.

enid602

(8,659 posts)
6. Precedent
Sat Jan 11, 2020, 03:04 PM
Jan 2020

Does this mean we’ll freeze Western European bank accounts when we’re asked to leave those countries? We haven’t paid our NATO dues for almost two years now.

erlewyne

(1,115 posts)
11. Great thread dewsgirl but the replies scare the hell out of me
Sat Jan 11, 2020, 04:21 PM
Jan 2020

We are printing money backed by soon to be worthless Petroleum.

dewsgirl

(14,961 posts)
17. Indeed they are very scary.. he set off an awful chain of
Sat Jan 11, 2020, 05:12 PM
Jan 2020

events, when he decided to assassinate a top leader of a middle eastern country. Of course in Trump's eyes, impeachment is to blame.

 

Ghost Dog

(16,881 posts)
13. In foreign policy, certainly, that characterisation seems apt.
Sat Jan 11, 2020, 04:40 PM
Jan 2020

A bullying organised crime outfit backed up by real financial-system as well as brute power.

muriel_volestrangler

(101,390 posts)
21. Full article not behind a firewall here:
Sat Jan 11, 2020, 06:39 PM
Jan 2020

However, they've probably stolen it from the WSJ - the site does not look like a regular news organisation, and Twitter says about their Twitter account it has "seen unusual activity - do you want to proceed?". Use this if at your own risk:

https://www.fr24news.com/2020/01/us-warns-iraq-that-it-may-lose-access-to-a-key-bank-account-if-troops-are-forced-to-leave.html

dewsgirl

(14,961 posts)
24. I originally read it on Raw Story, but I know people here don't
Sat Jan 11, 2020, 07:05 PM
Jan 2020

like it. I guess that a summary from RS would have been better than a pay wall.

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