General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS threatens to limit Iraq access to key bank account WSJ, US behaving like the mafia.
I keep saying, our government is an organized crime syndicate. They aren't even trying to hide it.
Link to tweet
?s=20
secondwind
(16,903 posts)Eliot Rosewater
(31,131 posts)bitterross
(4,066 posts)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)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.
triron
(22,026 posts)alwaysinasnit
(5,075 posts)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.
malaise
(269,219 posts)Mafia is kind
alwaysinasnit
(5,075 posts)JonLP24
(29,322 posts)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
alwaysinasnit
(5,075 posts)JonLP24
(29,322 posts)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.
alwaysinasnit
(5,075 posts)Wellstone ruled
(34,661 posts)Cheney destroyed Iraq because of the threat to use other Currencies other than Dollars.
Botany
(70,614 posts)I still hope they tell us to go home.
dewsgirl
(14,961 posts)take us is anyone's guess.
enid602
(8,659 posts)Does this mean well freeze Western European bank accounts when were asked to leave those countries? We havent paid our NATO dues for almost two years now.
Duppers
(28,127 posts)Yep, mafia tactics indeed.
erlewyne
(1,115 posts)We are printing money backed by soon to be worthless Petroleum.
dewsgirl
(14,961 posts)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)A bullying organised crime outfit backed up by real financial-system as well as brute power.
safeinOhio
(32,736 posts)when I said he was going to try and take their lunch money next.
dewsgirl
(14,961 posts)muriel_volestrangler
(101,390 posts)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)like it. I guess that a summary from RS would have been better than a pay wall.