16 Jul 05
1 edit
Originally posted by PalynkaYou said it, not me.
And, of course, there's really nothing to argue because you are so self-convinced of owning the truth that all of us must be either idiots, brainwashed or hypocrites.
Check the 1990's writing for the Project for a New American Century. Well before your all critical swings in exchange rates (they fluctuate all the time without countries getting invaded and occupied), the PNAC was pushing for an invasion of Iraq, the overthrowing of Saddam and the establishment of a "democratic, free market" (read pro-Western and OK with foreign economic domination). So what; a few academics writing some papers; what do they matter? Here's a short list of the members of the PNAC;
Dick Cheney
Donald Rumsfeld
Paul Wolfowitz
and other prominent members of the present admin like Douglas Feith, Elliot Abrams, Richard Perle etc. etc. etc. So dream on about your Euro nonsense; these boys had it all figured out long ago.
EDIT: For those with a strong stomach or a high tolerance for BS, here's the website: http://www.newamericancentury.org/
16 Jul 05
Originally posted by no1marauderAgain, you attack none of my points. I'll ask you a few questions:
You said it, not me.
Check the 1990's writing for the Project for a New American Century. Well before your all critical swings in exchange rates (they fluctuate all the time without countries getting invaded and occupied), the PNAC was pushing for an invasion of Iraq, the overthrowing of Saddam and the establishment of a "democrati ...[text shortened]... rong stomach or a high tolerance for BS, here's the website: http://www.newamericancentury.org/
-What is the role of the USD is its economic domination?
-What is the role of oil-trade in maintaining the status of the USD?
-Do you disagree that if the USD was replaced by the EUR as the international currency it would bring an unprecedented economic crisis in the US?
I guess you can't grasp the full magnitude of this if you think these are "exchange rate fluctuations that happen all the time".
16 Jul 05
1 edit
Originally posted by PalynkaAnswers:
Again, you attack none of my points. I'll ask you a few questions:
-What is the role of the USD is its economic domination?
-What is the role of oil-trade in maintaining the status of the USD?
-Do you disagree that if the USD was repl ...[text shortened]... e are "exchange rate fluctuations that happen all the time".
Not much.
Very little.
Yes, I disagree.
EDIT: Well done Serendipity; someone else on this site finally "got" it.
16 Jul 05
Originally posted by no1marauder3 strikes.
Answers:
Not much.
Very little.
Yes, I disagree.
EDIT: Well done Serendipity; someone else on this site finally "got" it.
The first two are definite "yes"s for anyone that knows a little bit about economics. How can you go on about "foreign economic domination" without knowing the basics is beyond me.
16 Jul 05
1 edit
Originally posted by PalynkaEconomics was my minor in college and you don't know what you're talking about; what you're spouting is to real economics what creationism is to science. I bet you've never even took a course in Economics and are getting your "knowledge" from some left-wing conspiracy web sites. You know "a little bit of about economics" i.e. that there is such a thing as the US dollar and the Euro, but beyond that you're clueless. You're wasting your time with such drivel; the neocons spelled out years ago why the US was going to invade Iraq when the neocons got into power. All they needed was an excuse and September 11th gave that to them to exploit for their own ends. That's what happened in the Real World, Junior, so you can spare me the psuedo economics.
3 strikes.
The first two are definite "yes"s for anyone that knows a little bit about economics. How can you go on about "foreign economic domination" without knowing the basics is beyond me.
16 Jul 05
Originally posted by Palynkai think no1 agrees with you that the currency business is an issue ... but no1 believes it is just an enpassant part of a bigger issue that was going on whether or not the currency stuff happened.
3 strikes.
The first two are definite "yes"s for anyone that knows a little bit about economics. How can you go on about "foreign economic domination" without knowing the basics is beyond me.
- the oil in euros issue was a bonus, but it was not the reason, the reason was presumably global/colonial domination.
unfortunately no1 is incapable of perfect expression - just like the rest of us.
16 Jul 05
Originally posted by no1marauderLOL, you had a minor in college???? That was precious indeed. If you think a major fall in the demand of USD would have no impact on its value, then you really need to go back to the pure basics.
Economics was my minor in college and you don't know what you're talking about; what you're spouting is to real economics what creationism is to science. I bet you've never even took a course in Economis and are getting your "knowledge" from some left-wing conspiracy web sites. You know "a little bit of about economics" i.e. that there is ...[text shortened]... ends. That's what happened in the Real World, Junior, so you can spare me the psuedo economics.
16 Jul 05
Originally posted by Palynkahey palynka - forget about no1 for a minute - can you please explain the full idea you see?
LOL, you had a minor in college???? That was precious indeed. If you think a major fall in the demand of USD would have no impact on its value, then you really need to go back to the pure basics.
16 Jul 05
Originally posted by PalynkaStupid, the USD fluctuates in value ALL THE TIME; so what?? Look at your graph, moron; it fluctuated within an over 33% percentage range in the last six years! And the effect on the US' "economic domination"? As I said: NOT MUCH.
LOL, you had a minor in college???? That was precious indeed. If you think a major fall in the demand of USD would have no impact on its value, then you really need to go back to the pure basics.
16 Jul 05
Originally posted by no1marauderHave you read Palynka's profile no.1?
Economics was my minor in college and you don't know what you're talking about; what you're spouting is to real economics what creationism is to science. I bet you've never even took a course in Economics and are getting your "knowledge" from some left-wing conspiracy web sites. You know "a little bit of about economics" i.e. that there i ...[text shortened]... ends. That's what happened in the Real World, Junior, so you can spare me the psuedo economics.
Professional field: Macro-economic policy, econometrics.
I think he may know what he's talking about at least
he's convinced me.
Are you still going to argue the case?
16 Jul 05
Originally posted by Thequ1ckLMFAO!!!!! Anyone can put something in their profile; he hasn't shown any knowledge of economics, period. If he wants to argue HIS case, ask him how much of an impact on the value of the dollar it would really have if OPEC traded in Euros; perhaps he'd be able to tell what percentage of world economic activity is conducted in dollars and what percentage of world economic activity is linked to OPEC (answer to last question: NOT MUCH). The idea that the US administration invaded Iraq for such an esoteric reason is just silly.
Have you read Palynka's profile no.1?
Professional field: Macro-economic policy, econometrics.
I think he may know what he's talking about at least
he's convinced me.
Are you still going to argue the case?
16 Jul 05
Originally posted by flexmoreSorry, I didn't see your previous post.
hey palynka - forget about no1 for a minute - can you please explain the full idea you see?
The oil in Euros is, in fact, an important detail in maintaining that same domination. More than the oil itself, the status of the USD as the world currency (world debt, international trade, etc.) I'm not denying that I also think the hegemony of the US is the final goal. I've said it before, as well.
I just think this just explains quite well why Iraq was chosen and why now. Not because of WMD or oil reserves, those are all insufficient explanations, IMO.
Control over the oil market is more about the currency than about control over oil itself. That is my point in this thread.
16 Jul 05
Originally posted by no1marauderOne reason is seldom enough no.1
LMFAO!!!!! Anyone can put something in their profile; he hasn't shown any knowledge of economics, period. If he wants to argue HIS case, ask him how much of an impact on the value of the dollar it would really have if OPEC traded in Euros; perhaps he'd be able to tell what percentage of world economic activity is conducted in dollars and what pe ...[text shortened]... CH). The idea that the US administration invaded Iraq for such an esoteric reason is just silly.
16 Jul 05
Originally posted by no1marauderThe fact that OPEC trades in Dollars makes most importers of oil trading in Dollars. I've mentioned that before and you probably haven't read it, like most of my posts.
LMFAO!!!!! Anyone can put something in their profile; he hasn't shown any knowledge of economics, period. If he wants to argue HIS case, ask him how much of an impact on the value of the dollar it would really have if OPEC traded in Euros; perhaps he'd be able to tell what percentage of world economic activity is conducted in dollars and what pe ...[text shortened]... CH). The idea that the US administration invaded Iraq for such an esoteric reason is just silly.
Most countries have their debt in USD and a lot of international trade that doesn't include the US is done in USD. The fact is that USD is the most sought out currency in the world and it's demand is much larger than the US' economic activity (domestic and US foreign trade) would represent.
The US have for a long time been emitting USD to compensate this increase, thus preventing an over-pricing of the USD. That's how the US has easily maintained trade deficits like it has.
So the truth is that the current money supply of USD is much higher than the needs of the US' economic activities. A break in this excess of demand would mean an overflowing of USD into the US economy (countries buying EUR and selling USD, countries redenominating debt from USD into EUR, etc) that would collapse the USD value.
A collapse this large is likely to lead to spiralling inflation (each USD is worth less, so each product costs more in USD) and lead to a very very serious economic crisis that could reach unprecedented levels in US' modern history.