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Ask Saddam Hussein, who tried to price Iraqi oil in Euros in 2000. Or Gaddafi, who was tolerated by western powers until he tried to introduce the pan-African

Ask Saddam Hussein, who tried to price Iraqi oil in Euros in 2000. Or Gaddafi, who was tolerated by western powers until he tried to introduce the pan-African gold Dinar and encourage oil producing nations to de-dollarize in favor of it.

whatshisface 6y ago
Is it widely believed among world leaders that the US will invade if they do anything that would harm the USD?
- 35fbe7d3d5b9 6y ago
  I mean, I don't have direct knowledge of what world leaders believe, so I can't really answer that. But the US consistently presents a carrot/stick model for the dollar: if you're a country and you play ball – price your exports in dollars, invest in US government debt – you find access to US and other Western military equipment and training. That's why US weapons are being used in the Yemeni civil war. Refuse to play along and you'll pay the price. It may not be something as dramatic as an invasion, though – sanctions don't spill American blood and can be very effective in crippling economies. Chávez wanted to kill the dollar and move to a basket of currencies and gold; now, Maduro is letting banks open local accounts and transfer money in dollars.
jcranmer 6y ago
> Or Gaddafi, who was tolerated by western powers until he tried to introduce the pan-African gold Dinar and encourage oil producing nations to de-dollarize in favor of it. Ok, serious question here: Can you actually point to me a statement where Gaddafi, or any official Libyan government statement for that matter, actually outlines anything approaching a concrete plan or concrete steps to the establishment of such a thing? When I try to follow links back to an actual source for this claim, I fail to end up at any reputable site reporting on a primary source here. Instead, the trails seem to end in sites that push very hard for a gold standard and I suspect have a strong bias towards inventing a hypothesis on unsupported facts that Western Globalists killed Gaddafi to keep the gold standard down. I will point out that it is well-known that Gaddafi was a pan-Africanist, and my recollection is that he was very much in favor of the African Union following the European Union's example and introducing a single currency for the continent, and he made a few statements to that effect. But that's not the same as actually having any actual concrete plans, especially because these statements were made over a decade before Libya's civil war started.
- 35fbe7d3d5b9 6y ago
  https://web.archive.org/web/20160111041010/https://www.foia.state.gov/searchapp/DOCUMENTS/HRCEmail_DecWebClearedMeta/31-C1/DOC_0C05779612/C05779612.pdf https://web.archive.org/web/20160111041010/https://www.foia.... Pardon the archive link, the State Department seems to be having some server issues today. It's hard to be certain of the accuracy of Blumenthal's claims, naturally, but this is a long-time confidant of the then-Secretary of State making them.
  - jcranmer 6y ago
    That is an unknown individual reporting that an unnamed source says that Libya had gold and was planning to launch a currency. That is still not a primary source providing what I was asking for: either Gaddafi or a Libyan government official actually stating this plan actually existed.

whatshisface 6y ago

Is it widely believed among world leaders that the US will invade if they do anything that would harm the USD?

35fbe7d3d5b9 6y ago
I mean, I don't have direct knowledge of what world leaders believe, so I can't really answer that. But the US consistently presents a carrot/stick model for the dollar: if you're a country and you play ball – price your exports in dollars, invest in US government debt – you find access to US and other Western military equipment and training. That's why US weapons are being used in the Yemeni civil war. Refuse to play along and you'll pay the price. It may not be something as dramatic as an invasion, though – sanctions don't spill American blood and can be very effective in crippling economies. Chávez wanted to kill the dollar and move to a basket of currencies and gold; now, Maduro is letting banks open local accounts and transfer money in dollars.

jcranmer 6y ago

> Or Gaddafi, who was tolerated by western powers until he tried to introduce the pan-African gold Dinar and encourage oil producing nations to de-dollarize in favor of it. Ok, serious question here: Can you actually point to me a statement where Gaddafi, or any official Libyan government statement for that matter, actually outlines anything approaching a concrete plan or concrete steps to the establishment of such a thing? When I try to follow links back to an actual source for this claim, I fail to end up at any reputable site reporting on a primary source here. Instead, the trails seem to end in sites that push very hard for a gold standard and I suspect have a strong bias towards inventing a hypothesis on unsupported facts that Western Globalists killed Gaddafi to keep the gold standard down. I will point out that it is well-known that Gaddafi was a pan-Africanist, and my recollection is that he was very much in favor of the African Union following the European Union's example and introducing a single currency for the continent, and he made a few statements to that effect. But that's not the same as actually having any actual concrete plans, especially because these statements were made over a decade before Libya's civil war started.

35fbe7d3d5b9 6y ago
https://web.archive.org/web/20160111041010/https://www.foia.state.gov/searchapp/DOCUMENTS/HRCEmail_DecWebClearedMeta/31-C1/DOC_0C05779612/C05779612.pdf https://web.archive.org/web/20160111041010/https://www.foia.... Pardon the archive link, the State Department seems to be having some server issues today. It's hard to be certain of the accuracy of Blumenthal's claims, naturally, but this is a long-time confidant of the then-Secretary of State making them.
- jcranmer 6y ago
  That is an unknown individual reporting that an unnamed source says that Libya had gold and was planning to launch a currency. That is still not a primary source providing what I was asking for: either Gaddafi or a Libyan government official actually stating this plan actually existed.