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It is really interesting that the folks running the show in the USA are able to export a lot of the problems with the $ to the rest of the world. Caribbean nati

It is really interesting that the folks running the show in the USA are able to export a lot of the problems with the $ to the rest of the world. Caribbean nations know this first hand, and have given in to the peg. I worked in oil, and now work in an industry where I sell parts worldwide. I'm not a trained economist, but deal with currency and transfer pricing with labor and goods. Couple things: what a lot of people don't know or understand is that pretty much all transactions worldwide are intermediate by USD. Meaning, if a company in Sweden wants to buy something in Cameroon, the banks don't swap currency. They buy dollars with krona and then buy francs with the dollar. This may seem "academic" on paper, but the world essentially has to deal with the dollar and the USA fed and its people with every transaction countries do! They're getting taxes each time they want to trade. Switzerland has purposely devalued its currency because the opposite happened: people were buying Swiss francs as a "safe" investment and not trading or circulating them. I digress ... The only country I see that could actually disrupt the petro dollar is Russia. Russia is doing this on a small scale by forcing Europe to purchase energy in rubbles. Ghana? They may be seeing a three letter agency from the USA very soon ... China? They do too much contract manufacturing for America, and no one wants yen or a currency from a dictatorship. Europe? Too much debt, and they would have to centralize spending (trying to do this with EU commission).

edgyquant 4y ago
>They may be seeing a three letter agency from the USA very soon Yeah this shows how little your credibility is. Idiotic meme that was never true
- happyjack 4y ago
  You realize that the CIA exist to keep international interests in line, and the FBI exists for domestic tranquility?
- zizee 4y ago
  You think that the USA has never employed it's three letter agencies to protect its interests?
  - happyjack 4y ago
    I'm kind of confused by his comment. Isn't it common knowledge (and even admitted) that American three letter agencies protect their interests at almost full cost? The fbi had plans to assassinate MLK, and the cia led how many revolutions.
    - themihai 4y ago
      Some people still live in denial. I can surely see CIA paying a visit to Ghana's officials.
      - edgyquant 4y ago
        You can see that because you’re knee deep in conspiracy theories. I’m not in denial I’m just informed on foreign policy and know that these agencies don’t just overthrow governments because they make financial decisions like this. That’s an ignorant meme that lacks any real analysis of foreign policy.
        themihai 4y ago
        It's just history(i.e [1] )not conspiracy theories. We are past that. Same thing about surveillance. It used to be "conspiracy theories" but wikileaks and Snowden showed us that the truth is even worse. [1] https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27état https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...
    - edgyquant 4y ago
      How about “America invades nation because it moves away from the dollar” is a complete bunk conspiracy theory and I was calling it out. It has 0 basis in reality and is peddled by anti-America types. It’s common knowledge to the unknowledgeable, which was my point about credibility. it’s a meme and that’s it. https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nations_dont_get_invaded_debunking/ https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nati...
  - edgyquant 4y ago
- themihai 4y ago
  Indeed, right? Funny fact: Wikileaks is blocked my ISP (in Europe). https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27état https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...
- sbaiddn 4y ago
  When was it not true? And, frankly, thats their bloody job.
- Gustomaximus 4y ago
  2 points. 1) Please keep this site as a place for discussion and throw information rather than insults. 2) A three letter agency seems believable to me. Do you remember what happened in Libya 2011? It is believed this was in a large part due to their planned move to an afro dollar. https://theecologist.org/2016/mar/14/why-qaddafi-had-go-african-gold-oil-and-challenge-monetary-imperialism https://theecologist.org/2016/mar/14/why-qaddafi-had-go-afri...
  - deleted 4y ago
    [deleted]
  - happyjack 4y ago
    This article is amazing. It sums up my questions I had for why Libya was invaded / destroyed, as well as some commentary on Iraq. I think it's really scary that the powers at be can destroy your 6 million person country overnight.
  - edgyquant 4y ago
    You want me to keep it safe for discussion, while downvoting me for calling out easily disproved conspiracies? I think your priorities are out of whack here. There’s lots of complaints about Us policy: that they overthrow nations to uphold the petrodollar is not one of them. How about reading an actual analysis instead of continuing a meme that was never true https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nations_dont_get_invaded_debunking/ https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nati...
bilbo0s 4y ago
Ghana? They may be seeing a three letter agency from the USA very soon This is sad precisely because it's so true. I wish poor countries were free to make trades on terms that were more fair. But that's not the world we live in. In any case, I applaud Ghana for trying. I really do wish them luck, but I'd advise them to ready their internal security services. (I suspect there will be a lot of unrest there in the very near future.) And I'd also advise beefing up the quality of their healthcare facilities. Because I think they may see a rise in cancer diagnoses among leaders in their steward classes over the next few years.
- ShivShankaran 4y ago
  Most likely their current president will be ousted and a new puppet sympathetic to US will be installed like what happened to pakistan. Remind me in 60 days!
jkepler 4y ago
> China? They do too much contract manufacturing for America, and no one wants yen or a currency from a dictatorship. Yen is Japanese currency; yuan is China's money.
- happyjack 4y ago
  I vote using Renminbi instead of yuan. I mentally swap it with yen too often.
yogthos 4y ago
> no one wants yen or a currency from a dictatorship meanwhile in the real world https://www.tbsnews.net/world/china-more-democratic-america-say-people-98686 https://www.tbsnews.net/world/china-more-democratic-america-...

edgyquant 4y ago

>They may be seeing a three letter agency from the USA very soon Yeah this shows how little your credibility is. Idiotic meme that was never true

happyjack 4y ago
You realize that the CIA exist to keep international interests in line, and the FBI exists for domestic tranquility?
zizee 4y ago
You think that the USA has never employed it's three letter agencies to protect its interests?
- happyjack 4y ago
  I'm kind of confused by his comment. Isn't it common knowledge (and even admitted) that American three letter agencies protect their interests at almost full cost? The fbi had plans to assassinate MLK, and the cia led how many revolutions.
  - themihai 4y ago
    Some people still live in denial. I can surely see CIA paying a visit to Ghana's officials.
    - edgyquant 4y ago
      You can see that because you’re knee deep in conspiracy theories. I’m not in denial I’m just informed on foreign policy and know that these agencies don’t just overthrow governments because they make financial decisions like this. That’s an ignorant meme that lacks any real analysis of foreign policy.
      - themihai 4y ago
        It's just history(i.e [1] )not conspiracy theories. We are past that. Same thing about surveillance. It used to be "conspiracy theories" but wikileaks and Snowden showed us that the truth is even worse. [1] https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27état https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...
  - edgyquant 4y ago
    How about “America invades nation because it moves away from the dollar” is a complete bunk conspiracy theory and I was calling it out. It has 0 basis in reality and is peddled by anti-America types. It’s common knowledge to the unknowledgeable, which was my point about credibility. it’s a meme and that’s it. https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nations_dont_get_invaded_debunking/ https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nati...
- edgyquant 4y ago
themihai 4y ago
Indeed, right? Funny fact: Wikileaks is blocked my ISP (in Europe). https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27état https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...
sbaiddn 4y ago
When was it not true? And, frankly, thats their bloody job.
Gustomaximus 4y ago
2 points. 1) Please keep this site as a place for discussion and throw information rather than insults. 2) A three letter agency seems believable to me. Do you remember what happened in Libya 2011? It is believed this was in a large part due to their planned move to an afro dollar. https://theecologist.org/2016/mar/14/why-qaddafi-had-go-african-gold-oil-and-challenge-monetary-imperialism https://theecologist.org/2016/mar/14/why-qaddafi-had-go-afri...
- deleted 4y ago
  [deleted]
- happyjack 4y ago
  This article is amazing. It sums up my questions I had for why Libya was invaded / destroyed, as well as some commentary on Iraq. I think it's really scary that the powers at be can destroy your 6 million person country overnight.
- edgyquant 4y ago
  You want me to keep it safe for discussion, while downvoting me for calling out easily disproved conspiracies? I think your priorities are out of whack here. There’s lots of complaints about Us policy: that they overthrow nations to uphold the petrodollar is not one of them. How about reading an actual analysis instead of continuing a meme that was never true https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nations_dont_get_invaded_debunking/ https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nati...

bilbo0s 4y ago

Ghana? They may be seeing a three letter agency from the USA very soon This is sad precisely because it's so true. I wish poor countries were free to make trades on terms that were more fair. But that's not the world we live in. In any case, I applaud Ghana for trying. I really do wish them luck, but I'd advise them to ready their internal security services. (I suspect there will be a lot of unrest there in the very near future.) And I'd also advise beefing up the quality of their healthcare facilities. Because I think they may see a rise in cancer diagnoses among leaders in their steward classes over the next few years.

ShivShankaran 4y ago
Most likely their current president will be ousted and a new puppet sympathetic to US will be installed like what happened to pakistan. Remind me in 60 days!

jkepler 4y ago

> China? They do too much contract manufacturing for America, and no one wants yen or a currency from a dictatorship. Yen is Japanese currency; yuan is China's money.

happyjack 4y ago
I vote using Renminbi instead of yuan. I mentally swap it with yen too often.

yogthos 4y ago

> no one wants yen or a currency from a dictatorship meanwhile in the real world https://www.tbsnews.net/world/china-more-democratic-america-say-people-98686 https://www.tbsnews.net/world/china-more-democratic-america-...