It's Mother's Day today, and my mother is a great cook, so I'm going to make this quick so I can and enjoy the first grilling event this year.
First, to set this up, this video from SGT Report. One of his regular beats is the fragile world economy, and how the US Dollar is DOOMED! (This is wrong, I will explain below.)
What this video, and these people in general don't want to admit (if they understand it at all), is that the world economy does not work that way. It's very frustrating because, as a group, they do know the political basis of the economy and call it out by name: The Petrodollar.
For those not in the know, the Petrodollar is this simple: The military of the United States secures Saudi Arabia's oil fields, and the Saudis return the favor by selling oil only in US Dollars. What all these wankers whining about this arrangement fail to grok is what that means.
The US nukes backs the US military, which backs the oil that's sold in US Dollars. The nukes fly if the Petrodollar dies. That's what all of the players in the game understand, which is why the system will go on indefinitely; until the US nukes are taken out, one way or another, the world economy will remain dominated by the US (Petro)Dollar. Yes, folks, it really is that simple and easy. All the wanking about currency, fractional reserves, and so on means nothing until they find a way to take out the nukes; it really is "Comply or Fry", and the world doesn't want to fry.
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