Jesus, you are a lost cause. Please, point out where on that pipeline where Saudi Arabia or Qatar tie into it?
Juan_Bottom wrote:Ummm.....
NO
That's a bullshit conspiracy theory for dumb people. There is already a Natural Gas pipeline being built between Iran and Europe, and it's going to run through Turkey and not Syria. That makes Turkey the transportation hub. So, you're very wrong. You even quote me naming the gas pipeline, didn't you at least wonder what it was?
Jesus, your ability to research outside of anti-American conspiracy websites is bad.

Russia supplies Europe with oil and natgas. Iran supplies India and China for the most part. Sanctions prohibit Iran from selling to much of Europe. As you can see that pipeline makes it nice and easy for Russia to supply Europe and at any time Russia can raise the price or even cut off the supply and Europe has no easy alternative.
The point of the third phase of the Syrian pipeline is to connect OPEC petrodollar using nations to Europe. The third phase of which has not been completed nor will be completed until Assad is ousted and someone who is more US friendly is installed into power.
You haven't understood what I said, and I give up trying to explain it to you.
JB wrote:Do you see how you're not an expert on this subject at all, and how you're just pulling this sh*t out of your ass? How could you miss a trillion dollar Gas pipeline running through no less than 10 different countries on two different continents? Worse even, Russian companies are helping build it. Really, there's no way even a half-assed sleeping researcher could miss this.
I didn't miss it, just point out where that line meets Saudi Arabia. Hey! It doesn't! But it does meet Iran, which is willing to trade oil for something other than the petrodollar, which is why the US has such a hard on to nail Iran.
JB wrote:If you think that sitting off of the shoreline at a great distance and lobbing missiles at a country smaller than Nebraska is a war, then you're probably going to be disappointed by this one.
So lobbing missiles into another country isn't an act of war? Really?
JB wrote: Syria's oppressive government has something like $4 billion dollars left in it's cash reserves after all this fighting, while the United States probably spends that much on the White House's Christmas decorations.
Good to see the US putting it's money to wise use....
JB wrote:Furthermore, you're not understanding the problem that you're claiming exists. It wasn't simply war that meant the end of Britain's status as the printer of the world's reserve currency. It took something like a full decade of America having the world's largest economy before the US dollar overtook England's spot. You cannot just lose a single big war or something; you also have to be on the decline and someone has to have a bigger and healthier economy than you do. For a long time... With Greece or Rome, the wars that ended their reigns just came at the very end of their respective periods of decline.
Yeah, the US hasn't been in decline, the economy is rosy as a peach and no other nations are approaching the US' economic power.....
JB wrote:80% of all transactions are not for Oil, so that cannot be why.
All commodities are traded in US dollars, not just oil. OPEC are not the one's keeping the US dollar afloat, the whole world is. Some countrys have Iron, or Gold, and they sell that for US dollars too.
Yes, that's one of the greatest things about having the reserve currency, one of those perks. We get to take possession of actual tangible goods that have real value and in return we give out pieces of paper or digital keystrokes that we created out of thin air. It's a hell of a deal!
JB wrote:If the US was going to lose this status, it would have lost it during the recession when it's value fell by over 20%. But even with that drop in value, our money still stabilized the planet.
The US dollar has lost some 90%+ of it's value since 1913.
https://www.google.com/url?sa=t&rct=j&q ... 5398,d.cWchttps://www.google.com/url?sa=t&rct=j&q ... 5398,d.cWcAnd this is the decline in the value of a dollar just since 1971 when Nixon closed the gold window-

The only reason that the world hasn't dumped the dollar is because of the petrodollar.
JB wrote:Germany would like to buy a quart of Oil. Germany says that a quart of Oil valued at 5 Saudi Riyals is worth 1 German Mark. Germany offers them 1 Mark.
Saudi Arabia would like to sell Germany a Quart of oil, but they say that 1 Saudi Riyal is worth 10 Marks. They ask for 50 Marks.
It doesn't work that way, JB. The value of the Saudi oil isn't valued in riyals, it's valued in dollars. If Germany wants to buy oil from Saudi Arabia then Germany has to get hold of US dollars. To do this, Germany either manufactures some machinery or service and sells it to the US (or someone else who sold something to the US and has dollars from that transaction), purchase US debt to acquire US paper, and then purchase the oil using dollars thus acquired. Now Germany has dollars to purchase oil from Saudi Arabia.
If Germany asked Saudi Arabia to accept German marks (or euros today), Saudi Arabia (or any OPEC member besides those in the dollar exclusion zone) would tell them, "Sorry, but you have to pay in US dollars".
Now can you see why commodities are purchased in US dollars?
JB wrote:The entire planet says that a quart of Oil is worth $6 (US), so they exchange their money for US dollars and everything works out.
No, the dollars someone would need have to be gotten either through trading something of actual worth to the US or to someone who has traded something else of worth to the US. Why? Because of this reason right here-
JB wrote:You can see how this could be an even greater problem when a nation's currency and economy are unstable. In the '90s in Bosnia and Herzegovina for example, their biggest bill was $1,000. Inflation got so bad that their biggest bill was marked 100,000,000. You can't sell your commodities to a country like that for their own currency.
What you are describing are currency swaps, and they aren't used to obtain dollars to purchase oil. If you'd like I can explain how currency swaps actually work and what their purpose is for. The only ways to get dollars to purchase oil from OPEC is to sell tangible products to the US (or someone else who did for dollars) or purchase US debt (or purchase US debt from someone else who did).
JB wrote:The other half is that having a permanent, stable reserve currency
There is no such thing that exists today. Fiat currencies are unstable and never permanent. Our current system of currency in the US has only been in existence since 1971. As far as fiat currencies go the US dollar is quite old now.
JB wrote: eliminate any financial risks
Really? Please, how does one "eliminate risks"? There are always risks, you don't eliminate risks, you minimize them.
JB wrote: And some of these nations even us US greenbacks to provide stability for their own banknotes.
There are no such thing as greenbacks anymore, that was the system that was in place before 1971. The last greenback was finally taken out of circulation in the 1990's. Greenbacks are a debt free currency, today we have Federal Reserve Notes. The two are not the same.
JB wrote: That's how trustworthy our dollar remains, even after a global recession that saw it's value drop by 20%.
Because at the moment there are no real alternatives. At the moment.
JB wrote: Syria cannot take that away from us.
This is true, but the Asian Dollar Exclusion Zone is another matter all together.
JB wrote:The US has been chosen as the printer of the world's reserve currency because of the stability and liquidity of our money.
The dollar is the reserve currency because of the petrodollar and our military.
JB wrote: You're obviously willing to make giant fact-filled posts, you just need to research your facts first.
Tell what is wrong,
-In 1971 Nixon closed the gold window- Absolute fact.
-Shortly after OPEC and the US made an agreement that created the system of the petrodollar- Absolute fact.
-The petrodollar is now what gives the dollar it's value, when pre 1971 what gave the dollar value was that US dollars could be redeemed for physical gold from the US treasury (known as Bretton Woods)- Absolute fact.
-The US will go to great lengths to protect it's monopoly on the reserve currency- Absolute fact.
-Fiat currencies are unstable and eventually have to be replaced- Absolute fact.
-The US' monopoly on the reserve currency is what gives the US it's advantage in all things economic- Absolute fact.
-The Asian Dollar Exclusion Zone was started by China and it's members so far include Russia, Iran, Australia, Japan, Brazil, India and others- Absolute fact.
These are not conspiracy theories, they are historical facts. And please, JB, at least look up how the petrodollar works here-
http://www.primevalues.org/market-watch ... dollar.htmand if you have questions I will answer them for you or point you in the direction to find the answer yourself. When you understand the petrodollar then you understand what gives the US such an advantage over the world. And if you understand the petrodollar and how it works, and see the developments of late (such as the bilateral agreements of a growing number of nations to circumvent the US dollar in commodity trading) then you'll understand that the US is in a real bind and that the days of the petrodollar are coming to an end. When that day comes, so does the end come for the US dollar status as the reserve currency of the world.
The petrodollar is the only reason that the US can run such debts, spend such money and have such a high standard of living as compared to the rest of the world. Protecting that status is the reason why we have such a strong military and why we spend so much on defense. It is also the underlying cause of why we intervene in certain countries while ignoring other countries that have similar problems, such as governments killing their own people and/or in the midst of civil war.
Why is it that we intervene in some nations affairs while in other nations just as evil stuff is going on but we do nothing more than pay lip service and not actually intervene?
Because those countries we intervene in are a threat to the petrodollar in some way, shape or form while those that we do not intervene offer no threat to the petrodollar. Thus is why it appears so much hypocrisy in US foreign affairs. It's no hypocrisy at all, it's calculated measures meant to protect a vital element in the US' economic well being and hegemony. Humanitarian is just window dressing.
There is a better way, but again, that is not for this thread. You can keep deluding yourself that we are intervening in Syria because we feel so badly for the Syrian people that our conscience dictates we must act. That couldn't be further from the truth. We are intervening because we are protecting our hold on the economic future of our nation and the world.
There are pros and cons to the petrodollar, most of the pros benefit the US, most of the cons harm the rest of the world. And everyday more and more people are waking up to this fact. There is no stopping this ride now, the cat is out of the bag because there are people educating others about all this and others are listening more and more. Just because you refuse to listen won't stop the cascade.
Just like there is ultimately no way to save the petrodollar.
What has yet to be determine is how violent that end is going to be. If you keep thinking the way you are thinking, then the end will be quite violent indeed.