Dollar

Iraq, Iran, and Venezuela - a common thread

Submitted by bondibox on Mon, 01/06/2020 - 6:49am

In 2000, Iraq switched away from selling oil for dollars, to selling oil for Euros. Then we went to war with Iraq.

Syria is trying to build a competing pipeline to oil to the European market. So we went to war in Syria.

In 2019, Venezuela and Iran created petro cryptocurrencies to use for oil trade. Now we're going to war with Iran. I suppose Venezuela was a little too close to home for an actual invasion, but we came close, didn't we?

US Terrorizes China; China Pulls the Golden Trigger.

Submitted by Pluto's Republic on Mon, 05/25/2015 - 12:06am

All week I've been seeing references to this headline:

"China could announce that it holds 30,000 tons of gold to back the Yuan/Renminbi."

As a Forex trader, the story took me by surprise, even though China has been stockpiling for years, and is the world's largest gold producer. Also, it's not like China to pull this trigger so fast. However, in the South China Sea last week, the US started militarily terrorizing China with war ships and fighter jets — and China warned (in so many polite words) that the US planted the seeds of its own doom.

So, maybe that's what this is all about.