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Originally posted by IthinkIjustpukedalittle
Then again one would also hope the the most powerful nation would not be run by a dumbass Texan.
Originally posted by SwearBear
Dubya isn't originally from Texas. He was born in Connecticut, lived some time in California and then moved to Texas, though he spent most of his holidays in Maine, at the Bush Compound
Just to clarify.
Who Really Owns the USA?
Originally posted by EastCoastKid
Dear Janus, right now oil is sold/traded with petro dollars. If OPEC got sick of us, they could always cash out and go with the Euro. That would be a devastating blow to our economy, despite what our media doesn't tell us. If they went with the Euro instead of the dollar, we (the USA) would be screwd.
Originally posted by Janus
I watched a program on Sky TV today that put forward the theory that the real reason the US invaded Iraq because old Saddam was going to start selling his Oil for Euros
Anyone shed any light on this? No links im afraid i saw the show about 2 hours ago.
Originally posted by DaFunk13
Wow, I didnt know that Iraq did this, and Iran plans to. Being an American I hate to say it, but our top brass is screwing us financially, so I almost dont blame people for putting more faith in the Euro. THAT economy seems much more stable. Anybody got any good sources for further reading on the subject?
Originally posted by Janus
.... theory that the real reason the US invaded Iraq because old Saddam was going to start selling his Oil for Euros. Apparently you can at the moment only buy and sell oil for US Dollars and if the Oil producing countries started selling their oil for Euros it would bankrupt the US.
......seems that the Iranians are going to set up their own Oil trading Exchange and invite the Oil producing Middle Eastern countries to trade there using Euroes instead of US Dollars. The Saudies according to the program have an agreement with the US to only buy and sell Oil with US Dollars and that a vast sum of money from Saudi Oil sales, some 600bil annually is transfered straight to the federal reserve and in the return the US gets to use the money as it sees fit and guarentees that the Saudi Royal family stay in power with military aid etc. .......
Originally posted by EastCoastKid
Did you all know that Prince Al Waleed of Saudi Arabia owns stock in Fox news, his shares being second only to Rupert Murdoch?
It estimated that the House of Saud owns up to 600 Billion dollars worth of American investments. Imagine if that was yanked out of our system suddenly... for whatever reason. Doesn't make ya feel too good to think about it.
Forget about how much the Chinese own...