Iran, Russia dump dollar for rial, ruble

Originally posted by Pervius
After Saudi Arabia's succesful attack on the US on 9-11 they booted the US military out of their country

I'm not going to argue about your first point, you can believe what you want about 9/11. As for the second point, the US still have bases in Saudi.

Originally posted by Corrupted Data
reply to post by GLaDOS

 

well well well, Sure the americans are gonna be pissed.
What next I wonder??

what do you think is next?

That as like the 4th or 5th pawn moved...I'm not much of a chess play but don't the Horses start coming into play right about now.....along with the bishops....

So that symbolizes military infantry soldiers being deployed and the catholic church and other religions waying in on it.


Watch it unfold and then comment back when you realize I may have been correct.

reply to post by GLaDOS

I'm not going to argue about your first point, you can believe what you want about 9/11. As for the second point, the US still have bases in Saudi.

He's also wrong about Saudi Arabia no longer accepting payment in dollars:

US economy can survive the current crisis because it remains the only game in town

Saudi Arabia has every reason to be concerned as US lawmakers continue to bicker over their country’s financial future. With the Aug. 2 deadline looming for an agreement to increase the US debt ceiling of $14.3 trillion, the international markets are becoming increasingly nervous about the fate of the dollar, the world’s only reserve currency and in times past a haven for anxious investors.

Saudi Arabia is paid in dollars for its oil. Our currency is tied to the dollar.

arabnews.com...

Originally posted by Corrupted Data
reply to post by GLaDOS

 

well well well, Sure the americans are gonna be pissed.
What next I wonder??

Actually this is a good thing. The USA has more oil then the Middle East. Let them trade in rubles and bottle cap's, then flood the market with "cheap"(in US dollars) oil, but set the trade value of the bottle cap currencies at such a ridiculous rate it bankrupts Russia, Iran and other silly nations(Do it in a way that they won't be able to sell their gasoline nor buy the "cheaper" American gasoline).

reply to post by GLaDOS


The US has no combat troops left in Saudi Arabia.

As of 2003 the US removed almost their entire presence from Saudi bases. By 2011 all US presence was gone, with the exception of the 64th Air Expeditionary Group.

Wiki - US withdrawl for Saudi Arabia
64th Air Expeditionary Group - located at Eskan Village in Saudi Arabia

Why?

To respect the Muslim concerns that having such a large American presence on their soil constitued an occupation, and since 2 of the holiest sites of Islam are present in Saudi, it made matters worse. Ironic that the main stream media ignores that move.

Why you ask?

Because it was one of Osama Bin Ladens demands - that US forces leave Saudi Arabia. The result of that was supposed to be an end of hostilities between Al Queida and the US. Apparently Al Queida was just joshing with us, because they continued their attacks well after the withdrawal date. Makes you wonder what other demands they lied about doesnt it?

As far as dumping the dollar, again who cares. Countries are free to do whatever they choose, especially when it comes to their own internal affairs. There have been countries who dropped their own currencies through the years and adopted the US dollar, only to drop the dollar and go back to the US currency.

As far as gas / oil goes with the newest advances in extraction (with Colorado so far the best place where happy mediums were found between enviornmental groups and oil / gas exploration / extraction companies - the rest of the US should adopt their standards), and with a down spike in consumption, the US is actually an exporter of refined gasoline now.

The new tech opens up massive amounts of oil for extraction, with large fields found in the gulf as well as the northern plain states, coupled with Canadas advances on extraction from their sand flats, places us into a better posituion than we had in the past.

We have slowly pulled our dependance through the years from the Middle East to other sources.

2011 - Us oil imports per day / month

Out of the top 10 countries we import oil from -
1. Canada
2. Saudi Arabia
3. Mexico
4. Venezuela
5. Russia
6. Nigeria
7. Columbia
8. Iraq
9. Equador
10. Angola

Our imports from Saudi are closely followed by Mexico, and as their industry expands, we can expect a shift from Middle East to those countries like Mexico.

Russia and China already conduct bi-lateral trade between their countries using their own currenecies instead of Us dollars. Why do people assume the dropping of the US dollar as a reserve currency is somehow the ned of the world?

Its not just Iran and Russia, the rats are abandoning the ship and the almighty dollar is surely gonna sink.

This morning i read the following article: www.eurasiareview.com...

It is very detailed, basically most countries are starting to trade in their own currencies and not the dollar, this means the dollar might become devalued, in theory this is supposed to help exports as products are then cheaper to export, however historically this has never happened in practice.

I think the dollar is slowly on its way down, and i think its going to drag the whole world with it.

This dollar crashing might just be the catalyst to start the next world war.