Are the Arabs just afraid or unable to fight, or do they secretly agree with the ISIS agenda?
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There is proof that USA and Israel created ISIS in a similar vein as Al Qaeda but then it got too powerful and rebelled and now nations of the west have to stop ISIS and eradicate it!
To get a good perspective on this, one has to look back in history and comprehend where the term Petrodollar came from and then you'll understand why the Saudi's dictate to us and why our enemies are trying to get away from the dollar and come up with a new international currency.
QUOTE:
The Petrodollar System
To explain this situation properly, we have to start in 1973. That’s when .President Nixon asked King Faisal of Saudi Arabia to accept only US dollars as payment for oil and to invest any excess profits in US Treasury bonds, notes, and bills. In exchange, Nixon pledged to protect Saudi Arabian oil fields from the Soviet Union and other interested nations, such as Iran and Iraq. It was the start of something great for the US, even if the outcome was as artificial as the US real-estate bubble and yet constitutes the foundation for the valuation of the US dollar.
--- The Iraq war provides a good example. Until November 2000, no OPEC country had dared to violate the US dollar-pricing rule, and while the US dollar remained the strongest currency in the world there was also little reason to challenge the system. But in late 2000, France and a few other EU members convinced Saddam Hussein to defy the petrodollar process and sell Iraq’s oil for food in euros, not dollars. In the time between then and the March 2003 American invasion of Iraq, several other nations hinted at their interest in non-US dollar oil trading, including Russia, Iran, Indonesia, and even Venezuela. In April 2002, Iranian OPEC representative Javad Yarjani was invited to Spain by the EU to deliver a detailed analysis of how OPEC might at some point sell its oil to the EU for euros, not dollars. This movement, founded in Iraq, was starting to threaten the dominance of the US dollar as the global reserve currency and petro currency. In March 2003, the US invaded Iraq, ending the oil-for-food program and its euro payment program. There are many other historic examples of the US stepping in to halt a movement away from the petrodollar system, often in covert ways. In February 2011, Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), called for a new world currency to challenge the dominance of the US dollar. Three months later a maid at the Sofitel New York Hotel alleged that Strauss-Kahn sexually assaulted her. Strauss-Kahn was forced out of his role at the IMF within weeks; he has since been cleared of any wrongdoing. War and insidious interventions of this sort may be costly, but the costs of not protecting the petrodollar system would be far higher. If euros, yen, renminbi, rubles, or for that matter straight gold, were generally accepted for oil, the US dollar would quickly become irrelevant, rendering the currency almost worthless. As the rest of the world realizes that there are other options besides the US dollar for global transactions, the US is facing a very significant – and very messy – transition in the global oil machine. https://alternativeeconomics.wordpre...tem-explained/
Last edited by NickofDiamonds; 10-21-2014 at 01:39 PM..
War and insidious interventions of this sort may be costly, but the costs of not protecting the petrodollar system would be far higher. If euros, yen, renminbi, rubles, or for that matter straight gold, were generally accepted for oil, the US dollar would quickly become irrelevant, rendering the currency almost worthless. As the rest of the world realizes that there are other options besides the US dollar for global transactions, the US is facing a very significant – and very messy – transition in the global oil machine.
All that statement says is "That way there be dragons."
Inasmuch as other currencies are not worthless now, I'm not sure why the dollar would be rendered "irrelevant" or "worthless."
More significant would be the impact of Saudi Arabia no longer investing in US financial instruments, but given the cost of war (and that the Chinese have been investing in that), I'm not sure I buy a flat assertion that "the cost of not protecting the petrodollar system would be far higher."
"There are two kinds of evil people. People who do evil stuff, and people who see evil stuff being done and don't try to stop it." -Janis Ian
Maybe there's a third missing category " People who do not do and do not see evil" ?
That remind me also of the US position on Rwanda, we've seen evil genocide and did not stop it ?
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so? I am not talking about every Islamic person in the world,only those in the Middle East and Pakistan who will not stand up to the terrorists.
