It's simply about the oil

[andymarksman]

Originally Posted by lustylad

Hahahaha... little nazi boy is back! And jumping right in on another topic that is way over his head!

Lemme get this straight - so you believe the US invaded Iraq back in 2003 in order to stop OPEC and other oil exporters from switching to payment in Euros instead of dollars? Seriously?

Don't fucking tell me that the reason is to rid Saddam of his WMD! Paul Wolfowitz, one of the most hawkish neo-cons serving Shrub, frankly admitted that the Iraq war was about oil. The most telling moment was when he specifically stated that "economically, we just had no choice in Iraq." He in essence conceded that Saddam was forcing the U.S. hand in such a way that the only alternative was to solve it militarily.

But that's not all. When Paul Bremer replaced Jay Garner (replaced for pushing free elections in Iraq too soon), one of the very first acts he decreed was to switch the Iraq's oil trade back to dollars. That measure in itself was so extraordinary since the occupying authority was not even adequately addressing the looting, the sectarian issues, the reconstruction of Iraq's infrastructures, etc.

Now your fairy tale is burst, "economics guru."

The tender, for which bids are due by June 10, switches the transaction back to dollars--the international currency of oil sales--despite the greenback's recent fall in value. Saddam Hussein in 2000 insisted Iraq's oil be sold for euros, a political move, but one that improved Iraq's recent earnings thanks to the rise in the value of the euro against the dollar. (financialtimesdaily)

[andymarksman]

Originally Posted by lustylad

The OP is new to me, and I may have over-hastily misjudged his intellectual depth. But not yours, little nazi boy!

I do misjudge you because you ain't what you boast you were after all. The Chinese are coercing the Saudis to trade oil in yuan with them because they now feel they are militarily strong enough to get away with it. We'll find out sooner or later if that's the case. But when Saddam dared to fuck with the U.S. economy and our ways to enjoy life, he became a living dead, WMD or not.

Economic your ass, lustylassie.


http://commoditytrademantra.com/crud...for-the-dollar

[WTF]

Originally Posted by lustylad

. Would anyone seriously suggest we are fighting in Afghanistan today to control their resources? Of course not. We would never have sent troops to that godawful snakepit if 9/11 hadn't forced our hand.

.

Why do you think we are staying there bonehead?



Why did we invade Iraq? Osama was Saudi as were most of the attackers? Every war comes down to resources. Countries look after their own self interest.



If you think we are there for humanitarian reasons you are as naïve as the Puerto Ricans.




.

[Unique_Carpenter]

Iraq:
All about the oil.
Even before the armoured calvary went in, the Marines were slipping onto all the offshore oil platforms with underwater comercial ironworker divers standing by to fix anything.

Afghanistan:
Back when Bush was Pres, the US put together a minerals resources survey for the entire country. And btw, Taliban sits on a fair amount of the good areas, so the US negotiating with central Afgan Govt is going nowhere.

Saudi oil,
The Chinese arn't coercing Saudis. The Saudis are selling to anyone for their cash flow. So what if the Saudi's tried jacking with the US economy. A fair amount of Texan oilmen saw that coming and slapped the Saudi's hard by increasing US oil output.
As for which currency, the game there is simply another resources exploitation thing for finance guys to make a few bucks. As long as you're not using North Korean won, most other currency is simply negotiated.
Interesting that Saudi's are inviting military jet bids. Just another resources exploitation thing. This time manufacturing resources.


Don't some of you ever get out from behind your vid pickups and go out in the real world? I've still got a tan from my last logistics thing.

[andymarksman]

Originally Posted by Unique_Carpenter

Saudi oil,
The Chinese arn't coercing Saudis. The Saudis are selling to anyone for their cash flow. So what if the Saudi's tried jacking with the US economy. A fair amount of Texan oilmen saw that coming and slapped the Saudi's hard by increasing US oil output.
As for which currency, the game there is simply another resources exploitation thing for finance guys to make a few bucks. As long as you're not using North Korean won, most other currency is simply negotiated.

You have no clues on what's at stake here, it's not the oil or the exchange of currencies. It's the petrodollar.

[andymarksman]

Originally Posted by Unique_Carpenter

Interesting that Saudi's are inviting military jet bids. Just another resources exploitation thing. This time manufacturing resources.

If the Saudis indeed are inviting such bids, we won't take part in those bids. What they are coveting so badly is the stealth fighters, but we won't provide them with these fighters for obvious reasons. But wait, we might grant them their wishes after all, for the obvious reason.

[lustylad]

Originally Posted by WTF

You are so fucking naïve....you think it was about Communism? In that case we should be at war with China right now.

You really know nothing about the world outside our borders. Yes, we fought in both Korea and Vietnam to stop them from going communist. Both countries are resource-poor. This refutes your naive, simple-minded simpleton theory that "all wars are fought over resources". You have no answer to my point or the other examples I cited.

China shed its ideological purity soon after Mao died in 1976. You're too stupid to remember the arrest of the "Gang of Four", including Mao's wife. Deng Xiao-ping became leader and opened up the country to Western trade, investment and culture. His answer to those pithy sayings in Mao's little red book was "It doesn't matter if a cat is black or white, as long as it catches mice." Does that sound ideological? That happened 40 years ago. Only someone who is totally "fucking naive" would call China a communist state today. It is a one-party totalitarian state that is communist in name only.


We do not give two fucks about other governments form of government as long as they do business with us in a friendly manner. Look at the Shah of Iran or the Saudis now. Or Egypt or any number of countries...Jesus.

If your point is we shouldn't refuse to do business with countries that have less-than-perfect forms of government, I generally agree. They can still be reliable trading partners and follow the rules for contracts, investments and financial transactions.


You're another of those that never served so you think talking all this nationalistic bs talk makes you a warrior.

^^^ I have no idea what you're whining about. You always manage to end your posts by descending into gibberish.

Think before you post, you moronic buffoon.

[Unique_Carpenter]

And the Petro dollar, or whatever the currency is, is simply a tool to get to the resource (oil)
Geez Andy, at least present a coherent statement that makes sense.
All exploitation of resources requires tools. Usually financial and equipment. This is a fundemental concept that everyone understands and us straight out of a basic economics class.

[Unique_Carpenter]

And btw,
Korea
Taiwan
And now China
Were/are cheap labor markets which are actually a resource.

[lustylad]

Originally Posted by Unique_Carpenter

невежественный

Amusement comes in many variations.
Thank you lusty, for todays

I take back what I said about my misjudging your intellectual depth. If you had any depth, you would take the time to address my arguments head on, one by one, in detail, rather than curtly dismissing them as "ignorant" in Russian.

[lustylad]

Originally Posted by WTF

Why do you think we are staying there bonehead?

You don't know? God, are you stupid! We're staying there (in a reduced role, less than 15,000 troops) to make sure Afghanistan doesn't again become a breeding ground for terrorists like the ones who plotted 9/11, you clueless dimwit!

Why did we inade (sic) Iraq? For multiple reasons that have been discussed in this forum over and over again many times.

Osama was Saudi as were most of the attackers? Are you asking a question or do you have a point? The attackers were based in Afghanistan.

Every war comes down to resources. Ah, yes! The simple-minded simpleton speaketh his wise words again (and ignores his smackdown in post #17)! And what does every peace come down to, oh simple-minded wise one?

Countries look after their own self interest. How profound! Who knew? Thanks for sharing that insight!

If you think we are there for humanitarian reasons you are as naïve as the Puerto Ricans. Huh? I have no idea where that came from... what did I just say about how you end every post by descending into gibberish?

Think before you post, you moronic buffoon!

[Unique_Carpenter]

Lusty,
Why do I need to repeat statements made by Lexus and WTF that already addressed your comments?
The macro issue in this thread is global economics pertaining to the location of resources.

The enlightened ruler plans ahead; the good general cultivates his resources - Sun Tzu, The Art of War.

[lustylad]

Originally Posted by andymarksman

When Paul Bremer replaced Jay Garner (replaced for pushing free elections in Iraq too soon), one of the very first acts he decreed was to switch the Iraq's oil trade back to dollars. That measure in itself was so extraordinary since the occupying authority was not even adequately addressing the looting, the sectarian issues, the reconstruction of Iraq's infrastructures, etc.

Now your fairy tale is burst, "economics guru."

That measure wasn't "extraordinary" at all. Bremer could do it with the stroke of a pen, whereas the long-term problems of stabilizing and rebuilding Iraq will take years. Saddam’s demand for payment in euros was purely symbolic and political grandstanding that added unnecessarily to the cost of Iraqi oil on international markets. It also forced Iraqis to incur additional costs when they had to convert those euros back into dollars to pay for their imports. Switching back to dollars was a simple cost-saving, efficiency measure. Bremer’s action was quick, easy and benefited the Iraqi people.

Originally Posted by andymarksman

The Chinese are coercing the Saudis to trade oil in yuan with them because they now feel they are militarily strong enough to get away with it. We'll find out sooner or later if that's the case. But when Saddam dared to fuck with the U.S. economy and our ways to enjoy life, he became a living dead, WMD or not.

Economic your ass, lustylassie.


http://commoditytrademantra.com/crud...for-the-dollar

Hahahaha… this is hilarious stuff! Oh my, did Saddam “dare to fuck with the U.S. economy” by asking for payment of Iraqi oil in euros? That was a HUGE threat to “our ways to enjoy life” lol! Did your life suddenly become much less enjoyable as a result? How so, little nazi boy?

Listen, you ignorant bozo, Saddam could ask to be paid in anything he wanted – euros, rubles, yuan, kumquats or dingleberries – and it wouldn’t affect us in the least. As I just explained, he only hurt himself by adding to the transaction costs of Iraqi imports/exports. And when it comes to the reasons why Bush invaded Iraq, this wasn’t just absent from the radar screen – it wasn’t even anywhere near the minds of Bush’s policy makers and advisors!

The reasons why the dollar is the world’s leading currency have nothing to do with our desire to rule the roost – it has to do with what other countries CHOOSE to hold! Central banks and private citizens around the globe PREFER dollars because they are widely available and accepted, are fully convertible into other currencies, and are issued by a country that has the largest economy on the planet and is seen as a safe haven and an island of stability compared to the rest of the world. People are free to hold dollars – or not! We don’t force anybody to use or hold our dollars. They do it because they want to and it makes prudent economic sense to them. That’s why the dollar still accounts for nearly 2/3 of central bank reserve holdings, compared with roughly 20% for the euro. As for the Chinese yuan, it has little chance of gaining rival stature as long as the Chinese continue to run giant trade surpluses and restrict the yuan’s convertibility.

Here you go, little nazi boy... read and learn!

http://www.reuters.com/article/us-cu...-idUSKCN0WX1WR

http://foreignpolicy.com/2015/06/16/...ng-rights-imf/