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Old 05-17-2018, 08:07 AM  
BucEyedPea BucEyedPea is offline
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Blowback Begins

I said this a month or so ago—and now it's happening.

Those we have been directing non-stop belligerence towards using economic warfare via sanctions, have been seeking to sink the petro dollar, to get around sanctions—including Russia. Now Europe is going to do it.


EU To Ditch Dollar In Payments For Iranian Oil.



European Leaders Revolt Against US Sanctions In Bid To Preserve Iran Deal


Remember what Bastiat said, where goods won't pass, armies will.
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Old 05-17-2018, 08:11 AM   #2
BucEyedPea BucEyedPea is offline
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Pat, please spare me the nonsense that blowback isn't valid—it's a term widely recognized by our CIA and they may have even coined it.
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Old 05-17-2018, 08:22 AM   #3
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Old 05-17-2018, 08:26 AM   #4
BucEyedPea BucEyedPea is offline
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However, the Euro is also in demise per this:

https://www.armstrongeconomics.com/m...is-inevitable/
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Old 05-17-2018, 09:00 AM   #5
Lex Luthor Lex Luthor is offline
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Quote:
Originally Posted by BucEyedPea View Post
Blowback Begins
At first I thought this was a Trump-Putin thread.

Then I realized it's really a Trump-China thread. #MCGA


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Old 06-13-2018, 11:11 AM   #6
SuperBowl4 SuperBowl4 is offline
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IRAN ditched the US dollar after TRUMP said no more Iranian immigration to the US last year. Do you hear about this H.J.Res.10 - Authorization of use of force against IRAN resolution - that was passed last year?
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Old 06-13-2018, 11:16 AM   #7
BucEyedPea BucEyedPea is offline
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Originally Posted by SuperBowl4 View Post
IRAN ditched the US dollar after TRUMP said no more Iranian immigration to the US last year. Do you hear about this H.J.Res.10 - Authorization of use of force against IRAN resolution - that was passed last year?
No I didn't hear about that resolution. I did hear about the Forever War Resolution that's about to be passed tho'.
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Old 06-13-2018, 11:26 AM   #8
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How will this affect the Reserve Currency percentage of the Dollar? Last year it was just under 63%. It's fallen roughly 1% over the past decade. Will this speed up that process? How far can it fall before it does serious damage to the economy here?
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Old 06-13-2018, 11:27 AM   #9
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Old 06-13-2018, 11:30 AM   #10
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Quote:
Originally Posted by BucEyedPea View Post
Pat, please spare me the nonsense that blowback isn't valid—it's a term widely recognized by our CIA and they may have even coined it.
The trade war shenanigans aren’t exactly a covert ops, seems weird to borrow the lingo.
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Old 06-13-2018, 12:07 PM   #11
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Blowjobs!
But for how many will the result be a happy ending?
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Old 06-13-2018, 12:11 PM   #12
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Old 06-13-2018, 12:19 PM   #13
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by Trolly McTrollson View Post
The trade war shenanigans aren’t exactly a covert ops, seems weird to borrow the lingo.
Where did I say trade war shenanigans were a "covert op?"

You put the term "covert-op" in there yourself to create a strawman which shows you don't even know what the word blowback means.

Just because the CIA coined the word, which is in reference to an unintended reaction or consequence to a policy, doesn't mean it refers only to covert-ops. There can be blowback to any govt policy or operation.
Definition of blowback
: an unforeseen and unwanted effect, result, or set of repercussions
https://www.merriam-webster.com/dictionary/blowback
You have to be blind to not see that Russia, China and Iran are being pushed toward working things out on their own on trade in response to the economic warfare we've been waging. It could be damaging to us unless something else happens. China has been building relationships including in Africa and their One Belt One Road initiative across Asia where there are traders all along that route. They're not going around the globe blocking trade through sanctions.
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Old 06-13-2018, 12:20 PM   #14
SuperBowl4 SuperBowl4 is offline
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Originally Posted by banecat View Post
How will this affect the Reserve Currency percentage of the Dollar? Last year it was just under 63%. It's fallen roughly 1% over the past decade. Will this speed up that process? How far can it fall before it does serious damage to the economy here?
CHINA is the largest oil consumer in the world and buys most of it's oil from IRAN. The US dollar success is based on the petro dollar. It means everything. Check out - CHINA PETRO-YUAN "thundering into action" as IRAN ditches US Dollar in OIL trade. Also - IRAN Oil sanctions could advance the CHINA "petro-yuan"
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Old 06-13-2018, 12:46 PM   #15
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But for how many will the result be a happy ending?
I'd be a happy Donger.
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