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Old 07-02-2009
smurf smurf is offline
Joint Chiefs of Staff Member

 
Member Since: Feb 2008
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Re: Holy Hell...470,000 job loss in June, national 9.5%

Quote:
Originally Posted by Maat222 View Post
You forget that we also only own things in dollars, so if the dollar become just paper, the Chinese, Japanese, etc., can come in with truckloads of it, and buy up everything.
When we start financing our national debt to foreign countries, we risk ownership of our local assets.
Printing more currency and making it worth less, is the last thing we should want to do.
It is the country with the strongest currency that everyone invests in, and whose assets then are automatically worth the most.

We may have "secured Iraqi oil", but not for us.
It is probably more likely that people like Chalabi, Sadr, bin Laden, and Israel who will benefit the most.
It is unlikely we will ever get any advantage from it at the gasoline pump.
We were probably manipulated and taken advantage of.
Saddam still in power would have been better for us.
At least he kept oil prices steady and reasonable, and had nothing against us.
People like Chalabi, Sadr, bin Laden, and Israel, would prefer to see us go under if it would help them.
You don't grasp completely. You should ask the Chinese how their purchase of Unocal is faring.
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