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ECONOMICS AND FINANCE

vince on quora: what's the importance of the us dollar? why?

12/12/2019

2 Comments

 
https://www.quora.com/Whats-the-importance-of-the-US-dollar-in-the-world-economy-Why/answer/Vince-Dhimos
 
What's the importance of the US dollar in the world economy? Why?
 
Vince Dhimos, Editor-in-Chief at New Silk Strategies (2016-present)
 
The US dollar has played a key role in all wars waged by the US in the last 50 years, which were waged in large part to please the Saudis, thanks to the petrodollar agreement signed in 1974 between R. Nixon and King Faisal. Nothing is made of this portentous event in the Western media because if people were aware of it, Westerners would stop supporting US wars and Europeans would exit NATO.
 
Bloomberg was the only outlet that dared to publish and discuss a copy of the original deal, but there were obviously Saudi influences on the US government that were not mentioned in the agreement.
 
To answer your question succinctly, the US dollar was the main cause of the horrendous wars in the Middle East over the last 5 decades.
 
I discussed this in detail at Quora:
 
https://www.quora.com/What-were-...
2 Comments
John M Stassi
12/12/2019 11:32:25 am

Major General Smedley Darlington Butler (July 30, 1881 – June 21, 1940), was a United States Marine Corps major general, the highest rank authorized at that time, and at the time of his death the most decorated Marine in U.S. history.

War is just a racket. A racket is best described, I believe, as something that is not what it seems to the majority of people. Only a small inside group knows what it is about. It is conducted for the benefit of the very few at the expense of the masses.
-- Smedley Butler, From a speech (1933)

I spent thirty-three years and four months in active military service as a member of this country's most agile military force, the Marine Corps. I served in all commissioned ranks from Second Lieutenant to Major-General. And during that period, I spent most of my time being a high class muscle-man for Big Business, for Wall Street and for the Bankers. In short, I was a racketeer, a gangster for capitalism.
-- Smedley Butler, From a speech (1933)

Reply
Vince
12/13/2019 06:28:22 am

Yes, John Stassi. And we have a reader who is a Marine and I think he might agree with Smedley.
If you want some details on why the US murdered so many Middle Easterners, see our posting: HOW THE WEST CREATED ISIS
http://www.newsilkstrategies.com/international-relations/how-the-west-created-isis

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