Originally Posted by
Nitro Express
Sure you can buy oil in other currencies but a vast percentage of the world's oil assets are traded in the US dollar. Then of course the US used those dollars to finance the largest military machine in world history. Then after 9/11 there was a plan to take over strategic middle east countries and control the middle east.
Clearly there were some people in the US government or influencing the government that felt they could take over key areas of the world with the US military and then use those assets to leverage more control. Why? No other nation had a military that could match the US. China was still behind the times and Russia was a basket case.
Now these greedy moves has damaged the US reputation and people want to dump the Federal Reserve Note because they don't want to finance the war machine any longer.
China was built up because people like HW Bush wanted to weaken the US. It's all engineered to enrich those in the know and screw everyone else. Outsource the jobs, kill the middle class, import drugs. It's not that China beat the US, it's that we had leaders and people of industry who wanted to weaken the US and build up China.
Putin's transformation of Russia has been a huge surprise and what seems to be good relations between China and Russia is another.
I would say the old petro dollar game is coming to an end but the big question is can the BRICS be a major world player? There clearly is a war brewing between BRICS alligned countries and the old western alliance. The old guard wants to hangonto control and they are willing to get very violent to keep it. China and Russia seem to be playing a more sophisticated long term game of three dimension chess. That being, if you give the old western guard in North America and Europe enough rope they will just hang themselves.