The Inside Assyria Discussion Forum #5

=> Re: america....a dying nation?

Posted by Tiglath (Guest) - Monday, December 6 2010, 12:43:45 (UTC)
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I just disagree with your point that the US Federal reserve prints money with no backing remark. The US Empire uses Middle Eastern petrodollars transacted at the two US denominated oil exchanges and recycled into US treasury bills where the Federal reserve then allows US banks to borrow against them.

The US dollar in effect is therefore backed by black gold as opposed to gold which it delinked from in 1971 at the height of the Vietnam war.

The fact that the US has moved to quantitive easing aka printing money with no backing lately is a sign that the Iraq and Afghanistan wars far from being non costly surgical strikes andd guaranteeing future petrodollar capital flows into the US empire's coffers have instead drained it further and sparked waves of economic and millitant resistance worldwide.

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america....a dying nation? pancho - Tuesday, November 30 2010, 20:57:30 (UTC)
- Re: america....a dying nation? Rashad - 11/30 23:22
  - Re: america....a dying nation? Tiglath - 12/06 12:43
    - Re: america....a dying nation? pancho - 12/06 18:22

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