Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada wrote:I don't see this as sudden at all, different nations have been easing off on their commitments for a decade or longer by this point in time.
careinke wrote:The problem with countries who do try and find an alternative to the U.S. Petrol dollar is:
1. The U.S. will destroy your country through war.
2. Kill the leader of the country.
theluckycountry wrote:The alternative to the US dollar is a gold backed currency, it's why Russia and China have been buying up every ounce on the planet for nearly 20 years. It was the US gold backed currency that brought stability after WWII, and it worked fine up until 1970 when the reneged on the agreement. That caused the massive inflation of the 70's and the US has been losing ground ever since.
According to the Brazilian government, China and Brazil have reached a deal to trade in their own currencies, ditching the United States dollar as an intermediary entirely, AFP reported.
The deal, Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade which amounts to $150 billion per year, and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the US dollar. In doing so China extends its bilateral, USD-exempting currency arrangements beyond countries such as Russia, Pakistan and Saudi Arabia to now include the Latin American exporting powerhouse.
theluckycountry wrote:In the Heart of Destitute America
https://www.youtube.com/watch?v=f78ZVLVdO0A
theluckycountry wrote:careinke wrote:The problem with countries who do try and find an alternative to the U.S. Petrol dollar is:
1. The U.S. will destroy your country through war.
2. Kill the leader of the country.
Yes, that has been the history of the last 80 years. But now the US empire is on it's last legs and the BRICS collectively are stronger militarily, natural resource wise, and through China control the bulk of the modern industrial base.
In the "West" people are stressed about "the" Ukraine, about oil and gas shortages, but the BRICS are singing, knowing their time has come. Kicking Russia out of SWIFT was the biggest mistake the West made, it's forced the opposition's hand. The only thing the West controls now is money creation and they have made a complete mess of that. Once Iran and Saudi Arabia join the BRICKS it will be game over I believe. That's why the war, there are always big wars as an empire fails and the power shifts to the new empire.
Look at the desperation over the Ukraine, it smacks of the WWI efforts of Britain to maintain control of its empire. It wasn't the death of an arch duke that started that one, it was Germany's construction of the Berlin-Baghdad railway that threatened the UK dominance on oil shipments across the high seas.
https://www.globalsecurity.org/military ... hdad-3.htm
evilgenius wrote:There is only one problem with your calculus. When it comes to most resources that impact upon the coming electric future, all that the US has to do is reverse its Wilderness Area policy.
theluckycountry wrote:evilgenius wrote:There is only one problem with your calculus. When it comes to most resources that impact upon the coming electric future, all that the US has to do is reverse its Wilderness Area policy.
How much oil is there in these areas? Oil is the limiting factor, economically at least.
The mistake that most people today make is that they assume that government and big business want them driving. But the covid lockdowns proved that isn't the case, not anymore. And if you can get 100 million cars or more off the roads of America imagine what you can save in infrastructure maintenance. Our way of life will end with the end of oil. It will happen, and sometime between now and the next 100 years all this, all these cars, these expensive bridges and paved highways will all be abandoned because they were all built with oil.
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