Whole Future Of USA Rests On If The USD Continues To Be Used To Buy Oil

I hope this is true. Since the entire world is against the criminals and maniacs currently in charge of the US state, what better way than for people to push their govts to dump the lousy Yanqui dollah for Euros. Bring the mofos down with their own currency. Wow, is this hubris or what?

This is reality.

This was the driving force behid the creation of the European Union. To create an entity that could economically compete and eventually overtake the U.S. with its own currency. This plan has been in motion in Europe for quite a few years now. It's now coming to fruition. In fact, French President Chirac basically said just that today.

http://www.telegraph.co.uk/news/main.jh ... wstop.html

Why else do you think that, despite a "recovering" economy after the Bush re-election the U.S. dollar continues to drop like a stone in water? It's because Russia took the lead and swtiched to the Euro, Venezuela (7th largest oil exporter in the world) soon to follow, then countless others. Since WW2 the world has used U.S. dollar as the currency for international transactions. This is the source of all U.S. power. Now the world, fed up with the U.S., is going to switch.

Bye bye, United States economy.

---
Revolution.

P.S. What's up with the "US$" in the heading? Is it that hard to make a "$" sign?



---
Revolution.

A wholesale move the EURO will hurt Canada as well as we have not prepared for it. American buying power will decline and with that will also go their demand for Canadian products.

Oil and gas outstanding of course.

The replay button isn't working on other peoples comments for some reason, so...

"A wholesale move the EURO will hurt Canada as well as we have not prepared for it. American buying power will decline and with that will also go their demand for Canadian products.

Oil and gas outstanding of course."

Yup, very true. We'll find other markets though. But yeah, no doubt we'll be affected negatively huge as well. I hope we don't get pulled down with the sinking ship south of us. Not much hope of that I suppose.

---
Revolution.

Thank you, Oost, for bringing us that astute report. This is reality, something that the elites are very good at keeping from the American public, while distracting them with mallingering side shows. Americans are easily distracted so these kinds of things go unnoticed and unreported. You have to stop and ask youself, what is money? What is wealth? Are the two the same? How is wealth produced? If you were set on a deserted island with maybe only your family, without any chance of rescue, how much would you be worth? If you can answer these questions in a level headed sort of way, then things ain't as bad as they would seem. And always remember,
"Beauty is truth, truth beauty," - that is all
Ye know on earth, and all ye need to know.

<p>There is a slight misunderstanding here. Russia is a net exporter of oil and therefore is using the Euro to <u>sell</u> its oil. This will have little effect on Canada's exports to the US. Of course it may have an effect if our dollar doesn't keep pace with the Euro.</p> <p>The only ones that need to be concerned with this are the Americans because it gives them less buying power and less economic leverage in the world.</p> <p>Some might argue that a stronger Canadian dollar makes our exports to the US more uncompetitive in than domestic choices there but that is not really true. This is because most of our manufactured exports to the US are made with parts that are made in the US (including manufacture and assembly), imported here and assembled into finished products, and then exported back. This would pretty much offset any increased expense Americans would have in obtaining Canadian dollars.</p> <p>As an aside, it is also interesting to note that the value of these imported parts are not subtracted from the price of the finished exported product when our balance of trade with the US is calculated.</p>

I remember when people began pointing out Iraq had profitably (literally) switched to the Euro in Nov 2000, setting a very bad example (from the Whitehouse POV) to the rest of OPEC, and that this might have had a little bit to do with Op. Iraq Liberation (as in, made it more urgent - we know the Bush regime wanted Iraq even before it was appointed).<ul> <li><a href='//www.ratical.org/ratville/CAH/RRiraqWar.html'>William Clark</a> <li><a href='//middleeastinfo.org/article4398.html'>Bulent Gokay</a> <li><a href='//www.currentconcerns.ch/archive/2003/04/20030409.php'>F. William Engdahl</a> </ul>Featuring <a href='//www.guardian.co.uk/comment/story/0,3604,1270414,00.html'>John Chapman</a> explaining why Blair would care. <p><em>They were laughed at.</em>

If you want to comment on this article go to the box above the first comment and use the reply button there.

Good sites Kwantize, the articles are very illuminating.

Perhaps it's time Canada realised that the world market is more then the U.S.A.. Canada has to enter a broader market for it's goods and it's own good. Free trade is not an open market.

Venezueala and Iran have also expressed their intent on pricing in euros.

Iran: http://globalresearch.ca/articles/CLA410A.html

Venezuela:

Funny, the last country to try this was Iraq : http://www.axisoflogic.com/artman/publi ... 2820.shtml

"On November 2000, Saddam made a fateful decision to convert 10 billion U.S. dollars to euros. This was a radical move for an OPEC country. This single decision may have sealed his fate. That single transaction must have sent shock waves through London and New York. The reason for alarm is cast in a story about oil, greed and geopolitics. "

"Actually, the price of oil is cheap in terms of the US$ of the 1980s and 1990s. In fact, in the same time period during which the price of oil has gone up in terms of the US$, it has remained stable in terms of the EURO. (2) This has prompted speculation that OPEC will change from denominating all sales of oil in the dollar to other, more attractive currencies, like the EURO ... which would be disastrous for the US economy and the US$ as world reserve currency. (3)"
http://www.vheadline.com/readnews.asp?id=23265

And, not that it had any impact on Global Markets, Cuba has dropped the USD altogether
http://www.cubanet.org/CNews/y04/oct04/27e2.htm

Canada will learn that there is more people in the world to trade with than just focusing 75% of our trade on the USA. We should focus only 40% on the US, 25% on Europe, 25% on Asia/Africa/Austrailia, and 10% on South America. Open up our opportunities and be more active in the world again so Canada may start building up its reputation in the world again. We just need to vote the right politicans in our federal government. I have a warning about the European Union though. If it gets too big, it could run into trouble just like the USA.

---
Alliance Atlantis films proudly presents...
Anakin Skywalker will fall and the Empire will rise May 2005.