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How to survive the coming food shortage.

10 Responses to “The plan to destroy America – via the dollar”

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   DrDamage Says:
   December 11th, 2006 at 11:51 pm

   So, exactly what is the US supposed to do in response to this?

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   fourthwire Says:
   December 12th, 2006 at 12:35 am

   The author(s) of the article obviously never took university-level economics………

   Chavez can DEMAND payment in Euros, but if he DEMANDS payment in Euros, he will likely force the U.S. to buy its oil ELSEWHERE from countries that will accept dollars.

   The U.S. buys a portion of its oil from Venezuela because of its proximity – shorter shipping means that the oil is less expensive upon delivery.

   If Chavez refuses to accept payment for oil in dollars, he has just made his nation’s oil more expensive to American buyers, that’s all…. but less expensive to European Union buyers.

   It’s not that difficult to find OPEC nations previously selling oil to European buyers for payment in dollars who want to pay Chavez in Euros.

   Sorry, no actual crisis here….. just another Chicken Little “journalist” who never studied economics.

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   Toubrouk Says:
   December 12th, 2006 at 6:57 am

   There’s another thing about Chavez’s Oil; it is too thick to be brought elsewhere than the U.S. of A.. There’s no other spot in the world where the technology is present to transform Venezuella’s oil.

   So, yes, I do believe that the article is alarmist.

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   NationalVoice Says:
   December 12th, 2006 at 8:59 am

   Geez, you guys really missed the point of the article.

   If the holders of our dollars dump them because they need euros to buy oil, then there is going to be a lot of dollars up for sale. The rules of supply and demand still work. If there a vast amounts of dollars on the market, then the value of those dollars go down. It’s as simple as that.

   But, is that a bad thing?

   It increases the number of dollars necesssary to purchase foreign imports, subsequently making domestic products more desirable and puts us in a better position to export the now cheaper products. And, it screws that holders of our debts because we get to pay off those debts in inflated dollars.

   The people in our economy that do get hurt the worst are those people in fixed incomes. The old, retired church going folks. You know, the ones who are financing zionism and supporting Israel. So, Chavez in right on target as to who he wants to hurt. Then, he will supply those folks with heating oil since our government won’t help them and he’ll sway them to his side.

   Diabolical eh?

   I wonder when we are going to attack Venezuala? And, what the pretense for it will be?

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   fourthwire Says:
   December 12th, 2006 at 12:13 pm

   “Geez, you guys really missed the point of the article.

   If the holders of our dollars dump them because they need euros to buy oil, then there is going to be a lot of dollars up for sale. The rules of supply and demand still work. If there a vast amounts of dollars on the market, then the value of those dollars go down. It’s as simple as that.”

   Guess again, economic genius. You apparently don’t understand the fundamentals of supply and demand as well as you believe that you do…… and you are CLEARLY missing “the point”

   Chavez cannot cause anywhere NEAR activity that might consititute “a massive sell-off of dollars”, although he would certainly want individuals like yourself to believe that to actually be the case.

   He doesn’t control ENOUGH of the world’s oil supply to do so….. and as Toubrouk pointed out, Venezuelan crude is thick – almost the consistency of tar and unsuited for refining in many instances (and for many lighter petrochemical distallates).

   “I wonder when we are going to attack Venezuala? And, what the pretense for it will be?”

   Focus, military genius. I realize that somehow you got the notion that you actually have a grasp on geopolitical issues, but I suspect that the State Department will pass you up once again.

   Chavez, for all of his posturing and grandstanding, really isn’t worth attacking, unless he’s stupid enough to start supporting armed revolution in those South American nations not interested in his brand of socialism.

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   NationalVoice Says:
   December 13th, 2006 at 10:40 am

   How long do you think that the other holders of our debt will keep our dollars once they start plummiting in value? It is not just Hugo who is demanding payment in non-dollars, Iran is too. Geez, I wonder why Iran is the enemy of the day? Watch our world fall apart when the Chinese dump their dollars. We are so subject to economic blackmail right now that our only alternative will be to renig on our debts. Then, watch world war III begin!! And, just like Nazi Germany, we’ll come out fighting and just like Nazi Germany, we’ll get our asses stomped. The end is near, do you have your parachute on?

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   fourthwire Says:
   December 13th, 2006 at 12:07 pm

   “How long do you think that the other holders of our debt will keep our dollars once they start plummiting in value?”

   Which moron told you that our dollars will start “plummiting in value”………

   …… and why are you naive enough to believe her?

   “It is not just Hugo who is demanding payment in non-dollars, Iran is too.”

   Focus, political genius: Iran’s and Venezuela’s head fruitcakes can “demand” any variety of actions by the U.S………. but we are still the biggest dog on the block, and don’t have to cave to ANY nation’s “demands”.

   Suppose that Chavez demanded payment for oil in GOLD for a moment. Do you believe that we would do so? (Hint: if your answer is “yes”, then ask someone a bit brighter than yourself for assistance on that one!).

   “Geez, I wonder why Iran is the enemy of the day?”

   Study your history. Iran has been “enemy of the day for quite a bit longer than your memory, apparently. Iran hasn’t been a friend of the U.S. since religious hardliners under Khomeini took power in the 80’s.

   “Watch our world fall apart when the Chinese dump their dollars.”

   More alarmist nonsense from you. Who do you believe provides the Chinese with their major markets, economic genius?

   “We are so subject to economic blackmail right now that our only alternative will be to renig on our debts.”

   Which moron told you that “our only alternative will be to “renig” on our debts”, economic genius………

   ……. and why are you naive enough to believe her?

   “Then, watch world war III begin!! And, just like Nazi Germany, we’ll come out fighting and just like Nazi Germany, we’ll get our asses stomped.”

   LOL…… Well, at least your ignorance is consistent: you have your head firmly up your ass not only regarding economic and political issues, but also military issues.

   Nazi Germany was created through political, military, and economic forces that are completely divorced from America’s geopolitical environment……

   Yet you pretend to foresee similarities?

   You’re a buffoon.

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   NationalVoice Says:
   December 13th, 2006 at 12:45 pm

   And you’re a government plant trying hard to prop up our failed economy.

   Tsk, tsk, you don’t have to try so hard, the people aren’t going to figure it out before you to have a chance to dump your dollars.

   I like you moniker, but, shouldn’t it be “fifth column” as in communist subversive?

   I also suspect that you are divorced and are having to make child support payments. There must be a reason for your hostility.

   And, I don’t blame your wife for divorcing you. You can’t take it when someone has a different opinion than yours.

   Wimp!

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   fourthwire Says:
   December 13th, 2006 at 5:10 pm

   “And you’re a government plant trying hard to prop up our failed economy.”

   LOL….. do you usually mistake individuals with a grasp of economics and political science fundamentals for “government plants”, Einstein?…;-)

   “I also suspect that you are divorced and are having to make child support payments.”

   That sort of guessing makes you wrong on a couple MORE points there, Einstein…..;-)

   I’m not complaining about you, mind…… since every time you project that scintillating intellect of yours on this board you are unwittingly providing a bit of entertainment.

   “There must be a reason for your hostility.”

   No hostility here, Bonzo. I DO enjoy teasing the hard-of-thinking when they make asses of themselves, though.

   “And, I don’t blame your wife for divorcing you.”

   Well I don’t blame your keeper for tossing you an extra ration of bananas there, Einstein…..;-)

   “You can’t take it when someone has a different opinion than yours.”

   Of course I can, Bonzo. I do believe that intellectual powerhouses like yourself deserve to be openly laughed at whenever you post with all of the cognitive skills of a brain-damaged monkey, though.

   As the matter of fact you are wrong once again – I don’t particularly mind when people hold different opinions from mine, Bonzo, but I do enjoy having a bit of fun with academic giants like yourself.

   “Wimp!”
   Don’t bother providing MORE of your personal information there, Einstein. You’re entertaining enough already.

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    DrDamage Says:
    December 14th, 2006 at 2:45 am

    I think damage that can be done here is more in geopolitical terms than in economic terms. If the value of the American currency collapses, the only major commodity that the US cannot supply from its own internal economy is oil. This can do some serious damage but I hardly think that with any leadtime at all, the damage would be terminal. Particularly since it would make paying Americas foreign debt simplicity itself. As has been noted earlier, runaway inflation would really screw the people who are owed $US by Americans.

    While this issue has the potential to create short term havoc in the US, it is likely to solve several other problems in the process: US foreign debt would plummet, Manufacturing in the US would enjoy a massive revival and exports of manufactured goods would increase in line with the revival of manufacturing. This means that medium term, the shift of the US economy to the service sector would be reversed reducing the employment consequences for men that have been noted elsewhere on this site.

    It would, perhaps, reduce American geopolitical influence. If this is the case, middle eastern despots would have to look elsewhere for patsies to blame for their own incompetence. If so, perhaps some other nation would find itself the target of the seething hatred that is the only product the middle east produces in more abundance than oil.

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