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To: DJ Taylor

If you’re really going to follow the money, you ought to consider the international reserve status of the US$, the quality of the US$ as a store of value, and the current US$ holdings of KSA and other OPEC nations. Fact is that the US government is utterly dependent upon OPEC and China to finance its deficits, but the quality of the US$ has significantly deteriorated. Consider what would happen if KSA persuaded OPEC to price crude oil in gold instead of US$. This prospect makes our friends, the Saudis, very persuasive in such matters. And, like everything, the current crop of politicians will even make the US military available for a price.


9 posted on 09/11/2013 4:38:49 AM PDT by Skepolitic
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To: Skepolitic
"Consider what would happen if KSA persuaded OPEC to price crude oil in gold instead of US$."

Follow the possibility of a collapsed US economy followed by a collapsed US Government. The most powerful military in the world would then be temporarily leaderless. The closest parallel to this would be a "monkey with a hand grenade" loose in the world. If you don't think that possibility doesn't scare the crap out of the Saudis, you're wrong.

13 posted on 09/11/2013 5:01:39 AM PDT by DJ Taylor (Once again our country is at war, and once again the Democrats have sided with our enemy.)
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