The road to hell is paved in good intention.
Very interesting but what the clip doesn’t refer to is how the gold is obtained. Is it brought on the commodity markets? If so what currency does it use to purchase the gold or does India hold large reserves. But even then, how does it fix the price of oil for the gold? Refer to dollar exchange rates perhaps?
First of all prices can not be fixed, the value of all things is based on the simple bases of supply and demand.
India is only the 18th largest holder of gold reserves but this does not mater India will buy oil off Iran in Gold and then Iran will buy the goods that India produces with the gold.
The road to hell is paved in good intention.
So, is the US going to take on China, Russia and India, a third of the world's population and some not inconsequential military might.
The dollar would rise if the US changed their methods on the food market.
No body knows the answer to that question. The chances are the US establishments game plan is to cause enough problems for the average Iranian who has done no harm to any one by causing them economic hardship that they eventually overthrow they're own government. The worst case scenario would be if the dollar has a serious crisis such as the hyperinflation scenario, then the American establishment may just pull the plug on it and go for broke, because America will then be f^£$ed any way and a world war might be the only chance of saving it. America does have the worlds largest gold reserve on that basis it could fund a war machine that could out strip every other country in the world so from that point of view it could take on all the BRIC nations.Originally Posted by Road_Hog
The road to hell is paved in good intention.
The question remains, are you moving to be the world leader no matter what the consequences, however the consequences of your actions.
At times it seems not only with the US, but with all leaders they have forgotten about their own countries and are working to solve everything else.
The fact remains if you can make your own country stronger and happier, ie; within work, however that is not on the agenda, we are working within a system that does not really have a system at all.
I like the US ideals, but they have moved away from them, they need to restructure their own system, forget about the corportations that want to plough through the world, and work within their corporate system.
The dollar would work well with the US people if they had the chance to let it work for them.
The Euro is finished - as all those with any common sense always knew it would be sooner or later. But the Dollar? Are you being serious? Once a Republican President returns to the White House - be it Romney, Gingrich or Santorum - then the US economy will quickly recover and the Dollar will be as stable as the Pound.
What critera are you judging stability as there haven't been any nosedive in the Euro's value. If anything critics of the Euro are arguing the ECB should be a bit less stable by acting as lender of last resort.
it mostly like another case !If anything critics of the Euro are arguing the ECB should be a bit less stable by acting as lender of last resort.
Life is not about waiting for the storms to pass...it's about learning how to dance in the rain
Posting Permissions
Reply With Quote
Bookmarks