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[Jorsher]

This will be my last political thread for a while

So I ran across this video: http://www.youtube.com/watch?NR=1&v=3DwAlrecl4A

For the lazy, it's a journalist explaining what she saw in Libya and how what western civilization is being shown is complete bullshit.

Then I saw this: http://www.finalcall.com/artman/publish/World_News_3/article_7886.shtml

Cliffs: Gadhafi wanted to start accepting gold for their oil instead of USD.

Being that USD is the world reserve currency and we (along with the other allies) need the oil, I can understand why they would not want an oil supplier to stop accepting their currency.  It makes a bit more sense than "we're going to spend millions on foreign soil to spread democracy because we love Libyans!"  I never really paid attention to the Libya thing, but it sounds eerily similar to Iraq.  A lot of countries are considering moving to different currency, and shit is going to get real.

[jay]

its not just libya.

all the opec member nations want oil to be backed by gold because us currency is worthless

ghadaffi was a good leader for his country almost all choices he made were backed by his people and he kept close ties with the african union for the most part it was the us embargo which kept that nation poor

what i dont get is why doesnt a arab country go to russia and say hey russia we will be your bitch come rape our oil reserves as much as you want as long as you modernize our country in the process

or sell oil to china for pennies on the dollar in exchange for services

why the fuck do they need to follow bullshit opec rules

i cant wait for ww3

[Jorsher]

its not just libya.

all the opec member nations want oil to be backed by gold because us currency is worthless

ghadaffi was a good leader for his country almost all choices he made were backed by his people and he kept close ties with the african union for the most part it was the us embargo which kept that nation poor

what i dont get is why doesnt a arab country go to russia and say hey russia we will be your bitch come rape our oil reserves as much as you want as long as you modernize our country in the process

or sell oil to china for pennies on the dollar in exchange for services

why the fuck do they need to follow bullshit opec rules

i cant wait for ww3

Yep.  They definitely aren't the only ones wanting to move away from USD.  It's OK, when people stop accepting our money, it will be the "99%" that suffers for the 40 years of printing money.  As oil/water resources dry up and people stop giving us some for our paper, you can bet shit will go nuts.

COMING SOON!  PRE-ORDER NOW!

[jay]

http://www.youtube.com/watch?v=eWJ-FhGCHhw

[jay]

i love how that article quotes farakhan

if it wasnt for farakhan and all his fucking minions the entire WORLD would be at peace and there would be NO suicide bombers

blacks wouldnt be so fucked up in america and we prolly would have never been in a recession

farkhans people killed Malcolm X. had malcolm x been alive today prolly 60% or more of blacks in america would be MUSLIMS where they usually take there role of being IMAMS where they would go all over the middle east and teach tolerance and to stop the hatred. farakhan prolly also had something to do with the death of martin luther king jr. could you imagine how much better off blacks would be if king hadnt been killed? or if malcolm x and dr king worked side by side?

mandela wouldnt have sat in jail for that long. all these puppet govt in the arab countries wouldnt have come to power and fuck ties with cuba wouldnt be so fucked. all in all farkhan should have been the one to eat a bullet

[rawr]

Libya was also one of the only countries that controlled its own currency. They'll have a foreign central bank very quickly.


The green square rallies really showed how many people were behind gaddafi. If you fucked with your citizens, you wouldn't give them AKs to defend themselves and let them all come to your capital.  The rebels were pirate thugs funded by bankers.   I feel bad for Libyans, they're getting fucked pretty hard right now.

[HiProfile]

Printing of money only accounts for ~5% of of total inflation. They can triple the number of active mints and run them overtime and it still wouldn't hit 15%.

If our government makes war all over, we'll be forced to be a closed society. Then it will all have to come from within, and they'll have to rely on "us", the middle class.

[j.h.christ]

i was ranting about this months ago. lrn 2 zerohedge.com, newbs

[Jorsher]

Libya was also one of the only countries that controlled its own currency. They'll have a foreign central bank very quickly.


The green square rallies really showed how many people were behind gaddafi. If you fucked with your citizens, you wouldn't give them AKs to defend themselves and let them all come to your capital.  The rebels were pirate thugs funded by bankers.   I feel bad for Libyans, they're getting fucked pretty hard right now.

Yeah, very good point about giving them guns.  The video on the link in original post is interesting and sums it up.

Printing of money only accounts for ~5% of of total inflation. They can triple the number of active mints and run them overtime and it still wouldn't hit 15%.

If our government makes war all over, we'll be forced to be a closed society. Then it will all have to come from within, and they'll have to rely on "us", the middle class.

This may not be true as I'm just using some homegrown logic, but I would think inflation occurs at a much slower pace than it should if things were kept in balance.  What I mean is, if the government printed $1 trillion today, prices won't be higher tomorrow, it'd probably take a few months.  I'd think it'd take time for the market to adjust to the increase in total money.  Here's where I see a problem with it.  We're going $6 billion deeper in debt every day, and I'm sure that's increasing as time goes on.

The problem I see is that more and more countries are talking about moving to other currencies than the USD.  As fewer people want our money, we'll have fewer people to buy fewer supplies from, both of which will cause the prices of whatever to increase.  As more countries move away from the USD, and other countries that already have a large sum of their wealth in USD can't spend it anywhere, they're going to either stop accepting it or devalue the fuck out of it.  Then, you'll see a bit more than 15% inflation

Please explain what you're talking about with the government making war over again and having to depend on the middle class.

i was ranting about this months ago. lrn 2 zerohedge.com, newbs

Yeah, well, I've been having a lot of fun lately reading foreign articles about foreign issues reported by our news.  Will be checking that site out...

[slappynuts]

The fed has been pulling as many strings to keep inflation down as they can. In the end its just going to blow up even bigger.

[Jorsher]

16 Things Libya Will Never See Again
There is no electricity bill in Libya; electricity is free for all its citizens.
There is no interest on loans, banks in Libya are state-owned and loans given to all its citizens at zero percent interest by law.
Having a home considered a human right in Libya.
All newlyweds in Libya receive $60,000 dinar (U.S.$50,000) by the government to buy their first apartment so to help start up the family.
Education and medical treatments are free in Libya. Before Gaddafi only 25 percent of Libyans were literate. Today, the figure is 83 percent.
Should Libyans want to take up farming career, they would receive farming land, a farming house, equipments, seeds and livestock to kickstart their farms are all for free.
If Libyans cannot find the education or medical facilities they need, the government funds them to go abroad, for it is not only paid for, but they get a U.S.$2,300/month for accommodation and car allowance.
If a Libyan buys a car, the government subsidizes 50 percent of the price.
The price of petrol in Libya is $0.14 per liter.
Libya has no external debt and its reserves amounting to $150 billion are now frozen globally.
If a Libyan is unable to get employment after graduation the state would pay the average salary of the profession, as if he or she is employed, until employment is found.
A portion of every Libyan oil sale is credited directly to the bank accounts of all Libyan citizens.
A mother who gives birth to a child receive U.S.$5,000.
40 loaves of bread in Libya costs $0.15.
25 percent of Libyans have a university degree.
Gaddafi carried out the world’s largest irrigation project, known as the Great Manmade River project, to make water readily available throughout the desert country.

Anyone know if there is any truth to this?

Where are the Libyans on the internet.

[Stealthmode]

  As long as at some point during the world collapse, they revalue the new Iraqi Dinar, money manipulation will work for me for once.

[rawr]

I think website manipulation is working against you pretty hard at this point