Originally Posted by
bedrock
The ace in the hole for the bankster state is the military and the petro dollar. As long as oil is traded in dollars only, there is artificial demand for the currency. Anyone who decides to try and trade out of the currency like Saddam or Qaddafi meets an unfortunate end.
Iran and China have been prevented from building a pipeline due to the US presence in Afghanistan. The Chinese aren't dumping the dollar because they are being allowed to buy up gold at cheaper prices due to Goldman-Sachs suppressing paper gold prices through massive shorting. As long as there is a world demand for oil, the US dollar can survive on the backs of the rest of the world.
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IF Russia and China do dump the dollar in trading oil, this could trigger a bad sequence of events. The end of the petrodollar would bring all those dollars home, where they would manifest in inflation and rising interest rates. That is when things get interesting...
Six months from now could be a whole different world.
The BitCoin intrigues me. If it can recover from the Mt Gox disaster, it could be seen as a refuge or lifeboat for wealth that will otherwise be ****ed away as inflation hits double digits.