The Mudcat Café TM
Thread #148981   Message #3464662
Posted By: Jack the Sailor
11-Jan-13 - 03:38 PM
Thread Name: BS: debt limit. can nybody explain why
Subject: RE: BS: debt limit. can nybody explain why
I think that video tells less that the whole story and sometimes confuses cause with effect.

I don't understand the accusation that The US engaged in "theft" from France. I suspect, especially knowing who was leading France at the time, that the charge is hyperbole.

I don't think that Imperial Rome and the current US are comparable.

But US economic influence to China is waning. But the Chinese currency will never be the world standard and after the past 4 years, the Euro doesn't have much of a chance either.

Here is a question. Should the US be somehow compensated for keeping the peace in oil producing regions? Should it be compensated for keeping the peace in the South China Sea? Should it be compensated for allowing Canada, Germany, Japan, Korea, Taiwan and the rest of the Americas to have much smaller military budgets than they would need to protect themselves from external threats?

If so, the situation described in the "petro-dollars" portion of the video is simply fair compensation by the Saudis and the rest of the world.