/biz/ - Business & Finance

It wasn't really about the oil anon. It was to protect the petro dollar and strengthen Israeli security in the region.

>>20258265
The petrodollar is a normie conspiracy theory though, isn't it? The US is losing way more money being the "world police" than they would be losing without the meme-dollar, something no other country on the face of the earth relies on. We've just have commies in the government for the past century looking to transfer power and influence to China

>>20258488
The petro dollar is what makes the US dollar the world reserve currency and props up the dollar, US has been bankrupt since Bretton woods agreement, It's not a meme. So far any country that has attempted to undermine it has been invaded or otherwise destroyed by the USA.

>>20258219
lol, there are still plebs that believe it was for oil.
Look up AIPAC and get back to me.

>>20258635
I'll try and look into it with an open mind-but it's hard to ignore the fact that the country is doing so terribly despite this supposed advantage which is apparently worth maintaining a global military hegemony that our allies and enemies alike are seamlessly able to exploit.

>>20258635
Like seriously, does the petrodollar prevent Denmark and France from selling us insulin (80% market share) at a premium while selling it into Europe at prices they wouldn't even break even on? Does the petrodollar prevent China from buying up our food supply (Smithfield), real estate etc.? How much fuckin' worse could it get, man!

>>20258488
>The petrodollar is a normie conspiracy theory though, isn't it?

Anon, you can't be this fucking retarded? What do you think the US dollar is backed by? Gold?

>>20258856
Well shit I don't know.

What is the Euro backed by? What is the Kroner backed by? What is the Yen backed by? The government says it has value (i.e. legal tender) so it does, that's as far as much as I know about it. We're not Russia whose federal budgets are directly tied to the oil price or whose exports are 60% and overall economy is 30% oil and related products.

>>20258777
Without world reserve currency status the dollar would collapse.

Before he was murdered and the country plunged into civil war (with the rebels supported by US) Gaddafi wanted to trade Libyan oil for gold, roubles and euros.

Saddam Hussein had intended to trade Iraqi oil for the same and threatened Israeli hegemony = Imvasion of Iraq.

China is making moves to undermine the dollar as world reserve currency, if they continue down this path then war is coming.

>>20258916
>The government says it has value (i.e. legal tender) so it does

>>20258920
>China is making moves to undermine the dollar as world reserve currency

They're also trying to undermine it as our own currency; these anecdotal stories of China sending small (millions) of dollars in counterfeit currency through the Canadian border into Minnesota are likely just the tip of the iceberg. A near-perfect copy of the USD given unimpeded access to the streets of the US could cause untold chaos.

>>20258941
Answer the question: what is every other currency in the world backed by that they don't themselves collapse?

>>20258920
In addition, China was in talks with Afghanistan to create pipeline between them. Those talks dissipated because of 9/11. Fast forward to Syria in 2015 or so, Iran planned on running a pipeline from the country through Iraqi and Syria. Syria gave them a greenlight after Syria denied the Qatar-Turkey pipeline on the stance that it would weaken the influence of Russia on Europe. Look what happened to that country.

Do you notice a pattern anon? Or is this all normie shit to you?

>>20258851
Trade agreements have nothing to do with the petro dollar anon, you're confusing things.

I am not American so my knowledge on historical US trade agreements is limited and likely error prone (American anons reading the thread with more accurate knowledge please chip in)
From my understanding during the 1970's the US provided very favourable (to the other country) trade agreements to many countries to encourage economic growth in the hope that they would develop into democracies with similar values to the US and become allies or at least fall under the US sphere of influence. Certainly in the case of China this allowed the Chinese to progress to a level of economic and industrial/technological development that they would never have achieved without such trade agreements.
Unfortunately for the US and the west China never democratised or adopted the social and political values it was hoped they would.
For the European partners I am not sure, it may have been a way to support NATO membership or an attempt to counter Soviet influence by making trade with US preferable despite the geographical proximity of the Soviet block to Europe.

>>20258219
Reflex from the Cold War. We safeguard European and Asian oil supplies so Europe and Asia can help us fight the Soviets and give the US its security.

>>20258219
Heroin anon

Had an SF friend tell me. I stay by Fort Bragg........yeah the Government imports drugs and sells them to you. It's all bullshit.

Afghani papaver somniferum.....created by Bayer

>>20259162
Heroin created by Bayer derived from morphine which came from papaver somniferum

Also, the petrodollar is the biggest meme conspiracy on the planet, if it were both real and unwanted by the rest of the planet, you'd see countries buy as many dollars as needed to fund their oil purchases and not a penny more. Instead you see many countries buying both dollar-denominated assets and dollars themselves, almost without regard to their price in local currency. This is because you can use forex reserves to stabilize your currency versus the currency held in reserve.This, combined with American open seas doctrine, means you can turn your economy into a manufacturing and export powerhouse and get the Americans to pay for it both coming and going: American investors chasing yield set up the infrastructure, and American consumers pay for the end product.

>>20259068
Shale gas and Alaskan oil deposits are already enough for the US to attain energy independence if those assets are developed to their potential. The USA doesn't need any foreign hydrocarbons.
https://zeihan.com/the-absent-superpower/

>>20259162
>>20259179
I am more familiar with the opium poppy narrative and it explains the extreme pushback against not having a completely porous border/checking every vehicle that crosses the approved checkpoints instead of every fifth one or whatever.

>>20258488
It's not a meme anon.
The USA is controlled by elite billionaires and jews that will do anything wealth.
And if you want to create a gold-back currency instead of using the petrodollar, you die, simple as that

>>20259242
North Carolina is the best state for trafficking anon

Its not like Cali where they seem to give illegals "free shit" and incentives. They do that in California to catch them. They dont do that shit in NC. The vast majority of Mexicans in this state walked here. Its "safer" for them.

>>20259214
The statement on its own is true but our need to monopolize the commodity itself isn't really the what the idea behind the petrodollar is about necessarily-otherwise the fact that we get less oil from territories we occupy never would have manifested.

The biggest issue I have with the petrodollar conspiracy is that it implies that our politicians actually have our best interests in mind and are protecting us from whatever the consequences of not having super special petrocurrency would that no other country has in the world while simultaneously ignoring or even actively exacerbating other problems in our lives.

>>20259210
Same salient observations in this post anon.
Why would the petro dollar be unwanted by the majority of the planet?
Most countries seem to be content with the arrangement.
Only challenges have been from oil exporters, countries with radically different political alignment than the US or from US enemies. In some countries US dollars can be preferred for purchases as national currency may be prone to hyperinflation.

>>20259417
For example, Trump just passed what could be one of the most significant pieces of legislation against the healthcare industry in a long, long time and you don't hear much of a peep about it; in reality it could have and should have been the law of the land for at least the past 30 years let alone something that was just done a few days ago or whatever.

>>20258265
THIS
>Be Libya
>hand over nukes
>decide not to use the dollar for oil
>Have a revolution where the leader dies.

Libya is the reason Kim won't hand over his nukes. Mutts are not to be trusted.

America did its job, The right type of central bank is in the country now.
Thank you america for bringing democracy, you fuckin cunts.

>>20259047
what is every other currency in the world backed by that they don't themselves collapse?
The simple answer is a balance of payments. the currency is debt
Some currencies are commodity based, some pegged. Look up basic fx
Krone is a great example, they're backed by oil & have ~$2 trillion in a sovereign wealth fund.
>>20259047
The amount of cash is about 3% of the money supply. Millions vs the FED Stumplus, really...
>>20259210
>Instead you see many countries buying both dollar-denominated assets and dollars themselves
Yep, the dollar is safe. Also if you are in a shithole country USD denominated bonds are at a lower rate & attract foreign investment.
>This is because you can use forex reserves to stabilize your currency versus the currency held in reserve.
they have to have the reserves, how many countries can keep up with the USD? reserves are finite.
>that our politicians actually have our best interests in mind
WOW, imagine thinking this.
Also its not up to the US if they remain the world reserve currency. the market will decide.

>>20259550
>Be Libya
>hand over nukes

This is such fucking bullshit. No country has the right to tell another country they can't have nukes.

>>20258219
We went there in order to establish a military presence for Israel. Saddam Hussein wanted to price oil in Euros, which would siphon power away from the Zionists who have enslaved the U.S. via the Federal Reserve.

>>20259550
>WOW, imagine thinking this.

I assume you meant to respond to my post >>20259417 and yeah, I don't think that at all and that's why I'm a petrodollar skeptic-it to me implies they're doing something benevolent for us when it's obvious that the occupation wars have been instrumental in our status as #1 being diminished rapidly.

>>20259640
That begs the question of why Israel would potentially undermine their own power by supplying China with US military secrets and hardware though.

>>20259672
Yep, I fucked it all up somehow...didn't spell check either, its late...
The USD is still gaining dominance.
It's not within the remit of the FED to supply the whole world with USD. This can't go on forever. Pic related, Covid fixed the repo window issue. The USD supply & Global GDP lines, totally by coincidence, meet. There is enough USD, for now.

the who point of Iraq was to change the central bank, mission accomplished

>>20259706
Because of this: >>20257440

>>20259859
Yes, the transfer of power (rather than maintenance of it) is the impression I'm getting as well as I've shown up-thread. Read "Blacklisted by History". This is a conspiracy a century in the making.

I wonder how the people that said China would somehow go democratic after we funneled our military, wealth and influence to them over the past two decades came to that conclusion.

Because jooz

>>20259640
Saddam was never a threat to Israel anymore than he was a threat to us. Occam’s Razor is we had a dumb naive Christ-cuck in the WH who thought we could go over there, plant a democracy in the heart of the Arab world and freedom would spread all over eliminating the desire for terrorism and he’d get a statue in Baghdad like Reagan in Eastern Europe. It didn’t work out that way because dumbass Dubya had no clue the difference between Shiites and Sunnis who hate each other more than they even hate Jews.

this is a good and interesting thread

>>20258635
Oil is only a small percent of global USD volume lel, the entire theory can be traced back to some goofy Russophilic American academic

>>20260321
A lot of the US elite seem to want to cede the US's power to China, as long as they can keep getting rich. This is the only real explanation.

>>20261021
Then what of the US military? I surmise that they would want a say in their piece of the pie? After all they have the power to turn someone else's assets into nothing (whether it is through direct or indirect warfare).

Now that I look back on the USSR, the Soviet military really had no say in the collapse did they? Once their currency hyperinflated, they simply fizzled out and they were forced into selling their weapons to middle eastern/latin american dictatorships.

Entire militaries/nations can be destroyed through Forex. No war or fighting is really necessary.

>>20261021
That's of course part of it, but there's guaranteed to be many true believers in the highest offices-certainly now more than ever given there hasn't been the political will to deal with double agents since the mid 1900s. Even entertaining the possibility brings yields charges of "McCarthyism" (McCarthy himself ultimately being mostly vindicated of course-contrary to what the media would tell you).

>>20261203
>Then what of the US military? I surmise that they would want a say in their piece of the pie?
They're subordinate to the State Department/CIA/media/University complex. Do you think a military with real power would be taking women and transgenders or constantly lowering standards to meet recruiting requirements? Kek. The generals are political appointees who are largely on-board with this, I think.

>Now that I look back on the USSR, the Soviet military really had no say in the collapse did they?
Oil prices tanked didn't they?

>>20261267
I think "Communist subversion" is a bit of a misnomer when the entire upper class in America were Communist sympathizers. Contrary to Patriotard narratives the US has always been a radically Left country. If anything McCarthy was the real subverter of American society.

>>20259550
>hat is every other currency in the world backed by that they don't themselves collapse?
Almost everyone else is poor, that's how

>>20261282
As far as I can tell, Trump state department is in panic mode. Watch any state department briefing and they're constantly gas lit by journalists. There are some fractures in the deep state, divided between the "America first" camp and the "Global homo first" camp.

My bet is that the "global homo first" camp will win as Americans have become spineless simps.

I guess the muscle-heads in the military don't realize that they're being fed with worthless paper in the end, and their game could end in 2 weeks if financial markets turn against them. Their egos (pride) will surely cause their demise. I guess they can wave their "pride flag" all they want when the US becomes a backwater in 30 years, pretty sure the US flag will be replaced by that ugly banner.

>>20261425
>My bet is that the "global homo first" camp will win as Americans have become spineless simps.
Agreed

>I guess the muscle-heads in the military don't realize that they're being fed with worthless paper in the end, and their game could end in 2 weeks if financial markets turn against them. Their egos (pride) will surely cause their demise. I guess they can wave their "pride flag" all they want when the US becomes a backwater in 30 years, pretty sure the US flag will be replaced by that ugly banner.
They higher-ups are political appointees who get corporate board positions for their service and become millionaires - Mattis was on the board of Theranos for example. A lot of these startups seem to be like pajeet shillcoins for politically connected rich people. Get on the board of a politically-connected startup and dump on people at IPO after doing what your masters want in the military.

>>20261299
Being left and being a commie actively supporting a foreign power are two different things (both are gay tho)

>>20260610
Fuck off kike

>>20261577
Nice dubs fella

>>20261506
Ultimately they get screwed over in the end.

They may become wealthy but their actions will result in the demise of the greatest power that has ever existed. The wealth of these swamp creatures will likely dissipate into nothingness since their wealth alone will not outlive them. Their wealth means nothing in states that will simply confiscate it from them.

Mattis has no children, so he's not worth a single penny if you really think about it. American elites are very narrow minded and confused people. Intellectual yet idiot to be honest.

I am still hopeful though. The Chinese are a hard working people, perhaps in a strange stroke of luck/coincidence, the US and China trade places. The US becomes a marxist backwater, while China turns into a republic backed by the US constitution. It would be a strange course of events but it's within the realm of possibility if both governments keel over.

>>20261682
In many ways China is more "capitalist" than we are (lower tax rates than most western countries and far more lax intellectual property laws). I'm not sure they're as into wealth confiscation as much anymore.

>>20261682
>They may become wealthy but their actions will result in the demise of the greatest power that has ever existed.
They don't care.

>The wealth of these swamp creatures will likely dissipate into nothingness since their wealth alone will not outlive them. Their wealth means nothing in states that will simply confiscate it from them.
They aren't thinking that far ahead.

>Mattis has no children, so he's not worth a single penny if you really think about it. American elites are very narrow minded and confused people. Intellectual yet idiot to be honest.
The only things they care about are enriching themselves and proving that they aren't racist.

>The US becomes a marxist backwater, while China turns into a republic backed by the US constitution. It would be a strange course of events but it's within the realm of possibility if both governments keel over.
The US governmental structure IS the problem. The world will be a better place when the US "model" is discredited, which is happening right now. We need to view the Founders in the similar way to how a Chinese might view Mao or a Russian might view Stalin - though they were important historical figures, they imposed a deeply harmful ideology on the country.

>>20261734
Unfortunately the CCP is still overly dogmatic. Their lack of transparency around pretty much everything tells me that they're still not ready for the US ideal. Maybe once they go bankrupt on their massive debt, the restructuring could reign in a new legal system, which is long overdue.

>>20258219
what currency is that oil bought and sold in?

>>20258219
it was a proxy war

>>20261703
I've mused about this for years, actually

>>20261744
>We need to view the Founders in the similar way to how a Chinese might view Mao or a Russian might view Stalin

I don't follow this line of reasoning at all. The founding fathers should be held responsible for the demographic and economic malaise of the last 30 years?

>>20261778
Why does the US represent "an ideal" when it's been running itself into the ground since the 70s and the CPC since DengXiaoping has been making China a better place? People need to realize that the US succeeded IN SPITE OF the Founders' ideas not because of them.

>>20261813
Not only them, but yes. If one sentence can sum up The American Idea, it's:

>We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
Much follows from this. It was bad from the start.

>>20259214
You fool, it's not just being oil independent, it's limiting the influence of ANY OTHER CURRENCY compared to the US dollar. The US dollar is contingent on 2 things, the petro dollar and being a world reserve currency. Take those away and we're gonna get slapped with hyperinflation. Literally all of our wars since the '00s have revolved around maintaining our sovereignty.

>>20261744
>The US governmental structure IS the problem. The world will be a better place when the US "model" is discredited, which is happening right now. We need to view the Founders in the similar way to how a Chinese might view Mao or a Russian might view Stalin - though they were important historical figures, they imposed a deeply harmful ideology on the country.

The decentralized nature of US government and separation of powers is a trait that most governments do not have. This inefficiency is intentional, it is to help maintain the rule of law by making it difficult for any one branch to exert too much control. The system is not infallible though.

Chinese Capitalism is just a phase, the CCP intends to move towards Communism as Capitalism will reach it's peak from a Marxist perspective. I still think Communism is an inherently unstable system which creates single points of failure. Could you imagine how disruptive it would be for China if, somehow Xi accidentally takes too high of a dose of Lithium, or somehow unknowingly takes an MAOI.

Ultimately, since all these systems are inherently unstable, now would be a good time to form self-sustainable, hard to access communities. Hyperinflation/deflation will have little to no impact on crop growth.

>>20261890
>The decentralized nature of US government and separation of powers is a trait that most governments do not have.
This is a fiction lel, the US is just as centralized as any Communist shithole since the 1930s if not earlier. The country is run by intel agencies and blackmail networks.

>Chinese Capitalism is just a phase, the CCP intends to move towards Communism as Capitalism will reach it's peak from a Marxist perspective. I still think Communism is an inherently unstable system which creates single points of failure. Could you imagine how disruptive it would be for China if, somehow Xi accidentally takes too high of a dose of Lithium, or somehow unknowingly takes an MAOI.
It probably wouldn't do THAT much really. Just imagine the CPC is like the CIA but honest about ruling the country.

>>20258219

US hegemeny peaked around 1955 and the US has been in a slow decline ever since.
After WWII the US had the largest most capable military and could project its power
anywhere in the world, where as the Soviet Union was essentially confined to Eurasia.

After WWII the US replaced England, France, Spain, and Germany as the sole global power
and had the worlds largest stockpile of gold. The US and its "partners" in Europe
developed the Bretton Woods agreement where the US dollar would be partially backed
by gold -back then you had gold and paper dollars, electronic dollars did not exist then.

>>20261922
Soon after WWII the US continued its military expansion to grow and maintain its empire.
There was Korea to keep control of South Korea's mineral and labor resources, then Vietnam
to control natural and labor resources the Frech left behind. According to the Bretton Woods
agreement the US dollar supply was tied to the amount of gold the US held - about 18,000 tons.
Kennedy wanted out of Vietnam, but he ate a bullet. POTUS Johnson and his team went full retard
to spend as much money on the military industrial congressional complex as possible. The US printed
real dollars and spent those dollars buying up everything it wanted, but there was not increase in
the US gold holdings - this was highly inflationary. The US was spending lot of newely pritned dollars
in many countries - those countries were holding larger and larger piles of dollars. The US was
exprting dollar inflation. France said fuck you to the US and began exchanging its dollars for gold
- not buying gold, but exchanging dollars for gold. Other countries followed. The US gold reserves fell
to about 8,000 tons then Nixon "temporarily" stop dollar redemption for gold.

>>20261933
The US was an exporter of oil
until 1971. Since the US broke the Bretton Woods agreement by priting too mah dollars, then blocking the
dollar redemption for gold, the paper dollars became fiat currenty, backed by nothing, a finanicial crisis
was upon the US. The US struck a deal with Saudi Arabia, and other oil exporting countries (OPEC) -
the US would allow the ruling families to stay in power but they had to sell their oil in dollars, and only
dollars, and the US worked with KSA and the other OPECS to drive the price oil up to increase the size of the
new petrodollar market. The oil market has to be large enouhg to support the mega shit ton of paper dollars
already in existence, and being printed into existence every year. There was a false oil shortage in 1974,
long gas lines, the price of oil increased dramatically. All according to plan. This worked for many years
but as the US economy grew in size other markets also used the dollar for trade. So, the petrodollar really
became a trade based dollar, almost all international trade is in US dollars. This means if you are
pajeet and want to by rice from New Zeland, you need to pay in US dollars. This keeps the demand "value"
of the dollar high - give the appearance it has value.

>>20261948
The US has continually expanded its military around the globe, using the US printing press to pay for it
and exporting those dollars around the globe. The US military makes sure you take those dollars or you will die.
Sadam Hussien was pissed at the US and threatended to sell his oil in Euros, and other currencies. The US
could not let the idea that a country can shit on the US dollar. Also, the US was planning on controlling not only
middle east oil production, sales and distribution of that oil (to counter a rising China), and to ensure
friendly/cooperative OPEC nations can construct pipelines through the region to Turky and into Europe
to undermine if not block totally Russia's ability to supply Europe with gas and oil. This is thee reason for
the attck on Syria, Afghanistan, Ukraine.

>>20261827
>>20261849
>the Higher Education Act and Immigration Act of 1965 (among the most consequential legislation in modern american history) that delivered the American student into poverty and the country itself into ethnic confusion were the founding father's fault even though the country was 90%+ white since Manifest Destiny up until like 40 years ago

You're literally victim blaming at this point.

>>20261827
The US has a Republican form of government. Laws are above its elected leaders, and leaders can be sacked as soon as they cross these laws.

Contrast this to China, which is rife with corruption. CCP officials break their own laws constantly. Xi (being a dogmatic and faithful leader) tries to root out this corruption, but Xi will not live forever. Eventually China will pick a dud for a leader, and everything will more or less crumble as it will go back to its corrupt ways.

Chinese Capitalism is merely an extension to the Republican ideal. The mere existence of contracts creates the idea of credit and debt, rights and obligations. The CCP can simply break its own rules whenever it pleases, and this is inherently unstable.

The core problem of the US is "Democracy", which has been changing since the founding of this country. It is the extension of voting power to complete idiots which pretty much ruined the nation.

>>20261961
Now that most dollars are electronic, the US controls other contries by squeezing their balls by cutting them off
or threatenging to cut them off from teh SWIFT banking transaction clearing system. It is far easier to "print"
electronic dollars, which do not need to be backed by gold, just military muscle. Take the dollars are die.

The US mega military is in almost every country to spend dollars into the local economy, export its inflation,
and make sure you take those dollars. Far too complex to explain in detail, but this is a rough idea.

Think of it like this, your grandpa is the Godfather, he terrorises the world, but to you he is a kind old man, he looks
out for you, pinches your cheaks, and wishes you happy birthday.

>>20261965
If everyone has a natural right to life, liberty and property why doesn't everyone in the world have a natural right to move to the US since we're all equal and America is just an idea anyway?

Chinese prosperity owes its success to the US system, and China will fall when left to its own devices.

>>20261976
>Contrast this to China, which is rife with corruption.
So is the US
>CCP officials break their own laws constantly.
US officials just have the laws written to benefit themselves.
>Chinese Capitalism is merely an extension to the Republican ideal. The mere existence of contracts creates the idea of credit and debt, rights and obligations. The CCP can simply break its own rules whenever it pleases, and this is inherently unstable.
The US makes up new rules to break the old ones all the time. Have you ever read some of the worse SCOTUS rulings? It's obvious that they're just making things up for political reasons most of the time. The US is best viewed as a centralized Red (in the leftist sense) state, different from the PRC and USSR of course, but broadly within the leftwing tradition.


>The core problem of the US is "Democracy", which has been changing since the founding of this country. It is the extension of voting power to complete idiots which pretty much ruined the nation.
Whose idea was that?

>>20259105
The petrodallar system was an earlier version - now there are too many dollars to be absorbed by only the oil markets. Now the trade agreements ensure all trade is in US dollars - this gives the dollar perceived value. The US must run trade deficits as it must continually export dollars to other countries to ensure a supply of dollars to satisfied the demand so the value of the dollar does not increase too much.

>>20258920
Gaddafi was pushing for a gold dinar for Africa - t this would demonstrate that countries did not need the US thus undermining the dollar. The US could not stand for this and killed him and destroyed his country. Same for Sadam Hussien.

>>20261981
If that weren't a completely disingenuous strawman it probably wouldn't have taken literally 200 years for it to be subverted through the aforementioned legislation; meanwhile of all the autocracies in Europe only Hungary is legally standing up to foreign invasion while the balkans and Russia are simply too poor to make desirable destinations for economic migrants.

>>20259068
The Project For A New American Century or PNAC report written by Cheney, Wolfowitz, Rumsfeld called for a massive increase in the the US military and control of the middle east, but the PNAC report noted that without a "catalyzing event" there was not political support for such action. Then 9/11 just happened and the entire plan was put into place with full funding and no questions asked.

>>20262018
Chinese corruption goes to a completely different level, and it runs through every level in society. Regulation is pretty much ignored. The CCP
pretty much does not care about the health and wellness of its own people. The sheer amount of capital flight is telling. It uses coercion to keep capital from fleeing the country, whereas the US does not have to do a thing.

Contrast this to the US. Despite all of our flaws, there is next to 0 capital flight here. Capital moves into the US since it is a great place to live despite all of the flaws of its government. Even if our government is big now, it pales into comparison with the Chinese government, which is a wasteful bureaucracy. Their poor response to COVID-19 and their inability to warn their own people of impending disaster in the 2020 floods is evidence of their sheer incompetence. And somehow I'm to be convinced that this is a model government? The CCP is crumbling, and it only really took 60 years.

>>20262018
>Whose idea was that?

Universal suffrage was not the founder's idea, let alone "voting by mail" or letting violent felons such as murderers and rapists vote as progressives would like, now.

>>20262074
>200
The US was founded by Brits, the ruling class was already sponsoring mass immigration from Europe in the 1800s. The first wave of immigrants was brought in to fight the South. At least they were white, but still. The US already had birthright citizenship in 1898 via United States v. Wong Kim Ark. The reality is that poor countries' citizens didn't have the money or means to immigrate until recently. Now that they do we're getting inundated and the weakness of the US model is revealing itself.

>meanwhile of all the autocracies in Europe only Hungary is legally standing up to foreign invasion
Hungary still has some migrants, just not from the Middle East. All of those countries that aren't dumps are sponsoring migrations for the same reasons as we do - decrease labor costs and increase the population.

>>20259550
the only thing keeping Kim Jon Un and his family alive are those NK nukes. Kim knows the second he gives those up he is a dead man and his country will be destroyed.

>>20258856
it is backed by the full faith and credit of the united states.


creditwise it is backed by the governments ability to pay the eternal interest on the debt it takes out from the central bank. Why eternal? because if you are on an island and there is x amount of currency that you can only create by loaning. Loan x will create a debt with interest that is x+y.............where does y come from if only the bank emits currency only in the form of debt.

Solution?

Easy, you either create a -y in the form of central bank emited currency and over time (timescale depends on interest rate) you are back to even. or you find a loop hole in the "only central bank can emit currency" condition. and you are also back to even.

What does that all irl look like?

NIRP for a negative y that neutralizes positive y.

ZIRP is still smoking fiat opium though, it is for the USD not a sustainable option and causes great pain to its population. and many other nations too.

1 Trillion dollar coins would legally put the USA back to even, because by its constitution it permits the treasury to emit coins. thereby creating ex nihilo the y that debt demanded and pay it off. Here What the aftermath would look like .... I haven´t thought about it enough, would appreciate theories. The coin would most likely be kept in a museum.... heavily guarded though, since Fidel might get a hold of it....

faith wise it is backed by believe us or we force you...

In conclusion:

The US system is fine. It's a stable, 250 year old system.

Civil rights are the problem. As soon as you extend political power to illiterate morons, the entire system collapses. What else is new, was this not obvious from the get go?

>>20262120
>The CCP pretty much does not care about the health and wellness of its own people.
The USG through "unofficial" outlets memes its citizens into cutting their dicks off. Don't get me started on US dietary guidelines and how Big Ag subverted them.

>Even if our government is big now, it pales into comparison with the Chinese government, which is a wasteful bureaucracy.
The USG is probably more wasteful than the CPC when you take everything into account...

>>20262158
>Civil rights are the problem. As soon as you extend political power to illiterate morons, the entire system collapses. What else is new, was this not obvious from the get go?
Yes, but it's inevitable for something like Civil Rights to happen when you boldly proclaim that everyone is equal and endowed with various natural rights - eventually people start wondering why equality of outcome isn't happening.

China would not last 5 years if 13 percent of its population was made up of sub-75 IQ troglodytes. And no, the Uyghurs do not even come close to the average pavement ape.

>>20262175
>The USG through "unofficial" outlets memes its citizens into cutting their dicks off. Don't get me started on US dietary guidelines and how Big Ag subverted them.

This does not even compare to the sheer amount of harm caused by poor Chinese food standards (baby formula scandal). China also has a really bad homo problem, though pretty much all of east Asia does at this point, doesn't it?

>The USG is probably more wasteful than the CPC when you take everything into account...

That is true, but at least we try to keep the government small. US corporations run circles around the USG, and it makes up a majority of American power anyway.

>>20262175
>The USG through "unofficial" outlets memes its citizens into cutting their dicks off.

The "USG" hasn't been the "USG" for quite some time, if it was Trump wouldn't be public enemy number one for even projecting that he wanted to do right by the American people let alone occasionally making good on it.

>>20262198
Also this, it will be interesting watching countries like Sweden be outright forced to adopt a more laissez-faire model as the economic migrants make their current rapacious "benefits" system collapse

>>20262249

>>20262249
The EU is preventing this from happening, but cracks are definitely forming. European governments can borrow themselves into oblivion so as long as they can rely on the US for defense. Trump isn't having any of it. It's over for the EU once they're forced into having to defend themselves from Russia-Turkey (the sheer amount of government spending this would require would collapse the EU).

>>20262303
>It's over for the EU once they're forced into having to defend themselves from Russia-Turkey (the sheer amount of government spending this would require would collapse the EU).

I believe it.

>>20262185
The US has a history of repealing laws/correcting its past mistakes. In trying times, the US has completely ended immigration on a whim when it was no longer in its interests.

Perhaps some of these cultural impositions on the black community necessitates a kind of autonomous zone where they can live tribally. Who knows what's next. Maybe we will give BLM free hookers, booze, nikes and reservations where the nuclear family is not enforced on them by the "patriarchy". The US education system has been too oppressive since the standards are too high for them (yes... they fail American public education standards). Maybe we will see a "live-and-let-live" type of system after this, so as long as I don't have to interact with them.

There is a political solution to everything. The CCP always solves their problems with a butchers knife.

you play
you lose

>>20262385
Applying pressure to HSBC and DB will end this cancer. Hopefully, Poland can act as a model republic for the rest of continental Europe.

>>20261849
Yeah, but they implicitly and fairly openly meant white men who aren't bums.

What the US was and was meant to be are incomparable to what we are now, or even what we were after the civil war.

The 14th amendment, which only passed because half the states had literal puppet governments installed and kept in power by threat of force, is when shit really started to go sideways.

Following that we had the development of the major US corporate trusts, centralized banking, FDR's new deal, and Johnson's gibs all just building on eachother.

>>20258219
somethin somethin JEWS