Re: Generational Dynamics World View News
Posted: Wed Sep 08, 2021 10:50 am
Iran circumvented sanctions by doing it, as did Russia. With the demise of prudent foreign policy came the need. The petrodollar helped the US expand foreign influence but it's been undermined by both internal and external actors weakening the nation. It seems the system has run it's course, war is inevitable with this as one of the reasons, and what happens next for money is good fun to speculate about. Navigator suggested booze, cigarettes and barterable durable goods once. Making it through the hard times will require health, fitness, knowledge, a good social network and proper supplies. Maybe bury some gold and hope to dig it up in 20 years. Like the Romans did long ago.Guest wrote: Wed Sep 08, 2021 10:38 amCool Breeze wrote: Wed Sep 08, 2021 9:46 amI can see this happening. As usual, though, you overestimate the importance of the "petrodollar."DaKardii wrote: Wed Sep 08, 2021 8:26 am As Taliban Claim Victory In Panjshir, Iran Slams Pakistan Military's Role
This is a turning point. With the Taliban back in control of Afghanistan, Iran is now resetting its foreign policy concerning that region to what it was pre-9/11. This means becoming enemies with Pakistan and allies with India.
Such a reset will have enormous consequences for the existing regional alliances. Once Iran becomes an enemy of Pakistan and an ally of India, it will also become an enemy of China. This in turn will result in the Sunni Arab countries (and possibly Israel and Turkey) allying with China, while also contributing to the inevitable Sino-Russian split.
What will this mean for the US? Potentially, very big trouble. If the Sunni Arab countries (especially the Gulf Monarchies) drift into China's orbit, that would pose a serious threat to the petrodollar, and by extension the stability of the US economy. The US has demonstrated multiple times in the past that it is willing to go to war to protect the petrodollar, so any Chinese attempts to destabilize it could lead directly to a Sino-American war.
https://iranintl.com/en/world/taliban-c ... tarys-role
What will happen if the US is unable to go to war to preserve the petrodollar and oil is sold in some other currency or gold instead of dollars? The world just goes on as it is?