That's because it would mean the end of the dollar as the world's reserve currency.
How? You can put your head in the sand, but other countries in the region can't afford to. When ( not if ) Iran gets the bomb and the necessary equipment to weaponize it, which they will thanks to this agreement, the Saudis will take note and get the bomb (and delivery systems) too. The Saudis will demand it from us, and if they can't get it from us, they will turn to others. The Saudis will question our will to defend them, and so they will stop using the dollar as a peg for the price for their oil. This is what's been supporting the dollar since Nixon closed the gold window in the early seventies. No more petro dollar, no more world reserve currency.
Without the ability to print up dollars at will, and borrow out the wazoo, the US government will have to live within its means. That means a lot of liberal programs will no longer be affordable to Uncle Sam. They will be cut back or eliminated.
No!!!!!!!
Yes!!!!!
You should oppose this because America's credibility is at stake. If America loses this, you lose too.
No more freebies. Too bad, so sad.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
No comments:
Post a Comment