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-   -   Economics Blowback Begins (https://www.chiefsplanet.com/BB/showthread.php?t=315401)

BucEyedPea 05-17-2018 08:07 AM

Blowback Begins
 
I said this a month or so ago—and now it's happening.

Those we have been directing non-stop belligerence towards using economic warfare via sanctions, have been seeking to sink the petro dollar, to get around sanctions—including Russia. Now Europe is going to do it.


EU To Ditch Dollar In Payments For Iranian Oil.



European Leaders Revolt Against US Sanctions In Bid To Preserve Iran Deal


Remember what Bastiat said, where goods won't pass, armies will.

BucEyedPea 05-17-2018 08:11 AM

Pat, please spare me the nonsense that blowback isn't valid—it's a term widely recognized by our CIA and they may have even coined it.

LiveSteam 05-17-2018 08:22 AM

They coined Mockingbird and Paperclip :D

BucEyedPea 05-17-2018 08:26 AM

However, the Euro is also in demise per this:

https://www.armstrongeconomics.com/m...is-inevitable/

Lex Luthor 05-17-2018 09:00 AM

Quote:

Originally Posted by BucEyedPea (Post 13559398)
Blowback Begins

At first I thought this was a Trump-Putin thread.

Then I realized it's really a Trump-China thread. #MCGA

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!</p>&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/995680316458262533?ref_src=twsrc%5Etfw">May 13, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

SuperBowl4 06-13-2018 11:11 AM

IRAN ditched the US dollar after TRUMP said no more Iranian immigration to the US last year. Do you hear about this H.J.Res.10 - Authorization of use of force against IRAN resolution - that was passed last year?

BucEyedPea 06-13-2018 11:16 AM

Quote:

Originally Posted by SuperBowl4 (Post 13591452)
IRAN ditched the US dollar after TRUMP said no more Iranian immigration to the US last year. Do you hear about this H.J.Res.10 - Authorization of use of force against IRAN resolution - that was passed last year?

No I didn't hear about that resolution. I did hear about the Forever War Resolution that's about to be passed tho'.

banecat 06-13-2018 11:26 AM

How will this affect the Reserve Currency percentage of the Dollar? Last year it was just under 63%. It's fallen roughly 1% over the past decade. Will this speed up that process? How far can it fall before it does serious damage to the economy here?

Donger 06-13-2018 11:27 AM

Blowjobs!

Trolly McTrollson 06-13-2018 11:30 AM

Quote:

Originally Posted by BucEyedPea (Post 13559401)
Pat, please spare me the nonsense that blowback isn't valid—it's a term widely recognized by our CIA and they may have even coined it.

The trade war shenanigans aren’t exactly a covert ops, seems weird to borrow the lingo.

SuperBowl4 06-13-2018 12:07 PM

Quote:

Originally Posted by Donger (Post 13591477)
Blowjobs!

But for how many will the result be a happy ending?

Randallflagg 06-13-2018 12:11 PM

Quote:

Originally Posted by Donger (Post 13591477)
Blowjobs!



ROFL :thumb:

BucEyedPea 06-13-2018 12:19 PM

Quote:

Originally Posted by Trolly McTrollson (Post 13591482)
The trade war shenanigans aren’t exactly a covert ops, seems weird to borrow the lingo.

Where did I say trade war shenanigans were a "covert op?"

You put the term "covert-op" in there yourself to create a strawman which shows you don't even know what the word blowback means.

Just because the CIA coined the word, which is in reference to an unintended reaction or consequence to a policy, doesn't mean it refers only to covert-ops. There can be blowback to any govt policy or operation.
Definition of blowback
: an unforeseen and unwanted effect, result, or set of repercussions
https://www.merriam-webster.com/dictionary/blowback
You have to be blind to not see that Russia, China and Iran are being pushed toward working things out on their own on trade in response to the economic warfare we've been waging. It could be damaging to us unless something else happens. China has been building relationships including in Africa and their One Belt One Road initiative across Asia where there are traders all along that route. They're not going around the globe blocking trade through sanctions.

SuperBowl4 06-13-2018 12:20 PM

Quote:

Originally Posted by banecat (Post 13591475)
How will this affect the Reserve Currency percentage of the Dollar? Last year it was just under 63%. It's fallen roughly 1% over the past decade. Will this speed up that process? How far can it fall before it does serious damage to the economy here?

CHINA is the largest oil consumer in the world and buys most of it's oil from IRAN. The US dollar success is based on the petro dollar. It means everything. Check out - CHINA PETRO-YUAN "thundering into action" as IRAN ditches US Dollar in OIL trade. Also - IRAN Oil sanctions could advance the CHINA "petro-yuan"

Donger 06-13-2018 12:46 PM

Quote:

Originally Posted by SuperBowl4 (Post 13591536)
But for how many will the result be a happy ending?

I'd be a happy Donger.


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