Still ducking the issue Debanjan?

Submitted by Shishir (United States), Jul 31, 2013 at 04:43

"s for the oil and dollar , once this proves your utter ignorance of the working of the world economy.If the GCC switched to the Euro ,it doesnt mean that the U.S will stop recieving oil. It will only mean they would have to pay a tad more."

My Answer : The basic thing about economy is related with surpluses and deficits. The US thanks to her wars and other profligacies sits atop mountains of debts and thanks to globalization has a crumbling industrial base.

I noticed that you avoided mine and DNMS point about you being worse than a dhimmi! Whats the matter dear, truth is too bitter a pill to swallow.I have no difficulty imagining you would offer your daughter to a visiting Saudi sheikh as token of your maskeen mawalitude as in the custom among Hyderabadi Muslims!

Im amazed you hint at "profligacies" when its this type of mindless government spending on useless welfare,stimulus,social security ponzi schemes,union give aways(all of which dwarf foreign defense spending).Indeed its the type of economy you prefer.And its imploding No wonder you wish to brush it under the rug

Now the only thing that keeps the US going is the dollar. Since dollar is the currency of the World , the countries with surplus dollars like Chna or the gulf Arabs invest it inside US government bonds or US arms.

That helps the US government to protect it's superpower status at the time of rising deficits.

Now if the Gulf Arabs stop selling their oil in dollars or China stops investing it's surplus dollars into US government bonds then how would the US be able to survive ?

How would it be able to maintain it's military bases around the World ?

How would it protect it's borders ?

And you talk about fracking ?? If the King Dollar is not there , even if the US have the technology it would not have the wealth to make it in a viable marketable product. China would get the technology cheap as it has been doing to the US solar panel industry of late.

So the US needs the King Dollar more than any one else.

Now please give me your counterpoint.

My counterpoint is that you once again conveniently side stepped and deleted any argument that makes you look ignorant and foolish and go off on a bizarre rant about something tangential- in this case the dollar.

Once again you are thoroughly ignorant of U.S domestic debates about spending. Most right leaning politicians want to reign in spending and return to a gold standard which may curb runaway inflation.It is your beloved Left that pursues policies that harm the dollar

Your point about fracking and dollar is incredibly obtuse.Of course there will be inflation if the dollar is replaced and it will make life more difficult.What is your point?And that may be a good thing in the long run as it would force fiscal discipline on the U.S

And also BTW Germany and Japan hold more U.S debt than China

Furthermore if Saudi and other Gulf States switch from the dollar, they can kiss US protection good bye.I know you hate it but that is how it works.

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