Possible North Korea coup or Civil War going on?

[blackzeus]

Nah the Iraq situation turned out to be an L because look at Iraq now... It's ISIS ville...

Also that Euro's oil thing is completely inconsequential.

I think definitely in retrospect Saddam was by far the lesser of two evils, but I'd think they'd rather have a hundred ISIS groups than have oil be sold in Euros. That would have been the beginning of the end of Manifest Destiny

 

[Futuristic Eskimo]

Off the top of my head they won with Iraq because if Saddam had stayed in power we'd be buying oil in euros, which would have turned the US into Russia post Communism overnight

You must live in an alternate reality where the world's confidence in the euro is, and has been, at all time highs and Iraq is the dominant supplier of crude.

Awful analysis.

 

[blackzeus]

You must live in an alternate reality where the world's confidence in the euro is, and has been, at all time highs and Iraq is the dominant supplier of crude.

Awful analysis.

There has to be some intrinisic value for a currency to be a worldwide currency breh. The US dollar has been off the gold standard since the 70s, perhaps even earlier than that, and the dollar is basically fiat status right now with the trillions in debt that we have. The only other way for a currency to be a worldwide currency is the "gun". And what is that "gun"? It's petrodollars. Every f*ckin' barrel of oil has to be bought and sold in dollars. OPEC's leader at the time, was trying to usurp the US, the same way China is doing with the Africa play. He figured if OPEC could wean itself off the dollar, they could then dictate how things are run, because they controlled most of the world's production of petroleum. If Iraq starts selling oil in euros, then follows Iran, then Syria, then Libya, and then all these London, NY, and HK traders follow suit and dump the dollar for the euro, because traders make money in volatility, meaning price goes up and down all the time. If nobody needs the dollar, why trade in the dollar? And boom, the dollar becomes the ruble in a very short time. That's about as simple as I can make it. Saddam had to go for the petrodollars to keep flowing. They just assumed since they put Saddam, that they could put any patsy in there and things would continuing normally, that's where they f*cked up, trying to install a democracy in a place that has never known democracy.

 

[Futuristic Eskimo]

There has to be some intrinisic value for a currency to be a worldwide currency breh. The US dollar has been off the gold standard since the 70s, perhaps even earlier than that, and the dollar is basically fiat status right now with the trillions in debt that we have. The only other way for a currency to be a worldwide currency is the "gun". And what is that "gun"? It's petrodollars. Every f*ckin' barrel of oil has to be bought and sold in dollars. OPEC's leader at the time, was trying to usurp the US, the same way China is doing with the Africa play. He figured if OPEC could wean itself off the dollar, they could then dictate how things are run, because they controlled most of the world's production of petroleum. If Iraq starts selling oil in euros, then follows Iran, then Syria, then Libya, and then all these London, NY, and HK traders follow suit and dump the dollar for the euro, because traders make money in volatility, meaning price goes up and down all the time. If nobody needs the dollar, why trade in the dollar? And boom, the dollar becomes the ruble in a very short time. That's about as simple as I can make it. Saddam had to go for the petrodollars to keep flowing. They just assumed since they put Saddam, that they could put any patsy in there and things would continuing normally, that's where they f*cked up, trying to install a democracy in a place that has never known democracy.

This entire post is total garbage. All currency values, including the euro's, are based on market dynamics. No one is on the gold standard anymore. Either make a logical case that European assets are safer and will yield higher returns for countries that are currently holding USD to trade for crude or stop pretending you know what you're talking about. There is no rule stating countries have to use the dollar in order to trade. They do it willingly because it minimizes their risk.

If you're conviction that the dollar is going to collapse is so strong, put your money where your mouth is and short it. You can make a ton of money if you're right, but Id be willing to bet that, deep down inside, you know you're out of your element here.

Id also like for you to explain, in thorough detail, how a change in what currency a specific commodity is traded in would affect the volatility of it's underlying value?

Edit: totally wrong thread for this. my apologies. this silliness will not continue on my end

 

[88m3]

@blackzeus did you come up with these theories yourself?

 

[☑︎#VoteDemocrat]

I think definitely in retrospect Saddam was by far the lesser of two evils, but I'd think they'd rather have a hundred ISIS groups than have oil be sold in Euros. That would have been the beginning of the end of Manifest Destiny

ya'll forget saddam was a MASSIVE pain in the ass, right?

Lets not fail to forget this

 

[☑︎#VoteDemocrat]

Nah I didn't say it was impossible, only that it was unlikely due to your last sentence. North Korea is essentially a Chinese satellite state and South Korea is damn near an American one.

i'm saying.

North Korea just aint gonna be cool with the understanding that South Korea is basically America-light

 

[blackzeus]

This entire post is total garbage. All currency values, including the euro's, are based on market dynamics. No one is on the gold standard anymore. Either make a logical case that European assets are safer and will yield higher returns for countries that are currently holding USD to trade for crude or stop pretending you know what you're talking about. There is no rule stating countries have to use the dollar in order to trade. They do it willingly because it minimizes their risk.

So what are the "market dynamics" breh?

http://en.wikipedia.org/wiki/Petrodollar

In 1971 Richard Nixon was forced to close the gold window taking the U.S. off the gold standard and setting into motion a massive devaluation of the U.S. dollar.[citation needed] In an effort to prop up the value of the dollar Nixon negotiated a deal with Saudi Arabia that in exchange for arms and protection they would denominate all future oil sales in U.S. dollars. Subsequently, the other OPEC countries agreed to similar deals thus ensuring a global demand for U.S. dollars and allowing the U.S. to export some of its inflation.[2] Since these dollars did not circulate within the country they were not part of the normal money supply, economists felt another term was necessary to describe the dollars received by petroleum exporting countries (OPEC) in exchange for oil, so the term petrodollar was coined by Georgetown University economics professor, Ibrahim Oweiss.

Because the United States was the largest producer and consumer of oil in the world, the world oil market had been priced in United States dollars since the end of World War II.[3] International oil prices were based on discounts or premiums relative to that for oil in the Gulf of Mexico.[4] But, although oil sales prior to 1973 were denominated in U.S. dollars nothing precluded settlement in local currency.

All oil must be sold in dollars in exchange for protection of the proverbial "gun" I mentioned in my last post. Right there it states that Nixon recognized taking the dollar off the gold standard would lead to it being fiat currency, so he strongarmed the Saudis and OPEC into virtually backing the dollar with oil. Anybody in the world buying petroleum products from OPEC had to change their currency to dollars in order to buy. Anybody wanting to buy and sell oil on an international basis had to chance their currency to dollars. That massive demand is what props the dollar up breh. You sound like one of those technical pattern traders who can't read between the lines. You really think George Soros made his money using resistance bands? All that massive demand creates volatility and spreads because you can make money with what Nigeria will trade for dollars vs what say Japan will trade for dollars. And this is trillions of dollars being moved around every day. If the OPEC reserve currency were change to Euros or yen the dollar would easily drop 30% overnight.

If you're conviction that the dollar is going to collapse is so strong, put your money where your mouth is and short it. You can make a ton of money if you're right, but Id be willing to bet that, deep down inside, you know you're out of your element here.

I'm not gonna use any ad hominems, so I will just say you CLEARLY didn't read my post. I already said that the US kept sh*t on lock by taking out Saddam, who was a threat to the almighty petrodollar. I ain't betting against the guy with the "gun" breh

Id also like for you to explain, in thorough detail, how a change in what currency a specific commodity is traded in would affect the volatility of it's underlying value?

It's not hard breh. If tomorrow the US government says all consumer goods must be bought and sold with waffle cones, guess what, a lot of people are gonna start looking for waffle cones. Why because even if they might have billions of dollars in real estate and commodities, they can't buy or sell without the waffle cones. So now what happens? A MARKET is created for waffle cones. Everybody is buying and selling waffle cones to get their deals done. Maybe today I need extra gas to Vegas, so I'm willing to pay more than everybody else for waffle cones. Maybe tomorrow you need to buy a self education kit on fundamental trading analysis, so you're willing to pay more for waffle cones than anyone else that day. Now times that by 300 million Americans, and you have one heck of a waffle cone market. Now if later on in the week the US government says now all consumer goods must be bought and sold with dollars, what do you think will happen to the value of the waffle cone and its respective market?

 

[Futuristic Eskimo]

So what are the "market dynamics" breh?

You didn't answer why the entire world would want to trade in euros rather than the dollar(hint: you've been unable to make a case for a viable alternative to USD as reserve currency), your waffle analogy did not address my question whatsoever(hint: my question had nothing to do with fluctuations in FX market) and you're derailing the thread.

Negged for being incompetent.

 

[blackzeus]

You didn't answer why the entire world would want to trade in euros rather than the dollar(hint: you've been unable to make a case for a viable alternative to USD as reserve currency), your waffle analogy did not address my question whatsoever(hint: my question had nothing to do with fluctuations in FX market) and you're derailing the thread.

Negged for being incompetent.

 

[ORDER_66]

Kim Jong il possibly dead???

Korea to Reunify????

 

[newarkhiphop]

Capital is on lock down, no one in or out, even elites

http://www.drudge.com/news/182394/pyongyang-lockdown-amid-rumors-coup

 

[superunknown23]

I wonder what Special Agent Rodman thinks of this...

 

[newarkhiphop]

I wonder what Special Agent Rodman thinks of this...

imagine he goes out there now to "smooth" things out only to get locked up by the new ppl in charge

 

[superunknown23]

imagine he goes out there now to "smooth" things out only to get locked up by the new ppl in charge

Maybe he was part of the whole scheme all along