oil money
Loading...
Uploader Comments (lorax2013)
Top Comments
-
Actually, Lorax is offering objective, fairly balanced criticism...like most, you're just too wrapped up in the flag to hear it.
4 years ago 7
-
How you can claim the USA does not behave this way? Loren gave plenty of examples. More recently:
-American sponsored efforts to topple Chavez in Venezuela
-Afghanistan refused a US pipeline, they got invaded.
-Iraq began selling it's oil in Euros, they got invaded.
-Iran opened its own oil bourse trading primarily in Euros and it's national currenncy. The United States has been rattling its sabres since.
Countries that do not have strategic resources are virtually ignored.
3 years ago 5
Video Responses
All Comments (43)
-
If the US stopped backing the Saudi dictatorship it would fall the very next day.
-
@longhairsRcool Note: I agree we steal and are spoiled
-
nice video. Unfortunately oil poitics is true and the average american does not realise this. How would they? the government gets them all emotional on patriotic propoganda. It would be very silly to assume that the U.S gov. would spend billions in fighting wars for, or against countries that are either oil rich or that threaten their oil interests just for freedom sake.
-
@scbysnx Bullshit. The dollar is the value of currency because of back room dealings with Kissinger and Saudi Arabia back in the 70's.
The deal was made that we let them keep their independence, the House of Saudi gets rich but in return, they have to 1) sell oil in dollars and 2) buy a portion of our debt with their profits.
OPEC is controlled by the Saudis and the Saudis are controlled by the US. You are a fool.
-
Uh Oh, we are in deep doo doo
-
The United States doesn't control OPEC. The reason for the petro dollar is the overall cost of converting and as you said the belief in the dollar as a strong currency despite the fact that its floundering. I understand that this Video was made two years ago but there are obviously people very confused about the petro dollar taking what you said and running with it in some pretty crazy directions and even two years ago it wasn't the US controlling oil it was OPEC
-
Technological innovations which changed the world.Its because of America that you are posting in youtube.
-
Lorax!!!.I respect you so much.Your videos are so interesting and honest.You seem to have researched a lot my friend, and i admired that.
Keep posting man, i WANT mooore info..
- 7:39
Autism & Alzheimer'sby lorax201310,398 views
- 9:09
The Real Story of Moneyby lorax201334,545 views
- 7:06
Inflation and retirementby lorax20134,641 views
- 8:48
Another money videoby lorax20137,522 views
- 7:00
How to become rich immediatelyby lorax2013420,322 views
- 9:29
The Coming Economic Collapse?by lorax201353,339 views
- 6:32
peak oilby lorax20133,658 views
- 7:24
Peak Oil Emergency is NOW?!by lorax20136,163 views
- 4:04
How I Found Freedomby lorax201328,728 views
- 4:53
Buy & Sell Oil for a Living Onlineby wealthvault2,195 views
- 2:42
Iran not using US Dollars for Oil (Bad for US Economy)by bootme216,473 views
- 8:06
how to succeed investingby lorax201351,671 views
- 5:03
Manifesting - The Secretby lorax201321,066 views
- 2:22
CNN: Where the oil money goesby fotograforebelde2,258 views
- 8:45
Precious Metals Investingby lorax201337,454 views
- 9:51
How to find the truthby lorax201313,296 views
- 10:45
consciousness, science, suffering, & dualityby lorax201311,534 views
- 9:06
Higher consciousnessby lorax201319,075 views
- 9:30
Inflation, deflation, subprime mortgage crisis, & banksby lorax201315,773 views
Loren,
I find this idea to be antiquated. Currency markets are so liquid nowadays that an oil transaction in US dollars is merely a formality. The only way I can see US dollars being propped up by oil is if there is significant float from the transactions. The evidence does not support this idea any longer. The dollar should be strongest when oil is high and weaken when it drops. That is clearly not happening.
Or is it? Any explanations?
earthpet 3 years ago
Great point - I originally had trouble accepting this theory for the exact reason you mention. Then I considered, what if I was allowed to print my own scraps of paper and call it "money"? My "money" would only have value to the extent that I produced stuff to sell. But if I could force even one country to sell oil only in my "money" suddenly it would have great value. All that oil production suddenly counts as my own production.
lorax2013 3 years ago
This comment has received too many negative votes show
What are you smoking? If your some kind of economics genius the world is dumber for it. Do you know anyone from Iran? or China? What fucken school did you attend? Your teachers must be appalled.
NSV102A 4 years ago
It's not easy to face facts like this is it? Much more pleasant to think we are the good people spreading democracy around the world and helping everyone. You can research the petrodollar issue yourself if you want to learn more. I'm just bringing up the issue here so people can reconsider the ethics of our society's conspicuous consumption.
lorax2013 4 years ago