War in Venezuela?

They dropped the petrodollar. Speculate.

I just found out what the petrodollar was myself, as I was never really interested in financial/economic things until recently.

Here is an old article I just found too, I thought it was pretty interesting and informative https://www.caseyresearch.com/demise-petrodollar/

I hope economic collapse isn't happening, America is going to be in a world of shit if that happens, I don't imagine most people are prepared for something like that to happen

I've been thinking lately about investing in a little bit of gold and silver, maybe crypto currency. I don't know, I just woke up and got baked. Going to eat some eggs over easy and corned beef hash.

The propaganda machine is gearing up for it:

President Trump says U.S. is ready to intervene in Venezuela’s democratic collapse Tuesday, September 19
President Trump said Monday the U.S. is prepared to “take further action” to intervene in Venezuela’s democratic collapse — apparently hinting once again at a possible military campaign there.

Click to expand...

Look at that bullshit headline. Their democracy functions better than ours, not that ours sets a high bar...

abandonconflict said:

They dropped the petrodollar. Speculate.

Click to expand...

Pure speculation on my part but I'll take a stab at it.

China's currency is pegged to the US dollar, so I don't understand how it makes any difference to the US. Venezuela is doing this as a response to US embargoes that affect their ability to make transactions in US dollars. China's move to make the Yuan convertible to gold is much larger issue than Venezuela.

Trump is going to make a lot of noise but stay out if Venezuela. Not because he found a shred of competency left behind by Obama in one of the WH sofas. Rather, he won't go to war because Trump's credibility is shot with the US voters and his generals who are calling the shots know better than to go to war without reason or resolve to fight it. Also, friking mess politically and practically and way over Trump's head. All Trump has been allowed to do is negate Obama's executive orders and piss of the media. My guess.


Trump says he's worried about starving people in Venezuela. As if war has ever been good for hungry people.

Fogdog said:

Pure speculation on my part but I'll take a stab at it.

China's currency is pegged to the US dollar, so I don't understand how it makes any difference to the US.

Click to expand...

Demand for the dollar, which gives it value, is maintained by forcing nations to buy and sell petroleum in it. To reject this market control is to thumb the nose at Washington. Pegging a currency's value to another currency does not affect the demand for the latter. I will respond to the rest in the next post.

Fogdog said:

Trump is going to make a lot of noise but stay out if Venezuela. Not because he found a shred of competency left behind by Obama in one of the WH sofas. Rather, he won't go to war because Trump's credibility is shot with the US voters and his generals who are calling the shots know better than to go to war without reason or resolve to fight it. Also, friking mess politically and practically and way over Trump's head. All Trump has been allowed to do is negate Obama's executive orders and piss of the media. My guess.


Trump says he's worried about starving people in Venezuela. As if war has ever been good for hungry people.

Click to expand...

I hope you are right. I just can't stop thinking about all the other oil bearing nations we've invaded. Apparently Venezuela has the world's largest reserves. Citgo has been dealing in dollars through all of the turmoil for quite a while which is surprising.

abandonconflict said:

Demand for the dollar, which gives it value, is maintained by forcing nations to buy and sell petroleum in it. To reject this market control is to thumb the nose at Washington. Pegging a currency's value to another currency does not affect the demand for the latter. I will respond to the rest in the next post.

Click to expand...

China hasn't made the conversion yet. So far all I can find is "sources say". Also not an impressive list of sources on this either. Zero hedge and RT are excited about it. Is this real?

abandonconflict said:

They dropped the petrodollar. Speculate.

Click to expand...

Fogdog said:

China hasn't made the conversion yet. So far all I can find is "sources say". Also not an impressive list of sources on this either. Zero hedge and RT are excited about it. Is this real?

Click to expand...

Keep going, this is making me feel better about it.

The people in charge already figured out they would have to tank the modern system if we are to have any chance at not causing our own extinction in the short term.

We've waged silent wars in central and south america for a long time. Remember ollie north? It won't be public, it won't be run by the pentagon, but it will be a war. And it's probably already underway.