Comments by "Regis" (@Timbo5000) on "Fox Business" channel.

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  29. +Robert Kubrick You didn't fight oil wars for Europe, you fought oil wars to keep the EU away from Russia and its oil supplies . We in the EU need oil from outside. The most logical partner in this is Russia. They're the closest to us and a fellow European nation. The problem is... an alliance between the EU and Russia/China means the end of the US as a superpower. Why? Because your economy runs on the petrodollar. You need the world to be dependent on the dollar as reserve currency, therefore you need large parts of the world to trade in dollars. China doesn't trade in dollars, Russia doesn't trade oil in dollars either. If the EU were to join them and switch to euro or something else to trade in dollars, the petrodollar is dead and dollar reserves might be sold en masse. For the dollar, this means hyperinflation and for the US economy, this means death. You need to keep the EU away from Russia and China if you want ot survive. And you need to wage oil wars when oil countries want to stop selling oil for dollars only (Saddam Hussein was switching to the euro - invaded. Libya wanted to switch to gold-backed oil trade - bombed and leader killed. Iran has switched to the euro for oil trade - hostilities but not yet any violence. Coincidence that all of these had just dropped the petrodollar before being attacked? Nah). The petrodollar is what is keeping the US economy alive, so you do everything you can to prevent its demise. This means two things: the EU must not ally itself with Russia or China and any big oil producer must only trade oil in dollars or die. If one of these two objectives fails, the US can get ready to print 1 trillion dollar notes in the style of Zimbabwan dollars.
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