Comments by "Animal Farm" (@animalfarm7467) on "May Jobs Report Takes June Rate Hike Off The Table" video.

  1. Peter, I know the U. S. has a printing press but it has something much more influential to prop up the U. S. dollar – the petrodollar.  If the U. S. can control the value of the dollar by ensuring it is the universal currency in which oil is traded, there will always be a demand for the dollar. This demand and the need for foreign countries to hold dollars as reserve will ensure dollar stability. Maybe you should start talking about the real risks to the U. S. dollar. Discuss how the Saudi role in 911 has muddied the waters of the Saudi-petrodollar relationship and why the Saudis are selling some interest in their petroleum assets. There are also real threats to the U. S. dollar. The alternate monetary system that is being created by the BRICS nations could present a real threat to the dollar in the long term. There are concerns that the current infiltration by U. S. government agencies on the leaders of the remaining BRICS countries will not result in the desired coups to destabilize the alternate monetary system that is being formed. Forget about the idiocy of printing money; if the coups on the BRICS should fail the alternate to the World Bank and the IMF could pose a real threat to the U. S. dollar. You can spend as much as you like on the U. S. military but unless you are willing to risk blatant aggression, there is little that you can do to support the dollar in the eyes of the world. I believe we all would to like to know more of what is actually propping up the U. S. dollar and how fragile the scaffolding is.
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