2 votes

The Bankers dependence on the PETRODOLLAR, and why the US will NOT become energy self sufficient.

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

my intro to the internet was online conversations regarding...


Flash forward to 2013.

Defeat the panda-industrial complex

I am dusk icon. anagram me.

Guy's a total moron

who acts like he just figured out the petro-dollar system and wants to spread it everywhere. I get so tired of people who can't see any other futures other than 'the continuing of what has been' leading to 'it's gonna be really bad because of this'.

There are lots of ways to end the petro-dollar. Whether it's renewables reaching the tipping point in time or it's a revolution or even if bitcoin supplants the big banks, it doesn't matter. However, the main point is the petro-dollar doesn't even have anything to do with US energy self sufficiency. That is nothing but a result of whether we use more energy than we can create at home or not.

Don't you think calling Greg a Moron is a little harsh?

He is giving an analysis of what IS happening, why it's happening, and how he is navigating it.

He is not advocating financial policy as you suggest. He is merely pointing out that we are not operating under a free market system, which incidentally is required for your suggestions to work.

Another thing you are leaving out in your comment is WAR. Our current financial system depends on war.

As for your main point, " However, the main point is the petro-dollar doesn't even have anything to do with US energy self sufficiency."

It certainly does when the leadership (BANKS) are in power.

A little harsh, sure. Maybe I was.

But he's the one that spent literally minutes telling us repeatedly that we will never be self sufficient on energy.

As for the petrodollar deciding how close we get, I'm sorry but that's how politicians think. That's not real world. In the real world, if the stuff doesn't exist, you can't make a policy to create it. If we stay the course on fossil fuels (which he falsely assumes will always be the case) then it doesn't matter what happens to the free market, the fiat monetary system or the geopolitical wars, we will be forever importing increasing amounts. The numbers just aren't there to support anything else. However, running the numbers, one inevitably comes to this conclusion and begins a genuine investigation of renewables where the exact opposite is a given. And lastly, no, a free market isn't required for them to work. It just makes them take hold much faster.

Once again tam

He's pointing out where we are. It's an educational thing.

And frankly, I don't understand your attitude of thinking. Most people don't understand what the Petro Dollar really is or how it came about. They don't understand that WARS spend a lot more money to control oil than they do to keep the price down.

Perhaps you understand this, but instead of being critical and calling names, why not help in the edumucation of us all?

Thanks for the reply.

I do understand what you're saying

I completely agree that we need a more educated populace on the subject. That's a given.

However, this is not what he's doing. He has not correlated the US not being self sufficient ever again to the existence of the petro-dollar. He makes the claim numerous times that the former is the cause of the latter but it is just not so and saying so greatly mistakes the overall picture.

Self sufficiency is not affected by policy in any way more than the smallest, after-the-fact manner. Self sufficiency will occur if we have more production capacity than we use and will not occur if we don't. This is the only primary factor in the equation.

The existence of the petro-dollar system allows shortfalls in the US and abroad to be utilized to manipulate geo-politics. It also indirectly but actively, causes wars, resource grabs, foreign aid power grabs and massive inequality. One could even say it has kept the fiat banking system alive and as a result, has kept the faked economy in charge. But you can't say it's the cause of us never being energy independent again.

The reason I stand so firm on this issue is because I've come to the conclusion that the only way to take down the banks' power over us is to bankrupt them. And the only way to do that is to become locally self sufficient in enough things so we're prosperous enough that we don't need their debt. And the single biggest jump in that direction is for enough homes to become energy producers as opposed to energy users. When this movement displaces around 8% of the energy we import (in my humble calculations), OPEC loses control, the banks lose their reserves, the banks start to fold, more money stays local and the entire loop becomes self perpetuating. So, while OPEC and the petro-dollar are playing global games in trying to control entire continents, their enablers (the big banks) will be going under and the people will exponentially grow their relative prosperity.