Petrodollars and wars

Update 2:39 PM 9/19/2008 Foreign Affairs: Russia has disclosed that it will sell military hardware to Tehran that will protect Iran's nuclear facilities. The time left to halt the Iranian nuclear threat has thus grown that much shorter.

Russia's state arms dealer also said Thursday that it will sell anti-aircraft systems, armored personnel carriers and fighter jets to Venezuela. That in itself is worrisome.

Experts wary of dearer oil's effect on output
Reuters
Published: September 19, 2008, 23:42
But Saudi Arabia, Opec's largest member, has exceeded its output quota over the summer to prevent further harm to its rich-world customers, already reeling from the credit crunch.





Frankly, I don't know squat about Ron Paul, & I didn't learn much watching these.

I would like to know why a lot Americans don't know the basics about oil and petrodollars.

Hat tip to Grumpy Old Man

Ron Paul: The PetroDollar - Part 1/4

Ron Paul: The PetroDollar - Part 2/4

Ron Paul: The PetroDollar - Part 3/4

Three years after the recycling began we were acclimated to truth in fiction and fiction in truth.

Ron Paul: The PetroDollar - Part 4/4

Iranian Oil Bourse

Estimated reserves in order

Yeah, all that blather about Iran being a threat?

It's not about noo-kyu-ler ambitions, it's about economic devastation.

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
I believe we got here through a combination of short term goals by business interests and politicians. When you only look towards next quarter's earnings and the next election, the American people get lost in the shuffle.