Firat, you have it backwards. Military might comes from the US dollar being the world reserve currency. Being the world reserve currency is why the US can outspend other nations on its military.Cool Breeze wrote: ↑Thu Sep 23, 2021 4:36 pmFirst answer why his response is compelling. I don't find it compelling at all. There are many more reasons (petro is just 1) why the USD is the world reserve, military might is one of them. 7% of GDP? LOL, notice how he doesn't really answer anything, he just cites his idea and makes a claim that can be supported by many more important ideas that are similar points, but much larger, louder and stronger. I have already done this. Of course, when the USD loses its foothold, it will lose his precious (miniscule) petrodollar dominance point as well, which is again just one of many indicators that we lost the world reserve - NOT the main one. So don't fall for any I told you so stuff. Critical thinking is key for all of us so we can see, and predict, what will happen in others' viewpoints, as I have shown here. And it will be confirmed in the future unless he relents and repents.Guest wrote: ↑Wed Sep 22, 2021 10:12 pmI've been researching your answer from earlier this month. DaKardii responded to this on another thread. I find his response compelling. Did you respond to his response? If you did, I don't find it.Cool Breeze wrote: ↑Fri Sep 10, 2021 6:08 pm
Yes, because as I've told DaK before, it's only 7% of world GDP. The secondary considerations from it that may be associated (general siphoning of power from the USA) may present the basis for greater problems, but the petrodollar in itself is essentially a non issue.
DaKardii wrote: ↑Sat Mar 20, 2021 9:58 pm
The fact that the oil industry is only 7% of the world's GDP is irrelevant. The petrodollar scheme is still what backs the dollar. It is THE scheme that ensures that the dollar is still the world's reserve currency; this status in turn drastically reduces the inflationary effects of monetary printing by approximately 75%. That's a hard fact that's been covered up for decades.
Your response is not any more compelling than his - in fact, less so. Let me demonstrate by breaking your response up piece by piece.
"LOL, notice how he doesn't really answer anything"
Neither do you.
"he just cites his idea and makes a claim that can be supported by many more important ideas that are similar points, but much larger, louder and stronger."
And what you are doing is somehow different from what you claim DaKardii is doing? Where's the meat of your argument? I find none.
"I have already done this."
I spent 2 weeks looking and you haven't. At least, I can't find anything.
"Of course, when the USD loses its foothold, it will lose his precious (miniscule) petrodollar dominance point as well, which is again just one of many indicators that we lost the world reserve - NOT the main one."
OK, so the main ones are what? You haven't said.
"So don't fall for any I told you so stuff."
I haven't fallen for any I told you so stuff from you. Dakardii won't be playing that game, but you will if you can. At the very least, you will try even when the facts don't support it.
"Critical thinking is key for all of us so we can see, and predict, what will happen in others' viewpoints, as I have shown here."
And I'm still not falling for it. You have shown nothing.
"And it will be confirmed in the future unless he relents and repents."
I think it may be beneficial for you to consider getting some help.