Iraq's WMDs went to Syria. - Page 4

No, you didn't debunk it; what you did was entirely miss the point.

You are a business that is trading at a huge loss and spending money you do not have (c/f Argentina). Your currency is massively overvalued, and the dollar is only a reserve currency (when it's actually structurally unsound) because people need dollars to operate their economies ...

... not the other way around.

The state of an economy has absolutely no bearing on its currency's suitability to trade in oil. What you wrote makes absolutely no sense whatsoever. It's syllogistic; nonsense.

If you needed to have Cuban pesos to buy oil, what do you think would happen to the Cuban peso?

Actually, it's hilarious. Oil can't be traded in euros because Europe can't engage in trade deficits. If oil were traded in euros Europe could have deficits as big as it wanted.

You teach people. My God.

You sound like someone ... stupid.

I didn't mention the US government. You did.

I said America feeds American citizens. American businesses, American workers, the American infrastructure of roads, rail, cars, banks; all this makes up America.

America feeds American citizens.

And if you can't buy oil, or all your transport companies go bust, or all the shops go out of business, if there was a major economic collapse based on a fundamental revaluation of the dollar, America would not be able to feed its citizens.

Your analogy shows your complete and total lack of understanding on this matter. It is so profound that it is a little scary. Worse still you insult others because of your lack of understanding.

You business apparently generates absolutely no profit and instead just racks up debt while doing no business.

A trade deficit simply means we do more business with them, than they do with us. There is nothing wrong with that if you do more business than you need.(growth) A large business can easily turn a profit while having a certain division turn a loss.

No one would claim for an instant that the business is going belly up because of the loss of one division while turning a net profit.

People like yourself believe money and wealth to be a finite thing which is why people like you are so often obsessed with redistributing it. Money is not backed by anything worldwide it is simply an agreed upon means of work unit of value unit. There are some aspects of money that are determined by a sort of network effect, but as we discussed before, to kill that effect, you have to kill the network which means destroying the value of everyone attached to that network. As a result, you often have to have a seperate network of exactly equal value and some profoundly good reason to cause everyone a big disruption.

We had this discussion and we noted that Saudi Arabia could ding the U.S. if they wanted to turn all their own financial reserves into worthless paper and turn their country into the Philippines.

You mock trade deficits, but the reality is that the deficits, which generate excess dollars, are then reinvested back into Western (mostly U.S.) investements. They have traded oil for paper. To get the value from that paper, they have to trade it to others, or they have to reinvestment it back where it came from.

Nick

Sure . . . and hey... do you want to make some real cash through investments?!?!

I got some great property deals for ya . . . just let me know, I can hook ya up.

Someone got his widdle thread locked, so he's reposting the same link in 3 different threads. Such a clever way of thumbing his nose at Anders for locking the thread!

At least this time around he isn't calling it proof that terrorists are providing aid to Kerry.

Logic Police - Stop That Train..........

If the 'terrorists' are enemies of Bush to the exclusion of being enemies of America then it makes sense to kick his ass to the kerb. Hint: if that's the case you'll have a safe country and live in peace.

If, oth, the 'terrorist's' enemy is America regardless (you really should seek help for this Bush fixation btw - it's not healthy) of President then your post is a crock of BS.

I wonder which it could be ?

A vote for John Kerry is a vote for Bin Laden.

Lets bomb Russia!

Maybe that should tell you something about the point you're trying to make.