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Comment we already have an "oil standard". petrodollar (Score 1) 601

we already have an "oil standard". it is called the US petrodollar.
this is a good read:
The End of Dollar Hegemony


Realizing the world was embarking on something new and mind-boggling, elite money managers, with especially strong support from U.S. authorities, struck an agreement with OPEC to price oil in U.S. dollars exclusively for all worldwide transactions. This gave the dollar a special place among world currencies and in essence “backed” the dollar with oil. In return, the U.S. promised to protect the various oil-rich kingdoms in the Persian Gulf against threat of invasion or domestic coup. This arrangement helped ignite the radical Islamic movement among those who resented our influence in the region. The arrangement gave the dollar artificial strength, with tremendous financial benefits for the United States. It allowed us to export our monetary inflation by buying oil and other goods at a great discount as dollar influence flourished.

Comment Re:Politics making technology useless (Score 1) 176

i actually prefer his solutions to those issues.
There should be no "gay rights". You have individual rights, they should be the same for everybody.
Get the government OUT of marriage. Marriage licensing by the government originated as a way to keep whites and blacks from marrying. Let's eliminate state-sanctioned marriage and return it back to where it came from, chuches or individual private ceremonies.
Well I'm pro-life, but even then his solution is to return it back to the state level. Let those red states outlaw abortion the blue states can keep it.

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