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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: alanrs who wrote (8674)	3/14/2022 9:17:01 AM
From: elmatador	Read Replies (1) \| Respond to of 13801

These are the top of the crop. My take was that: It is not a thing that they devote much of their thought to. Hey this is not a field that would get me a Nobel Prize. Those economists from Yale, MIT, Harvard, Princeton, Berkeley and Stanford were specifically asked whether this weaponization of dollar finance might lead to countries shifting away from the dollar as the dominant international currency. Or it is taboo, perhaps. Human history of major economic changes, has never developed in linear, predictable, gracious line. It has just been triggered by mayhem. Came from where no one expected And when it was recognized, you know that "this is it moment" it was just already there For example: Archduke Ferdinand is shot in 1914 Serajevo. Imagine the British elite members talking to each other and saying: This augur the end of the supremacy of the pound. Didn't happen. But it was the shots that caused the pound to, ultimately, lose its supremacy. Some guys met and founded the Organization of the Petroleum Exporting Countries. 1960 Baghdad Imagine the Ministry of the Economy of Japan calling Eisenhower State Secretary Foster Dulles and saying: "We are fucked. These Arabs are planning to screw us." "How? "they've just founded the Organization of the Petroleum Exporting Countries" How many members? "Five" They don't have the means to do it," Dulles replies "Not now. But give them a decade or two." His wife asks "who was that?" "Don't mind just the economy ministry of Japan with too much sake." Next day Eisenhower asks: "Any important things, John?" "Nah. Nothing Mr. President" And yet they screwed all of us, real good. Just 13 years after they founded the OPEC.