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Ghana plans to buy oil with gold instead of dollars

aljazeera.com

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Re: Ghana plans to buy oil with gold instead of dollars

#401
post #247

Earlier quoted context omitted.

You think that the USA has never employed it's three letter agencies to protect its interests?

I'm kind of confused by his comment. Isn't it common knowledge (and even admitted) that American three letter agencies protect their interests at almost full cost? The fbi had plans to assassinate MLK, and the cia led how many revolutions.

How about “America invades nation because it moves away from the dollar” is a complete bunk conspiracy theory and I was calling it out. It has 0 basis in reality and is peddled by anti-America types.

It’s common knowledge to the unknowledgeable, which was my point about credibility. it’s a meme and that’s it.

https://www.reddit.com/r/neoliberal/comments/m9sll7/why_nati...

Re: Ghana plans to buy oil with gold instead of dollars

#402

Earlier quoted context omitted.

Some people still live in denial. I can surely see CIA paying a visit to Ghana's officials.

You can see that because you’re knee deep in conspiracy theories. I’m not in denial I’m just informed on foreign policy and know that these agencies don’t just overthrow governments because they make financial decisions like this. That’s an ignorant meme that lacks any real analysis of foreign policy.

It's just history(i.e [1] )not conspiracy theories. We are past that. Same thing about surveillance. It used to be "conspiracy theories" but wikileaks and Snowden showed us that the truth is even worse.

[1] https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...

Re: Ghana plans to buy oil with gold instead of dollars

#403

Earlier quoted context omitted.

It is literally the most controversial concept in today's geopolitics. Study politics science in Dover - it is a conspiracy theory. Study PS in Calais - it is the exorbitant privilege and a cornerstone of global injustice. And it is not like France and the empire are rivals. https://en.m.wikipedia.org/wiki/Exorbitant_privilege

Regarding France, actually they play this game too. Check out the West/Central African CFA franc [2]. These currencies are pegged to 1/100 French franc, which currently about 1/656 euros. Many former French colonies are required to use the CFA franc, minted by France, and required to keep 85% in reserve in French banks, including during times of hardship, but they can always barrow against their reserve and pay Franc…

Yeah, I know that. CFA Franc is exactly what they are accusing the Fed of doing, just without the good-doer facade. As ironic as it is :)

Re: Ghana plans to buy oil with gold instead of dollars

#404
post #219

Earlier quoted context omitted.

The UK lost its literal empire because of the costs of two wars that devastated the continent - not domestic politics. On the other hand, the PRC is turning back on itself. It has been unable to produce a successor to Xi - making it very hard to change direction. Under Xi, it has actively cultivated hostility against itself and only manages to exercise influence others through force. It also has much less stable demo…

> The UK lost its literal empire because of the costs of two wars that devastated the continent - not domestic politics. That’s the story the British like to tell themselves. I don’t think it fits the counterexample that Germany was able to rebuild itself enough after the first to be a world-scale threat by the second (and might have won the second in the alternative timeline where they had not been so anti-communist…

Your argument leaves aside the fact that Germany lost the second world war and was absolutely devastated by it, and that a lot of their military power in that war came about at the expense of their citizens. It's also way too narrow: the resources the UK devoted to controlling its empire, couldn't be devoted to holding Germany down. The UK was never the sort of monopolar superpower that the US was 1989-2008 (the US very much learnt from the UK's more primitive form of partial dominance).

Moreover, even if any of your claims are true, it still doesn't show that they collapsed due to domestic politics. If they didn't have a goal of maintaining their global empire - and you seem to argue that they didn't - then it's not domestic politics but rather public opinion that led to the end of the empire. That is to say, it offers no real lessons for a country that wants to remain dominant. Maybe the US wants to leave its empire behind it, but if so you can only learn that if a country wants to leave its empire behind it, then it might succeed. So what? The British example in your presentation doesn't say anything about a country that wants to remain dominant. And it is completely one-sided, failing to account for domestic politics in China, which is in a far far worse situation than the US in terms of being able to gain/retain the (international) support needed for a dominant position.

> Politically, it is “gave up an empire to gain a continent… hang on, why isn’t the continent doing what we say? That must mean they are dictating to us!”

This is chronologically wrong. The British had already lost almost every bit of their empire, and certainly their imperial standing, before they tried to join the EEC. It cannot be maintained by anyone with even a milligram of dedication to the truth that they "gave up an empire to gain a continent". It's true that the price they had to join the EEC was to end the imperial preference, but they were poor, the sick man of Europe, and their ability to conduct internal imperial trade was dependent on the United States. Even their very best colonies in Australia and New Zealand, although still dependent on imperial trade, had turned and saw their future as key allies of the US - not dominions of the British Empire.

So while it might be the case that more lately, some British politicians have sought to build domestic support by lying to their constituents and claiming they "gave up an empire to gain a continent" only to be surprised that it was a partnership, they didn't lose their empire to join the EU/EEC. Your false-quote has resonance in the context of the Brexit debate, but it has no meaning in the original circumstance.

Re: Ghana plans to buy oil with gold instead of dollars

#405
post #382

Earlier quoted context omitted.

It's genocide when the goal is to wipe out a civilian population based on non-changeable characteristics.

I'm sure you were outside the embassy calling for Indonesia to be added to the OFAC list when they started massacring East Timorans. Or when Turkey invaded North Cyprus.

Why do you think it's only a genocide if I'm actively protesting it?

Re: Ghana plans to buy oil with gold instead of dollars

#406
post #380

Earlier quoted context omitted.

>US definitely has declined from its peak position of '90-'00. By the end of the last century, even allies were openly voicing concerns over US being a hyperpower and not just a mere superpower. [They are calling us a superpower again.] People in the '90's would have bemoaned that the US was well down from its peak in The 40's (you know, when we had nuclear superiority for c. 5 years). But in neither era would an ave…

> People in the '90's would have bemoaned that the US was well down from its peak in The 40's >>9/11 is the inflection point >George Bush et al really wanted Americans to believe that, but why? It's not like Iraq is that much different from Vietnam. This to me fails to note the categorical difference between the US's role before and after the fall of the Soviet Union. Before '90 US was representative of one of the ca…

Is your implication that Vietnam was a UN-backed war? You may be thinking of Korea.

Or is your implication that the US didn't use the UN to fight wars before the 90's? Because then I think you're forgetting about Korea.

Maybe NATO is the org. you're thinking of? Because they did invoke Article 5 for Afghanistan.

So I'm not really sure what difference I'm supposed to be seeing.

Re: Ghana plans to buy oil with gold instead of dollars

#407
post #365

Earlier quoted context omitted.

(laughs satanically) Oh, well, Forex rates! Go try to buy USD with RUB for this rate. Go try to wire those USD out of Russia. Go try to withdraw your USD in cash. Go try to export that cash from Russia. I am sorry for sounding like a jerk, but you don't understand the current situation in Russia. Country is under heavy sanctions and they are mountaining more and more every month. A good chunk of sovereign reserves ar…

> Oh, well, Forex rates! Go try to buy USD with RUB for this rate. Go try to wire those USD out of Russia. Go try to withdraw your USD in cash. Go try to export that cash from Russia. I am sorry for sounding like a jerk, but you don't understand the current situation in Russia. I mean, you must live in the U.S., which explains why you think your experience generalizes to the whole world and why you think if something…

> you must live in the U.S., which explains why you think your experience generalizes to the whole world

On the contrary, I live in Serbia, but 45 years before that I lived in Russia and USSR. So I have a first hand experience with currrent Russia's situation and all the events led it here.

For now, you either cannot have an account on Russian exchange if you are non-resident, or even if you do - you just cannot do any trade. If you have an account with the bank which has connection to sanctioned Russian banks - you will be presented with the rate far different than that you see on Forex. And you have to trade not USD or EUR or other credible currency, but in yuan, which is cursed by CCP (even Chinese people don't want to keep their savings in yuan) or, even better, turkish lira, which is cursed by Erdogan and has tremendous inflation of 10-15% per year for last 5 years. Good luck exctracting you arbitraged value from those.

I also see a visible volume of rupee/ruble on MICEX, but I don't think the rupee is a viable alternative to yuan or TRY for that matter.

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