Quote:
Originally Posted by editec  The strength of the USA has more to do with it economic power than its military.
Sans a viable economy, our military will naturally have to be pared back.
So when an oil producing nation like Iran elects not to accept petrodollars for their petroeum?
That IS a significant blow to American power.
Who cares?
Who CARES?
Patriots of this land should care. |
Well, yeah, we should care. But how much should we legally or morally be allowed to do about it? It's Iran's oil, not ours.
I somehow think that Toro's analysis is a bit off, I'd like to see sources for the numbers he posted. It doesn't seem right that Iran's oil has such little effect on us. And I'd like to see what the 20% of goods are that are sold internationally via other currencies.