Gen. Mattis apparently has sworn an oath to a Constitution he has not read

[Care4all]

i know that US Dollar for oil is important for some reason....but do not know exactly why, or have never taken the time to research it..... can you give me a simple explanation that I would understand?

Sure.

The value of the US dollar or USD is due to trade on the global currency markets known as the Forex.

1) When, say Japan, wants to buy oil from the mid-east, the Japanese have to take their yen and convert it to a similar value of USD for the oil that they need. This pushes the value of the USD up, and the Yen downward because the bid/ask price of the USD/Yen pairing on these markets is pushed in the favor of the USD when Yen is used to buy USD.

2) The global demand for petroleum means that a whole bunch of countries are buying USD to get oil, and that drives up the value of the USD globally as well.

3) Our Federal Reserve Banking system has become very much used to this dynamic, and all the USD that is in circulation globally is all pretty much still only a fraction of the global demand for USD due tot he d3mand for oil.

4) So, in effect, the USD is no longer backed by gold, but backed by the demand for oil instead.

5) The Saudis can change their policies instantly, but they are unlikely to do so because it would almost immediately devalue all their US Bonds and other financial instruments to worthless paper as soon as the USD loses this effective role as the world reserve currency. Why? Because nations, cartels, corporations etc across the globe have vault money denominated in USD. They would dump it on the markets as soon as they got wind that the Saudis are abandoning the USD standard for oil purchases. This would destroy the value of their financial reserves, again all denominated in USD.

That is the best I can do before bed, and I hope that helps some.

ok, I still don't totally understand, but I am getting closer.....

How do these other countries buy or is it convert to the US Dollar.....by buying our debt? bonds? Or on an exchange for currency?

 

[Care4all]

Jim, it sounds to me like we are in a real pickle by needing some other country's oil, to build up/back the US Dollar.... is this why we let the Saudi's get away with funding 9/11? Is this why we let the new prince murder the Washington Post journalist without any reprecussions, or cause all of the autrocities in their fight in Yemen?

 

[JimBowie1958]

Jim, it sounds to me like we are in a real pickle by needing some other country's oil, to build up/back the US Dollar.... is this why we let the Saudi's get away with funding 9/11? Is this why we let the new prince murder the Washington Post journalist without any reprecussions, or cause all of the autrocities in their fight in Yemen?

Oh, yeah, we let the Saudis skate on a whole bunch of crap because they have us by the proverbial short hairs.

 

[Care4all]

Jim, it sounds to me like we are in a real pickle by needing some other country's oil, to build up/back the US Dollar.... is this why we let the Saudi's get away with funding 9/11? Is this why we let the new prince murder the Washington Post journalist without any reprecussions, or cause all of the autrocities in their fight in Yemen?

Oh, yeah, we let the Saudis skate on a whole bunch of crap because they have us by the proverbial short hairs.

by the balls!

 

[skye]

Chihuahua Mattis.

Shame on you!

You disgust me, you have become a traitor.


then.....may be you always were one.

 

[JimBowie1958]

ok, I still don't totally understand, but I am getting closer.....
How do these other countries buy or is it convert to the US Dollar.....by buying our debt? bonds? Or on an exchange for currency?

The Forex market is a global financial currency trading system participated in by all the central banks and major banks like Morgan Stanly and Goldman Sachs.

Foreign exchange market - Wikipedia

en.wikipedia.org

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.[1]​

​

The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: US$1 is worth X CAD, or CHF, or JPY, etc.​

​

The foreign exchange market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as "dealers", who are involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the "interbank market" (although a few insurance companies and other kinds of financial firms are involved). Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, Forex has little (if any) supervisory entity regulating its actions.​

​

The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies and the carry trade speculation, based on the differential interest rate between two currencies.[2]​

​

In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.​

​

The modern foreign exchange market began forming during the 1970s. This followed three decades of government restrictions on foreign exchange transactions under the Bretton Woods system of monetary management, which set out the rules for commercial and financial relations among the world's major industrial states after World War II. Countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed per the Bretton Woods system. ​

​

The foreign exchange market is unique because of the following characteristics:​

• its huge trading volume, representing the largest asset class in the world leading to high liquidity;
  • its geographical dispersion;
  • its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);
  • the variety of factors that affect exchange rates;
  • the low margins of relative profit compared with other markets of fixed income; and
  • the use of leverage to enhance profit and loss margins and with respect to account size.

​

As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks.​

​

According to the Bank for International Settlements, the preliminary global results from the 2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $6.6 trillion per day in April 2019. This is up from $5.1 trillion in April 2016. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2019, at $3.2 trillion per day, followed by spot trading at $2 trillion.[3]​

​

The $6.6 trillion break-down is as follows:​

• $2 trillion in spot transactions
  • $1 trillion in outright forwards
  • $3.2 trillion in foreign exchange swaps
  • $108 billion currency swaps
  • $294 billion in options and other products

They way you trade money on the Forex is to take an amount of one currency, and buy another currency using that currency pair. So if I have $10k and want to buy EU Euros, I deposit the $10k in to my account if it isnt already there. I then go to the USD/EU pairing exchange and buy the Euros I need with my USD. This increases demand for the Euro just a smidgeon, and the USD goes down abit as paired up against the Euro.

But when the countries buy oil and need USD, they have to go onto the Forex and use their currency to buy USD in the amount that they need to buy oil. The Saudis end up with a whole lot of USD in their vaults or they buy bonds, or other equities with it, typically.

Hope that helps a bit more.

 

[Moonglow]

Repubs love their Trump cabinet members one minute then hate then the next minute. They act like teenage girls.

 

[skye]

Repubs love their Trump cabinet members one minute then hate then the next minute. They act like teenage girls.

But you....with that signature act like and adult.....right? I get it.

 

[Eric Arthur Blair]

Yeah, sure you did....I never liked him....Stunk to high heaven of neocon Bushbot spook shit....The two silly attacks on Syria on the flimsiest of supposed evidence confirmed my suspicions.

But you just keep it up with the pretense and the wind socking....It's not surprising to anyone anymore.

Obama shitcanned him based on his obstinate views on Syria.

 

[Moonglow]

Repubs love their Trump cabinet members one minute then hate then the next minute. They act like teenage girls.

But you....with that signature act like and adult.....right? I get it.

My avi and Sig show I have no respect for people who think they can control me. I have zero problems not trusting any authority figures. Unlike party loyalist which adorate the bad

 

[Care4all]

ok, I still don't totally understand, but I am getting closer.....
How do these other countries buy or is it convert to the US Dollar.....by buying our debt? bonds? Or on an exchange for currency?

The Forex market is a global financial currency trading system participated in by all the central banks and major banks like Morgan Stanly and Goldman Sachs.

Foreign exchange market - Wikipedia

en.wikipedia.org

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.[1]​

​

The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: US$1 is worth X CAD, or CHF, or JPY, etc.​

​

The foreign exchange market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as "dealers", who are involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the "interbank market" (although a few insurance companies and other kinds of financial firms are involved). Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, Forex has little (if any) supervisory entity regulating its actions.​

​

The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies and the carry trade speculation, based on the differential interest rate between two currencies.[2]​

​

In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.​

​

The modern foreign exchange market began forming during the 1970s. This followed three decades of government restrictions on foreign exchange transactions under the Bretton Woods system of monetary management, which set out the rules for commercial and financial relations among the world's major industrial states after World War II. Countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed per the Bretton Woods system. ​

​

The foreign exchange market is unique because of the following characteristics:​

• its huge trading volume, representing the largest asset class in the world leading to high liquidity;
  • its geographical dispersion;
  • its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);
  • the variety of factors that affect exchange rates;
  • the low margins of relative profit compared with other markets of fixed income; and
  • the use of leverage to enhance profit and loss margins and with respect to account size.

​

As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks.​

​

According to the Bank for International Settlements, the preliminary global results from the 2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $6.6 trillion per day in April 2019. This is up from $5.1 trillion in April 2016. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2019, at $3.2 trillion per day, followed by spot trading at $2 trillion.[3]​

​

The $6.6 trillion break-down is as follows:​

• $2 trillion in spot transactions
  • $1 trillion in outright forwards
  • $3.2 trillion in foreign exchange swaps
  • $108 billion currency swaps
  • $294 billion in options and other products

They way you trade money on the Forex is to take an amount of one currency, and buy another currency using that currency pair. So if I have $10k and want to buy EU Euros, I deposit the $10k in to my account if it isnt already there. I then go to the USD/EU pairing exchange and buy the Euros I need with my USD. This increases demand for the Euro just a smidgeon, and the USD goes down abit as paired up against the Euro.

But when the countries buy oil and need USD, they have to go onto the Forex and use their currency to buy USD in the amount that they need to buy oil. The Saudis end up with a whole lot of USD in their vaults or they buy bonds, or other equities with it, typically.

Hope that helps a bit more.

yes, it does! TY!

and with the so called strong dollar and security of the need for the dollar, it makes buying US dollars or bonds etc more enticing....which makes it easier to sell ourdebt, to foreigners, no??

 

[skye]

Repubs love their Trump cabinet members one minute then hate then the next minute. They act like teenage girls.

But you....with that signature act like and adult.....right? I get it.

My avi and Sig show I have no respect for people who think they can control me. I have zero problems not trusting any authority figures. Unlike party loyalist which adorate the bad

then you have a teenage soul really....

so don't project please

why...thanks.

 

[Moonglow]

Repubs love their Trump cabinet members one minute then hate then the next minute. They act like teenage girls.

But you....with that signature act like and adult.....right? I get it.

My avi and Sig show I have no respect for people who think they can control me. I have zero problems not trusting any authority figures. Unlike party loyalist which adorate the bad

then you have a teenage soul really....

so don't project please

why...thanks.

I did no projections only truth. Sorry

 

[Eric Arthur Blair]

That twenty-five year old Bart Simpson shit is really tiresome and completely played out.
Maybe you can express your "rebel attitude" in some less dorkish way.

 

[skye]

Repubs love their Trump cabinet members one minute then hate then the next minute. They act like teenage girls.

But you....with that signature act like and adult.....right? I get it.

My avi and Sig show I have no respect for people who think they can control me. I have zero problems not trusting any authority figures. Unlike party loyalist which adorate the bad

then you have a teenage soul really....

so don't project please

why...thanks.

I did no projections only truth. Sorry

sorry??? only truth LOL...

these people are nuts !!!

 

[Shelzin]

Agree with the foreign elements, that's a given! And a major concern of our founders, of foreign interference in our own affairs!
But as far as independence, the constitutional requirement is that the press is Independent of the Government.
The Press was NEVER unbiased.... news papers have always seemed to lean one way or the other.... that does not mean that the news should not be accurate!
But News Papers for years have pushed agendas, even Thomas Paine's, and Benjamin Franklin's almanacs etc leaned.
News Papers are known for picking Candidates and supporting them, in the political arena.
It's good to have varying partisanship leanings in the different press..... it makes the Dem leaning point out the faults of the right leaning govt, and makes the Repub leaning, point out the faults of the left leaning.... always looking for wrong doing from the ''other side'' actually is a pretty good watchdog, on our govt...imo.

We used to have laws preventing a monopolization of the local media, like a company could own only one TV station , one newspaper and a few radio stations, but I thought it did not go far enough, but all that is gone now.

One corporation can control all the media in a locale and deprive the public of badly needed information.

I agree with that... it used to be the big channels were always corporate owned, but the local news and local papers were not owned by big corporations, and radio was smaller local stations and not big corporation owned.... which gave us a variety of perspectives....

That simply has disappeared and there are monopolies across the nation that even control local news now, making all local news even a thousand miles apart, say the same thing....

All of that is a HUGE mistake, and we really do need to split these big corp monopolies up and go back to the way it was....!!!

I agree.

 

[candycorn]

Chihuahua Mattis.

Shame on you!

You disgust me, you have become a traitor.


then.....may be you always were one.

LOL...

General Mattis is AMAZING!~!!!!!!!!!!!!!!!!!!!!!!!!!!

GOD Bless him too!!!!!

Stepford really stepped in this one...

 

[C_Clayton_Jones]

Gen. Mattis tells us he swore an oath to support and defend our Constitution and defends the right of demonstrators to protest, lauding them as “people of conscience” who were fulfilling the values of the country.

Perhaps Mattis, in his old age, has forgotten the right he speaks of, a “constitutional right”, commands the people may “peacefully” assemble when petitioning their government, which of course excludes and forbids the throwing of life threatening projectiles, and is what was correctly responded to.

And as to Mattis asserting “Donald Trump is the first president in my lifetime who does not try to unite the American people — does not even pretend to try. Instead he tries to divide us. We are witnessing the consequences of three years of this deliberate effort. We are witnessing the consequences of three years without mature leadership”, it is quite obvious that Mattis is unwilling to acknowledge there can never be unity between our communist and socialist crowd, and red blooded American citizens who support and defend our Constitutionally limited ”Republican Form of Government”, and its intended free market, free enterprise system ___ a meritocracy in which every person under protection of the law, is intended to be free to succeed or fail at their own hand!

Indeed, Mattis prefers to attack President Trump for wanting to enforce the rule of law, and sides with an orchestrated protest [orchestrated and given life by our Fifth Column Media and their Yellow Journalists] ___ a protest that has been co-opted by domestic enemies and has evolved into a direct attack on the lives, liberty, property and dreams of millions of American Citizens.

You, Mr. Mattis, should be ashamed of yourself for condemning our President for having a spine and sternly warning our communist/socialist leaders in Democrat controlled States to end the looting and mayhem, lest he do it for them.

JWK

Our country is infested with a Fifth Column movement at MSNBC, NEW YORK TIMES, CNN, WASHINGTON POST, ATLANTIC MAGAZINE, New York Daily News, Time, ETC., and their countless Yellow Journalists, who work hand in hand with the Democrat Party communist/socialist leadership

This fails as a false comparison fallacy.

The reprehensible right continues to seek to conflate those engaged in lawful protest with those who violate the law – one having nothing to do with the other.

 

[Eric Arthur Blair]

This fails as a false comparison fallacy.

The reprehensible right continues to seek to conflate those engaged in lawful protest with those who violate the law – one having nothing to do with the other.

Just as you attempt to conflate those violating the law with those following it.

 

[Wapasha]

General Mattis is a patriot.

Donald Trump is something else entirely.

Mattis is a real disappointment. He engages in slander of Trump, and yet he never provides any facts to show justification for the trash talk he unloaded.

Where does he get off making a personal opinion claiming Trump divides the nation, all Trump has done is offer hope and positivity. Where is his proof of that? All this man did was shoot spitballs at Trump, like an internet troll. So sad. And then Kelly follows up on this crap?

You know...when two honorable, high ranking military men who also served in Trump's administration start talking like this - maybe the problem is TRUMP not them.

We saw how Mattis objected to Trump simply halting the military from wasting time trying to fight global warming, and he objected to Trump canceling the Iran nuke deal. No, the prob is with Mattis, not Trump.