Tag Archives: U.S. dollar

Americans rarely want to see their President fail; personally, I’d prefer that history record each Presidents term in office as a continuation of our self-perfecting ambitions, our national legacy of success. Unfortunately, President Obama has been deluded into believing that he possesses the powers akin to that of an alchemist; the ability to completely reverse the order of rule without consequence. Not as a matter of defiance but more so from a position simply stated as expectancy. He actually expects that by the mere act of having spoken that all order, having been the common practice(s) of the universe, will summarily suspend taking the predictability of consequence along with it.

In a nut shell: The President has decided to anoint the Islamic Republic (a contradiction in terms) of Iran as Regional Robo-Cop of the Middle-East. He believes that his personal currency of caricaturized-intellect is sufficient to suspend both history and the historical order-of-rule which has always accompanied Militarized Islamic Regimes, always.

Suspending Iran’s nuclear capacity may sound like a yippee-moment, but understand this: it does nothing to address their existing capability or to eliminate their ability to unleash or resume the processes and it does nothing to sanitize the eternal Sunni-Shiite conflict that exists throughout the entire Islamic World. Any Deal with Iran, particularly when we consider the only issues being negotiated are those which Iran’s Khomeini will consider, serves only to further diminish U.S. prestige and credibility which, under the present Administration, has never been lower. Desperation-for-a-deal, by Obama’s negotiating team, has had a devastating effect on what would otherwise have been an overwhelming position of strength for the U.S. One might characterize this as nothing more than a hungry child begging a bully for his lunch-money the worm just stole from him; a tragic role reversal for the United States.

It gets worse; Obama’s anointing of Iran is seen as an insult to Saudi Arabia. Recall that the U.S. (circa 1973) made a perpetual defense agreement with Saudi Arabia whereby the U.S. would guarantee their security in exchange for anchoring the trading of OPEC oil to the U.S. dollar (a.k.a., Petro Dollar). This is the genesis of both the dollar as the worlds reserve currency and the open licensing of print on demand U.S. Monetary Policy. Obvious as the risk should be nonetheless, Mr. Obama seems completely ignorant of the global economic consequence his selective unwinding of gravity will have, specifically as it relates to what’s left of the U.S. economy and the tattered middle-class.

One minor shift in the manner in which oil is traded will have catastrophic consequences for the U.S. dollar and this is precisely what Russia, China and the E.U. would love to see happen. It’s so very difficult for Americans as they continue to endure, that while their leaders claim to love America they consistently act as if the American people are their enemies.

The following are a select group of responses to questions/comments received after the original article was published. We believe you will find them of interest.

Curtis C. Greco, Founder