Ron Paul debate highlights - Arizona

[iOWNme]

Havent watched it yet, but here you go:

[Ares]

Link ---> http://www.youtube.com/watch?v=gJIEN...ature=youtu.be

[Libertytree]

Attachment 2299

[iOWNme]

In the first 1:30 Ron Paul is asked:

Mod - "Why do you call Rick Santorum a fake?"

Ron Paul - "Because he is fake."

[iOWNme]

Whats all this talk about Ron Paul and Romney teaming up together?

http://www.prisonplanet.com/has-ron-...tt-romney.html

[Libertytree]

Whats all this talk about Ron Paul and Romney teaming up together?

http://www.prisonplanet.com/has-ron-...tt-romney.html

That's been floating around for awhile now but I just don't think RP would make any sort of "deal" with anyone, he has too much character and principle.

[EE_]

Something I would like to see talked about...Newt made a statement again about bowing to a Saudi king for oil.
It probably would go over most peoples heads, but it should be explained why we bow to a Saudi king and why these crypto-Jew Saudi Royals weren't inplicated in 9/11.
This I believe is the soul reason why the US has no desire to become energy independent. It would destroy the petrodollar.

Petrodollar became the essential basis for the US economic hegemony in the 1970s

A petrodollar is a dollar earned by a country through the sale of oil. In 1972-74 the US government concluded a series of agreements with Saudi Arabia, known as the U.S.-Saudi Arabian Joint Economic Commission, to provide technical support and military assistance to the power of the House of Saud in exchange for accepting only US dollars for its oil. This understanding, much of it never publicised and little understood by public, provided Saudi ruling family the security it craved in a dangerous neighbourhood while assuring the US a reliable and very important ally in OPEC. Saudi Arabia has been the largest oil producer and the leader of OPEC. It is also the only member of the cartel that does not have an allotted production quota. It is the 'swing producer', meaning that it can increase or decrease oil production to bring oil draught or glut in the world market. As a result of this situation, Saudi Arabia practically determines oil prices. Soon after the agreement with Saudi government, an OPEC agreement accepted this, and since then all oil has been traded in US dollars. Hence the oil standard became the dollar standard.

Now why would this matter so much?

Oil is not just the most important commodity traded internationally. It is the key industrial mineral, without which no modern economy works. If you don't have oil, you have to buy it, and if you want to buy it on the world markets, you commonly have to purchase it with dollars. Other countries buy and hold dollars like they buy and hold gold because they cannot purchase oil without dollars. In 2002, a former US ambassador to Saudi Arabia told a committee of the US Congress: 'One of the major things the Saudis have historically done, in part out of friendship with the US, is to insist that oil continues to be priced in dollars. Therefore the US Treasury can print money and buy oil, which is an advantage no other country has.'

This system of the US dollar acting as global reserve currency in oil trade keeps the demand for the dollar 'artificial' high. This enables the US to carry out printing dollars at the price of next to nothing to fund increased military spending and consumer spending on imports. There is no theoretical limit to the amount of dollars that can be printed. As long as the US has no serious challengers and the other states have confidence in the US dollar the system functions.

This has been the situation and the essential basis for the US economic hegemony since the 1970s. Needless to say, this system enables the US administration to effectively control the world oil market.

The petrodollar is one of the key foundations of the modern world economy that inescapably filters through geopolitics. While this has produced undeniable benefits for the US political and economic elites, it has left the US economy intimately tied to the dollar's role as global reserve currency.

Read more if you like: http://english.pravda.ru/opinion/fee...petrodollar-0/