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HMMM NO ONE AskED

so I will ...what the hell is monetary hegemony and more importantly why should I care?


if the very rich have more...than the very poor...I am shocked

mike777, on 2017-August-04, 22:44, said:

Here you go.....start from the top....down.

http://www.bridgebas...-analyse-this/#

RedSpawn, on 2017-August-04, 22:52, said:

'
zero

if that is your evidence or theory or whatever....zero

mike777, on 2017-August-04, 23:10, said:

Oh really? You couldn't have read the entire chain on monetary hegemony that fast! And the timing of economic sanctions against Russia and Iran by the US Senate to some of the largest holders of proven oil & gas reserves in the world is very suspect and beyond coincidental.

It's not all about a global antiterrorism campaign. That is only part of the narrative the government and intelligence agencies share with the public. FOLLOW THE MONEY and proven oil and gas commodities and you will better understand the U.S. foreign policy and inadvertent Middle East destabilization effort.

http://www.uncommont...imperialism.php

Monetary hegemony is an economic and political concept in which a single state has decisive influence over the functions of the international monetary system. A monetary hegemony would need:

• accessibility to international credits, ✓USA has
  
• foreign exchange markets ✓USA has courtesy of Wall Street and Federal Reserve Bank.
  
• the management of balance of payments problems in which the hegemony operates under no balance of payments constraint. ✓ USA has
  
• the direct (and absolute) power to enforce a unit of account in which economic calculations are made in the world economy. ✓ USA has petrodollars which is defined as "the U.S. dollar earned front the sale of oil, or they may be simply defined as oil revenues denominated in U.S. dollars"

Sometimes a picture is worth a 1000 words. This is what U.S. monetary hegemony looks like

i follow to david freese.....then stop goodnight


you can follow onward

mike777, on 2017-August-04, 23:36, said:

Fine.

Let me break it down for you:

Almost all countries who buy their oil from OPEC must do so in US dollars. This is based on a bilateral agreement that the US made with Saudi Arabia, the world's largest holder of crude reserves, to provide them world-class military protection of their resource rich oil fields in exchange for requiring all OPEC purchases to be settled in US dollars. In addition, we asked Saudi Arabia to reinvest their oil profits from these sales by purchasing fiat US Treasury notes issued by the US Department of Treasury through a printing press at the Federal Reserve Bank.

The US has no problems providing military protection to Saudi Arabia as the sun never sets on the US empire of military bases. In addition, our military industry has the capacity, materiel, manpower, and budgetary approval to EASILY fulfill the terms and conditions of this bilateral agreement. In addition, our military will have first hand access to monitor and respond in this Middle East region should unusual activity occur that disturbs the public order and peace of the region or interferes with the economic prosperity we are afforded.

Saudi Arabia thought this agreement was a sweet deal from heaven because they would have the world's largest and most formidable military protecting their country's greatest asset AND MIDDLE EAST PORTS. All that was required in return was OPEC market manipulation demanding the US fiat currency for all oil purchases and that any surplus currency Saudi Arabia had was used to buy US Treasury notes.

Every nation needs oil to power their economy. Therefore, you have almost 200 countries clamoring to produce global exports for the US to get greenbacks in their international trade settlement accounts to purchase the oil they need from OPEC who requires all oil barrel purchases be denominated in US dollars. These countries need oil for manufacturing, heating, auto fuel, ship fuel, and jet fuel among a variety of other reasons.

This arrangement created an intense artificial global demand for the US dollar and the US dollar became the default world reserve currency through petrol oil. As long as the world needs oil for subsistence, manufacturing, and transportation and as long as OPEC has dominance over the supply and distribution of this precious commodity, the US will be the world's functional reserve currency and American ports will receive a cornucopia of goods from across the world on the cheap.

In addition, this arrangement generated a lot of U.S. financial business for the world foreign currency exchange market handled courtesy of Wall Street firms and the Federal Reserve Bank.

Ever wonder why our retail stores are chocked full of inventory from China and the Five Tigers of Asia? Monetary hegemony and petrodollar world dominance is why.

The only thing that can disturb this equilibrium is when countries try to break away from the petrodollar regime and find ways to buy their oil in other currencies. This type of "insubordination" undermines our petrodollar imperialism; thus, our government and State Department find ways to cast these countries as bad actors or axes of evil for geopolitical reasons rather than highlighting how their resistance to our petrodollar regime threatens our world dominance in the oil market. We call this sleight of hand ... "foreign policy spin" to change public sentiment to support a military intervention of the insubordinate country.

Now, Iraq (Saddam Hussein) tried to break away from our petrodollar regime in late 2000 and wanted to buy oil in cheaper Eurodollars at the time. This strategy seems innocuous at first, but should it succeed, other countries might adopt it which would further compromise our world reserve currency status and eventually require that we beef up our U.S. exports to replace the lost business volume.

But this sounds like pure conjecture, right? See https://www.theguard...16/iraq.theeuro

So, Iraq shows the world how to temporarily decouple from our monetary hegemony and petrodollar regime at a profit; and in less than 3 years the world also sees an Iraq War with no WMD found, a huge Western intelligence failure, a dead Saddam Hussein, and a decimated, destabilized Iraq left with no surviving government in the midst of all the death, destruction and chaos. And the world says, "Note to self: We will continue to get up in the morning, go to work for pennies on the dollar, make the doughnuts that America wants, support the petrodollar regime and buy our oil in US dollars from OPEC lest we want to end up like Saddam Hussein and Iraq."

Any questions?

Source:
http://themarketmogu...egemony-part-1/

https://geopolitics....ollar/#comments

Quote

The only addition being that Fiat currency is debt-based so the interest-bearing nature of its creation by the Fed ensures debt-servitude for humanity and increasing profits for the banking sector. No need for Jubilees when you can get bail-ins and squeeze that particular lemon yet again.

Al_U_Card, on 2017-August-05, 06:12, said:

Thanks for the feedback. And yet our dramedy-driven news networks rarely talk about this global humanitarian rights issue or how it practically enslaves the world through a fiat currency that is backed by nothing more than F.E.A.R. (Fake Economy Appearing Real). If "enslave" is too strong, I am willing to downgrade to "a form of indentured servitude".

Look at page 1 of the Global Outlook Report for 2017 from JP Morgan. It shows global citizens attacking their government officials with pitchforks as a result of the trillions of dollars of issued bonds (cash) sitting at central banks. Very interesting outlook.

https://www.jpmorgan...20719576236.pdf

It is, after all, a confidence game. The banks get more and it ends up in the next (latest) asset bubble. Dot.coms to housing to .... wait for it... the stock market. The next crash will require those "bail-ins" that have been quietly added to most legislatures.

Al_U_Card, on 2017-August-05, 08:48, said:

The Federal Reserve Bank Balance Sheet has ballooned from a small US$900+ billion in 2008 to over US$4.5 TRILLION in 2017.

A quadrupling of assets on the balance sheet?

That is insane!

Source#1: https://www.federalr...ecenttrends.htm
Source#2: http://www.businessi...ce-sheet-2017-6

Where's the journalists and collective outrage?

Al_U_Card, on 2017-August-05, 08:48, said:

Agreed. You are killing me though. I needed smelling salts today.

The next asset bubble will either be: http://www.visualcap...ime-auto-loans/



or

Source: https://www.ft.com/c...ac-6d03d067f81f
Source: https://fred.stlouis...aign=categories


President Trump better have his talking points ready for the next market panic. He's riding high on Dow 22,000 but it is possibly an asset bubble created by our central bank monetary policies.

See https://www.nytimes....s-a-bubble.html

The problem is the asset bubbles rose because we transitioned from a nation of financial innovation to a nation of financial engineering.

Derivatives were originally created to solve a business problem for legitimate, yet sophisticated buyers and sellers who actually HELD, NEEDED, OR PRODUCED the underlying asset on which the derivative was based. See Powerpoint slide below. However, Wall Street hired consultants to mastermind this market to allow participants who don't constructively own or have access to the underlying asset to speculate in the marketplace without having sufficient "skin" in the game. Therefore, these gamblers aren't concerned about a successful, mutually beneficial outcome for both parties.

This is very important because the underlying economic assumption is that each party deals with his counter-party at an arms-length; each party wants an outcome that will benefit both parties. However, thanks to the Wall Street masterminds, you now have institutional gamblers who can become parties in the market who actually don't own any of the assets these derivatives are based on and these parties are moving the market prices in an attempt to make quick profits on the short-term price fluctuations of these contracts. This increase in the volume of transactions in the marketplace may be good for Wall Street's transaction fee revenue, but it causes horrible, amplified price and market equilibrium distortions. The derivatives market is glutted with bad actors; thus, one can practically throw the market fundamentals out the window. We are in Wall Street casino-land now. Ain't nothing free in a financial marketplace, there's always a price/penalty to be paid!



So, how do the top 25 retail bank holding companies in America own derivative contracts with a notional value totaling $222 TRILLION. There is no safe place in this world for ugly mathematics. $222 million million = $222,000,000 X $1,000,000 = $222,000,000,000,000. See below:

PassedOut, on 2017-May-20, 14:34, said:

I think Trump met with the King of Saudi Arabia in May, in part, to get reassurances that the King was not pivoting away from the United States over our long-term monetary hegemony over the petrodollar.

Quote

Source: https://www.usatoday...deals/99295228/

ALWAYS FOLLOW THE MONEY AND MONETARY HEGEMONY.

awm, on 2015-August-23, 12:48, said:

If you compare the minimum wage in Mexico to the minimum wage in the United States you can see ONE of the main reasons why immigrants were running to the border, securing fake IDs, illegally working in the U.S. and wiring money back home to family in Mexico. Unskilled labor can get almost 12X wage increase by migrating to the United States and working illegally in similar occupations. Follow the money and the arithmetic.

President Trump should have tried this angle when he was trying to explain why we have the immigration problem in the 1st place. He race baited instead and catered to our base instincts and fears.

One comment, and one only, in response to an early post in this thread: no one is qualified for the job of President of the United States.

blackshoe, on 2017-August-05, 17:28, said:

Perhaps, but some are less unqualified than others.

Most people probably aren't qualified to be parents, either, but that doesn't stop them.

barmar, on 2017-August-06, 16:40, said:

Thus the issue, thus the debate or if you prefer the problem....a problem....
Once you accept that most people are not qualified to be parents....Houston we have a discussion.


the answer as to most questions posed here in the forums may be the same word......robots.

Perhaps not the best possible answer just the best answer that is possible.

barmar, on 2017-August-06, 16:40, said:

You are testifying on truth barmar!

blackshoe, on 2017-August-05, 17:28, said:

barmar, on 2017-August-06, 16:40, said:

My thought exactly.

More to the point, whether or not there's someone fully qualified for the job, someone's got to do it. Unfortunately, the election process is not really designed to select the most qualified person.

The parenting analogy fits those points as well.

The system of checks and balances should generally ameliorate this problem. Like Congress meeting every 3 days to stay in session, to prevent Trump from making recess appointments without their consent.

barmar, on 2017-August-07, 10:15, said:

Being right about policy issues doesn't make you qualified to be President of the United States either. Take Ross Perot for example.

https://www.creators...oss-perot-right