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RE: This will explain the world

in #dollar8 years ago

Great. I actually wanted to know more about the ideas he utters about invading Iraq and attacking Libya. They seem to be because they wanted to exchange oil with a currency other than dollars. It seems somehow rational since the dollar is set up in a way that it gains its value from the oil exchange process. I think crypto currencies are a good alternative to dollar and state-supported currencies. I read an arti9cle sometime back where teh author showed that the Federal Reserve has made every wrong decision possible throughout the years which crippled the US economy and led to multiple recessions and economic complications. You seem to be very informed regarding these issues. what do you think?

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Well, I am usually very suspicious about conspiracy theories because it's just not the way things work. I don't think there was ever a decision made to attack Iraq because Saddam Hussein said he will buy oil in Dollars. I think many wrong decisions were made about the war in Iraq, but I this kind of decision process seem too far fetched.

The thing is I don't know what else could have been the reason to attack Iraq. The fact is any explanation for invading Iraq will undoubtedly fall in the category of conspiracy theories since they didn't have anything to do with 9/11 or Al-Qaeda. They didn't have any weapons of mass destruction because that was a lie. Any other reason for that war will be part of a conspiracy.

No, there was no reason to attack Iraq. They certainly did not have any non conventional weapons and clearly had nothing to do with 9/11. I don't know how the decision was made, as it was clearly not based on the reasoning that was given to the public. I think if it has to do with oil, the Bush administration was after the oil itself, and not just trying to make sure it will be sold in Dollars.

So some of the conspiracy theories have some merit to them. If the government lies about this, they could lie about other things too. The thing that I would like to know is if the currencies of other nations such as euro, yen, or pound are backed by gold reserves or not. Is there any currency in the world that has a gold backing you know about? For instance, steem here has inherent value since it is not just printed by a federal reserve or any other entity much like Bitcoin which is created by mining. These currencies have inherent value. they are not just a piece of paper or a bit that anyone can just create or print. I think the currency should be just like a product based on which you can exchange other stuff. What do you think?

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