(08-12-2015, 10:35 AM)fredtoast Wrote: The title is decptive.  It doesn't say anything about the deal being tied to the "petro dollar".


But Kerry is absolutely correct that the United Stets can not just tell everyone else on earth what to do.  We are still, by far, the most powerful economic power, but when it comes to dealing with every other country in the world combined we don't have enough influence to force them to do everything we say.

This is one of the big reasons that Trump is such a joke.  He just says that all we have to do is talk tough and every other country will fall in line.  But it just doesn't work like that.  In the business world Trump can not just get any property he wants for whatever price he wants.  So I don't know why he thinks he can tell every other country on earth what to do just because he is "a better negotiator".

And the rest of the Republicans are just as bad.  They think "negotiation" means "getting everything we want without giving up anything".

(08-12-2015, 11:01 AM)BoomerFan Wrote: It might not be great for the economy but it certainly wouldn't destroy it. However, this is a good deal and should be lauded not feared.

http://www.vox.com/2015/4/2/8337347/iran-deal-good

"As a framework it's very good," Mark Fitzpatrick, the director of the Non-Proliferation and Disarmament Program at the International Institute for Strategic Studies, tweeted in April when the broad terms were revealed. He added, "A sharp critic of Iran and skeptic of the talks told me after the announcement that it seemed to be heavily tilted in favour of the West."

http://www.vox.com/cards/iran-nuclear-deal-myths

(08-12-2015, 11:08 AM)Devils Advocate Wrote: The only thing that keeps our economy afloat is the petro dollar. Without that, we're screwed. 

(08-12-2015, 10:56 AM)Devils Advocate Wrote: The petro dollar is precisely what he's talking about. 

(08-12-2015, 01:50 PM)Devils Advocate Wrote: Without the petro dollar, the U.S. dollar is worthless.

(08-12-2015, 11:08 AM)Devils Advocate Wrote: The only thing that keeps our economy afloat is the petro dollar. Without that, we're screwed. 

(08-12-2015, 01:50 PM)Devils Advocate Wrote: Without the petro dollar, the U.S. dollar is worthless.

Quote:NEW YORK (Reuters) - If the United States walks away from the nuclear deal with Iran and demands that its allies comply with U.S. sanctions, a loss of confidence in U.S. leadership could threaten the dollar's position as the world's reserve currency, the top U.S. diplomat said on Tuesday.

(08-12-2015, 06:15 PM)Devils Advocate Wrote: Link to make you Think ( Reuters report )


Here's one link to an article backing my claim. However it doesn't take a large leap in logic to understand that without the petro, the dollar collapses. Putting your fingers in your ears and closing your eyes makes no difference.

(08-12-2015, 06:15 PM)Devils Advocate Wrote: Link to make you Think ( Reuters report )


Here's one link to an article backing my claim. However it doesn't take a large leap in logic to understand that without the petro, the dollar collapses. Putting your fingers in your ears and closing your eyes makes no difference.

(08-12-2015, 11:46 PM)Benton Wrote: Backing sanctions is generally pretty unilateral. If I remember right, even Russia was backing economic sanctions against them. Even if I'm remembering wrong, economic sanctions take more than just the US anyway. Look at Cuba. We sanctioned them decades ago. Did it hurt? Sure. Did it end the Cuban way of life? No. Why? Because it was us beating our chests.