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The legacy of John McCain; Using the Petrodollar as a weapon; Countries detaching from the U.S. dollar
RT - September 2, 2018: Max and Stacy talk about the legacy of John McCain supporting the neocons, the weaponization of the U.S. dollar and the world detaching from the U.S. dollar hegemony tricks.
Stacy:...John McCain returned [to the United States] in March of 1973 right about the time that, basically we had the Petrodollar, the beginning of the Petrodollar. So after forty years we [the United States] have had a lot of hubris, warhawks and necons demand that we use that as a weapon. So the dollar as been weaponized and it is the likes of John McCain and all the neocons around him. And that will lead to this headline here from CNBC:
The anti-dollar awakening could be ruder and sooner than most economists predicts. The United States is currently waging economic warfare against 1/10th of the world's countries with cumulative population of nearly two billion people, a combined gross domestic product of more than fifteen trillion dollars. These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others which Washington [DC] has imposed sanctions over the years. But also countries like China, Pakistan and Turkey, which are not under full sanctions, but rather targets of other punitive economic method measures.
Max: Right. The dollar is an instrument of war. It has been weaponized. And the empire, that is the U.S., is expanded and control through the yo"U" world of dependence on dollars to survive and that's the post World War II order. That's the legacy of the Bretton Woods agreement and this is what countries are now fighting to now get out of this constraint, this choke hold of the dollar.
Stacy: But it's that classic setup, of first they came for the Communist and I did not say anything because... so here they; first they came for Cuba and I did not say anything, because I wasn't Communist, our country wasn't Communist. Then they came for Venezuela, then they came for Iran. Then they start to use that weapon (i.e. the Petrodollar hegemony), that power, the hubris, the empire gets less and less happy that you might betray them in anyway. So this is where we are at, the point now where the U.S. has decided again to impose sanctions on Iran, and Europe you better abide or we (the U.S.) are going to sanction you.
Max: ...The "rest of the world" is breaking away from the U.S. dollar. It's been frozen under the yoke of U.S. dollar hegemony and now it's breaking up. We are going into and I have coined this phrase neo-mercantilism. I was the first to call this. Just like I was the first to mention Bitcoin in 2011. I am the first to mention neo-mercantilism in 2017-2018. We are going back to nineteen century global economies. ...