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Re: The US pulled out of Iran Nuclear Deal because it's too broke
From: "Dave Farber" <farber () gmail com>
Date: Fri, 11 May 2018 17:29:45 -0400
Begin forwarded message:
From: Dewayne Hendricks <dewayne () warpspeed com> Date: May 11, 2018 at 3:05:18 PM EDT To: Multiple recipients of Dewayne-Net <dewayne-net () warpspeed com> Subject: [Dewayne-Net] Re: The US pulled out of Iran Nuclear Deal because it's too broke Reply-To: dewayne-net () warpspeed com [Note: This comment comes from reader Randall Head. DLH] From: rvh40 () insightbb com Subject: Re: [Dewayne-Net] The US pulled out of Iran Nuclear Deal because it's too broke Date: May 11, 2018 at 1:49:57 PM EDT To: dewayne () warpspeed comThe US pulled out of Iran Nuclear Deal because it’s too broke By Dmitry Orlov May 11 2018 <http://cluborlov.blogspot.com/2018/05/the-us-pulled-out-of-iran-nuclear-deal.html> ... A sudden liquidation of this size would have punched an irreparable hole in the dollar system, which hinges on the ability to sell huge >quantities of US treasury paper on the international market. The Iranian liquidation of dollar assets would have come at a time when the US >is in dire need of foreign debt buyers, the demand is soft, and liquidity at the primary dealers for US debt is at record lows. It might >have been enough to trigger a run on the US dollar as everybody dumped their treasury paper and lead to the collapse of the entire scheme >by which the US robs the rest of the world by forcing it to continuously buy up its debt.Iran is a member of OPEC. As such, all of its petroleum sales have been in exchange for US Dollars, since 1945. (That agreement dates to 1945, between FDR and Ibn Saud). There is some five trillion dollars of Forex volume every day. <https://www.fxstreet.com/education/volume-in-the-forex-markets-useful-or-not-201703091034> A couple hundred billion, more or less, is a blip on a Bloomberg terminal screen. Dewayne-Net RSS Feed: http://dewaynenet.wordpress.com/feed/ Twitter: https://twitter.com/wa8dzp
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Current thread:
- Re: The US pulled out of Iran Nuclear Deal because it's too broke Dave Farber (May 11)