Biden Lets China Threaten The Greenback's Status As The World's Reserve Currency

Agree on the Saudis.

 

I would be much more concerned that the bank failures in California might lead to a run on banks, with people withdrawing more cash than the banks can afford to lose.

Depositors yank another $126 billion from US banks

 

Even though your data was bad, you are going to stick with the conclusion?

 

it’s called faith lol

 

The Keystone XL pipeline, which was intended to move tar sands oil from Oklahoma to terminals in Louisiana, to be shipped off-shore to places that include China to help a Canadian company make more money.

That Keystone XL pipeline??

 

So under Biden we’ve had about half the top 15 domestic oil production months in our country’s history and you’re upset over a cancelled pipeline intended to move CANADIAN tar sands oil across the US despite that oil still being produced and shipped other ways that makes Canada bear more risk for ecological damage. Bravo.

 

How could Biden let this happen?!?!?

 

Here is Donald Trump calling for weaker dollar when he was president.

Trump: U.S. dollar 'is getting too strong'

Trump thinks dollar is too strong, blames Fed policy: official

Trump rips strong dollar, says the Fed has 'called it wrong at every step of the way'

Of course other times he praised the strong dollar.

 

Most of the stories about the dollar originate from the crypto world. Can you guess why?

 

I think people need to understand right wing politics is all vibes based, sure its not technically true in any factual sense, but it feels true, right?

 

Truthiness!

 

I thought the purpose of Keystone was to move tar sand oil to the Motiva Refinery in Port Arthur, TX.

 

The Keystone XL Pipeline, as laid out by Trans-Canada was to get tar sands oil to ports in Texas, not Louisiana. That part you are correct about, my mistake.

However, that was not intended solely for the refineries for the US market like everyone has run around claiming. In fact, Trans Canada is partnering with Enbridge Energy to move tar sands west across Canada via a pipeline acquisition and expansion in lieu of the Keystone XL.

What I never understood about all of the angst on both sides of this debate was that in the end, this pipeline was going to enable a Canadian company to more easily send oil outside the continent via ship. There was very little benefit to the American public, but every screamed bloody murder for tis project to happen.

 

Addl oil into the global market is a benefit regardless of where it goes. Getting it there via pipeline reduces risk andvreduces cost to get it there

 

So what? Since TC and Enbridge found an alternative and the global price of oil continues to climb, it has proved that all of the bickering of the past decade was pointless.

Further, the US should have ZERO interest in aiding foreign countries in turn aid the Chinese economy by providing a steady flow of oil.

 

And having it refined in the U.S. adds jobs and adds to the U.S. GDP. Sending it directly to China adds to their GDP. Processing it in the U.S. also gives us some control over where the products are sent and increases our energy security. If we don't want to sell to China, then we don't sell to China--they'll have to get it elsewhere.

In fact, it would be a massive waste of money if we did not process the oil, because the money has already been spent to upgrade Motiva to handle the tar sand oil.