{"id":26562,"date":"2019-02-16T13:55:05","date_gmt":"2019-02-16T18:55:05","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=26562"},"modified":"2019-02-16T14:01:58","modified_gmt":"2019-02-16T19:01:58","slug":"us-empire-of-debt-will-go-to-war-to-stop-emergence-of-petro-yuan-max-keiser","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2019\/02\/16\/us-empire-of-debt-will-go-to-war-to-stop-emergence-of-petro-yuan-max-keiser\/","title":{"rendered":"US \u2018Empire of Debt\u2019 will go to war to stop emergence of petro-yuan \u2013 Max Keiser"},"content":{"rendered":"<p><em>RT <\/em>has the interview <a href=\"https:\/\/www.rt.com\/business\/407789-us-petro-dollar-yuan\/\" rel=\"noopener\" target=\"_blank\">US \u2018Empire of Debt\u2019 will go to war to stop emergence of petro-yuan \u2013 Max Keiser<\/a>.<\/p>\n<blockquote><p>\nCountries worldwide are tired of funding the America\u2019s \u201cmilitary adventurism by being a party to the \u2018Empire of Debt,\u2019 as it\u2019s known around the world \u2013 the US dollar,\u201d and therefore, will likely join the de-dollarization movement, Keiser said.\n<\/p><\/blockquote>\n<div style=\"text-align:center\">\n    <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/JC7QEqxZCIs\" style=\"border: thick ridge #009900;\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div>\n<pre class=\"plain\">\r\n<\/pre>\n<p>I think Keiser is correct about most of what he says.  I would be very wary of his brief remark about crypto-currency.  He seems to be a big fan of crypto-currency erroneously in my opinion.  Here is a recent post <a href=\"https:\/\/ssgreenberg.name\/PoliticsBlog\/2019\/02\/12\/the-lunacy-of-cryptocurrency\/\" rel=\"noopener\" target=\"_blank\">The Lunacy of Cryptocurrency<\/a> that is more in line with my thoughts on the subject.<\/p>\n<p>There may be one possibility for crypto-currency that is worth keeping in mind.  The proponents of Modern Money Theory state that what gives fiat currency its value is that governments that produce such currencies create demand for them by insisting that taxes can only be paid with that currency.  At the moment, crypto-currencies have no similar mechanism to give them value.  If, however, some sellers of oil demanded to be paid in a crypto-currency, this could give legitimate value to the chosen crypto-currency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RT has the interview US \u2018Empire of Debt\u2019 will go to war to stop emergence of petro-yuan \u2013 Max Keiser. Countries worldwide are tired of funding the America\u2019s \u201cmilitary adventurism by being a party to the \u2018Empire of Debt,\u2019 as it\u2019s known around the world \u2013 the US dollar,\u201d and therefore, will likely join the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-26562","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=26562"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26562\/revisions"}],"predecessor-version":[{"id":26564,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26562\/revisions\/26564"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=26562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=26562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=26562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}