Re: Old Guys Dances With A Sword In Saudi Arabia

Quote from: mindrust on May 21, 2017, 01:15:26 PM

Quote from: Red Fish on May 21, 2017, 01:10:34 PM

President Donald Trump and his team dances with a sword in Saudi Arabia welcome ceremony shows old guys dancing together in completely different cultural environment. Even as quest Donald looks very upset during the sword dance in fact. Obama looked much better in his foreign visits. See good quality video here http://www.dailymail.co.uk/news/article-4525766/Trump-takes-traditional-Saudi-sword-dance.html.

I would dance like that too if i were robbing the biggest Oil producing country there is.

1- USA prints USD out of thin air.
2- USA buys Oil from SA with those papers.
3- USA sells guns to SA and collect its papers back.
4- USA creates more jobs at gun business.
5- SA sells more Oil to get more USA papers.

Everyone is happy. Trump is a brilliant businessman.

You assert #1 leads to #2, but it doesn't. It's not the US government that buys the oil but various companies. Those companies don't have the ability to print the dollars. (It could be that in a few cases, of course, the US government does directly buy oil or a by product. For example Trump's plane is over there now. The payment for refueling it was a US government purchase directly.

The oil market is "fungible," which means that anyone can buy from anyone. Regardless of established long term trading partners, if someone offers a higher prices, he'll get the business.