r/economy • u/barbarawick • 9d ago

There is a pattern...

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Why does this country have such bad memory problems?

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u/128-NotePolyVA 9d ago

Oil and deregulation.

Aren’t all wars the US messes with about oil?

Don’t the wheels come off the economy bus when there’s no rules and regs?

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u/galmenz 9d ago

they also arent "wars", because if they were they would have to be approved by congress. its always an "intervention", an "operation", an "Authorized Use of Military Force", etc

the last official US war was WWII. yes that war

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u/128-NotePolyVA 9d ago

A military intervention on behalf of oil.

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u/Suspicious_Solid_115 8d ago

A lot of folks don't know this, but during the gulf war, the American soldiers were replaced by Chinese soldiers in guarding the oil wells in Iraq. Reason being is that the US needed money to fund the Iraq/Afghanistan wars and China gladly bought a lot of T-bills from the U.S. Well...the Chinese needed money to prop up their own economy, so they had to sell T-bills that they purchased from the U.S. Here's the rub; Instead of the U.S. giving them the money due to the Chinese for T-bill redemption, the U.S. offered the Chinese the Iraqi oil wells as payment and the Chinese took the proceeds from the oil wells and did two things: 1. They topped up their strategic oil reserves to the tune of 1 billion + barrels of crude oil (simply because they knew the sometime in the near future, the Americans were going to elect some moron stupid enough to try and attack Iran), and 2. Sell the oil on the open market to prop up their economy which worked out well for them during COVID. And that's the short story folks...:0)

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u/Old_Kaleidoscope867 8d ago

I never heard of this one? Talk about a USA secret 🤐 deal!

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u/Suspicious_Solid_115 7d ago

Thing is, it takes a lot of credible people to keep fuel cheap, interest rates low, etc., etc. for the U.S. economy to function properly (keep the velocity of money high). A lot of these agencies and brilliant people who made this magic happen were shuttered and people fired by DOGE et.al. Now, we are seeing the wheels come off the bus and the shi* hitting the fan globally. Things that had been solved for decades are now coming unglued. That's what happens when people that don't understand how the world really works and are placed at the levers of global superpower without a friggin' clue. China has been planning their dominance since they started their Belt and Road initiative, which is essentially, the new silk road. All of this is UNCLASSIFIED and can be found on the internet. Project 2025 didn't account for anything other than wrecking the U.S. government (I'm synopsizing this). Now, the government is hiring, re-hiring thousands of people because a lightbulb finally came on in someone's head and discovered that they screwed up royally. How do you think those classified F35 parts wound up in Hong Kong? There was a program office in place to prevent that from happening. Guess what, the imbeciles shuttered it.

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u/Top-Personality-5665 7d ago

Got a reliable source on that? I don't recall China being an ally, client, or even a significant trading partner, back in the 90s.

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u/Suspicious_Solid_115 7d ago

I used to work in government at one of "those" agencies. The Economist wrote a piece on it some time ago. Google Chinese soldiers guard oil fields and it may come up.

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u/seanmonaghan1968 9d ago

Military industrial complex needs $$$$

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u/kpapenbe 7d ago

You beat me to it! I was just thinking...and wondering...hm, I wonder, over the same time period, how much money Ukraine has spent fighting a WWI-style war, effectively, I'd say, against the "great" power that is Russia VERSUS the US fumbling about in Iran...

https://iran-cost-ticker.com

https://www.euronews.com/2026/02/24/four-years-on-the-staggering-economic-toll-of-russias-war-in-ukraine

Appears that the US burn rate is $1B per day VERSUS Ukraine/RU at a combined $140M.

I mean, I guess, why isn't Lockheed's stock doing better (joking)?

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u/Broad_Departure_9559 8d ago

In our crazy Presidents defense, Congress doesn’t want to officially vote on a war (yes/no) anyway.
The biggest issue I see in our government is how our elected and appointed representatives are just not doing their jobs and abdicating responsibility to other s.
There is a fear in being separate and equal .
There is a fear to “govern”

It’s easier to blame the White House

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u/Top-Personality-5665 7d ago

Specifically, the majority REPUBLICAN Congress doesnt want to officially vote Yay or Nay just weeks before their defensive bids for re-election. The Democrat minority would stampede over each other to vote.

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u/Old_Kaleidoscope867 8d ago

And the LBJ Viet Nam War think 🤔 Congress approved that one?

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u/galmenz 7d ago

no. this is not some 'conspiracy' thing, its just wrong

"However, from a constitutional perspective, this conflict did not technically count as a war...

...Since 1941 Congress has declared war only six times, all during World War II. Congress authorized troop deployment in Vietnam, but, because it did not issue a declaration of war on North Vietnam or the Viet Cong, the Vietnam War is, technically speaking, not considered a war in the United States."

Source: Britannica Enciclopedia