The global currency is crude....not money....Kissengers deal with the Arabs is falling part due to our inflationary fractional reserve system and the Arabs have figured it out. The Chinese will soon see how we have hosed them in the sense that we are devaluating their investment daily. The signs have become glaringly obvious and can no longer be ignored.
Great analysis. Also, perhaps Middle East wants to trade oil for real goods and services, not for printed dollars or bank generated digital cash. Until the US dollar gets a real backing, OPEC may soon disintegrate. A lifestyle change away from oil is very much needed.
The global currency is crude....not money....Kissengers deal with the Arabs is falling part due to our inflationary fractional reserve system and the Arabs have figured it out. The Chinese will soon see how we have hosed them in the sense that we are devaluating their investment daily. The signs have become glaringly obvious and can no longer be ignored.
gotveggieoil 1 year ago
Great analysis. Also, perhaps Middle East wants to trade oil for real goods and services, not for printed dollars or bank generated digital cash. Until the US dollar gets a real backing, OPEC may soon disintegrate. A lifestyle change away from oil is very much needed.
007debtpredator 1 year ago