Pretty sad when he references the blows dealt to a currency that isn't even his, because crashing the USD has a negative effect on the entire world -- not just us.
Why Putin can see it and not the armchair economists is obvious: Putin is a leader looking out for his country, and those armchair economists are paid to destroy theirs
The economists know what’s up, but they are far too vested in the USD to do anything about it.
The ship has been sinking for awhile, there is nothing they can do to get themselves out of this one, no amount of interest rates hikes, so it’s basically who can steal the most, the fastest, before it all implodes.
Agreed. Some armchair economists are paid to sell FUD, or smoke and mirrors prosperity. Usually those economists are in editorial or media publications. The real economists are the ones that have skin in the game that you don't hear about: the hedge fund, retirement account, commodities, import/export, and currencies managers. Some try to be helpful with genuine education, but sometimes it's hard to read through the noise. Or if they do share some of their insights, some won't reveal the true extent of what they know to protect their own edge.
Me personally. If everything goes to shit like the USD becoming devalued as a less of a reserved currency for oil, dwindling confidence of US foreign politics in relation to its military backing the currency, or likelihood of crypto taking over, there's always the strength of US agriculture. There's still a high trustworthiness of US grain, beans, cattle, poultry, rice and pork. Moreso some south east asian countries refuse to import some Chinese agriculture because of its lack of quality.
People forget that Rome needed Carthage to feed its people. The value of Carthage grain was just as equal to the value of all of Rome's professional non-conscripted legions.
Just wait until Putin goes to a gold backed currency and then forces a gold revaluation (rumor is 1000 barrels for 1oz gold. Do the math based on oil at $100 fiat. HFS, wow)
Pretty sad when he references the blows dealt to a currency that isn't even his, because crashing the USD has a negative effect on the entire world -- not just us.
Why Putin can see it and not the armchair economists is obvious: Putin is a leader looking out for his country, and those armchair economists are paid to destroy theirs
The economists know what’s up, but they are far too vested in the USD to do anything about it.
The ship has been sinking for awhile, there is nothing they can do to get themselves out of this one, no amount of interest rates hikes, so it’s basically who can steal the most, the fastest, before it all implodes.
Agreed. Some armchair economists are paid to sell FUD, or smoke and mirrors prosperity. Usually those economists are in editorial or media publications. The real economists are the ones that have skin in the game that you don't hear about: the hedge fund, retirement account, commodities, import/export, and currencies managers. Some try to be helpful with genuine education, but sometimes it's hard to read through the noise. Or if they do share some of their insights, some won't reveal the true extent of what they know to protect their own edge.
Me personally. If everything goes to shit like the USD becoming devalued as a less of a reserved currency for oil, dwindling confidence of US foreign politics in relation to its military backing the currency, or likelihood of crypto taking over, there's always the strength of US agriculture. There's still a high trustworthiness of US grain, beans, cattle, poultry, rice and pork. Moreso some south east asian countries refuse to import some Chinese agriculture because of its lack of quality.
People forget that Rome needed Carthage to feed its people. The value of Carthage grain was just as equal to the value of all of Rome's professional non-conscripted legions.
Just wait until Putin goes to a gold backed currency and then forces a gold revaluation (rumor is 1000 barrels for 1oz gold. Do the math based on oil at $100 fiat. HFS, wow)