Powell: “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar”
(theconservativetreehouse.com)
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Having read every comment I get that 80% of people still dont get the financial shit. Here is my simplified version of today,s markets.1. Every country needs oil gas etc for power. 2. US was self sufficient even exporting under Trump. 3. Thanks to Biden shutting down the Keystone Pipeline etc etc the US is running out of energy. 4. So all the countries that have it will not sell it for worthless US dollars. 5. They want Rubles or Gold .This will bring down the petro dollar system. 6. This will be good for everyone.7. This will take down the cabal.
Please, please, please, I beg of you, READ about the pipeline. This line is old and tired and has been debunked on this site a million times… the portion of the pipeline that “shut down” according to the less educated here, was never actually functioning… it was a new line that would decrease delivery times marginally in 2024, the legs that were functioning 2016-2020 are still functioning today. Any price instead from the halt of keystone pipeline construction is speculation, not real increases cost of delivery. There are so many problems with our current energy production but the keystone pipeline literally have nothing to do with it.
As for the ruble, let’s see how it looks a year or two from now before we start proclaiming it the savior. It’s not being lended out which is giving it artificial strength, which leads to some of their exported goods being priced out of international markets (China is already manipulating the exchange to try and compensate for this problem, but other countries obviously won’t be so kind). The war may be inflating their currency value today, but if they lose China as a trade partner they are in massive trouble.
He did repeal leases and stopped a lot of pumping domestically. Even with the pipeline deal Biden did a lot to cause these issues.
I agree, but the pipeline is a such an overplayed line that has no bearing in reality.
No, it moves the flow from a round-about path through ND and SD to instead flowing through Montana to A meet up in Nebraska.
https://en.m.wikipedia.org/wiki/Keystone_Pipeline
FOOL