Is this really a bad thing to kill the petro US Dollar?
We did just fine without it before the 70’s. It just replaced bullion since bullion was getting scarce, To me there has been a long term negative effect on our dollar dealing in petro and fiat dollars and being the reserve currency. Its called devaluation.
Personally I think it will be ggod for the USA in the long run. First step in a painful refurb of our currency here. Economics 101
Desired and hard to get products increase in value. Petro dollar is a hedge against a product that is converted into consumables. (Nothing left in the end) zero sum end value.
It's a good thing that it hurts the deep state but it's gonna hurt the average American far more. The deep states aim is to destroy America even if they take a black eye from it they know this will be a deathblow to you Americans.
Is this really a bad thing to kill the petro US Dollar? We did just fine without it before the 70’s. It just replaced bullion since bullion was getting scarce, To me there has been a long term negative effect on our dollar dealing in petro and fiat dollars and being the reserve currency. Its called devaluation.
For everyone outside the USA, it’s fair and loooong overdue. It also pisses off the Fed sharks, which is good for real American people.
Personally I think it will be ggod for the USA in the long run. First step in a painful refurb of our currency here. Economics 101
Desired and hard to get products increase in value. Petro dollar is a hedge against a product that is converted into consumables. (Nothing left in the end) zero sum end value.
It depends on how big the house of cards is that has been built on the petro-dollar.
Pretty sure it's big.
It's a good thing that it hurts the deep state but it's gonna hurt the average American far more. The deep states aim is to destroy America even if they take a black eye from it they know this will be a deathblow to you Americans.
Gold standard ended August 15 1971
Yup! Traded gold for oil in a sense.
Yup! Traded gold for military protection