Loading ...RUBLE OIL GOLD MATH
This is a complex Issue but one we must get our heads around. This guy Explains
US and its allies ratcheted up the economic warfare last month with the decision to freeze Russia’s central bank overseas reserves, an event we believe will be remembered for decades as lighting the match that accelerated the US$’ ultimate demise. We have said that the events of 2/26/22 have likely ended the Petrodollar System in a manner similar to how Nixon removing the gold backing of the US$ ended the Bretton Woods System.
https://3circleinvestments.substack.com/p/quick-oil-to-gold-ratio-math?utm_source=twitter&s=r
Russians love chess. The west is getting played, and none of our leaders seems to be aware of what is unfolding.
and what about the other + 90 % of world trade items in USD ? And other countries’ will pick up the oil slack so it is a non issue. Wheat, copper…. everything is still in the dollar, nothing has be dethrowned.
If a country produces large amounts of the worlds commodities, and those commodities can’t be replaced, then customers will satisfy the producer’s demands. If those demands are the use gold or rubbles as the form of settlement, so be it. That will drive up the value of both, and reduce the value of competing settlement mechanisms.
Well said Strider
Lots of uranium in Sask, tons of copper in South America, gold coming out of Canadas’ ears, oil everywhere, PALLADIUM can go back to plat for converters which are ending anyhow with the ev move. Wheat is about the only thing we will be shy of and that is still in USD. Sure thingt they are snubbing and that is all Klaus and the hate for oil. Canada is on the chopping block too. According to Armstrong, 70 % of physical USD cash is outside of the USA and do we expect them to turn in it for rubbles tomorrow? Most emerging market debt is USD, I just do not see the logic of assuming that the dollar rotates 100% in regards to oil. As far as a gold standard goes, Spain had all the silver in the world and what good did it do them, they still went tits up.
If there is so much of everything, why is everything getting so expensive. Take away thirty percent of supply, and anything will go up – even sand.
Lockdowns done on purpose or not screwed up the supply chain, gov’t red tape, war on oil by Klaus gang , war drums pushing people to flee and rebuild, Peeps fleeing to republican states push the building sector up, low rates, suppliers know the game and raise prices, baby boomers are cashing out and spending ie: motor home sales are hot…. condos.. land. Interest rates rising forcing many to get off the pot and buy. Currency differentials add to price of imports , gov’t paying peeps to sit at home making a lobour shortage. Years of poor secondary trades education along with high schooling costs, a whole list of things converging at the same time. If our leaders want oil they could ok pipelines and drill but they put up the road blocks, they do not give a shit about Russian oil, the people will suffer is the sad part of all of this. Trudeau today is phasing out gas cars and trucks, by 2035 we will not be able to buy a gas motor in Canada. The cure for high prices is high prices, yield curve says recession very soon so oil demand will slow. I just want to leave Canada and sit on the beach and let it all happen as I cannot change it. No more sidewalk weekend protests for me anymore, peeps just give the finger now because my flag is not blue and yellow, their demise will be well earned.