lb
This is post ignorant.
#1. The US dollar is FIAT. It is not based on Oil in the same way that the US dollar WAS based on Gold.
#2. Gold is a commodity just like Oil.
notable
I notice anons do not have a clear understanding of how markets work and what they are cheering for. This is a great post to help others understand how oil actually works.
Also here is a link to understanding how Petro-Dollars work.
https://www.investopedia.com/articles/forex/072915/how-petrodollars-affect-us-dollar.asp
POTUS did not crash it… the crash of the price of oil is a natural outcome of everyone stopping during the quarantine. You need to re-read the post my post directs to.
you have no clue what you are talking about, and need to stop pretending… nothing is being manipulated right now. The world has a huge surplus of oil because everyone is doing nothing.
Reserves are full, and no one has room to park oil for the time being. Hence why the price of oil is trading negatively.
Why do you comment on something if you do not understand how it works?
As for making petro-dollars irrelevant… it doesn't matter. Oil will always be priced according to something. Why everyone is obsessed with Petro-Dollars right now on the board is beyond me.
>What if all the wars we've waged was solely intended to keep oil high?
Oil has been shit since 2014… so why crash it now
>What if a lot of the spending on those wars was also feeding the DS coffers and black ops?
I agree that this is likely. But please explain why Obama did not create war to keep oil high.
>What if many of the futures contracts and derivatives and all the other paper instruments revolving around oil were ways to wash money and profit from the wars and US military spending over the decades?
I agree that this likely was happening. Like on every market.
>What if today's purge just wiped out all or most of the DS wealth and bank accounts and their oil game was just snuffed out?
I am a little astonished by the ignorance of this statement. The deep state has deep pockets and widely invests across many sectors in many markets. The price of oil is merely a hiccup.
>WHAT IF THIS WAS PART OF THE PLAN?
Part of whose plan. If the deepstate released the wuflu then they knew this was coming. Which means the deepstate planned for this.
Way to take my comment out of context. You think oil should be holding high right now? Anyone with half a brain saw this oil crash coming.
are you drunk anon?
Where in the Anons post do they mention this is how it is going to be for eternity?
You made a whole post trying to make others wrong instead of reading what they wrote. Tragic.
Totally agree…. there is no where to park the oil right now. Kind of like in 2014 when tankers were in a holding pattern on the ocean.
I stated the "price of oil" because I am not sure most people understand what futures are.