Quote:
Originally Posted by Truthsayer
I am sure someone is looking out for the dollar.
Last time I check, the dollar hasn't crashed yet.
Damn, the dark forces are getting sloppy.
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hate to rain on your parade yet again Truthsayer.
If you look at the markets at the moment, oil is dropping fast ,it went from $147 dollars a barrel and now there is real talk of it going down to $50 dollars a barrel.
Wow that is great I hear people say.
Oil around the world is generally paid for in US dollars, so if a country like Iceland wanted to purchase oil, it would first have to purchase US debt, giving money to the US economy and in return Iceland gets US dollars to buy oil.
Iceland is now bankrupt, it cannot purchase US dollars so it can't buy oil.
1 country is now out of the equasion, imagine many countries around the world going into severe recession with less people working and therefore the amount of oil required drops too, the more the demand drops, the less US debt that is purchased, the less debt purchased, the less income for the US.
That means that public works get reduced and business gets crippled, The goverment prints more and more money trying to keep your economy going.
This causes something called hyper inflation and you find that you will need a wheel barrow to carry your money in to buy a loaf of bread.
The other side effect on this is that the Middle east countries start to feel the pinch as well, they are no longer making the same amount of money now due to reduced demand and lower prices.
That is why OPEC are frantically trying to get together to try and increase prices by reducing supply.
The more who supply the oil will be trying to undercut their competition to make sure they get the deals.
do you still think the dark forces are getting sloppy?
Or have you just got a little side tracked and missed the forrest for the trees?