No Profanity *** No Flaming *** No Advertising *** No Anti Trappers ***NO POLITICS
No Non-Target Catches *** No Links to Anti-trapping Sites *** No Avoiding Profanity Filter


Home~Trap Talk~ADC Forum~Trap Shed~Wilderness Trapping~International Trappers~Fur Handling

Auction Forum~Trapper Tips~Links~Gallery~Basic Sets~Convention Calendar~Chat~ Trap Collecting Forum

Trapper's Humor~Strictly Trapping~Fur Buyers Directory~Mugshots~Fur Sale Directory~Wildcrafting~The Pen and Quill

Trapper's Tales~Words From The Past~Legends~Archives~Kids Forum~Lure Formulators Forum~ Fermenter's Forum


~~~ Dobbins' Products Catalog ~~~


Minnesota Trapline Products
Please support our sponsor for the Trappers Talk Page - Minnesota Trapline Products


Print Thread
Hop To
Page 5 of 8 1 2 3 4 5 6 7 8
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Nessmuck] #6849221
04/20/20 06:10 PM
04/20/20 06:10 PM
Joined: Dec 2006
Posts: 494
Underwood,Indiana
M
mask bandit Offline
trapper
mask bandit  Offline
trapper
M

Joined: Dec 2006
Posts: 494
Underwood,Indiana
Originally Posted by Nessmuck
Originally Posted by Coös
I'm not sure there is any other single possible market collapse with the potential to destabilize every aspect of our modern global economy and international relations. Talk about reshuffling the deck. There's some powerful folks that aren't among our friends who might be feeling pretty desperate before too long.



You mean..Warren Buffet might be in line at my house for some bread ? [Linked Image]

Dang !! I would love to have piece of that bread Nessmuck. I can almost smell it , plus the cookies.

Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849247
04/20/20 06:31 PM
04/20/20 06:31 PM
Joined: Nov 2011
Posts: 23,481
New Hampshire
N
Nessmuck Offline
trapper
Nessmuck  Offline
trapper
N

Joined: Nov 2011
Posts: 23,481
New Hampshire
^^^^^^^^^^^ and to think I took up baking 3 weeks ago.....thanks !


It is better to die on your feet than to live on your knees.
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849253
04/20/20 06:35 PM
04/20/20 06:35 PM
Joined: Nov 2015
Posts: 829
Maine
S
SleekOtter Offline
trapper
SleekOtter  Offline
trapper
S

Joined: Nov 2015
Posts: 829
Maine
Originally Posted by Canvasback2
Originally Posted by Marty
Why?



The price of most everything is tied to the price of fuel. The more fuel costs, the more everything costs. The price of everything has gotten too high. Labor costs, construction costs, raw material costs, manufacturing costs have all gone up. We need an economy where our Dollar can buy what it used to be able to buy. I look at the grocery cart when I am at the grocery store , and the bill is almost $100.00 The cart is not even half full !!! Years ago, 1950 to be EXACT !! the grocery bill was $15.00 for the whole MONTH!! Yes, $15 DOLLARS!! They had Milk from the Farm and a big Garden for their vegetables.

You do realize that with inflation, prices are relatively similar? $15 in 1950 is about $160 now. Also, with the amount of money the feds are injecting into the economy to try to keep it afloat it's going to inflate the dollar some more, further devaluing it.

Also, this price drop is only for the contract for the month of May, not for the foreseeable future. If you want the dollar to regain its value then we need to be taking money out of circulation, not printing new money at a record pace.

Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849257
04/20/20 06:38 PM
04/20/20 06:38 PM
Joined: Aug 2011
Posts: 45,261
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,261
james bay frontierOnt.
The Saudis will soon have to tie their oil to a different currency.


Forget that fear of gravity-get a little savagery in your life.
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849273
04/20/20 06:55 PM
04/20/20 06:55 PM
Joined: Jun 2007
Posts: 16,150
Tennessee
Scuba1 Offline
"color blind Kraut"
Scuba1  Offline
"color blind Kraut"

Joined: Jun 2007
Posts: 16,150
Tennessee
Yep its like being 16 again. Dirt cheap gas and i am grounded and got nowhere to go


Let's go Brandon

"Shall not comply" with morons who don't understand "shall not infringe."
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Boco] #6849375
04/20/20 08:01 PM
04/20/20 08:01 PM
Joined: May 2008
Posts: 923
NW Oklahoma
O
Okie Farmer Offline
trapper
Okie Farmer  Offline
trapper
O

Joined: May 2008
Posts: 923
NW Oklahoma
Originally Posted by Boco
The Saudis will soon have to tie their oil to a different currency.


At least someone is paying attention.


People are loosing their jobs here every day because of the low oil prices being celebrating in this post.

Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Okie Farmer] #6849390
04/20/20 08:14 PM
04/20/20 08:14 PM
Joined: Dec 2006
Posts: 17,548
Rodney,Ohio
SNIPERBBB Offline
trapper
SNIPERBBB  Offline
trapper

Joined: Dec 2006
Posts: 17,548
Rodney,Ohio
Originally Posted by Okie Farmer
Originally Posted by Boco
The Saudis will soon have to tie their oil to a different currency.


At least someone is paying attention.


People are loosing their jobs here every day because of the low oil prices being celebrating in this post.



That area of the world has been talking about going off the petrodollar for years.

Re: YES OIL IS CRASHING !!!!!!!!!! [Re: SNIPERBBB] #6849440
04/20/20 08:58 PM
04/20/20 08:58 PM
Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
Not going to be good for any real commodity in this market as oil has been a driver for decades. There will be some real major adjustments if the dollar is not the oil price currency as that will impact hugely on the USA's major exports, Ag stuff, defense stuff etc. etc.

Bryce

Re: YES OIL IS CRASHING !!!!!!!!!! [Re: bblwi] #6849470
04/20/20 09:31 PM
04/20/20 09:31 PM
Joined: Oct 2009
Posts: 3,635
Pottawatamie co. IA
LLtrapper Offline
"The Coon Combine"
LLtrapper  Offline
"The Coon Combine"

Joined: Oct 2009
Posts: 3,635
Pottawatamie co. IA
Originally Posted by bblwi
Not going to be good for any real commodity in this market as oil has been a driver for decades. There will be some real major adjustments if the dollar is not the oil price currency as that will impact hugely on the USA's major exports, Ag stuff, defense stuff etc. etc.

Bryce


In a spot that the world is in, food could be the real commodity. LLL


Isaiah 51:6 But my salvation will last forever, my righteousness will never fail.
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849473
04/20/20 09:33 PM
04/20/20 09:33 PM
Joined: Sep 2014
Posts: 4,738
carolina, Alabama
The Possum Man Offline
trapper
The Possum Man  Offline
trapper

Joined: Sep 2014
Posts: 4,738
carolina, Alabama
Maybe we should air drop em some of those pigs farmers are having to cull.


"If you're gonna be stupid you better be tough"
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849509
04/20/20 09:58 PM
04/20/20 09:58 PM
Joined: Oct 2018
Posts: 5,570
Dunbar, Wisconsin
P
Pike River Offline
trapper
Pike River  Offline
trapper
P

Joined: Oct 2018
Posts: 5,570
Dunbar, Wisconsin
Here's the last 10 years of the BDI

Some feel that this index is a good forecast for longer range predictions.

[Linked Image]

Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Pike River] #6849515
04/20/20 10:04 PM
04/20/20 10:04 PM
Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
Delivering food to 3 billion low income world citizens with no resources and very limited ways of storing anything that needs freezing, refrigeration etc. which means we would really need to retool our food processing to can meat again instead of keep cool or froze. Which means that much of what we eat here or consume would need to be processed totally different and that will take time.

Bryce

Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849525
04/20/20 10:16 PM
04/20/20 10:16 PM
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
As AOC would say "YOU JUST MAKE IT HAPPEN"!!!!! Wah lah...
Canning meat ain't a bad idea. Maybe the UN would pay US producers to feed the billions of starving who have no way of paying for it.....
I have canned beef and canned turkey...


Life ain't supposed to be easy.
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Okie Farmer] #6849539
04/20/20 10:37 PM
04/20/20 10:37 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,124
McGrath, AK
Originally Posted by Okie Farmer
Originally Posted by Boco
The Saudis will soon have to tie their oil to a different currency.


At least someone is paying attention.





Not in our lifetimes or our kids' lifetimes.

70% of the countries in the world peg their currencies to the dollar.

More than 60% of all foreign bank reserves are held in dollars.

Over 40% of all debt in the world is denominated in dollars.

As long as individuals, businesses, and governments are seeking relative stability, this relationship won't change.

As much as China would like to replace the dollar, this virus has only served to push up the value of the dollar on world markets because everyone is seeking the safe haven of dollars and dollar denominated assets.

All bets are off if those who believe in Bernie and fellow travelers ever get control of this country. Left wing policies would likely end what stability now exists in the world.

At that point, everything is finished


Mean As Nails
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849558
04/20/20 11:04 PM
04/20/20 11:04 PM
Joined: Aug 2011
Posts: 45,261
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,261
james bay frontierOnt.
It will happen sooner than you think-the US dollar is now puff from all the printing of debt backed dollars driving down the dollar value of oil as can be seen by the way oil is going.It used to take 10 beaver pelts to buy a barrel of oil,now it only takes one.


Forget that fear of gravity-get a little savagery in your life.
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849570
04/20/20 11:14 PM
04/20/20 11:14 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,124
McGrath, AK
Then explain to me why money is flowing into US treasury instruments from all over the world....which is actually driving UP the value of the dollar....not down. A stronger dollar depresses the price of oil and your beaver in dollar terms.


Mean As Nails
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849580
04/20/20 11:19 PM
04/20/20 11:19 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
You don't suppose British people thought the Pound would remain the reserve currency?

You're fooling yourself Ken. The dollar is teetering, how many trillion do you think will be printed in the next 24months?


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849586
04/20/20 11:23 PM
04/20/20 11:23 PM
Joined: Jan 2014
Posts: 20,914
North East Kansas
Marty Offline
trapper
Marty  Offline
trapper

Joined: Jan 2014
Posts: 20,914
North East Kansas
China rolls out for the world to see the largest collection of physical gold on the planet and declares its new global currency is backed by gold.....you too can have some if you just kneel.


E
'Honey Badger Militia'
Sleep, the anti woke adote.
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849608
04/20/20 11:41 PM
04/20/20 11:41 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,124
McGrath, AK
The British economy, after two world wars, was no longer large enough or strong enough to maintain the pound as the reserve currency. They were a debtor nation with a sick economy. They never recovered.


I understand the debt issue Steven. And I'm sure we will print more but the fact is that the world is actually suffering a shortage of physical dollars and that is part of the reason for the dollar's strength. People the world over want dollars in their hands.

As long as US Treasury securities are in demand by individuals and governments all over the world, the dollar will remain the reserve currency. Treasuries are the safest store of money in the world

That isn't going to change as long as the world sees that the US recognizes its responsibility for stable economic and financial markets and outcomes.


Mean As Nails
Re: YES OIL IS CRASHING !!!!!!!!!! [Re: Canvasback2] #6849618
04/20/20 11:55 PM
04/20/20 11:55 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
I agree with your last statement. As long as there is confidence in the dollar we will be ok. Once confidence is lost it's over. I think we are getting there. Interesting you should say that Britain was a debtor nation before it lost it's reserve status

I was thinking we'd see 10 trillion in new money, we will surpass that. They are lining up to pass another stimulus, this is nuts


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Page 5 of 8 1 2 3 4 5 6 7 8
Previous Thread
Index
Next Thread