Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Nessmuck]
#6849221
04/20/20 06:10 PM
04/20/20 06:10 PM
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Joined: Dec 2006
Posts: 494 Underwood,Indiana
mask bandit
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trapper
Joined: Dec 2006
Posts: 494
Underwood,Indiana
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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 ? Dang !! I would love to have piece of that bread Nessmuck. I can almost smell it , plus the cookies.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849247
04/20/20 06:31 PM
04/20/20 06:31 PM
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Joined: Nov 2011
Posts: 23,481 New Hampshire
Nessmuck
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trapper
Joined: Nov 2011
Posts: 23,481
New Hampshire
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^^^^^^^^^^^ 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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849253
04/20/20 06:35 PM
04/20/20 06:35 PM
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Joined: Nov 2015
Posts: 829 Maine
SleekOtter
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trapper
Joined: Nov 2015
Posts: 829
Maine
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849257
04/20/20 06:38 PM
04/20/20 06:38 PM
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Joined: Aug 2011
Posts: 45,261 james bay frontierOnt.
Boco
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Joined: Aug 2011
Posts: 45,261
james bay frontierOnt.
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849273
04/20/20 06:55 PM
04/20/20 06:55 PM
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Joined: Jun 2007
Posts: 16,150 Tennessee
Scuba1
"color blind Kraut"
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"color blind Kraut"
Joined: Jun 2007
Posts: 16,150
Tennessee
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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."
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Boco]
#6849375
04/20/20 08:01 PM
04/20/20 08:01 PM
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Joined: May 2008
Posts: 923 NW Oklahoma
Okie Farmer
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trapper
Joined: May 2008
Posts: 923
NW Oklahoma
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Okie Farmer]
#6849390
04/20/20 08:14 PM
04/20/20 08:14 PM
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Joined: Dec 2006
Posts: 17,548 Rodney,Ohio
SNIPERBBB
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trapper
Joined: Dec 2006
Posts: 17,548
Rodney,Ohio
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: bblwi]
#6849470
04/20/20 09:31 PM
04/20/20 09:31 PM
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Joined: Oct 2009
Posts: 3,635 Pottawatamie co. IA
LLtrapper
"The Coon Combine"
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"The Coon Combine"
Joined: Oct 2009
Posts: 3,635
Pottawatamie co. IA
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849525
04/20/20 10:16 PM
04/20/20 10:16 PM
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Joined: Dec 2006
Posts: 21,536 Sandhills Nebraska
Gary Benson
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trapper
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Okie Farmer]
#6849539
04/20/20 10:37 PM
04/20/20 10:37 PM
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Joined: Mar 2007
Posts: 35,124 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,124
McGrath, AK
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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
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849558
04/20/20 11:04 PM
04/20/20 11:04 PM
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Joined: Aug 2011
Posts: 45,261 james bay frontierOnt.
Boco
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trapper
Joined: Aug 2011
Posts: 45,261
james bay frontierOnt.
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849580
04/20/20 11:19 PM
04/20/20 11:19 PM
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Joined: May 2010
Posts: 10,421 mn north of blakely
Steven 49er
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Joined: May 2010
Posts: 10,421
mn north of blakely
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849586
04/20/20 11:23 PM
04/20/20 11:23 PM
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Joined: Jan 2014
Posts: 20,914 North East Kansas
Marty
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trapper
Joined: Jan 2014
Posts: 20,914
North East Kansas
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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.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6849618
04/20/20 11:55 PM
04/20/20 11:55 PM
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Joined: May 2010
Posts: 10,421 mn north of blakely
Steven 49er
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Joined: May 2010
Posts: 10,421
mn north of blakely
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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.
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