Too deep?

I just toss out provocative ideas, hoping to stimulate the people. I guess if I would just learn to focus on the superficial and transient things and learn to get all excited about every little thing then I could fit in better.

 Its an interesting article, of course with no references as usual.  So while I know some of it to be true, its still an opinion piece.  

 Our economy will have to adjust.  A big part of that is changing our consumer habits and not blaming politicians and economists for everything.

Eegore wrote on 12/18/17 at 08:20:19:


Opinions are worth what they cost. They are not always supported by reference material,and if they were, what references support the reference?
At some point we have to use what we know and hold it up and look at the events of the day Through that lens.
The problem is the people who have no real knowledge and understanding of the federal reserve deciding their opinion matters. Or they don't respect the opinions of the people who do know.

Of course, predictions, Especially predictions about the future, are, well, hazardous to say the least.

Things can change, and Seeing the direction and likely outcomes isn't limited to mere observers. Policy makers see and can make changes.

Knowing HOW the Petrodollar came to be is important.
Who is surprised to find that for decades All oil sales were done in dollars?
How is that even reasonable?
It's GREAT for America, because it creates a market for dollars, which makes selling t-bills a lot easier.

That has propped up our economy.
The trade deals hurt us.
If we lose the Petrodollar advantages
We're going to be in a world of hurt.

Can anyone name two middle east countries that announced they were going to stop accepting dollars for oil?

That's not a trick question.

Iran, Iragi, and extra point, Venezuela  

euros eh.....haha.

Jog, as commerce becomes more global, it will be so much easier to trade with one standard currency.
In reality the will stabilize so much of the variables and allow forecasting to be more accurate.

It will also lead to a one world order.

A one world leader, and....... well, you know the rest of the story  

PS: One of the jets I help build, its B deck, under the main passenger cabin, makes more money than the main deck.
It is a freighter and passenger jet wrapped into one.
It can be totally loaded and unloaded faster than it can unload/load people.....
You know why, its because of the global trade, it is getting cheaper with automation, etc, and products of perishable nature no longer are local commerce generators, its truly a world wide market.

It will be soon you can order a pizza from a small little diner in remote Italy, and have it delivered within hours, I kid you not.
All shipping will be computer generated with instant determination of choices to get a product from point A, to point B, as quickly as you want to pay for it.

It is a gold mine awaiting to be utilized to its potential.          

 When I refer to references I think of things like:

"Chinese government recently announced a new mechanism that will allow oil producers anywhere in the world to trade oil for gold"

" A few years ago, Saudi oil made up over 25% of Chinese oil imports. They were Beijing’s No. 1 supplier. Today, the Saudis’ market share has dropped below 15%."

 Especially from Zerohedge as it has historically posted Russian propaganda and is owned by Daniel Ivandjiiski who was exiled from Financial Industry Regulatory Authority due to insider trading.

 The article reads well but the source is not exactly credible, he never has been.

http://bulgariaanalytica.org/en/2016/06/26/zero-hedge-%D0%B2%D0%B5%D1%87%D0%B...
http://streetwiseprofessor.com/?p=8947
https://krugman.blogs.nytimes.com/2015/09/21/nutcases-and-knut-cases/