[foundedonpurpose]

At this point does it matter? The only hope for time that I see is that we still have 300 mil consumers. Because of that, our dollar gets grace, as the politician’s in various countries want their business’s to sell to the US consumer to keep their economy going as well. Very ugly long term for sure.

[ckilmer]

The effect of adding nearly 1 million barrels a day every year for the next 7 years or so—as has happened for the last 3 years— will be to backstop the dollar.

You absolutely cannot underestimate what oil independence will do to the US financial system.

[hinckley buzzard]

One reason the dollar gets grace is that the US has 8000+ tons of gold reserves, according to the world gold council. More than twice the next largest holder of the precious metal.