Indeed. If you go to any of the bloggers who track these things accurately, you can find an overlay of fluctuations int he dollar with fluctuations in the cost of crude. It is nothing less than stunning how nearly perfect of an inverse ratio they hold. When one goes up a half a handle, the other goes down about the same amount. And it plays out over months and years.
Let’s keep in mind that those who are in charge are fully aware of this. They know that the WOT was based partially on an interest in keeping the flow of oil going, because they know that oil (cheap energy) is the lifeblood of western civilizations. Shut down that flow and you return western civilization to the dark ages.
They are trying to do so in a controlled process. But government NEVER has the control they think they have, which is why planned economies ALWAYS fail.
I have not changed my tag in a long, long time and do not plan to change it. It is the single most important message I can try to convey at this point.
I wonder why the yield of long US treasuries have not gone up at all, and why the USD has been strengthening against all major currencies for over a week....
Agreed.
But WOT is expensive.
So our “cheap” energy is not a cheap as we like to think it is. It costs us dearly in young lives and treasure. There is more to the price of energy than what you see at the pump.
We need to become energy independent as quickly as possible. Been saying that for over 10 years now. Our survival depends on it.