A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. [Credit: Reuters/Jo Yong-Hak]
Let’s see...choices.
1. Prop the dollar higher to keep oil nearly imperceptibly lower, kill remaining exports and make the monstrous debt even harder to pay. That would bring our collapse sooner.
2. Or allow the dollar to equalize with our trading partners’ currencies to put off our default and western collapse processes a little longer.
Ugly choices.
What is the relevance of Brent crude? Do we even buy it?