Posted on 04/20/2020 9:09:15 AM PDT by DannyTN
Last I heard, Congress won’t let him.
Some banks are going to end up owning some of the assets at least for a while according to something I saw.
This could have many consequences for the entire economy.
Isn’t the value of the US dollar related to the petrodollar?
What do you call OPEC?
OPEC is a cartel of oil-producing countries.
If they are all at sea, they would be an easy target. Just sayin’.
Yes, in addition oil future contracts expired yesterday or today. Lots of oil tankers acting as storage tankers floating in the oceans. So much for the old BS scare of “Peak Oil”. Enjoy it while you can, what an opportunity for Trump to top-off the US reserves!
I do not think this would effect the petrodollar / dollar relationship, but there are other countries agreeing to exchange local currency for trading which is a crack in the reserve currency.
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