Posted on 02/26/2022 9:06:40 AM PST by elpadre
Yup.
I explained this to some at the local watering hole yesterday.
Back in the last election oil was around 45 to 50 a barrels if I remember right.
Today, Russia is getting double or more and it is in inflated dollars.
We are funding his invasion to an extent. Fell like a sucker yet? I do.
Name the time I will name the place.
You up for it tuff guy?
Yep.
All of this can be prevented and begin to hurt Russia just on the news of us opening up our drilling and mining again.
Oil will drop before we pump a single gallon out.
But I doubt the Left will do it.
Name the time and you’ll find out.
That is exactly what I thought.
Its not that we are in great financial shape, its that the rest of the world is awful.
Um, no.
There is no Chinese-Russian International system. No one meaningful is part of it. The Western world controls the global banking system, money markets, and trading system. Russia’s small economy cannot dislodge it. Even throwing in China, the west is still far larger.
Senile Joe doesn’t control the US dollar’s stature. The Dollar and the Euro control 95% of the global reserve currency. And yes, it is accepted as currency in many countries and many others have adopted it as an alternate or full currency. Neither the Ruble nor the Renminbi have that power.
Pooty’s done.
The poster isn’t wrong. The Dollar is BY FAR the largest global reserve currency. The purchases of dollars has not declined. It still runs the show.
Well Mr coward, you know it all.
Go back to primary school and learn about longitude, Troll.
You need to get that yellow off your back.
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