Wednesday, April 15, 2015

The Downfall Of Petrocurrency Mercantilism

Here is the system currently in place, the one which has required the US to destroy Iraq, Libya, and Iran to keep propped up:


As we said back in February, “...few actually grasped the implications of what plunging oil really means in a world in which this most financialized of commodities plays a massive role in both the global economy and capital markets, not to mention in geopolitics, with implications far, far greater than the amateurish ‘yes, but gas is now cheaper’ retort." In the end, the real question may be this: what happens socially and politically in EM oil producing states when, after years of depressed prices, the coffers finally run dry?

http://www.zerohedge.com/news/2015-04-15/collapse-petrodollar-oil-exporters-are-dumping-us-assets-record-pace


Hmmm ... I would guess this is why the US is running domestic COIN drills and buying up millions of rounds of ammo to be used to shoot its own people.


What do YOU think?

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