Originally posted by skyshowDoes a weaker dollar cause oil to go up or does oil going up cause a weaker dollar? Likely, the answer is
"yes"...but seriously, does anyone know what is really driving what here?
Trade imbalance. IOUs back by what?
Once upon a time those IOUs meant gold held in reserve some where. Unless that reserve is robbed in time of war, your IOU was safe and secure. The
certificate you used to represent the bushel of apples you traded for a bushel of carrots would always be worth a bushel of carrots, or a bushel of
apples, today or tomorrow. Originally. Essentially. Or rather, ideally that is how it should have worked.
Foreign currency values were equalized on the price each were willing to pay for an amount of gold. Stable, but limiting. Then along came the IOU
game. That's what happened when we went off the gold standard. And that's when all the big time cheating started. That is when everyone became
enslaved.
If any of you truly, and I mean really truly, and not that fake kidding around truly (ha), understood the way this stinking game is really played now,
you of course would be quite really truly wealthy today. And if not, then you either don't understand and thus not, or like many others, you simply
prefer to pursue other desires.
Unfortunately, however, once all the world currencies went off the gold standard, the value of your currencies have now become the value of YOU! When
we went off the gold standard, everyone became a slave, spare those of course that own all the money, all those IOUs.
Each of those currencies are really slave certificates now. Each represents the fluctuating value of your hide, your slave value. And your slave value
is declining, fast. The people around the world are loosing faith in the value of your kings slaves. You! And good gawd, does anyone really realize
how much of them IOUs your king has printed, and tossed around the world?
As your slave value declines, those you trade with will demand more and more promises, more IOUs, from you, as the risk of doing so increases as the
value of your IOUs, your dollars, declines too. Thus the prices of anything and everything, regardless if made here or imported, will rise.
Think of it as the financial kill shot in monopoly. Your opponent mortgaged everything for fists of cash. Then he had a party and everyone lived it up
and had a good time! At the expense of the rest of the world. Now your opponent has landed on Boardwalk, which he does not own, and he needs more oil,
or whatever he imports. However, he has nothing more to mortgage, nothing more to trade, and nobody wants any more of his IOUs.
When it finally comes, the perpetrators will flee to their preestablished secret havens. It won't really matter though if even you knew to where to
find them. You won't be able to get there. Not with chaos and starvation breaking out everywhere. We'll all be worrying about who is out to get us.
You'll be running from foreigners too, holding dollars representing you slave labor.
Funny thing, none of this really has anything to do with running out of oil, or the price of it. Not even anything to do with any illuminaughty, or
secret society, or world domination. Not even the trade imbalance. Nor all of the cheating. Nope. I would think all the kings would prefer the game to
go on. Thus, all this pending doom could have something to do with others wanting all this stopped for other less selfish reasons. There are benefits
in crashing all economies world wide. Seeing oil at $500 a barrel would make me smile.