The want to crash the greenback, make us beg for new IMF tokens.
“They want to crash the greenback, make us beg for new IMF tokens.”
Actually, if we get out of this mess at even $300, I’ll be happy.
The way I see it, the cut-off of Mid-East oil (which will hit mid-March) will drive the price up to $300, maybe a bit more...then it will sloooooooooly drop as demand and supply shift to compensate.
But also, even without a cut-off of supply, the crash of the dollar will have us paying $300 also (basically, the dollar will lose two-thirds of its value in the world market).
If the two are put together, then we’re looking at $900 oil, or about $25 per gallon. Hard to believe, but they’ll have to add a digit to the pumps again (like when we broke the buck on gas).
Obviously at that price, big, big changes are in store for the United States and they will NOT be fun. But we will get to experience how the Third World lives...which has ALWAYS been the goal of Democrats and school teachers (I couldn’t help adding that one).
How long we stay in that mess and what we look like long-term is anyone’s guess. We have the ability to be the freest country on the planet, but if we spend our time blaming “Big Oil” we will not get anywhere...and may not pull out.
So, stock up now, on EVERYTHING. Prepare to ride out a storm that is still unimaginable for 99.99% of the country. It will be quite a journey.
(I’ll put this post into my profile page)