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@VictorCleaner @PopescuCo @CNBCi OLD QUOTE: ...Mr. Junior, Be very sure to understand this: They can "stand cheap oil prices". But, it is the loss of having the US$ removed as the "world reserve currency" that makes them "fight" a lower oil price, and the new "world oil currency" that it would bring...
@VictorCleaner @PopescuCo @CNBCi ...Bring this thought into focus and you will understand why Iran and Iraq did fight so long. And why Iraq invaded. The warships are an attempt to keep prices from "falling"! You think long and hard on this!"
@VictorCleaner @PopescuCo @CNBCi ...Look now and see if the US dollar does not "fight" for a high oil price! In every way, the question of supply disruptions is shown as the need for other suppliers. But, other suppliers cannot produce at a lower price?...
@VictorCleaner @PopescuCo @CNBCi ...If the gulf states are allowed to bring oil "down" to it's true "fair" production price, in terms of a "correctly higher revalued" gold price, the US dollar would no longer be priced and backed by oil... Any paper trading currency would do...
@VictorCleaner @PopescuCo @CNBCi ...I would say, "if the Euro is strong in gold, and crude oil is allowed to be devalued by gold at $10,000 to $30,000, then all other paper currency reserves held against the EURO would be , "for show?"
@VictorCleaner @PopescuCo @CNBCi The world is going off the dollar standard as the dollar is going off the oil standard.
