Saudi Arabia may go broke before the US oil industry buckles
- Thread starter Twila
- Start date
Most of China's manufacturing has been for US consumption. And they didn't do such a good job at it either.
Now they will turn and develop itself and India as its own market, that has a far bigger potential then N. America.
These sh^tholes haven't been able to develop a market in the past 1000 years, what's changed??
That is because the US buys the crap to sell to the US Citizens. China produces quality items for their own people and valued customers like everybody except NATO countries.
Big spread on LNG prices tho.
Hahaha quality products????? Like the milk they produced that killed thousands hahaha, good one dude!!
China is not stupid, it knows who butters it's bread,,,the USA!!
I've never been quite able to understand the recent policies of OPEC. In the case of Saudi Arabia it clearly makes for sense to sell 5 million barrels of oil a day at $100 a barrel than 10 million barrels a day at $30. One day I expect OPEC will figure it out.
Their faith in the American dollar's value, and the American ability to pay all those IOU's with anything real of true value.
Why else would they stop using the petro dollar and use their own yuan to buy oil?
Because it a currency war. It's not as simple as you make it out to be.
It's all about their interruptation of the supply/demand economic model. They want the high cost producers otta the picture.
The US has something like 40% of all the wealth in the world. No problem for the US,
That wealth or value is based on the demand of the green back, as being in high demand for being used as the world trade reserve for purchases between most countries on the planet.
That also means the American wealth would drastically drop if that global demand for green back dollars would fall, if countries decided to stop using American money to buy and sell goods internationally.
As China is the highest importer of American money in the world, it showing signs of wanting to walk away from the green back doesn't bode well for the value of US dollars.
You're a dreamer, get over it!!!
The US is the most powerful, the most educated, the most democratically experienced, the one with the longest history of success, the one where people die to enter, of ANY country in the whole wide world.
Get as many green backs as you can if you want a good retirement.
As long as the world continues to use American money for world trades, you guys will remain on top. How long this will last is guess work.
It will last forever and it will continue to bail out other sh^thole countries like Russia.
When was the last time you saw sh^tholes like India, China or Russia bail out another country???
You gotta learn to face reality.
Especially with the huge trade deficits that have continued and show no signs of stopping.
Basically that means American money is leaving America, but no one is using that money to buy anything back from America. How long can you keep flooding the world markets with paper IOU's until the whole world is saturated with them and it loses all value?
Basically that means American money is leaving America, but no one is using that money to buy anything back from America. How long can you keep flooding the world markets with paper IOU's until the whole world is saturated with them and it loses all value?