I tried to reply to your comment, Lau, but it bounced back and said to reply in this manner, so I'll repost it here. In any event, thanks for the clarification and distinction. Actually the emphasis on UAE leaving OPEC is very much in the news but new to your essay today. Thanks for your insightful and relevant commentary. Best, Jay ps - in the summer of 1967 I worked as a wrangler on the Cherokee Dude Ranch south of the Wyoming border and made it to Cheyenne for the Rodeo. Quite a show. Hope you are enjoying the community and countryside. j
It's been a crazy couple days but I think I read this post recently or one going into much of the same history and analysis, Lau. As always, even if this is my second read, I appreciate you manner of laying out the background and inferences. Always lucid. Thanks (again).
Honestly all good things come to and end, and while I have no idea of this in particular, often more damage is caused trying to hold on, than forcing the change when more in control.
This is not just a problem for the dollar. By logical extension it's a problem for every single fiat currency in the world. The dollars value is likely to plummet dragging the rest of the planet with it.
I tried to reply to your comment, Lau, but it bounced back and said to reply in this manner, so I'll repost it here. In any event, thanks for the clarification and distinction. Actually the emphasis on UAE leaving OPEC is very much in the news but new to your essay today. Thanks for your insightful and relevant commentary. Best, Jay ps - in the summer of 1967 I worked as a wrangler on the Cherokee Dude Ranch south of the Wyoming border and made it to Cheyenne for the Rodeo. Quite a show. Hope you are enjoying the community and countryside. j
The fact that the U.S. didn't manage to protect the UAE from the Iranian retaliation strikes probably didn't help either.
It's been a crazy couple days but I think I read this post recently or one going into much of the same history and analysis, Lau. As always, even if this is my second read, I appreciate you manner of laying out the background and inferences. Always lucid. Thanks (again).
Honestly all good things come to and end, and while I have no idea of this in particular, often more damage is caused trying to hold on, than forcing the change when more in control.
This is not just a problem for the dollar. By logical extension it's a problem for every single fiat currency in the world. The dollars value is likely to plummet dragging the rest of the planet with it.
Got gold?
(Lots of gold..!!!)