It's alright, John. Let's just leave it as is. I'll respond to that comment here.DaKardii wrote: ↑Wed Jan 20, 2021 5:34 pmThe post you moved is still here.John wrote: ↑Wed Jan 20, 2021 5:33 pm** 20-Jan-2021 World View: Jumping posts
Sorry. I moved the wrong post, but moved it back again.Cool Breeze wrote: ↑Wed Jan 20, 2021 5:27 pm> The conversations are hard to follow because I think the responses
> and jumping from thread to thread.
Still, it would be very helpful if you didn't call someone a woman
just because he disagrees with you. If you didn't do things like
that, then I would have to move posts.
First off, the petrodollar is real, and it's about what de facto backs the dollar. I say "de facto" because it's not official policy. Rather, it's a system that serves as a defense mechanism (and probably the primary defense mechanism) against speculators who wish to undermine the dollar's value because of all the debt that's behind what is a de jure fiat currency. What happens if that defense mechanism goes away? What happens when a currency is backed by nothing but debt and economic theories cooked up by college professors who may or may not know what they're talking about, especially for an extended period of time? Also, do the same rules apply to cryptocurrencies? You tell me.Cool Breeze wrote: ↑Wed Jan 20, 2021 5:13 pmFalse. Just like your BTC fear porn. I'm not against precious metals and have some, but you can't eat them or do anything with them, and if the situation is dire, they are pretty much just as useless as anything else that you claim will be "gone". And silver at that point is even more practical than gold on many levels. The issue is that metals won't increase in value very much, although they will increase, but relative to BTC they'll be orphans - and there are many reasons why.
Conspiracy theorists talking about the Petrodollar system have been deluding people for years. Martin Armstrong discusses the silly topic in many places, but here is a morsel for your edification:
As usual, fear porn reigns and I have to set people straight. The issue is never that any of you are totally wrong, it's that you talk out of your ass and without reason, exaggerate, etc which is what emotional people do (also scared people, or hucksters) ... no wonder Burner calls you names like "woman."I have explained that there is no PETRODOLLAR. This is completely bogus. I really do not understand how they can keep saying this factually incorrect information to get people to hand them their life-savings. The oil and gas drilling sector make up between 4.6% and 6.5% of the global economy. That is it. How can you call this a “PETRODOLLAR” by any rational means?
And second, sure I can get emotional at times. That's not a gender issue. Some people are more sensitive than others. And more importantly, some people are more idealistic than realistic. I can be very realistic about some things, but very idealistic about others. It's just my natural personality. I don't know. Maybe it's because I'm young. I'm in my mid-20s.