Petro Dollar Problem

On Monday, for the first time in over 80 years oil will be sold in other than USA currency.

I think the shit is going to hit the fan. I think war with Iran.

youtube.com/watch?v=xR7-ZDSePqk

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That's a good reason for war to be honest. They already tried that few years back, or wanted to?

What currency?

Reminder that Wayne is a hobo con artist parasitizing the people around him and especially the elderly. Wayne was 5 months behind on the rent for his mobile home before the owner kicked Wayne Lambright out. This guy had also loaned Wayne over $1000 in his many failed attempts to get the psycho Wayne to straighten his life out. Everybody coming into contact with Wayne eventually learn. Wayne has no conscience, no prospects, no loyalty, no skills, no future. Behind Wayne is a long trail of devastated and financially inconvenienced people stretching back into Wayne’s 20s. Wayne also managed to con older technologically illiterate people into handing over several tens of thousands of dollars for projects that could have been carried out by an outsourced indian in one week. In Wayne’s hands, not even that can be done. Wayne is the perfect storm of incompetence and narcissism and the only people who have been willing to maintain a relationship with Wayne for more than a few months are a couple of redneck alcoholics and a methhead with whom Wayne enjoys periods of homosexual debauchery including the use of stimulants while seeking out ill reputed public bathrooms for "slam bams." But don't worry, Wayne fully forgives himself every time so he's Not Gay.

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Yuan denominated oil futures and yes, this is big.

What the hell happened to you? You sound like you're on drugs. So much for sobriety, eh?

i hate you, wayne

>Yuan denominated oil futures and yes, this is big.

I guess it won't get talked about on the news, because it would scare the sheep too much.

>What the hell happened to you? You sound like you're on drugs. So much for sobriety, eh?
I'm sober. I just woke up and I'm fat as a whale. I hurt my knee and back, workout is much harder. I'm working getting back in shape.

>i hate you, wayne
Hey. That sucks for you. Stop hating and start loving. This goes for everything in your life. Love is the answer.

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So he's /ourguy/?

>Love is the answer
haha! Wayne's unstoppable :)

How did you hurt yourself?

Screenshot.

In 5 years oil will be as relevant as corn futures. Oil will only be relevant as a chemical stock for plastics manufacture and fertilizer. LENR aka cold fusion is taking off and will crush the current energy markets. The dollar and oil connection will adjust accordingly.

Further gold prices will take a dive due LENR to metals transmutations research. Nickel, titanium, tungsten, platinum group metals, silver (a plastics manufacture catalyst) will all see epic gains with nickel approaching gold prices.

The whole global climate change CO2 issue will become irrelevant.

On the minus side, Europe will struggle with totalitarianism & war and the US has a good chance unrest while swinging between boom and currency crisis at the same time. Which will all together trigger further socialism, LENR will be seen as star trek replicator abundance and will be used as an excuse for severe social taxation muting the record boom it should bring. There will be some oddball winners like nickel horders, but most people will be reeling from the economic shake up.

>as relevant as corn futures
You seriously underestimate the future of corn.

Jesus christ, do I have to do everything?

BIG IF TRUE!

>Screenshot.
Well said. Thank you.

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thanks just bought 100x nickels

Bitcoin is actually the bitcoin of its day. Bitcoin is scarce, unlike federal reserve notes and requires proof of work to create. It is very expensive to create a bitcoin and it will only become more expensive overtime. Bitcoin is digital gold.

you fucking knob.
everything is still made out of oil.

>Bitcoin is scarce
I agree with you.

>thanks just bought 100x nickels
Wow, that's $5.

>this literally who posts again

when you die, no one will know or care.

Wayne, fuck off

I really fail to understand how someone buying oil in a different currency will cause the collapse of the global financial system. Utter retardation.

>Wayne, fuck off
NO

>I really fail to understand how someone buying oil in a different currency will cause the collapse of the global financial system. Utter retardation.
I agree, you're utter retardation.

It's about confidence. How old are you?

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Those are some really eloquent arguments, kids.
You think you know finance? Are you guys both “finance majors”?

Trying to remember, didn't you get fired as a grocerycart wrangler 2 years ago?

What makes a currency valuable is how many people are willing to use it. The fewer who use it, the slow it changes hands, the less valuable it is. The advantage of having the dollar as the standard for trading oil is that more people, globally, used it for trade. Now that fewer people are going to be using it, the less valuable your dollars are going to be.

At least we have some nickel hoarded.

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Will this finally be enough to convince Republican retards to invest in something besides fossil fuels, then?
I sure hope so. America uses most of the world’s energy.

>I really fail to understand
How much is the paper "money" is printed on worth?

So to give it value (there's a lot more factors here I'm just giving you the QRD) you use something of value. How valuable is transportation (which is essentially oil).

>buying oil in a different currency
They aren't buying oil, but buying the projection of it's value

>will cause the collapse of the global financial system.
because American (fuck yeah) is so deeply tied into every fucking thing.

It's not a partisan issue, both the Dems and Republicans benefit from the petro dollar. In fact, the entire American economy is benefiting from it.

I sure hope it will convince our retards to invest in something besides fossil fuels. Maybe we even get some actual industry going. Hey, a man can dream.

>Will this finally be enough to convince Republican retards to invest in something besides fossil fuels, then?

They only invested in oil so as not to be blackmailed by opec. One of the reasons for the fracking stuff is because they didn't want America to be OPECs bitch. That worked a treat.

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>transportation (which is essentially oil)
I’m glad to see you’re aware of the problem. In most other countries there are a variety of (better) modes of transportation that don’t depend on oil. They’re safer, faster, cheaper, and more environmentally friendly. They also encourage better real estate development and public health. Wake up Republitards.

But republicans are the ones who won’t invest in any energy besides oil.

I mean there are other energy options out there. With a little time and investment they can surpass fossil fuels easily, actually.