Printing Money and 0% teaser rate Loans can’t stop Oil Price and Energy Deflation – Currencies are linked to Energy Price, Oil is gold of energy – April 17, 2020,

I subscribe to Libertarian arguments, I do believe in Gold standard currency, but I also don’t believe people should be forced to trade in Gold or U.S dollars. Given the choice, I prefer a petro-dollar, because capitalism is all about energy, with that said I wouldn’t mind if it was an accepted practice for people to SAVE money in Gold or have a Gold Standard based currency primarily used for retirement.

But day to day spending I prefer the Petro-coupon sorry I mean the petro-dollar because it’s a better reflection of what’s happening in society. When the price of oil is on the retreat, it’s a sign productivity levels are down, it doesn’t really matter what OPEC is doing, sure, of course, I think COVID-19 and the fight between Saudi Arabia and Russia was all orchestrated, but who cares, totalitarian regimes revolve around not allow their economies to inflate, the last thing a dictator wants is for the people within their own country to become richer than they are.

Sure Trump is rich but there are at least 1000 people living in America that are richer than the democratically elected leader, so I personally don’t view collectivist societies as a threat unless the leadership within the Western Free nation are a bunch of socialist idiots.

As long as Americans aren’ dumb enough to vote for sleepy Joe Biden, I don’t worry much for the American economy, even if Trump makes the decision to default on some of America’s debts, the problem I see is a lot of the countries around the world swimming naked.

Only when the tide goes out do you discover who’s been swimming naked. — Warren Buffet

In a fiat-based monetary system what matters most is policy, I know this is hard for people to imagine, but technology has deflated the economy, the only reason prices are so high is that the cost of servicing your countries public sector is sky-high.

In the 1990s there weren’t blogs challenging news organizations for readership, YouTubers weren’t bringing you news, cable subscriptions were almost mandatory if you wanted to keep up with the latest trends, all of that has disappeared now, technology has deflated the economy, but governments all over the world, similar to dictators all over the world, want to make sure that the people don’t challenge their authority!

That’s all that’s happening in a nutshell in the world today, DEFLATION! Putin and the Saudi Royal Family in case you didn’t know are some of the richest people on the planet and when the time is theirs they flex their muscles! Will the U.S dollar hyper-inflate? I don’t know, but if it does, it wouldn’t be the first time, the real problem with hyper-inflation is explaining austerity measures to people.

Germany preferred Hitler over austerity measures, some of the dumbest Americans I’ve ever talked too are Neo-Nazis, who conveniently ignore the economic forces that led to the rise of Hitler. Hitler was an easy solution, in a time when the reality was that Germans would have to work to pay off their debts.

Hitler said the hell with paying off the debt, give me all the control I need and we’ll conquer the mongrels! It sounds ridiculous when you think about it now, but if your belief is that excessive government spending has nothing to do with the destruction of your economy, well as an individual you can imagine or entertain all sorts of audacious fantasies.

So, I’m not entirely sure how this will all unfold, but if your government similar to Frances government is making it seem that Government economic levers will fix all problems by adding a little tax here, borrowing a little money, printing some money here, more welfare spending there, while at the same time arguing that productivity levels are not that important, well my dear readers I disagree!

Construction is still being done nearby where I live, without these hardworking people my standard of living is gone, now if I didn’t have fiat paper to pay these people, I’d have to pay them with something else, just because the currency goes to hell doesn’t mean capitalism stops, and also just because you hoard gold doesn’t mean you’re good at bartering, lastly just because Governments print and manipulate money doesn’t mean the market won’t find it’s trying value.

One of the mistakes a lot of people make is valuing a currency based on its forex value, I remember when Brazil stopped selling rice to world, it didn’t matter what the price was for everything else, the price of rice shot up! Exotic and rare is exotic and rare! Gold standard fiat money it doesn’t matter what matters in a deflationary economy is your ability to sell or your ability to barter.

What do you have that the market wants? when the banks and authority figures lose control that’s how the CIVILIZED world functions. Now I can’t speak about wars and people who will seek to create and find enemies to destroy, that’s the wild card in all of this, but we simple merchants come in pursuit of profits, THAT’S ALL! The res of you Nazis, commis, Socialist, religious authoritarians and general collectivist, I don’t know what sorts of scams you will create I just hope enough people see through your evil.

OPEC members may ‘cheat’ on oil production cut: Former Shell Oil president | Fox News Youtube

Interesting times ahead!