Goldilocks and Seeds of Wisdom
After several months of cutting oil production by several OPEC+ countries, the production indicators finally dropped in November after cutting back since July. This has the tendency to raise the price of crude oil. It will increase transportation costs here in America as we are one of the highest consumers of OPEC+ oil.
Look for transportation of goods and services to slow down as a result. The current agreement is to slow production for the first quarter of 2024.
This will shift the money supply from the West to the East and increase values and demand for local currencies coming into play in the East.
© Goldilocks
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Source: Dinar Recaps
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