The Young Pretender
@Dioclet54046121
Brace for reset impact.
Not long now before Eurasia and the Middle East stop accepting dollars for oil, since the fiat dollar system is used to make oil cheap, both chronically and acutely.
US business and public, and other high energy consumption countries too, demand cheap oil. And they’ll carry on demanding cheap oil, all the way back to the cave.
Yep, the US may be shooting themselves in the foot again with this.
— Lord Snooty (@Lord_Snooty_III) September 10, 2024
Remember, oil is incredibly under-priced relative to its true value.
I calculate that 1 barrel of oil (1,460,000 calories) equals 537 days of hard human labour (2720 calories burnt per an 8 hour a day). Which means oil is still hopelessly underpriced at $80 a barrel. https://t.co/G5Qiiv2v95
— The Young Pretender (@Dioclet54046121) July 27, 2024
Bloomberg, the top-rank spinning and advertorial service for fiat-debt interests, is not where serious arguments around finite natural resources will be found.
The sudden flurry of articles spinning about metals, or the abundance of, means something is changing. There will always be attempts to try to spin away the energy cliff, in the misguided modern belief that crafty investor PR can repeal the laws of physics https://t.co/rKAGDybqhs
— The Young Pretender (@Dioclet54046121) September 11, 2024
Is this what has the MSM rattled today? The push by BRICS+ for a new gold-based system is fair imho, with a re-pricing of resources to reduce demand. However, it would be tragic if resources are all directed away from the West, and the Eurasian political model imposed globally.
Little respite for unaffordable US gov interest payments. Oh, what a bind the US is in!
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50bps cut is out
— zerohedge (@zerohedge) September 11, 2024
With details of the new gold centred monetary system due for release before the next US CPI release, that was the final CPI-triggered gold-slam buying opportunity. The pillars of the old paradigm are now falling one by one in the run up to Oct 22nd-24th.
disagree. $GLD is tired, not going to break 2530 spot in 2024. I do think it gives up outperformance vs SPX in 2024 as well.
— Dan Brennan (@DBclouds99) September 11, 2024
$GLD will have no place in the new gold-centred monetary system, even as a proxy for price exposure. It’s extinction is imminent.
Source(s):
https://x.com/Dioclet54046121/status/1833129500583891205
https://x.com/Dioclet54046121/status/1833565738583658881
https://x.com/Dioclet54046121/status/1833568559282205023
https://x.com/Dioclet54046121/status/1833569725508444582
https://x.com/Dioclet54046121/status/1833782013326758357
https://x.com/Dioclet54046121/status/1833789957535576160
https://x.com/Dioclet54046121/status/1833846840845885579
https://x.com/Dioclet54046121/status/1833850795013316694
https://x.com/Dioclet54046121/status/1833854599024767413
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