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Author Topic: Why the oil based economy will not be dissolved  (Read 1930 times)

Offline tomd000

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Why the oil based economy will not be dissolved
« on: May 30, 2010, 01:20:19 AM »
I think this just about sums it up:

http://www.godlikeproductions.com/forum1/message1080519/pg1


The debt based economy led the USA to an oil based dollar driven economy.

every nation that buys oil must since the 70's buy oil in US dollars.

that means that there is always demand for the US dollar. the USA can't print and print without the same impact as a German hyperinflation scenerio....as you know this has still not happened after the most massive increase in money supply during the last 18 months the world has ever seen.

Debt will not crush America, it will be the end of the oil economy that will crush the financial structure as the other nations of the world will no longer require dollars.

Then the debt death loop of the previous 80 years will finally come to collect.

BP may cause oil to go out of fashion in public perception but TPTB can not and will not allow the system to crash. Thier wealth, health and safety also depend on it.

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