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Old 09-17-2019, 12:32 AM #1
Rockin' Rockin' is offline
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Default The Petro Dollar is finished!!!

Thank you!!

Long Live Donald Trump and the USA!

Our economy will thrive like never before.

Just wait and see...……….. Rockin'
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Old 09-17-2019, 01:02 AM #2
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Keep it up man.  This is too EZ.  They ley a lot of shit go in here, but racism isn't 1 of them.  I'm flagging everyone of your comments.  If mega doesnt ban u, Boston will.  Racism is not allowed on here.  So keep writing, I'll keep flagging then I' - HAMMER77777 Thought so.  Quiet now, huh?  Move along, I am done with you. - HAMMER77777 No hard feelings man.  If you're ever near North Dakota, u are welcome to have SOme Beer with my wife and I.  Take care, enjoy your visit to India.  You will see more of it than I ever have. - HAMMER77777 Dude, seriously.  If u can click on VBUCKS menu, u can delete that rude shit I sent u.  I apologize.  You're OK, I'm sorry I insulted you.  I really am. - HAMMER77777 dey hatın, we makin! - Floyd's Mask 
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Thank you!!

Long Live Donald Trump and the USA!

Our economy will thrive like never before.

Just wait and see...……….. Rockin'
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please watch77 a brief history of oil

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Old 09-17-2019, 01:36 AM #3
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Thank you!!

Long Live Donald Trump and the USA!

Our economy will thrive like never before.

Just wait and see...……….. Rockin'
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?

Petro dollar?

Our money's value being propped up by being the currency used in the oil trade?

So you want the dollars value to go down?
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Old 09-17-2019, 01:39 AM #4
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So you'd rather countries use the euro? Yen? Pound? Yuan? When conducting trillions in trade?

So you want the dollars value to go down compared to other currency?

So you want the dollar to not be the preferred currency around the world?
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Old 09-17-2019, 01:47 AM #5
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Keep it up man.  This is too EZ.  They ley a lot of shit go in here, but racism isn't 1 of them.  I'm flagging everyone of your comments.  If mega doesnt ban u, Boston will.  Racism is not allowed on here.  So keep writing, I'll keep flagging then I' - HAMMER77777 Thought so.  Quiet now, huh?  Move along, I am done with you. - HAMMER77777 No hard feelings man.  If you're ever near North Dakota, u are welcome to have SOme Beer with my wife and I.  Take care, enjoy your visit to India.  You will see more of it than I ever have. - HAMMER77777 Dude, seriously.  If u can click on VBUCKS menu, u can delete that rude shit I sent u.  I apologize.  You're OK, I'm sorry I insulted you.  I really am. - HAMMER77777 dey hatın, we makin! - Floyd's Mask 
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?

Petro dollar?

Our money's value being propped up by being the currency used in the oil trade?

So you want the dollars value to go down?
exactly.... we..the usa.. gun boat diplomacy..

if the rag heads had the ability to not rely on foreigners to extract

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oil.. refine it...

i can't stop laughing... i talk chit to muslims online.. who cannot find in their book.. how to distill or refine kerosene, gasoline.

as a stupid guy.. i had to take chemistry...


i am watching ali g,.... talking silly azz chit...
ethyl keytone is...

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you are prolly my fav poster.....cabron

Last edited by Zaroku; 09-17-2019 at 01:51 AM.
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Old 09-17-2019, 08:57 AM #6
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Old 09-17-2019, 02:31 PM #7
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huh... i thought that would be a bad thing for the usa
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Old 09-17-2019, 02:43 PM #8
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huh... i thought that would be a bad thing for the usa
It is

Petro dollar sounds bad to a lot of ppl because they think it means oil industry influence, opec, wars, politics, etc. things they associate with oil.


All "Petro dollar" means is that 92% of oil transactions are in us dollars.

Example if China wants to buy saudi oil, they have to pay in us dollars at us dollar prices.

Since this is a trillion dollar industry it also influences most banking to be done in us dollars.

All of which props up our money's value. That's why our inflation is relatively low.

The Saudis were instrumental in this. That's why we have defense treaties with them. It was in exchange for them only conducting business in us dollars and influencing OPEC to the same.
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Old 09-17-2019, 02:50 PM #9
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Originally Posted by Split Decision View Post
huh... i thought that would be a bad thing for the usa
Itd likely shock the rest of the world more than us. So many countries around the world use the U.S. dollar to run their economy. And with Europe on the brink of Brexit, the US's main currency rival will take a big dive.

Trump Admin. is already talking about 0% to negative interest loans to combat the Chinese devaluing their yen (or whatever its called). The value of the dollar was going to go down regardless with all these tariffs.
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Old 09-17-2019, 03:03 PM #10
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Originally Posted by Boxfan83 View Post
Itd likely shock the rest of the world more than us. So many countries around the world use the U.S. dollar to run their economy. And with Europe on the brink of Brexit, the US's main currency rival will take a big dive.

Trump Admin. is already talking about 0% to negative interest loans to combat the Chinese devaluing their yen (or whatever its called). The value of the dollar was going to go down regardless with all these tariffs.
The only thing that'll save the dollar is frakking.

We can still dominate the oil prices with influence thru our frakking.
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