/biz/ - Business & Finance

>>54390326
Its nothing new
https://asia.nikkei.com/Economy/China-sees-new-world-order-with-oil-benchmark-backed-by-gold
here an article from 2017...

>>54031711
US is "soft defaulting" on its debts for 3 years now.
If I deliver you goods worth 100$ of USD from 2019. and you show up to pay for those goods with $100 of USD from 2023. you arent servicing your debt to me. You arent plain defaulting either but you are covering like half of the cost.

But the producers of diesel and LPG and other things cannot operate without pricing in the inflation caused by massive printing of USD.
This goes for both allies and enemies of USA.

>>54006487
Reminds me of Max Kaiser.
But again, if someone would approach me in 2018 and say
>anon the usd will lose half of its purchasing power by 2023
I would laugh and wouldn't take it seriously.
Yet here we are.

>>52806121
Yeah bro totally like they could like imagine this print so much money to triple the supply in two years

>>51330476
>stagflation
Nominal reported inflation and all stock market and bank reported economic indicators and government and EU commission reported numbers are irrelevant.
They were buying oil and lpg from Russia with euros.
By printing too much the devalued currency in combination with sanctions made euros a sort of monopoly paper fake money to Russia.

2 euros per liter of diesel
Thats you exchange rate

It was 1 euro per litre just a few years ago.

>>50546921
:D