/biz/ - Business & Finance

>>18586402
Sorry I didn’t catch that. Get his wrinkled balls out of your mouth first

Low oil price means less demand for dollars. Petrodollar BTFO

>>18586570
How? And why is that bad?
>>18586488
I thought this was a result of the global shutdowns due to the pandemic.

the worlds geopolitical balance is held together by no one being able to challenge the usd petro millitary dollar

oversupply and collapse in demand due to covid to the point that buyers are being paid to buy oil means that usd petro military dollar is not strong and could be challenged aka ww3.

china is a bubble and has no option but to expand or die.
They launched yuan petro futures redeemable in gold in 2018
they have been militarily expanding in the south east china sea.

No one is to blame although some people probably think they are the architects of this situation.

>>18586924
Virus is a cover. Saudi Arabia and Russia have been in a production war, drowning the market in crude. The Plandemic is just more fuel for the fire.

>>18586402
Implying companies are going to PASS THE SAVINGS ON TO YOU god how stupid are you, increased profit margins + shareholder dividends, they’ll throw out some excuse like ‘increased regulatory fees’ ‘unforeseen expenses’ ‘developmental costs’ to appease the unwashed masses who’re wondering why prices have hardly changed

>>18586927
https://www.youtube.com/watch?v=_Q4lBlAGt84

>>18586570
>Petrodollar BTFO
Not really

>>18586402
here is your answer

https://www.ft.com/content/9cbba7b0-12dd-11ea-a7e6-62bf4f9e548a

>>18586927
>aka ww3
not gonna happen retard. If anything we end up in Communism. The virus is for (((them))) even more useful than a WW would be at this point

>>18587186
It is certainly not bullish.

>>18586924
The Saudis started flooding the market with oil before corona hit. Some serious Murphy’s Law is going on in the oil market rn.

Fuck drumbf;
I voted hilldawg

>>18587219
>It is certainly not bullish.
I agree. But it is not that easy.
The Dollar might collapse from other things though. The fact that oil prices deflate is part of the problem. But so is the printing of the FED.
See here: >>18586878

>>18587238
fuck voting

All my homies stay at home and read Q Anon

>>18587218
if the collapse of the usd does not result in ww3 the usa is completely corrupt

>>18586927
Can you explain what the petrodollar is? How is USD connected to the price of oil? Also how would a develuation of USD lead to the collapse of the modern world and ww3?

>>18587354
>if
i think either way it is pretty corrupt dawg

>>18587325
agreed

>>18586402
Low oil cost means the oil companies don’t have sufficient profit margin to sustain their operations, amongst other more far reaching global consequences.

Low oil prices also hurt the green sector directly, as there’s no longer a cost savings for consumers to go to green energy.

Do any amount of googling and you’ll understand

>>18586402
>saying this is Trump's fault
it is his fault cause he won't dump CRUDE INTO THE FUCKING OCEAN SO I CAN GET A PUMP TO GET OUT OF MY SHITTY FAGGOT POSITION THAT'S BLEEDING MONEY. He has Jerome working the printers 24/7 but he can't help a niggy out with dat texas tea? Fuck him, I hate him.

>>18587460

>>18587401
this

>>18587354
>if the collapse of the usd does not result in ww3 the usa is completely corrupt
My weet summerchild. It is all orchestrated

>>18586402
What's going on here it's not the damn fault of Trump or Trump's team. The truth about it is what the ex presidents did to your country. Anyone who can THINK, anyone who can READ, was capable of seeing the economical crisis forward us at least in 2018.

>>18587576
>economy is good
nice job trump
>economy is bad
you see, things are more complicated than blaming the president for everything

>>18587353
>Can you explain what the petrodollar is?
Oil gets traded in Dollar. Because of that it is called Petrodollar. It is so to speak "backed" by oil. A country need Dollars to buy Oil. Watch a fucking video. Before all that there was the gold standart.

>How is USD connected to the price of oil?
It is the world reserve currency. It is backed by oil and military.
before that it was Gold.
Again watch a video or use Google. It is too much to explain here in detail.

>Also how would a develuation of USD lead to the collapse of the modern world and ww3?
Use your brain for this one.

>>18586402
>Oil is now at negative levels. That means you get PAID money to buy gasoline! Thank you Donald Trump #KeepAmericaGreat
-Charlie Kirk and other MAGApedes

>>18587353
up until 1971 the usd was reddemable in gold, countries started to make a run on the bank so to speak on the usd when it became clear the us had used all its gold reserves to win the cold war. Nixon ended the redeemability of the usd in gold to prevent the total collapse of the usd. This however meant contracts priced in usd where now meaningless in terms of value because the value of the usd was not defined by anything so people started pricing oil in gold.

in the late 60s the arabs began to use their control on the supply of oil to fuck with the us in retaliation to Israels expansion. This embargo and the crazy price action of the usds value not being defined by anything caused the oil shock energy crisis of the 1970s. The eventual solution to this situation was the creation of the petro dollar in which opec denominates oil in the price of usd and only accepts usd meaning the usd is effectively backed by oil forcing demand by the same mechanism that caused the whole situation it being an inelastic good.
https://en.wikipedia.org/wiki/1973_oil_crisis
https://en.wikipedia.org/wiki/Henry_Kissinger#The_Arab-Israeli_dispute
https://en.wikipedia.org/wiki/Camp_David_Accords

>>18587630
I don't think anyone said Trump was solely responsible for the good economy, just noted that the economy remained good under his watch which is all we're asking for. This crisis is very clearly as a result far outside even the president's reach though, with the oil market having been flooded for the past 4-5 years from the imporvement of fracking technology and now the global pandemic shutdown.

>>18587519
>My weet summerchild. It is all orchestrated
just kys you cringey neckbeard

>>18586402
Donald Trump will have to make another deal with OPEC.

>>18586402
what's it like being this fucking stupid? seriously i'm curious? would you say you're generally happy in life?

>>18587772
He did

>>18586402
>but now we have a free energy source
based glass half full anon

>>18586927
china always forgets how easily they submit and are conquered
it is the way of the baby dick chink

they need a modern reminder

NANJING 2: EVERY ANON GETS A YELLOW SLANTY GF

>>18587760
should add kissingers success is attributed to giving weapons and aide. The continued success of the agreement is due to us military killing anyone who tried to change it. 911 being a pearl harbour to that end

The whole agreement just seems like an unsustainable pause in a march towards the inevitable confrontation, now with the rise of china as an economy larger than the us and one that needs to change into a developed economy to survive I don't know what can be done to stop ww3.
But if i'd been shitposting in 1971 I would've been posting pic related saying there's no where to go after gold.
Maybe we'll get and information commodity us dollar

>>18588120
that's why I wrote >>18587354

could be a big theatre act by faceless entities moving the pieces to achieve global inescapable socialism. Like palpatine in the prequels
https://youtu.be/OyBNmecVtdU
https://youtu.be/F-AZV3qnwkA
https://youtu.be/os63_osqIzo

reminder trump had his casinos bailed out by the Rothschild
qanon says nothing specific like a placating pied piper
covid 19 is past it's inflection point under 200k deaths

>>18587576
Fuck you are stupid.

>>18588363
https://youtu.be/mYAHPPXmcts would be the argument against the conspiracy

Everything gets blamed on the president even though congress literally writes the bill saying how the US is to spend its money and the president just has to do it. Look up how the debt limit works. If anything Pelosi or maybe McConnell is more to blame

>>18586927
pull the lever

>>18587809
>ice niggies and sand niggies seething at each other about black gold
>donaldo makes a deal with opec
>saves a hundred billion trillion million hadj jobs for the kingdom and keeps their oil shored up
>WTI futures collapse into the center of the universe and then into another dimension cause they go way negative
>crickets all day
>gets on tv finally for his daily poopoo peepee session
>"lots of people are watching what's happening with oil"
At this point I'm so mad I've circled the long way around back to not even being mad anymore

>>18590071
>"lots of people are watching what's happening with oil"
Based God Emperor

>>18591791
>Based God Emperor
He'd be pretty fucking based if he just gave usoil (and by proxy, me) a fucking god damn pump already instead of being obtuse and gay