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Old Dec 12th 2017, 01:48 AM
Tom Palven Tom Palven is offline
Cranky Curmudgeon
Join Date: Nov 2010
Posts: 2,058
Default Re: Demise of the Petro-dollar?

Originally Posted by Michael View Post
Yes and that's the EXACT same thing they've been saying for 35 years now. They've also been predicting that double-digit inflation will be the result for the same 35 years as well.

US currency has already lost its monopoly on petro-purchases 15-20 years ago. Where is the rising inflation and rampant devaluation of the USD? US Federal Reserve has been running close to 0% prime rate for 16 years now with almost no inflation.

I'll take the actual facts on the ground over pie-in-the-sky speculation every time.
You are right. My apologies. I'll try to avoid predictions.

I hate predictions, myself. Predictions are not news. Events that actually happen are news.
Voltairian individualist on the Lunatic Fringe of the Radical Center
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