FED banks stocks tanking. Oil being traded for other currencies besides dollars. ( conspiracy )

submitted by Kal

Am I alone in the feeling that the house of cards these banks have built with their monopoly money is about to come tumbling down?

scoopadoop

Here comes round 3 of the Oil Wars.

Stavon

Most currencies are quite fucked up and held up by a rotting house of cards and trust in god nowadays. It might be like a domino of national banks, they all base their money value on each other.

spooz

Only as far as Goldman Sachs wants it to.

CommonSense

If you're willing to take the risk, now is probably a really good time to short the dollar.

pray_the_gay_away

Counter-intuitively, this house of cards is about come tumbling up first. Although our currency and central bank is a fraud, it is still less of a fraud than every other currency and central bank on earth. When these markets finally crash, everyone will be scrambling for the few real dollars in the system and you will get unbelievable deflation , not inflation.

The inflationary death spiral of the dollar won't start for some time longer, but it is likely inevitable.

Drenki

Change is definitely in the air. So, with oil, there is a difference between being priced in dollars vs being sold in dollars. Sold in dollars means you can use something besides dollars to get the oil. AFAICT, oil is NOT always sold in dollars. What's changed is oil no longer being solely PRICED in dollars. You have a commodities exchange that says "My barrel of oil is $30". But you can use the equivalent in another currency, at the present exchange rate, to purchase that oil. So the markets were probably rigged to some extent so that the exchange rate was always favorable.

The best things little people like you and I can do is to simply not play their game. Drive less, ride a bike or walk instead. Don't buy anything pre-packaged from the grocery store, instead go to your local farmer's market or equivalent. Don't invest in the stock markets or put anything into a 401k/IRA, spend your money on capital-producing items. Join or form a co-op, credit uniont, etc. Buy the things you need second-hand or learn to make them yourself. Basically, go small instead of big. Eventually, the beast will become less powerful as it's starved.

Edit: of course with TPP and the like, even the smaller guys are going to start feeling the pain from multinational actors.

Aginor

Don't invest in the stock markets or put anything into a 401k/IRA, spend your money on capital-producing items.

Like what?

Drenki

Rental property, a farm, a small business. Just anything that isn't tied into the larger financial system. If my plan works out, I will have almost a dozen rental properties paid for within 10 years.

monkeytoe101

I think you're right but I think it's deeper than oil and will affect more than just the US.