Luke Gromen compares Bessent to the Bank of England in 1992

Maybe @UW_Doog_Bot can explain why the dollar will collapse when the US has the largest oil reserve and drill baby drill kicking in hard? He’s Econ oil guy.

Seems to mean those countries with dollars will be able to purchase oil.

US gets stronger when supply of oil elsewhere goes down.

People forget oil ran at $110 to $130 for a couple years back in the 2010s
 
As bad as our problems are with the dollar, no rival currency exists which doesn't have a worse problem. The real only alternatives are gold and bitcoin. And crypto currency has its own problems. I'd hate to have a billion in bitcoin in Chinal and piss of Xi and he raids your house/business seizes your computers and then tortures out you password and voila - gone. So at least with the dollar you get liquidity. But the dollar will not be a good choice if Team Dazzler gets control of the federal government and institutes their anti-capitalist policies. Then kiss it good bye.
 
WestlinnDuck said:
As bad as our problems are with the dollar, no rival currency exists which doesn't have a worse problem. The real only alternatives are gold and bitcoin. And crypto currency has its own problems. I'd hate to have a billion in bitcoin in Chinal and piss of Xi and he raids your house/business seizes your computers and then tortures out you password and voila - gone. So at least with the dollar you get liquidity. But the dollar will not be a good choice if Team Dazzler gets control of the federal government and institutes their anti-capitalist policies. Then kiss it good bye.
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Whatever happened to Trump and Vance visiting Fort Knox? Did somebody clue them in that most of the gold has been sold off?
 
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