1973 - Stage an oil crisis to give birth to the petrodollar.
2026 - Stage an oil crisis to kill the petrodollar.
Inflation is always the end game.
Gold knows
Have you ever wondered why nations quantify their debt (liability) in currency and their Gold reserve (asset) in weight?
That is because that weight can be any value in currency terms (should circumstances demand it) and the books then reconcile...
@jameshenryand My thesis is based on the assumption that the new monetary system that is replacing the Petrodollar is a Mercantilistic one and for it to function properly the Gold market cannot be one ninth of the Oil market in dimension. They have to converge eventually.
In the last 150 yrs the GOLD/OIL ratio ranged between 5 and 100.
We currently sit at 50 and it is my opinion that we are heading towards 100 again to break that boundary. This will be the activator of a paradigm shift to moonshot the Gold price. h/t @jameshenryand for the chart
This is SPX/M2 (M2 is a monetary aggregate). It shows that SPX could potentially rise another 35% from here to roughly 10.000. It also shows that adjusted for inflation stocks are now at roughly the top of the dot-com bubble.