@chrismartenson Trump is attempting to "Inter-nationalize oil" by gaining control of Venezuela's and (currently) Iran. If successful, any benefits to US consumers is secondary. Profits for them and strategic control to confront China.
@_whitneywebb@ashkairaa@FluorescentGrey Sachs has described his changed views. When he realized his recommendations to bring Russia into the west were thrown out the window because "they" wanted to destroy then control.
@KobeissiLetter They're doing what they did in 2007-08, selling into the speculative long demand. They win regardless, as you note. They can also squeeze buyers near expiration because they can deliver. It's a good business...
@democracynow My understanding is US also pushed the UK to relent because Soviets had gone into Hungary to suppress a revolt. Couldn't criticize USSR and not what UK/France were doing. US threatened and did attack the Sterling as well.
@ggreenwald They are confident in their control of the system now, so they have come out of the shadows with how the US operates. Evidenced by any meaningful Dem response. Epstein Class mafioso rule.
@pati_marins64 Facts are irrelevant when someone is propagandizing the public. His focus, as he said, "The US is going to make a lot of money from this." He means the top 1%.
@wbmosler@YourAnonCentral Do you think the Fed will intervene to prop up the dollar as it declines over time from this change? Its role as a safe haven will also decline from the geopolitical fall out, I'd suspect as well?