Hello Everyone & Welcome Back ! Today I'd like to write about current world currencies in fact actually based upon the price of the barrel crude -not on the dollar as everyone assumes- but inrealtyprice of the barrel crude - as witnessed by current drop(s) in crude prices. Look at Russia today with the substantial price drop of Saudi crude. Russia's main export is crude - fossil crude- which is why they invested heavily in Arctic exploration & drilling. Now, with the collapse of fossil -namely price of the barrel crude- their entire economy collapses. |
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