Hello Everyone Worldwide & Welcome!
I hope everyone enjoys all the various holidays currently celebrated & looks to the New Year with great expectations & anticipation! Personally I'm expected everything to "break loose" wide open in January and will announce in January as events unfold.
Today I wanted to examine what happens -consequences- of basing any nationally currency on price of the barrel crude. In reality, even the U.S. dollar "reflects" ( if not based on ) the price of crude for when the price of the barrel drops, automatically the "strength" of the dollar increases proportionately and visa verse.
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.
Hello Everyone & Welcome,
I came across an article actually a couple days ago which I will now respond to & comment on. The article entitled " After Fukushima, Japan Gets Green Boom _And Glut" link =
I will quote then comment - " TOKYO (AP) — Like other Japanese who were banking on this country's sweeping move toward clean energy, Junichi Oba is angry.
Oba, a consultant, had hoped to supplement his future retirement income in a guilt-free way and invested $200,000 in a 50 kilowatt solar-panel facility, set up earlier this year in a former rice paddy near his home in southwestern Japan.