re: How far does Oil fall?

quote:

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especially the joke about BRICS meaning anything on a global scale that will matter.

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BRICS has a chance, but it relies on the USD failing (debt servicing alone this year will likely be over $1T, and go up) AND the BRICS countries being able to sell other countries on using it. Without the USD failing, the sales pitch is a rough uphill battle. If the USD begins failing (and right now there's nothing in play to keep it from failing eventually), that job becomes a lot easier.

Just another reason why this ridiculously high level of deficit spending needs to be crushed.