Massive Deflation Is Obviously Bad For The PM Sector
Good observation! It really depends on how which direction the petrol "producers" want to go with pricing & payment. Traditionally, this fell within the arena of OPEC & Washington. D.C. However, let's not forget the guy, who forgot the rules of the game and tried to use EU's instead of dollars. I believe his name was Saddam. Let's also not forget the oil-producing nation who attempted to open an oil-exchange on Kish Island not too long ago, in hopes of circumventing transactions via NYMEX or IPX. I believe that country is called Iran. Fyi, I am a law-abiding, tax-paying, investing American and world-citizen, a TRUE patriot, and a veteran of the U.S. Army...but these are nevertheless facts. If I can take quote from the Star Wars movies, "the republic no longer exists...the rule of the day is empire!" And if you throughout history, ALL empires rule via fear & force...ask the Roman legions, or the 5 pounders on his majesty's royal navy warships that effectiviely ruled the seas/commercial trade lanes for several centuries.