Replying to Avatar Laeserin

On the primary market, crude oil is now going for down to $55/barrel (€47 or 44 CHF). Russian crude costs a mere $40/barrel.

Priced in gold (as an inflation-adjustment), oil has never been cheaper, except during a quick spike at the beginning of the COVID Era. Natural gas also trending steadily down, both in absolute and real terms.

This is the signal.
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Laeserin 0mo ago

The trade-dislocations brought by COVID lockdowns seem to be smoothed out. Inventories restocked. Migration discouraged. Populations aging.

We're heading back to deflation and ZIRP. Hence the Bitcoin price and Trump wanting a new Fed chair with a happier printer.

Germany taking on a record-breaking sovereign loan didn't even make a dent, by the way. I can't even imagine how much money would be needed to reinflate and escape the debt trap.

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Joe Li₿ertarian 0mo ago

This is why the self declared ruling elites are pushing so hard for a war... anywar will do.

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Lucas M 0mo ago

You could wage a dozen wars in every major theatre and it wouldn't be enough to fix the global debt spiral. Time to sit back and watch as this entire mess implodes🤷🍿.