We know what’s coming and we are prepared.
IE: US faith in the stability of the dollar will be tested
Rumours of the death of the dollar are exaggerated, but only for now, writes the author of the article for The New Indian Express. The problems with the American currency are increasing, and the cause of this is Washington itself. Ultimately, the US will overplay their hand and lose their political prestige.
At the moment, there is no doubt in the US about the stability of the dollar as a reserve currency. However, considering the country's economic, political, and social problems, this faith will be put to the test.
To paraphrase Mark Twain's famous joke, rumours of the death of the dollar are exaggerated, although its health problems are increasing.
The problems with the dollar are mainly caused by Americans themselves. The unrestrained fiscal and monetary policies of the US - with a budget deficit and government debt at 7% and over 100% of GDP respectively - have reduced the dollar's long-term purchasing power. Since 1972, it has fallen by 99% against gold and lost 90% of its purchasing power in the market for real goods and services.
American politicians have always sought to use the dollar as a weapon to achieve their own goals, thereby compensating for economic weaknesses, such as lack of competitiveness. The US has sought to exclude foreign entities from international payment systems, such as SWIFT.
Washington imposes secondary sanctions to punish individuals and organisations that are not even under US jurisdiction. If a Russian company is under sanctions, anyone doing business with it may be subject to legal action, even if they comply with their own country's laws. This is done through a questionable system of dollar transactions that only pass through the US banking system. International banks and others have already faced legal action for operations that are legal in their own country. The threats are sufficient to disrupt dealings with organisations under US sanctions.
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Pedophile elites wanted to buy an Island, asked if it "comes with children".
Agent replied, the Island "does have a small school"
They don't know camera was rolling
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🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇺🇸⚔️🇮🇷 Iran expects the U.S. to attack it soon — Fars News Agency
Deputy Inspector of the Khatam al-Anbiya Central Headquarters, Jafar Asadi: A renewed conflict between Iran and the United States is likely, and evidence has shown that the U.S. does not adhere to any agreements.
The actions and statements of U.S. officials are mostly media-driven, primarily aimed at preventing a surge in oil prices and secondly to escape the predicament they themselves have created.
The armed forces are fully prepared for any new American adventurism and recklessness.
Not only the armed forces and the people, but also political groups that sometimes had disagreements, have now come to understand the importance of maintaining unity.
🛢 JP Morgan: Oil Flash Note: The Illusion of Plenty
In this war-driven oil shock, inventories have become the market's primary balancing mechanism. Unlike a typical disruption where spare production capacity can be mobilized quickly, the location of the shock and the scale of the supply losses mean the immediate adjustment comes from barrels in storage. Inventories are acting as shock absorbers of the global oil system.
Of 8.4 billion barrels held in storage, 6.6 billion are onshore and 1.8 billion are offshore. Some of the offshore barrels are simply in transit from producers to customers, others — such as Russian or Iranian crude — effectively function as floating storage. By type, 5.2 billion are crude while 3.2 billion are refined products. Visibility varies wildly. OECD inventories are among the most transparent because member countries maintain strategic reserves, collect standardized data and publish timely statistics. Much of the world is less visible, particularly in developing countries. ...
🇺🇸🛢 The most visible oil inventories are about to plummet
Several things need to be noted first before looking at tanker data:
We are still offloading some of the tankers inbound laden with crude. These are temporarily keeping US crude imports elevated. The same VLCCs discharging crude turn into export volumes in 1-2 weeks.
We have an armada of empty VLCCs headed for the US, which will drain US commercial crude inventories dry.
All the while, we will continue to drain product inventories in the US. Petroleum product exports are expected to remain near all-time highs.
The snapshot above is our preliminary US crude storage estimate for next week, which includes 7.1 million bbls from the SPR. The final SPR release figure could be higher next Monday, so we will have finalized estimates out by then.
What’s not shown above is what happens to US commercial crude storage when 1) US refinery throughput ramps up to 16.8 to 17 million b/d and 2) US crude imports fall to 5.5 million b/d due ...
