MikeCristo8
@MikeCristo8
There’s going to be a massive oil shock (priced in dollars) coming in the next week or so, if not sooner.
Oil priced in dollars could see a 50% price drop.
Stock market crash has to do with gold and oil.
Don’t confuse yourself here.
This is an important read here.
The Unit project assumes that the value of the common unit of account is pegged by 40% to the value of gold, and by the remaining 60% to a basket of national currencies of the BRICS countries. This approach can make it a convenient and universal instrument, Mikhailishin said: “When you have a unit of account that can be converted into any national currency, it is more convenient for you to hold it, since it is a more liquid instrument,” he said.
I assume BRICS has already made the transition given Russia now sells oil for gold.
8-$10 trillion will be wiped away from stocks this month.
Oil down to $50 bbl as well.
