It's Actually All About Currency...

This begins with oil…

As I have written before, the price of oil may go up or down but the parameters within which oil can go up or down, will ALWAYS go down. Last time I actually guessed a figure, it was $82.50 a barrel, now I am saying $75 a barrel, maybe lower. I suspect whatever the propaganda may be…

Ending wars is inevitable as the nonsense of NATO rhetoric illustrates: a NORTH Atlantic organization isn’t fulfilling its purpose in the SOUTH China Sea. This not a debate about the validity of war (I’m obviously against, but grant not everyone is), but obviously, no one in the South is allied with America. Europe will not be able to make a sizeable contribution to the endeavour-geography alone prevents it. America go it alone? And, possibly lose? A very real possibility. the American Military is the largest consumer of oil; no war, no need for oil.

And

EV cars are 20% of car purchases THIS YEAR:

https://oilprice.com/Latest-Energy-News/World-News/IEA-EVs-Will-Account-For-20-Of-All-Car-Sales-This-Year.html

A re-post of Tony Seba and the speed of change.

Canadian recognition of the changes happening: https://www.cbc.ca/news/business/ev-pricewar-column-don-pittis-1.6821536

In brief, cars with Internal Combustion Engines will be GONE by 2030.

Think of a snowball rolling down a hill, the more it rolls, the faster AND bigger it becomes. EVs were 1% of the market 5 years ago? (I actually know when) Last year, they were 10%; if the market keeps doubling every year, they overtake the ICE market by 2026, and will wipe it out by the end of the decade.

I absolutely applaud Environmentalists but this is simply because EVs are cheaper.

But, both mean LESS oil is needed.

Further, what oil trades that do happen are no longer with the American Dollar:

The above video is a month old at which point SWIFT aka American Dollar dominated trade was ALREADY reduced to 40%.

There is a time lag between when changes happen and when we find out about them.

Hence, the nonsense about inflation:

https://www.bloomberg.com/news/articles/2023-04-27/us-economic-growth-slows-to-1-1-as-business-investment-slumps

Inventory SURGE causes inflation; when previously, LACK of inventory motivated inflation. It’s all just to raise interest rates to support the value of the dollar. No one wants to store money in the US because sanctions mean they steal it. Raising the interest rates makes the risk worthwhile.

What makes it curious for Canada is the nonsense justifying rate hikes here when we don’t HAVE to rely on the States for trade; of course, our dollar is cheaper relative to theirs, they keep raising rates.

Relative to the Yuan, it’s 1 CAD to 5 Yuan, we’re perfectly fine. Relative to the Rupee, it’s 1 to 60, we can trade and drop further.

Our dollar is strong because we’re a commodity nation, but also because we have a very smart populace. We’ve invested in our population. With the exception of the current knuckleheads (going back to Mulroney, though he did Acid Rain), we are used to having smart, healthy people able to get to work.

And, lately, everything has been headed towards privatization…(off, my soapbox).

Contrary to this nonsense:

https://financialpost.com/news/economy/bank-of-canada-population-boom-rate-decision

which is just propaganda for interest rate hikes to facilitate trade FOR the US; we drop our dollar, a lot of them will trade here?

And, which I’ve previously posted an immigration flood did not happen, we just re-labelled Ukrainian refugees.

It’s all about the money. I don’t wish ill on our neighbours, but we need to get rid of the like minded knuckleheads in government here. China, Russia, India, countries in Africa, countries in South America and those in West Asia (the old Middle East?)…there is a whole world we should be looking at…

for trade? relationships? Even just news?

Our Dollar is just fine, our neighbour’s not so much.