118 sats \ 3 replies \ @faithandcredit 12 May 2023 \ on: Daily discussion thread
If they are serious about not printing money and significantly strenthening the USD they would not be draining the SPR (Strategic petroleum reserve) to try and lower the price of oil. Unless thats just to put us off. But would they be that smart?
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238 sats \ 1 reply \ @siggy47 12 May 2023
Well they are certainly not intending to stop printing money. The US has no choice. Debt service would overwhelm the budget if the underlying obligations aren't inflated away.
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0 sats \ 0 replies \ @faithandcredit 13 May 2023
Path of least resistance
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24 sats \ 0 replies \ @grayruby 12 May 2023
That move is purely political. Biden is already unpopular. Oil price goes to 100 and you can call the 2024 election for republicans right now even if Trump is the candidate.
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