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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (70579)	4/4/2023 12:45:58 PM
From: RWS	Read Replies (1) \| Respond to of 79477

Doug, That was an interesting video. I heard 3 questions: 1. Will there be an inflationary impulse from OPEC+ reducing production? 2. Will the reduction in oil output by OPEC+ be a deciding influence on Fed policy? 3. Is the OPEC+ cut designed to influence Fed policy? I've never played 3 dimensional chess and I'm probably too old to learn it. I do think that US$ hegemony has been turned into more of a burden than a facility due to certain factions in the US oligarchy deciding to exploit US$ hegemony to force countries into economic, political, and military submission to US global goals. As a result there is a substantial move out of the US$ system and that adds to the instability of the US$. The global move to exit the US$ system is on the verge of a stampede. So perhaps a reduction in oil supply will intensify inflationary pressures. But it seems that the global exit from the petrodollar will leave a lot of $$ floating around with nowhere to go, a stronger inflationary impulse. Perhaps the OPEC+ cut is about securing a stronger position against the US$ for the new petro-yuan or whatever exchange system will be established. Best Regards, RWS