Global Currency Reset Thread

What’s the one thing that has to happen for the US to get off the Petro dollar?

Oil has to collapse.

Overnight oil collapsed.
#OilPrice

Gold price is dropping because people are going to cash. The margin calls are astronomical now and clearing houses are preventing people from trading options. You can no longer short the USO ETF which is an oil futures contract.

The complete breakdown of the energy complex forces people to sell something. Crude going to negative forces people to sell June contracts to get out or if they stay in it the have to sell something (gold) to make margin calls. The June WTI is going to follow the May

Treasuries are in the toilet. The Repo market (our $) keeps the central banks floating but they don’t want the $ so they send to Treasury who doesn’t want it so USG sends to Hedge funds who re-invest in stock market which is what is propping the stock market.

If there is a panic then the above cycle goes in reverse. The Treasury needs to reinvest back into the central banks by providing liquidity during times of panic.

Summary:
There is NO DEMAND for crude.
We need a new asset to back the dollar: GOLD
#globalcurrencyreset