What’s Going on with Oil? The Answer is Hidden in the Global Monetary Crisis
18 February, 2009
If we look at the below graph of the USO (US Oil Fund), at first glance, it appears that the deflationists have been correct about their assumptions of a worldwide slowdown causing demand for oil to plummet. However, if we recognize deflation for what it is, an appreciation of the currency, given the most recent 12% figures of US moneta…
Keep reading with a 7-day free trial
Subscribe to Building Wealth With Tomii Academy to keep reading this post and get 7 days of free access to the full post archives.