Replies to post #322309 on SPDR S&P 500 (SPY)

[nowwhat2]

Yeah I understand it (in this manner)....How 'bout you, do you ?














Central Bankers though ?......No......I do not understand them.

[veloyt]

The us Dollar is basically backed by oil because the US dollar must be used to purchase all oil. Trump has given ok for many countries to purchase oil with other currencies The reason as I understand is that if they buy oil with american dollars then the US would protect the oil producers and oil transportation lanes.
We, the US, no longer do that so what backs the dollar is just what we feel it is work no assets at all. Very scary