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[nimblebear]

so are many assets denominated in dollars. This is not a prediction but rather a statement of fact. Your car is worth zero, if oil stops flowing. As well, the US economy comes to a crippling halt. To think that will never occur, or could not occur is interesting. We take so many things for granted. Without the military we have, the trillions spent to keep it afloat and as powerful as it is, the oil doesn't flow. At least not from the Middle east, nor Russia, and other far away places. Oil currently is denominated in US dollars. Will probably stay that way as long as we have the military we have. Problem is the debt servicing of our economy, coupled with the funding our military. Both are extensively, and exponentially depreciating 'assets.' Their 'value' is not only consumed and all in past tense, but both become even larger liabilities,accelerating as time goes on. Both are also unstoppable. That is the perilous path the country is on. Ironically, the dollar can continue to rise in relative terms, and a lot of that has to do again, with the existence of our military might, and the energy security it currently affords the US. But we can't actually 'afford it' because we have to borrow and mortgage our futures to even sustain a flat line of economic neutrality. The next time you buy something, whether it be a vehicle, home, TV, or IPAD, consider its immediate value if oil stops flowing. Remember too, our country's electric power does not come from oil, but the means to supply the vast majority of the raw fuel, is oil dependent via the current transportation system, which is entirely dependent upon oil. If your home doesn't have electricity, and if your car doesn't have gasoline, both become immediately massive liabilities. Again, I'm not predicting any stop of the flow of oil. Even Iran or Syria, or any number of world situations have a very low probability of interrupting the flow. That's by design, both militarily and politically, and not just for our own national interests, but global interests. When you think about it though, its fairly fragile, and there truly is no 'back-up' or redundancy to the stop of a flow of oil. Even an electric car premise falls apart, because of the design of our infrastructure. Even data servers that have triple 'back-up' largely rely on oil for each of the secondary and tertiary back-ups. Its quite amusing they consider such designs they have as 'back-ups' or redundant. The thesis here though, is that the dollar, being the 'lubricant' of our current trade, and flow of oil (no pun intended with the use of the word lubricant) is incredibly over-valued. You lose oil, it plunges to near zero over-night. Its no longer fungible. Its worthless. Literally, whether its existence is by decree or not. Ben can print all the dollars he wants. He cannot however print oil. Think about that the next time you buy something, drive somewhere, eat something, or attempt to 'diversify' or gosh forbid 'prep.' You go nowhere, get nothing to your mouth, can't live in your abode, without the existence and FLOW of oil. Thus again, the dollar is worthless without oil, and its pure and simple value is only as legit as long as we can continue to fund our military, and keep that military more powerful than all other nations combined. Its a pretty unique position to be in. World's Reserve Currency, Most Powerful Military, Uninterrupted flow of a finite, highly dense, highly portable, highly controllable energy source. It's also a quite fragile one too. Just like a 3 legged stool.