They’re dumping reserves to keep the price steady so that the entire world economy doesn’t panic
I feel very not good when I think about this for too long
it’s just so staggeringly stupid like it’s just kicking the can down a bit instead of doing the rational thing: none of this, or the next best thing: using the strategic reserves as strategic reserves to facilitate rationing
The market price is everything, the physical reality of the entire world economy is irrelevant, it’s the ultimate commodity fetishism
trump, absolutely positive about his own victory, has by constantly lying, faking peace, abusing the trust billionaires had in him and manipulating the market, engineered such a perfectly designed crisis that once past the the point of no return, will blow up the entire global economy and kills millions in the process. you genuinely could not choose a better strategy for maximum destruction.
exactly, cause you can only do this for a few months or so, and once the reserves are drained then shit gets real
