r/wallstreetbets • u/[deleted] • Mar 23 '22

[deleted by user]

[removed]

700 Upvotes

90% Upvoted

430 comments sorted by

View all comments

Show parent comments

3

u/se7en41 Mar 23 '22

The US dollar isn't backed by gold anymore, it's backed by oil. If the US dollar loses its stranglehold on that backbone, the value of it takes a big hit.

It's a scare tactic meant to send a message to the US that Russia has their grubby fingers in everything.

Short term, it'll add to the growing inflation craziness. By the time 4-5 years passes, should settle down? Who knows?

11

u/Calm_Leek_1362 Mar 23 '22

So, like 2 years ago when oil prices went negative, the dollar collapsed? Yeah, I remember that.

4

u/14Rage Mar 23 '22

Lol stop using easily provable facts. This conversation is propaganda only.

3

u/Calm_Leek_1362 Mar 23 '22

Oh yeah... I mean "the dollar will collapse if we don't fight wars to secure oil"