> you might expect tough times
Unless your currency is the one the oil is required to be priced/sold in worldwide, maybe. Sounds like a great time to have USD to me.
Unless your currency is the one the oil is required to be priced/sold in worldwide, maybe. Sounds like a great time to have USD to me.
If the basic stuff that runs the world (energy and chemical feed stock) doubles in price two separate times in the space of 7 years, you just might expect tough times.
Interest rates lower than inflation, gold and silver not keeping pace with inflation either, general economic stagnation.
Not a good time, no it wasn't.