Is currency, such as the Euro or Dollar really almighty, or are commodities really king?

[Sixgunsound]

I think OPEC+ are about to explain a few things to the Davos elites, how about you?

As always, flames and trolls will be coming down, let’s discuss the issues not each other. Good luck!

Updates

+1 y

Perhaps some clarification would be in order: what I am asking here is with nonwestern commodity producers now telling first world western nations what they are going to pay and Russia selling its energy in rubles, is western Cash still king? Or have commodity producers demonstrated that fiat currency based on rainbows and unicorn flatulence is not as valuable as the world economic forum desperately hopes people will continue to believe it is?

[Effably]

Not sure I properly understand the question but in a nutshell currency has agreed upon transactional value, commodities have real value.

Of course currencies are nowhere near as dependable. However they are immensely more practical and that is why we use them. In times of uncertainty they lose value. Much, if not most, of our economy only exists because of them.

[Sixgunsound]

Did the Saudi’s recent humiliation of Biden show the world that commodities are more valuable than currency as the western elites seem to believe they will always rule the world with?

[Sixgunsound]

Oil wheat and fertilizer have real value as you correctly stated, while currency cannot run a car feed a family or grow crops. All of those are dominated by Russia and/or OPEC. While we continue to burn our own food processing plants down, wield government as a weapon against farmers, and curb stomp domestic energy production, our enemies are ramping up and raising prices because there is nothing bumbling Biden will do about it, except state sponsored terrorism.

[Guy13]

Commodities are not practical and how do you change Gold? You got 2000 in cash for change at the stores. ?

[Sixgunsound]

The retail gun store I work at has rifles that cost double that. And I can think of at least one handgun approaching that.

[Guy13]

Buy bread with gold…

[Sixgunsound]

That happened in the Weimar Republic.

[Guy13]

Yes, it did. It proves that commodity is overrated and small bills are best

[Sixgunsound]

Currency arose because of the greedy wanted more. There just isn’t enough gold on the planet to satisfy the lust for the most addictive drug on the planet, power, that requires money to achieve.