#krisonomics by Ektrit Kris

The mindset that the world has no choice but to use USD for global trade is theologically untenable. The idea that the world can ad infinitum continue to ship goods and services to USA in exchange for NOTHING (electronic dollars), because otherwise their own trade and economy would collapse, is an entrenched religious belief in the entire Western World. There is a group of core anti American countries which have created a loose alliance to de-dollarize themselves, even at the expense of self destruction. They no longer want to be controlled by USD. This is theologically tenable, that is how humans usually function historically. The alliance is Russia-China-Iran-Turkey-Serbia. These countries have a current history of self destroying just NOT to be dependent on the United States of America. Serbia Serbia destroyed itself consciously be declaring war to Croatians, Bosniaks and Albanians after the disintegration of Yugoslavia in 1991. It lost all these wars. And they still don't care,

TWITTER THREAD ABOUT THE CONCEPT OF MONEY  Money Thread Money = Trade Imbalance 1/  There are only two trading modes: - Barter - Credit/Debt 2/  All trading in practice is Credit/Debt. 100% Barter is close to impossible to happen unless we are talking micro economy like you drive me to work and I buy you breakfast. 3/  In Full Barter Mode no money is created, as trade Imbalance is 0. 4/  Credit/Debt is psychologically hard for most people, barter is subconsciously preferred, if possible. 5/  As any trade beyond micro trading (3 cigarettes for a cup of coffee) is impossible to be full barter, 99.99% of global trade is partial barter to 100% credit/debt. 6/  Credit/Debt carries always positive interest because of the uncertainty if the debt will be paid or not. The longer the payment period, the higher the Interest, as uncertainty increases with Time. 7/  Full Payment with Gold is de facto 100% barter. Any full payment with any metal, is de facto 100% barter. Gold is NOT money, gold is s

 Current US federal government debt stands at $29 trillion. I would like to explain the concept of Federal Debt, just the mechanics of it, not how money is created. $29 trillion Federal Debt means that the World gave ELECTRONICALLY $29 trillion to the US. Government, by buying US Treasuries. Theoretically and practically, should all lenders demand their money tomorrow, the US Government can electronically INSTANTLY create on computers $29 trillion and deposit them on lenders electronic accounts, thus making the debt instantly .................0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000. Get it, folks? US Federal Debt is about management of Stock and Flo

  THREAD FROM 2017 OPENING ON TWITTER  CRUDE OIL With WTI crude oil creeping up to $60, here's again how oil market works. There are 2 kinds of demand: 1) Consumption demand 2) Storage demand The Consumption Demand is from business which makes FINAL USE of crude oil like: - Refineries - Plastics business - Clothing industry etc The Storage Demand is from business which uses oil for Financial Purpose, NOT for Final Use These businesses are called Intermediaries. Their names are:  Vitol, Gunvor, Glencore, Trafigura etc, etc, etc. They do not report their inventories, or rather they actually lie about their inventories. So, oil is not sold from producer to intermediary, as Final Sale, it is sold as Change of Ownership from producer to intermediary. Final Sale is when oil is consumed. In reality, oil was transferred from underground to another underground storage onshore or offshore storage tanker. Simply transfer of ownership, but not final sale. These Intermediaries hold on to that o