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December 30, 2014, 11:09:21 AM

The low oil price supposedly saves about $50 per month for the average US household.  But it cuts the floor out of billions of dollars of junk bonds in the energy sector in the US alone, and trillions world wide.  Hardly conducive to 'improving' anything.  Not to mention the State actors that are going to have their budgets cut by 10, 20, 30 % + due to their reliance on $100+ oil.  It is a disaster in the making.  Fracking states are fucked.  The End.  Unfortunately, this didn't happen a few years ago before they did so much harm.

OK, and do you think the Bitcoin demand would increase or decrease in the "belly up" scenario? Assuming that the USD would be at toilet paper levels after bank runs etc.

I really don't know.  I think it will be moon or grave though.  Too many variables for me to make a concrete call.  I am heavily biased toward moon due to my investment level and wishful thinking, and will try to convince myself that way until we're there, or my dreams are crushed.  Such is life as an emotional human  Cheesy
How big of a mess can the US make of the world in the mean time?  Fukin' huge, if past performance is a guide.  We'll be needing the internet and somewhere to live that doesn't glow in the dark.  That looks less and less likely the longer US hegemony exists.