Hence my point.
BHP and RIO are trying to sink VALE.
Oil price did not come from no where.
point 1
US used to back all the oil nation if they trade in USD. But a certain nation lost US backing and felt semi betrayed.
point 2
Russia supplies more oil then middle east country stop backing the US.
point 3
Now china has stop backing the US dollar.
Nutshell- China is trying to do direct deals with countries like australia.
Soon we wont be using the US but RMB per ton, unless a war breaks outs.
do your own research as i could be lying to you all
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