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Our US military is getting a step closer to this charade. Don't think that they are oblivious to the root causes.
I don't fully support all of his views. Extract the sections that count; which is the US military who is completely aware.
This is going to get entertaining.
Western countries are having trouble with their fiat economies, someone tell the dumb Arabs to drop Oil prices. K thanks.
You may have missed this memo last week.
KUWAIT CITY, May 26: ‘OPEC will notice if oil drops to $65’
Petrodollar recycling jig + Forex Carry Trades + Bonds = lost revenue streams. We live in fragile times.
Yea about that, let me know when a "sovereign" country starts to sell oil in something other than U.S. dollars, Then I will know who the pentagon is about to attack
Oh nohes Iran is about to go nuclear....
Dear green shoot bugs, sell all your stocks asap, sky is falling. Chinese Prime Minister openly warned "Be prepare for 2nd bottom". HP just announced 9000 layoff. Here in Silicon Valley, more buildings are cleaned out , yes I happen to drive from street to street on daily basis. Central Express Way, for exemple, so many buildings empty you can easily remodel it to a cemetery. There are only two options to save US now, go to another oil world or contact UFO.
Sorry I didn't check spelling above: oil world -> oil war.
I actually heard someone on TV say that the middle east turmoil was keeping oil down . Thats funny that was always one of the speculators main excuses for raising the price before.
Methinks Ty might mean that oil was down not on economic global slowdown worries, rather all the debt creation masquerading as a global economy!
Very, very rough comparison of pump price of premium gas in US...
1960 ~ $ .30 Now ~ $3.00
What has changed?
Take away all the hoopla and bull shit...What is left is the fact that the Fed has lowered the purchasing power of the dollar by a factor of 10 since 1960 in terms of energy delivered via a gas pump...
Meanwhile, oil priced in gold has remained fairly constant with a few bumps along the way. The price of a barrel of crude oil today is about 2.0 goldgrams, which is the same price crude oil has been at anytime over the last fifty years.
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