How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility | |
Anonymous Coward User ID: 9094168 United Kingdom 09/13/2015 02:34 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 70303281 United States 09/13/2015 04:09 PM Report Abusive Post Report Copyright Violation | Oil doesn't just bubble up out of the ground and you scoop it up with a bucket. It needs to be processed. It has a bottom. Maybe the US Dollar is just strong in terms of oil cost. Maybe the USD is becoming scarce! That's why it only takes a few twenties to buy a barrel! Just think what could happen if US Dollars becomes real scarce and hard to come by. You would be able to buy a loaf of bread for 50 cents. Look at it this way. Our government has printed shit loads of US Dollars, but the cost of oil is low. There is some type of Monetary Disconnect taking place. Where is the inflation? We inflated our money, and at the same time staved off inflation? The FED reduced its rates to zero after the 2008 meltdown. Now they talk about raising them only out of embarrassment that rates have remained at zero for 7 years. Have they discovered that you can continue to print money and rack up DEBT like its nobody's business? I think so or it would have collapsed at 10 trillion in DEBT or 15 Trillion. Heck, I believe we should continue to print the shit out of it, raise minimum wages one additional dollar a year for the next ten years. Then we could pay back the Chinese investors in inflated US Dollars. Teach them a lesson in Macro-Economics. |
Anonymous Coward User ID: 1881090 United States 09/13/2015 04:34 PM Report Abusive Post Report Copyright Violation | Oil doesn't just bubble up out of the ground and you scoop it up with a bucket. It needs to be processed. It has a bottom. Maybe the US Dollar is just strong in terms of oil cost. Maybe the USD is becoming scarce! That's why it only takes a few twenties to buy a barrel! Just think what could happen if US Dollars becomes real scarce and hard to come by. You would be able to buy a loaf of bread for 50 cents. Look at it this way. Our government has printed shit loads of US Dollars, but the cost of oil is low. There is some type of Monetary Disconnect taking place. Where is the inflation? We inflated our money, and at the same time staved off inflation? The FED reduced its rates to zero after the 2008 meltdown. Now they talk about raising them only out of embarrassment that rates have remained at zero for 7 years. Have they discovered that you can continue to print money and rack up DEBT like its nobody's business? I think so or it would have collapsed at 10 trillion in DEBT or 15 Trillion. Heck, I believe we should continue to print the shit out of it, raise minimum wages one additional dollar a year for the next ten years. Then we could pay back the Chinese investors in inflated US Dollars. Teach them a lesson in Macro-Economics. Your take on money is funny. Putting things into the proper perspective. In 1933, FDR forced people to turn in their gold in exchange for paper "money" at the rate of $20 paper for one ounce of gold. Quoting: Anonymous Coward 64502105 Look here [link to amark.com] As I write this, a one ounce gold coin is $1,298.00. Using this your "average" yearly wage in America last year of $43,041, that is 33.15 ounces of gold, or $663.19 in 1933 dollars. The average yearly wage in America is $663.19. Americans have been robbed. The average yearly wage TODAY is $663.19. No matter how big the numbers get, the VALUE is 33.15 ounces of gold, or $663.19. The American People have been robbed by the USA govt. Nothing is happening that was not planned. People believe they have "money". They don't. This short article explains what has happened to all of us concerning money. The simplicity of money is intentionally made complicated by the power structure to deceive us and steal from us. Your Money and Liar's Poker [link to www.kingmannafta.com] Whatever is happening with the price of oil, you can be certain that it is part of the plan to create the ONE World Govt. |
Anonymous Coward User ID: 70303281 United States 09/14/2015 12:07 PM Report Abusive Post Report Copyright Violation | |
The Starbuckian User ID: 69574818 United States 09/19/2015 11:02 PM Report Abusive Post Report Copyright Violation | $10 a barrel. “Queen Sarah, save us from the Black Dog King!” - from the play, Dissocia [link to tasaonline.org.au (secure)] "Never be anyone's French poodle." - Mr Hamilton |