Low oil prices are QE4

[moneymaker]

I think the lower prices for oil is QE4 in disguise. The bigger question is, is this an orchestrated effort by TPTB to help stimulate the global economy? When most people think oil, they think gasoline, but it is so much more than that. http://elsegundo.chevron.com/home/abouttherefinery/whatwedo/what_is_in_a_barrel_of_oil.aspx

[spdrun]

Low oil prices are a symptom of a tepid world economy and overproduction, plus an attempt to fuck Russia.

Low oil prices are either deflationary or a symptom of deflation, which is not what the central banker dirt want.

(We also had low oil prices … in 2008/9).

[The-Shoveler]

Maybe I am wrong but I think July 2008 is when Oil hit a record 143 a barrel.

Kind of was blamed for the start of the recession it I remember right.

[spdrun]

And it fell dramatically a few months later. I seem to recall paying $1.20 per gallon in (late fall of?) 2008.

[outtamojo]

Let’s bankrupt all the oil economy dependent countries- let’s make a big to do about subsidizing shale.

[spdrun]

Russia: less $ to rebuild their military.
Saudi: less $ to give/lend to Wahhabi-influenced freaks like ISIS and Boko Haram.

This is not a bad thing, other than collateral damage to places like Canada and Trinidad.

[phaster]

[quote=moneymaker]I think the lower prices for oil is QE4 in disguise. The bigger question is, is this an orchestrated effort by TPTB to help stimulate the global economy? When most people think oil, they think gasoline, but it is so much more than that. http://elsegundo.chevron.com/home/abouttherefinery/whatwedo/what_is_in_a_barrel_of_oil.aspx%5B/quote%5D

as always as its all about the economy (which needs to be put in context)

For those that don’t know economic warfare (over crude) was the Reagan administration’s strategy to hastened the collapse of the USSR. At the time the CIA chief was William Casey and what he brought to the table was an econ background.

Basically history shows after the USSR invaded Afghanistan, the US military didn’t respond directly but instead the USA used a thousand cut strategy. On the political side we saw Thatcher, Pope John Paul II, Lech Walesa, and untold others pressure the Soviet Union from many sides. On the economic battle front, the CIA plan put the squeezed on the USSR by getting the KSA to ramp up oil production which drove down global prices (AND under cut the cost to produce oil in the USSR).

Because the USSR did not produce any products the west wanted (other than oil), the CIA strategy was brillant in than it forced the USSR into bankruptcy since they could not afford to buy guns and butter.

This economic warfare strategy helped the US export economy as well because the KSA had lots of cash from oil sales, this allowed them to by expensive weapons systems like the AWACS and F15s. The US domestic economy was booming as well, with cheap gas prices consumers bought lots of low mileage SUVs produced by US auto makers.

As I see things NOW, the various PTB (USA, EU, Russia, KSA, Iran, etc.) are using the old CIA playbook to try and economically screw the other players in an UN-orchestrated clusterfuck

said another way, in a world now tied together via trade, the various global players players are all trying to figure a way out of this mess where too much “credit” money is trying to find return in a world with too much production capacity and not enough demand by “credit” worthy counter-parties…

[moneymaker]

Excellent and poignant response however there are other viewpoints http://www.politifact.com/punditfact/statements/2014/mar/13/michael-reagan/ronald-reagans-son-says-his-father-got-saudis-pump/

[paramount]

I’d like to understand how the market jumped 1% in 10 minutes today.

[phaster]

[quote=paramount]I’d like to understand how the market jumped 1% in 10 minutes today.[/quote]

so would I…

for now my best guess is its a ghost in the machine

[livinincali]

[quote=paramount]I’d like to understand how the market jumped 1% in 10 minutes today.[/quote]

Because we’re in a volatile market that has the potential to crash. This kind of stuff happens in those type of markets. There we 10+% up days in the middle of the 2008 crash. Those rallies didn’t last very long usually a day maybe 2. If the market is going to crash I’d expect a decent sized rally somewhere in the next month or 2 in which everybody signals the all clear right before things fall apart but you never know . I’d definitely be careful here, but I don’t know that I’d bet the farm on shorting this market either. Making money in a potential bear market is a lot easier said than done. It looks really easy in hindsight but not when you in the middle of it.

Then again small investors are probably going to get taken for the ride this time just like they did in 2000 and 2008. Even though they said to themselves they’d never let it happen again they are going to let it happen again.

[ltsddd]

[quote=paramount]I’d like to understand how the market jumped 1% in 10 minutes today.[/quote]

It looked like the selling in the morning was a bit of like capitulation. Smart money is probably screaming buy. Most likely large institution were picking bargains at the end of the day.

[ltsddd]

dup

[Author]

Posts