Rapture verdict ad 1
The Beginning Of The End Ad
Gold Buying Guide: Golden Eagle Coins
Lear Capital: The Best Source for Buying Gold & Precious Metal Investing

Recent Posts

Michael and Meranda's New Show

Michael On Television

Economic Collapse DVD The Preppers Blueprint Economic Collapse Blog Get Prepared Now Ad

The Oil Crash Of 2016 Has The Big Banks Running Scared

Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on LinkedInShare on StumbleUponEmail this to someone

Running Scared - Public DomainLast time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis.  Since the start of 2015, 42 North American oil companies have filed for bankruptcy, 130,000 good paying energy jobs have been lost in the United States, and at this point 50 percent of all energy junk bonds are “distressed” according to Standard & Poor’s.  As you will see below, some of the big banks have a tremendous amount of loan exposure to the energy industry, and now they are bracing for big losses.  And the longer the price of oil stays this low, the worse the carnage is going to get.

Today, the price of oil has been hovering around 29 dollars a barrel, and over the past 18 months the price of oil has fallen by more than 70 percent.  This is something that has many U.S. consumers very excited.  The average price of a gallon of gasoline nationally is just $1.89 at the moment, and on Monday it was selling for as low as 46 cents a gallon at one station in Michigan.

But this oil crash is nothing to cheer about as far as the big banks are concerned.  During the boom years, those banks gave out billions upon billions of dollars in loans to fund exceedingly expensive drilling projects all over the world.

Now those firms are dropping like flies, and the big banks could potentially be facing absolutely catastrophic losses.  The following examples come from CNN

For instance, Wells Fargo (WFC) is sitting on more than $17 billion in loans to the oil and gas sector. The bank is setting aside $1.2 billion in reserves to cover losses because of the “continued deterioration within the energy sector.”

JPMorgan Chase (JPM) is setting aside an extra $124 million to cover potential losses in its oil and gas loans. It warned that figure could rise to $750 million if oil prices unexpectedly stay at their current $30 level for the next 18 months.

Citigroup is another bank that also has a tremendous amount of exposure

Citigroup (C) built up loan loss reserves in the energy space by $300 million. The bank said the move reflects its view that “oil prices are likely to remain low for a longer period of time.”

If oil stays around $30 a barrel, Citi is bracing for about $600 million of energy credit losses in the first half of 2016. Citi said that figure could double to $1.2 billion if oil dropped to $25 a barrel and stayed there.

For the moment, these big banks are telling the public that the damage can be contained.

But didn’t they tell us the same thing about subprime mortgages in 2008?

We are already seeing bank stocks start to slide precipitously.  People are beginning to realize that these banks are dangerously exposed to a lot of really bad deals.

If the price of oil were to shoot back up above 50 dollars in very short order, the damage would probably be manageable.  Unfortunately, that does not appear likely to happen.  In fact, now that sanctions have been lifted on Iran, the Iranians are planning to flood the world with massive amounts of oil that they have been storing in tankers at sea

Iran has been carefully planning for its return from the economic penalty box by hoarding tons of oil in tankers at sea.

Now that the U.S. and European Union have lifted some sanctions on Iran, the OPEC country can begin selling its massive stockpile of oil.

The sale of this seaborne oil will allow Iran to get an immediate financial boost before it ramps up production. The onslaught of Iranian oil is coming at a terrible time for the global oil markets, which are already drowning in an epic supply glut.

Just the other day, I explained that some of the biggest banks in the world are now projecting that the price of oil could soon fall much, much lower.

Morgan Stanley says that it could go as low as 20 dollars a barrel, the Royal Bank of Scotland says that it could go as low as 16 dollars a barrel, and Standard Chartered says that it could go as low as 10 dollars a barrel.

But the truth is that the price of oil does not need to go down one penny more to have a catastrophic impact on global financial markets.  If it just stays right here, we will see an endless parade of layoffs, energy company bankruptcies  and debt defaults.  Without any change, junk bonds will continue to crash and financial institutions will continue to go down like dominoes.

We are already experiencing a major disaster.  Things are already so bad that some forms of low quality crude oil are literally selling for next to nothing.  The following comes from Bloomberg

Oil is so plentiful and cheap in the U.S. that at least one buyer says it would pay almost nothing to take a certain type of low-quality crude.

Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it offered to pay $1.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a corrected list of prices posted on its website Monday. It had previously posted a price of -$0.50. The crude is down from $13.50 a barrel a year ago and $47.60 in January 2014.

While the near-zero price is due to the lack of pipeline capacity for a particular variety of ultra low quality crude, it underscores how dire things are in the U.S. oil patch.

A chart that I saw posted on Zero Hedge earlier today can help put all of this into perspective.  Whenever the price of oil falls really low relative to the price of gold, there is a major global crisis.  Right now an ounce of gold will purchase more oil than ever before, and many believe that this indicates that a new great crisis is upon us…

The number of barrels of oil that a single ounce of gold can buy has never, ever been higher.

Barrels Of Oil Per Ounce Of Gold

All over the planet, big banks are absolutely teeming with bad loans.  And to be honest, the big banks in the U.S. are probably in better shape than some of the major banks in Europe and Asia.  But once the dominoes start to fall, very few financial institutions are going to escape unscathed.

In the coming days I would expect to see more headlines like we just got out of Italy.  Apparently, Italian banks are nearing full meltdown mode, and short selling has been temporarily banned.  To me, it appears that we are just inches away from full-blown financial panic in Europe.

However, just like with the last financial crisis, you never quite know where the next “explosion” is going to happen next.

But one thing is for sure – the financial crisis that began during the second half of 2015 is raging out of control, and the pain that we have seen so far is just the beginning.

  • Bill

    When banks start failing again currencies will begin resetting. When that happens the pockets of the working class will really begin to empty and it will be game on for rebellion.

    • SP2300ROFL

      If you’re too weak to thrive in a sugar coated environment with access to every imaginable resource doubtful your foolish dreams of rebellion during strife will be noticed by any outside your trailer parks.

      • Bill G Wilminton NC

        SP2300ROFL Just more BS !

      • mtntrek3

        Soooo……… what are your grandiose plans to thrive when what’s left of our economy craps out? I suppose you think it’ll never happen. If people can’t see what is going on in the nation/world economically…… they’re either deceived, delusional, misinformed or possibly stupid.

        • SP2300ROFL

          Of course they are – please keep them informed of your secrets to success from your bunker

          • mtntrek3

            We do what we can with what we can afford/are able to do to help sustain ourselves when the proverbial SHTF. Ultimately as this world is temporal whether in better times financially or worse times….. everyone should prepare for eternity first and foremost through Christ.

          • John Higson

            You stick to your own delusions about your non-existent imaginary friend and stop telling everybody about it! Many of us are simply not interested in your mental health problems! It’s bad taste and bad manners to bring it up in company! This is the interweb and not backroad Backwardstown USA, the vast majority of us are not deluded by fairy stories so give it a rest!

          • Lennie Pike

            It’s obvious the “fairy” stories get under your skin and cause you discomfort. Why do you suppose that is true?

          • JF

            Holy Spirit is goading him!

          • Lennie Pike

            That’s how it worked with me – thank God.

          • John Higson

            Not the stories, just the continual bringing up of the stories which I have evaluated and rejected. Proselytization is such a f—–g drag!

          • bigskygrl

            Sorry, but christians are not going to “give it a rest” just because you say so or because you are offended by the cross! If you can’t stand even the slightest mention of Christ, go back to your politically correct, liberal progressive/atheist/socialist/marxist/1st Amendment hating/ LGBT blogs. Btw…I LOVE back roads USA…where truth, honor and values still exist.

          • awb22

            You’re the one replying. I don’t see any condemnation of your constitutionally held beliefs by anyone else. Why is that?

            If you don’t like it, feel free to crawl back under your rock.

          • John Higson

            Don’t have any ‘constitutional held’ beliefs(?). I’m British. I didn’t think ‘beliefs’ had anything to do with the constitution, only ‘rights’, they are not the same thing!

          • awb22

            Well, pardon me, your highness! The USCON only upholds what God has bestowed, and that is your right to your beliefs. It’s called free will. Only a dunce challenges a person’s free will right to their personally held belief, and you, sir, are a dunce!

          • Lennie Pike

            I knew you were British remember? Maybe I could be on to something with my last comment to you – do I have a point?

          • John Higson

            Which comment?

          • Lennie Pike

            The comment bout me thinking that you might be one of us, and I don’t mean those of us who have been stiffed by TPTB. I was pretty perceptive about you being British when you could have easily been mistaken to be from about ten other countries.

            And science aside because it doesn’t have anything to do with what is necessary to become a Christian, there are tons of scientific evidence that point to the existence of God.

          • John Higson

            No, there isn’t!!!!! Not even close. But, I will have a look at this evidence and get back to you, if only to seed doubt in your mind!

          • Lennie Pike

            Seeding doubt in my mind is impossible.
            I couldn’t care less if I were to die five seconds from now. How sure is that?

          • John Higson

            Then kill yourself if you are assured of heaven and eternal happiness at God’s side in glory! Oh, I forgot, that’s been classified as a mortal sin by the people who benefit monetarily from you being here, How F—ing convenient! If you were so certain of it, you WOULD DO IT though, but you ain’t and neither is nearly anybody. That tells you all you need to know…….

          • Lennie Pike

            Might as well begin with what Albert Einstein had to say about the existence of God – he qualifies as a scientist I would think.

          • John Higson

            And this is what he said-

            “The word God is for me nothing more than the expression and product of human weakness, the Bible a collection of honorable, but still purely primitive, legends which are nevertheless pretty childish. No interpretation, no matter how subtle, can change this for me.”

            I have this saved to use anytime an ignorant religionist claims that Einstein actually believed in a personal god. He didn’t.

            It is telling that you could be so credulous as to accept the religionist propaganda. And anyway, how the F— is that evidence for god!!!! Even if he was a believer, it’s only one man’s opinion(albeit a significant man) no more or less weighty than you or I!

          • K

            You might want to click on the most important thing at the top. You are on a Christian owned and run blog. Making your statement most inappropriate.

          • mtntrek3

            Hmmmm. O.K. . Sounds as though you’re an atheist……… and an angry, intolerant one at that. Each to his own.

          • Lennie Pike

            Each to his own? I disagree. I will keep working on this guy – seems to be one of us but just doesn’t know it yet.

          • mtntrek3

            Yes we should pray for him and others that aren’t saved. However free will in each of us takes precedence. Hopefully ones like him will come to know the Lord before it’s too late. I hear you.

          • John Higson

            ‘One of us’

            If you mean concerned about the way we are all being stiffed by the PTB and the banks then I agree. If you mean christian/religious person, you could not be more wrong! Been there for the first 14-16 years of my life and saw the better of it. I’m an agnostic/atheist and a pretty spiky one, with multiple science degrees. I would need some pretty extraordinary evidence to even begin to convince me of any of any religions extraordinary claims! And that is simply never gonna be forthcoming!

          • Lennie Pike

            What you saw for the first 14 or 16 years was not it. I was there for that also.

            “Seek and ye shall find, knock and the door shall be opened to you” means you and only you and not any organized religion or teachers of religion whom Jesus Christ himself warned about.

            If you do decide to seek, I advise reading the New Testament alone by yourself to find out if you recognize the voice of your Master.

            Science doesn’t have much to do with things spiritual so attempting a scientific search isn’t going to get you very far.

          • JF

            Amen! I feel sorry for those who will learn the hard way that they were wrong – and there will be no turning back then!

          • Bill G Wilminton NC

            just BS BS BS from this turkey gobble gobble SP2300ROFL

        • Rorschach

          His grandiose plan is to go to “Camp Fema”. Where he and his other fellow sheeple will be processed accordingly.

          • mtntrek3

            It’s tragic, but one day such things will take place.

          • Rorschach

            But is it undeserved? I don’t think so. After all it’s willful denial and ignorance.

          • mtntrek3

            When I think about it…….. it could be the other way around. Believers rounded up that don’t comply to the NWO. We that will be considered enemies of the state (non- conformers) will be sent to such camps. As horrible as those days will be if we’re here to endure them…….. better to die a non- conformist (not taking the mark) than the alternative. God help us.

      • Bill G Wilminton NC

        more sugar coated BS SP2300ROFL

    • Bill G Wilminton NC

      Bill just ignore the BS of SP2300ROFL

      • SP2300ROFL

        Keep begging hayseed ROFL

        • Rorschach

          And you are here because? Oh that’s right trolling is your daily occupation.

      • Bill

        Wish Michael would take out the trash.

        • SP2300ROFL

          He does and sells it to the uneducated rubes

          • Bill G Wilminton NC

            SP2300ROFL such BS

        • Bill G Wilminton NC

          Bill can you imagine being such a loser as…. SP2300ROFL…… that this is his life ha ho har har hee hee ho ho such a loser !

    • Steeve Girard

      It stands as a possibility.

    • alan

      FED prints…banks now OK.

  • K

    All part of the plan. The nonsense will continue until there is no middle class left.

  • Mad Monkey

    Yip, have been posting for a few weeks now the next thing is
    liquidations and layoffs. I work in a
    small Australian outback mining town.
    Our scrap steel collector that come up from the big smoke and has been
    doing so for years, a good bloke phoned today saying he has be let go – it is
    depressing. China selling steel below
    cost to deal with oversupply and stock overload is causing problems across the
    world. Oil is just the tip of the spear. The only word that comes to mine is that Contagion
    has set in and am expecting the ripples to soon become a tsunami.

    • SP2300ROFL

      Junk yard worker in Australian outback was layed off another sign the end is near!!! Back to your bunkers!!!! Contagion has set it!!! Roflmao

      • Mad Monkey

        It is a bit more than that, scrap steel went for over +$20 a tonne.. Being giving it away for free for the last 9 months. It has got so bad the company can’t even afford the collection costs.
        It is a sign of systemic problems – I have worked and lived in three different countries/continents never seen this before.

        • Mike Smithy

          I feel your pain. Just last week I took a big load of scrap metal to an area recycler and only received a penny per pound. The proceeds didn’t even pay for the fuel to deliver it.

          • SP2300ROFL

            learn to separate ferrous from non ferrous and look for another facility that pays closer to market prices jmho

          • Bill G Wilminton NC

            how about nonferrous from ferrous BS

        • SP2300ROFL

          You likely mean over $200/ton several years back when China’s infrastructure build out built 22x what USA did in 200+ years in just over one decade. Brilliant how they held metals at such premiums while unloading their oversupply worldwide. As for today’s price levels which have been seen in the past and lower – as low as half cent / lb in 1990s they are still significantly higher at two cents /lb or $40/ton. Adapt and accumulate copper2 or wire1 at a discount and learn to profit from normal business cycles jmho.

          • Rorschach

            In other words you are BS’ing as usual. SP2300BS.

          • Bill G Wilminton NC

            BS non stop babble BS SP2300ROFL

      • Rorschach

        “Back to your bunkers!!!! Contagion has set it!!! Roflmao”

        Yea that’s all you can write. You are so predictable it’s not even funny.

      • Bill G Wilminton NC

        bunker BS from SP2300ROFL

    • Bill G Wilminton NC

      Mad Monkey just ignore SP2300ROFL ‘s BS

  • Mad Monkey

    It is always worse than what they say it is. I am sure the banks have exposure to JNK bonds and plenty deals through the shadow banking industry that is probably even larger than the formal loans. I read articles that say the Fed is intervening in the debt.
    But like Greece no point in getting rid of the debt is you still have to live on borrowed money. US oil producers cash flow should be all burnt by now, if you produce below cost recovery you need to keep borrowing. Who is going to lend them operational cash??.

    • SP2300ROFL

      Media sure has you spun

      • Bill G Wilminton NC

        more BS BS BS

    • Bill G Wilminton NC

      Mad Monkey SP2300ROFL cant turn his BS off lol

    • Steeve Girard

      We should not, we should let them fail… and then seize their assets, and liquidate them.

  • whats a few trillion

    trillion here,trillion there,it will all eventually get papered over .nobody goes bankrupt in the fed driven economy (ever),the 2 trillion in shale losses will be papered over with a clik of the mouse button,no one is allowed to fail in the matrix,the printing press can fix anything

  • Matt M

    Beware of “Peak Oil”

    • SP2300ROFL

      Roflmao. Excellent !!!

      • bigskygrl

        Learn some more urban slang. Roflmao just ain’t cute no more, unless you roll your ‘A’ right out the door.

        • Rorschach

          Yep. It’s too bad his vocabulary consists of “lol” and “roflmao”. The he pretends to talk about economics. Key word being “pretends”.

          • Creepy Pedro

            He’s a nerd over at cnbc trying impress uneducated rookies like drace and jrl….sp2300 where’s the bottom of this market?

          • Rorschach

            SP2300ROFL is walker though and probably Jazz and dow25 and the other posters like recovery. Probably an overworked, underpaid (if paid at all), Obama troll.

          • bigskygrl

            Yes, he thinks he is intellectually superior to the readers of this blog because he has studied a little financial vocabulary, but really he’s just a foolish, hateful little person educated beyond his intelligence.

        • Creepy Pedro

          lol “rofl” was cool 10 years ago…this sp2300 aka Fwalker16 is just a kid playing with mommie’s computer

          • Mike Smithy

            Yep. I guarantee you that he is still living in his mom’s basement.

      • Bill G Wilminton NC

        more BS

    • Bill G Wilminton NC

      Just ignore SP2300ROFL ‘s BS

    • Steeve Girard

      Yes beware of conventional oil peak. When it happens, the psychopaths will switch the system back to coal.

      • John Higson

        Conventional Peak Oil was in 2005. Peak all liquids was probably in September last year. It’s all downhill from here!

        • Lennie Pike

          Oil is a renewable resource. H2O has no place to go other than into orbit.

          • John Higson

            And your reason for thinking this is what? All oil so far found is biological in origin. Irrefutably and beyond any question. The biomarkers in crude oil attest to this.

            I’m not saying that oil of an abiotic origin is impossible and some really geochemical stuff I’ve seen and read about suggest that it is a plausible hypothesis, but it’s never been found, not in 160 years.You make an extraordinary claim but do not produce any extraordinary evidence, therefore you can be dismissed without prejudice. Do you have anything to back your assertion up? Then it’s nonsense(I have a BSc in Geology and have earned the right to an opinion!)!

          • Lennie Pike

            For starters begin with Jerome Corsi’s book “The great oil conspiracy” or “fraud” I forget which, and see Professor Thomas Gold of Cornell University. Being a Geologist you may have at least heard of them.

            Their theories were backed up by hands-on knowledge gained in the field (ironically) during the BP oil disaster in the U.S. Gulf of Mexico.

          • Lennie Pike

            Don’t dismiss my quite yet.

          • John Higson

            I have heard of them, but their hypotheses are fringe, to say the least! The best evidence of abiotic origin that I’m aware of was the Russian/Ukrainian geologists from the 50’s. They apparently produced oil from ridiculous depths, where iot should have been cracked to methane. Not sure I believe it. And in a world where we consume 95 million barrels a day insignificant anyway.

            Another point is that it’s not ALL abiotic, as I mentioned it contains biomarkers which confirm biological origin and even if some of it is produced renewably, it’s not enough to power our civilization as it is configured now!

            The Deep Water Horizon disaster raised some questions for me, too, but not enough to invalidate the current paradigm, not even close!

          • Lennie Pike

            O.k. John Higson, for the time being I will consider myself dismissed.

          • John Higson

            What does

            ‘H2O has no place to go other than into orbit’

            mean? Water doesn’t go into orbit, it stays in the atmosphere. The only things that have a mass low enough to escape Earth’s gravity are H2 and He.

          • John Higson

            And here’s some more-

            ‘The Swedes, in fact, drilled in Siljan at Gold’s behest and only came up with 80 barrels of oily sludge over a six year period, which easily may have been residue from oil lubricant used in the drilling machinery. Abiotic oil proponents, however, continue to cherry-pick minor increases in production at certain oil wells and declare it as “proof” of abiotic oil.’

            I would post a thousand links giving you no doubts after reading them that if it does exist, abiotic oil is insignificant, but this website is very awkward about links and often doesn’t allow them through. You NEED to trust me on this, abiotic oil is a mirage and false hope and utterly discredited as a way to maintain society as it now stands. Oil is finite and it’s now on the downslope of the depletion curve(finally!), things get rocky from here on in!

          • Steeve Girard

            (Parodying Across The Universe)
            Captain Cosmos told meeeeee!
            Ahmmmmmmmm!
            May the force be with yooou! x4

          • Lennie Pike

            Are you a Petroleum Geologist?

            Do you believe the earth is flat, or are you up to speed on the latest knowledge.

            I knew I’d get a bite with that one. Do you want to be reeled in or turned loose?

            What about water – it’s a liquid. Do you think we’re at peak h2o?

        • Steeve Girard

          We are still in the portion called the peak…. it’s hovering up and down around it…. wait 14 years to have clear statement that it is going down.

  • interrogatory

    Remember this article? (3/3/2011)

    *Wars, Rumors Of Wars, Skyrocketing Oil Prices And Global Economic Chaos – Why Is All Of This Happening?

    EXCERPTS from this article …..

    #1 “But if Saudi Arabia sees the same kind of chaos that we have seen in other countries in the Middle East there is no telling how high the
    price of oil could go. Could we see $125 oil? Could we see $150 oil?
    Could we see $200 oil?”

    #2 “For example, are you ready to pay 5 dollars for a gallon of gasoline in the United States?”

    #3 “The entire U.S. economy was designed to operate on massive amounts of very cheap oil.”

    #4 “For example, are you ready to pay 5 dollars for a gallon of gasoline in the United States?”

    #5 “Meanwhile, gold has set a new all-time record this week and the price of silver is absolutely exploding.”

    ***************************************************************************

    Bad things can happen, but if you think you can put a time frame on them go back and read any of the articles on this blog from 5 years ago and you will see the same urgency and prediction of IMMINENT collapse.

    Every day is a new crisis. Every day collapse is just around the corner. Every day a new reason for our economy to plunge into the abyss.

    One day the author may be right. Alwaystomorrow. :-)

    • SP2300ROFL

      Roflmao!!!!

      • Rorschach

        That’s what I thought when reading your posts.

      • Bill G Wilminton NC

        BS BS BS BS……SP2300ROFL

    • Joe Woolf

      You must admit, this country ( and many others ) are in a different territory now…. massive debt…. the fed can’t even successfully raise interest a quarter point without major problems….. all the govt. numbers are so messed up and dishonest, you can’t trust them. The banking rules are a joke…. If people were to wake up and understand what they’re actually doing, there would be angry mobs with pitchforks…

      So, just because it hasn’t happened today doesn’t mean we’re not in a mess….. We’re down about 15% since the market highs now and, it doesn’t look good for the near future…..

      If the banks hold together then, the song keeps playing but, junk bonds could do them in or if derivatives get to them…. EM market exposure… and, it’s not just that…. eventually, we’ll have soverign (sp?) debt issues.

      • SP2300ROFL

        I would not let media fear mongering get you so stressed central banks have been tested hard in 08 and brilliantly proven they can navigate through even the most significant disruptions. Doubt that and laugh if you’d like however they have plenty of options and flexibility going forward and those with education and experience will recognize the cyclical nature of the events and continue to benefit from them. Those that don’t will remain behind the curve and again be whipsawed. CBs have added incredible amounts of liquidity and are now keenly focused on the velocity of money. Snap out of it or the fear mongers will continue to dupe you of your share jmho

        • Rorschach

          “I would not let media fear mongering get you so stressed central banks have been tested hard in 08 and brilliantly proven they can navigate through even the most significant disruptions. ”

          That is hilarious. You cannot even backup that claim. So what was TARP then? You should just jump off the tallest building because you just won a Darwin award for your stupidity.

        • Lennie Pike

          Joe Wolf: Instead, buy physical silver and gold and take delivery into your own possession! Now!!!!!!!!!!

          • Lennie Pike

            Silver rounds at $15 each? Are you kidding me? 70:1 (gold:silver) and that is with gold at give away prices!

        • Bill G Wilminton NC

          ha ha ho ho har de har hee hee oh my such BS it is precedent setting lol ha ha jus t more and more and more BS from SP2300ROFL………..

        • Joe Woolf

          I’ve looked at various data over the last few years. I do believe in 08, we came close to losing control over the derivatives and the contagion they caused over AIG etc. Nothing seems to be fixed and, the entire globe at the moment seems to be teetering.

          I can’t overlook what you say because the central banks do collaborate and, QE4 may be just around the corner juicing the patient even more but, at this point, hardly anyone is spending anything… it appears that it’s not just housing causing it this time and, the leak(s) may be harder to supress.

          We will see if you are right or not but, in Oct. all my 401k got parked…. So far, that’s looking like a very wise move. We will see, however.

        • Joe Woolf

          I’m definately not laughing at your comments. You seem to be in the majority of investors out there.

          The, ‘limits’ of these banks is almost endless, that is true…. it’s the only thing that got us out of 08 and that is when the treasury put a gun to their heads so, I get all of that…. The capacity of the govt. and banks to break the law and make up policy as they go will not stop anytime soon either.

          It’s also very volatile at the moment and, when you simply add up all the numbers, something will have to give eventually… even if we manage to get ourselves out with qe4 or nirp rates.

          The truth is when consumers stop buying then, it all stops….. there is no 13th marble… When debt isn’t being issued, it’s all over.

      • Lennie Pike

        The solution to the mess these criminals have left us is for each of us to get into our physical possession as much physical gold and silver as possible right now so to use our money and not the money of this criminal gang.

        It is a great time to use all of your available credit to obtain their worthless fiat money to purchase as much gold and silver as possible. That debt will be easily paid with even more debauched fiat money etc. because they will lose control of the price of gold and silver if only a small percentage of people begin to buy.

        If enough people begin to buy (not a lot necessarily) there may not even be a reason to repay the lenders because they will no longer exist!

        By design there will be no liberty with their cashless system. We do not have to use the money of criminal totalitarian slavemasters.

        BUY GOLD AND SILVER NOW!!!!!!!!!!

        Remain free, healthy and alive!!!!!!!!!!!!!

    • Kev W

      I haven’t commented before but felt compelled to after reading your comment. What planet were you living on for the past few years …. In the United states millions of people lost there homes, jobs and retirement savings were ravaged. The car industry in the US was a heart beat away from no longer existing. The Arab spring saw revolutions in many countries with countless lives lost. Invasions of Srybia and Lybia which has displaced millions of people that are now flooding into Europe creating untold tensions and civil strife. 700 BILLION bail out of criminal Wall Street banks.

      interrogatory when you have something relevant to say we’re all ears…

      • Steeve Girard

        My answer to interrogatory applies to you.

    • Steeve Girard

      That is what happens when you try to control Nature, with human intervention. You force chaos to take over and reconnect the excluded systems back to reality.

    • Malcolm Reynolds

      Please ignore that the price of oil did surge above $125 and it did the economy no favors for years.
      One day you’ll be educated, but until then, you’re still simple.

    • John Higson

      That’s how the author gets his clicks! And yes he will be right soon, and will claim he predicted it right on the button! Cognitive dissonance is a useful and convenient tool for the permanently early!

    • Steeve Girard

      Again that is chaos theory… if a possible way has been blocked prior to what was evident before, by human intervention. Know that chaos takes over and reconnect the excluded system back to reality, in a less desirable way.

  • Mike Smithy

    Did anyone happen to notice that the Baltic Dry Index (BDI) just hit a new all time low of 369? Does anyone venture to guess how much lower it will go?

    • SP2300ROFL

      Buy low? Sell high? Silly concept?? Roflmao

      • Bill G Wilminton NC

        SP2300ROFL har ho hee hee ho ho such BS BS BS

      • Bill G Wilminton NC

        buy BS low sell BS hi just more BS fromSP2300ROFL

    • REALIST

      “0”

      • SP2300ROFL

        Correct ! :)

    • Bill

      Depends on China.

      • Mike Smithy

        How so? Tell me more about your perspective.

    • itscoming

      I read a comment the other day that said the BDI will go to whatever it was for Columbus. LOL

    • Steeve Girard

      The question would be, with the new high tech way of shipping (via internet and local shipping), and the new way to select product providers (by internet selecting local providers over international providers), will the index ever climb again? The shipping industry as it is, is a dinosaur.

      • Mike Smithy

        Just wait until the Star Trek particle transporter becomes a reality. Yea, take that FedEx, Or not.

  • SP2300ROFL

    The Economic Comedy Blog !!!

    • Bill G Wilminton NC

      The COMEDY is SP2300ROFL ha ha ah ho har chair broke

      • SP2300ROFL

        As broke as the owner

        • Bill G Wilminton NC

          whooo hooooo har har ho ho hee hee ha ha SP2300ROFL BS BS

    • Powers Beyond Imagination

      I’m getting a laugh with useless speculators and large corporate’s losing it.

      • SP2300ROFL

        As they laugh at you with zero :)

        • Powers Beyond Imagination

          Just like you when the SHTF they’ll be jumping out the windows of the many high-rises they built.
          Out of all the emotions to experience during this – it won’t be joy. Zero for them and you!
          However, if I jump out of a window it will be on the ground floor and I’ll put a trampoline underneath it.
          Like so many of us waiting in the wings this will be a bounce to a change of fortune.

          • SP2300ROFL

            Meanwhile your imaginary powers have you ranting and raving how “speculators and corporations” will be doomed falling from basement windows – well after the commodities and broader stock indices are now at basement level prices. Brilliant forecasts power beyond imagination. ROFL at comedy beyond imagination you provide. Thank you. :)

          • Powers Beyond Imagination

            By the way whatever we want to achieve starts with our imagination.

            But first you have to have a mind – you don’t seem to qualify.

            SP2300ROFL before you reply to anyone, read what they have written carefully.
            “commodities and broader stock indices are now at basement level prices” Yes your quote which shows you do agree with the information on this site.

            But this is just the beginning. The prediction is that there is more to come ROFL.

          • Steeve Girard

            A lot of bankers and high rank people have jumped the windows in the past 10 years, thousands. Check at least the list of dead bankers.

        • Bill G Wilminton NC

          SP2300ROFL powerful BS lol

      • Steeve Girard

        So do I.

    • FirstLowThenHigh

      Buy low, sell high!

    • Rorschach

      SP2300ROFL aka Jazz aka DOW25K aka Recovery. Nice try there troll. The only comedy is the one you provide because you try so hard and fail so hard.

    • Malcolm Reynolds

      And of course, back here where we’ve all been living in what we like to call reality, you’ve offered….wait for it…. nothing.
      Man, you changed minds and educated people. Oh wait. But hey, at least you’ve gained some followers that aren’t laughing at you….at all.

  • Jorma

    Just as in the days of Noah, everyone laughed at him as well just like you all are laughing at the author of this blog. I have one question for you – can you swim punk?

    • Lennie Pike

      Everyone should be building an Ark right now.

      That Ark is silver and gold. It is being given away by fools who think it’s price will never rise.

      It will soon be known as the highest appreciating investment in history.

      The best way to throw a monkey wrench into the plans of the NWO would be for 100 million people to buy one troy oz. of gold – an amount equal to twice the gold reserves of China.

      The longer the wait, the higher, the price of course – but still a great deal.

      • jason

        Yeah that will make a difference. I am sure that everyone wasting money on 1 oz of gold will really show them. And good. Do you have any recommendations as to which company we should all flock to and do this. I bet you earn a commission on it.

        • Ryan

          Wait, crazy Lennie might be onto something. If everyone had an even limited dividend of a certain commodity, it could and would be covetted to have more. It could then be leveraged as money as it once used to be in the past. But there were alot less people before 1933 when the feds confiscated the peoples wealth

          • Lennie Pike

            And Sherlock, what difference does it make how many people there were before 1933, or was the purpose of that comment to cause people to fear that their gold may be confiscated by the feds yet again?

            Before 1933, people had not yet been abused by these fed criminals to the extent they have been today, and the fed was still trusted somewhat by The American People. How times have changed huh? I want to see how successful the feds are this time around in confiscating gold if they have the guts to try – the result will be a “little” different.

            Come and get it – the firearms too.

            This is most certainly a NWO troll desperately trying to dissuade people from bringing them down.

            Silver and gold: BUY, BUY, BUY!!!!!

            Stocks and bonds and all other worthless paper lies: SELL, SELL, SELL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

          • Steeve Girard

            Point for you.

        • Ryan

          Silver is extremely undervalued compared to gold. Either gold should be worth $280 an ounce or silver should be worth about $80 an ounce…

          • Steeve Girard

            Ding!

          • Lennie Pike

            You meant to add one or two more zeros to the price of gold didn’t you? And maybe one more to silver?

            THIS GOLD AND SILVER TOPIC THAT I AM NOW GOING TO KEEP HARPING ON IS GOING TO DRIVE THESE TROLLS INSANE BECAUSE UNKNOWN TO MOST EVERYONE, AND FOR SOME VERY COMPLEX (AND SIMPLE) REASONS, PRECIOUS METALS ARE THE SOFT UNDERBELLY OF THE NWO. THE NWO TROLLS WILL BE RECEIVING THEIR INSTRUCTIONS ON HOW TO APPROACH THE TOPIC SINCE I AM SURE THEY ARE TOTALLY CLUELESS.

            I recommend getting new trolls that can handle the new assignment. The present ones ain’t gonna cut it.

            SIT BACK AND WATCH THE TROLLS GO APESH$T!!!

            Also, read the Golden Jackass site, by Jim Willie among others, and get an education on the manipulated precious metals markets – China is making a move right now to take control of the market – no kidding since that is where most of the gold is now and where the biggest army of the world by far is also.

        • Lennie Pike

          Just trying to help you and everyone else have a better near future. You do not understand the ramifications of 100 million people each buying one ounce of gold or even what precious metals are and represent.

          Buy it from anyone who will sell it to you for a fair price but it won’t be me because I am not a broker and am not selling what I have, I am buying more.

          • Paranoid

            I love silver but I am not sure the 100Mil getting one oz would do much. After all we sold 45mill Silver eagles last year. What did that do.?

          • Lennie Pike

            Did I say to buy 100 million silver eagles Asleepatthewheel? I actually would be paranoid if I were a passenger in a vehicle you were driving – correction it would be actual real fear.

            The ratio of the price of gold to silver is about 70:1, so to suggest buying less than half that amount that amount of silver at $14 per ounce instead of gold at $1,100 is altogether a different issue for that reason and for many more much stronger reasons.

            The fact that you were forced to use a totally irrelevant suggestion to argue against my truthful suggestion, plus the creation of an obvious invented on the spot insulting troll name, demonstrates that what I predicted was correct: that the trolls are going to go apesh$t over this topic and new trolls that can handle the topic are going to have to be brought in.

            Hey Soros Georgie boy (as opposed to a man) – good luck finding liars that are that good because they do not exist.

          • Lennie Pike

            Have you been replaced by a different troll yet?

            Different troll – make yourself known!

            Maybe I was wrong. Maybe the troll masters are afraid to tackle this topic out of fear that individuals WILL begin buying PHYSICAL gold and silver AND TAKE POSSESSION even more than they presently are, not to mention the difficulty of finding any trolls that can put up even half way believable arguments that don’t sound idiotic like this last one.

            I said this topic was the soft underbelly of the NWO and the reason is that there are only two options left for a financial system – a cashless totalitarian system that will enslave the world run by these same criminals who intentionally brought the world to this point and who are right now allowing it to collapse, or a financial system based on real money – gold and silver that is impossible for these criminals to control, and which will allow everyone to live as they choose in Liberty and the pursuit of happiness.

            Looks like the troll masters may be choosing to try to ignore the topic of their exposed and vulnerable soft underbelly in the hopes the topic will go away, but maybe they are in shock with desperation searching for qualified trolls – good luck with that.

            THIS TOPIC WILL NOT GO AWAY AS LONG AS I AM HERE!

            BUY, BUY, BUY!!!!!!!!!!!!!!

            RIGHT NOW!!!!!!!!!!!!!!

            And read The Golden Jackass – the worlds foremost expert on precious metals. I have since 2005, there is a lot to learn when it comes to the subject of money.

          • bob cratchette

            the thing about owning the gold is that a good many of the people that own the gold have a piece of paper saying they own so many ounces and from what i have read is that they have sold more gold on paper than actually exists in reserves to give to these people if they all asked for their gold tomorrow they would not be able to honor all the paper that has been sold.

        • SunnyFlaSnotress

          Lennie thinks he’s the AntiTroll when in fact he’s the UberTroll.
          Jorma, I think most of know how to swim. I don’t know if most of laugh at the author as much as we jeer at him.
          You Michaelites don’t see shades of gray and think that everyone has to be in one camp or the other. Michaelites aren’t bulletproof just because they adhere to Michael.

          • Rorschach

            Yawn upvoting your own comment? That reeks of desperation but that’s nothing new from you.

    • jason

      One thing I will give to the writers of the bible, they sure knew how gullible and stupid people are. How they will always take words written —forever ago and make it about themselves. No matter the time period.

      You do realize that the great flood in the bible was written about in other religious texts, which were written long before jesus ever walked the earth and long before the bible was written?

      No you probably don’t.

      • Holger Jahndel

        There were many civilizations already who decayed and became extinct.

        Now it is the time again…we have more than one problem. Read Michel C. Ruppert (R.I.P.) and Alec Deacons PREPPER websites and literature for survival!

      • Vercingetorix

        Please give us all the information that you possess that disproves the Bible, enlightened one. Many, many, very smart people have tried, yet they all failed. Where’s your proof?

        • Gay Veteran

          find that ark yet?

          • jason

            Even if an ark was found it would not prove that the bible is not just an historical account of a period of time in history. But you know that already, right 😛

          • Lennie Pike

            That would depend on if there were any skeletal remains on board – correction, in the near vicinity.

          • bob cratchette

            any one familiar with the bible and what it has to say about the times and the seasons of Christ’s return can see what is going on around the world and what the bible says about it is coming to pass/ i have said for a while now i think there will be a world financial collapse to help set the stage for the acceptance of the antichrist. i also read an article by mad money jim cramer that one of his friends that was a big stock chart guru that predicted the last crash using the Fibonacci lines said there would probably be another bounce to the upside but soon the bottom will drop out of the market. all the talking heads were saying the same things in 2008 when the market crashed that the market was fine all the fundamentals looked good up until the day that it finally kneeled up on its knees and died. the very things we see happening now usually lead to a war somewhere to get the peoples eyes off of the govt and what it is doing. historically these types of situations we see developing throughout the world do not turn out well.

          • Vercingetorix

            What ark are you referring, and what does that have do with anything? Moreover, you seem to be making a logical fallacy called: appeal to ignorance. Well done!

          • Gay Veteran

            Noah’s ark, and the appeal to ignorance is yours

          • Vercingetorix

            Nope. You own it.

          • Gay Veteran

            yes massa

        • jason

          I could give you the information, but why should I? I have found that unless a person is willing to ask the questions and do the research themselves that nothing I say will matter. My hope in posting is to plant a seed in the willing to search for the truth, rather than regurgitate what they have been taught by their parents, pastors, etc.

          We live in a golden age where you do not even have to get up off your rear and go to the library. All research can be done from home. Although I have to say that google searches are not as good as they once were, but with a little effort, who knows what you will discover.

          Start with gnosticism.

          • Lennie Pike

            You should quit relying on Google searches then if that was the case, which we all know now was an irrelevant search and a waste of your time.

            Learn how to think instead – if it’s not too late.

        • Steeve Girard

          Here’s mine: RBO Super Jesus… french sketch video.

        • Lennie Pike

          Too late to ask him for the information that he probably doesn’t have anyway because I just proved he is an idiot – see my response to his claim about the great flood.

      • Lennie Pike

        Not that the following is the correct answer or the truth because in this case that is irrelevant, but it does discredit the purpose of your statement – which is my goal: Is it possible that the great flood that these other religious texts speak of which were written before the Bible, refer to the same great flood that the Bible refers to?

        Try to grasp the meaning of that question genius, and next time consider the obvious before you make a fool of yourself.

        The one thing in common all of these non-believers and young people with “formal educations” of a joke have in common is the belief that they have an infallible intelligence, and have been taught nothing but truth. They do not realize that they have been indoctrinated because obviously, and this is a perfect example, most university professors have an agenda loyal to the ones who hire them and support their universities financially. That agenda is to produce people who will be loyal followers of the establishment and who have no ability to think for themselves and can only regurgitate the crap they have been taught which is obvious by the “sophisticated” terminology which they love to use but incorrectly.

        Arrogance and pride almost always result in embarrassment as in this case.

        • jason

          I’m sorry I forgot I was dealing with a christian…err I mean simpleton. Yes the bible is probably retelling of the popular great flood story which may or may not have happened.

          Of which other versions exist from time periods well before the bible.

          The similarities are striking and you have to give the authors credit for changing a few key facts here and there (since there were no plagiarism laws back then, nor access to google :-) ).

          Start with the Eridu Genesis.

          P.S. Love how one stupid commercial on tv mocked getting information on the internet and now many people mock this valuable resource. I guess TBTB sure as heck know human nature and how to influence so many people. What a great way to discredit information gleaned from sources most people could never even dream of finding at their local library.

          • Lennie Pike

            So you are saying that you know for a fact that the writers of the Bible based the story of the Great Flood on what they read in the texts of other religions but made a few changes? Prove that to me.

            My entire point which from your response is obvious that you still do not understand, is that no one will ever be able to prove whether The Bible’s account of the Great Flood was plagiarized or whether several accounts of the same Great Flood were independently recorded.

            If you and I ever engage in debate again in the future, you should be aware that you are dealing with a mind that is of a average intelligence, but that from the age of four has been overly trained through the use of an incredible level of discipline to not make mistakes or to make any claims that can not be backed up by a winning argument.

            Awaiting the snide remark – NWO troll.

          • Lennie Pike

            Jason! Where you at? What about the Great Flood?

            By now you’re probably out buying your ounce of gold – it’s only $1,104 + 3% premium. They’re giving it away!!!!

    • David

      I do believe but I think they will just print more money. I dont understand ho the laws of diminishing returns has not taken affect. I personally would like to see the whole thing just come crashing down already. I am getting fatigued waiting. I hope that if it does happen all Good people make it through okay and the wicked pay dearly

      • Joe Woolf

        I want the bad guys gone…. I don’t want the innocent to suffer for it. Millions will lose everything and be in food lines or worse.

        I can’t hope that will happen…. If I had to wish… I wish it’d all implode and the next day, we’d reset with a new currency and, the trials to put all the bankers in jail would begin the next day.

        • Lennie Pike

          That can happen – it did in Iceland.

  • REALIST

    Relax. The supply of Federal Reserve Notes in infinite. It is only paper.

    • Powers Beyond Imagination

      “I’l give you my personal note for 90 days. If that’s no good you can keep the note.” Groucho Marx.

    • SP2300ROFL

      No need to waste paper most is by digital entry welcome to the 21st century

    • Guest

      No, it’s just digits

  • sre

    The price of gas keeps going down. works for me.

    • Rhialto the Marvellous

      Same here.
      Yes, the oil industry’s hurting.
      Yes, oil industry workers are losing their jobs.
      Yes, the economy needs a robust oil industry.

      But I paid their TOO HIGH prices for years, and I use more gasoline than the average citizen. In my opinion, the oil industry should have put all that money aside for a rainy day (now)!

      I’ll take the low prices with a smile.

      • Steeve Girard

        All too true, and human as a reaction.

  • Rhialto the Marvellous

    Peddling fiction – if the BLS used the “old fashioned” unemployment numbers (U-6) they used to report, the U.S. would have 9.9% unemployment. If they decided to go entirely non fiction the number according to John Williams is 23%! In a nation of 330 million, we have 94 million “no longer in the work force” and 46 million unable to feed themselves …30% and 15% respectively. Are these 94 million independently wealthy and do not need work? If we were living in a day of still photographs and radios, the food lines could mostly be hidden. Since we live in a world where everything you do is recorded, these “food lines” are erased by EBT transfer payments …problem solved (at least publicly)!
    – Bill Holter

    • JF

      Don’t forget they count those whose unemployment benefits have run out as ’employed’ rather than report the rise in those applying for welfare.

  • Dow 25K in 2016.

    I am one of the people in denial. I still believe in Obama. He is intelligent, ethical, and most importantly transparent.

    • max gon

      If you believe that, you are not only in denial, you are an idiot.

    • Rhialto the Marvellous

      Absolutely!

      And I still believe in the Tooth Fairy and the Easter Bunny too!

      Yeah!!!!

      • SP2300ROFL

        Tell him about the skyrocketing gold too ROFL

        • Rorschach

          Jazz your split personality has taken over again.

        • Bill G Wilminton NC

          YUP again more BS SP2300ROFL

    • Plextt Plextt

      Unfortunately you are correct about his being intelligent, but an intelligent person would be greatly concerned about that fact, and for obvious reasons.

    • Steeve Girard

      (parodying Obla Di! Obla Da!)
      Obami! Obama!
      In the USA!
      Will not change society!
      .
      Obami! Obama!
      Life goes on! Yeah!
      Will be forbid to do so.
      .
      And they’ll laugh at him!
      Ha! Ha! Ha!
      It’s Obami, Obama! HEY!

    • Rorschach

      Jazz is that you?

  • Liberty First

    Jim Rogers, whom I have long followed, advises that he would not be surprised if oil fell below $20 a barrel. Things are not looking so great. But be patient.

  • greyprepper

    SP2300ROFL = The author of this blog.

    Get a clue people!

    • Based on what do you think so Grey???

    • HeyAHuman

      Lol. Wow. This place really IS going mad.

    • Rorschach

      SP2300ROFL = split personality “Jazz”.

  • Joe Woolf

    pretty safe to say that the system can’t continue the way it has so the question is….. when and how will it fail? How bad will it get?

    It does appear that there is a storm brewing but, how will it go? It would seem that it’s already started…. we’ve lost almost 15% from the market highs already.

    I suppose we’ll just keep an eye on the banks…. I pulled everything out of stocks last October and parked it.

    It’s amazing that they’ve been able to keep all the balls in the air this long, honestly….. the market is so fake now… the players so dishonest that it really doesn’t pay to gamble in there anymore….. at the very least, there is no upside in the market whatsoever at the moment.

    Yeah, I believe it will reset too but, how long will it take? when will it happen?…. and, how bad will it get? all of that has to be answered…. guess we’ll find out together.

    I believe this enough to have taken measures for my family and I and, I seriously hope I never need any of it…..

    • Gay Veteran

      don’t have your money in the big banks, try credit unions

      • Steeve Girard

        Not even them… turn your money into food, clothes and shelter items, the rest better burn it in fun (please or treat yourself) before the hounds are loose.

        • Joe Woolf

          Haven’t gotten there …. yet but, I have a substantial investment in metals that I hold in physical form.

      • Joe Woolf

        Yep, already done, my friend!

  • greyprepper

    Testing…

  • Steeve Girard

    I told in a previous post, in a previous article, that oil price has reached bullcrap levels. I stand by my ground. The price level is unsustainable, it will either flat out, or start to climb, if people were rational. But no…. they are not! The OPEC are now scared that they will not sale their production and be stuck with it, that is why they are pushing it like crazy, albeit the promise of Saudi Arabia to choke production, which I am not sure they can, because even the industry is controlled by high monarchs, the complexity of the decision system there, might make it impossible. Thus continuing the overstock. Same thing with US shale gas, they will pump dry their wells before filing for bankruptcy, in order to mitigate their losses. The worst case scenario in the USA would be that the FED would deal with the oil industry the same way they dealt with the auto industry and the banks, causing more pressure on the Treasury and the common people (more taxes). You people know all too well consequences of increased income tax, and also products and services taxes.

    • alan

      Banks and stawks all can be pumped by a little print action. For oil it will be missiles. Its just a matter of time until we hear “fire one”.

  • Mad Monkey

    US banks have their problems, but they are not alone.
    Headline today: Italian Banks Collapse, Short Sales Banned As Loan Loss Fears Mount
    France is not making any progress either.
    French president declares economic emergency

  • Mike Garland

    The oil industry is in serious trouble, even here in Saudi where I have worked for the past 15 years now. I myself will be unemployed by Jun 2016 when my current project wraps up. So many have loss their job in oil and gas back in the US that its highly unlikely I can count on returning to work there. This is a very sad situation for all concerned; especially those who count on this industry for their livelihood. Its a strange world we are living in. Its time to buckle up and make sure one is right with the big guy upstairs. That’s my recommendation anyway! I guess it time for some Obama bucks and a new cell phone. Ya right!

  • alan

    Here is my theory, So….Over the last year or so we have started to cozy up to the Iranian’s. I am thinking that someone knows the Saudi royal family is about to get to see the business end of a Arab Spring. Which likely means oil will jump way up. Its a win for all the oil producers, at the expense of the Saudi’s. And real good news for our new friends the Iranian’s.

  • ” those banks gave out billions upon billions of dollars in loans to fund exceedingly expensive drilling projects all over the world…”
    PRINTED FROM THIN AIR FROM MONEY THAT DID NOT EXIST AND WITH ZERO COLLATERAL TO BACK IT
    So, those banks are as guilty as hell !!!! As well as they fueled climatic pollution on an obnoxious scale rather than invest in agricultural and ecologically friendly energy production ! net result starvation increase and soon street panic die to the behavioral sink being enhanced by overpopulated cities being overpopulated with individuals low in basic survival skills and very low in antibodies from eating plastic food and plastic water

  • SP2300ROFL

    Oh my volume reversal as djia futures up 225+. Fortunately when this move retraces back 85% for constructive consolidation another article calling it a crash can appear…..with zero economic advantage whatsoever to the misinformed roflmao

    • Jazz

      Wow we agree again. Gold star!

      • SP2300ROFL

        Maybe I better rethink my position then :)

        • Rorschach

          Maybe you better rethink your voluntary trolling career.

        • Bill G Wilminton NC

          YUP more Bs SP2300ROFL

      • Rorschach

        Jazz and SP2300ROFL are split personalities so agreeing with the same person is hilarious.

      • Malcolm Reynolds

        ‘the market changed direction and when the trades shake out and the price finds support again this site will write another crash article.’

        In other words, both you buffoons think he said something profound when he said neither anything insightful nor refuted anything.

        Just another mega millionaire here to take an hour out of his (what would in reality be) too valuable time to remind the plebes that he’s making a KILLING on this market and we’re all slack jawed morons. lmfao! Yup, uh huh.

        Gold Star!

    • Bill G Wilminton NC

      Double talk BS nonsense SP2300ROFL

  • J B

    What do you do when there is nothing left to short ?
    What do you do when it reaches Negative Peak Oil ?
    What do you do, you move on to the next commodity to break, they’ve broken Gold, Silver, Coal, Iron Ore, Oil and Gas such is the power of Money not even worth the money it’s not even printed on.

    • SP2300ROFL

      See exters pyramid

      • Rorschach

        Jazz #2 aka same Jazz.

      • Bill G Wilminton NC

        lol such nonsense SP2300ROFL BS

  • Don Audia

    Everyone acts like there is nothing that can be done to keep the price of oil plunging…if right people wanted the price of oil to rise…it would! this is all happening by design…nothing more…nothing less!

    • John Higson

      There is oversupply, irrefutably. It is simple market forces, supply and demand. Maybe the Saudis planned this, but they certainly didn’t expect it to take so long for the shale drillers to go bankrupt and now they are suffering as well. It’ll be bloody, just not quite yet…….

      • SP2300ROFL

        Crude down 80% from its high not bloody yet???

        • John Higson

          we haven’t had mass bankruptcies in the shale patch and in the banks that lent to the drillers(due in no small part to the FRB of Dallas urging forbearance from foreclosure on banks with mountains of bad and getting badder by the day shale junk bonds on their books!). When a BIG bank suffers massive write downs or a bankruptcy then there will be blood in the streets, and not before!

  • Jazz

    Put on your rally caps boys and gals this market is ready to bounce back. Grab some popcorn and get ready for the show!

    • SP2300ROFL

      Another selling opportunity for nimble scalpers. FRB policy still remains restrictive due to elevated levels of overnight reverse repo agreements. Traders game only IMHO. Two bumps then a stumble old adage regarding transition from easy money policy- long way from gauging the true trajectory of the yield curve- frb brilliantly “managing that via the 10 yr bonds- for a moment expect China & co to adapt and outfox the worlds largest debtor. Best guesstimate fresh lows by mid q2 jmho

      • Rorschach

        So in other words you don’t know what you are saying.

      • Bill G Wilminton NC

        more delusional thoughts from SP2300ROFL

    • Rorschach

      Put on your dunce cap Jazz you are going to need it along with your troll buddies.

    • Malcolm Reynolds

      Thought you weren’t long?

    • Rhialto the Marvellous

      Yeah man, a 27 point bounce-back! We’re rolling in the dough now aren’t we?

    • MaxRockatansky33

      Put on the dunce tin foil hats.

  • John Higson

    I see you’re trying to claim you called it, again! You missed it, just have it! It didn’t start in the last 6 months of ’15, it hasn’t actually started yet, but it is coming soon…….

    • SP2300ROFL

      FRB open market operations began over 100 years ago. Obviously you’ve only been educated regarding that from recent media fanfare. Coming soon ROFL -the moment they stand down it will be apparent to all within a fraction of a millisecond.

      • Bill G Wilminton NC

        more bs from SP2300ROFL

  • XSANDIEGOCA

    ALL ABOARD!! The QE Express is getting ready to leave the station!!

  • SP2300ROFL

    Copper +3% whodathunk? Sign of cyclical recovery? Or classic pullback/retrace of oversold dynamics? Certainly not a sign the doomsday cries are correct.

    • Rorschach

      “Certainly not a sign the doomsday cries are correct.”

      I guess you still think box-cutters brought town the world trade center towers?

    • Steeve Girard

      I know I know some BS from him… stop typing it.
      .
      Really the guy is a troll… but he does sometimes unadvertly hide a legit question in his BS.

    • Bill G Wilminton NC

      hubba hubba more BS from SP2300ROFL

      • Steeve Girard

        I know he’s a troll stop typing this…. he does sometimes unadvertly hide a legit question in his BS

  • Al

    Oil is flowing like water and is dirt cheap, water however will soon be worth its weight in gold

    • SP2300ROFL

      One gallon = 8.3 lbs x 16 oz= 132.8 x $1100./oz = $146,080.00. You can not be serious!!

      • Rorschach

        No you can’t be serious. Stop pretending troll.

      • Rhialto the Marvellous

        But if you’re literally dying of thirst you’ll give all your gold/silver/worthless paper stocks for a drink of water.
        Despite your poison soul, I would give you that water.

      • Bill G Wilminton NC

        mathematical BS from SP2300ROFL lol

        • Lennie Pike

          Keep up the good whackadoodle work.

          • Bill G Wilminton NC

            ha ha I got my BS repellent on

        • Lennie Pike

          Do you think he had to use a calculator?

          • Bill G Wilminton NC

            ha ha lol…………….

    • Lennie Pike

      Hope so! I have a reverse osmosis water maker on my boat that produces forty gallons per hour.

  • Brad L. Burge

    Keep up your great work Michael! Read the free concise book Satan’s Hoax to see why this is happening to our world now.

    • SP2300ROFL

      ROFL

      • Rorschach

        You just made another embarrassment out of yourself. Considering how you aren’t being paid for your volunteer work as a troll that just shows what kind of a failure you are.

      • awb22

        “Oh, that I had one to hear me!
        (Here is my signature! Let the Almighty answer me!)
        Oh, that I had the indictment written by my adversary (Job 31:35 ESV)

        What have you ever written, SP?

      • Bill G Wilminton NC

        early morn BS from SP2300ROFL lol

  • billtheguy

    I’m a classic car guy. The price of motor oil and tires should be coming down soon also, right? (yea right!)
    Obama will go down as the worst president in history. Trying to eliminate coal, ACA, gun control, etc. Worse than Hoover.

  • Joltin Joe

    I hope the banks all implode, they are worthless anyway. Gut the fed and start over! Only way to prosperity as this debt is not sustainable or serviceable

  • JF

    TPTB have to bring the USA down to third world status in order to take over (NWO). We are the major stumbling block in their plan.

    • Bill G Wilminton NC

      The ELITES…………to accomplish NWO…. U.S. or what is left of U.S. has gotta go…..along with our UNALIENABLE rights……welcome to TYRANNY.

  • Bill G Wilminton NC

    Derivatives the unregulated black star of DOOM.

    Warren Buffet “derivatives are financial tools of mass destruction ”

    Warren Buffet ” a financial tool that no one but computers can figure out “……… ” including me “

  • JF

    A Christian writer whose name escapes me at the moment wrote a book about 15-20 years ago saying that WWIII would be fought over oil. Looks like it’s going to happen.

    • GoldenGirl

      That would have been David Wilkerson, I believe, in his book “The Vision” published in 1974.

  • CharlesH

    I have absolutely ZERO sympathy for the oil producing countries, banks, oil companies or employees. They celebrated, drank champagne. ate steak and couldn’t have cared less about consumers and what they were going through when oil was bringing in $147bbl. For now, let them eat cake.

    • bigskygrl

      Let them eat their oil.

      • Rhialto the Marvellous

        Actually you’re the one eating it.

  • Richard O. Mann

    Amazing the effect oil has on this world. I guess that is why they call it black gold at times. Amazing too the number of things we use daily that come from oil. I’m enjoying the lower gas prices right now. Like everyone else, I’m hoping the good times last a bit longer.

  • jj

    Total nonsense! As the US pressured Saudi Arabia and other OPEC countries to increase production in an to attempt to destroy the economies of both Iran and Russia, the Federal Reserve will bail out the banks by buying all the bad oil debt “off the books”. The oil industry in the US is the most powerful sector of the economy. You piss them off, they just cut the oil flow and drive prices thru the roof bringing the US economy to its knees. To make the assumption that the banks are scared is total nonsense. The major oil companies wants these marginal oil and gas producers to go broke so they can buy their assets “on the cheap” and when the oil price rebounds, they will control how much actually is drilled and makes it to the retail market thereby controlling price in the US. Regardless of the nonsense that the falling prices have been a disaster to the major oil companies, the reverse is actually true. The price at the pump is still artificially high compared to the price of a barrel of oil. The executives of the oil industry are not stupid. They are behind the scenes making deals, acquiring oil and gas assets for almost nothing and of course using the banks not to provide additional lines of credit or re-negotiate existing loans for the marginal producing and forcing them to sell their assets to the majors. The banks have the FED covering their backs as the oil and gas industry is considered a part of the US’s national security. To think otherwise shows a lack of understanding of the National Security State and what the oil industry is to that apparatus!

    • jsmith

      You might be onto something there JJ. After all, aren’t the oil companies owned by the banks? As I understand, Royal Dutch Shell is primarily owned by Rothschild interests, and Rockefeller banks own Exxon Mobil. Big Oil in other words, and Big Oil is owned by the banksters. Okay, so we get a break from high oil prices at the pumps for a while, and those suckers are enticed to buy those huge SUV’s, and then presto whamo, oil goes back up. Haven’t we been there before. As you say “the banks are scared”? Nonsense, they own the world!

    • Fellie Chn

      its called Reverse psychosis, , , lol

    • Steeve Girard

      It is not the US that pressured OPEC, it’s shale gas that was a menace to OPEC, and they decided to increase output to kill the industry.

  • K

    True, to a degree. Oil workers, are not the only people affected, in oil towns. Much like the coal towns before them. Some of these towns. barely exist anymore. It will be the same, with the oil towns. Heating not as much as you think. If you heat with electricity, there will be no change at all. My difference for heating fuel, was 150 dollars for the season.Nice, but not life changing. Transportation, there will be an impact.. But with the more fuel efficient vehicles on the road, not as much as a few years ago. If you are a trucker, big difference. For the rest of us, perhaps not quite so big.

    • bob cratchette

      heard on i think it was mark levin talking about the cost of low oil prices one of his guests was talking about how it affects others like the machinist that makes parts for the oil patch and then people that own restaurants where these people that work at the oil rigs used to eat and the people that work at the restaurants do this whole oil thing is going to have a big ripple effect on the whole economy..

  • 9% Ninja

    Au, Ag, Pb, Cu/Zn, get some of it all.

    I do wish the teasing would stop and all these loans would come home to roost.

    • Steeve Girard

      Accumulate skills, they cannot confiscate them!

  • 2016 THERE WILL BE MUCH PAIN, MAGNATUDES OF PAIN

  • HeyAHuman

    QE4 or total collapse. Your move, Fed 😉

    • Rhialto the Marvellous

      I’m hoping for a “helicopter money” stimulus myself.

  • Mondobeyondo

    Mark my words: The contagion will spread.

    And the bigger they are, the harder they fall. NO bank is truly “too big to fail”. Expect the carnage to continue. There may be a few more names joining Bear Stearns and Lehman Bros. in the dustbin of history. AIG *almost* bit the dust – they escaped by the skin of their teeth. They may not be as lucky in the next crisis.

    • SP2300ROFL

      ROFL

      • Rorschach

        Yea just like you SP2300BS.

      • Bill G Wilminton NC

        more BS from SP2300ROFL

  • Alcoholic Prepper

    The next Great Depression is in the making.

  • redryder1

    I’d say PPT has certainly been earning their keep as of late!

  • Rhialto the Marvellous

    I personally believe that we will see worldwide war before a total economic collapse.

    It all comes down to Israel. When we see the invasion of Israel by Russia/Persia and many other nations, that will be the time to gather your loved ones close. The invaders will be turned back by the hand of God himself, and the nuclear weapons will be launched.
    1st Seal – Worldwide Socialism (fulfilled)
    2nd Seal – Worldwide War
    3rd Seal – Economic Collapse/Famine
    4th Seal – Widespread Death (1/4 of the earth’s population)
    5th Seal – Martyrdom of the Church
    6th Seal – The Sealing of the 144,000 Jews/The Rapture of the Church
    7th Seal – Beginning of the Great Tribulation/Wrath of God poured out

    • Rhialto the Marvellous

      Russia/Persia are now in alliance and at Israel’s northern border.
      Ezekiel 38, 39

    • SP2300ROFL

      Ludicrous beyond belief roflmao. Thanks for the great laughs. Bahahahahaaa

      • Rhialto the Marvellous

        You’re welcome. Thank you for the hate, which brings me eternal rewards.

        • Steeve Girard

          Bah! He’s a worst unbeliever than me!

          • SP2300ROFL

            Thats for sure!!!

          • Bill G Wilminton NC

            Bronx rasberry to this pile of BS lol ha ha SP2300ROFL

      • Rorschach

        “Ludicrous beyond belief roflmao.”

        So you describe yourself then.

      • Rhialto the Marvellous

        You’re welcome. I wish you would consider another aspect.

      • Bill G Wilminton NC

        and more BS from SP2300ROFL

    • Steeve Girard

      I hear RBO song Super Jesus. See sketch on the web… in french tho.

      • Rhialto the Marvellous

        The opinions of unbelievers are less than insignificant.

    • Gay Veteran

      bilge

      • Rhialto the Marvellous

        Thank you. Your thoughtful comments add much to the conversation.

        • Gay Veteran

          you’re welcome, I call a spade a spade

          • Rhialto the Marvellous

            You’re wise and considerate, despite your rudeness.

          • Gay Veteran

            some find the truth to be rude

          • Rhialto the Marvellous

            Indeed. And some find rudeness to be just rudeness, without truth.

    • Bill G Wilminton NC

      Mr Rhialto,
      I believe that you are talking about the Psalm 83 war…… Persia led by Russia and joined by other countries bordering Israel. God says it very bluntly in the Bible ” I will act to defend Irael in such a SUPERNATURAL way that the entire world will know that I am God ”
      Shalom

      • Rhialto the Marvellous

        Psalm 83 and Ezekiel 38, 39.

      • SP2300ROFL

        Roflmaooooo

        • Bill G Wilminton NC

          har har hee hah and more BS from SP2300EOFL lol

        • Bill G Wilminton NC

          more BS from SP2300ROFL lol

      • Bill G Wilminton NC

        So we can all watch when Russia leads the attack on Israel…….AND we can ALL see if God is a LIAR !

        • Steeve Girard

          Wow! That would be surprising… impressive and bold. But I do not think Putin would do so. He is not interested by religion, he is interested by badly paid debts. Which is why he’s at odds with Ukraine, not officially at war with it (he uses proxies).

          • Rhialto the Marvellous

            The Bible says that Russia will invade Israel for loot, not religious reasons.

          • Steeve Girard

            (Singing RBO Super Jesus)
            (see sketch for understand… ps, it’s in French)

          • SP2300ROFL

            Roflmaooooo

          • Bill G Wilminton NC

            All in The Bible……..countries named…..so soon we will all see the Almighty power of Yahwah (God )

        • Rhialto the Marvellous

          Please watch closely. You should acquaint yourself with the appropriate prophecies first so that you will be able to accuse God of lying if you see that they are not fulfilled.
          Ezekiel 38, 39

          • Bill G Wilminton NC

            Ezekie 38, 39 come later at THE END

        • SP2300ROFL

          too sick for words

          • Bill G Wilminton NC

            SP2300ROFL hurry get back to your BS factory for a refill

  • Rhialto the Marvellous

    Down 390, up 27.

    Yeah. Nice comeback.
    Not.

  • winnie the pooh

    Ezeziel 7:19 NKJV

  • Rhialto the Marvellous

    WTI Crude is marching relentlessly toward a $27 handle. N Dakota shale oil is now essentially worthless. Brent Light Sweet Crude has lost its favor with the commodities markets. Persia’s oil is about to hit the markets.

    Even if the “petrodollar” still exists, so what?

    • Steeve Girard

      The petrodollar might no longer exist after “conventional oil wall” due around 2030. We might be talking of Cabo-dollars as a reference to coal.

      • SP2300ROFL

        2030??? The economic comedy bloggers are expecting civilizations to collapse imminently.

        • Steeve Girard

          Will not happen, it will be a fall by EROEI/EROI and fuel scarcity debunking. first step is Oil to Coal… then Coal to Natural gas… and down down down , step by step until we reach hydro, wind and solar. Total time for the debunking… around 200 years… with the first 70 years being “hellish”.

        • Rhialto the Marvellous

          Jerk.

        • Rorschach

          “The economic comedy bloggers are expecting civilizations to collapse imminently.”

          You have nothing to back up that statement. So looks like you aka Jazz really should find another line of work other than trolling.

          • SP2300ROFL

            According to the delusional lunatics September was the final date when supernatural forces surely were to end humanity roflmaooooo

          • Bill G Wilminton NC

            Delusional BS from SP2300ROFL lol

          • Rorschach

            Yep you didn’t have anything to add so I agree you are a delusional lunatic otherwise why would you be trolling?

        • Bill G Wilminton NC

          more BS from SP2300ROFL

    • SP2300ROFL

      Keep guessing. That comment is ludicrously incorrect.

      • Rhialto the Marvellous

        Please tell me how it’s wrong. You can’t. All you have is jerk-iness.

        • Rorschach

          All he has is his trolling and he’s a failure at that. He’s Jazz 2.0

          • Steeve Girard

            Well, sometimes his trolling hides a legitimate question.

          • Rorschach

            The legitimate question is probably his gender confusion.

        • SP2300ROFL

          As if forward looking markets have not discounted the event months ago while ecocollapsychos remain clueless.

          • Rhialto the Marvellous

            They have not discounted it. As oil collapses, so do the markets. It’s obvious to economists, just not to you.

          • SP2300ROFL

            The only collapse is the shattered egos of the lunatics that are not capable of benefiting from the strongest appreciation in assets since the history of capital markets. greatest comedy act ever !!!!!

          • Rhialto the Marvellous

            Appreciation? In what regard?

          • SP2300ROFL

            Sp500 from 666 to 2135? Obviously you than during your doomsday rants. Sorry for your loss(es)

          • Bill G Wilminton NC

            and more BS from SP2300ROFL

          • Rhialto the Marvellous

            Sorry for your misconceptions. I’m not in the stock markets.
            By the way, the S&P is at 1881, not 2135.

          • Steeve Girard

            He is trolling. but pay attention to between the lines… he hides sometimes a legit question unwillingly.

          • Rhialto the Marvellous

            If he wants to make a legit point to me, he must first use common manners.

          • Steeve Girard

            He won’t that’s not his way of thinking. He’s a party booze drinking dude, most likely.

          • Rhialto the Marvellous

            I like to party and drink too, but even when I do I respect others and use common courtesy.

          • Bill G Wilminton NC

            ha ha this just gets funnier maybe he is an olympic skier also……..just more BS BS BS

          • SP2300ROFL

            Looks like you too project your mental health and in your case substance abuse issues. Good luck with those issues. Find a rehab if you can.jmho

          • Bill G Wilminton NC

            when I think it cant get funnier boom I read the next post ha ha lol

          • SP2300ROFL

            I have zero misconceptions. Its obvious you have zero clue of capital markets and likely don’t have to nickels to rub together to participate. Roflmao

          • Rhialto the Marvellous

            You couldn’t be more wrong. I do very well. The main reason is that I know how not to throw away money.

          • SP2300ROFL

            Of course. With your brilliant economic insights and business acumen who could possibly doubt your many successes roflmaoooooo

          • Rhialto the Marvellous

            Not “many” successes, but a few good ones.
            Staying away from poor investment choices is a good example.

          • SP2300ROFL

            Keep telling yourself that while you suggest a 200%+ appreciation (excluding dividends and distributions) in the sp500 in seven years is a poor investment roflmaooo

          • Rhialto the Marvellous

            See my response above.

          • SP2300ROFL

            I’ve read them all and thank you again for the laughs they’re providing

          • Steeve Girard

            The first success to have in life is to be debtless. Which I have been since I repaid that cheap student load, when I knew why they gave it to me after 12 months, when I dump their school system. What I study, is what I can pay.

          • SP2300ROFL

            To each their own. If you’re not capable of generating a higher return on the capital then that may be correct. For those that can that leverage provides excellent benefits.

          • Steeve Girard

            gotcha… you gave a comment to your hidden question which I answered!

          • SP2300ROFL

            You comments are no longer even lucid.

          • Bill G Wilminton NC

            blah blah more BS from SP2300ROFL lol

          • Bill G Wilminton NC

            Ha ha MORE BS from SP2300ROFL lol

      • Bill G Wilminton NC

        SP2300ROFL just even more BS lol

  • ajaxthegreat

    Really makes you wonder.

    • Rhialto the Marvellous

      Exactly.
      These are the Days of Awe.

      • SP2300ROFL

        Gold still skyrocketing? Spacex style? ROFL

        • Rhialto the Marvellous

          Wow you’re a total jerk. No wonder your wife and kids hate you.

          • Rorschach

            He probably never had wife or kids and probably never will. Trolls live under a bridge only.

          • Bill G Wilminton NC

            SP2300ROFL tried the bridge even the bridge said get lost lol

          • Rorschach

            The bridge was too good for him.

          • Bill G Wilminton NC

            The pile of BS wouldn’t fit under the bridge anymore………….

          • SP2300ROFL

            Now you’re projecting your demented family issues. Too funny.

          • Rhialto the Marvellous

            No projection, just an obvious summation.

          • SP2300ROFL

            Obviously you’re delusional

          • Rhialto the Marvellous

            No, I’m quite accurate in my appraisals of others. Open ridicule and unwarranted hostility is an indication of poor personal relationships.

          • SP2300ROFL

            Zero hostility I am thankful for the comedy your kind provide. :)

          • Rhialto the Marvellous

            Add denial to the mix. You’re a classic example of one with a failed personal life.

          • SP2300ROFL

            Your online profiling attempts are absurdly comical and are textbook example of projection. Simple psych101 stuff yet great for laughs online.

          • Rhialto the Marvellous

            Excuse me, but I refuse to subject myself to your immature excuses any longer. I am here for conversation, not to be your whipping-boy. You must seek elsewhere for that.

          • SP2300ROFL

            Sayonara thanks again for the laughs. Back in your clown car.

        • Bill G Wilminton NC

          YUP more BS from SP2300ROFL lol

  • Steeve Girard

    Bah, I’ll go live in a bunkcab on a Ford truck before buying this.

  • Barry Goldwater

    Remember we have enacted Bail IN legislation just like what was recently announced in the EU.

    Do you trust your Bank in a financial meltdown?

    Bail IN provides that all deposits be treated as the Banks property in the event of a financial crisis and that said deposits may not, nor are Banks required to preserve your assets on a Dollar par value, in this event which is soon to occur any Bank can attach your deposits and offer you Bankshares of a yet to be determined value leaving you devoid of your cash.

    Now, do you still trust the Banksters ?

    Keeping cash and valuables in a Bank Deposit box is also a horrible idea because in the event of the coming meltdown the Bank will be closed and customers will be unable to access their Boxes.
    The great difference between this meltdown and 2008 is that Bail IN is now in place putting the customers on hook for the failures of the Bank management.

    Now, do you still trust the Banksters?

    Take decisive action and begin the process of removing your funds as soon as possible the clock is ticking on this implosion.

    Economist Herbert Stein famously observed, “If something cannot go on forever, it will stop.”

    • Steeve Girard

      Absolutely not… I do not trust my bank or my government. They will go door to door to confiscate wealth that is declared “illegal”. Even threat you with jail time for not giving away your metal assets and currencies.

      • Lennie Pike

        Absolutely not…with a gun held up against them, or by use of other types of coercion, many people’s brains can be, have been, and will again be confiscated.

        I hadn’t made it a habit of calling you out until provoked – game on!

  • Rhialto the Marvellous

    As the USS Fake Economy sinks, the FWalkerBS band plays on.

    • SP2300ROFL

      After calling for crashes, collapses, apocalyptic events the key indicies finally get a classic 10% correction- sinks in the words of the clueless roflmao. Congratulations economic comedy blog – brilliant forecast ROFL

      • Rhialto the Marvellous

        “Plays on”…

        • Bill G Wilminton NC

          Ha ha ha more BS from SP2300ROFL

      • Bill G Wilminton NC

        Just more BS from SP2300ROFL lol

      • Rorschach

        *The sound of crickets plays in the background after SP2300 posts*.

  • joecapoe

    keep a good stash of cash close at hand, there’s not nearly enough dollars to go around. meanwhile, enjoy cheap fuel

    • Steeve Girard

      Forget about cash, gold, metals… go for skills! Those will keep you alive, and cannot be stolen.

      • joecapoe

        skills? like fishing?

        • Steeve Girard

          Not only that… toolsmith… blacksmith… weaponsmith… farming… gardening… any skill that helps you have value amongst your peers. That forget about being an astronaut, lawyer or politician. Those people will become pretty much useless, unless they have an engineer formation of some kind.

    • Bill G Wilminton NC

      THIS POST IS WELL SAID AND ACCURATE GET SOME CASH IN YOUR POCKETS !!!!!

  • Gay Veteran

    and how about the increases in the price of health insurance, rent, food, etc.

  • Rebel w/out a Cause

    Is everyone using less oil than before? Why – with the developing nations growing and all – why isn’t there an ever-greater demand for oil? And if the demand is there, why is the price so low? Could it be that the Saudis (and OPEC) DELIBERATELY flooded the market with their cheap oil (cheaper to get out of the ground) in order to derail the US and Canadian (and Russian) oil industries? And if that’s true, why hasn’t the MSM and our governments said anything about it? Isn’t it practically an act of war to destroy another nation’s economy?

    This is an absolutely serious question.

    • Steeve Girard

      First… transition to mass transit
      Second… the winter summer cycle… bikes are now more useful than in the past, and requires less effort to make them work. since tech revolutions in the domain. Also, scooters are becoming more economic in gas consumption.
      Third… Hybrid and electric technology in cars… makes it more useful for city dwellers.
      Fourth… social disinterest… they just do not want to be dependent on it anymore.

      • Rebel w/out a Cause

        Steve – do you REALLY believe the factors you mention account for the price of a barrel of oil when there’s 7 billion people in the world (and increasing)? The factors you list are perhaps influential among “American-liberal-city-dwelling-global-warming-believers”. What about the real world…?

        • Steeve Girard

          They are all part of the pressure there is on oil… and maybe more, that might not come to my mind yet.

        • SP2300ROFL

          You’re way too delusional to comprehend the real world much less the supply demand and logistics dynamics embedded in energy costs. Nonetheless; thanks for the laughs. :)

          • Bill G Wilminton NC

            More BS from SP2300ROFL

    • Bill G Wilminton NC

      That is one very good point……and very possible ! OPEC flooded the market with oil to destroy the US and Canadian oil Industries.

      • SP2300ROFL

        Ridiculously funny to watch the fools rant and rave over lower energy costs. You fools are too ignorant for any words to describe.

        • Bill G Wilminton NC

          YUP lol more BS from SP2300ROFL

        • Rorschach

          “You fools are too ignorant for any words to describe.”

          Agreed since you classify yourself as that kind of a “fool”. Stay in school a career in trolling is not for you.

      • Bill G Wilminton NC

        more BS from SP2300ROFL

  • Rhialto the Marvellous

    As I was saying before I was so rudely interrupted, the markets are following oil prices down. Oil is a good indicator of the state of an economy.

    • Steeve Girard

      Oil is the current primary energy source… which in 14 years will be dethrone by coal.

      • SP2300ROFL

        In 14 years roflmao any idea the exact time of day on that collapsadamus ROFL

        • Steeve Girard

          nope… but it will be most likely the year that conventional oil will nosedive enough. And it is not a collapse apocalypse… because after that we are going to have 40 years of coal domination and over consumption.
          .
          Is is a step down… and each step will go down according to EROEI/EROI of fuels and energy sources, until we reach hydro, wind and solar.

          • SP2300ROFL

            Your delusions are beyond ridiculous and clearly demonstrate that you have zero concept of the regulatory issues nor the cap ex spending costs and infrastructure build out issues much less environmental issues. Nonetheless don’t let the facts interrupt your fairy tale.

          • Rorschach

            “Nonetheless don’t let the facts interrupt your fairy tale.”

            I agree as we all know you are talking about yourself so modestly that way.

      • Rhialto the Marvellous

        We can only hope. America will have to decide to throw off Hussein Obama-style socialism first, which destroys common-sense energy answers.
        I don’t have much hope for that.

  • Randje K Randje

    This is good news for the Earth, and for the average denizen thereof. Yes, there will be period of economic carnage. Because we let the ‘devil’ establish himself and install the accompanying evil in evewry vestige of our lives. The adjustment to come pales in relation to the overall carnage, pillaging, and destruction of earth & her peoples by the petroleum industry, and WHATEVER IT TAKES to take this tyrant down, let it happen ASAP.We have had the means to power our “civilization” without oil for some time. Hemp alone can replace fossil fuel in one growing season, if it is allowed to proliferate globally. Combine that with hydro, solar, and wind power, and CASE CLOSED. Let the banks and the oil barons scuttle off to their dark caves and drool over their ill gotten gains. Let the rest of us live in PEACE

    • Steeve Girard

      You will be unhappy to know that the next best fuel is coal.

  • Lennie Pike

    I know dat’s right! I’m back in the ring.

    • Bill G Wilminton NC

      tell him to just get lost….such a loser it is pathetic

  • DJohn1

    The Keynesian Economic system is failing big time.
    Both here and abroad.
    Yet this system is taught in finance all the time.
    The foundation of our country has failed. That foundation is the average person’s ability to make a living.
    Common sense? doesn’t appear to be available at this time in the U.S. Congress. They too have swallowed the world stage of economics hook, line, and sinker.
    The Chinese system is Keynesian in nature and right now the Chinese system is on the verge of a major collapse because it pumps money out of an economy and returns nothing.
    Which means it feeds their people at the expense of everyone else.
    The systematic devaluation of the foundation stones of money has something to do with it.
    Gold is one denomination of this devaluation.
    Oil is another.
    Transportation costs of goods over vast territories is another.
    When a product goes from $2 in one place to over $100 in another place that is a valid factor.
    In order for any of this to work you have to have valid customers at the destination of these retail goods.
    Meaning these people at the destination have to have money to purchase the goods.
    No money, no business.
    Which brings up the factor that kills economies.
    The average person must have enough money to purchase the goods.
    In order for that to happen these same persons must have discretionary income. When for whatever reason that income disappears then the economy goes down the tubes.
    I maintain Obamacare has destroyed that discretionary income.
    Which means the Obamacare actually is causing most of the depression we are nearly experiencing at this time.
    Loss of jobs to places abroad due to the communications now available mainly on the internet is also contributing.
    Meaning the same skilled labor here is no longer marketable if it can be had say in China or India at a fraction of the cost.
    Again there is an unequal currency exchange meaning the same goods going for 100 here might go for 2 dollars there.
    In theory “there” should go up in value to equal the wages value here.
    In practice these countries are deliberately keeping their currency low in order to attract the work and to sell their goods cheaper than our industry can afford to produce it.
    In other words governments manipulate to their gain and our loss.
    Eventually the huge debt this implies causes everything to collapse.
    Well, it is happening and it is happening there and here.
    The only hope I see for any of this is going to be a complete adjustment between “there” and “here” meaning a complete devaluation of the dollar world wide in order for our country to compete on a world stage with theirs.
    I do not see that happening because the people “there” are the world’s best thieves.
    They are stealing intellectual property here right and left.
    They will confiscate our industry there.
    I suggest your only chance is to re-negotiate everything between our countries to bring things back to some state of balance between us.
    They will lose big time under the current system as well as us.

  • Tatiana Covington

    I have read that the oil to fill a barrel, is now actually cheaper than is the barrel itself ($US 28).

  • Lennie Pike

    I’ve seen and experienced personally the type of “spectacular” that you spoke of, but I know that I never would have if I had not believed first. I used to use those very two examples you gave which are really nothing compared to the spectacular I have witnessed. You’ve heard the saying “seeing is believing”. To witness this “something spectacular”, you must believe first by faith. The reasons that will allow you to do so have nothing to do with God proving anything to you. You have to go first in an effort that you are willing to prove to God that you are genuinely seeking Him because He is God and you are not. If you do seek Him, just as He said, you will find him. Then you will find out that the saying is wrong, and that “believing is seeing”. This requires humility, admitting that there must be a higher power than yourself and that something is missing in your life – that there must be a more important reason that you exist other than to live for your own desires and personal goals and ambitions.

    Don’t seek God, and never find the reason you were created and never reach your full potential but live a boring, hollow, miserable life – comparatively speaking.

    Hopefully I’m wrong, but I sincerely believe that some people are born not belonging to God, and never will. If you have read the words of Jesus Christ and you absolutely hated what you heard and were in total disagreement, then you probably were never meant to be on His side. You do sound very angry and hostile, but that is the case with many people before they become believers – naturally.

    Without any doubt whatsoever, there are two sides in this world. Maybe you don’t even believe in the existence of the battle of Good versus Evil which would mean you are basically a psychopath because 99.99 percent of people have noticed that there is.

    There’s a lot more to these questions than you have given consideration to so I will say in an English manner in the hopes it may help you reconsider your decision: I don’t think that personal rancor is going to help the situation, and strongly suggest that you carry on seeking with all possible dispatch. Good luck.

    • John Higson

      I appreciate the tone and tenor of this response, as I can feel the genuine empathy that you feel, though I may not agree with it, thank you for your concern, misplaced as it may be!

      ‘the battle of Good versus Evil’

      My worldview is not so Manichean. I see the world in more shades of grey(which is a huge difference from how I used to view it!), with one exception. Islam. I consider it an almost unreconstructed abomination and if it came to a war, which I think it will, I will be shoulder to shoulder with my cultural brothers, christians. I don’t like christianity and it’s unrelenting BS, but in comparison to islam it is heaven and all the angels singing!

      Without a ‘miracle’ that I would accept as one as a scientist, I’ll never believe, so you are wasting your time, but I do recognise something that I will fight against.

      • Lennie Pike

        Thank you for your kind words. I think you have confused religion with Christianity which is a very easy mistake to make due to organized religion. Organized religion tends to make it about the effort to be a good and perfect person with a lot of ceremonial b.s. and control by other people. It is more like a cult where one is expected to do as the others do, when in fact Christianity is the complete opposite of that and more about only your relationship with God. It does require interaction with other Christians, but those interactions do occur naturally miraculously most of the time and just happen and are not forced or planned. More often than not the interaction a Christian will have is with unbelievers.

        This will be my last comment to you, so I am going to give you just one example: After Jesus forgave the sins of the prostitute he told her to: “go and sin no more”. 99.99 percent of religious church going Christians think that Jesus was commanding her to never ever sin like that again. I’m pretty sure that Jesus knew that she would continue on being a prostitute – in those days or even today, who was going to take her for a wife? How was she going to survive? Women did not earn a living then – only men could. Jesus was not telling her (although he would have wanted it) to cease being a prostitute, He was telling her that she had been forgiven because she had accepted His forgiveness so therefore her future sins would not be considered sins – and that is a very very huge benefit to have in life – not saying this gives one a license, it’s more like someone always having your back when you do, and for other purposes also. I know for sure without a doubt that coverage is always there. If I were a cat, I would be on about my eighth life.

        I lied about one thing though just to expedite any possible progress toward belief – sometimes God does go first. So keep an eye out at least, and don’t discount or ignore anything that merits further investigation – you’re a scientist after all.

        • John Higson

          Fair enuff. For a change it’s actually a pleasure to have an interaction with a Christian who behaves in what I would consider a ‘christian’ manner, with humility, quiet, restrained logic and with a lack of the arrogant ‘judgement’ and glee that they are ‘saved’ and the rest of us are ‘damned’ based on a narrow and self-interested reading of supposedly divinely inspired scripture.

          The chances of me coming round to your views are bleak in the extreme, but I promise you this, I will keep looking in the near certainty that I’ll find nothing, either whilst I live or after my allotted span is over. Good luck and good health on your journey.

Rapture Verdict Ad1
Ready Made Resources 2015
New Self Defense Tool
Finca Bayano

Silver.com

Lifestraw
Economic Collapse Investing
Lifesilver
Panama Relocation Tours
The 1 Must Own Gold Stock
180x350
Marzulli Gift Offer
Credible Warning
Family Survival Kits
How To Make The Ultimate Survival Food
ProphecyHour
Facebook Twitter More...