PEAK PETROL PRICE 2
An affordable, not cheap but affordable oil price kept the consumer economy humming along, redirecting most wages back into the bankers pockets. Not because they were greedy, but because they were stupid and that is THE only way a banker makes money. More debt. The silly part is pushing it to this point, where there are no jobs ( yes, dweeb boy, obviously there are SOME jobs. As we speak you are probably training your Dot Indian replacement how to program computers. Fun filled fact, House Of Mouse replaced all those Americans with Visa Workers. They must be hurting, poor dears ).
What I mean by NO jobs is, obviously, not enough jobs. Not enough to sustain the economy and pay the taxes the welfare folks need ( not just single OtherColor moms, but Social Security, Medicare, etcetera ). Both the FedGov and ShadowStats desperately cling to WrongMath to keep the pitchforks and torches stowed away. 50% of those working make under $20k a year, to compound the issue of 95 million no longer in the work force of 260million. The national average rent is $1k. If you think this is a functioning economy, you have no idea where we are at or where we are headed.
Without jobs, without enough taxes, your economy is crashing. The bankers hide the evidence. You buy into their BS. All is well, bring out your dead. But forget wages and economic realities. Ask why the oil price needs to increase. Energy is THE most important input. Hell, even if we were ALL unemployed, enough energy and everyone could live on welfare and own robot servants. Enough energy and everyone could own a second house. But when energy decreases, and that is either from the amount or the energy therein, the economy contracts.
The economy contracts and the bankers step in to stimulate the economy. If there isn't enough energy, the illusion of growth is printed. So far, that has been stimulating the stock market. And what is the reason for that? Not just as camouflage, but to keep companies running. Amazon loses money on shipping crap, makes some on spying for the intelligence services ( “Alexa, please inform Agent Smith [ Matrix reference ] of my activities” ), but Bezos keeps us in subsidized consumer goods we can no longer buy at closed retail stores, as his stocks increase in value. Bread and circuses, baby!
With the fracking industry, the stakes were much higher. The only growth in oil production in near twenty years GLOBALLY has been American fracking ( remember when Canadian tar sands were hyped, then fizzled? ) oil. Yes, China had oodles and gobs of coal, but that surplus is running out. Overall, only fracking kept the global economy which was dependent on oil moving along. Don't take this to mean I'm a Fracking Fanboy. We passed Peak Fracking. That miracle is going to end shortly, and hard. And here is why I'm even MORE afraid of this than when I was just following production numbers.
We just tried to jack up the oil price, at the risk of global war. No one is as worried about nuclear war as they were thirty-five years ago, there being a “mere” 1/5th the missile inventory, but you can never say it won't happen with just a few mistakes or idiocies. Risking war with nuclear armed nation states is always and absolutely a terrible idea. Not that I WAS worried. All the saber rattling had the Syria or Nork vibe to it. And yet, still, when bankers play with nuclear fire, they are NOT as restrained or as intelligent as government actors.
If you see the caliber of moron running most nation states, they are bad enough having access to the football codes. Imagine Hilary in charge? But even worse would be bankers. All those diseases from hookers and dead brain cells from cocaine, and their unbridled greed, because since they must remain hidden their thirst for power and public adulation is funneled towards money, all give them terrible judgment. I'm not saying the bankers are instructing the President to start a war. That is not their intention. It is just that they COULD start a war through poor judgment with saber rattling. For profit.
Yesterday I said that the bankers artificially manipulated oil up to $150 a barrel to start the economic crash they knew was inevitable. They already screwed the pooch by over-playing the derivatives casino. The crash WAS coming. I think they were planning ever since the oil price hike how to both profit off of it AND contain it to the best of their ability. It was NOT hours away, a surprise, like they played it up in the press. It was deliberate, and better for it. Not the profiting part, but the management of it.
Now, I believe that the bankers are trying this exact same thing, again. They keep screwing with Iran. First, the oil tanker fiasco. Then, the Saudi Arabian oil facilities attack ( I had a feeling we did it, but I just didn't know WHY. Now... ). And just now, the General assassination. We aren't messing with Iran because we want war. I think our actions make that obvious. I think we want the illusion of wanting to go to war to light a fire under the ass of the oil market and get the prices to that Economic Crash point ( it WAS $150, I don't know what it would be this time ).
The only danger is that the governments involved actually take this seriously and make a mistake. Otherwise, it is all Kabuki Theater on our part. Now, we, or at least I, firmly believe the economic collapse is already baked into the cake. The bankers probably think they can contain it, manage it, and ONLY get a crash. I think we'll get a collapse, but that isn't pertinent to our discussion of the bankers actions. The bankers see another crash and want to profit off of it and manage it. The problem this time is that their derivatives magic and oil market control is no longer working.
They cannot just shadow banking jack up the trading price. So they have to convince the actual traders that their precious Black Spice will no longer flow. This has not worked so far. I'm wondering if this manipulation is so much more blatant than I'm making it out to be ( sometimes being rather slow on the uptake. I'm much better now that I'm no longer constantly distracted by a day job, but no longer have the drive and focus of my younger years ). I cannot give you any details to convince you of any of this.
All I know is what shows up as obvious far after the facts are know by those in power or singularly dedicated to studying this. I know the PetroDollar is on the way out. But that is known in hindsight. I know the Seven Sisters have not controlled the oil market for some time, losing out to nationalized interests. I know derivatives are widespread and abused, but do not know the real extinct. This is all a wild ass guess. The facts is that the US, to whatever extent the military industrial complex is catered to, they are already well fed in Iraq and Afghanistan.
I have deduced the bankers have subsidized the fracking industry from the beginning, but also that $150 a barrel oil put a LOT of private money into it at first. And I know there are many reports that the frackers are in grave trouble. Production wise and financially, AND, as subsidized by the bankers. I believe they are so busy liquidating the failing banks that they don't have the ability to save the frackers. BUT! If oil shot back up in price, there would once again be the funding to carry inefficient companies through this very unprofitable business.
Never mind high oil prices are going to crash the economy, it is already known this is happening anyway. The most important thing is to keep the oil flowing. EROI be damned, profitability be damned! And if this war posturing isn't raising the price of oil, do you see the consequence? The fracking industry crashes PRIOR to running out of actual oil. Just food for thought.
( .Y. )
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Right. Which highlights an example of proxy warfare meddling by foreign powers into an oil rich state, example: Libya. Hillary's Posse toppled Quadaffi for the ratline of weapons out and insurgents into africa. Now russia, turks, e.u. states are all power playing in the ongoing civil war there. Ukraine, Syria, etc are pipeline route territorial conquest attempts by globalist entities who control those countries involved and false flag force them into conflicts for an end game strategy. Expect shennanigans for political gains against 'Merica directly, as well as market manipulations and insider profiteering. (Pull building #7)ReplyDelete
I-80 through Bisonia will become very similar to a Mad Max fuel famine wasteland real quick.
There is mental disconnect as evidence by statements made by politicians and experts that are off the wall bat crazy, that the new enlightened masses whom are info smart today call bullspit on.Delete
It is like the printing press allowed info to peasants instead of what balogney
The holy empire said.
With open source access there is no excuse for letting that mind being a terrible thing to waste.
"50% of those working make under $20k a year" Where did you get that? This reference ...ReplyDelete
... says the median income of the US population in 2018 was just under $62k.
You made a statement about the working population, and the Census Bureau statement is about households, so it's clear you and the CB are not talking about the exact same group (never mind the difference between 2018 and January 2020). I'm skeptical that the two groups differ so widely that your statement is true, assuming (yeah, I know, "ass-u-me") that the CB's statistics are correct. I've no doubt that some large fraction of the households (single mothers with too many kids) are indeed living on under $20k, I just dispute your 50% figure. It looks like a gross exaggeration.
Your hair, yes, pretty good.
I have a handful of Youtubers I follow on economics. Silver Report Uncut, Greg Mannarino, George Gammon, The Money GPS, Jerimiah Babe ( sometimes-he babbles a lot ), Greg Hunter and Financial Turmoil Explained. About 90% sure one of the above had the $20k figure.Delete
Speaking of Democrats:ReplyDelete
Amazon suggests the book WILMINGTON'S LIE by David Zucchino.
According to the author's notes, in 1898, Democrats rioted, burning newspapers and murdering dozens of Blacks© while forcing the local bureaucrats to resign... "at gun-point".
Walking past the magazine stand, I saw prominently displayed the new Rolling Stone issue with somebody using the name 'Elizabeth Warren' as the cover-model.
I prefer the issue from last summer with somebody using the name 'Halsey' as the cover-model.
Of course, reading all about lovely miss 'Halsey', I quickly realized she is an idjit.
Should I anticipate a continuation of that one-off pattern?
Rolling Stone was okay at least up to the point of Black Jesus being selected in Rome On The Potomac. Is it black smoke or white smoke when he was anointed? The rag was always liberal but at least to begin with it countered the excess of the right. Now it is all excess of the left, for the same people who were directing the right. New boss, same as the old boss, to keep it in the rock n roll theme.Delete
The dumbfuck-in-chief is spoiling for a war with Iran because .... he's just smart enough to know most Americans don't like Iran due to the "oil crisis" that was years and years ago, when I was a kid in fact, remember lines and odd-and-even days and so on? Like any Alzheimer's patient, I doubt Tubby's brain has recorded much of anything more recent.ReplyDelete
So he's got this bright shiny toy to play with, the US military, and he wants to play with it.
Tubby's not smart enough to know that Iran has the backing of Russia, and probably China and most of the civilized world too, when it comes down to it. The US lost major points with that little assassination Tubby did.
Anyone notice Putin got rid of a bunch of dead wood and also did something unthinkable, providing relief for the poor in Russia? Things like school lunches, some alternative to abortion for poor mothers, etc. I'm not even Russian and I like Putin. Rather than just blathering and smearing his shit on the walls, he's actually doing something for the Russian people not the least of which being preparing to beat the US in a major war.
Putin even recently amended the laws to sooth his transition away from Dear Leader. He actually Made Russia Great Again. Orange Man's legacy will be exactly zero ( unless he is noted for the economic implosion coming up ). Which, at least is better than Obammy's ( for now )Delete
I don't think we did the Saudi thing, at least not with Trump's blessing. Trump isn't perfect, but he's bringing troops home.ReplyDelete
Ironically, it doesn't hurt us at all - it hurts China and the East Asians the most. Perhaps . . . it's someone who wants us involved?
Nah, better stop. Pretty soon I'll have something as complicated as a James Bond plot.
Well, if you go to a daily blog, the complication gives you more material, and confuses the readers into thinking you are smart. Or so I've heard, for a friendDelete