Posted on 11/17/2014 10:44:21 AM PST by blam
The oil markets are being maneuvered gingerly now...
I am not too concerned about entering a world where oil is so cheap that fracking is not worth the cost. ;-)
Impressive.
Every fiat currency in history has failed. Every. Single. One.
There are several countries on this planet that have managed to do well enough without their currency being a petrodollar reserve currency. Australia springs to mind. Position yourself to be an exporter of something the rest of the world wants. There’s plenty of Americana that the world wants, not to mention ag commodities and others. China would ultimately be damaged worse than the United States by a very weak dollar, imho. Would the government as we know it survive? Do you really want it to survive? It’s bloated past all hope of reining it in. Would hardship ensue during the transition years? Yes, no doubt about that. So, make sure you have something to sell to capitalize upon a cheap currency, and the means to get it to market.
That is kind of ludicrous ain’t it.
As are human centered answers to SHTF scenarios. I can’t imagine living like that without figuratively losing my soul.
I’ll make the bold prediction. Christians and churches will do pretty well, even as secular society hates them more and more. Because there is a God, and because God blesses.
That’s kind of shallow... what, can’t Saudi Arabia frack too?
It’s been commig for quite awhile...Saudi’s oil is about good for I think maybe 30 more yrs if that....then it’s done.
We’re too far ahead for them to get the market for fracking...and they know it. It’s about who gets there first.
30 years would be plenty time to frack every square inch of their leaner territory.
I absolutely couldn’t agree more that the US, in the last 20 years abused its privileged position as the home of the reserve currency.
Anybody remember Long Term Capital Management? Even before then, there was the famous quote, “It’s our dollar, and their problem.” We’ve been inflating ourselves out of foreign bondholder debt for decades.
I’m convinced as much as two trillion dollars ended up getting transferred to China and Russia by the USG to settle the mortgage mess.
By the way, the only guys who walked away really making money there was the rating agencies. Not even a slap on the wrist.
Warren Buffett. Only guy who gained. He owned Moody’s through the whole thing. He should be swinging from a lamp post.
Yeah, we really, really abused our position as the world’s military and economic superpower.
Now we are dumping crude on the open market, and driving down the BBL price, perhaps permanently. If you are Russia, and you need $100/BBL oil to make the books balance, you are going to scream, cry, and act like a four year old to get people’s attention.
The reason why they went on their adventure to Afghanistan was in order to eventually get to Saudi Arabia. They were out of cash, their economy was collapsing, and we knew it. They could choose between collapse and military adventurism. They chose the latter.
There’s a reason why folks in other countries thing Americans are idiots. They are.
Very true... and, they're looking at that same equation again.
Seems to me, China and Russia are already at war with us. We're just pretending that they aren't. Cyber warfare is just the beginning....
Israel will never again trust us. Ever. They’ll take what we are giving, but they will never again put their security in our hands.
Canada is countenancing having to build some pipeline East, instead of south.
As badly hosed as most of America feels about Obola, they rest of the world must feel pretty had.
The only one, really, who benefitted from Obola was Iran. and maybe Mexico, and Guatemala.
The unseen damage to the D party isn’t the obvious - what you are seeing domestically. I’d love to be a fly on the wall in the meetings Lurch is having with various world leaders, to the extent he can make it to those meetings on time.
These leaders have reached out to Reid and Pelosi too, asking them to intervene on their behalf. Look at what they got in return.
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