Skip to comments.Oil Drops In Price Along With Citi Economic Surprise Index, SOFR Rate Hits All-time High, Fed REPOs Soar!
Posted on 12/07/2023 5:11:27 AM PST by Kaiser8408a
Biden is hoping for one more term as President. And declining oil prices might help him get re-elected.
But we have a battle brewing! The United Nations and World Economic Forum (and their proxies John Kerry, Greta Thunberg and Green Joe Biden) against …. everyone else. Despite Biden’s lame attempts (through climate envoy John Kerry) at getting China to go to green energy and rid themselves of fossil fuels, China claims a new discovery of roughly 1.78 billion barrels of oil.
Then we have oil production surging (think of WEF’s Klaus Schwab’s scowling face) and crude oil prices sinking to 6 month lows.
Oil prices are dropping along with the Citi Economic Surprise Index.
In financial markets, we have the Secured Overnight Financing Rate (SOFR) jumped to a record high.
And Treasuries purchased by The Federal Reserve (repos) skyrocketed this week.
On the gold side, we see a Golden Cross (not William Jennings Bryan’s Cross of Silver).
WEF’s Klaus Schwab won’t like China finding so much cheap energy.
(Excerpt) Read more at confoundedinterest.net ...
“...Treasuries purchased by The Federal Reserve...”
The Feds print and purchase their own money out of thin air. And then pay themselves interest on the money borrowed. What a racket.
There is one way Joe Biden could be re-elected...by the known & trusted method of cheating. Any honest person can see through him like a clean glass window. Why would any honest person want him as president again? We know what it CAN be like without him, so why would any honest election even have his name on the ballot? Some of the things he might try to get re-elected will certainly indicate where his true beliefs lie. I think we’re starting to see some of that plan right now.
Same as it ever was.
Sovereign money is the answer - then inflation hurts the wealthy, too.
The “greatest generation” will be voting for Biden en masse—from graveyards coast to coast.
I’m a smart guy (IQ 140) with an Econ degree Cum Laude from the 6th best college in the nation.
“Confounded Interest” seems appropriately named, because the cant, alarm and mixed subject matter in every headline confounds any possible direct understanding.
I always just skip these articles as a result.
There is no such a thing as a fossil fuel
Emptying the Strategic Oil Reserve and ceasing to enforce sanctions on Iran and Venezuela while quietly allowing more domestic production will decrease prices until the election is over.
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