OPEC keeps producing oil, but hardly
anyone is buying. The U.S. has it's shale production and a lot of
OPEC's oil in reserve. This all leads to driving prices “below $60
a barrel.” According to Randy Frederick, managing director of
trading and derivatives with the Schwab Center for Financial
Research, “The slide in oil has been pretty dramatic. There is an
overreaction to these lower energy prices, which is what we seem to
be seeing right now, where it becomes more panic selling.” With
America investing most of their energy in shale, they hadn't had to
import as much oil, “which has eased the price of gas around the
world.” Of course, Saudi Arabia is hoping to drive the price of
oil so low that “American producers in the newly drilled shale
basins aren't making any money,” in turn, “giving Saudi Arabia
back its position as the world oil leader.” Of course, it's not
helping the stock market now that Americans aren't spending as much
at the gas pumps. “It's been a while since we've has an official
recession, and cyclically, we are due,” which is interesting
considering we're in a Shemitah year (which I will explain in another
article). [1]
Oil prices falling, and a panic is
spreading in the financial markets. Events that took place seven
years ago leading up to the financial collapse of 2008 are happening
again. “What we witnessed last week [in the market] is being
described as 'a bloodbath' that was truly global in scope.”
Everyone around the world is feeling the effects of the dropping oil
prices. A lot is happening in the financial district that seems to
be occurring every seven years, and it appears that Jonathan Cahn was
correct about this cycle (again, I will explain in another article).
[2]
With the financial markets in an uproar
and bracing for the worst, “the Treasury Department is looking to
buy survival kits for all of its employees who are proprietors of the
federal banking system, according to a new government solicitation
posted online.” Really? If that's the case and the government
knows something big is coming, where do we get our survival kits? If
the government is willing to spend... wait for it... $200,000 on the
kits, why not spend a little extra money and give people like us the
chance to buy these kits, and they might still make some of their
money back. The kits include very specific items, like an “Air-Aid
emergency mask” to help the wearer guard against airborne viruses.
What the hell do they know and why aren't they telling us? [3]
It's all about oil this week, and with
the prices dropping and crippling western sanctions, Russia's economy
is headed toward a major crisis. Of course, some speculate, or may
insinuate a conspiracy theory, that the U.S. is in some sort of
secret war with Russia as “part of a plot to drive the Russian
economy to the brink of collapse.” Chaotic scenes witnessed by
retailers and currency exchanges has locals scrambling to “buy up
imported goods and to swap out their fast-depreciating rubles for
dollars and euros.” The theory behind all this, which locals have
equated to an “economic war”, is that “the U.S. And Saudi
Arabia are colluding to keep [oil] production artificially high in a
bid to drive the price down.” Some people are asking if the U.S.
is helping with driving down the prices of oil as a ploy to harm
Russia, or even Iran with their ISIL people. Is there a conspiracy
here, or is there just a coincidence at work, or... is there some
otherworldly explanation? [4]
Sources:
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