Sys1 wrote:As we are getting deep into exponential debts and soon quantitative easing to let expand our unsinkable economy, oil will get to new high. Bet on hyperinflation as money mass will inflate while oil production deflate. That's for 2012.
Yes. The only solution for Europe is economic growth
; without growth the massive sovereign debts cannot be paid.
But we can see clearly that growth is impossible with oil prices exceeding $100/bbl ... which leaves money printing as the only option to prevent collapse.
Money printing (w/ hyperinflation) will cause oil prices to soar ... at which point the problems will become far more acute, and the inevitable collapse will be far more severe.
In 2013 at best, our ponzi scheme will collapse and we'll head toward totalitarism or civil war at the scale of the planet. I just hope we won't end the party with thermonuclear fireworks.
Will 2013 be the year of resource wars? Depends on how much longer the bankers can kick the can down the road, how many more stick saves the politicians can muster, and how many more bailouts the taxpayers will tolerate.