Oil is NOT expensive.
Fundamentals don’t count anymore in our fraudulent markets... We don’t have markets anymore; we just have interventions... This financial engineering is all a hallmark of communism or central planning. Central planning has a track record of failing.
I look at what is transpiring in the crude oil market as yet another engineered or financial trickery on the part of the financial elites... What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America.
The banks are all insolvent.
and therefore the Oil Complex is insolvent. Oil is cheap ONLY because the elites want it to be cheap to enable the big BAIL IN HEIST. In reality, the price of oil is infinite because ERoEI has dropped below the minimum threshold necessary to maintain any kind of civilization.
There is a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will trigger the next collapse. We all know all western world countries have adopted bail-in legislation in their most recent budgets.
And they are printing money non-stop now. NON STOP....and it still can't possibly save the system.
Deutsche Bank has 75 trillion in derivatives exposure and its stock is hitting new lows in 30 years. What does this tell you? Industrial Civilization cannot continue, thats what.
THE SYSTEM IS COMPLETELY ON LIFE SUPPORT WITH MASSIVE MONEY PRINTING
I predict China will launch a surprise military invasion of Australia within 3 months.