Oil price in the dumps, will central banks/governments step up to save the companies?
Ed Moya kicks off today with a look at oil’s price crash and how it could impact other areas of the market and economy.
We first look at the impacts to the US markets balanced with the potential of governments stepping in to help the shale companies. The fall in oil prices also plays into the deflationary argument for right now.
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I guess,….they will just have to go and pound sand….. 🙂
“Fed Can’t Print Gold”: BofA Calls Gold “Ultimate Store Of Value”, Raises Price Target To $3,000
https://www.zerohedge.com/commodities/fed-cant-print-gold-bofa-calls-gold-ultimate-store-value-raises-price-target-3000
Was Trump asleep ?
Our strategic oil reserve should have been FILLED and we would have been PAID to fill it up at negative prices.
Fake news.
Get facts straight he ask Congress for money to fill oil reserves and they didn’t ok the money. Call Polosi and Schumer.
75,000,000 at -$30-40…….Did inaction just cost over $2 Billion ?
As my attempt to stop the collapse of the markets by buying silver failed, I opened the money spigots again today and bought LOMLF@ .87 It will probably go back to .49
when the insiders unload. I sure hope Quinton does not get CCP virus.
Does anyone else here own LOMLF besides HH and Moriarty?
Trump is not going to cross his buddies…….Genie Oil…..
Gates will not be safe……
It appears tensions are soaring among anti-quarantine protesters and state governments. The lockdown backlash started last Thursday in Lansing, Michigan.
Anti-quarantine rallies sprouted up across the country over the weekend, organized by right-wing groups that held rallies in Texas, Indiana, New Hampshire, Nevada, Maryland, Utah, Wisconsin, Washington, and Colorado.
Attempting to show force, some protesters wielded rifles, handguns, and shotguns, along with American flags, Betsy Ross flags, Trump signs and “Don’t Tread On Me” flags right up to the doorsteps of some state capital buildings.
Big Timetoopen.com rally in Austin this Sat. at high noon. I hope Bill Gates shows up.
Live free or die! Let my people go!
No more pie in the face….. 🙂
The mutation game is worse than I warned of here first at KER several weeks ago…The Promethius has awakened…
I own LOLMF, NSRPF and IRVRF. I have had better luck with GTBDF, SILV and KL. Holding all except KL which I sold and made good profit.
LOMLF
Stewart Thomson has it right:
“America would not have an economic crisis today if the government had a savings mentality instead of a debt mentality. The government never saved for a rainy day, let alone for a crisis, and it never encouraged citizens to save. Given that America has been the world’s lead empire for about a hundred years, that’s totally outrageous.”
It’s that simple and the debt problem is no accident.
http://www.321gold.com/editorials/thomson_s/thomson_s_042120.html
Would have also helped if the US had regulatory policies also, instead of allowing transfer of wealth.
Nothing transfers wealth like debt (deficit spending and debt-based fake money created out of nothing). Direct taxation is honest by comparison because even people like Chartster can understand it.
Good point about debt. Keeps the feudal system alive and well. Have to pass on Chartster as haven’t kept up with that one.
Debt also keeps the feudal system growing. The government grows in size and power by hogging resources and creating a dependent population.
The solution is not more of the same actions that got us here. Instead, the masses should be demanding that the powerful few at the top stop receiving special treatment. No more bailouts of any kind should be allowed for any entity and the rule of law should be applied equally to all. Yes, that’s beyond a pipe-dream at this point but it is what’s required. Nothing brings sustainable prosperity like individual economic freedom and a level playing field but the majority of people want “solutions” that would cause more harm than good.
Ditto Matthew…..well said…..
Ha, …..GO AND OWE NO MAN……………. 🙂
Romans 13:8 King James Version (KJV)
8 Owe no man any thing,
That is why , the US GOVT ….is the biggest liar and thief in the world….
Anybody know anything about MacDonald Mines, MCDMF. The drill results attracted me. About 200 Million shs out and 11% ownership by Sprott. It would probably be easier to find something Sprott doesn’t own.
Found s Goldfinger review. He likes the grades also. Appears worth some thought.
The prices artificially maintained by OPEC has led to overproduction, which became more dangerous as time went on. The bigger problem is how do you explain this to The Arab countries that have lived off all of these artificial prices for many years. You can’t, the system must crash, and they must feel the reckoning, then The Oil Cartel can be abolished.