#Login Register

  • 6 Vote(s) - 4.5 Average

Oil prices
01-06-2015, 07:05 AM #1
Shadow Incognito Anonymous
This ain't pretty. Bear with me for a bit.

Back in '97 Japan's economy imploded, causes were traced to crony capitalism and selling the ETF (where commodities are sold on paper) Nikkei sold 100 bbl of oil for every one they actually owned. Came time to deliver and there was nothing there.

Now, flash fwd to 2014. We see a massive drop in crude, WTI sub $50 today in US$. And that's the point. In US$. In any other currency, though I don't know it, it's just a theory, crude is as much as it was 6 months ago. US$ is the only compass we have.

But then look at the USDX for the last year


As crude drops, the USDX rises. Why?

Because crude isn't on sale the US$ is, and they're selling paper. everyone is surging into the US$ to buy crude but all they'll get is a piece of paper that says they bought crude.
01-06-2015, 02:25 PM #2
bohica Member
Posts:1,546 Threads:207 Joined:Feb 2011
Same thing for Gold and Silver, on a bigger scale. Phys wins.

I'm in my seventh decade on Earth. I know things.
01-06-2015, 04:39 PM #3
yankees skier
Posts:5,032 Threads:215 Joined:Feb 2011
Biere price index is still too high.

01-07-2015, 04:03 AM #4
Accidental Stoner Member
Posts:8,580 Threads:79 Joined:Feb 2011
How is that even possible..?

Nobody put on trial and in jail for this? 13.gif
01-07-2015, 04:07 AM #5
Shadow Incognito Anonymous
It's how gold and silver (and copper, platinum etc) have been traded on the markets for years. Called the ETF (exchange traded fund) and how precious metals have been so badly manipulated. They simply create a bunch more metals on paper and sell them. If they ever had to deliver the COMEX would default and the markets implode. Came close in Dec.
01-07-2015, 04:09 AM #6
Accidental Stoner Member
Posts:8,580 Threads:79 Joined:Feb 2011
Anonymous Kritter Show this Post
01-07-2015, 08:01 AM #7
Anonymous Kritter Incognito Anonymous
That is so strange i can't even understand it
01-07-2015, 08:37 AM #8
Octo Mother Superior
Posts:40,970 Threads:1,566 Joined:Feb 2011
What goes up must come down.

Anonymous Kritter Show this Post
01-07-2015, 10:17 AM #9
Anonymous Kritter Incognito Anonymous
The 10 dollar hooker only comes down when she runs out of crack chuckle.gif
01-07-2015, 09:26 PM #10
Accidental Stoner Member
Posts:8,580 Threads:79 Joined:Feb 2011

Double condoms, arsenic inbetween.

Then maaaaaaybe...but I doubt it.
01-07-2015, 10:26 PM #11
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,185 Threads:1,485 Joined:Feb 2011
Whaaa? You no likey scabbiah faced meth head trailer trash?


01-14-2015, 03:06 AM #12
Shadow Incognito Anonymous
Doing the math...

Oil @ $100USD with USD/RUB @ 30 =3,000 RUB
Oil @ $45USD with USD/RUB @ 66 = 2,970 RUB

Russia loses very little with the POO driven down so far. I wonder if the Saudis get that.



DISCLAIMER / Terms of Service (TOS):
Kritterbox.com - Socialize anonymously, commentary, discussion, oddities, technology, music and more!  This website is provided "as is" without warranty of any kind, either expressed or implied. kritterbox.com shall not be liable for any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.
This website exists solely for the purposes of exchange of information, communication and general entertainment. Opinions from posters are in no way endorsed by kritterbox.com. All posts on this website are the opinion of the authors and are not to be taken as statements of fact on behalf of kritterbox.com. This site may contain coarse language or other material that kritterbox.com is in no way responsible for. Material deemed to be offensive or pornographic at the discretion of kritterbox.com shall be removed. kritterbox.com reserves the right to modify, or remove posts and user accounts on this website at our discretion. kritterbox.com disclaims all liability for damages incurred directly or indirectly as a result of any material on this website. Fictitious posts and any similarity to any person living or dead is coincidental.
All users shall limit the insertion of any and all copyrighted material to portions of the article that are relevant to the point being made, with no more than 50%, and preferably less of the original source material. A link shall be visible in text format, embedded directly to the original source material without exception.
No third party links, i.e. blogs or forums will be accepted under any circumstances, and will be edited by staff in order to reflect the original source of copyrighted material, or be removed at the sole discretion of kritterbox.com.
Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to economics, individual rights, international affairs, liberty, science, and technology. This constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for educational and/or research purposes.
This Disclaimer is subject to change at any time at our discretion.
Copyright © 2011 - 2017 kritterbox.com