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Oil prices
01-06-2015, 07:05 AM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
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

İmage

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:1,590 Threads:194 Joined:Feb 2011
Same thing for Gold and Silver, on a bigger scale. Phys wins.

There's plenty of room for all God's creatures. Right next to the mashed potatoes!
01-06-2015, 04:39 PM #3
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
Biere price index is still too high.

Biere.
01-07-2015, 04:03 AM #4
Accidental Stoner Member
Posts:8,797 Threads:70 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 Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
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:8,797 Threads:70 Joined:Feb 2011
blink.gif
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:42,577 Threads:1,469 Joined:Feb 2011
What goes up must come down.

yup.gif
01-07-2015, 08:45 AM #9
White Ribbon call me
Posts:9,779 Threads:371 Joined:Apr 2013
(01-07-2015, 08:37 AM)Octo Wrote:  What goes up must come down.

yup.gif

said the $10 hooker..

13.gif
Anonymous Kritter Show this Post
01-07-2015, 10:17 AM #10
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 #11
Accidental Stoner Member
Posts:8,797 Threads:70 Joined:Feb 2011
chuckle.gif

Double condoms, arsenic inbetween.

Then maaaaaaybe...but I doubt it.
01-07-2015, 10:26 PM #12
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,265 Threads:1,438 Joined:Feb 2011
Whaaa? You no likey scabbiah faced meth head trailer trash?

wonder.gif
01-14-2015, 03:06 AM #13
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
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.



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