While everybody appears to be celebrating the record highs on Wall Street, we are also seeing a loss of public trust.
Please contact us for permission to reproduce this content in other media formats).
But Saudi Arabia and other opec nations have suggested the price could drop to 40 or even as low.
But thats not even the worst.Today, you might be driving off for half that amount.On the surface the recent drop in the price of oil ahri certificate for rebate has been a huge boost to Americas pocket books.So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.This time, as John Ing notes, the magnitude of the crash will be significantly worse and even the.S.Oil and Gas industry has seen incredible job growth during the recession, with nearly 800,000 new jobs being attributed to domestic fracking and drilling expansion.Time is running short and now is the time to prepare.While losing 50,000 or even a million jobs will have a major impact on consumer spending, and thus the economy, the real problem is the massive amount of leveraged bets and debt currently in the system.
After the panic starts it will be too late.
But with a sub-sixty dollar price point, its quite possible that all economic hell is about to break loose.Full Interview: King World News via, steve Quayle, on top of all the other problems being faced by Americans low wages, lackluster job growth, increased medical care costs, rising prices on essential goods, and more taxes to name a few could the sudden drop in the.With the drop in the oil price we have yet to see the impact of the credit default swaps and what this will mean for the stability of the global financial system.This will certainly set off a chain reaction of problems in 2015.Please Spread The Word And Share This Post Author: Mac Slavo Views: Read by 44,574 people Date: December 29th, 2014 Website: m Copyright Information: Copyright shtfplan and Mac Slavo.When experienced workers lose their highly paid jobs, they stop paying their bills.At least four American oil-producing states are already facing budget problems due to decreasing oil revenues.In a recent interview with, king World News, John Ing says that not only did Congress remove financial safeguards when they passed their latest budget bill, but by doing so they left America susceptible to a disaster that will make 2008 look like a dress.This will lead to disastrous consequences.
At over 100 barrel, there was plenty of money to go around.
In such a scenario we could easily see widespread layoffs in an industry that currently employs over 10 million Americans.
Meanwhile, the derivatives monster has gotten even bigger. .