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It’s not all that easy to demand accountability.
At a news conference last week in Brussels, Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.
Read More At Investor’s Business Daily: https://news.investors.com/ibd-editorials/021015-738779-climate-change-scare-tool-to-destroy-capitalism.htm#ixzz3S3Wb3zmd
Berlin was willing to spend billions and billions to join West and East Germany after the wall came down. After all, they were spending it on their own tribe. They starved many thousands of Greeks in WW II to feed their own tribe. Europe is tribal in spite of all the forced immigration.
Raúl, I see a scenario that looks more than possible. Pastor Williams anounced a few years ago that his elite friends were going to drive oil down to $ 25. It happened just like he said it would. Since oil has been financialized, the oil majors have been losing a lot of money and the banks have been making a lot of money. I believe that The good pastor’s elite friends have done it again. They supported oil unitil everybody was drawn into the high-yield market,,, then, they yanked out the rug when the unfolding decline in demand was ready to break loose. The “smoking gun” is the price of gasoline. They drove it WAY down by decree. Copper is down but, retail copper is still rising. The oil majors wanted to drive all profit out of the oil business. There are several $ trillions of derivatives involved in the energy market.
The default and contagion will bring it all down. After U.S. shale oil producers are bankrupt and shut down, we will have to import most of our oil. That is when the oil exporters will demand trade settlement in gold. The R.O.W. is very tired of warmongers. They can only clip our wings economically, not militarily. This is a matter of survival for them. Canada is our #1 supplier but, they can’t carry the whole country. The world will close ranks on exports. They can survive.
I found very interesting correlation on the drop in the price of oil.
Here is a must read article by Stockman with a VERY good explanation of “financialization.
It ties it all together about raising profitability and risk together.