Global Economy Bursting?

[Terrel L. Shields]

Exxon-Mobil, Shell and Chevron will soon announce their quarterly profits. They will undoubtably be larger than usual. With some significant part of the oil reserves in America and the price exploding over the last 90 days, well....duh. Of course, they have benefited from that alone. The margins on their refining, transportation, and retail business is likely little changed. It's all in the price of oil. Since the "Majors" only control about 8% of the world's oil supply that means the other 92% is controlled by the sovereigns like the Saudis, Russians, and OPEC countries. Their windfall is enormous as well and its most at the expense of the U. S. dollar which won't buy as much today for them as it did a few days ago....so they want more dollars to make up for the lessening value of the buck. That is an inflationary cycle which threatens to spiral out of control if they don't stop this stupid QE...

Expect Obama to rant and rail at the oil companies...easy targets, but the real culprit is the cheapened dollar. When gold hits $3000, the dollar will be worth exactly half what it is today.

 

[Randolph Kinney]

HEADLINES LINKS FROM DRUDGE REPORT EASTER MONDAY APRIL 25,2011


Dollar's Decline Speeds Up...
China planning to cut U.S. reserves by two-thirds?
Gold and silver continue to surge...
IMF: AGE OF AMERICA NEARS END
Oil drama continues...

Good articles. I like the one that says, "China’s economy will surpass the U.S. in 2016" which will happen if China's real estate bubble doesn't implode.

China has roaring inflation as it is.

 

[nicholz12]

Good articles. I like the one that says, "China’s economy will surpass the U.S. in 2016" which will happen if China's real estate bubble doesn't implode.

China has roaring inflation as it is.

Yeah... just read it... I was just going to post it, you beat me to it.
:icon_mrgreen:

 

[Couch Potato]

Silver Just Started The Week With An Unbelievable Surge

US silver futures surged 8.2% to just under $50 this morning. Prices were boosted by an increase in physical demand for the metal and a weak dollar that hit a three-year low. U.S. gold futures also hit a record high.

Bubble, bubble, toil and trouble - let thou silver speak.

I sold the speculative portion of my silver today that I purchased late last year. It may go higher, but with my current profit of over 100% in under six months I am satisfied.

 

[Couch Potato]

Good articles. I like the one that says, "China’s economy will surpass the U.S. in 2016" which will happen if China's real estate bubble doesn't implode.

China has roaring inflation as it is.

With four times as many people, China ought to have four times the US GDP. :new_all_coholic:

 

[Restrain]

Don't compare China's economy with the US, because so much of the population not along the coast still live in near-poverty conditions, much as they have for the last 75 years.

 

[Big ole Boy]

Obama and Left just want to Nationalize oil industry

about Oil ........ let me see ...... Our Government wants to get rid of speculators .....


.... sure, why not .... I mean ..... the Governemnt is such an expert at managing risk and other peoples money. ..... why not give them even more control ...

... they have done such a great job with everything else ...... why not give them even more power ...

... heck, why not just go ahead and nationalize all oil companies ..... I am sure the government can manage things better ....

..... I mean look at their track record?

 

[Randolph Kinney]

S&P cuts outlook on Japan sovereign rating

http://www.marketwatch.com/story/sp-cuts-outlook-on-japan-sovereign-rating-2011-04-26?siteid=bnbh

 

[Randolph Kinney]

Gold LOVES Bernanke

 

[Big ole Boy]

.... its the connections of people ....

.... the busier they can make the family jump through hoops ... running here and there .... the further they can pull the family apart ........

.... the currency of our power is our connection with others .....

.... they want to devour these connections ..... to dine on them for their new world order

.... find a hand ..... and hold onto it ...

.... I hear at Harvard they teach .... that law is just a construct of the current establishment .... to keep and hold onto power ....

....

....