Socio-Economics History Blog

Socio-Economics & History Commentary

Double Barrel: Ruble Plunges to 5-Year Low!

  • Published on Dec 15, 2014
    Even if oil prices nosedive to as low as 40 dollars per barrel OPEC will not cut production to drive them back up. That’s the message from officials of the cartel.
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  • Economic (ie. US & European sanctions) and financial WW will lead to the Satanic WW3! It is the west who is attacking the Russian Ruble much like in 1998!

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December 16, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Keiser Report: Debt Meteor Approaching Earth!

  • Published on Dec 13, 2014
    In this episode of the Keiser Report, Max Keiser and Stacy Herbert believe that ‘something’s gotta give’ as the real world continues to tumble while equity markets continue rising – and not everyone is ‘lovin’ it.’ They also compare the debt curse to the oil curse. In the second half, Max interviews equity crowdfunding pioneer, Simon Dixon of BankToTheFuture.com, about the latest in CrowdFunding 2.0 as both the political and financial space is disintermediated.
Global economic, financial and currency Armageddon coming!

Global economic, financial and currency Armageddon coming!

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December 15, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | 1 Comment

US Benchmark Sinks Below $60 for 1st Time Since July 2009!

  • Published on Dec 11, 2014
    Oil prices drop even lower: The US benchmark crude has slid below sixty dollars a barrel for the first time since July 2009. Prices held up for most of the day, but fell by more than one dollar in the final two hours of trade on Thursday. US oil has lost around 44-percent of its value since June. Market analysts say oversupplied global markets are to blame for the plunging prices. Some major oil producers, including Saudi Arabia, have recently increased crude supplies, leading prices to crash. Many believe oil prices are being used as a political weapon against Iran.

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December 12, 2014 Posted by | Economics | , , , , , , , | Leave a comment

Venture Capital: Rouble Trouble!

  • Published on Dec 7, 2014
    This week, Katie Pilbeam wants to know if the Russian rouble has finally reached bottom as the currency hits a record low on falling oil prices. Also, the Russian government offers a tax amnesty in a bid to stem capital outflow and encourage its citizens to bring money back from offshore.

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December 8, 2014 Posted by | Economics | , , , | Leave a comment

Jim Willie: “The Western Banking Cabal’s Stranglehold”! Rise of the New World Order?!

  • Published on Dec 4, 2014
    http://www.trunews.com

    SPECIAL GUEST: Jim Willie
    Vlad Putin reminded the West today that the Nazis could not defeat the Russian Army. Is anybody in the USA paying attention? Financial analyst Jim Willie spends one hour with Rick today. Mr. Willie said we are in the final stage of the break-up of the Western banking cabal’s stranglehold on the world. You’ll hear a financial analysis that you won’t read in the Wall Street Journal or hear Jim Cramer say on CNBC.

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December 5, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives!

WarrenBuffet-Financial_Derivatives_r_WMD_n_time_bombs_for_the_economic_system

  • Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives! 
    by Michael Snyder, http://theeconomiccollapseblog.com/ 
    Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market?  The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either.  If the price of oil stays at this level or goes down even more, someone out there is going to have to absorb some absolutely massive losses.  In some cases, the losses will be absorbed by oil producers, but many of the big players in the industry have already locked in high prices for their oil next year through derivatives contracts.  The companies enter into these derivatives contracts for a couple of reasons.  Number one, many lenders do not want to give them any money unless they can show that they have locked in a price for their oil that is higher than the cost of production.  Secondly, derivatives contracts protect the profits of oil producers from dramatic swings in the marketplace.  These dramatic swings rarely happen, but when they do they can be absolutely crippling.  So the oil companies that have locked in high prices for their oil in 2015 and 2016 are feeling pretty good right about now.  But who is on the other end of those contracts?  In many cases, it is the big Wall Street banks, and if the price of oil does not rebound substantially they could be facing absolutely colossal losses.
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    It has been estimated that the six largest “too big to fail” banks control $3.9 trillion in commodity derivatives contracts.  And a very large chunk of that amount is made up of oil derivatives.
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    By the middle of next year, we could be facing a situation where many of these oil producers have locked in a price of 90 or 100 dollars a barrel on their oil but the price has fallen to about 50 dollars a barrel.

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    In such a case, the losses for those on the wrong end of the derivatives contracts would be astronomical. At this point, some of the biggest players in the shale oil industry have already locked in high prices for most of their oil for the coming year.  The following is an excerpt from a recent article by Ambrose Evans-
    Pritchard

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    read more!

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December 5, 2014 Posted by | Economics | , , , , , , , , | Leave a comment

Oil Prices Falling, Who Suffers? Tony Gosling on West Economic Warfare vs Russia!

  • Published on Dec 4, 2014
    Ahead of Putin’s state of the nation address, international media coverage was full of doom-and-gloom warnings for the Russian economy. The low crude price has indeed put a strain on Russia’s finances, but what’s the impact for the rest of the world?

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December 5, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Oil Price Drop Signals Global Depression and WW3?

December 5, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Jim Willie: No Prisoners in The Global Money War!

December 3, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gas War as Saudis Target US Oil Independence!

  • Published on Dec 2, 2014
    Gold tumbles as Swiss voters reject referendum to back the Swiss Franc with 20% in gold but plummeting oil prices are a strategic and political move by the Saudi government. The Saudis hope to depress oil long enough and low enough to drive American shale-oil producers out of business and perhaps damage Russia economically as well. But it may inflame tensions in the Middle East as well. Enjoy the $2/gallon gas now — you may pay dearly for it later.

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    GOLD TUMBLES AFTER SWISS REFERENDUM, OIL HITS FIVE-YEAR LOW – http://www.infowars.com/gold-tumbles-…
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    Swiss set for gold vote amid ‘6,000-year bubble’ warning – http://www.cnbc.com/id/102223258

    Saudis risk playing with fire in shale-price showdown as crude crashes – http://www.telegraph.co.uk/finance/oi…
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    Vaccines Will be Made from Human Cancer Tumors – http://www.infowars.com/vaccines-will… 

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December 3, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Exported Oil Paid for in Foreign Currency, Russia Makes More Money Than Expected !

  • Published on Dec 1, 2014
    The Russian ruble suffered its worst one-day fall since 1998, plummeting eight percent against the dollar. RT discusses the issue further with global financial markets expert Patrick Young.

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December 2, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Oil Prices Tumble to New Multi-Year Lows in Asia!

  • Demand for US Treasuries (US debt) is fuelled by demand for dollars to buy oil ie. petrodollar. A higher oil price means greater demand for dollar which means greater demand for US debt. Now that oil price has collapse from US$100/barrel to US$60+/barrel, it implies that there will be less demand for dollars and US treasuries. Who is going to finance the US$1+ trillion of annual US debt? Do you really believe the FedRes when it says it has stopped QE? Coincidentally after the FedRes’ announcement of stopping QE, the BOJ announced massive QE! If you believe in coincidence!
http://www.foreignpolicyjournal.com/2014/05/14/the-fed-is-the-great-deceiver/

Click on image for article!

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December 2, 2014 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Excerpt GEAB 89 : The Oil Industry Crisis!

Chart 7 – Russian gas exports, by country, 2012. Source: EIA

Chart 7 – Russian gas exports, by country, 2012. Source: EIA

  • Excerpt GEAB 89 : The oil industry crisis! 
    by http://www.leap2020.eu/ 
    The current fall in oil prices squarely caused by this strategy of despair is in the process of smashing the oil/gas industry. The Ukrainian crisis, far from allowing the West to get its hands on Russia, is in the process of forcing it to rethink its dependence on Europe as a customer for its gas (71).      
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    All these radical changes in oil geopolitics are both the cause and consequence of a crisis that is often ignored: that of the oil industry. One thought it had been saved thanks to shale oil; it will lose because of shale oil.
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    Now, many businesses are in fact fleeing shale oil extraction: whether due to poor profitability, as in Texas (72), in the US Northeast (73), or again in Poland (74); because of protests against its extraction in England (75) and in Romania (76); or because of sanctions against Russia (77) … There are countless victims. Oil at $80 a barrel is beginning to spread panic and an article has already announced the first signs of a drilling slowdown (78). The biggest companies are themselves obliged to sell many assets to bail themselves out (79); their production has fallen drastically whilst the investment needed is increasingly significant (compare the chart below); all the oil businesses are increasingly indebted (80); oil operations (shale in particular) suddenly risks being no longer profitable if the price of a barrel settles below $80 long-term, funding is increasingly difficult in these times of economic scarcity, etc.      
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    2015 : major risk in the oil markets 
    The oil industry is in bad shape stop the global systemic crisis, touching the country at the heart of the system – the US –, clearly affects the main ingredient of their domination over the last 40 years: the petrodollar. Therefore, it’s hardly surprising that instability is hitting the oil economy head on.
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    read more!

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November 29, 2014 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

OPEC Won’t Cut Oil Output, Crude Prices Plummet to 4yr Low!

  • Published on Nov 27, 2014
    A tense atmosphere and emotions running high accompanied a meeting of the world’s leading oil producers, and it resulted in OPEC leaving production just as it is. Reaction was swift on the markets, with the price for black gold immediately on the slide again, down to a four-year old low. READ MORE:
    http://on.rt.com/ejwh1f

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November 28, 2014 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

Jim Willie: Thanksgiving Update

Click on image to download MP3 interview on 26 Nov with Turd Ferguson!

Click on image to download MP3 interview!

  • The Holiday Tradition! 
    A holiday tradition continues here in Turdville as The Golden Jackass himself, Jim Willie, recently stopped by for a discussion of current global events.
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    OK, everyone, I hope you’re ready. Jim and I hadn’t talked for almost 90 days so, once he got started, it was pedal-to-the-metal. As I often do with Jim, I mainly just sat back and let him roll…of the 65 minutes, you get about 60 minutes of Jackass and 5 minutes of Turd. And we still didn’t even come close to getting everything covered! Therefore, Jim will be back right before Christmas and we promise to discuss these topics in even greater detail.
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    For now, though, just sit back and enjoy if you have the time.

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November 28, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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