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Oh no! More debasement of US Dollar      7-Nov-09 01:36 pm    
Great. Central bankers around the world have agreed that there will be another 9 month round of "accomodation."

Translation: Fed will not tighten (raise interest rates) the unprecedented flow of dollars that absolutely debase the US dollar further.

Britain just pumped 25 billion pounds in and Tim G./Bernanke are about to embark on another orgy of "printing" US dollars.

The ONLY outcome is to see the US dollar debased. This regardless of the currency comparisons as several are also being debased in concert (e.g. British pound)

But China, India, and Middle East countries expect to be "compensated."

This will absolutely be in the form of a much higher number of US dollars per barrel of oil.

It's not "inflation" guys, it's reality. They will not stand for a rip off of deflated US dollars per barrel of oil just to help out our pathetically fragile banking system due to over leveraging and of course greed.

Barrels of oil will absolutely be much, much higher in the Q1 and Q2 due to the announced debasement by design of the US dollar.

Oil will easily "cruise" up over $100 per barrel even with low demand! In all liklihood shooting back up to $150 and beyond this coming summer when there will actually be more demand.

Do not be lulled to sleep. Read between the lines. Oil will move up, up, up from here. Why do you think GS and other "insiders" are predicting a major oil spike within 12 months???

Remember it will have NOTHING to do with demand or a weak recovery or green shoots or double dip recession. It's all about the planned debasement of the US dollar in spite of it all.


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dblportion2...

42/Male
USA


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Oh no! More debasement of US Dollar
dblportion2... Not rated 7-Nov-09 01:36 pm  
 
I agree but what is going to happen to USO in dec1...
SendKeys Rate it 8-Nov-09 02:26 am  
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United States Oil Fund LP (USO)

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