May futures on oil collapsed to the minus.
It is oil that at the moment reflects the tragic situation in the world economy.
At a glance, all this is just dials on the charts, but now many parts of the puzzle can be put together.
At the moment there is no room left for oil storage, all the storages and tankers are overflowing,
and the shales can't just stop production, or the pressure in their wells will drop drastically,
and they'll just lose the well. But even if the well survives, the companies have to somehow pay their debts on loans,
that they got from the Fed's low interest rate. It turns out that the oil sellers now have to pay the buyers to take the oil.
It's like paying garbage trucks to pick up your trash,
only instead of crack, you give them real oil that killed millions of people, by the way.
June contracts are still traded around $21 a barrel, but there's still a month before the contracts are expired,
and if the pandemic continues to paralyse the world economy, no one will need that oil either,
and maybe oil sellers will have to pay even more buyers to get physical oil.
On the face of the imbalance between supply and demand, and the market price as if hints that production should be stopped or something drastically changed...
If you remember, the whole situation with the fall in oil began with Coronovirus, namely on January 8th (the price was $65 at that time).
The first talks started about the virus, quarantine the whole of China, one of the main oil importers, and a possible transport blockade of the whole world in principle.
Naturally, when everything is worth it and there is no need in oil. Then the Saudits did not agree with Russia and decided not to stop the production.
The whole world economy started to fall, but if, for example, the Fed can print money and pump the entire stock market through its bank tentacles,
then the printing press can't get to the oil rig yet. Oil is still a game bigger than local stock indices.
Here the interests of many countries and the powers of the Fed do not apply to them.
The only thing you can do is write off the debts and bankruptcies of the American oil shale industry.
Which conclusion is that?! In my past positions, a lot of people must have realized that I'm skeptical about this pandemic.
Whether it's real or not to the virologists, but the fact is,
which field of action Coronovirus opens for economic and financial fraud concerns us all.
Perhaps one of the main motives of the Coronovirus Flash mob is the deliberate collapse of all Petrodollar (petrodollar).
Who would benefit from this? Russia, China, Iran, maybe the States themselves, maybe the central banks?!
Suddenly the central banks decided to make a complete monetary retreat for the Coronovirus and replace dollars with new crypto-dollar or some Fed coins?
Didn't you think that Bitcoin was just a trial run of the crypto currency on a blockhead? And as soon as the Fed and the central banks launch the new crypto-money,
what happens to "our" crypt and Bitcoin? It's all about getting the cache completely out of our lives.
Paper money limits the control of banks, while electronic money will give them full access to your life.
It is oil that at the moment reflects the tragic situation in the world economy.
At a glance, all this is just dials on the charts, but now many parts of the puzzle can be put together.
At the moment there is no room left for oil storage, all the storages and tankers are overflowing,
and the shales can't just stop production, or the pressure in their wells will drop drastically,
and they'll just lose the well. But even if the well survives, the companies have to somehow pay their debts on loans,
that they got from the Fed's low interest rate. It turns out that the oil sellers now have to pay the buyers to take the oil.
It's like paying garbage trucks to pick up your trash,
only instead of crack, you give them real oil that killed millions of people, by the way.
June contracts are still traded around $21 a barrel, but there's still a month before the contracts are expired,
and if the pandemic continues to paralyse the world economy, no one will need that oil either,
and maybe oil sellers will have to pay even more buyers to get physical oil.
On the face of the imbalance between supply and demand, and the market price as if hints that production should be stopped or something drastically changed...
If you remember, the whole situation with the fall in oil began with Coronovirus, namely on January 8th (the price was $65 at that time).
The first talks started about the virus, quarantine the whole of China, one of the main oil importers, and a possible transport blockade of the whole world in principle.
Naturally, when everything is worth it and there is no need in oil. Then the Saudits did not agree with Russia and decided not to stop the production.
The whole world economy started to fall, but if, for example, the Fed can print money and pump the entire stock market through its bank tentacles,
then the printing press can't get to the oil rig yet. Oil is still a game bigger than local stock indices.
Here the interests of many countries and the powers of the Fed do not apply to them.
The only thing you can do is write off the debts and bankruptcies of the American oil shale industry.
Which conclusion is that?! In my past positions, a lot of people must have realized that I'm skeptical about this pandemic.
Whether it's real or not to the virologists, but the fact is,
which field of action Coronovirus opens for economic and financial fraud concerns us all.
Perhaps one of the main motives of the Coronovirus Flash mob is the deliberate collapse of all Petrodollar (petrodollar).
Who would benefit from this? Russia, China, Iran, maybe the States themselves, maybe the central banks?!
Suddenly the central banks decided to make a complete monetary retreat for the Coronovirus and replace dollars with new crypto-dollar or some Fed coins?
Didn't you think that Bitcoin was just a trial run of the crypto currency on a blockhead? And as soon as the Fed and the central banks launch the new crypto-money,
what happens to "our" crypt and Bitcoin? It's all about getting the cache completely out of our lives.
Paper money limits the control of banks, while electronic money will give them full access to your life.