MrRenev

"Last time the west recovered"

Long
MrRenev Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
"Just hold (stocks) last time it went up"

Hey all the casuals today don't really care, what is happening now seems far and "complex economist stuff", just wait till they feel the consequences :)

The price of Oil falling to MINUS 40 dollars never happened before, so explain. What last time?
Down 330% in a single day.

Read carefully: DURING THE GOOD TIMES HUNDREDS OF SHALE OIL COMPANIES TOOK HUGE DEBT :) With super low rates and the FED pushing them too...
SHALE OIL COSTS 40-90 DOLLARS TO PRODUCE. $20 was an absolute nightmare, $10 they want to die, -40 well ....
They obviously will never be able to repay their debts. And their debtors won't pay theirs. And so on ;)

Still looking "overly bearish".
Bitcoin investors (******) still claiming "Bitcoin can never fall below 1000 because a billionaire would buy the whole supply"?

Oil companies have reduced production, but warehouses are still going to get full.

June contract looks like it could also fall alot. At least till Russia and Saudi Arabia reduce production as they promised.

So... every one will just get bailed out? We will print money? "Hyperinflation only happened in the past or in poor countries", well brace yourselves.

Workers in the oil industry are going to lose jobs. And it will ripple. The USA banks are kicking people out of their homes, I don't even know how many became homeless, because they took some variable interest huge debt (not going to defend them they are idiots), and so bankers are kicking them out and taking the house.

House prices probably collapse with all this supply. And it ripples and snowballs.

In the USA armed people have gone out to protest the lockdown.

In France in "ghettoes" people are getting more and more fed up and disrespecting the lockdown and have even started to riot, throwing molotov cocktails and all.
A migrant was killed and now they're even more pissed. A bike rider was hit by a police car... ah so as I thought all the dead birds are the consequence of idiot drivers right? I am being extra careful when I go out... Maybe I'll get hit by a retard too...

I heard Italy had riots too.

I don't even know what to say to people that think everything will be allright and every one will be bailed out.

In the 1920s Ford wrote antisemitic books (because bankers were all jews back then). US citizen have fat deposits in their brain or something, especially those antifa clowns, but the french have figured out bankers were the root of all evil. It's all going to repeat itself.

The biggest depression in history, big unrest maybe a world war. It's important to stay focussed so to predict or at least see it coming as soon as possible.
If you were a jew trying to leave germany in 1925 you'd be fine, if you were a jew trying to leave in 1934 I got bad news.

I don't want to recommend to "normal families" to speculate, but maybe buying just a bit of gold "in case" is wise, doesn't have to be huge, just a bit to be safe.

All we can do is watch and react as early as possible while things get worse. Stay away from the wars (unless you're willing to participate), avoid catching flying bullets...

Trump considered paying Oil producers not to pump oil but this did not cheer Oil execs up.

This is my opinion:
$10 Oil was a nightmare, but -40 is just not even funny. Oil execs want to wake up.
A few years ago hundreds of energy companies went bankrupt. This time will be much worse.
Recovery (of the economy) is IMPOSSIBLE
Every thing will snowball out of control
Things will only keep getting worse
There is no hope for the USA
The EU is over but situation in european countries might not be too bad
I might never invest in the USA
AT LEAST tens of millions will die (but we saved a few thousand grandpas hurray)
Bitcoin & all cryptos will go to zero
Biggest depression in human history perfect outcome for lowest interest rates in history
Bear bear bear bear red red red (not trolling)
The whole world will be impacted in various ways
So many will lose their jobs possibly >30%, civilisation will collapse, complete hell
Bankers should be happy, hell is their natural habitat
Only food, weapons, and gold are your friend
REPENT. Currently looking for an end of the world sect to join, they were right
Comment:
Trump conference at 5.30 PM (Washington time I assume, so in 15 minutes).
It's going to be lots of fun.
Comment:
Sure seems like alot of smart people agree with me...


The next major paradigm shift / war is ACTUALLY going to be a civil war between the smart and the dumb, not a joke. It's really looking this way.

The smart can replace the dumb with robots so they have no reason to keep them around...

Not doing any eugenics here, just witnessing and speculating.

All the theories & novels showing humanity split in 2 might be true, with 1 correction, they predicted this to happen in tens of thousands of years, not tomorrow.

"According to an article at the BBC, an evolutionary theorist in London suggests that humanity may split into two sub-species within the next 100,000 years. From the article: 'The descendants of the genetic upper class would be tall, slim, healthy, attractive, intelligent, and creative and a far cry from the "underclass" humans who would have evolved into dim-witted, ugly, squat goblin-like creatures."


The smart at the moment are more successful than the dumb, because that's the laws of physics or something, but at the same time the smart feel they are the victims of the dumb, that drag them down and annoy them with all sorts of rules that make no sense.

Major paradigm shift SOON!

Brrrrr.
Comment:
During his press conference yesterday evening bagholder in chief Donald Trump blamed the fall in Oil price to speculative short sellers and said it was "pfff short term" but "we are doing great and every one is doing a great job and we have a great economy" xd
I'm crying xd
Love that guy <3
Still hope he gets re-elected since the opposition is absolutely ridiculous.
At least we'll have 4 more years of laughter.

I posted a new idea giving some light (can't go into details in just 1 post) about the repercussions in Oil reliant economies:
www.tradingview.com/...rek-This-is-the-end/
Comment:
"We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!"
- Donald Trump

More imaginary money to be printed to save useless overleveraged unprofitable companies.

United States of Greece.
Comment:
Irrational brainlets are lying about covid treatments.
Saying "Trump cure" kills, in 1 example this person is using a study comparing patients with lymphopenia in terminal phase taking HC ("Trump pills") to 'healthy' (apart from covid) patients.

Oh what is this? San Francisco, CA.
Oh what is this? She/her.

MDs that should be focussing on treating patients have to waste time on the internet debunking fake news by the "woke", the nazi movement of today.

Those people would rather see millions or even more die than let Trump be right about anything and be the hero! They WANT people to die and a complete collapse of civilisation to promote their idiotic agenda.

They are WORSE THAN HITLER! I hate them with a passion.
If this disgusting movement take holds of europe (it will be germany AGAIN "migrants welcome"... it's always germany) I am joining the resistance.
France & the UK will never be seduced by the new NAZIs that claim they really hate NAZIs because as Goebbels said "If you tell a lie big enough and keep repeating it, people will eventually come to believe it." This is how you know those "woke" "tolerant" (anyone believe this?) extremists are nazis.

Keep that crap in the USA tyvm. We don't need it here.

I will rejoice if the USA have a civil war and those apes get mowed down.
A good NAZI is a dead NAZI.

You might say the civil war started and there's already casualties of misinformation/biological warfare...

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