Silver Update: Arab Fall

September 19, 2012 By 3 Comments

BrotherJohnF’s latest Silver Update: Arab Fall


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Comments

  1. Avatar of AGXIIK AGXIIK says:
    September 19, 2012 at 2:04 PM

    BroJo makes an interesting point. For 40 years we have paid trillions of dollars for oil from the ME, an area known for political and economic volatility populated by a religion antithetical to ours.  It always seemed strange to me that we would deliberately send our hard earned cash to these regions for a resource we had in abundance here in the US.  But with the petro dolalr recycling system in place since the 1970′s we get to deplete a resource from these countries, eventually removing their lifeblood of income by buying up all their oil and offering them a currency that was and is destined to collapse.  They end up with nothing to sell and an abundance of worthless currency.  
    This long view strategy makes sense now that we are producing natural gas, fracked hydrocarbons and oil shale in amounts that dwarf the ME.   Once the price went high enough to make extraction economical and profitable, and note that the price we have to pay at the pump is immaterial no matter how painful it appears at this time, the Western world is  effectively bankrupting the ME.  It would not surprise me to see this happen within a decade or less as we start producing our hydrocarbon needs from capped wells and other methods including coal to gas technology.  

  2. Avatar of Ed_B Ed_B says:
    September 20, 2012 at 12:37 AM

    You got it, AG… all part of THE PLAN.  Come to think of it, good on ‘em!
     

  3. Avatar of Sumkid Sumkid says:
    September 20, 2012 at 10:27 AM

    I heard somewhere that the reason why there are high food prices in Middle East is because of the devaluation of the US dollar with the link of the petro-dollar. Just imagine the people in the Middle East when the US dollar will collapse. Already today, they are fighting against the high prices on food. I hope that many people in the Middle East will notice the danger after the end of the petro-dollar and that they will start leaving this area.

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