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Did the Saudis and the US collude in dropping oil prices? : Comments
By Andrew Topf, published 5/1/2015The explanation, while difficult to prove, may revolve around control of oil and gas in the Middle East and the weakening of Russia, Iran and Syria by flooding the market with cheap oil.
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Posted by James O'Neill, Wednesday, 7 January 2015 10:46:20 AM
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Off the topic but things are really hotting up.
http://www.silverdoctors.com/is-this-a-missing-puzzle-piece-to-europes-gold-repatriation/#more-49696 Since when do bankers have to power to steal your deposits if you don't vote the right way ? "Goldman Sachs is already threatening that if Greece fails to to vote “the right way”, that a Cyprus-style bail in or bank holiday could resume." Note also the Netherlands repatriated over 100 tonnes of gold and is now considering re-establishing their own currency probably gold backed as a foil against banker money printing. Posted by Arjay, Thursday, 8 January 2015 5:43:50 AM
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Arjay said:
Since when do bankers have to power to steal your deposits if you don't vote the right way ? Since Wayne Swan signed us up to the G20 Financial Stability Board in St Petersburg in 2013. Posted by Bazz, Thursday, 8 January 2015 7:36:01 AM
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You are fixated on gold, aren't you Arjay?
>>Note also the Netherlands repatriated over 100 tonnes of gold and is now considering re-establishing their own currency probably gold backed as a foil against banker money printing.<< At current prices, this would be worth just under $5bn The GDP of the Netherlands is around $800bn. How much more gold would they need, do you think, to constitute a "foil" against printed money? But then again, simple arithmetic has never been your strong point, has it. And this is just... well, dumb. >>"Goldman Sachs is already threatening that if Greece fails to to vote “the right way”, that a Cyprus-style bail in or bank holiday could resume."<< Somebody owes you money. They unilaterally decide not to pay you back (i.e., they "vote the wrong way"). You can either shrug your shoulders and walk away, or you can ask them to "vote the right way" instead. Greece: deserving charity or economic basket-case? Posted by Pericles, Thursday, 8 January 2015 8:27:22 AM
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Mike Whitney "Oil Price Blowback". It ca be found at Counterpunch and also global research.ca on 6 January 2015.