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CaptBob
198 Comments
Oil Price Targets
1.There are three kinds of each commodity class-(of which oil is one).
a. Finite and renewable--Oil is finite-Corn renewable.
1a. With and without viable substitutes--Oil or walk--Corn or rice?.
b. Affordable and non affordable=Not how much you want it but how much your willing and have the ability to pay. The top is an A+.
c. Amount on the auction block at any point in time. You portion this out to the A+'s till there's none left. The remaining buyers go home on their bikes.
The amount of oil on the block is going down--the dollars used to buy it with are going down-(in value=takes more to buy with demand staying equal). The amount of buyers is increasing, there's just more A+'s in America than China,-BUT there's more of them at 1liter each, which raises the price on a lot of liters.
Now!! Equipped with these secret formulates you are ready to go out and dazzle the experts--in the long term.
The short term requires a course in "Twitchy Buffalo Heard" predicting.
U.S. Dollar Shaking Off Risk Aversion
If anyone really believes all this bail out liquidity is being created to help homeowners, consumers or any other segment of the American Public have your living space swept for toxins.
This is Bankers helping Bankers and to think they would make a 180 degree turn to strengthen the dollar-which would HURT Bankers- --(higher rates)--Pinch yourself you must have dozed off.
The trillions are to much to repay and the debt decreases with a weak dollar. Measure the dollar by it's purchasing power of gold, oil or even coffee not by other currencies, they're fiat too and playing the same game so we don't beat them up too badly.
Also believing Govt. economic numbers of any kind places you in dire peril!!. Does anyone really believe inflation is 4%?? Think about it.
How Can the Dollar Rally As Oil Soars?
But that is based on past predictions, not present.
Present is: Our debt far out paces our ability to ever repay, even with deliberately depreciated dollars.
The number of fiat dollars in circulation has not the remotest linkage to our gold holdings, natural assets, GDP, or even Gods blessings for being a good people.
The almighty dollar is doomed, rosy talk by Hank & Ben notwithstanding.
The patient has a terminal illness and the Rx to date has been the infusion of more fiat dollars, tantamount to yesterdays piling on of more Leeches as the patients Blood Pressure drops.
A Fed Rate Hike Won't Solve the Current Crisis
It's a shame the citizens of same are 90% illiterate and can't read this article.
If D. White had done his homework and read--(or listened) to T.B. Pick's plan he would not have criticized it for using nat gas when it is "tight"--he would have noticed the nat gas being used for auto fuel was FIRST being freed up by using wind generation to produce electricity.
The Pick is a known success story/quantity who puts his -ample-money where his mouth is, and I'll listen to him any day over a Politician who puts his mouth where my money was.
I've learned more from Sponge Bob than jimmy Carter,--30 years ago--showing us how to deal with energy shortages! and every politician since--in whose capable hands--we left the problem.
How Can the Dollar Rally As Oil Soars?
The hard numbers are so skewed they lie almost as much as the talk.
Todays promises are tomorrows forgotten memories.
Skilled and creative thieves lurk in every loophole on the currency highway.
Nothing is as it seems --so anything is possible!
Is the Gold Uptrend Over?
"We go now to bottom to pick up some dead and have feast, O Great Chief ?"
"Patience B.F., Patience, knowing something will happen does not make it happen now".
On Oil, Gold and Flying Pigs
It's no secret where the dollar and the economy with it are headed.
Even IF they could, politicians and the Fed. don't have the guts to do more than make speeches!!
The real fools are the ones who listen!!
A piece of farmland might come in handy too; See if you can breed a few of those flying porkers that are coming out of Washington!!
The Fat Lady's Not Singing Yet for the Economy
I believe in a Capitalistic economic model as much as anyone. But I don't believe a prerequisite of it is to extract as much easy money as possible, from people we hold an edge of sophistication on, till we drive them to the brink of indentured servitude.
I've found people in overwhelming debt, make poor company, and seldom smile when pouring my Champagne.
Gold-Oil Ratio Weekly Status Update
Unmentioned is the fact that there are NO reserves!-in the tank nor in the ground. Supply/demand is balanced on a knifes edge and Global tensions and economic charts are driving the price more that Mr. Jones Hummer.
Oil is finite, and as the supply dwindles fewer bidders will pay higher prices. That is the way things work on the third world from the sun!.
When 90% of the population dines on Pasta Fagioli-(that's beans baby, beans) there are enough left to decimate the remaining supply of Prime Rib!.
But this has little to do with Gold. oil is merely a contributing factor--a symptom of an illness in the real patient which is our currency--'The Dollar is sick and dying'!! And everyone knows it!.
As Zimbabwe Ben try's printing our troubles away, the money supply increases and each portrait is worth proportionately less.
Commodities cost more dollars, because each dollar is worth less, oil included++less oil.
Gold is merely a substitute currency that not even Kings could change the supply/value of with an Army of alchemists!. And that is why 1. It's value goes-(and will continue)-up. and 2.People demand it to safeguard, what wealth they still possess.
That collection of Charts is worthy of hanging in the Louvre, but all they do is take the temperature of the dollar with an Oil thermometer and tell us how many Oz's of Gold Rx to give the patient!.
Sustainable Energy Indices Mixed as Commodities Retreat (Week Ending 7/18)
The fundamentals of Political leverage joined with constituent contributions has yielded plunder for all, too often in the past, and tempts both parties to engage in the proven pay trough, rather than consult 3rd parties expert in the industry.
Before the first ear of corn was snatched from under the snout of the first "Bacon on the Hoof". Before exclusionary tariffs were enacted to keep competing sugar ethanol out of the ring. Someone should have asked Captain Morgan -(with some experience in the field)-how to make cheap hooch. He would have told us that ever since the first barrel of Rum sailed east out of the Caribbean, it's been, "Sugar Baby sugar!". Corn belongs in a bottle wearing a "wooden" barrel label on the second shelf behind the Bar.
But if you can't substitute "Parasitic Politics" for tried and true Science, then that Pig ain't flying in 21st Century America!, especially with an empty trough!.
Have We Created a Culture of Debt?
I can only add: That when a professional, trained "Cadre" of professional "Lenders" is up against a wedded pair of High School Sweethearts with 3 children and 3 jobs, the outcome is 'NOT' going to be a photo finish.
Has the reader ever gone two rounds with a time share "Huckster" and --not "touched" the pen??
The loan business hasn't exhibited this level of ethics since Benny "The Nose" left the Bonnano family for some post sentencing, degree studies at Danbury.
It seems business is not business unless the last nickel can be extracted by whatever means works on the poor Schulb that is stupid enough to work for a living.
The Usury laws are a distant memory. Even the Politicians -(with the fattest envelopes to ever fit under a table)-were pulled up just short of repealing the Bankruptcy laws and re-instituting Debtors Prison. The Chairman of the Senate Banking Committee doesn't know the "prevailing mortgage interest rate"---Can you imagine!!??.
"Next payday" storefront loan offices grow like weeds outside every Military base, to suck blood out of underpaid servicemen, with easy week to week, high interest loans. Even our retired seniors are being ceaselessly extolled to sell the family home, take a reverse mortgage and live high off their children's inheritance,-you know, the ones who can't afford rent and student loan payback at the same time.
In a recent interview "The nose" when asked about his view of the Country's present debt Cancer; Stated: "Geeezze, I'd-a-done dat I'd-a-got Life"
If Christ can ever get through security, and make a second coming, he'd better bring the jawbone of an ass and revisit the "benches" in the Temples. Theeey'rreee Bacck!.
The Fat Lady's Not Singing Yet for the Economy
It seems business is not business unless the last nickel can be extracted by whatever means works on the poor Schulb that is stupid enough to work for a living.
The Usury laws are a distant memory. Even the Politicians -(with the fattest envelopes to ever fit under a table)-were pulled up just short of repealing the Bankruptcy laws and re-instituting Debtors Prison. The Chairman of the Senate Banking Committee doesn't know the "prevailing mortgage interest rate"---Can you imagine!!??.
"Next payday" storefront loan offices grow like weeds outside every Military base, to suck blood out of underpaid servicemen, with easy week to week, high interest loans. Even our retired seniors are being ceaselessly extolled to sell the family home, take a reverse mortgage and live high off their children's inheritance,-you know, the ones who can't afford rent and student loan payback at the same time.
In a recent interview "The nose" when asked about his view of the Country's present debt Cancer; Stated: "Geeezze, I'd-a-done dat I'd-a-got Life"
If Christ can ever get through security, and make a second coming, he'd better bring the jawbone of an ass and revisit the "benches" in the Temples. Theeey'rreee Bacck!.
When Trading Stops Being Fun: Riots at the Pakistani Exchange
Should have sold nuclear technology to Iran!! oopps-scuse' me they did!
And this bunch of Muslims is gonna help us toss that other bunch of Muslims--(al queda)--out of their country--sure they are.
I like the way they're taught to renounce violence. Can't they just stone a few stock Brokers in the public square, like us civilized Westerners?? They can't throw them under the bus, the passengers would fall off the roof.
Pakistani Investors Attack Stock Exchange
And this bunch of Muslims is gonna help us toss that other bunch of Muslims--(al queda)--out of their country--sure they are.
I like the way they're taught to renounce violence. Can't they just stone a few stock Brokers in the public square, like us civilized Westerners?? They can't throw them under the bus, the passengers would fall off the roof.
For Everything, Wind - Stop Trading! (7/17/08)
The deep thinkers are comfortably seated, speak very quietly, and usually sell their conclusions.
The County Fair, Midway hucksters have Concluded they have something to sell--Like a crazy glue, three headed baby. They're backed up by the Stockyards too.
I've stopped listening to this guy, the louder he is, the more often wrong.