The Sojourner
Economy Exposed.com
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Well, there you have it, today’s crude oil prices finally hit below 50 dollars a barrel, and it’s not going up anytime soon. Back in July I heard from very good sources that it was coming down to this price. It was at 140 at the time and everyone thought I was out of my mind, we’ll I guess you were wrong because it was at 48 just yesterday, I am still in my mind. Take a look here… This price will hold for a while and this is why…
The reason is to bankrupt the middle east, it’s an economic war. The Arab world will be going into bankruptcy next, you just watch! However, this is not good, we’ll be paying for this event with very difficult times, this will effect many countries, so we must prepare…
1929 was the year of the Great Depression and the stock market crashed in the USA, and in 1932 there were soup kitchen lineups all over the country. The economic state right now is between 1929 and 1932, whether you believe it or not.
Here is a perfect example of what is to come, Iceland had the fifth-highest per capita income in the world just last year. Iceland about 2-3 months ago declared bankruptcy, the people are in shock, you know what’s happening to them today? Read this… This is a perfect example of what will happen to the US of A. Overnight in Iceland the standard of living dropped, people have lost their savings, prices are soaring, once crowded restaurants are almost empty, companies can’t do business abroad, their currency once 65 to the dollar now 130 to the dollar, and mass layoffs.
Read it here…
This is exactly what’s going to happen to the US of A, and we have six months to nine months, maybe a year, to prepare for this. This will effect all the countries that do business with the US. You heard it here first and if you didn’t, well good for you.
Now, the price of oil will stay at this nice low price and you should enjoy it while you can but remember this, the value of the currency will decline and when it does, you won’t be able to pay for this current low price, especially in the US of A but remember this, economics of the world are inter tangled, mainly because of import and export, so no one can predict the level of effect that will be placed upon the different areas and economies of the world.
NB Gold will double soon, I am personally predicting by February, buy some! As much as you can. Then save your money for the possible tough times ahead, better safe than sorry. Oh, and one more thing, if you do have money, take it out of the bank, if they have a “bank holiday”, such a soft term, isn’t it? Which means that they close, you won’t be able to get it out, and we don’t know which banks will celebrate this. Make sure you have the basics in supply: water, food, shelter, and a back up plan.