How long will it be before the Federal government will start to cut back on transfer payments to the Provinces?
Cheers

It’s been forever since I was able to fill up my truck for a brown bill

“Right now, the winners are the consumers, while governments, companies and exporters of oil are the losers.”

What seems to be getting lost is that if governments are losing, citizens are losing as well.

The demand in spring will be reduced further and the crude prices will go further “down” if the over supply is not reduced by OPEC or other producers. In that scenario, the oil prices could go even lower than the next support level of 45$ and it will test the 30$ range levels. If they fall below 45$, then it will be difficult for the prices to go back above 45$ level that easily, taking into account the advances in oil technology. This is hitting the Alberta economy very badly, although the federal government can ease the pain by allowing the CDN $ to go lower than .80 U$.

The petrol at the pumps in PG are reaching my earlier forecast of .85 $ (for crude oil of 47$) and you can use the formula of 0.8 cent decline in petrol for one Dollar decline in crude oil prices in the coming months.

Russia is not a member of OPEC! They must be feeling the pinch. And their Ruble has lost value. And they are dumping U.S. Treasuries. And they are buying Gold.

China is dumping U.S. Treasuries and buying Gold.

Wonder why Belgium is aggressively buying up U.S. Treasuries? One might question whether they are just a front for the U.S. Federal Reserve?

I think the U.S. dollar is in serious trouble. So is the Federal Reserve.

If they can’t raise money, do you think they will raise interest rates? I do.

I say it is to bad we never grew corn as a source for bio-fuel. I see a lot of hungry people this summer, at least than we could have consuming our bad ideas.

Gas in Calgary was 81.9 at the gas stations 2 days ago.

JB:-“What seems to be getting lost is that if governments are losing, citizens are losing as well.”
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Governments, at least the Federal one, has the power to literally ‘make’ money. Citizens don’t. We can only ‘get’ money. If the government used this power properly they could induce prosperity without inflation. If oil goes low enough, Harper just might take a look at how to do that. Trudeau and Mulcair never will.

At the risk of getting called a racist by Ben (if it isn’t his view then dismiss it as racist) and having my comments removed again I will report the facts as they are.

These university professors and so called economists either don’t know the half of it, or they intentionally play the propaganda game so as to continue the perks of being a globalist finger puppet. It takes a little bit of courage to tell it how it is.

We are in deep deep trouble in the west and it is entirely of our own making electing globalist governments like the Harper regime that are agents of globalist bankers bent on world domination rather than the interests of their own countries and the people that elect them. Fools all of us for allowing our media to sell us lies day in and day out as fed to them by the likes of Harper and the Obama regimes. And yes I mean regimes, because that is exactly the way they act. For an exercise in thinking watch Obama for the next two weeks… executive order after executive order and no where in their will be room for the democratic process.

Putin has the western world in check mate with very serious consequences for our economy and yet because of our globalist propaganda we still think we are the righteous ones in the drivers seats controlling events. We haven’t even begun to prepare for economic events like we have never seen in our life times. Its not a game this is your future and people should be well aware when it comes time to vote in 2015… by which time it will be too late to stop events in play, but at least we can hopefully get a minority government that is responsible and accountable to Canadians.

Russia last quarter saw their central bank buying up 55-tons of physical gold from western vaults out of a total global purchase by all central banks in the world totaling 95-tons. Despite what the paper money globalists say he who has the gold still makes the rules.

The likes of Harper started the war in Ukraine through the coup that removed its elected government not because they wanted democracy for Ukraine or a better life for its people. They started this war because the globalist bankers wanted Ukrainian resources and a way to blackmail Russia with a nuclear first strike if Russia threatened the American petro dollar.

Europe can not survive economically without Russian oil and gas supplies. It would collapse without it, and likely will collapse by the end of 2015 as an economic entity under the EU. The geopolitical policies of the west whether it be the Ukraine, ISIS, Israel, or our relations with Russia is all of our own making and carries tremendous risk of catastrophe to our civilization as we now know it.

Putin realizes we are on the brink of all out war and has done all he can to prevent this without surrendering Russian sovereignty. Putin is know for his Judo and his chess moves and has combined both brilliantly in blunting western aggression on Russian national sovereignty.

How low can oil go? The west thought they could take down Russia by pumping out the oil and bring down the oil prices. The west also thought they could continue to print money through quantitative easing to drive the economy from the top down with a subsidized stock market flush with paper money printed by the central banks and low interests rates, meanwhile holding the dollar from hyperinflation by using these same paper dollars to manipulate the gold market down.

Russia under Putin recognized our strengths and used it in his favor. He continues to sell oil and gas to Europe at these prices because Russia uses the artificially low oil and gas prices to buy artificially low gold. As long as the gold market is manipulated by our central banks to save the petro dollar from hyperinflation Russia accumulates all the gold so that Europe doesn’t freeze in the dark. Its brilliant on Russia’s part. And thats not the half of it.

China to is Russia’s ally in dethroning the American petro dollar and all its insider manipulation of the markets. China recently announced that it will cease to increase its gold and currency reserves denominated in US dollars (eg paper money and US treasuries). Translated that means China will stop selling their goods for US dollars. China will take US dollars on trade and immediately get rid of them and replace them with physical gold or other currency reserves based on gold.

Translated that means both China and Russia have agreed to use gold as a means of mutual payments that is free from political manipulations by globalist bankers. Russia will buy Chinese goods paid for with gold, and the Chinese will buy Russian goods, natural resources, and energy from Russia paid for with gold. Gold prices will eventually be set by market forces and not paper fiat currency manipulations.

In 1971 US President Richard Nixon closed the ‘gold window’ and in 2014 Russia reopened the ‘gold window’ for international trade without Washington’s permission. Putin’s speech last week said the new international trading system with gold as its basis will be in place within 6-months throughout the BRICS countries, and they are accumulating accordingly… while the west still tries to hold the price of gold down with dwindling reserves and a centrally managed soviet style economy.

Meanwhile in Canada Harper is intent that we subsidize the Canadian oil and gas industry with a low Canadian dollar policy that only accelerates our impending economic decline when we should be looking at fast tracking the gold mining industry if anything.

The most bizzare thing about this is our policy in the Ukraine. The stick in the eye of Russia, all so that our western bankers can steal land and resources from the Ukraine through a method that can only be described as the Holodomor of 2014.

Amnesty International says over half the population in Eastern Ukraine is now entirely dependent on food aid. When Mikhal Koval became Minister of Defense after the coup he declared his intentions to cleanse the Russian speaking areas of Ukraine that voted for Ynukovych of the ‘subhumans who will be resettled in other areas’ (ie Russia). He then went on to declare “land parcels will be given out for free to the servicemen of the Ukraine Forces and other military formations (Right Sector fascists), as well as employees of the Interior Ministry and the Security Services of the Ukraine that are defending territorial integrity and sovereignty of the Eastern and South Eastern Ukraine.” Ukraine is bankrupt so stealing other peoples land was the only motivation they had to pay for those that would carry out the ethnic cleansing required. Ukraine closed all banks in the autonomous regions, cut all pensions, and in early summer started bombing apartment blocks and homes creating a flood of refugees. The Ukrainian army mines the grain fields and had a policy of scorched earth for the grain and corn field under their control in the effort to create famine conditions for the people that wanted to stay and protect their property. Those that didn’t flee to Russia from the effected regions were set up in summer refugee camps that are still trapped in these camps with no utilities, heat, or humanitarian aid (in the hope they will perish from exposure).

Has Harper said anything about the atrocities in Eastern Ukraine that are driven by his policy of supporting the Ukrainian coup? Could he have not provided some moderation to the carnage as an honest broker of sorts, or is partisan support for those that are no better than the nazi’s and the great terror of the Cheka under Stalin so firm that any means to an end is acceptable so long as western bankers control all of the Ukraine?

For Russia the west has shown its cards in the Ukraine and it tells Russia that this war is all or nothing for them. For now it remains an economic war, but should Obama follow through with arming the Ukrainian army with even more heavy weapons of war, I would not be surprise if 2015 involves Russian forces openly entering Eastern Ukraine and confronting NATO forces head on.

For now though lets enjoy the low oil prices as a respite from the banking and oil cartels gouging of our economy for their own reckless adventures and benefit.

Time Will Tell

If you want a shorter version of Eagleone’s scenarios(without the conspiracy theories), go to the site noted below:

http://www.newser.com/story/200870/why-oil-prices-keep-hitting-new-lows.html

All I can say it is about time that the blantantly racist comments are tossed in the virtual wastebasket where they belong. If the achives to the old site are still available could provide countless examples.

When I am looking for an educated and reasonable take on current events the last thing I need is mindless drivel from all the conspiracy sites on the web, compliled condensed and parroted here.

Only a matter of time until “The Powers That Be” makes an appearance.

No offence but if you can’t make your point in one paragraph it’s not worth reading!

Smiddy

The posts that never seem to end fall under the theory that if it is spread out over a large area you can call it compost or fertilizer when it is really still a steaming pile of bull droppings:-/

OPEC and the USA are putting the squeeze on Russia..

Take your blinders of people. The west is the bag guy in this case. What happened in Ukraine is solely the wests fault.

50 Million People in the U.S. are on food stamps.

The Petrodollar System is being decimated. It has had it’s base on Saudi Arabia, Russia and China. It appears that China is the next to fall.

China has bought 3,000 tons of Gold over the past 4 years. This will hedge them because of a collapse of the U.S. $.

Europe has 10,784 tons of Gold
U.S. has 8,134 tons of Gold

Why not stock up on gold with cheap paper currency. Eventually, gold will be the basis of value again. Gold is also cheap.

Who is responsible for keeping the price of gold down in spite of all this buying?

Oil will not stay down, don’t get used to the present price. Don’t panic.

The US is still the largest holder of gold by far.

Everything including fuel can be made out of Cannabis. No loss to the Planet if the entire oil sands project is shut down. Big shame on Alberta! Killing the Earth out of greed!

How is Alberta killing the planet?

BYOB:-“Why not stock up on gold with cheap paper currency. Eventually, gold will be the basis of value again. Gold is also cheap.

Who is responsible for keeping the price of gold down in spite of all this buying?”
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Don’t you see the contradiction in the two above statements? How in the world can gold be “the basis of value again” if ‘someone’ is “responsible for keeping the price of gold down”?

It is not now, nor has it ever been, gold itself that gave anything a basis of value. It, nor any other commodity, can do that. It is BELIEF, ‘credit’, from the Latin word ‘credere’ ~ to believe~ that anything has value that gives it value. And belief is entirely subjective. What is ‘valuable’ in the eyes of one person may be virtually ‘valueless’ in the eyes of another. “A bag of gold in the desert is not wealth.”

seamut: By not shutting down the oil sands project. The science as to what it’s doing to harm the Planet is out there. Not me to explain it to you. You do after all have a computer and google at your finger tips!