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CR News Reports© - Global EconomyGlobal Economy – January 10, 2015

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Find out how these predictions will affect you

  • The global economy is in peril

  • Wall Street has leveraged at higher prices…
  • Countries are producing it much cheaper
  • The flash-point in all of this is the…
  • Russia is not being punished by economic sanctions
  • …is what will ruin the world’s economy

The global economy is in peril, mostly because of oil prices declining. As oil prices decline, consumers are overjoyed, however the false commodity bubble that Wall Street built around all types of commodities, especially oil, is beginning to crumble.

Yes, the U.S. has discovered fracking as a way to become a major energy exporter; however the cost per barrel is about $50 to produce and oil prices are at that point right now and will probably go at least another $10 lower. On the other hand, once prices decline more the futures contracts that Wall Street has leveraged at higher prices hoping prices would continue rising, as much as $80 or more, will become worthless and the bubble will pop.

Soon it will become price prohibitive to transport oil around the U.S. because it costs so much to produce and foreign countries are producing it much cheaper. Russia can produce a barrel of oil for about $15, Saudi Arabia for $10, so a price war could destroy the petro-dollar even though the U.S. dollar is strong while the Euro is weakening.

The flash-point in all of this is the Ukraine. Western countries want to control the Ukraine and have it join the EU. Russia wants to control the Ukraine because most of Europe’s oil flows through the Ukraine on its way to all major European countries. Therefore, control over the flow of oil and its price is at the crux of going to war over a territory like the Ukraine.

Russia is not being punished by economic sanctions. Russia has doubled the commitment of oil to China and is building the world’s largest pipeline from Russia to China. Meanwhile, in the U.S. politicians are arguing over a pipeline to take oil and gas from Canada to Mexico. This in-fighting will go on and severely impact the actions going on around the world regarding the price of oil.

Declining oil prices is what will ruin the world’s economy, as consumer goods prices keep declining, say food, soon using American gas to transport food will destroy food-chain profits. Expect to see spot shortages on store shelves at first, this is a sign of larger shortages to follow.

QUESTION: What should readers take away from this message today?

ANSWER: Stay alert and watch for shortages on store shelves.

QUESTION: Why is this information timely?

ANSWER: These shortages are a precursor to larger shortages coming – you must be observant!

QUESTION: How can readers best apply this information to their lives right now?

ANSWER: Once you see spot shortages you must immediately begin to stock up on essential goods.

COMMENTARY: The weak spot in the global economy will be oil. The U.S. is about to get a serious wake up call as their dominance over the world weakens. In our small town of Sedona we have seen spot shortages on the grocery store shelves for the past four months or so. Ray and I realized that something was going on, but again, no one is talking about it. People have been conditioned to overlook the things that are obvious and staring them right in the face. Don’t be one of those people. Stock up on essentials that have a reasonable shelf life and even barter value.

 

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