04-22-2020, 04:59 PM
In British crown colony Australia, the people are already being prepared for the future of our Brave New World (there won’t be an end to the coronavirus martial law - EVER).
https://youtu.be/MoM283IDVCU
Some have noted that it's strange that because of the reaction to the coronavirus “epidemic” hospitals are half empty, with some wards closed and medical personnel have nothing to do: https://www.mumsnet.com/Talk/coronavirus...pg=1&order=
I already expected that the price of oil would continue to drop, with demand very low and oil producers continuing to pump – but not this drastically!
On Monday 20 April, the price for futures West Texas crude fell to minus $37.63 a barrel (negative).
In New York, West Texas Intermediate for May dropped to negative $40.32 a barrel. That’s far below the lowest level ever seen (since 1946).
Because the oil companies have no room left to store the oil, they were actually paying buyers to take the oil...
The price on the futures contract due in another month settled at $20.43 per barrel; the gap between the 2 contracts is by far the biggest ever: http://archive.is/z5ANM
With oil keeping the petroldollar afloat, we can expect the dollar to crash. When that happens, hyperinflation in the USA seems inevitable (especially with low or even negative interest rates).
If this happens, I don’t think Donald Trump will be re-elected president.
Yesterday, President Donald proposed a relief fund to bailout the oil and gas industry.
Trump tweeted:
https://youtu.be/MoM283IDVCU
Some have noted that it's strange that because of the reaction to the coronavirus “epidemic” hospitals are half empty, with some wards closed and medical personnel have nothing to do: https://www.mumsnet.com/Talk/coronavirus...pg=1&order=
I already expected that the price of oil would continue to drop, with demand very low and oil producers continuing to pump – but not this drastically!
On Monday 20 April, the price for futures West Texas crude fell to minus $37.63 a barrel (negative).
In New York, West Texas Intermediate for May dropped to negative $40.32 a barrel. That’s far below the lowest level ever seen (since 1946).
Because the oil companies have no room left to store the oil, they were actually paying buyers to take the oil...
The price on the futures contract due in another month settled at $20.43 per barrel; the gap between the 2 contracts is by far the biggest ever: http://archive.is/z5ANM
With oil keeping the petroldollar afloat, we can expect the dollar to crash. When that happens, hyperinflation in the USA seems inevitable (especially with low or even negative interest rates).
If this happens, I don’t think Donald Trump will be re-elected president.
Yesterday, President Donald proposed a relief fund to bailout the oil and gas industry.
Trump tweeted:
Quote:We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!https://nypost.com/2020/04/21/trump-prop...s-plummet/
The Order of the Garter rules the world: https://www.lawfulpath.com/forum/viewtop...5549#p5549