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Kicking out another podcast to talk about the recent gas price decline… but what does it really mean?
Skip to 5:10 – The importance of education
Skip to 13:25 – Gas goes down, will this lead to WWIII?
The economy is doing weird things. Gas is going down, prices are going up. The value of the dollar is going down and stock markets are going up. What does it mean though? It means that none of it makes sense… unless you know what to look for.
During today’s show, we are going to look at some of the hints being provided around the globe. The confidence in the “global recovery” is faltering (as we promised you it would) and nations around the world are responding as expected. The BRICS banks are speeding up their plans and the Russians are being pushed into a corner.
Remember the sanctions being placed on Russia over Ukraine? Well consider this, every $10 drop in the price of a barrel of oil means Russia losing up to $14.6 billion a year. So imagine if the Saudi’s were told to flood the world with cheap oil… and here we are.
Do you remember a story like this in history class? President Franklin Roosevelt seized all Japanese assets in the United States in retaliation for the Japanese occupation of French Indo-China. Britain and the Dutch East Indies followed suit. The result: Japan lost access to three-fourths of its overseas trade and 88 percent of its imported oil. It forced them into war. Now, while Russia as oil, their economy is in danger.
Two days ago, Bloomberg reported “Russian Recession Risk at Record as Oil Price Saps Economy”. Another little hint…
It seems the inevitable is now starting to show itself. Let’s talk about it.