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The Clubhouse Bar
Pending Oil Crisis
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<blockquote data-quote="shtove" data-source="post: 195777"><p>Crisis pending? It's already here!</p><p></p><p>And the people to blame? The US and the Chinese. Full stop.</p><p></p><p>The US is debasing its currency to avoid paying its creditors, so the creditors try to make them pay by hiking the price of their only product - oil. The US is therefore fcuked, but the rest of the world also pays part of that hike.</p><p></p><p>China is growing at an insane rate through central command, building useless factories that produce useless products and burning oil in a useless effort to prove that all those people they have are economically useful. And this is based on the idea that over-borrowed Americans and Europeans will keep buying those products.</p><p></p><p>As a result workers all over the world get below inflation pay rises - and they're still expected to pay their huge mortgages even as the collateral decreases in value and the price of everything else goes up. </p><p></p><p>Inflation is a form of taxation, which is a form of theft - the greatest heist in history.</p><p></p><p>Brilliant! Well done to the masters of the universe.</p></blockquote><p></p>
[QUOTE="shtove, post: 195777"] Crisis pending? It's already here! And the people to blame? The US and the Chinese. Full stop. The US is debasing its currency to avoid paying its creditors, so the creditors try to make them pay by hiking the price of their only product - oil. The US is therefore fcuked, but the rest of the world also pays part of that hike. China is growing at an insane rate through central command, building useless factories that produce useless products and burning oil in a useless effort to prove that all those people they have are economically useful. And this is based on the idea that over-borrowed Americans and Europeans will keep buying those products. As a result workers all over the world get below inflation pay rises - and they're still expected to pay their huge mortgages even as the collateral decreases in value and the price of everything else goes up. Inflation is a form of taxation, which is a form of theft - the greatest heist in history. Brilliant! Well done to the masters of the universe. [/QUOTE]
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