Dale Pinkert from TradeGate Hub interviewed me about Energy, Precious Metals, Miners, and other overall economy. Dale was interested in sharing with his followers why I thought oil was more of a factor for the economy than the Fed and U.S. Treasury printing money.
Dale provides technical analysis on many markets and commodities, so it was a pleasure to chat with him about how Energy is the foundation of the economy. Most traders don’t seem to understand this, so we give Dale Pinkert BIG KUDOS for providing an opportunity to share this information.
You can follow Dale Pinkert on Twitter: https://twitter.com/ForexStopHunter
At at Youtube: https://www.youtube.com/@TradeGateHub
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You tell’em Steve. Moody’s comes out and does everything but downgrade US debt due to the ridiculous level of debt we are burning through……..and more to come to keep from shutting the government down……and stocks go up 500 points and interest rates come down.
The financial behemoth of insanity just told Moody’s to kiss off because we don’t care about your rating. And here we see another pillar of structure and normalcy kicked to the curb so that the money printing can continue without a hitch and the music can keep playing.
The only thing that will bring any reality to the financial fantasy being foisted on the world, will be not enough energy to keep the lights spinning and the music booming in current debtor’s party.
That joke of a CPI number this morning says it all. They are going to massage the numbers, gaslight the public, and continue to spin ridiculous explanations that have no logical basis. And the sheeple are so dumb! Everyone is cheering that there will “supposedly” be no more interest rate hikes, and the next move will be the Fed lowering rates. If the sheeple would just look in the rear view mirror, every time……EVERY TIME…..the Fed begins lowering rates, the markets crash and we go into a recession…….and they are celebrating that?
Do not expect the inmates that are now running the asylum to do the right or responsible thing. They are going to ride this flaming train wreck until it hits the energy cliff.
“…Moody’s comes out and does everything but downgrade US debt due to the ridiculous level of debt we are burning through….”
Apparently Moody’s did downgrade the debt. Who cares of Yellen disagrees with that decision or not.
“U.S. Treasury Secretary Janet Yellen on Monday pushed back on Moody’s decision last week to cut its outlook on U.S. debt, saying the U.S. economy is strong and the Treasury market is both safe and liquid.”
https://finance.yahoo.com/news/yellen-says-she-disagrees-moodys-031413734.html
It has to be futures manipulation keeping prices of oil and gas down. Supply/demand fundamentals…..AND……currency weakness, dictates higher prices in a normal world. The only thing that would make prices go down is futures manipulation.
They are printing trillions……TRILLIONS! Since they cannot print oil, they have to manipulate the prices lower. If energy prices were allowed to float in a free market, the financial markets would go into freefall as the inflation caused by actual, real energy prices would explode and collapse their debt bubble.
We cannot be naïve to imagine they have a problem burning billions of dollars in futures markets to manipulate the prices where they need them……especially if their survival depends on it.
They can hide the consequences as long as people can go to the pump and buy their gas in a reasonable range. When the pumps start running dry and the prices double from here, no amount of money printing is going to fix the reality that is going to fall like a 900 pound anvil.
What’s actionable? Get some land, learn to grow your own food, and move away from the giant sheeple populations. Here’s a shocking, novel thought…….learn to live on less. Because like it or not, if you are alive in the next 5 years, you will be living on less.
Hi Steve,
Did I hear you correctly?
Yes to tar sands No to fracking
I’ve been buying EOG net zero debt and good cash flow. I’ve looked at tar sand companies and I’m not seeing it.
Am I missing something??
Steve,
This guy was probably the worst interviewer you’ve ever encountered. He was there to talk, not to listen.
The increase in the US oil production since 2005 might be a result of poor auditing of what’s actually imported into the US vs what’s really produced nationally.
From 2003, war/sanctions-torn Iraq, Syria, Yemen, Libya, Sudan, Iran have become more and more failed states and nobody knows what oil shipments from those nations have ended up – entirely looted – unaudited – since.
Adding to that Ukraine and Russia – where living standards are in a massive daily decline – an indication on how little the local oil consumption is – rivers and atmospheres of oil and n. gas are made flowing into the international black market like no tomorrow – smuggled, unaudited – too.
Therefore, one can safely expect that the world energy market today has primarily become based on looted, unaudited oil supplies.
If the War in Gaza today causes Saudi Arabia to become another shattered Iraq very soon – BINGO – the world energy market would then be truly and completely virtual – where no one would be able to tell who-produced-what and who-consumed-what?
Virtual is good – as oil must always be priced and sold at the bottom of the food-chain – due to being priceless – and this is called free-market Capitalism.
When energy looted – it turns – curse.
A curse that destroys in humans consciousness, reasoning and the future.
Karl Marx, Nikola Tesla, Einstein, Huxley, Orwell, Turing and 20th Century Physicists/Economists – should be forgiven for thinking their systems can last forever.
Finite fossil fuels are dangerously hypnotic to humans, their consciousness, reasoning and mental capacity.
The Magna Carta requires today overhauling – adding to it the right for humans to understand what Energy really is – before any other commandment;
“In any system of energy, Control is what consumes energy the most.
No energy store holds enough energy to extract an amount of energy equal to the total energy it stores.
No system of energy can deliver sum useful energy in excess of the total energy put into constructing it.
This universal truth applies to all systems.
Energy, like time, flows from past to future” (2017).