Russia Blamed, US Taxpayers on the Hook, as Fracking Boom Collapses: Most bank customers and v**ers don't know that Congress has already written into finance regulations that, in the...

Yankee Clipper

Most bank customers and v**ers don't know that Congress has already written into finance regulations that, in the case of insolvency, financial institutions could grab the assets of depositors and "bail-in" - which means they can save themselves from their losses in gambling operations at their investment divisions by grabbing cash assets of depositors, even those that are FDIC guaranteed, and legally convert them to bank stocks. That means that in the event of another market crash, Chase and Citi could take their depositors' cash in savings accounts or CDs, and give the customers back a bank stock certificate (of questionable value) instead.

There are also those who scratch their heads and ask, "Why did the TBTF banks push for a deletion of the Dodd-Frank provision now, instead of waiting for the friendlier Republican-controlled Congress to pass this legislation?" The only answer that seems to make sense, and explain their urgency, is that the collapse is imminent.

Read more: http://www.t***h-out.org/news/item/28406-russia-blamed-us-taxpayers-on-the-hook-as-fracking-boom-collapses

boatbob2

Pull your cash (if you have any) out of the banks,buy either silver or gold, the cash is useless any way....because,when/if the people that obozo borrows money from.tells obozo to go piss up a rope,no more money....WE (America) thanks to obozo,and our crooked (most,not all) politicians,will have the money ,that's in the banks,taken by either the banks or obozo....

nwtk2007 Loc: Texas

Yankee Clipper wrote:

Most bank customers and v**ers don't know that Con... (show quote)

Even that limbaugh i***t got this one right. The drop in oil prices is due to the Saudis pumping for all they are worth. Huge supply, less demand, decreased prices. Its capitalism at its finest. So why are all the conservatives whining about it?

Yankee Clipper

nwtk2007 wrote:

Even that limbaugh i***t got this one right. The drop in oil prices is due to the Saudis pumping for all they are worth. Huge supply, less demand, decreased prices. Its capitalism at its finest. So why are all the conservatives whining about it?

That's like saying the product we are selling is losing 10% per sale, but we'll just sell more and make it up on volume...

Did you not read the story? There was a lot of whining because it is possible the low cost of energy could bring on a global depression. You Marxist/democrats think the government will take care of you even through a depression, guess again,it would play right into the hands of Marxism, they k**l or let die the "useful i***t", k**l the intelligentsia and professionals, and make miserable s***es out of what's left. That's how it works in a Marxist society (c*******t) .

nwtk2007 Loc: Texas

Yankee Clipper wrote:

b That's like saying the product we are selling ... (show quote)

You really must be kidding. Its a price war. The saudi's know how low to go to shut down the frackers and help them become, once again, the largest producer of oil. Read about it.

From the economist: ""The oil price is partly determined by actual supply and demand, and partly by expectation. Demand for energy is closely related to economic activity. It also spikes in the winter in the northern hemisphere, and during summers in countries which use air conditioning. Supply can be affected by weather (which prevents tankers loading) and by geopolitical upsets. If producers think the price is staying high, they invest, which after a lag boosts supply. Similarly, low prices lead to an investment drought. OPECs decisions shape expectations: if it curbs supply sharply, it can send prices spiking. Saudi Arabia produces nearly 10m barrels a daya third of the OPEC total."" http://www.economist.com/blogs/economist-explains/2014/12/economist-explains-4

Constitutional libertarian Loc: St Croix National Scenic River Way

nwtk2007 wrote:

You really must be kidding. Its a price war. The... (show quote)

I work for an oil company, this is nothing more than the Saudi's doing wh**ever they can to keep market share. It will undoubtedly have some negative repercussions on areas and countries dependent on oil sales and production. I have many customers who have brought all of their equip back to MN from Williston ND. Here's the deal there is approx a four county area in ND that they call the sweet spot, where it costs around $35 a barrel to extract from the ground. Outside of that area it may cost upwards of $50 a barrel to extract. In the short term my company and I loose profit, very easy math 20% profit on $10 a gallon is more than 20% on $8 a gallon. But overall prices for almost everything will come down, increasing everyone's buying power.

I feel sorry for the Russians but they will learn to diversify and not depend so heavily on oil.

Yankee Clipper

nwtk2007 wrote:

You really must be kidding. Its a price war. The... (show quote)

nwtk2007 Loc: Texas

Their goal is to out last us, put the frackers out of business, and take over the market again. But the want the frackers out of business.

Yankee Clipper

nwtk2007 wrote:

Their goal is to out last us, put the frackers out of business, and take over the market again. But the want the frackers out of business.

We should only be using and producing our own oil priced at fair market value so our oil companies can survive. Now before it's mentioned not all of our domestic oil companies are domestically owned, so we do as everyone else has done, we nationalize their American subsidiaries. We further should not export any oil to any other country outside of a maybe very loyal ally. And all other energy products and production in our country should be handled the same way. We need to free ourselves of dependency on the rest of the world. Shut down trade with China and the like and fire up our industries again to provide jobs. The Marxists and crony capitalists among us may not like that, but I say tough s**t.

nwtk2007 Loc: Texas

Yankee Clipper wrote:

b We should only be using and producing our own o... (show quote)

And apply the same logic to big companies like Walmart and MacDonalds!! LOL!

Yankee Clipper

nwtk2007 wrote:

And apply the same logic to big companies like Walmart and MacDonalds!! LOL!

You seem to be trying to change the subject, the topic was energy and the energy industry, not Walmart or McDonald's.

nwtk2007 Loc: Texas

Yankee Clipper wrote:

You seem to be trying to change the subject, the topic was energy and the energy industry, not Walmart or McDonald's.

You don't see the connection between what you are proposing for the oil industry and what no one will propose about big companies like Walmart?

Yankee Clipper

nwtk2007 wrote:

You don't see the connection between what you are proposing for the oil industry and what no one will propose about big companies like Walmart?

I didn't say I didn't see a connection and I am not sure there is a direct one on this topic. Mainly because Walmart is not an energy company it manly imports cheap made and priced Chinese goods. A good topic for another time.

nwtk2007 Loc: Texas

Yankee Clipper wrote:

I didn't say I didn't see a connection and I am not sure there is a direct one on this topic. Mainly because Walmart is not an energy company it manly imports cheap made and priced Chinese goods. A good topic for another time.

Ok, Ok. Stop yelling. Good topic for later.

Yankee Clipper

nwtk2007 wrote:

Ok, Ok. Stop yelling. Good topic for later.

I wasn't yelling or arguing. I think it is a good topic for later, and I would like to see you post it no matter how we would argue it out.