In the early hours of Friday, January 23, Saudi Arabia's King Abdullah bin Abdulaziz died of complications from pneumonia. He was 90 years old, and was just shy of reaching the 10 anniversary of his accession to the Saudi throne in August of 2005.
From the perspective of global oil geopolitics, the death of the leader of one of the world's top oil exporters could hardly have come at a more sensitive time. Oil prices have plummeted by half in the past six months, with some predicting prices will plunge even lower and remain there for some time. Many have fingered the Saudis as the culprit for the fall in prices, but even the infamously spendthrift oiligarchs of the House of Saud are feeling the pinch as low oil prices start to eat into their reserves. Now a large question mark hangs over not just the future of Saudi Arabia, or even the global oil market, but the current monetary order itself.
Those adept at reading between the lines will have noticed few of the threads of this potentially world-changing narrative in the decidedly reserved establishment media coverage of the event. The casual reader will be told that King Abdullah was a “cautious reformer” of a nation that still has “issues” with its...
...As is now standard practice in the “new normal” of the post-Lehman world, all eyes are now on Washington where the Fed is currently engaged in the first FOMC meeting of the year.
Whether or not Draghi was really planning to announce his stimulus program this week, the surprise Swiss franc decoupling of last week left him no choice.
... however the SNB fallout lands and whoever it lands on, it's not doing anything to help the bleak outlook for a world on the edge of deflation.
What we know for sure at this point is that the fallout of this move is going to be massive, long-lasting, and global. Some traders are already predicting the collapse of financial institutions and smaller hedge funds.
There is a case to be made that the potential downside of this round of deflation is worse than catastrophic. There is an estimated $22 trillion worth of global commodities-based derivatives.
For all the hoopla, you might have thought this was going to be something historic. But in retrospect, all the swollen, self-important talk about the Eurasian Union seems horribly out of step with the reality of what has been birthed here.
...deflation remains the bugbear of the Japanese economy, even after the unprecedented easing in recent years by the Bank of Japan.
Why is it that in contemplating the future our thoughts usually turn to disaster and calamity? Why are we seemingly incapable of imagining things going well for a change?
Announcements, news and information.
Get Prepared Expo – Meet USAPrepares.com Instructors, Attend Seminars, and Banquet Dinners March 27, 28, 29, 2015 – Cowan Civic Center – Lebanon, MO
Freeze Dry Guy is pleased to offer this highest quality product at a fraction of the manufacturers, suggested retail price. The Mountain House Freeze Dried Eggs with butter flavor is a must have for your food storage.
If you love Pineapple as much as I do, you’re really going to love ours. We are very excited to offer you our finest quality Pack Away Foods 100% Freeze Dried Pineapple at an introductory price for the month of May.
The creator of the International Forecaster, Bob Chapman.