Loading ...George Ure at UrbanSurvival.com has an interesting and plausible take on deflation and what is happening in the oil market.
Basically, The Saudi’s (with western encouragement) are taking down the price of crude to ‘punish Russia’. But the smart Saudis have also begun to figure that by taking oil even lower, they can also shut down US production and do some real deflationary damage to the US. Then…. when the time for the bottom is right, let oil explode in price for runaway inflation, just as they join the ‘global caliphate’ of ISIS.
Read it for yourself here:
http://urbansurvival.com/monday-in-the-land-of-lay-downs/
Oh, yeah, Gold could also go much lower with oil under this scenario, but will make out well when the inflation finally hits….. when the US is in economic ruins.