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$10 Oil? Mike Maloney Schools Bankers on Deflation, Gold and Silver


johntrenchard

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Nov 7, 2009
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Interesting speech/presentation given in Russia

Part 1

[ame=http://www.youtube.com/watch?v=uzef43gdupk]YouTube - $10 Oil? Mike Maloney Schools Bankers on Deflation, Gold and Silver (Part 1 of 2)[/ame]


Part 2

[ame=http://www.youtube.com/watch?v=0Wrrzsrb-wg]YouTube - (PART 2!) $10 Oil? Mike Maloney Schools Bankers on Deflation, Gold and Silver[/ame]
 

seanmacc

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Found an article on Forbes about it. It is a fairly plausable argument he makes. The Arabs did get their fingers burnt during the oil crisis of the 70s big time. Even in Ireland we looked to Kinsale to fufil a lot of our energy needs and even a lot of people looked to LPG powered cars.
$10 Oil? - Forbes.com

I think its a somehow unlikely scenario though. I don't think there is that much dinosaur juice left in the ground thats economically viable to pump
 

Squire Allworthy

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I very much doubt if oil will fall to 10 dollars a barrel. I think 80 dollars plus more realistic and it is prices at that sort of level that make alternatives doable.

We need to get used to the concept of more expensive energy and the ramifications.
 

Cassandra Syndrome

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Hyperinflation is the inevitable consequence of all these loonie tune central bank schemes to control the money supply of a country.
 

johntrenchard

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Hyperinflation is the inevitable consequence of all these loonie tune central bank schemes to control the money supply of a country.
yeah, the presentation is more about money supply and fiat currency rather than an emphasis on the price of oil. very interesting stuff he's saying.

worth a watch if you haven't already.
 

seanmacc

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I very much doubt if oil will fall to 10 dollars a barrel. I think 80 dollars plus more realistic and it is prices at that sort of level that make alternatives doable.

We need to get used to the concept of more expensive energy and the ramifications.
Its plausable to have an oil bubble similar to a property bubble. In terms of currency value probably oil should be gagued against gold as Hyperinflation is a likely scenario uin the coming few years. Then again as times are changing Lithium could be the new gold and copper the new silver.
 

Squire Allworthy

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Its plausable to have an oil bubble similar to a property bubble. In terms of currency value probably oil should be gagued against gold as Hyperinflation is a likely scenario uin the coming few years. Then again as times are changing Lithium could be the new gold and copper the new silver.

There may be a bit of over pricing as money drifts around looking for a home, but I don't think there is any substantial overpricing in oil. Demand in emerging markets is growing.

Agree that inflation is likely, would go further and say it could well be desirable.
 

deiseguy

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May 11, 2009
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Hyperinflation is the inevitable consequence of all these loonie tune central bank schemes to control the money supply of a country.
Did you watch the clips? Is this guy right or is he nuts? He would seem to be your brother in pessimism.
 

kerdasi amaq

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Well, well if Maloney is right, could we be forced to nationalise Shell's project in Mayo?
 

Default Now

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As with all these guys in 2006 just before the crash and just like in the film The Big Short out in Ireland soon, they can be extremely wrong just before they are extremely right. Took time but $10 in sight.
 

commonman

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Our government wont care they will just put more tax on at the pumps.
 

mr_anderson

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Harry S Dent has been calling this for years.

He bases his predictions on demographics.
Successfully predicted the boom & bust in Japan, America and sees Germany as having the worst downturn of all.

Quite simply, the older you get, the less you buy, but also it changes what you buy.
Ages 47/48 are seen as the pivitol years by him (in America), where you have paid for your kids upbringing and education, you already have your house and car, but where your need and desire to consume more falls.

So the additional money you make just gets saved, not spent.

Most of all, he has been predicting the collapse of commodity prices (as a consequence of population demographic shifts).

[video=youtube;rzDFowzoN2A]https://www.youtube.com/watch?v=rzDFowzoN2A[/video]
 

Paddy Healy

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Nov 20, 2010
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Sell off everything ahead of stock market crash, Royal Bank of Scotland economists
paddyhealywordpress New Economic Crash At Hand
Royal Bank of Scotland warns of ‘cataclysmic’ year with slumps in shares and oil and advises clients to shift to bonds
Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, economists at the RBS have warned
 
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