More News, Rumors and Opinions Thursday Evening 2-25-2021
TNT:
Annie68: There sure is a lot of flip-fLapping going on over there!!
Sooneriam: Hold On Tight. This RV ride is not over yet.
Carlosisan: How close?
Yada: so close your standing in it! It would be like showing up to watch a game. Your there but the game hasn't started yet.
PamD: I'm sure hoping all of this anticipation will be a distant memory once I've walked out of my exchange
Tishwash: Oil prices rise and Brent above $66
Oil prices rose Thursday to their highest levels in more than 13 months, supported by monetary easing policies and lower U.S. crude production.
Brent crude futures rose 10 cents, or 0.10 percent, to $66.28 a barrel by 0520 GMT, while West Texas Intermediate for April delivery was $63.28 a barrel, up 6 cents, 0.09 percent.
Both contracts hit their highest level since January 2020 earlier in the session, with Brent at $67.44 and WTI at $63.67.
The US Federal Reserve's assertion that interest rates will remain low for a while has boosted investor appetite for risk and global financial markets.
A rare winter storm in Texas caused U.S. crude production to drop by more than 10% or 1 million barrels per day last week, the Energy Information Administration said.
The Organization of Petroleum Exporting Countries (OPEC) and its allies, including Russia, the group known as OPEC+, are scheduled to meet on March 4.
OPEC sources said that the group will discuss a slight easing of oil supply restrictions from April due to the recovery in prices, although some are suggesting stability at the moment given the risk of new setbacks in the fight against the epidemic.
Additional voluntary cuts by Saudi Arabia in February and March led to a shortage of global supplies and price support. link
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Courtesy of Dinar Guru
Jeff the news that's coming out is finally getting better and it's really what we're looking for...In Iraq the citizens technically own the oil. They're entitled to a percentage of the profits and proceeds from oil...Iraq's already had their oil and gas law drafted clear since 2005...what it's waiting on is the rate change. They cannot implement the oil and gas law...until the rate changes...it will be just like the country of Kuwait or the state of Alaska...they will get oil wealth. Article: "Iraq is preparing to pass a law to regulate oil and gas wealth." This is huge...they're telling you they're bringing this forth now so it's going to be in the 21 budget.
Is China’s New Digital Currency Set To Destroy the U.S. Dollar? | Gordon Chang
Stansberry Research: Feb 25, 2021
China is on course to become the first country to roll out a digital version of its currency, our Daniela Cambone speaks with best-selling author Gordon Chang about the significance and importance of the move.
"This is not a cryptocurrency— this is a central bank currency, which means the People's Bank of China (PBOC) will know how people are using it. It is basically totalitarian control," Chang explains.
Airline Stocks in Mega Bubble,Gas Prices,Markets,Inflation,Taxes,Debt All Up -- The Fed is Trapped.
The Atlantis Report: Feb 25, 2021
Airline Stocks in Mega Bubble, Gas Prices ,Markets, Inflation,Taxes,Debt, All Up -- The Fed Cannot keep this Ponzi afloat Any Longer.
Markets will continue to skyrocket year after year after year as long as we continue to increase the national debt year after year after year (tripling it every ten years). What could go wrong????
Hyperinflation! We can´t have everything at the same time, stimulus, no inflation, and the stock market going up all the time.
Oil is up almost 20%. BANKRUPT Airline Stocks are in the MEGA BUBBLE! 40% of Air travel business has been lost forever.
Airlines are trading at record high absurd valuations, despite record corporate loss, record stock dilutions, record-high debt levels. These stocks will COLLAPSE by 85-90% soon.
Market manipulation. What goes up fast will dive like a stone. I don't think anyone has a grasp on what will happen when the cost of servicing the national debt increases 10-20 fold.
Apocalypse will be in full bloom by 3% alone. America is already bankrupt. The lie of solvency will continue as long as the public believes it.
Then there will be panic and a run on the banks. In the meantime, stocks keep going up; until they don't.