Thread by @ektrit

CRUDE OIL

I remember reading ZH to learn how markets work, while ZH bashing Goldman Sachs and commodity manipulators.

1/

zerohedge.com/commodities/oi…

Now Zerohedge has become like CNBC or Bloomberg, propaganda tool for Banking Elite.

ZH has joined the New Narrative that Low Oil price ..........causes Recession.

2/

Saudi Oil Minister crystal clear explained that the price was set by the "paper market".

The Paper Market is the extremely leveraged market, both visible and shadow which sets oil price.

3/

Which means that the Fed hiking rates caused the decline of oil price from $125 to $90, due to margin calls on the Leveraged Paper Market. Saudi oil minister made that crystal clear.

4/

As reaction now, the Insolvent anti human banking elite, are pushing on CNBC, Zerohedge, Bloomberg etc, the NEW NARRATIVE that Recession is caused by.......(gasp) Low oil prices, and only high oil prices will save the economy, so the Fed must cut rates and restart QE.

5/

We have going a civil war between Solvent Industrial Elite and Insolvent Banking Elite since 2014 when Obama ordered QE4.

Anti human banking elite is pushing the narrative that #EnergyStarvation avoids Recession.

6/

Economy is bad.
Economy will get worse.
There is no light at the end of the tunnel.

..... that is until overnight interest rate is at 8-10% and oil crude oil is at Ten Dollars per barrel.

7/ end

#krisonomics