Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: westpacific	7/31/2008 1:51:58 PM
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High Oil prices allow massive recirculation of dollars back to the US, lower oil prices will kill that trend right when the US needs it most, in the midst of the biggest credit crunch in history. The US needs capital, that capital is provided by those that have surplus, crushing oil prices mean, no more surplus. And China will also not have a surplus as the consumer depression picks up steam. Lower oil prices is the last thing the US needs right now! Hard to fathom, I know. Lower oil prices will cut off the flow of dollars back to buy our Treasuries, and then we are really up S creek. Be thankful for high oil, so far it has kept this ponzi scheme afloat. That is about to change. The minute the capital dies to buy our Treasuries, then the FED is the last man standing to do so. It is all about how much capital we must attract daily to fund our debt and put keep our banks afloat. Which grows more massive with every bank hiccup. This is why, I say, high oil prices, were engineered! Lower oil prices here and America is in deep crap. West

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