Lindsey Williams - Oil to go to $50 a barrel - 3 of 5

[pascal26in]

Oh man...is it not possible to run a radio show these days without shouting commercials at us every 2 minutes???

[DanieljDixon]

Commercials end at 4:40

[eddiepeay]

Bread,Bullion,and Bullets

[firethefed]

final thought:

What cannot be paid back will be defaulted on. If you did not know it before, you do now. The entire US banking system is insolvent.

[firethefed]

Of the $6.84 Trillion in bank deposits, the total cash on hand at banks is a mere $273.7 Billion. Where is the rest of the loot? The answer is in off balance sheet SIVs, imploding commercial real estate deals, Alt-A liar loans, Fannie Mae and Freddie Mac bonds, toggle bonds where debt is amazingly paid back with more debt, and all sorts of other silly (and arguably fraudulent) financial wizardry schemes that have bank and brokerage firms leveraged at 30-1 or more.

[firethefed]

There is roughly $6.84 Trillion in bank deposits. $2.60 Trillion of that is uninsured. There is only $53 billion in FDIC insurance to cover $6.84 Trillion in bank deposits. Indymac will eat up roughly $8 billion of that.

[firethefed]

I think a run on the banks is going to be the back breaker of the dollar... more banks are going to go bankrupt... and people are going to panic.. want there money all at once.. and game over... there is not enought money to go around.. and mass panic will set in.. people wont be able to even get money for food...

[firethefed]

The dollar is going to crash.. but not from 50 dollar oil.. hyperinflation is on its way.. not deflation.. dollar is getting weaker day by day.. this fanny freddie bail out is probably going to do the trick.. If oil goes down to 50 bucks.. it will because the U.S. is in Chaos.. no consuption what so ever.. meaning government bankrupt.. no money even to get the oil to the country..

[bodysupport]

Only time will tell on what happens. Either way I believe the dollar will collapse.

[firethefed]

Someone will be buying there oil.. China .. India... Europe.. Australia.. This alone will not break the arabs... sorry.. I dont belive this.

[thefullmonte2003]

if the dollar collapses so does the global economy bud. sorry lindsey has been right so far, and he will be right this time

[bodysupport]

Back then we were buying their oil. If this is true then we would buy the oil from Russia and Indonesia therefore not buying anymore oil from Iran. If we are not buying Their oil then they get no money.

[firethefed]

oil was at 65 bucks a barrel last year... how is just 15 bucks less going to break the arabs??... this is disinformation.. given to lindsey ... i am sure of it... this makes no sence..

[evcrawfish]

you have to look at what he talks about in his videos from the 80's / remember the fdic declared the banks insolvent and then foreclosed on thousands of family farms....look it up...history always repeats itself,,,take that knowledge and follow the money and power trail