Imagine what I am watching right now ----NGC OIL stops Brazil still driving cars but not USA Anarchy Looting Madness!!! Hey Cooking OIl works in Diesel Engines I'llbe inthe mountain making Moonshine and running my car off it!
you fools stanley meyer (google or youtube his name) solved this problem in the 70s wake up and stop being a slave to these money hungry devils in america.
Sure. Google & read "Flat-earther blind to oil facts" by Henry Liu, "Perhaps 60% of today's oil price is pure speculation" by William Engdahl, and see chapter 20 of the Book "The Dollar Crisis" by Richard Duncan, where the following starts the chapter: "The Fed would already be faced with its worst nightmare, deflation in the United States, had the price of oil not risen above US$50/barrel following the U.S. invasion of Iraq."
Oil underwrites the USD like gold used to. Sure people and firms don't take loans for gas, but the Fed & speculators artificially raising oil prices technically calibrates the money supply due to petrodollar recycling by oil producers. It causes a sort of 'tactical' inflation to fight off deflationary pressures, and was deployed in 2002 when oil broke $50/barrel.
this time i think it's all about upcoming US elections...price of oil will stabilize only after that...either way price will probably be around 175-200 per barrel..bad news for new democrats elected with promise to lower prices...wait 4 yrs .. republican who can win...oil stablizes at 200 for at least 4-5 yrs
notta bad investment
by the way.. IRAN doesn't wanna "play ball" with INTERNATIONAL BANKERS .. like IRAQ didn't wanna .. (saddam was stubborn) totally finaced by US..too bad , we lose.
The Fed deploys the speculators who raise the price of oil, because they perceive high oil prices as being in the general interests of the US economy. The pop in the housing bubble is threatening *deflation*, which is the Fed's worst nightmare. By artificially raising oil prices, they wish to raise asset prices and counter deflationary inertia. They did the same thing in 1973 (6 Day War was conjured) and 2002 (oil past $50/barrel after tech. bubble burst). Doesn't mean it'll work this time...
The Fed deploys the speculators who raise the price of oil, because they perceive high oil prices as being in the general interests of the US economy. The pop in the housing bubble is threatening *deflation*, which is the Fed's worst nightmare. By artificially raising oil prices, they wish to raise asset prices and counter deflationary inertia. They did the same thing in 1973 (6 Day War was conjured) and 2002 (oil past $50/barrel after tech. bubble burst). Doesn't mean it'll work this time...
If you care to look: check the price of oil vs. the dollar. Oil has risen faster than the $ has fallen. Three years of flat production will do that to prices.
Actually, all the banks create money when they create a loan. It's a debt-based money system. All these notes are IOU's that are only paid interest by creating more IOU's (more loans). You can never pay interest without increasing the money supply because all money is bank-created loans. I think that's what he meant.
They move real assets around with paper that they create from nothing. It's a really sick game. Most of us, of course, are losers in that game.
when the fed lowers interest rates, more fiat dollars are put out into the economy....>>>>>>> The Fed lowers interest rates to stimulate borrowing, which it benefits from by charging intrest on. This borrowed money is not pumped into the economy for goods/services, 'most of it' will be paid (back) to the Fed in the form of loan repayments. Stimulis checks are just the Fed stimulating its own earnings.
Remember, the Fed is a private bank, its not part of the government and on these grounds alone, the Fed should be seen/treated as a terrorist organization.
Fuck YOU Liesman! Fucking patsy! He has to say something to back the crooked Fed, or else he'll lose his job!(6:40) The Fed is a private company in control of Americas monetary system, illegal in the constitution. The government is supposed to be in control. The fed is nothing more than a terrorist organization and the public needs to wake-up ad see this fact.
Of course the Fed won't acknowledge or accept any monetary aggregate system that doesn't benefit their illegal scam. Abolish the fed, destroy the terrorists!!!!!
How long does it take to get oil flowing? How long to max output? What's the max rate that the US could produce if we drilled everywhere? Many, many thousands of new wells have been drilled since the US peaked in 1970, but production has fallen continuously. Even with Alaska coming on line. You are clueless.
coal seam methane currently producing 10% of USA's gas ie: 1 Tcf out of 20 Tcf. Production is increasing in USA, China, India and Australia will soon be exporting Coal Seam Methane as LNG.
UCG - Underground Coal Gasification to increase massively. South Africa produces a third of its fuel from coal gasification
By the Way - Paul was brillant in this interview ... and hes right the Fed has increased the money supply massively. This is why Gold is rising - Takes more devalued dollars to buy an ounze of Gold.
@kkob I agree, Methane and Oil are not precise energy equivalents ... It's just that Gas will provide a far greater share of overall energy usage ... converting to BOPD makes for an easy to visualise comparison.
The equivalence is good, but that only addresses energy content. The problem I was getting at is utility: we can't use gas for all the same things we use oil for... Liebig's Minimum, eh?
Ha...Paul van Eeden schooled those Keynesian propaganda-pushers. To paraphrase, Eeden said "The numbers don't lie, your government does, and inflation (the increase in money supply) is the root cause of the increase in Oil price"!! I'm glad there are more economists coming out in the media to tell the truth about the US economy.
Nope. The root cause is growing scarcity. Inflation is adding to the problem. How do I know? Oil in 2002/3: $24 a barrel. Oil in 2008: $135 a barrel. Inflation is not 100% a year, friend.
Inflation occurs throughout the Fed system, not just at the top. It can be hidden for a while because it takes time for effects to be felt all over. Also, inflation is hidden by gains in productivity - as he mentioned. If you inflate 10% but the economy is 5% more efficient, those gains are siphoned off to feed the debt machine so it looks like 5% net inflation.
Also, inflated dollars compound over time just like interest - which itself is inflation.
Production has been lagging because larger oil fields have become non-existent and oil has been so low in price the last 25 years it was barely affordable to even look for it. My fathers company had possible oil finds in several places but when oil was $4 a barrel at the time, it wasn't worth going after it. The American consumer has been subsidized by the oil companies and gov't the last 30 years because oil drastically lagged behind inflation and the falling dollar.
I'm not sure what you mean by "non-existent", but I think we are in agreement: there have been no mega fields found for decades, and almost certainly won't be. Smaller fields can't make up the flows from mega-fields as they decline in production. decline is now at 5.2% according to the IEA. Oil crude production is falling, total liquids will be soon enough. Hold on to your hats, boys...
I wonder if it isn't 100%! How would we know? They stopped publishing one of the key money supply figures, so who knows?
When I was growing up, both parents did not have to work. Real estate is now ridiculously overpriced because every transaction creates new fiat bank money. Then that "new deposit" creates "new reserves" which banks can loan even more new money out on!
Without an honest money system, how can we even know the full effects of this scheme???
PETRODOLLARE!
QuangNokonoko 1 month ago
Imagine what I am watching right now ----NGC OIL stops Brazil still driving cars but not USA Anarchy Looting Madness!!! Hey Cooking OIl works in Diesel Engines I'llbe inthe mountain making Moonshine and running my car off it!
deltaalpha21074 2 years ago
you fools stanley meyer (google or youtube his name) solved this problem in the 70s wake up and stop being a slave to these money hungry devils in america.
ccstevens5 2 years ago
the federal reserve is totally unnecessary.
adamproskiw 3 years ago 2
There is only 1 Paul Van Eeden and nobody understands the current environment and the money supply like he does!
narcolepsy2006 3 years ago
oil crisis and all wars can be stopped just by introducing pneumatic cars.
They cut cost of commuting by 90% and make oil cunsumption 7 times less.
Oil becomes additional source of energy and
all dictators become bancrupt.
fun69stein 3 years ago
liesman is a fucking idiot
milan20 3 years ago
the problem is that one of the dictators is in charge of the largest army in the world.
adamproskiw 3 years ago
google: we got nuked on 9/11
WTCnucleardemolition 3 years ago
$125 a barrel and expected to go down a little more. Just by the talk of using other sources and drilling more in the U.S.
assoonas1 3 years ago
Sure. Google & read "Flat-earther blind to oil facts" by Henry Liu, "Perhaps 60% of today's oil price is pure speculation" by William Engdahl, and see chapter 20 of the Book "The Dollar Crisis" by Richard Duncan, where the following starts the chapter: "The Fed would already be faced with its worst nightmare, deflation in the United States, had the price of oil not risen above US$50/barrel following the U.S. invasion of Iraq."
giterdun77 3 years ago
Oil underwrites the USD like gold used to. Sure people and firms don't take loans for gas, but the Fed & speculators artificially raising oil prices technically calibrates the money supply due to petrodollar recycling by oil producers. It causes a sort of 'tactical' inflation to fight off deflationary pressures, and was deployed in 2002 when oil broke $50/barrel.
giterdun77 3 years ago
this time i think it's all about upcoming US elections...price of oil will stabilize only after that...either way price will probably be around 175-200 per barrel..bad news for new democrats elected with promise to lower prices...wait 4 yrs .. republican who can win...oil stablizes at 200 for at least 4-5 yrs
notta bad investment
by the way.. IRAN doesn't wanna "play ball" with INTERNATIONAL BANKERS .. like IRAQ didn't wanna .. (saddam was stubborn) totally finaced by US..too bad , we lose.
formericeman 3 years ago
The Fed deploys the speculators who raise the price of oil, because they perceive high oil prices as being in the general interests of the US economy. The pop in the housing bubble is threatening *deflation*, which is the Fed's worst nightmare. By artificially raising oil prices, they wish to raise asset prices and counter deflationary inertia. They did the same thing in 1973 (6 Day War was conjured) and 2002 (oil past $50/barrel after tech. bubble burst). Doesn't mean it'll work this time...
giterdun77 3 years ago
The Fed deploys the speculators who raise the price of oil, because they perceive high oil prices as being in the general interests of the US economy. The pop in the housing bubble is threatening *deflation*, which is the Fed's worst nightmare. By artificially raising oil prices, they wish to raise asset prices and counter deflationary inertia. They did the same thing in 1973 (6 Day War was conjured) and 2002 (oil past $50/barrel after tech. bubble burst). Doesn't mean it'll work this time...
giterdun77 3 years ago
If you care to look: check the price of oil vs. the dollar. Oil has risen faster than the $ has fallen. Three years of flat production will do that to prices.
kkob 3 years ago
buy a electric car ?
bungit2003 3 years ago
Actually, all the banks create money when they create a loan. It's a debt-based money system. All these notes are IOU's that are only paid interest by creating more IOU's (more loans). You can never pay interest without increasing the money supply because all money is bank-created loans. I think that's what he meant.
They move real assets around with paper that they create from nothing. It's a really sick game. Most of us, of course, are losers in that game.
MillionthUsername 3 years ago
Finally! A talking head who knows what he's talking about. I'm surprised they even let him on the air.
MillionthUsername 3 years ago
Oil is the new crack !!!!
JuanPapaNicolao 3 years ago
when the fed lowers interest rates, more fiat dollars are put out into the economy....>>>>>>> The Fed lowers interest rates to stimulate borrowing, which it benefits from by charging intrest on. This borrowed money is not pumped into the economy for goods/services, 'most of it' will be paid (back) to the Fed in the form of loan repayments. Stimulis checks are just the Fed stimulating its own earnings.
generatrix999 3 years ago
Remember, the Fed is a private bank, its not part of the government and on these grounds alone, the Fed should be seen/treated as a terrorist organization.
generatrix999 3 years ago
Fuck YOU Liesman! Fucking patsy! He has to say something to back the crooked Fed, or else he'll lose his job!(6:40) The Fed is a private company in control of Americas monetary system, illegal in the constitution. The government is supposed to be in control. The fed is nothing more than a terrorist organization and the public needs to wake-up ad see this fact.
generatrix999 3 years ago
Of course the Fed won't acknowledge or accept any monetary aggregate system that doesn't benefit their illegal scam. Abolish the fed, destroy the terrorists!!!!!
generatrix999 3 years ago
the people on CNBC are crooks working for the government!
stealthpakfa 3 years ago
Simple is as simple does. Nothing is simple. The dollar's fall accelerated after oil prices started rising in 2003.
Econ 101? Production flat, demand up. WTF do you think is gonna happen, eh?
kkob 3 years ago
what 10 other things ...
1 barrel of oil in existance
13 dollars in existance
price = $13 per barrel
1 barrel of oil in existance
130 dollars in existance
price = $130 per barrel
So the more crap you print the more expensive things are ... Sorry I can't break it down into anything more simple than that.
TodMcInerney 3 years ago 2
How long does it take to get oil flowing? How long to max output? What's the max rate that the US could produce if we drilled everywhere? Many, many thousands of new wells have been drilled since the US peaked in 1970, but production has fallen continuously. Even with Alaska coming on line. You are clueless.
kkob 3 years ago
We have some backups
oil 85 mil BOPD steady to decreasing
gas 19 mil BOPD equilant increasing
coal seam methane currently producing 10% of USA's gas ie: 1 Tcf out of 20 Tcf. Production is increasing in USA, China, India and Australia will soon be exporting Coal Seam Methane as LNG.
UCG - Underground Coal Gasification to increase massively. South Africa produces a third of its fuel from coal gasification
TodMcInerney 3 years ago
By the Way - Paul was brillant in this interview ... and hes right the Fed has increased the money supply massively. This is why Gold is rising - Takes more devalued dollars to buy an ounze of Gold.
TodMcInerney 3 years ago
Yes. Anyone who doesn't get this should visit shadow government statistics.
kkob 3 years ago
vv vv vv shadowstats
TodMcInerney 3 years ago 2
Is it your impression that methane and oil are energy equivalents?
kkob 3 years ago
@kkob I agree, Methane and Oil are not precise energy equivalents ... It's just that Gas will provide a far greater share of overall energy usage ... converting to BOPD makes for an easy to visualise comparison.
TodMcInerney 3 years ago
The equivalence is good, but that only addresses energy content. The problem I was getting at is utility: we can't use gas for all the same things we use oil for... Liebig's Minimum, eh?
kkob 3 years ago
The world does not have free markets. Oil is not a free, supply-demand controlled market.
dksharron 3 years ago
At the moment the most oil ever pumped was in 2005 ... peak oil?
TodMcInerney 3 years ago
why? bin laden is owned by the CIA or was. Have a look at his photo's over the last few years ... 3 different people.
Check out the ties between the Bin Laden family and the Bush family.
Anyways fantastic of Paul to be on TV doing a bit of Fed bashing.
TodMcInerney 3 years ago
It always amazes me in your type's inability to discuss a matter without petty insults. Remember that pride goes before a fall.
namraj1 3 years ago
Ha...Paul van Eeden schooled those Keynesian propaganda-pushers. To paraphrase, Eeden said "The numbers don't lie, your government does, and inflation (the increase in money supply) is the root cause of the increase in Oil price"!! I'm glad there are more economists coming out in the media to tell the truth about the US economy.
idnotego 3 years ago
Nope. The root cause is growing scarcity. Inflation is adding to the problem. How do I know? Oil in 2002/3: $24 a barrel. Oil in 2008: $135 a barrel. Inflation is not 100% a year, friend.
kkob 3 years ago
No, inflation is not 100% but if you noticed, oil has been lagging behind inflation for 30 years or more and its finally catching up.
mgilbo1 3 years ago
Ah! I see! So flat production for 3 years and falling world stockpiles has had nothing to do with it? Hahahahaha!!! Seriously, read.
kkob 3 years ago
That's not what he said. He said 90/10.
Inflation occurs throughout the Fed system, not just at the top. It can be hidden for a while because it takes time for effects to be felt all over. Also, inflation is hidden by gains in productivity - as he mentioned. If you inflate 10% but the economy is 5% more efficient, those gains are siphoned off to feed the debt machine so it looks like 5% net inflation.
Also, inflated dollars compound over time just like interest - which itself is inflation.
MillionthUsername 3 years ago
Production has been lagging because larger oil fields have become non-existent and oil has been so low in price the last 25 years it was barely affordable to even look for it. My fathers company had possible oil finds in several places but when oil was $4 a barrel at the time, it wasn't worth going after it. The American consumer has been subsidized by the oil companies and gov't the last 30 years because oil drastically lagged behind inflation and the falling dollar.
mgilbo1 3 years ago
I'm not sure what you mean by "non-existent", but I think we are in agreement: there have been no mega fields found for decades, and almost certainly won't be. Smaller fields can't make up the flows from mega-fields as they decline in production. decline is now at 5.2% according to the IEA. Oil crude production is falling, total liquids will be soon enough. Hold on to your hats, boys...
kkob 3 years ago
I wonder if it isn't 100%! How would we know? They stopped publishing one of the key money supply figures, so who knows?
When I was growing up, both parents did not have to work. Real estate is now ridiculously overpriced because every transaction creates new fiat bank money. Then that "new deposit" creates "new reserves" which banks can loan even more new money out on!
Without an honest money system, how can we even know the full effects of this scheme???
MillionthUsername 3 years ago
I wasn't talking about inflation, I ws talking about oil prices.
kkob 3 years ago
haha... owned ..
freekrolik 3 years ago
not sure the dumbasses at cnbc understood that lesson from P.VanEEden
whopper2us 3 years ago
Wow...we finally got some truth on CNBC without the hosts over talking the guest? We must be in a crisis ie not an oil crisis, but a DOLLAR CRISIS!!!
idnotego 3 years ago 2
Good discussion. Thanks for posting.
Epic878787 3 years ago 2