Stephen Leeb, "The Real Threat to this World is Deflation and Depression"

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Iran has issued a warning amidst rising tensions between itself, Israel and the united states, that if sanctions are leveled against the Persian nation, that oil would reach $250 a gallon. This is something that Wendy Sherman, undersecretary of state, warned about when harsh sanctions were passed by the senate last week. She said "there is absolutely a risk that in fact the pre ice of oil would go up, which would mean that Iran would in fact have more money to fuel its nuclear ambitions, not less." Is this an example of wrong-headed thinking by the US and the West? What good will this do if china is still buying Iranian oil? We ask economist Stephen Leeb what the effect of sanctions would be on the price of oil, and if this would actually work in Iran's favor. We also ask Dr. Leeb to comment on the similarities, or rather the differences, between the 1970's commodities and price inflation, and what we are facing in this decade. Will we see wage inflation, or will prices just increase for consumers, but stagnate for workers?

Category:

News & Politics

Tags:

• Capital Account
• Lauren Lyster
• Stephen Leeb
• RT
• RTAmerica
• Markets
• Finance
• Economy
• Eurozone
• China
• commodities
• deflation
• inflation
• copper
• oil
• natural gas
• iran
• saudi arabia
• resources
• stagflation

[eyeswideopennimrod]

Iran is not a threat to the world, but American leaders are, especially as most Americans are not awake and are blind to the truth.

[WallStreetUSA]

PEOPLE UNITE ! The only way to end this is to give all your money to us !

[firesnake2007]

@goldengyrl2010 Stephen Leeb is a hack, check the videos with peter shiff, he never see it coming because he is a one-eyed keynesian, deflation??... tell me where in the economy you can see deflation?, maybe in papers? like sovereign bonds, ETFs and fiat currencies( of course they can regulate the inflation via liquidity and the fog of war).

he supported the idea of socialist redistribution of wealth and government intervention and bailouts, I simply cannot swallow him.

[goldengyrl2010]

@firesnake2007 why do you even watch RT just for the pretty girls I bet?

[goldengyrl2010]

@firesnake2007 Please see MSM if you don't want to hear any actual facts. who the hell do think has a deeper analysis--Bill O'riley?

[goldengyrl2010]

@greygoozz and you're on crack.

[johnnycmajor]

The real threat to this world is the Rothchilds and the federal reserve they laugh at you sheeples every night.

[Tonilious626]

Lets start the war and get it over with! and move on to ww4

[MomoTheBellyDancer]

This is okay, but the woman should really drop her habit of saying "uh-huh" all the time.

[KhanneaSuntzu]

@janenba352 - I prefer to have a constitutional law against *any* (relative) inflation, period. I am against this economic paradigm altogether, much of it doesn't make sense to me anyways.