Oil (OIL) - As a contrarian play, it looks like we're being presented with a big opportunity once the oil price finally reaches bottom.
The US and the Saudis have apparently not intervened to stop the oil price collapse, so there are numerous theories out there -- the US wants to punish Russia over Ukraine, the Saudis want to punish Russia for supporting Syria and Iran, the Saudis are trying to make US shale oil production unprofitable, etc. These all make some sense, but being ever the conspiracy buff, I'm still trying to figure what higher goals the nefarious gnomes of the NWO might be shooting for. Beyond just punishing Russia, the US may have in mind an actual regime change in Russia to force Putin out.
But the goal may be much bigger than that. With all the high yield bonds and energy related derivatives out there (trillions), it would seem highly risky to allow an oil price collapse of this magnitude, unless it might be used as the trigger to bring in the IMF/SDR scheme. Or perhaps the oil collapse will be used by the Saudis to start accepting payment in non-dollars, thus ending the petrodollar system, also leading to the IMF/SDR scenario. In any event, it's tough to imagine that a collapse in oil this huge won't eventually produce major fallout within the highly leveraged financial world.
Jim Rickards recounts how the Long Term Capital hedge fund collapse (1998) almost brought down the world's financial system (Rickards was the general counsel for Long Term Capital, and was chief negotiator for the bailout). He said it snowballed out of the Asian and Russian financial crises of 1997/98, so the current collapse in oil could produce a similar collapse in some hedge funds or bond portfolios, which then snowball into a major global meltdown. This would be the perfect excuse for the financial crisis that leads to the IMF bailout of the Federal Reserve and the forced adoption of the SDR system.
