Monday, February 01, 2016 5:35:44 PM
Oil producing countries invest heavily in things when they are making a surplus. Those often are Gold and silver, US and some foreign government bonds, Also securities ie stocks in major markets.
When they had excess income they also increased the government expenses. As income dropped they
needed revenue to maintain that life style for their countries Hence they first sold what ever was the most liquid. That was PM's. Looks like they have reached a point where the liquidity to them in PM's has passed. We saw foreign markets in stocks get hit early last year and a slow steady decline followed. Now the US stock market gets its turn, next will be the selling of their us treasury holdings.
2016 is not going to be a nice year for many people. AS it gets worse expect to see riots. 2017
may also have a rough time unemployment will be increasing as the governments have little they are willing to do to correct the mess created over the past 8 years. No business is to big to fail. GM Chrysler and banks should have gone under. There was a demand for x number of cars. The physical plants would have been acquired by more efficient management, labor rates would have been more in line with the world and the banks would have been replaced with better managers. Now we still have inefficient managers and excessive labor rates to compare to the world. JMO
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM