DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
Of course it is. Why do you think the world is glutted with oil? Low oil prices aren't great. It's not a blessing. Low oil prices are a symptom of a huge global problem. Manufacturing is grinding to a halt. Soon the slowdown in retail that has led to the slowdown in manufacturing will result in mass store closings and layoffs. The factories will close laying off hundreds of thousands globally. Poverty and hunger will spread around the world like wildfire. only the number of factories necessary to manufacture what the wealthy can afford will remain open. People have already started re-purposing, preserving food, repairing their existing homes and cars. The money thats being spent now is what was released into the economy through QE. Once its gone a crash is inevitable and its already beginning.
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