Someone keeps moving the pot of gold
In one of the scarier videos that I watched recently Professor Richard Wolff and Thom Hartmann talk about the recent events at the Fed:
Some other thoughts I had after watching the video were that the recent happenings with the Saudi Arabian old field being bombed and taking out 5% of the worlds oil supply, might be making the bankers very reluctant to make loans. If oil prices climb, everything dependent on the price of oil will go up in price, (which is pretty much everything.) This could cause a lot of issues and perhaps loans might be defaulted on like we were seeing in 2008.
The bond market is also not paying out like it usually does, so there are not as many safe haven investments to count on. The deficit is high and interest rates are about as low as they can go.
Perhaps having oil prices climb up again will push more investment into solar power. Wind and solar energy seems like a better alternative to increasing fracking which causes a lot of issues. Once the initial investments are made efficiencies for production and transportation should increase. Increased efficiencies from the use of low cost clean renewable energy production should lower prices.
Frankly I’m not sure what a cross the board increasing in pricing will do to the crypto markets. My guess is that people will start to head into these markets once they get a better grip on what is happening with all this new money printing. If the typical bank starts charging negative interest rates for keeping your money safe, I think people will really start exiting into things like Steem or BTC.
Besides the YouTube video I really haven’t read much about this issue in the news. Maybe I’m not as informed as I could be.
What do you all think about this?
The video is not my work and the link is provided to help promote it. The pot of gold picture is my work made from photos modified by filters, gradients and other alterations.