Red Blooded American
)THumbsUp Good Read wolfie....... when you step outside of Obama's fabricated "economic stimulus", (which only stimulated his cronies) the reality of our economy's well being is like a jet flying on "cheap sub-standard fuel"..... a crash in the making......but it is Bush's vault for leaving us in this messHere's a good read... Look for a crash in January.
‘It’s Gonna Be a Bloodbath’: Expert Reveals the Economic Defects Under the Government’s Numbers | TheBlaze.com
In addition to what you have mentioned, Obama has stated that "Race Relations" are now better because of his policies!No way!!! I just heard Obama the other day say our country is in a better place, more people have health care, are employed, and our economy was doing better. You know he'd never lie!!! :shock:
He also caught Osama and made gas prices go down!!! eh
Yep, and their leverage is the dollar a gallon at the pump everyone is gloating about.Let me throw this little scenario in the mix....
i work in oilfields and it's good but since our ball less Gov won't stand up to OPEC and put sanctions on Arab countries when they dump oil prices to the point it cripples our economy we are all fucked
my point as follows ....told there will be a 60% drop in rig count by mid 2015 Major players , Halliburton ,Schlumberger,Baker,Weatherford etc have dumped billions into new offices,yards ,facilities, equip etc that is BRAND NEW ...so now we have a crash ? Just as the train starts rolling good ! Who financed all this ?
NOW we have all the mom and pop local guys who have way overextended themselves at banks on loans to get into the oilfield support equip businesses , trucking,cleaning,catering ,etc...
Local businesses, Walmarts,HEB,Academy etc...have built new stores in remote towns to accommodate workers and needs , oilfield dies ,they die..
And land owners who now have royalty checks coming in have built new homes ,(More like mansions ) barns , bought equip etc.. Using royalties and property as collateral ...production stops , money coming in stops ...banks get left holding astronomical amounts of debt
if it slows as rapidly and to the extent some analysts are predicting? ALL of us better hold onto your nuts .....they might be all you have left.
This will not just effect the oilfields , it will start an economic domino collapse affecting everything from , stores, automakers ,housing, you name it this time around