The Collapse of Fractional Banking | Wall Street Survivor University - 1 views
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The U.S. government has confirmed that indeed a recession began in December 2007, when the price of oil climbed to nearly $100 a barrel.
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And this is what governments are seeing, banks are seeing, what markets are seeing, but no one is talking about it because it portends changes that are greater than anyone can seriously contemplate.
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Critics of the concept of peak oil claim that it is crazy to suggest we’re running out of oil – and they’re right! These critics fail to understand the predicament of Peak Oil which is that the rate of growth in the daily/monthly/yearly production of oil is slowing and after the peak, will fall into permanent decline.
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