CRUDE OIL CONTRACT LIQUIDATION ENDS

This is NOT demand destruction. The puny few percentage decline in demand is temporary, and surely grossly insufficient to explain the 60% to 70% price drop. The wreckage in the oil price is more from calculated, orchestrated, sanctioned genocide of hedge funds by Wall Street elite, with regulatory blessing and full motive to harm firms whose investment positions were in opposition to those of Wall Street firms. A hidden motive is strong: render great harm to both the Saudis and Russians, who are planning to launch new gold-backed currencies within 12 months time. By the way, the Chinese are ordering grandiose increases to their crude oil stockpiles. Call them smart. Call those on the US side corrupt. Also, oil traders are busily attempting to secure tankers to store crude oil bought for speculative purposes. A rising crude oil price usually renders harm to the USDollar....

http://www.financialsense.com/fsu/ed...