AMERICAN ECONOMIC COLLAPSE

wew

>>53870800
fuck off [-]

>using the word happening unironically in this context
>>>/pol/

>Oil slipped below $28 a barrel late Tuesday for the first time since September 2003. Oil is currently down about 3% to $27.54 a barrel.
wew

What happened? Did the global market reach the critical complexity and became self aware?

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Dow at 15500 by close.

This cancer is finally burning to the ground.

>>53870800
>http://money.cnn.com/data/premarket/

That's pretty annoying. Gotta hoard some ammo.

Y'all doomed niggas,now you'll feel what's life with crisis.

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>>53871739
>First World "Crises"

1 dollar = 0.9 euro

when is it going to fall again?

EUR is up almost 4% against RUB... 89! 89! 89!

>>53871909
i remember discussing about that one time it got up 15% in one day like 2 years ago
http://www.investing.com/currencies/eur-rub

>>53870800
> I have no understanding of economics
That's you.

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>>53871909
Go spend your hard earned Euros in Russia, da, da tovarisch. Devushkas, parties, CHEAP STUFF!

>>53871959
What will be the day of capitulation? Black Friday.

>>53871966 are an idiot?

>Dow down 400

Wow it's nothing, this happened last year if you recall and everyone was freaking out

To quote Aaron Rodgers, R E L A X

There was only a 1/5 chance of recession this year.
Not terribly worried.

>>53872028
Look at world stocks you dumb fucking nigger. They're all down this year. Meanwhile Europe has lower growth and higher unemployment than the US.

>>53872083
>R E L A X

no way dude.

it's a full hysteria mode now. I'm digging nuclear shelter in my backyard.

>>5387080
The funny thing is that everyone else is getting screwed harder than us.

>oil below 27$

>>53872123
Stocks going down doesn't really mean there's a recession

Yield curve isn't inverted so I'm not worried

Oil will be $13 in April 2016.

Screenshot this. I have spoken.

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it all makes sense. a new great depression... the happenings in Germany will let a new Hitler arise...
PREP FOR WWIII

>>53872223
What happens when oil price reaches $0?

>>53870977
Haha!

>>53872262
You should consult ECB, they have the knowledge when it comes to negative interest rates.

>Americans literally live off tips because their wages are so shit

It was bound to happen.

>>53872344
And yet we have higher average income than you.

The real question is why aren't all you out there buying as many barrels of crude oil as you can fit in your garden shed? Heading to my local crude shop tomorrow to stock up to be desu lads.

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>>53872254
The only thing that will rise in Germany is Mehmet dick during Cologne Carnival.

>>53872262
It already is... kinda
http://oilprice.com/Energy/Oil-Prices/Oil-Sold-for-050-per-Barrel-A-Negative-Price.html

The oil markets are on edge with oil sinking into the $20s per barrel. And last week we reported on one place where oil is already trading in the single-digits. Canada’s bitumen is selling for just $8 per barrel.

But even that rock bottom price is higher than what one oil seller earned for a shipment recently. In a bizarre turn of events, Bloomberg reported that Flint Hill Resources, a refining unit owned by the Koch brothers, said that they would purchase sour crude from North Dakota for $-0.50 per barrel.

That’s right: a negative price. Oil has become so depressed that producers are paying buyers to take oil off of their hands.

Why does the OP single out the US when the markets are down a lot in Europe too

>>53872150
>dumb
Murrica calls someone dumb. Kekkonen.

>>53872427
Because he's a Mongolian faggot.

>>53872375
I'm off the Argos later today bruv, going down there with the lads

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>>53872344

>Danes are so poor they have to pass a law to steal watches and money from immigrants that are L I T E R A L L Y fleeing a warzone

lmao

Oil prices lads

What are they like

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Euro markets are down more than US markets percentage wise

>>53872445

>not doing a Tescos delivery

They just send a tanker lorry to your house and run a hose up to your bath.

>>53872503
Surprised FTSE 100 isn't the worst, it's dominated by the global miners

>>53872437
FTSE -3.97%
DAX -3.50%
CAC -3.86%

S&P -2.96%

America wins again.

>>53872366
Technically they gross more than you do, and get more accessible services like education and health care with their income. :^)

https://en.wikipedia.org/wiki/Median_household_income

>>53872375
>>53872445
me and all my friends are doing this

When australia turns into mad max world we plan on calling ourselves The Crude Brood and we will run the crude oil raquet and smash peoples heads in for lookin at us funny.

should be a laugh

>>53872574
And yet they still have less disposable income.

>>53870800
IT'S 2008 ALL FUCKING OVER AGAIN.

MY SECURITIES ACCOUNT IS DOWN 48%++

WHAT THE FUCK. I'M ABOUT TO FUCKING SHOOT MYSELF I'VE LITERALLY LOST $200,000+ IN ONE WEEK.

>>53872574

Then why is GPD per capita higher in the US? The word Gross being in the index name sort of implies its the one you should refer to. Unless you mean net?

>>53872594
Don't you pay for your insurance?

>>53872630
Fuck off billionaire

>>53872630

Give some to me. I'll keep it safe under my mums bed.

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Sold all my Dollars just in time. I just bought $120k worth of Roubles. Russia please don't let me down.

>>53872701
Good joke

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>>53872701

>>53872633
> GPD per capita
>implying it's equally distributed

Anyway, US nets more regardless. I was just fisihing for those (You)s.

>>53872685
sent ;)

>>53872630
2008 was only the dip.

this is the crash. i'm sorry friend but your money is gone. for good.

I remember my first time coming to /int/, people kept telling me one very important thing: "Never trust the writings of a Finn"
And I've followed those words blindly, for they have avoided me pain

>>53872630
Empty your account and buy golds untill China/Oil crisis is over.

>>53872701

>>53872701

Yes with oil and gas prices so low and the Russian economy performing so strongly you're sure to be in for a windfall. Be sure to mitigate your losses by investing in Syrian dinars and South Sudanese goat anuses

>>53872630
I don't even want to look at the numbers right now. Probably a sea of red. It was only 15,000€ or so, a few weeks back.
Thankfully, I still have 39167,39 € deposited in the bank, so not everything is lost.

>>53872701

>>53872701
should have bought some Zimbabwean Mugabebucks instead

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>>53872701

>>53872151
>The Russian trying to make something out of nothing

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>>53870800
ALLAHUUUUUUUUUUU AKBARRRRRRRRRRRRR


now all we do is await till the jews create another false flag operation 2.0


I bet they're going to blame it on china this trime

>>53872880

China was never really a concern anyway. It was only a matter of time before everyone figured how they routinely lied about economic growth.

>>53872701
once imperial american economy is dead then glorious russian one will flourish dont worry
soon 1 rouble = 3 dollars

>>53872701
What made you do that? Do you feel that the Russian economy will grow?

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>>53872701
>Sold my dollars
>Bought rubbles

>>53872746
>>53872753
>>53872850
>>53872973
>>53872992
????? it was obviously a genius choice,
like 3 years ago 1euro was 50rub now it's 90

>>53872973
I made 5000$ when rouble dropped just after crimean liberation I bought a lot of them, couz the currencies of such huge countries/economies are guaranteed to bounce back after a bit of sanctions

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>>53872701

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>>53872746
>>53872753
>>53872796
>>53872808
>>53872816
>>53872817
>>53872850

It's impossible for the Rouble to go any lower. I have faith in the oil market rectifying itself eventually.

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>>53872701
Please someone make a thread on /biz/ with the link of his post.

>>53872262

free energy and marxist utopia

>>53872701
I transferred all my dollars into simoleans , hope my sim doesnt blow it all on that show/toilet in one upgrade he's been wishing to get.

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>>53873255
>It's impossible for the Rouble to go any lower

>>53873066
>>53873255

Good thing our economy isn't completely dependent on oil like Russia. Which means low oil is a net positive for us since it lowers the costs of operation in every other sector. With Iran's access to new markets and increasing shale production oil is likely to stay low for a long time and it hasn't even hit the bottom yet. Betting on a petro currency is literally retarded.

>>53870800
>http://money.cnn.com/data/premarket/
US pls, could you go 2 years without collapsing, it's like 1929 groundhog these days.

>>53873255
It may have hit rock bottom but it's digging vigorously

>>53873335
>be american
>get shot
>collapse

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>>53873255
Stop this terror attack on my sides.

>>53873270
He's clearly making a fucking joke, Jesus Christ why is this board so oblivious

>>53871739
ο νέγρος μου...

>>53873451
>S&P -3%

Jesus

>>53873255
I hope you're ready to be making a LONG long-term investment. We now have high shale-production with levels still increasing, Iran entering the market, and renewable energy and higher fuel efficiency displacing demand. The rouble will be falling for quite some time and when it does go up it'll take years for you to make any determinable profit off that. If you're not meming you really fucked up anon.

>>53873386
>everyone is having fun
>Mexican intellectual Miguel points out that they are laughing at a joke

>>53873549
But this has nothing to do with oil prices but more of the Chinese government preventive measures against a bear market.

>>53873544
>>53873386

Sad thing is he isn't joking. He's a Russian living in Finland that constantly posts about Russia being stronk and America doomed. Why do you guys think he's shilling so hard about the American economy collapsing?

>>53873544

I thought this was another Alberto Barbosa thread before he sorted me out. Thanks Mexifriend

>>53873614

China stopped those measures days ago. They also forced the head if their stock exchange to resign.

>>53873639
>he isn't joking
nice joke

>>53873549
How about we stop this artificial oil down, led by saudis, mainly.
This hurts a large part of the world, the US mainly, I'm surprised the US haven't strong armed them by now.

>>53873662

It won't change anything until they report actual production output instead of inflated magic numbers that crumble whenever the market tests it.

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>>53873639

[[[[TRIGGERRED]]]]

>>53873639

unless the russians are getting ready to make a hit on the rothschilds and rockafellers and others that have sway on the market the jews will make sure US fiat currency stays internationally on top.

Motzel Toff!

>>53871909
>RUB
that's like making fun of the autistic kids though..

>>53873740
it's 'tov' not 'toff'
sm'h 2bh

>>53873662
These are the results of those measures of the Chinese government interfering with global trade. This entire situation was going to happen sooner or later but the volatility made it a bit unpredictable

>They also forced the head if their stock exchange to resign.

Didn't stop the situation from making it even worse.

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>>53873386
>>53873544

>>53872648
It costs me $50 per month for excellent coverage.

>>53873667

It isn't artificial. OPEC is literally flooding the market with oil and refuse to slow production in refineries.

>>53873786
it's toff you illiterate russian diaspora

>>53873451
Nice operator you have there "Finland"

>>53873255
You need to fire your financial adviser or at least hire a new one. Oil hasn't come close to bottoming out and neither has the rouble. You bought too high. Also oil prices "rectifying" will not be happening in the near future. Now you've tied all that money up when you could have put money in a number of things with a much quicker return on investment. You might as well have buried it in the back yard for all the good it's going to do for you in the next 3 years.

>>53873667
Oil prices were artificially inflated in the first place

>>53872633
Because USA has a lot of millionaires that live there while exploiting a tax system that favours the rich

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>>53872701
>mfw
t. kylteri

>>53873915
You don't understand the concept of median.

>>53873667
>artificial
>What is shale production adding entirely new oil sector
>What is Iran adding entirely new oil producer to global market

Also
>Hurting the US
This helps literally every other sector in the US other than the oil sector. Are you retarded? The economies this actually hurts are ones dependent on it like Russia. US can be thankful for low oil since it will lower the cost of operation for every sector in the US and increase consumer confidence and spending.

>>53873844
>>53873639

>>53873817
Why, literally why, this development doesn't make any sense, at all.
What's the conlusuion,what's the gain rather.

>>53874003
They wanted to kill shale production, not understanding that it can't be done long term.

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Hey goys

I just cashed in $$$$big time$$$$ by jus sitting at home with a few mouse clicks a day.

Ask me why Im so stupid to tell you my secret.

>>53873844

It's a screenshot from /biz/

>>53874046
Legislature stopping it in the US?
Or backhand deals, I'd see the latter.

Excuse my ignorance.

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DOWN DOWN DOWN WE GO

>>53874003

Big bully Saudi got into a pricing war with non-OPEC US shale drillers and now that sanctions in Iran have been lifted the entire market is in a tailspin.

TL;DR: stupid camel buggers can't into market manipulation because they're so used to bullying oil producers into doing what they want

http://qz.com/565667/opec-is-suffering-because-it-miscalculated-but-so-has-everyone-else/

>>53874098
What?

>>53874189
I'm sort of looking forward to Saudi Arabia sinking back into irrelevancy and tribal warlordism but then I realise it would literally be Afghanistan tier which is arguably worse.

>>53874189
Basically, oil prices aren't coming up in a good while. And this is hurting saudis, the UAE, Qataret etc., bad.

What are the politcal implications of this?

>>53874417
Collapse of the Middle East. Which is fine with me. Let those fuckers burn.

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I trade Dax and over the years have developed my own technique which makes me around $150,000 plus per year on just my safe trade. I have the lifestyle and the Leica camera with lenses and I certainly would not have gotten it without trading and taking risks.

My advise, don't listen to trolls.

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>>53874417
>What are the politcal implications of this?


China will grow larger.

Starting with South Korea.

get ready cowboys

by the end of this week

>>53874332

It is worse. Unfortunately Saudi has taken the preeminent position in petro production and losing them that way would send us all back a few decades.

>>53874666
cool story satan

>>53874417
Don't listen to these idiots
>>53874553
>>53874662

>>53870800
tb honest I think the world would be a better place if America drifted into "irrelevant" territory

Dow Jones almost 500 below.

>>53875027
its below 550 its fucking happening

T
U
M
B
L
I
N
G

SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL

>>53874756
You sound a little nervous there, britcuck

>>53875693

You're wrong, if anyone needs an oil drop like it needs a hole in the head it's a manufacturing country like China. Their investments overseas depend on it staying high.

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WOW

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Please, don't be 2008. I need strong world economy to sell my cheap work and make decent euros.

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>>53871235
Don't forget to buy canned goods and sugar.

We should meme this hard on social media. Haven't seen a good market rout since 2008

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>>53872701
Might as well have invested in Bitcoin.

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It's over

Is it that bad though?

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>>53877651
>Might as well have invested in Bitcoin.

That's how I got rich in the first place. Thanks to /g/

>>53878210
It could be, if it snowballs.
Really though, it's not another 1929.
Just another rescession, like 2012, rip.

do i buy yet?

>>53870800
-2,5%
How horrible.

>>53872472
>immigrants are fleeing from war zones
Hello Rasheed.

I sure something like Goldman Sachs has major investments and bets for oil price rise and now that it's shitting itself they'd need another bailout. Its more fun to have a crisis with a clear collapse, not just a boring recession.

>>53878210
It's not even as bad as some of the other market dips in the last 4 years. Honestly its just the Russian from Finland trying to hype it up.

>>53878913
Any investment bank like that is smart enough to have not invested in oil. This drop has been predicted for almost a year.

AMERICA IS FINISHED AND BANKRUPT

I learned that, if /pol/ makes more than 4 threads and there are more than 2 threads on /int/ then it's probably really happening.

>>53873549
>deathproof cars
in response to this crisis I'm going to prove them wrong and set my family up for the lawsuit money

>>53873980
Wait so does this mean gas is going to get even cheaper?

>>53879956
Opposite actually.

>>53880070
It's mathematical really, /pol/ reacts twice as much as /int/ does to a situation so if /int/ had 4 threads about the meltdown then all of /pol/ would be flooded.

>>53880035
Yea. It's already hit under a dollar in some places. Oil will probably bottom out slightly above 20 a barrel. Good for us since this helps every industry in the US other than oil. bad for countries like Russia, Canada and Saudi Arabia that depend on oil for a huge part of their GDP.

>>53880154
I was referring to the happening bit.

>>53880178
NICE!
$1.65 a gallon is the lowest I've seen it since I started driving, if it keeps getting cheaper I'll just drive all day and love every second of it.

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>>53880486
>My car when I can start racing again.

>>53872579
are you gonna run bartertown?

>>53872701
hope you are playing the long game.

russia is unnaturally low at the moment, but until it goes up again it could take a while

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>>53872701
>he thinks oil will recover

>>53873299
I sold all my simoleans and bought bucks

Dumbass here

What's going on and why

>>53872630

im a finance major and we aren't talking about this in any of my classes this week, i don't think this is anything big

>>53881274
Nothing usual. Cheap oil means good for everyone

Saudi Arabia though...

>>53881274
Gas is getting even cheaper
Exciting tbqh

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>Amerifats pay 1.65$ a gallon
>I have to pay 0,99.7¢/L

>>53881437
$1.62 around the corner from me
May go top my truck off for kicks

400 points isn't that big a deal, we had similar during various China and Greek stuff last year

>>53881437
It's 90 cents a gallon here

>>53881535
>It's 90 cents a gallon here
Where are you at? Still above $2 here.

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>>53881535
>It's 90 cents a gallon here

>>53881646
Midwest

Some store was apparently selling for 48 cents in Michigan

>>53881744
>48 cents in Michigan
It's probably half tap water.

>>53881776
I don't think so, we are getting Canadian oil for extremely low prices right now (I mean dirt cheap, a Koch refinery apparently was wanting money to take it off some firms hands because it would cost those companies more to store their product than to pay to get rid of it)

>>53873270
Check the biz catalog