I am preloading this post so that it will pop up on the 6th, at which time I plan to be away from the Internet, dealing with technical difficulties. You can post comments, but they won’t show up until I get back.
Several months ago, Pepe Escobar wrote:
Selected Persian Gulf traders, and that includes Westerners working in the Gulf confirm that Saudi Arabia is unloading at least $1 trillion in securities and crashing global markets
Surging demand and falling production will reverse the oil crash by July. Moreover, China’s oil imports recently surged 9.3% at 7.85 million barrels a day, discrediting the hegemonic narrative of a collapse of China’s economy – or of China being responsible for the current market blues.
A reverse of the oil crash by July 2016 is an important prediction. Let me make a note to check it out in six months.
What seems more like a “moderation and less like a “reverse” is the prediction that oil will go back up to $40 per barrel, here:
July isn’t over yet, but oil is just at a mere $50. I had been hoping for something considerably more dramatic as a “reverse of the oil crash.”
Saudi Arabia has also been moving money around, as reported here:
But moving money around is not strong evidence for Saudi peril.
The Eurozone might rip itself apart this year:
Albert Edwards, a strategist at Société Générale bank, has warned of an impending global financial crisis similar to the one that occurred in 2008-09. This time, he said, it could lead to the collapse of the eurozone.
Comment: The EU is still in one piece, but the Brexit vote got some EUrocrats very spooked.
Instability in Europe might strengthen anti-AngloZionist forces – and Saudi Arabia is a pillar of AngloZionism.
Paul Craig Roberts has written that the West – i.e. the AngloZionist West – is looting itself.
And he is being noticed by readers from far and wide:
If oil pulls itself back above $40, then Russia will be stronger. That would tend to prevent Saudi Arabia from doing whatever it might please.
At the moment, there seems to be little evidence. I guess we had better check back on 1st July, or even on 31st July.