Ripe For Chaos: How The Great Reset Will Shake Us To Our Core…”We are literally watching a TEOTWAWKI event transpire right before our eyes.”
TESS PENNINGTON
READY NUTRITION
April 20th, 2020
There is a new cog in the failing machine. We watched as COVID literally put a stop to the airline industry, car, shipping, and trucking traffic as well as manufacturing production thus severely limiting the demand for oil. As a result, U.S. crude oil prices dropped nearly 300 percent and turned negative for the first time. To put it into context think of it like this, it means that the barrel of the oil is worth more than its contents and the fact that oil is used as an economic forecasting tool could mean the demand for oil is drying up.
One article states:
“When oil prices are negative, it means traders holding oil futures are paying buyers to take it off their hands or risk having to take physical delivery of the oil, which most are incapable of doing. Oil is still a valuable commodity, but the selloff followed a huge oversupply in the market after major producers refused to lower their output creating fewer places to store the liquid.”
When oil prices are negative, it means traders holding oil futures are paying buyers to take it off their hands or risk having to take physical delivery of the oil, which most are incapable of doing. Oil is still a valuable commodity, but the selloff followed a huge oversupply in the market after major producers refused to lower their output creating fewer places to store the liquid.
Oil is sold through futures contracts, which means there is a gap between the contracted price and the spot price paid at it actual delivery date. The contracts for May were set for Tuesday, April 21 and that pricing gap grew as more traders anticipated demand would not return until at least the fall, resulting in a historic sellout. Monday’s price was the lowest at least since records started being kept by BP in 1861.
Source
Another writer explains just how devastating this is to our economy.
Seriously though, 20% of the American economy just went 100% into the shitter. Businesses will fail. Mortgages will go unpaid. Rents will be abandoned. And that’s on top of the Chinese Virus garbage which has killed restaurants and retail. If anyone has visited Central and West Texas one would understand just how integrated oil is into the Texas economy.
Now multiply that time every state in the region. Oklahoma will have no reason to keep fracking. Louisiana’s offshore rigs are now totally unprofitable. Arkansas, Pennsylvania, Ohio, the Dakotas and every other state which experienced budget surpluses are about to become as vulnerable as Illinois, New York, or New Jersey as revenues evaporate.
And that doesn’t even start to address the problem.
The Great Reset
We are literally watching a TEOTWAWKI event transpire right before our eyes. By all accounts, the pandemic was the triggering event that will set off a breakdown of epic proportions. As the COVID-19 pandemic opened our eyes to a worldwide health crisis, what could ensue will shake us to our core.
There is no mistaking the signs of economic instability. Turmoil in the stock markets, mass job loss, and cost of living have been at the forefront of our minds dealing with the aftermath of COVID, but now we are literally living in a world where there is a battle for resources from a country level to a world level. Borders are temporarily closing. Resources are getting scarce. Most people do not understand this is the fall of a civilization.
There is a reset planned and we are in a very vulnerable position. Our manufacturing is down, our resources are limited, and populations of people around the world are unable to care for their households. Mark my words, this reset will come at a great cost and all rules that currently apply go out the window in times such as these. At the rate we are currently going, at some point, the system will seize up and eventually will just stop.
The Rest…HERE
