GREG MANNARINO: CRUDE OIL IS BLACK GOLD…”the middle class will not be able to cope with the rising cost of food and energy”
NOVEMBER 9, 2012
In his latest update, Greg Mannarino discusses his outlook on crude oil, and why it is black gold.
Mannarino examines the terminal phase of the US dollar’s decline, which means that not only gold and silver, but oil will soon go super-nova priced in US dollars.
Mannarino states that the middle class will not be able to cope with the rising cost of food and energy as the Fed’s QE policies continue throughout Bronco’s 2nd term, and the remainer of the middle class’ wealth is distributed to Wall Street.