Turning Hard Times Into Good Times

F. William Engdahl and Michael Oliver return. Mainstream media tells us oil prices are collapsing because Iran is shipping more oil and demand from China is weak. Engdahl explains why most if not all of the reasons given really are a Wall Street elite setting us up for an explosive turn upward. We will explore the bigger picture of the U.S./Saudi alliance as it pertains to the petrodollar and the U.S. dollar retaining reserve currency status. Also, to what extent is trade between Russia and China hiding strength in their respective economies? To what extent is the absence of that trade with the West contributing to growing weakness of other commodity producing nations? What about reports that Russia is selling oil to China in exchange for gold? That and many more questions will be asked of Mr. Engdahl. Then, we will seek Michael Oliver’s views on the oil markets from a technical viewpoint. Does Michael think we could be nearing a major price turn for oil any time soon?