Posted by
theoilpatchplug on Sunday, October 26, 2008 9:46:26 PM
Analysts at Goldman Sachs and Merrill Lynch are predicting that the price of crude oil could fall to $50 a barrel by December if the global economy slips into recession. Opec is due to meet this week and it is expected that the group will announce a cut in output.
The Gulf States will pull out of US Treasuries. The dollar will be almost worthless. Good bye 401K'S.Hello slavery.