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Foiled by Oil
Monday, February 15, 2016 2:44
% of readers think this story is Fact. Add your two cents.
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
investmentwatchblog.com / Submitted by IWB, on February 14th, 2016
by Albert Bates
“Pemex revenues are down 70% in the past 18 months. That is what Peak Oil looks like.”
“Oil in the ground is wealth only on paper – you may own that oil, but it earns you nothing until you recover and sell it. Yet paper wealth is still wealth. It goes on your balance sheet as an asset that you can sell. You can use it as collateral to borrow cash and buy other assets.”
The post Foiled by Oil appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/15/foiled-by-oil/
