Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war

a reply to: Vroomfondel

That's an excellent analogy!

I don't really have any opinion to add to this thread but I'm following it pretty closely.
As a Canadian I am a little concerned as I can see this is going to affect us pretty heavily. (Looks that way to me anyway, given my limited knowledge on the economy)

I can already see our dollar plummeting, and our food prices climbing rapidly to ridiculous amounts.
Pretty sure as time goes on we will be seeing more effects, mostly negative, brought on by this.

I believe tomorrow Stock Market are going to be Head line News across the board.

As we watch the index fall.

Will there be a panic tomorrow when the Markets open, we will have to wait and see.

originally posted by: NewzNose
a reply to: Xtrozero

Don't count on that.

You know that deflation is bad too, so I'm going the other direction that we have deflation and not hyperinflation. Our economy is not based on oil plain and simple, so even if oil went to 10 bucks a barrel it will not be a negative affect on 90% of our economy. If you think otherwise please explain how.

Surprising what we would see is a stronger dollar and that would have it's own negative effects on the world market, but if you want to suggest hyperinflation look to Venezuela and maybe Russia with Canada, Mexico and a few Middle East countries close that rely on their oil production to be 90 plus a barrel.

originally posted by: Swills
a reply to: Informer1958

Damn, did anyone see this coming as a result of the Iranian nuclear deal? Again, good job Obama!

You know Saudi Arabia is pissed!

Yup, he introduced COMPETITION

originally posted by: Xtrozero

originally posted by: NewzNose
a reply to: Xtrozero

Don't count on that.

You know that deflation is bad too, so I'm going the other direction that we have deflation and not hyperinflation. Our economy is not based on oil plain and simple, so even if oil went to 10 bucks a barrel it will not be a negative affect on 90% of our economy. If you think otherwise please explain how.

Surprising what we would see is a stronger dollar and that would have it's own negative effects on the world market, but if you want to suggest hyperinflation look to Venezuela and maybe Russia with Canada, Mexico and a few Middle East countries close that rely on their oil production to be 90 plus a barrel.

I disagree because we have more money to spend domestically. I can by a drink when I get gas, instead of cut on food for gas.

originally posted by: yesyesyes

I disagree because we have more money to spend domestically. I can by a drink when I get gas, instead of cut on food for gas.

2014 inflation was 2.3% and in 2015 it was 1.3% due to the lower cost in energy. I'm not saying all of this affects Americans in a bad way, but it does affect the rest of the world. As Russia feels the pain, and China implodes with it's fake 10% growth per year that was mostly a scam they will have serious issues in 2016, but with America we will mostly see an advantage. The disadvantage is wages will stagnate and people will buy less and this all perpetuates around the world. With that said I think most of us will have a great 2016.

The general rule is deflation is not good and minor inflation is good for all.

originally posted by: Informer1958
I believe tomorrow Stock Market are going to be Head line News across the board.

As we watch the index fall.

Will there be a panic tomorrow when the Markets open, we will have to wait and see.

The fast money has to go... Then the big hitters will come in when it bottoms.

originally posted by: Xtrozero

originally posted by: yesyesyes

I disagree because we have more money to spend domestically. I can by a drink when I get gas, instead of cut on food for gas.

2014 inflation was 2.3% and in 2015 it was 1.3% due to the lower cost in energy. I'm not saying all of this affects Americans in a bad way, but it does affect the rest of the world. As Russia feels the pain, and China implodes with it's fake 10% growth per year that was mostly a scam they will have serious issues in 2016, but with America we will mostly see and advantage.

I agree. I think it is just not what we were expecting in the "conspiracy" realm. I think we were all expecting the USD to go into the toilet, but it seems like all this geopolitical design was well played if you are consider US economic interests.

I expected them to just drop us, but now they are doubling down.

WEll my Grandparents in the 70's got 3 per barrel and were multi millionaires. What is sad is how they have sold all mineral rights to China so the minerals such as precious metals and the like could have been their saving grace but no, they got greedy with oil prices long ago, look at gas in EU, it was shockingly over priced. So, this will be interesting to watch unfold.

originally posted by: yesyesyes

I agree. I think it is just not what we were expecting in the "conspiracy" realm. I think we were all expecting the USD to go into the toilet, but it seems like all this geopolitical design was well played if you are consider US economic interests.

I expected them to just drop us, but now they are doubling down.

There will be less dollars in the world due to all this and that means the dollar will actually gain value. Think of the dollar to be 30% better than the EURO or the Canadian Dollar drops to .65 of USD. Great for you and me, but industry will stagnate all over the world.

This isn't going away anytime soon. China has been the biggest reason for the higher oil prices and they are down the toilet in 2016. Lol, maybe that means jobs come back home...oh the horror.

a reply to: Informer1958

Unfortunately for me if they crash it it will have been a couple weeks late for me to have come out with flying colors, as it stands I have watched as I lost everything in the past 6 months. The Asian mkts are looking very poorly as well, this is a global tipping point in the fiat markets and a perfect time to ring in the NewOne World Order.

originally posted by: antar
Unfortunately for me if they crash it it will have been a couple weeks late for me to have come out with flying colors, as it stands I have watched as I lost everything in the past 6 months. The Asian mkts are looking very poorly as well, this is a global tipping point in the fiat markets and a perfect time to ring in the NewOne World Order.

I'm not going to look at my 401k for about 10 years..lol The funny part is 60% of America can give a rats ass to 401k and the likes since they didn't have one to begin with.

originally posted by: ShadowLink
a reply to: Vroomfondel

That's an excellent analogy!

I don't really have any opinion to add to this thread but I'm following it pretty closely.
As a Canadian I am a little concerned as I can see this is going to affect us pretty heavily. (Looks that way to me anyway, given my limited knowledge on the economy)

I can already see our dollar plummeting, and our food prices climbing rapidly to ridiculous amounts.
Pretty sure as time goes on we will be seeing more effects, mostly negative, brought on by this.

and America says

"You're Welcome"

originally posted by: antar
a reply to: Informer1958

Unfortunately for me if they crash it it will have been a couple weeks late for me to have come out with flying colors, as it stands I have watched as I lost everything in the past 6 months. The Asian mkts are looking very poorly as well, this is a global tipping point in the fiat markets and a perfect time to ring in the NewOne World Order.

Put your money here, look at the players in this

en.wikipedia.org...

Guys this is a much bigger game than you think it is .

Iran wants to bring saudi arabia to its knees . how ? let me explain : saudi arabia tried to further pressure Iran by lowering oil prices with his defiance of OPEC rules and pumping out more oil than she should . the result was bad for everyone but specially for Iran since Iran was under sanctions already .

but now here is the point : Iran could well take care of herself with her non-oil exports even when sanctions on place , this is why you didn't see any demnostrations or protests regarding people's welfare (although no one can ignore it's destructive effect on Iran's economic growth which at a point was negative which means Iran's economy was shrinking instead of growing)

but now that sanctions are lifted Iran will have access to abt 100 billion dollars of her own money + an immediate surge in non-oil exports . so this a great relief ok ?

now , with saudi arabia having an complete oil-dependent economy , lower prices are very fatal ....

to sum it up ,as my economist friend told me ,its Iran's turn to punch . and it's going to hurt .

a reply to: haman10

I was literally going to write something similar and boom! There it is.

Thanks mate, spot on.

The new 30 y/o jerk they have in the Saudi family calling the shots at the moment is doing his best to upset people. However, the US want to distance themselves as he's a complete live wire. What better than to watch from a far as he gets kicked in the goolies by his neighbours with there new found wealth and no risk of nukes. Stand back and light the match.

originally posted by: ManBehindTheMask

originally posted by: Swills
a reply to: Informer1958

Damn, did anyone see this coming as a result of the Iranian nuclear deal? Again, good job Obama!

You know Saudi Arabia is pissed!

Umm no , not a good job

Its always amazing people who make comments like this, obviously have no clue of how the world economy works, much less our economy, bare in mind im no expert myself but I do know the basics....

This is NOT a good thing, You might be happy that gas prices are going to drop or that Saud is getting "stuck" , but this does NOT bode well for the US either. Nor Russia, who is heavily dependent on oil prices, get ready to see some reactions from them as well.

This wouldnt be so bad for the US if we were allowed to be oil independent and actually use our own resources , but thanks to the left we cannot.

Get ready to see some serious implications here in the US if this all goes down.

Hyperdeflation, then extreme hyperinflation........

I read so much about how US overtook Saudi Arabia as the largest oil producer in the world (2014/2015 - Bloomberg, BP, a few different sources).

So how come we can't use our own resources? Do we have agreements with Saudi or others that says we will sell our oil to them? I don't understand the oil thing that well just hoping you can enlighten me

(this quote

This wouldnt be so bad for the US if we were allowed to be oil independent and actually use our own resources , but thanks to the left we cannot.

dbl post

a reply to: haman10

The Iranians are a clever people and well educated . They have the EU panting at their door to trade and develop areas like the car industry further etc.

Their economy is broad based and there is peace in the country which means they can concentrate of things that matter for the improvement of the people there. In fact I suspect Iran will be a far better ally than the Saudis just simply because of the work ethic Iranians have. People forget there was no finger pointing for 9/11 or any other atrocities at Iran, we can't say the same for Saudi involvement.

The world is going through changes especially in alliances and trade etc and Iran is probably far better equipped to deal with these than Saudi.

a reply to: Xtrozero

China's yuan will become the gold standard.

You do realize that the dollar is a debt note, and printed out of debt. ?