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This compilation of financial-related insights includes videos from Wall Street Silver, The Atlantis Report, Tech Revolution, and John Williams.
Peter St Onge on Wall Street Silver talks about Homeowner’s Bank now being a trillion dollar slush fund. The Atlantis Report brings new of unemployment being at a record high and jobs are not coming back. Tech Revolution reports on Saudi Arabia and OPEC+ announcing massive oil cuts. John Williams says the Fed is flipping America’s banking system.
Wall Street Silver
Aug 15, 2023
In this video, Peter talks about Bloomberg recently exposing the hidden network of 11 government banks funneling hundreds of billions to gambling bankers. Discover the shocking truth behind the Federal Home Loan Banks, relics of FDR’s socialist era turned into a massive bailout fund.
The Atlantis Report
Aug 15, 2023
Unemployment at a record high, a trucking giant collapses, and the economy faces uncertainty. A colossal company has collapsed, resulting in the loss of 30,000 jobs. This news comes at a time when the government and media are claiming that the economy is booming and that jobs are plentiful. But this raw data tells a different story, a story of struggle and hardship for thousands of Americans. So we are going to uncover the reasons behind the company’s downfall and the implications it holds for the entire economy.
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Tech Revolution
Aug 15, 2023
The global oil market is like a high-stakes game, where every move could mean millions of dollars on the line. From production cuts to unexpected price hikes, it’s a rollercoaster ride of suspense and intrigue.
Today, we’re breaking down the twists and turns that have left experts scratching their heads and investors at the edge of their seats. So, buckle up and get ready for an adrenaline-pumping journey through the oil market’s biggest mysteries.
We’re also exploring the impact of recent decisions made by the OPEC+ grouping on global oil prices. Are these production cuts truly responsible for the market volatility we’re seeing, or are there other factors at play? The market has seen some interesting movements, and we’re here to find out why.
So, have you heard about the recent decision by the OPEC+ group to cut oil production? I’m sure you did. It’s been making headlines, and the US Treasury Secretary, Janet Yellen, called it “unhelpful and unwise”for the global economy.
She said that it was true, especially for emerging markets. She expressed concerns about the impact on developing countries and the slow pace of financial aid to Ukraine. As a result of this agreement, OPEC+ is planning to lower their output target by a whopping 2 million barrels per day.
It’s all part of the complex world of oil markets, and there are many factors at play here. and sure enough, the effects are already being felt. All of this economic diversification requires foreign investments and more government revenues. But some experts have raised doubts about that.
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With some countries in the region facing financial crises, Saudi Arabia needs to rethink its short-term economic strategies. Keep an eye on Riyadh’s moves, though. There could be a big change coming up. A possible production hike before October 2023 might be on the cards.
If there’s a demand-supply crunch and positive signs in Asia, Europe, and the USA, things might shift dramatically. Crown Prince Mohammed bin Salman and his brother could be preparing a new surprise after the summer.
And hey, regarding oil prices, sources from the refining industry say Saudi Arabia might raise the price of its crude for the third month in a row for September cargos. That could mean some interesting developments in the market
Hey, we’ve got some updates on OPEC’s oil production. Recently, OPEC’s crude production took a major hit. They slashed their output by a whopping 900,000 barrels per day, bringing the average to 27.79 million barrels per day.
This is the most significant reduction in three years since they made drastic cuts during the height of the Covid pandemic in 2020. According to a recent survey, OPEC pumped 27.34 million barrels per day this month, which is 840,000 bpd lower than in June.
That’s the lowest level since September 2021, according to experts. It all added to the reductions made under the late 2022 OPEC+ agreement. While OPEC’s output has declined, there have been increases in Angola and Iraq due to higher exports. That helped limit the overall decline in OPEC output for July.
Interestingly, OPEC’s total output is still almost 1 million bpd below the targeted amount, mainly because Nigeria and Angola can’t pump as much as they agreed to. As we’ve mentioned, Saudi Arabia played a significant role in this decline, cutting its output by 860,000 bpd from the previous month.
And it seems like crude exports were also down by over 600,000 bpd during the same period, based on data from Kepler. Nigeria faced a notable decline as well, with Shell suspending loadings of Forcados crude due to a potential leak at the export terminal.
Meanwhile, Libyan output dipped due to a brief stoppage at some fields during a protest. These surveys aim to track the supply to the market and rely on data from various sources.
This includes shipping data, Refinitiv Eikon flows data, and information from companies that track flows like Petro-Logistics and Kpler, as well as inputs from oil companies, OPEC, and consultants.
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Looks like Saudi Arabia led the charge to stabilize global markets. Let’s see what they have done.So, Saudi Arabia kept its promise and cut an extra 1 million barrels per day to boost oil prices amidst concerns about China’s economic data and the U.S. recession.
Because of that Oil prices have bounced back, reaching a three-month high above $85 a barrel in London. Traders are expecting Saudi Arabia to extend this measure into September, which suggests there might be a shortage in oil supply.
ThisisJohnWilliams
Aug 15, 2023
The FED is FLIPPING America’s Banking System!
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