Blog
Oil & BIG BANG – the Government Funding Crisis on a Global Scale
Posted Aug 4, 2015 by Martin Armstrong
Saudi Arabia pumped a record 10.564 million barrels per day in June, showing that as prices decline, a record level of production is unfolding. Governments in the [...]
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Middle East Turning Net Borrowers?
Posted Jul 13, 2015 by Martin Armstrong
Further evidence that 2015.75 is really the peak in a Massive Debt Bubble: The Middle East has always been on a cash basis as their revenues from oil exempted them [...]
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Saudia Arabia Acknowledges End of Petrodollar
Posted May 23, 2015 by Martin Armstrong
Saudi Arabia has announced the end of the petrodollar is upon the world by 2032 — the peak in the ECM. They now announced plans to invest by 2032 a total of [...]
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