“There is No Honor Among Thieves”

Many people credit King Solomon for saying: “There is no honor among thieves.”

However, there is no historical proof he ever said it.

It’s more likely the mantra of Goldman Sachs who recently said that the price of oil could drop to $20 per barrel.

Why would they say this?

It happens every few years and causes panic in the industry.

What you don’t see is how (before predicting a severe drop in oil prices) thieves like Goldman Sachs have positioned themselves to profit from a drop in oil prices.

When panic takes over (Cough! Saudis and Russians manipulating prices Cough! Cough!) the Goldmanites scrape the bottom of the barrel (pun intended) capturing the lowest prices.

To further emphasize this point, yesterday Goldman said that “Half of America Will Get Sick” (150 MILLION?).

And you can bet your bottom buck they’ll be buying their own client’s stock back after convincing them to panic as well.

In other words, they tell you to sell while they buy.

Hmmmmm!

Isn’t that illegal?

Technically, no.

It’s how the “Club” has always operated.

Ironically (or NOT) no one ever gets charged or prosecuted for the crimes these thieves commit against the public AND even their own clients.

Go figure.

Meanwhile, the public is worried that companies like Exxon (XOM) or Phillips 66 (PSX) may be going out of business soon.

LMAO!

Ironically (or NOT) the same stocks are now paying dividends in the 5-7% range.

(Hint, Hint)

Adding gasoline (pun intended) to this fire, thieves’ companies like Goldman – who underwrote hundreds of billions in Shale Oil bonds – are now quietly buying back these bonds at 30-40 cents on the dollar in the open market.

Why?

They know that most of the banks holding them are desperate to strengthen their balance sheets and need to dump them quickly.

This is all part of why “Banks don’t trust Banks” and a big part of why the REPO Market is collapsing.

Don’t be fooled by the lack of honor among thieves.

Become a member of our “…In Plain English” club and learn how to profit AND thrive in Turbulent Times.  (HERE)

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