For those of you in Canada

[Blue SkiesParticipant 15665]

Prepare for a major recession in 2016. Brace for impact. Start saving money. With higher unemployment, the housing bubble in some cities may burst.

“Canadian businesses’ investment intentions for the coming year are lower than at any other time since the recession of 2009, a survey from the Bank of Canada says.

In its quarterly business outlook survey, the central bank said, “The negative effects of the oil price shock are increasingly spreading beyond the energy-producing regions and sectors.””

“Plans to cut staff are more widespread and not confined to the commodity-producing sectors and regions.

“It does not paint a very positive picture about hiring or investment over the next 12 months,” Preston said.
http://www.cbc.ca/news/business/bank-of-canada-business-outlook-survey-1.3398650

MGTOW is not a movement, it is a way of life.

[RennieParticipant]

Rennie can definitely subside on sandwiches, regardless of whether it’s butter, peanut butter, roast beef, salami. As long as it’s tasty. Never really liked Lobster, it doesn’t have much of a taste and it’s expensive.

[FrankOneParticipant 1417]

Bunker writes: The US went through all this s~~~ in 2009.
The US is have the sauds. give us cheap oil to prop up the petro dollar and make Obummer look good in his final year. I think Obama makes many back office threats and threatened to pull out…So the Arabs are working with him.

Fracking in the US drove the oil price down some but oil prices really took a nosedive when the Saudis decided to keep pumping to keep market share & discourage more shale exploitation in the US and elsewhere (it’s most developed in the US). If the Saudis cut production, or other OPECKerhead nations do so, of course, the price per barrel goes up. And that means MORE shale development in the US. Indeed, projections are for OPEC’s worldwide market share to drop 5% by 2018 http://www.reuters.com/article/us-opec-outlook-idUSKBN0IQ22H20141106 — why does that matter? Well, as their market share drops, so does their ability to set prices by limiting production. The OPEC goal is high, sustainable revenues.

It’s also making the fracking industry more resilient/efficient.

When oil prices do begin to rise, the US should implement an OPECkerhead tax break, eliminating all corporate and income taxes on fracking whenever the price per barrel goes above $30. I’d call it the Bin Laden tax break. Or maybe the Osama sorry you’re back to being bedouins tax break. Fracking creates high paying oil & gas jobs here, and reduces imports/trade imbalance.

Keep sending us that tar sand oil from Canada too, it lets us tar and feather the OPECkerheads. We love it. You can keep your Toronto women, though.

[AttonParticipant]

Like to see what happens when the lithium air battery becomes popular. Sounds like the effect will be world changing.
https://en.wikipedia.org/wiki/Lithium%E2%80%93air_battery

A MGTOW is a man who is not a woman's bitch!

[Anonymous 42]

Rennie wrote:

Never really liked Lobster, it doesn’t have much of a taste and it’s expensive.

Hey Rennie, shell fish have heavy metal compounds in their systems, they eat (depending on location) everything from mercury to cesium137, especially the plutonium precooked at Fukushima Daiichi! They have hot fish too!

[Anonymous 24]

I see a lot of talking about oil prices being down because of the Saudis. What about oil in Iraq, Syria, and Libya that are in ISIS controlled areas and being sold via black market? The Russians have been saying for awhile now that Turkey is where it is being brought into NATO nations.

[Author]

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