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  • $100 Trillion Up in Smoke

    The ongoing oil price collapse is having a severely negative impact on the wealth of those who own oil reserves. The numbers, as you will see below, are almost incomprehensibly big. They are so big, in fact, that many analysts have simply tuned out. The attitude seems to be, “These numbers blow up my models, so I will ignore them.”

    Today we’ll stop dancing around the truth and call the oil collapse what it is: global wealth destruction of epic proportions.

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