Soaring Interest Rates Are Quietly Transforming Oil Markets

Soaring? That’s not soaring. That’s only a correction for the money-printing madness we have engaged in for decades now – especially since 2008. We had already hit the wall but instead of doing the right thing and fixing our economies, we poured fuel onto a dumpster fire. What did we expect? In any case, interest that deserves the name is the price one pays for money. That’s a good thing as free interest meant that companies and states endlessly rolled huge debt levels before them. This becomes deadly now. The big shakeout will last for a long time and will be brutal – but it’s long overdue. 

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