GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, May 15, 2016

Marin Katusa on Oil dependent Economies and Gold

Boom Bust’s Ameera David interviews Marin Katusa, chairman of Katusa Research and author of "The Colder War: How the Global Energy Trade Slipped from America's Grasp”. Marin outlines what kinds of changes should we expect given an IMF-estimated loss of oil revenue of $930 billion in 2015 and 2016 in oil dependent economies in the Middle East. Marin also outlines how the oil market is shaking up over the longer-term given the present supply glut. And he gives a super long-term outlook in response to comments by Wood McKenzie that we will eventually see another oil structural supply shortfall. At the end of the interview, Marin also highlights why he is bullish on another natural resource, gold.

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