AI6YR Ben

BBC: Oil at $150 will trigger global recession, says boss of financial giant BlackRock

https://www.bbc.com/news/articles/c9wqrdkx8ppo

#trumpcession #IranWar #oil

We need more plumbers and fewer lawyers in AI age, says BlackRock boss

Larry Fink also warns if oil prices stay high for a sustained period it will have "profound implications" for the world economy.

Mar 25 at 4:58amWeb
Show threadFreddyB Aviation Photography2d ago

@ai6yr 150??? Way way before that I think.

Gas at Costco was 5.29 a gallon today in Sunnyvale. California

I think at 125 things will grind to a halt. people will stop traveling unless necessary and most will hunker down financially and stop most discretionary spending. Living with durable goods for longer and longer etc. No spending means the economy will start to grind to a halt

It is almost as if his goal is a recession or depression. Are we missing a larger goal here?

Show threadbk2d ago
@cvvhrn @ai6yr
Can’t scoop everything up at fire sale prices unless there’s a fire …
Show threadme_valentijn2d ago
@cvvhrn @ai6yr
Market manipulation. Possibly destabilization for other purposes as well.
Show threadRastal2d ago

@cvvhrn @ai6yr Yes, accelerationist ideology: they are trying to collapse the global economy to destroy everything to rebuild AI digital surveillance grid.

US is trying to create a monopoly on oil/LNG and destroy its competitors so the world can only buy from them. Isolates China.

Israel gets to build Greater Israel so gets all the oil in Middle East (Arab Gulf countries + Israel = Greater Israel), GCC ceases to exist. Also Israel to build 3rd Temple, usher in Messiah, etc.

#iran #iranwar

Show threadMegan Lynch (she/her)1d ago

@ai6yr People who deserve to get the pants sued off them often feel there should be fewer lawyers...

I think at least as many people could agree the world could use fewer CEOs and those that remain should be paid what their entry-level workers are paid...