Belmont Club

By Richard Fernandez

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They got took

December 17, 2008 - 7:28 am - by Richard Fernandez
Alexis
2008-12-19 14:04:32

My educated guess is that petroleum producing nations may have gotten taken by Ponzi schemes too. At least some of the massive drop in the price of oil may have come from a desire on the part of petromonarchies to cash in on the oil market to their recoup losses on Wall Street.