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<blockquote data-quote="_CY_" data-source="post: 1608286" data-attributes="member: 7629"><p>this is what's amazing... almost NO media coverage on the largest transfer of wealth in the history of the world. Can anyone tell me of another instance of $$$ trillions removed from from world's economy in such a short time frame (3 years). Katrina occurred in 2005 (prices raised overnight) .... the almost collapse of world economy happened in 2008. </p><p></p><p>Facts are not hard to find ... look in say Exxon Mobil's tax returns. 30x net profit increases were reported after Katrina. Oil companies/oil producers have cash flow measured in Trillions. </p><p></p><p>you cannot deny above is true and easily verified. just because there is next to NO media coverage doesn't change the fact it happened. forget percentage of profits that's thrown around... percent of net profits are for accounts. which are manipulated by a army of accounts. look at actual cash flow of oil companies/oil producers which are measured in $$$$ trillions. </p><p></p><p>let's talk in terms of cause/effect... the world's economy is HUGE, measured in terms of $$$ trillions dollars that moves slowly in timelines measured by decades. The tripling of fuel prices literally overnight resulted in $$$ Trillions dollars of windfall for oil producers/oil companies. NO other event within this short timeframe is large enough to cause the world tail spinning into a recession. </p><p></p><p>when the gulf disaster unfolded into the largest /most expensive man made disaster in US history. LOTS of pundits predicted the demise of Exxon Mobil .... I laughed ... to put size of the profits involved in perspective. Exxon Mobil's total losses ate up profits for ONE quarter. that's right it took all of 4 months for Exxon Mobil to recover from the largest and most expensive disaster in US history. </p><p></p><p>like Steve Jobs says... it's only possible to connect the dots afterwards....</p></blockquote><p></p>
[QUOTE="_CY_, post: 1608286, member: 7629"] this is what's amazing... almost NO media coverage on the largest transfer of wealth in the history of the world. Can anyone tell me of another instance of $$$ trillions removed from from world's economy in such a short time frame (3 years). Katrina occurred in 2005 (prices raised overnight) .... the almost collapse of world economy happened in 2008. Facts are not hard to find ... look in say Exxon Mobil's tax returns. 30x net profit increases were reported after Katrina. Oil companies/oil producers have cash flow measured in Trillions. you cannot deny above is true and easily verified. just because there is next to NO media coverage doesn't change the fact it happened. forget percentage of profits that's thrown around... percent of net profits are for accounts. which are manipulated by a army of accounts. look at actual cash flow of oil companies/oil producers which are measured in $$$$ trillions. let's talk in terms of cause/effect... the world's economy is HUGE, measured in terms of $$$ trillions dollars that moves slowly in timelines measured by decades. The tripling of fuel prices literally overnight resulted in $$$ Trillions dollars of windfall for oil producers/oil companies. NO other event within this short timeframe is large enough to cause the world tail spinning into a recession. when the gulf disaster unfolded into the largest /most expensive man made disaster in US history. LOTS of pundits predicted the demise of Exxon Mobil .... I laughed ... to put size of the profits involved in perspective. Exxon Mobil's total losses ate up profits for ONE quarter. that's right it took all of 4 months for Exxon Mobil to recover from the largest and most expensive disaster in US history. like Steve Jobs says... it's only possible to connect the dots afterwards.... [/QUOTE]
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