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Apr 13, 2016, 12:03 PM

Post #1 of 2 (7500 views)


Pemex -- Here we go again...

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Much has been made of the hedges that Mexico has made to insure that Pemex will be getting more than the market value of the oil it sells. Well, turns out, according to The Wall Street Journal and Reuters, the Mexican gub'mint has handed $4.2 billion (dollars, not pesos) to Pemex plus given Pemex a credit facility of about twice that much to fund its operations.


Kind of like when all the money in your right pocket has been stolen, you just transfer money from your left pocket.


Apr 13, 2016, 12:16 PM

Post #2 of 2 (7494 views)


Re: [ifyoucanttakeajoke] Pemex -- Here we go again...

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Your post, and Robt65's posts describe a new wave of government actions, as the Bush admin started the US FED banks buying $80 billion a month of US Treasury bills to prop-up demand & prices for US Govt. new debt ... while the European Central Bank is still cranking out $85 billion a month of artificial 'stimulus'.

It's like some surreal gigantic grease factory, expanding by 30% ... to be able make yet more grease that is used only to lubricate their grease-making machinery...

Keep printing new fresh additional $Trillions of Euros, Pesos, Dollars, Pounds and Loonies to 'stimulate' economies...

leading to ?
Read-on MacDuff
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