She made use infirm for five years at jennas last special in book your campus shower that right around this time it was dark demographically people retiring moral people in young people we aborted all our kids we didn't have kids okay fine we'll will be inherited by the third world that is our trendy wish that is the way it works there she is oil a graphic chart that he's been putting out for at least . I first read his book four years ago that got him on but three matters cuz
I GUESSED I've been seeing him uses for four years .BUT THERE IT IS HE HAS OIL GRAPH WTI CRUDE 2016 HE HAS IT GOING DOWN UH GOING BACK FEW MONTHS AGO AND THAT's WHAT HAPPENED he's GOT IT GOING DOWN EVEN MORE IN TWENTY TWO WE GOT BLOOMBERG OUT SAYING IT TAKES FIVE YEARS TO REBOUND HE SAYS IT WON't rebound although let me put words in his mouth he just made a lot of predicitions have twice a best-selling author people worry what he has to say i'm just glad to share with us today to go through all this show harried and jobs i gotta tell you three years ago i agree with a lot of .what you're saying but i just could not have imagined forty dollar a barrel of oil but it's headed that way in lower thank you for coming on with us right now at the recent for years and while we're in a bit ten to twnenty dollars a barrel right now we have broken are really sorry on a very long trading range sideways between eighty dollars in 115 dollar and the national courtesan 32 i think we're going to see that . this year maybe with weeks maybe with days and being adopted ballinrobe render by your move because there was good for the consumer look corseted we say maybe two dollars a day anymore all i'm to buy is gonna remember one of the biggest bottle we have recently the trapping bar we were told we're gonna be energy independent we got this great cracking revolution it's just a bubble industry with how 5 percent jump on rates below is we've ever seen in history normally eighty-two percent goes back to hire a wedding arm and with a hundred dollar possible prices wrapping the other were rake is dead from million jobs not 900 billion dollars in investment is going to go bad in half a trillion dollars in dad so uncommon for your name is tracking barber just like they ignored housing bubble in the subprime crisis in 2008 on aonother chart on out here were you look at these of crime ball did group from my 2002 down by bezeq is high-yield app is now the new bobwoodward companies are borrowing money for high-risk investments she courtesy of the bands 3 money falling out of the sky .
and this is greeted obama's gonna burn know the united tony oller for years now we got a bottle gambar we got demographics only going the worng direction more countries around the world debt level even higher than they were in juneau dominating the lab wahlberg everything is shot we just needed to trigger i 'm this is the trigger in the market are ignoring parker you particular 2008 crash you prejudice with oil and i just one for my first interview a few times by phone for five years ago that you had been on for a few years try to get the on the 2013 2014 against but you did make those predicitions accurately people did roll their eyes and i respect your views you can write so much but it but it hard to believe now it's starting to happen i'll when did you first start protecting oil would go down in 2015 we should agree to brush in hand and now to dominate you know wanna be how often we look at demographics i hope which we can perjure after i mean we know when the app person spend the most money imporant paper camping equipment and they spend the most money overall a 46 animal want money general money at age 53 which is dish years will be average jojo p in 2009 we predicted that twenty years ago the most the blue one how holders bill spending this year so does spending on all mobile they're going to a normal bill to doing better than ever you watch the next couple years they're going to go or were germany andthe steepest decliner any major change in world much like to ban a ninety we were the only one is enough coming in late eighty if we look at demographic but we also look it any credible cycle in commodity prices or one of the most predictable cycle over time date p every 29 years crap but we've been saying to dominate commodity prices are peaking they're going to climb not her a few years but well into the early to go home twnety map and we share or one particular was going to go back to the lows in late 19 s early to go out between jan in twnety dollars a barrel so yeah it is crapping as we said arm he will go lower i think you will see that ten to twnety dollars maybe for a few years but i think you are going to be 32 to 40 this year and again maybe within months been in again it is not good thing well crowd from dollar 1.47 to 3.2 dollar in 2008 or recession followed but for the whole match here battle we yep that's good long term burgers rumored but in the short term is going to chill out a job is going to trigger data ball high-yield bond rating and birds by gor brt having on her by numbers and body the junk bonds when you-re energy and brought be copied on her by her happened ten percent recently so this whole this is the trigger for the next that bubble bursting and so a car dont see that they dont go everything okay bad will bail everything out you cheer bail everything i mean you can't curator trying to with more dec you're not prepared trying to do army jim bob lee successfully cured it
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