{"id":4972,"date":"2015-01-28T12:25:06","date_gmt":"2015-01-28T17:25:06","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4972"},"modified":"2015-01-28T12:25:06","modified_gmt":"2015-01-28T17:25:06","slug":"the-shemitah-the-biblical-pattern-which-indicates-that-a-financial-collapse-may-be-coming-in-2015-see-more-at-httpwww-thedailysheeple-comthe-shemitah-the-biblical-pattern-which-indicates-that","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4972","title":{"rendered":"The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015 – See more at: http:\/\/www.thedailysheeple.com\/the-shemitah-the-biblical-pattern-which-indicates-that-a-financial-collapse-may-be-coming-in-2015_012015#sthash.0u6YG0le.dpuf"},"content":{"rendered":"

The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015\u00a0<\/span><\/a><\/p>\n

We are really starting to see the price of oil weigh very heavily on the economy and on the stock market.\u00a0 On Tuesday, the Dow was down 291 points, and the primary reason for the decline was disappointing corporate sales numbers.\u00a0 For example, heavy equipment manufacturer Caterpillar is blaming the \u201cdramatic decline in the price of oil\u201d for much lower than anticipated sales during the fourth quarter of 2014.\u00a0 Even though Caterpillar is not an \u201cenergy company\u201d, the price of oil is critical to their success.\u00a0 And the same could be said about thousands of other companies.\u00a0 That is why I have repeatedly stated that anyone who believes that collapsing oil prices are good for the U.S. economy\u00a0is crazy<\/a>.\u00a0 The key to how much damage this oil collapse is going to do to our economy is not\u00a0how low<\/strong>\u00a0prices ultimately go.\u00a0 Rather, the key is\u00a0how long<\/strong>\u00a0they stay at these low levels.\u00a0 If the price of oil went back to $80 a barrel next week, the damage would be fairly minimal.\u00a0 But if the price of oil stays at this current level for the remainder of 2015, the damage will be absolutely catastrophic.\u00a0 Just think of the price of oil like a hot iron.\u00a0 If you touch it for just a fraction of a second, it won\u2019t do too much damage.\u00a0 But if you press it against your skin for an hour, you will be severely damaged for the rest of your life at the very least.<\/p>\n

So the damage that we are witnessing right now is just the very beginning unless the price of oil goes back up substantially.<\/p>\n

When the price of oil first started crashing, most analysts focused on the impact that it would have on energy companies.\u00a0 And without a doubt, quite a few of them are likely to be wiped out if things don\u2019t change soon.<\/p>\n

But of even greater importance is the ripple effects that the price of oil will have throughout our entire economy.\u00a0 The oil price crash is not that many months old at this point, and yet big companies are already blaming it for causing significant problems.\u00a0 The following is how Caterpillar explained their disappointing sales numbers\u00a0on Tuesday<\/a>\u2026<\/p>\n

– See more at: http:\/\/www.thedailysheeple.com\/the-shemitah-the-biblical-pattern-which-indicates-that-a-financial-collapse-may-be-coming-in-2015_012015#sthash.0u6YG0le.dpuf<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015\u00a0 We are really starting to see the price of oil weigh very heavily on the economy and on the stock market.\u00a0 On Tuesday, the Dow was down 291 points, and the primary reason for the decline was disappointing corporate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[236,2993,1775,2992,841],"class_list":["post-4972","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economic-collapse","tag-fianacial-collapse","tag-oil-price-collapse","tag-shemitah","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4972"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4972\/revisions"}],"predecessor-version":[{"id":4973,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4972\/revisions\/4973"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}