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As we all know the decline in the price of oil to roughly $60 a barrel is due to the Saudi decision to keep on pumpin the Bubblin Crude in spite of a decline in world demand for Texas Tea. So as previously stated there are a number of agendas at play in the Saudi decision, including thwarting Iranian, Russian and Fracking Producers ambitions. However the most important is that the Saudi decision is in effect a virtual Quantitative Easing. In that with a decline in energy prices it puts more MONEY back in the pockets of the consumers, which possibly will stimulate the economies of the world.

So the question becomes why is it that the Saudi's would institute a Quantitative Easing program of their own? The answer is that they are afraid that the Global economy would slip in recession in 2015. So what does this Saudi determination mean in relationship to the Federal Reserves and other Central Banks massive provision of liquidity though their QE programs? Here the answer is that all the Central Bankers of the world and all their horses could not put the World Economy back together again. In other words Monetary Policy has failed to restart the world economy.

Here one wonders if the Saudi's consulted with the Worlds Central Bankers before embarking upon their own QE program? If this were the case then it would indicate that the worlds Central Bankers have shot their wad with their QE programs and are in the position of no longer being able to print anymore money for fear of currency implosions and the resulting dislocations.