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| - (This is a featured part. One of the later ones. It is also published in its correct sequence.) Many of the richest people in the US felt as if they were in a derelict galleon, on the open sea, being pounded with the ongoing waves of mortgage crash, and dollar crash. Politics was like a never-ending dark night. When they got tired of calculating their losses in mortgage market and the dollar, they took off whatever money they had left, without any more thought. That money went directly to the rising star: Oil options in the futures market. Deals were being done for the next year, the year after, even for the midst of the next decade.
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| abstract
| - (This is a featured part. One of the later ones. It is also published in its correct sequence.) Many of the richest people in the US felt as if they were in a derelict galleon, on the open sea, being pounded with the ongoing waves of mortgage crash, and dollar crash. Politics was like a never-ending dark night. When they got tired of calculating their losses in mortgage market and the dollar, they took off whatever money they had left, without any more thought. That money went directly to the rising star: Oil options in the futures market. Deals were being done for the next year, the year after, even for the midst of the next decade. Energy was not a necessity anymore; it was a price graphic. And that graphic had gone through the ceiling to the heights that had never been seen before. When it was over the historic ceiling no one could predict what the new ceiling would be. The world was on the bull’s horn again. Oil price game was a game that had no end in horizon. The losses of the past crashes were left behind under the dark clouds. But what made oil the main energy alternative was its feasibility in the near history. New price levels made alternatives viable. Sun, wind, hydrogen and lots of other alternative energy sources got more and more attention in several countries. While United States was lost in the vertigo of the new oil prices, the relatively sensible Americans were discussing about using energy from maize and its effects on coke price. When a pioneer firm from Turkey feasibly produced energy cells from deep hydrogen sources of Black Sea, it was a revolution. In fact, it wasn’t a revolution in itself, but it was the last drop that caused the outburst. Lots of countries were already using more and more energy based on sun, wind, wave, and water. The oil price graph was at a height with no real matter under it. But huge capitals of huge investment firms were buried deeply in oil options. They didn’t want to believe in reality. And for a few years they could make their dream –or perhaps nightmare- of a world seem like the real thing. Several high paid managers got high-end bonuses for a few extra years. With the last drop of new and cheap energy of Turkey, oil prices plummeted to under 40 dollars from an all time high of 200+ in only 3 weeks. Russia, Iran, Saudi Arabia and lots of other oil exporters have already shorted their own oil for years to come. The average price of oil option deals done were near 300 dollars. These oil exporters had gained riches beyond their dreams! The majority of the players caught in position were Americans. Since Europe was ‘greener’ in general, they have left the futures games on oil way behind while the options were selling under 200 dollars level. They had had an itch! The speculative investment groups were six feet under before they could blink. The domino effect reached to the pillars of the American finance industry in days. Every day another huge loss was announced balancing the profits of several decades. They were more like obituaries than announcements. The memories of 1929 were like a walk around a nice park in a spring day compared to this. Suicides and killings in frenzy were spreading like contagious disease. And California declared a freezing of all connections with Federal Government till a second evaluation which ‘was impossible to be dated in today’s conditions’. California had been in conflict with Federal Government on subjects of energy, cultural diversity, and environmental subjects for years. It had schools with tens of languages spoken daily. It had more ‘green’ laws and principles. And –most importantly- with state jurisdiction it had made arrangements that had severely limited the deadly –as they had proved at the long last- speculations. California was not in jeopardy by itself, if and only if it could detach itself from the grand nation. And they just did that; they detached themselves. US based conglomerates beamed their most critical managerial staff and all digital materials in no time to safer countries. With her new and abundant source of energy Turkey was in the rush and attracted much of these fleeing holdings. New York followed California. It was not one of the least devastated states. New York was definitely the most and utterly devastated state. The city was the futures market itself. And there was no future left. Federal Government had written off the whole state. But there were still people who remembered the JP Morgan of 1907 in the city. New York declared a financial kind of martial law. Totally independent from the Federal Government... Half of all the physical dollar bills in the state holding were put into furnaces publicly. Half of all the digital dollars in the state holding also got overwritten. In the following month the State went on doing this with all the new money it got hold of with the new hard financial rulings. New York declared that she had trust in her own physical belongings. New York declared that she had trust in her own intellectual belongings. New York declared that she had trust in her ability to survive even in these conditions. And she would do this by making the so abundant dollar scarce enough again ‘at least in this independent State of ours’. They prohibited any money changing hands between the other states of the old United States and New York. They began commerce with other countries directly and based on ‘their’ currencies (mostly Euros and Canadian Dollars). They voted phoenix as the new symbol of the state. Just the sheer force of this resurrection intent cut off the spreading of madness that was the normal base all over other states in US. There was a rather comical military coup attempt in Washington. But military was not in the position of ‘nuking’ states that have been in unity just a few months back. And there was no alternative to ‘nuking’ with all the conventional forces in disharmony. Most of the conventional forces were abroad, and their main reason to be soldier was either the promise of citizenship or the promise of college education. Both of which didn’t value a dime now. With US soldiers fighting for their dear life or just fleeing all over the world, homeland forces didn’t count to much. Most of the people didn’t even notice the coup attempt. Before six month, it was a common secret that every state was alone in the fight to survive. Maps were to be redrawn in North America. With a pen of smoke inked with blood.
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