mlambert890

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  • The Triple Play: Oil Addicts, The Credit Crunch and Deflation
    Tiger, you've got it right, but 3 is a huge factor, not a small one. The simple fact is that US oil demand has been *down*. Goldman predicts ever increasing price per barrel, oil sets daily records, yet demand is not really there and supply *is* keeping up.

    Its funny how everyone, once again, wants to turn a blind eye to an obvious case of collusion and price fixing. Subprime happened, we let it happen - let the sharks bleed the system and yelled "MARXIST!!!" at anyone who suggested intense regulatory reform was needed.

    Now everyone is running in a panic predicting the end of days and meanwhile, oil SOARS irrationally. And what happens? Some suggest that MAYBE the cartel of 9 figure investors manipulating oil futures should be reigned in and BAM... "MARXIST!!!"

    We reap what we sow all right. The vast majority of us idiots keep supporting the protection of 8 and 9 figure net worth individuals buying into the bullshit that it will trickle down and believing the delusion that "some day, we'll get there too! thats what the USA is all about!"

    Its high time that the vast majority of us (any loser like me working for a living - even in a deep six figure job - and posting on a board like this) dropped the delusions of grandeur and realized that the deliberate manipulation of the global credit market, and now commodities markets, by billionaires and institutions isnt something the free market can continue to allow if it plans to survive.

    We're heading for a model where the top 1% hold 100% of the wealth and the rest of us are foraging for food or, perhaps, we return to feudalism.

    The answer is increased regulation and more tools in the hands of the fed. And possibly some criminal prosecutions and 8 and 9 figure fines against individuals for the credit meltdown.
    May 22 20:22 pm |Rating: 0 0 |Link to Comment |View article

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