Yes, there are comments to be made but I like to see where you are coming from before I comment.
But, I think that you were saying that it is the speculators that were driving up cost.... and I see speculators as nothing but signals from the market. All the speculators are saying is that with the current trends, (demand increasing, supply stagnent or increasing less then demand), that the price of oil will increase. Its the same thing that farmers do, and other large purchasers, like wal-mart, do all the time. they put bids in for product now, banking on the fact that tomorrow people are going to want the product. Demand goes up, price goes up and the purchaser has already locked in a price before the jump. This is the way the market works across the board on all products. Food, cars, clothes, oil and gas. Matter of fact people who have to buy oil to burn in the winter do this is as well. They can choose to buy their heating oil in the summer when the price is low so that they dont get slammed by the price in the fall when it shoots up. Simple and effect way to do things.... case On Mon, Jun 23, 2008 at 3:16 PM, Jim Wilson <[EMAIL PROTECTED]> wrote: > Now were back to "perpetual motion" – it works just as well with currency > as it does machinery. > > > ------------------------------ > > *From:* [EMAIL PROTECTED] [mailto: > [EMAIL PROTECTED] *On Behalf Of *Tony Cooper > *Sent:* Monday, June 23, 2008 3:00 PM > *To:* Jason C > *Cc:* [email protected] > *Subject:* Re: NPC: NMC: Oil futures bidded up by the Hedge Funds. And > about themonetary system... > > > > "This begs the question: Why doesn't government create its own money for > its own expenses (called "*non**-debt based fiat currency*"), instead of > giving the power to create money to a private corporation (i.e. the Federal > Reserve), which collects interest on it?" > > IIRC my history correctly... Napoleon tried to do just that.... > > > Jason C wrote: > > No comments on the links I sent, eh? > > > *Jason C <[EMAIL PROTECTED]> <[EMAIL PROTECTED]>* wrote: > > Please, enough partisan talk - the Republicrats are bowling on the same > team, and they're creaming us, on the other team. > > I agree with the petition. However, the MAIN reason oil prices are going > up is the HEDGE FUNDS run by *Morgan Stanley, Goldman Sachs, Citigroup, JP > Morgan Chase*. Why are they doing it? > > http://www.financialsense.com/editorials/engdahl/2008/0502.html > > --QUOTE--* > "today's oil prices are really determined is done by a process so opaque > only a handful of major oil trading banks such as Goldman Sachs or Morgan > Stanley have any idea who is buying and who selling oil futures or > derivative contracts that set physical oil prices in this strange new world > of "paper oil." "* > > > BTW the amount of capital the above top 4 hedge funds have is on the order > of EIGHT years of the USA's economic output. Yes, EIGHT. > > Interestingly the same companies that own these hedge funds, are the same > top corporate contributors to O-bomb-uh and McSame. Just look at Obama's > top 10 list - in there are *Morgan Stanley, Goldman Sachs, Citigroup, JP > Morgan Chase*. He ain't gonna turn his back on them: > > http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638 > > Now look at McSame: > http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00006424 > > Same four hedge fund companies. > > > To help you understand the hedge funds and the rest of the financial > cartel, read this book. It was a REAL eye opener for me (I used to think > the gold standard was a panacea, for instance): > > *http://webofdebt.com* <http://webofdebt.com/> > > > Wonderful allusions to "The Wizard of Oz". It's a stunningly good book > which goes into the lots of historical detail of money and money politics, > fiat currencies and the gold standard, from 5,000 years ago, through > Europe's middle ages, and the birth of the USA to the present, including the > present subprime mortgage mess which has the economy teetering on a > precipice, as well as the currency speculation attacks by the same Hedge > Funds on the Asian "tigers" in the 90s (Thai Baht currency crisis), and the > attacks on the Mexico and Brazil in the 70s and 80s. > > The central banks create money out of nothing (aka "fiat" money), and LOAN > it to government, expecting to be repaid WITH interest(!). (this is called " > *debt based fiat currency*") This is done via "monetizing the debt" by > the Fed. The commercial banks do the same to consumers and corporations via > "Fractional reserve banking". This system was invented several hundred years > ago in Europe, and was one of the causes of the American Revolution. This > system is the reason for the spiralling unpayable debt of the federal > government today. > > The financial corporations that got rich off of this back then are still > alive and well today. The ramifications of this system (debt based fiat > currency) are well explained in the book. This begs the question: Why > doesn't government create its own money for its own expenses (called "*non > **-debt based fiat currency*"), instead of giving the power to create > money to a private corporation (i.e. the Federal Reserve), which collects > interest on it? > > Several alternate fiat systems and asset backed currencies, and banking > models, and attempts at such, are discussed in the book. > > Caution: if you're like me, a voracious reader, you can't put this book > down. > > > > > > > ------------------------------ > > > > _______________________________________________ > > Miatapower mailing list > > [email protected] > > http://list.miatapower.net/cgi-bin/mailman/listinfo/miatapower > > > > > > _______________________________________________ > Miatapower mailing list > [email protected] > http://list.miatapower.net/cgi-bin/mailman/listinfo/miatapower > >
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