I'm with you.
Round up all the speculators, execute 'em on teevee and corral the rest
of shady operators and make 'em do time in the 'big house' breaking rocks.
I'm wondering when the average American sheeple will take back his/her
rights...
JT
keith_kichefski@[EMAIL PROTECTED]
wrote:
> It is easy to blame big oil for the sharp rise in prices at the pump,
> but they are not necessarily to blame. Everyone has probably heard of
> "Futures Markets". People speculate on what any given commodity might
> be worth in the future and bid on it. With oil running around $108
> bbl. it stands to reason that someone had to bid on it, at that
> price. If there are no speculators to bid at those prices, it drops
> in value. The same thing is happening to home prices, as buyers are
> hoping prices drop more, before jumping in.
> If you don't like the high prices of other things, those are most
> likely also being run up by the 'futures market'.
> While all of this 'fragile speculation' of commodities is running
> rampant, it is just the latest up and coming debacle.
> Not long ago we had the cor****ate book-cooking fiasco, that resulted
> in Sarbanes-Oxley, having affected Tyco, Global Crossing, Enron and a
> host of others.
> After that came the housing crisis, brought about by shady lenders and
> appraisers, hoping they could sell their 'inflated paper risk' to
> someone else. This worked for a while and became global.
> Now banks are afraid to lend, because they can't find a buyer for the
> risk. Hence the 'credit crisis'.
> Shady operators just jump from one thing to another thing, that is big
> at the time.
> That is until they get rounded up and "Do Time", while someone else
> fills their shoes, inventing the next great debacle.
> If enough people reduce their consumption of any given item, the
> prices drop until the market resumes buying.
> This goes for gasoline, food, houses AND Studebakers.
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