The Great Oil Price Swindle- Market Manipulation or Fraud?
It just goes on and on, in a sort of rant from there.For months we've been told that the soaring price of oil has been the
result of Peak Oil, fighting in Iraq, attacks on oil facilities in Nigeria,
labor problems in Norway, and (the all-time favorite)growth in China. It's
all baloney. Just like Goldman Sachs prediction of $200 per barrel oil is
baloney. If oil is about to skyrocket then why has G-Sax kept a neutral rating
on some of its oil holdings like Exxon Mobile? Could it be that they know that
oil is just another mega-inflated equity bubble---like housing, corporate bonds
and dot.com stocks—that is about to crash to earth as soon as the big
players grab a parachute?There are three things that are driving up the price of oil: the falling dollar, speculation and buying on margin. .............
The price of oil has more than quadrupled since 2001, from roughly $30 per barrel to $126, WITHOUT ANY DISRUPTIONS TO SUPPLY. There's no shortage; it's just gibberish. ........
Is it possible that gambling on oil futures might be a temptation for banks that are already underwater from a trillion dollars worth of mortgage-related deals that have “gone south” leaving the banking system essentially bankrupt?
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The United States Dollar's Quantum Valuation Pattern
Relative to other leading economic nations, America's governments, corporations, and citizens have borrowed proportionally more. Under this primary GNP growth through debt pushing on the proverbial string parameter and to a correlative and accompanying measure - under the conditions of inappropriately low interest rates and imprudent lending terms which fueled that borrowing - the US dollar has fallen - in a relatively precise fractal manner - against a basket summation of other leading currencies. While the dollar has fallen nearly 50 percent against basket currencies in the last 12/30/24/18 :: x/2.5x/2x/1.5x months, it has fallen to less than 15 percent below its lows from 1987 to 1994. The world requires inflation of all currencies for growth in order to service debt and population growth. in spite of the 2 percent US interbank lending rates and US treasury rates which directly foster malinvestment speculation in stocks and commodities, the latter of which is killing the pay check to pay check surviving middle class, a necessary saturation curve mathematical fractal correction of the US dollar to the summation basket fiats is now and will occur.
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