tag:blogger.com,1999:blog-1513679299375736828.post1162588947308824632..comments2024-03-11T01:47:38.754-07:00Comments on The World According to AmericanGoy: So why are gas prices rising?AmericanGoyhttp://www.blogger.com/profile/00865892490752172185noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-1513679299375736828.post-59116914073209560182008-05-28T19:19:00.000-07:002008-05-28T19:19:00.000-07:00It's intellectually dishonest to take an abominati...It's intellectually dishonest to take an abomination of a fraudulent system and present it as an example of "free market". As Ron Paul would quickly explain to you, these speculators are playing with money they don't have, just like the big financial institutions at any given time are hedging their bets into trillions of dollars, with derivatives reaching multiples of even those exorbitant amounts. <BR/>So no, this is not free market. These are people with relatively limited assets purchasing futures worth 10 or 100 fold their net worth.<BR/>In true free market this would be considered fraud and be illegal, but fractional reserve investing leads to just such excesses, and resulting boom and bust cycles.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-61646483476408839492008-05-28T18:28:00.000-07:002008-05-28T18:28:00.000-07:00If you can quote George Soros, I'll quote T. Boone...If you can quote George Soros, I'll quote T. Boone Pickens -- world oil supply is 85 million barrels a day. Demand is 87 million. <BR/><BR/>Get it? Demand exceeds supply. Price goes up. Go Ron Paul!<BR/><BR/>Saudis "say" the world is supplied with oil. Snerk. Truth is they CAN'T increase production because they damaged Ghawar (the world's largest oil field) in the 1980s when they overproduced in order to cause a world oil glut and break the Soviet Union as a favor to Ronald Reagan. This had the unanticipated consequence of <BR/>KILLING small domestic producers. <BR/>Hence, exploration has not been done to replace what the world has pumped.<BR/><BR/>Gov't interference ALWAYS screws things up even worse than they were before. <BR/><BR/>Oh, and ya wanna know why the Saudis are lying and saying supply is adequate? To keep average Joes from hoarding gasoline -- causing lines and making shortages all the worse.<BR/><BR/>Read "Twilight in the Desert" by Matt Simmons.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-54089523963648043402008-05-28T16:57:00.000-07:002008-05-28T16:57:00.000-07:00This doesn't really make any sense. Oil stockpiles...This doesn't really make any sense. Oil stockpiles are not increasing, which is really a prerequisite for any speculative bubble. The spot price of oil is for present delivery, which by definition cannot be affected by speculators without hoarding. Trading in futures contracts affects the future price of oil, not the spot price.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-37884211885722744842008-05-28T05:24:00.000-07:002008-05-28T05:24:00.000-07:00Hey all,finally Japanese government admitting that...Hey all,<BR/>finally Japanese government admitting that gas prices are high because of "Speculators" - prices are over at least 50% because of them.kozeolhttps://www.blogger.com/profile/17546231108702109298noreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-11170032130485001852008-05-28T00:42:00.000-07:002008-05-28T00:42:00.000-07:00And hi miki, and welcome to the blog.Sorry about y...And hi miki, and welcome to the blog.<BR/><BR/>Sorry about your headache - go read my batman article as cure? <BR/><BR/>:-)AmericanGoyhttps://www.blogger.com/profile/00865892490752172185noreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-28456631271677907432008-05-28T00:35:00.000-07:002008-05-28T00:35:00.000-07:00I knew it's a speculation trick going on.Damn, it ...I knew it's a speculation trick going on.<BR/>Damn, it is affecting everybody on the planet.kozeolhttps://www.blogger.com/profile/17546231108702109298noreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-31168036721507087722008-05-27T21:56:00.000-07:002008-05-27T21:56:00.000-07:00Why the dollar is now monopoly money?http://americ...Why the dollar is now monopoly money?<BR/><BR/>http://americangoy.blogspot.com/2007/12/american-goy-on-why-american-is-worth.html<BR/>or<BR/>http://tinyurl.com/63ow3k<BR/><BR/>AND<BR/><BR/>http://americangoy.blogspot.com/2008/03/why-dollar-is-monopoloy-money-proof.html<BR/>or<BR/>http://tinyurl.com/6z7p8o<BR/><BR/><BR/>Simplistic, but hey, seems to fit.AmericanGoyhttps://www.blogger.com/profile/00865892490752172185noreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-21604758094834229112008-05-27T21:54:00.000-07:002008-05-27T21:54:00.000-07:00"It seems rather obvious that a strictly free mark..."It seems rather obvious that a strictly free market inevitably leads to monopoly."<BR/><BR/>This bears repeating, so here:<BR/>"It seems rather obvious that a strictly free market inevitably leads to monopoly."<BR/><BR/>YES YES YES.<BR/><BR/>Inevitable.<BR/><BR/>That is why all governments have anti-trust laws (except communist ones, where there is no or limited free enterprise).<BR/><BR/><BR/>I am still shocked that if you tell an average American that "It seems rather obvious that a strictly free market inevitably leads to monopoly", he/she will snort and then argue with you that that is not the case at all.<BR/><BR/>Right now, as imperfect as the so called "free" market is, it is hands down much better than communism or fascism.<BR/><BR/>The debate now is whether a country wants to go more socialist (Sweden, most of Europe) or more capitalistic (USA).AmericanGoyhttps://www.blogger.com/profile/00865892490752172185noreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-58863970178047241522008-05-27T21:39:00.000-07:002008-05-27T21:39:00.000-07:00It seems rather obvious that a strictly free marke...It seems rather obvious that a strictly free market inevitably leads to monopoly.<BR/><BR/>On the other hand, competitive markets lead to far more efficient structures than could ever be implemented via top-down government regulation.<BR/><BR/>What we have now is an ad-hoc system whereby any given market is free untl a monopoly forms, and then the government regulates that industry in various fashions. Sometimes the industry buys off the government to maintain itself as an inefficient monopoly, sometimes the government splits the monopoly to recreate competition, etc.<BR/><BR/>I would analyze all of this from the standpoint of efficiency. It is the governing force at the biological level, I feel that somehow it must also be one of the dominant market forces.<BR/><BR/>Also, you have completely neglected the effect of the crash of the dollar on oil prices. Is this a cause or an effect of the high oil prices? Perhaps this speculation actually caused the dollar crash - if you could somehow show that the theory becomes far stronger.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-10056064409523379832008-05-27T20:27:00.000-07:002008-05-27T20:27:00.000-07:00Stupid, stupid, stupid, stupid.......high prices b...Stupid, stupid, stupid, stupid.......high prices but no supply problems!! I cant believe that thought never entered into my mind.<BR/><BR/>As always AmericanGoy your spot on. Now only if you'd run for president...........Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-953138692901924102008-05-27T18:36:00.000-07:002008-05-27T18:36:00.000-07:00Hey peasant.It's never this simple in something th...Hey peasant.<BR/><BR/>It's never this simple in something that SHOULD be simple, namely accounting which has two ways of writing numbers: in the CREDIT and DEBIT columns...<BR/><BR/>Let me give you an example:<BR/>Mr. Trump was bankrupt; this was back in the day if my memory serves me. Now, Mr. Trump was rich, and so he did not have a repo man come in and steal his stuff.<BR/><BR/>Instead, him and the banks negotiated.<BR/><BR/>A few casinos build later, and Mr. Trump is richer than ever before.<BR/><BR/>The name of the game is - the richer you are, the more the laws apply differently to you.<BR/><BR/>Wink wink nudge nudge.AmericanGoyhttps://www.blogger.com/profile/00865892490752172185noreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-3246771358115555012008-05-27T18:08:00.000-07:002008-05-27T18:08:00.000-07:00I have a question. Don't some of these big investm...I have a question. Don't some of these big investment gangs have all this 'money' to invest because they have not been forced to write it off their books as losses taken during the subprime meltdown? If they were forced to take their losses - all of them and not just a few to make it look legit - would they then be somewhat defanged?A. Peasanthttps://www.blogger.com/profile/01929646095992796530noreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-23798842731935975162008-05-27T17:45:00.000-07:002008-05-27T17:45:00.000-07:00Great comment anonymous!Glad to have you on board,...Great comment anonymous!<BR/><BR/>Glad to have you on board, and feel free to comment ESPECIALLY if you disagree with my stuff.<BR/><BR/>Re: lack of comments - for some reason DIGG is the place to be, and the majority of the comments happen there.AmericanGoyhttps://www.blogger.com/profile/00865892490752172185noreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-51839722404334843682008-05-27T16:59:00.000-07:002008-05-27T16:59:00.000-07:00According to Phil Valentine, who has interviewed t...According to Phil Valentine, who has interviewed the correct sources, the real price of oil should be about $81 a barrel right now minus the speculation.<BR/><BR/>He noted that the BANKS (read WallStreetCramerKudlowSCUM) are trying to recoup their mortgage-disaster losses by borrowing more money, buying and HOLDING oil futures, to drive the price up, and selling at the high price.<BR/><BR/><BR/>This is NO DIFFERENT than me employing 100 thugs to go buy all the milk at every grocery and convienience store in Cincinnatti, and having my thugs sell the milk outside the store from home coolers at three times the price. You know your kids want their cereal, and you want some milk with your Belgian chocolates, and you use a gallon a week.........so you pay the three dollar markup and forget about it. You just TAKE IT IN THE ASS because you have no choice.<BR/><BR/><BR/><BR/>Wall Street, behind the scenes also participates in stuff like promoting the myth that polar bears DESPITE OVER DOUBLING IN NUMBERS IN ALASKA SINCE THE SIXTIES are NOW endangered and we cant drill in the god-forsaken treeless arctic desert ANWAR where no animals roam anyway to keep the price up. We have recently found enough oil in North Dakota to supply all of America's oil needs for 25 full years. Are they drilling it? Nope, not a drop. A Chevron executive testified that America has enough oil offshore and domestically (not sand oil, or shale oil, or coal-into-gasoline) to power 60 million cars for 60 years IF THEY WOULD JUST LET US DRILL IT. <BR/><BR/><BR/>Its a scam to keep the price as high as possible for the pirates, I mean big banks, to recoup their losses from the mortgage disaster.<BR/><BR/><BR/><BR/><BR/>American Goy made a statement:<BR/>"People with money - BIG money, as in millions and millions of dollars, punds, euros - are always looking to invest into different markets, different methods and vehicles to make more money out of their money."<BR/><BR/>While there are not many commenters in this forrest, I'd like to say that this statement is very very historically true. The rich, especially their children, become lazy and idle and look for ways for their money to make money for nothing, to impose "ground rent", and to make de facto monopolies at every turn throughout history. Some of this is defensive as genetically some of the offsping is shit and they know it deep down inside and wouldn't remain competitive in their own business ventures despite having such a monetary advantage, so skimming dividends from big proven commodities (corporations and holding companies) is the best they can do, and they shamelessly lobby for "less intervention" so they can put the knife a little deeper always. <BR/><BR/>Markets have to be regulated somewhat to defend the interests of the public against the intrests of the moneyed always, because human nature is JUST THAT WAY. I remember getting good phone service for ten bucks a month in the early eighties.............now my home phone would cost 60 bucks (I only have a cell now). Deregulation didn't help shit.<BR/><BR/><BR/><BR/>In fact, we'd still be getting five percent on our money in our savings accounts if banks were still regulated, but we are FORCED to give our money to Wall Street to get anything for it at all. The choice it to let it depreciate, so we are all phucked phucked FUCKED.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-79475154237280332122008-05-27T12:28:00.000-07:002008-05-27T12:28:00.000-07:00...and that's why, my friends capitalism running a......and that's why, my friends capitalism running amok ("free market") is a bad thing. Government control -gasp!- sometimes is good.Anonymousnoreply@blogger.com