So in your view $900 Gold, $13 Soybeans, $10 Wheat and $90 Oil are at those prices because of speculation rather than a weak dollar and strong demand?
Elderly Americans Soon Eating Cat food due to high energy/food prices
- Thread starter Aaron Copland
- Start date
So in your view $900 Gold, $13 Soybeans, $10 Wheat and $90 Oil are at those prices because of speculation rather than a weak dollar and strong demand?
I am a white male, I get no tax credits-no my friend, I am in that group that PAYS all the taxes. But to answer your question, I joined the military and did my duty and got myself set up straight in the process.
Don't be stupid, read my posts and see that I donate a large portion of my time and money to various charities such as the humane society, etc. Another thing I do is leave (relatively) very large tips to people who did a good job whether it's a hair cut or service at a meal. I try to help those who are trying to help themselves, and those who cannot help themselves. That is called honor and chivalry. However 80% of the people who are claiming disability and receiving welfare are full of shit and lazy. Sorry but that's reality.
Say what you want about me, yet another person who pops up with next to zero posts to attack me. Get over it and face reality. You know a guy named doginponyshow by any chance? lol
Bullshit, 90% of them have families and they get the old folks to scam off the government... ask an old timer that runs a food giveaway ministry, I did just that, he told me that with 90% of them scamming welfare/entitlements/food ministries is a way of life... if you want to score brownie points with God by giving away to the poor, do it with your own money, otherwise it doesn't count!!
Eating isn't a "need"? Bigger than oil my friend. I can always ride a subway but I need to eat a subway.
Just so you know there's position limits in Crude futures.
Just let old people die peacefully, I say. Good riddance to old farts. Gumming up the aisles on airplanes. Weaving across lanes in their 15 year old Crown Victorias. Flatulating everywhere. If they can't trade for retirement, let their options expire worthless. Most of them are such disagreeable old bastards that we're better off without them. At least when they starve to death they dessicate and don't smell.
Where is your evidence that high oil prices are caused primarily by speculation? As opposed to the long-term supply/demand picture for oil.
Just consider the obvious facts - oil prices have been low for 2 decades, disincentivising exploration and production. There have been no truly major oil discoveries for ages. It is only fairly recently that high cost producers e.g. the Canadian oil sands companies have started coming on tap. That seems to indicate a long-term supply problem. And look at the demand side - China, India, Brazil, Russia, Eastern Europe, Asia all have much greater wealth and thus demand for oil than they did 10 years ago. That trend shows no sign of abating.
There were plenty of oil speculators around in 1998 and 1980 - that didn't stop the price collapsing. But the fundamental supply/demand factors I mentioned are *new* - they weren't there 10 years ago. Even 4-5 years ago they were far less important than now.
So, given that several major supply/demand fundamentals have all shifted in a few years in a very bullish way for oil prices, why do you identify speculation as the primary driver of higher prices, rather than the fundies? You can't make that claim and expect to be viewed as anything other than a crackpot unless you provide some solid evidence to back it up.
No man, I didn't mean anything I said like that- I mean, my grandparents are old people
. I would do anything for them. Too bad human nature corrupts and ruins any efforts to help those that truly need it. It just really sucks that there are so many who game the system and rip us off to the point we become bitter about helping those who need it. It just seems like there's no viable way to do it without being totally scammed.