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Who else is sick of food prices being manipulated?
- Thread starter stock777
- Start date
Quote from Martinghoul:
I'm all confused...
Aren't we all traders here? As traders, aren't we supposed to love free unfettered mkts which are the true engines of capitalism? Aren't we constantly clamoring for less govt intervention and regulation in mkts? Or does the above apply to everything but foodstuffs? Moreover, who's gonna define a given mkt participant as a "speculator" and how?
Thank you Martin. This is exactly what I'm getting at.
Quote from intradaybill:
Well, answer your question. Some covert Marxists here they have never traded a single share in their life but their goal is to infiltrate and try to pass their idiotic views to others. It is called propaganda, good old propaganda that slowly errodes the public moral for free markets. This is how they work. But their statements defy common sense. If physical cocoa is in abundance, why should the price go up because some speculators decided to buy futures? If they are wrong, they will be punished hard by the market and price will plunge. Other things go on and these Marxist blame speculators who are essential for stability in the markets.
In reality, stability in the markets rests on the existence of a good number of speculators. By attacking speculators, Marxists want to attack the heart of the system and turn it unstable. They will not succeed because they defy common sense. Marxism is the evil of society.
100% correct. Take out speculators = take out liquidity. Take out liquidity = one hell of a market...
Quote from denner:
So very fucking predictable. You clearly cannot differentiate between a valid argument and some 10 year old cliche's about market manipulation. Nor can you see the difference between a bubble in financial assets like stocks vs the serious (life or death) problems when those financial bubbles move into raw foodstuffs.
What else can I expect from a collosal fucking idiot like yourself who thinks that we should all commit financial suicide to avoid "deflation".
Stop embarrassing yourself. If you understood the economics of deflation, you'd understand why it's imperative for the USA to avoid.
Just because you can't afford bread anymore at the corner store, doesn't mean price manipulation is happening.
You are aware of the grain export ban in Russia, correct? Think that has anything to do with rising prices? Douchebag.
http://www.agrimarket.info/showart.php?id=98822
Ukraine entertaining idea of grain export limitations.
Ukraine entertaining idea of grain export limitations.
Quote from S2007S:
Oil is being manipulated on a daily basis, look at where it trades right now, nearing $80 a barrel, its worth no more than $25-$30 bucks a barrel at most. Its also the fucking futures traders who are fucking up the commodity prices making the price of food soar over the last decade.
I don't really agree with your statement here. The fact is $25-$30 is really nothing any more, considering the expense and *risk* in getting oil out. The huge investments required to even enter the field, etc, etc. Look at PBR for example.
Face it, there are now many, many more millionaires than a decade ago since money is just being printed like never before. Look at the millions of cars sold in China & their need for fuel. Same goes for many other countries, some of which have huge populations like India & Indonesia. Ever been to Jakarta?
It's no longer a US-centric market. But the # of people now competing for every barrel of oil is *huge*. And Bernanke's printing press ain't helping.