Want to know why gas was $4/gallon last summer?

[jorgen]

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

Treason thats why.
http://www.importatlanta.com/forums/showthread.php?t=247789

This deserves more attention.
I'm pissed.
I've followed Alex Jones, he is a nut.
I watch Fox news, they don't report SHIT.
Hannity is a jackass, though I do agree with most of what he says.
I like Herman Cain, and am a member of H.I.T.M.

News doesn't report news. These 16 pages are easy to understand, and explains why our economy is shit, and who is to blame.
But the problem is these assholes are in the white house.
I don't give a fuck anymore.
Freedom of speech. Brand me a terrorist.
The Miami model is how its done (NAFTA 2003)
The time for the tree of liberty to be refreshed draws near.

I know 16 pages is a lot to read, but if you give two shits about this country, its worth it. Otherwise go back to sleep.

http://entimg.msn.com/i/gal/SimpsonsMovie/S-008.jpg

[quickdodge®]

Lolol. Later, QD.

[BanginJimmy]

I think prefered duck has a new love buddy here. These conspiracy theory thread are getting a little extreme though.


Next thing we know we will be seeing the pictures that were smuggled out of area 51 as concrete proof of aliens living in the US.


Kinda makes me wanna watch Coneheads again.

[jorgen]

This is not conspiracy theory. The housing market DID crash. Gas was $4/gallon last summer. Congress did try and pass cap and trade.

[BanginJimmy]

Housing and cap and trade were not issues when gas hit that price. As far as why gas was that expensive, its very simple. Speculators were driving up crude futures, therefore gas.

/thread

[David88vert]

Speculators were driving up crude futures, therefore gas.

/thread

We have a winner.

It was greed, plain and simple. In every system that has transactions, there are always winners and losers.

[jorgen]

Housing and cap and trade were not issues when gas hit that price. As far as why gas was that expensive, its very simple. Speculators were driving up crude futures, therefore gas.

/thread

Yes, that is exactly right. Cap and trade doesn't exists yet, but they are pushing for it. Speculators, yes right again, and that is what this about one fifth of what this document is all about.

Here are some highlighted cliff notes:
IPO's were a double book scheme for 90's tech stocks.
We all know what happened with the housing bubble.


OIL:
The credit crunch and housing crash created a rush to commodities, which is why oil hit $4/gallon. The accepted explanation was there was a problem with oil supply. But this was a lie. Supply went up and demand went down, prices should have followed.

The amount of speculative money in commodities grew from $13 billion to $317 billion. By 2008, a barrel of oil was traded on average 27 times before it was actually delivered and consumed.

1963 - Congress realized there should never be more speculators in the market than real producers and consumers, price manipulations would ensue.
By 2008, at least three quarters of the activity on the commodity exchange was speculative.

By 2008, commodities speculators had bought and stockpiled enough oil futures to fill 1.1 billion barrels of crude, which meant speculators owned more oil futures on paper than was real physical oil stored in all the country's commercial storage tanks and the Strategic Petroleum Reserve combined.
"The highest supply of oil in the last 20 years is now, Demand is at a 10-year low. And yet prices are up."


Bailout:
After the oil bubble, there were no new bubbles to create.
"The money seems to be really gone, like worldwide-depression gone"
"So the financial safari has moved elsewhere, and the big game in the hunt has become the only remaining pool of dumb, unguarded capital left to feed upon: taxpayer money."

Lehman Brothers was one of Goldman's last real competitors, and was allowed to collapse without intervention.
The next day Treasury secretary Paulson, a former Goldman CEO, bailed out AIG to the tune of $85 Billion, AIG promptly turned around and repaid $13 billion it owed to Goldman for its bad bets.

In order to qualify for bailout money, Goldman announced it would convert from an investment bank to a bankholding company, a move that allows it access not only to $10 billion in TARP funds, but to a whole galaxy of less conspicuous, publicly backed funding - most notably, lending from the discount window of the Federal Reserve.

By the end of March, the Fed will have lent or guaranteed at least $8.7 Trillion under a series of new bailout programs - and thanks to an obscure law allowing the Fed to block most congressional audits, both the amounts and the recipients of the monies remain almost entirely secret.
HR 1207 anyone?
Theres more...


Global Warming: Cap and Trade
Goldman once again back to its old business, scouting out loopholes in a new government-created market with the aid of a new set of alumni occupying key government jobs.

The next bubble is carbon credits - a booming trillion dollar market that barely even exists yet, but it will if the Democratic Party manages to push into existence a groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade.

The new carbon credit market is a virtual repeat of the commodities-market casino, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance.

If the bill passes, there will be limits on emissions. Limits for coal plants, utilities, natural-gas distributors and numerous other industries on the amount of carbon emissions they can produce each year. If the companies go over their allotment, they will have to buy "allocations" or credits from other companies that have managed to produce fewer emmisions.

Obama conservatively estimates $646 Billion worth of carbon credits will be auctioned in the first seven years; one of his top economic aids speculates the real number might be twice or even three times that amount.

The special appeal of this plan is that the "cap" on carbon will be continually lowered by the government, which means carbon credits will become more scarce each year.

"The bank already owns 10 percent stake in the Chicago Climate Exchange, where carbon credits will be traded. Goldman owns a minority stake in Blue Source LLC, a Utahbased firm that sells carbon credits.
Al Gore, who is intimately involved with the planning of cap-and-trade, started up a company called Generation Investment Management, with three former bigwigs from Goldman Sachs asset management. They invest in carbon offsets.

-Personal note: Special interests are the only one's who stand to gain from Cap and Trade. Al Gore stands to make Billions. GE is in a great position as well, as this will likely also create a new demand for alternative energy.

This is a carbon tax structured so that private interests collect the revenues. Cap-and-trade will turn yet another commodities market into a private taxcollection scheme. This is worse than the bailout: It allows the banks to seize taxpayer money before it's even collected.

Conclusion:
"You can't really register the fact that you're no longer a citizen of a thriving first-world democracy, that you're no longer above getting robbed in broad daylight"
"Its a gangster state, running on gangster economics, and even prices can't be trusted anymore; there are hidden taxes in every buck you pay.

I skipped over a ton. It's worth the read.

[BanginJimmy]

The credit crunch and housing crisis came AFTER gas prices sky rocketed. If anyrthing you can blame those 2 things for gas prices coming down.

Get off those dumbass websites for a while and visit reality.

[David88vert]

The credit crunch and housing crisis came AFTER gas prices sky rocketed. If anyrthing you can blame those 2 things for gas prices coming down.

Get off those dumbass websites for a while and visit reality.

Don't forget the job losses. Once companies laid off people, they didn't need as much gas to get to work. Too much supply, not enough demand, will bring down the prices every time.

[BanginJimmy]

Don't forget the job losses. Once companies laid off people, they didn't need as much gas to get to work. Too much supply, not enough demand, will bring down the prices every time.

Exactly.

[jorgen]

Actually, laying off people is the new way to make profits.
They are cooking their books by cutting jobs.
What happens when you can't cut anymore jobs?

[BanginJimmy]

Actually, laying off people is the new way to make profits.
They are cooking their books by cutting jobs.
What happens when you can't cut anymore jobs?

Laying off eXcess people is done by a company. Why is that "cooking the books"?

When you don't have anyone else you can lay off you close up shop. It sucks but oh well. Its a very rough world we liv e in.

[preferredduck]

The credit crunch and housing crisis came AFTER gas prices sky rocketed. If anyrthing you can blame those 2 things for gas prices coming down.

Get off those dumbass websites for a while and visit reality.

even without those websites you can still connect the dots, there is no theory to it when you see a trail of greedy people bankrupting others. i really hope hr 1207 goes through and then you could see the money trail in the higher levels. the thread is correct that speculators drove the price up, which in turn the us dollar was sinking which caused some arab nations financial trouble.

let me also add the iraq traded oil in the euro, and guess which country is going to do the same. . .iran maybe. see the connection there too. opec nations are backed by the US dollar which is worth about as much as 1 square of toilet paper to wipe my ass with.