In the end it is all the same - those who don't want to trade fairly. It results ultimately in death. We should abandon gasoline. Many people who gas the car up are doing so more than once a week and poisoning themselves as they breath gasoline fumes in. These fumes go to the most sensitive part of your body - your lungs. This is why mosst service stations went to self serve - to spread the risk around.
That would take moving more towards a nuclear centered economy, less suburban, more urban living, more public transit thats almost free, and a return of industrial/agricultural based economy. Think you can organize the congress around that?
The dollar's value is falling and buys less due to the FED manipulation of the money supply...something that Hayek warned about and knew all too well.
Oil prices today are dropping, not rising. Hedgers and speculators see lower oil demand in the economy overall in the foreseeable future. This "speculation" is more aptly termed common sense. Its a two way deal. People trade on real beliefs, they don't create value out of thin air!
Prices are mostly affected by the real beliefs of how much we as consumers will be willing to buy at what price, not you're theories. Just look at any scientific study on oil flow...guess what we have less oil for the amount of people consuming it. It would take a thick skulled person not to realize that when more people want something that is becoming relatively smaller and smaller, prices rise.
What you make with oil is not demand of oil. It is just supply of products produced with oil. Supply of oil is a direct function of supply of products made with oil. Less some obvious chemicals, labor, etc., the two are synonymous statistically as one does not consume oil directly.
Demand is the amount one/the market is willing to buy for a given price. Not the total amount of a given product in the market, which would actually be supply.
Per capital oil supply, not total oil supply graphed.
Most derivatives are offset by corresponding derivatives. In essence you would owe yourself a barrel of oil. Here there is no economic transaction. Most commodities are not actually delivered in fulfillment of a derivative.
Most derivatives in oil are bought by oil consuming corporations, not Las Vegas speculators.
Even speculators trade oil futures on what they believe to be a realistic future price.
But you still need to stop posting about economics. You only confuse people who do not understand it. People who believe what they see on the news, but feel that something is not right, come to you and think they understand things now, and then support the same liberal-conservative fakery they saw on tv to begin with. Instead of boycotting the fake political game, you'd have them switch teams.
I've given some good examples that go beyond the Dick & Jane level of modern monopoly finance, so I shouldn't stop. People have to be MORE political, not less! Being non-political at a time like this is suicide.
Politics is the distraction during the sleight of hand. It is sad that you are so gung ho about leading people to a false solution. But you have every right to your opinion, and an opportunity to prove yourself.
So. What is one political achievement (as in a law being passed and its outcome) that has occured in the last 20 years that is notable that we could reproduce in the current time? (the end of a negative ongoing event does not count)
NO! You WANT politics to be about distraction, so that you are justified in being an impotent whiner. What a coward you are. Afraid to organize people to get something done. Sheesh. No wonder we have cowardly politicians, people like you won't back up actions that put them at risk of injury or death. You have to go beyond 20 years if you're going to get a future worth living. America has been in decline for the last 35 years. This is a systemic crisis of the post Bretton Woods system.
Exactly. You could not provide one single political achievement in the last generation. You blame it on the collapse of the international gold standard. So in other words, your solution is money. If only you had control over money and interest rates, you could effect poltical change...right?
Yes, the baby boomer generation is an absolute failure as a generation. But as the old saying goes, don't point to the particle in your brothers eye, while ignoring the beam in your own. Bretton Woods was not a gold standard and the solution is not money.
Well, you have again displayed what you know, and since you cannot come up with any political achievements, with what basis do you put overwhelming faith in the political system?
Nope. You're the one who's irresponsible, by spreading lies.
I've heard the 'my way is the good way' b.s. before, try something real instead of your emotional manipulation tactics. Nobody's fooled.
Think about it, who are YOU to decide for anyone else what a 'citizen' is and what 'responsibility' means...no one...exactly...exactly why everytime you mention something moral or honorable as opposed to a fact or a factual concept people ignore you.
Oh. Then you agree with the news that it was the Chinese then, causing oil prices to go as high as they did. Either the news is correct or me.
Having know people who suffered unspeakable violence in the name of basic rights like the right to vote, and having had guns shoved in my face for political issues, yes, I know the difference between a citizen who acts for the common good, and those who sit on the sidelines. You're worse.
Sure is! Its known that Kissinger was "parking" oil tankers off shore in '73 to create an artificial shortage. Just like Enron turned off power plants in order to create a shortage of electricity.
I had a rather fuzzy picture of the speculation-price spike connection. Thanks for the clear picture. Is there a politically viable action that can be taken to rectify this?
There wasn't really room to show that, since there is great difficulty in getting truthful data, since the British offshore hedge fund system is protected from investigation. But when it is shown in the context of production and consumption, you can't really accept what is stated as the cause. The Italian parliament is debating a motion for a New Bretton Woods monetary system right now. Yes, there is a political solution, it just takes overcoming certain stubborn axioms about economics. 8)
Speculators have caused prices to triple in 8 years. He showed us
1) A photo of a Bilderberg meeting...and?
2) A graph of demand and price over time...and?
3) A timeline of oil company mergers...again...and?
4) Said some choice words about how the Bilderbergers planned to raise oil prices...and...proof?
This gentleman has pointed out, supply and demand are non-answers to why gas prices have more than tripled in 8 years, see #2. Otherwise he has given us no useful information.
How do you explain 7 of the largest oil companies merging in a matter of a couple of months then? Especially after the financial system was on the verge of complete meltdown. Sorry that I questioned Big Brother. I should go back to playing Quake now and be a good little German.
The same way you explain large banking institutions being gobbled and swallowed up, or airlines, or tech companies (Netscape, Peoplesoft) or Telecom Companies (the 'new' AT&T) how about explaining your CONCLUSIONS
by
saying how (the cause and effect relationship) speculators cause the price of oil to go up and stay up and keep rising (I am 95% sure you CAN'T, but if you can at least we'll have a real conversation rather than argue)
More work certainly needs to be done. Making good videos is very difficult, especially on subjects like this! So, when are you going make your own video, since you seem to have all the answers. Show me how to make a proper video on a subject like this. Demonstrate what you know.
My talent is in evaluating arguments. I will continue to do that. I have given you an exact model of a proper video on the subject, all you have to do now is make the video! If you could find supply and demand data for gasoline, I am confident you can find data + an explanation of how speculation can drive up the price of a commodity.
Note also that if speculators can successfully inflate the price of gas, they can do it for anything.
So far, your talent is rather questionable. Anyone who puts cartoon ducks in his favorites as an authority on the economy doesn't impress me too much. Likewise, saying that Zeitgeist is what you follow, also makes he doubt your ability. All you had to do was follow what Enron did to California to see what speculation does. The food riots, also.
Who said I follow anything? And if you watch the video you can see the genius of the person who uploaded it. That video explains an important concept in simple terms, and doing it with cartoons is just genius.
But...I'm tired of you, man. The only people who will be confused by you are people who cannot think critically. Your insults reveal either your hatred or your ignorance. Maybe you have low-self esteem, and need to tear others down by instulting them personally.
Of course you are a follower. You're a liar if you say otherwise. I looked at the video, and I didn't see any genius. Just a typical enraged populist with no clue about economics and spouting the usual line about the Federal Reserve, which appeals to other clueless populists who all happily repeat the same mantra, as though repeating it a ga-zillion times is going to make the Fed magically disappear. In a case like that, ridicule is appropriate. I only care about my fellow citizens.
Wow man, you caught me. Here I am, living in a town someone moved to before me, in an apartment someone told me about, using a computer someone showed me how to use, with a keyboard I learned to use, from someone else, on a website somebody told me about...chatting about a video someone else made. I guess I am a follower, I'm glad you told me that...enlightening.
In the end it is all the same - those who don't want to trade fairly. It results ultimately in death. We should abandon gasoline. Many people who gas the car up are doing so more than once a week and poisoning themselves as they breath gasoline fumes in. These fumes go to the most sensitive part of your body - your lungs. This is why mosst service stations went to self serve - to spread the risk around.
Masonictoaster9 2 years ago
That would take moving more towards a nuclear centered economy, less suburban, more urban living, more public transit thats almost free, and a return of industrial/agricultural based economy. Think you can organize the congress around that?
Amiduffer 2 years ago
Things to think about cntd 2...
The dollar's value is falling and buys less due to the FED manipulation of the money supply...something that Hayek warned about and knew all too well.
Oil prices today are dropping, not rising. Hedgers and speculators see lower oil demand in the economy overall in the foreseeable future. This "speculation" is more aptly termed common sense. Its a two way deal. People trade on real beliefs, they don't create value out of thin air!
mcclansplash 3 years ago
Prices are mostly affected by the real beliefs of how much we as consumers will be willing to buy at what price, not you're theories. Just look at any scientific study on oil flow...guess what we have less oil for the amount of people consuming it. It would take a thick skulled person not to realize that when more people want something that is becoming relatively smaller and smaller, prices rise.
mcclansplash 3 years ago
Things to think about cntd:
What you make with oil is not demand of oil. It is just supply of products produced with oil. Supply of oil is a direct function of supply of products made with oil. Less some obvious chemicals, labor, etc., the two are synonymous statistically as one does not consume oil directly.
Demand is the amount one/the market is willing to buy for a given price. Not the total amount of a given product in the market, which would actually be supply.
mcclansplash 3 years ago
Some things to think about:
Per capital oil supply, not total oil supply graphed.
Most derivatives are offset by corresponding derivatives. In essence you would owe yourself a barrel of oil. Here there is no economic transaction. Most commodities are not actually delivered in fulfillment of a derivative.
Most derivatives in oil are bought by oil consuming corporations, not Las Vegas speculators.
Even speculators trade oil futures on what they believe to be a realistic future price.
mcclansplash 3 years ago
capita not capital : typo
mcclansplash 3 years ago
But you still need to stop posting about economics. You only confuse people who do not understand it. People who believe what they see on the news, but feel that something is not right, come to you and think they understand things now, and then support the same liberal-conservative fakery they saw on tv to begin with. Instead of boycotting the fake political game, you'd have them switch teams.
ybworld 3 years ago
I've given some good examples that go beyond the Dick & Jane level of modern monopoly finance, so I shouldn't stop. People have to be MORE political, not less! Being non-political at a time like this is suicide.
Amiduffer 3 years ago
Politics is the distraction during the sleight of hand. It is sad that you are so gung ho about leading people to a false solution. But you have every right to your opinion, and an opportunity to prove yourself.
So. What is one political achievement (as in a law being passed and its outcome) that has occured in the last 20 years that is notable that we could reproduce in the current time? (the end of a negative ongoing event does not count)
ybworld 3 years ago
NO! You WANT politics to be about distraction, so that you are justified in being an impotent whiner. What a coward you are. Afraid to organize people to get something done. Sheesh. No wonder we have cowardly politicians, people like you won't back up actions that put them at risk of injury or death. You have to go beyond 20 years if you're going to get a future worth living. America has been in decline for the last 35 years. This is a systemic crisis of the post Bretton Woods system.
Amiduffer 3 years ago
Exactly. You could not provide one single political achievement in the last generation. You blame it on the collapse of the international gold standard. So in other words, your solution is money. If only you had control over money and interest rates, you could effect poltical change...right?
youtube. com/user/aodscarecrow
"The Big Picture"
ybworld 3 years ago
Yes, the baby boomer generation is an absolute failure as a generation. But as the old saying goes, don't point to the particle in your brothers eye, while ignoring the beam in your own. Bretton Woods was not a gold standard and the solution is not money.
Amiduffer 3 years ago
Well, you have again displayed what you know, and since you cannot come up with any political achievements, with what basis do you put overwhelming faith in the political system?
ybworld 3 years ago
A political solution is the only chance we all have, despite your aversion toward being a citizen and taking responsibility.
Amiduffer 3 years ago
Nope. You're the one who's irresponsible, by spreading lies.
I've heard the 'my way is the good way' b.s. before, try something real instead of your emotional manipulation tactics. Nobody's fooled.
Think about it, who are YOU to decide for anyone else what a 'citizen' is and what 'responsibility' means...no one...exactly...exactly why everytime you mention something moral or honorable as opposed to a fact or a factual concept people ignore you.
ybworld 3 years ago
Oh. Then you agree with the news that it was the Chinese then, causing oil prices to go as high as they did. Either the news is correct or me.
Having know people who suffered unspeakable violence in the name of basic rights like the right to vote, and having had guns shoved in my face for political issues, yes, I know the difference between a citizen who acts for the common good, and those who sit on the sidelines. You're worse.
Amiduffer 3 years ago
This video is now in my playlist "Worth Watching"
Frank
ockteby 3 years ago
Thanks!
Amiduffer 3 years ago
Pretty much the same conclusion I came to myself that the oil prices are BS and nothing more.
If it was demand prices would have slowly increased vs jumped.
Membrane556 3 years ago
Sure is! Its known that Kissinger was "parking" oil tankers off shore in '73 to create an artificial shortage. Just like Enron turned off power plants in order to create a shortage of electricity.
Amiduffer 3 years ago
We need to have these people rounded up and shot into the sun then it's the only suitable punishment.
Membrane556 3 years ago
But there's no space program! They've starved it to death, almost. 8)
Amiduffer 3 years ago
/watch?v=9bl6eVFVYcs
ybworld 3 years ago
I already did. Frank is pretty cool.
Amiduffer 3 years ago
I had a rather fuzzy picture of the speculation-price spike connection. Thanks for the clear picture. Is there a politically viable action that can be taken to rectify this?
longlat39 3 years ago
There wasn't really room to show that, since there is great difficulty in getting truthful data, since the British offshore hedge fund system is protected from investigation. But when it is shown in the context of production and consumption, you can't really accept what is stated as the cause. The Italian parliament is debating a motion for a New Bretton Woods monetary system right now. Yes, there is a political solution, it just takes overcoming certain stubborn axioms about economics. 8)
Amiduffer 3 years ago
Speculators have caused prices to triple in 8 years. He showed us
1) A photo of a Bilderberg meeting...and?
2) A graph of demand and price over time...and?
3) A timeline of oil company mergers...again...and?
4) Said some choice words about how the Bilderbergers planned to raise oil prices...and...proof?
This gentleman has pointed out, supply and demand are non-answers to why gas prices have more than tripled in 8 years, see #2. Otherwise he has given us no useful information.
ybworld 3 years ago
How do you explain 7 of the largest oil companies merging in a matter of a couple of months then? Especially after the financial system was on the verge of complete meltdown. Sorry that I questioned Big Brother. I should go back to playing Quake now and be a good little German.
Amiduffer 3 years ago
The same way you explain large banking institutions being gobbled and swallowed up, or airlines, or tech companies (Netscape, Peoplesoft) or Telecom Companies (the 'new' AT&T) how about explaining your CONCLUSIONS
by
saying how (the cause and effect relationship) speculators cause the price of oil to go up and stay up and keep rising (I am 95% sure you CAN'T, but if you can at least we'll have a real conversation rather than argue)
and
SHOW ME THE MONEY! (lol...the data)
ybworld 3 years ago
And...the comment above yours is incorrect. So (again)
1) You have shown that the cause of price increases was something other than supply and demand (good job!)
2) You have not proven your belief speculators caused oil prices to go up.
(blah blah heard it on the news)
3) To properly demonstrate evidence for your belief, we need -) a theory and -) data to support it.
Think for yourselves and draw your own conclusions! Take care, everyone!
ybworld 3 years ago
More work certainly needs to be done. Making good videos is very difficult, especially on subjects like this! So, when are you going make your own video, since you seem to have all the answers. Show me how to make a proper video on a subject like this. Demonstrate what you know.
Amiduffer 3 years ago
My talent is in evaluating arguments. I will continue to do that. I have given you an exact model of a proper video on the subject, all you have to do now is make the video! If you could find supply and demand data for gasoline, I am confident you can find data + an explanation of how speculation can drive up the price of a commodity.
Note also that if speculators can successfully inflate the price of gas, they can do it for anything.
Wheat
Steel
Corn
Wood Pulp
Electricity
ybworld 3 years ago
So far, your talent is rather questionable. Anyone who puts cartoon ducks in his favorites as an authority on the economy doesn't impress me too much. Likewise, saying that Zeitgeist is what you follow, also makes he doubt your ability. All you had to do was follow what Enron did to California to see what speculation does. The food riots, also.
Amiduffer 3 years ago
Who said I follow anything? And if you watch the video you can see the genius of the person who uploaded it. That video explains an important concept in simple terms, and doing it with cartoons is just genius.
But...I'm tired of you, man. The only people who will be confused by you are people who cannot think critically. Your insults reveal either your hatred or your ignorance. Maybe you have low-self esteem, and need to tear others down by instulting them personally.
ybworld 3 years ago
Of course you are a follower. You're a liar if you say otherwise. I looked at the video, and I didn't see any genius. Just a typical enraged populist with no clue about economics and spouting the usual line about the Federal Reserve, which appeals to other clueless populists who all happily repeat the same mantra, as though repeating it a ga-zillion times is going to make the Fed magically disappear. In a case like that, ridicule is appropriate. I only care about my fellow citizens.
Amiduffer 3 years ago
Wow man, you caught me. Here I am, living in a town someone moved to before me, in an apartment someone told me about, using a computer someone showed me how to use, with a keyboard I learned to use, from someone else, on a website somebody told me about...chatting about a video someone else made. I guess I am a follower, I'm glad you told me that...enlightening.
ybworld 3 years ago
No, to be enlightened, you have to drop the cynical BS.
Amiduffer 3 years ago
Very good. I'm off to get you some more viewers.
usenetposts 3 years ago
Thank you Davey!
Amiduffer 3 years ago