Wednesday, September 17, 2008

The Real Reason Commodities Are Tumbling

5 comments:

Rice Farmer said...

Paulson May Propose Plan To Take Over Bad Debts

http://www.cnbc.com/id/26779080

This is just too much. The US government is flat broke. Of course all this bailing out and taking on of bad debts is done with borrowed money. What a joke. Just watch. The day is not far off when the US will tell all the creditors lined up outside its door to go home empty-handed. And I'm sure that is the plan. With the industrial/consumer economy now on the decline, no rational person would believe that those debts will ever be repaid.

BTW, it's heartening to be hearing from MCR frequently again.

Rice Farmer said...

Mideast to Cut Oil Investments If Prices Dip Below $80/Barrel

http://www.rigzone.com/news/article.asp?a_id=66815

But oil has to get much cheaper if it is to benefit the economy. There's a real tug-of-war here between the importers, who want to get oil down below $80, and exporters, who need to keep oil more expensive to support their own development and fund social programs.

Mark said...

The day is not far off when the US will tell all the creditors lined up outside its door to go home empty-handed. And I'm sure that is the plan.

And to "pay off" these unmanageable public debts, expect to see public lands, resources, and institutions sold off for pennies on the dollar. National forests, national monuments, public parks, the Smithsonian, all to be owned by Globalcorp.

Ryan said...

Micheal... I'm sure you'll hear about this from your own sources, but...

http://www.russiatoday.com/news/news/30312?gclid=COXv3sO34pUCFQSPFQodfHnKfQ

Elaine said...

The plan to increase the dollar was hatched back in March 2008 by US, Europe, and Japan central banks:
U.S., Europe, Japan drafted dollar intervention plan: report

Here's a more in-depth article about dollar manipulation:
The Great Dollar Pump of 2008