satpak77
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- Joined
- Dec 2, 2003
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Opinionate please. This is not a bash United thread, altho by appearances it looks like that.
Legit discussion. Will UAL be the first "legacy" to fall victim to these out of control oil prices, failing overall economy, etc?
Shut down soon? When?
Opinionate please. This is not a bash United thread, altho by appearances it looks like that.
Legit discussion. Will UAL be the first "legacy" to fall victim to these out of control oil prices, failing overall economy, etc?
Shut down soon? When?
"Speculators" include the folks that manage funds for retirement and 401K plans. They are joining everyone else in looking for a hedge against the falling dollar. If the dollar is not a stable measure of value, then maybe oil is the best substitute.Sad that speculation in the market for oil is the major cause for all of this disruption. If the gov't can get some control over the trading of options/commodities that invlove oil futures it might stabilize things and lower the price of oil/gas big time! That what Im hoping for anyway!
"Speculators" include the folks that manage funds for retirement and 401K plans. They are joining everyone else in looking for a hedge against the falling dollar. If the dollar is not a stable measure of value, then maybe oil is the best substitute.
Whatever becomes the standard of value increases in value. We had the Gold standard, the dollar standard and currently the oil standard. We could commoditize door knobs and they would increase in value.
The "speculators" are merely the messenger. The message is that Bush's war and economic policies are pushing a structurally bankrupt currency over the edge.
If you shoot the messenger, another messenger is going to show up in another location. The solution is to fix the dollar by accepting the reality that we can't afford what we are doing.