Business Week: Double Digit Inflation in 2009 (bye bye more jobs)

[lowecur]

Your Elected Officials At Work

Think your elected officials have yours and your country's interests at heart. Take a look at the article in the Wash Post about Swiss Energy Trader, Vitol. They did 11% of the business that is under the watchful eye of the CFTC at the NYMX. Vitol is a private firm, and we have no way of knowing who their clients are, but it doens't take a genius to figure out the major oil producers around the world are probably at the head of the table.

Goldman and Morgan Stanley have a subsidiary called ICE that does the same thing. Vitol and ICE will be major investors of a new CFTC-unregulated exchange in Dubai. That's great, the price of oil will be determined in the middle east, and if Russia doesn't feel it's getting the most bang for it's buck on oil trading there, it can just continue to escalate these conflicts until eventually the price of oil will trade where they want it to. What a way to slowly put the US on the back burner, as these 3rd world dictator and police states control commodity prices.

And yes, it all effects the airline business' in the free world.

imp:

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http://www.washingtonpost.com/wp-dyn/content/article/2008/08/20/AR2008082003898.html?hpid=topnews​

 

[AA717driver]

This thread got a whole lot better after post #39.

IndyFA, Lowcur, the guy with the Audi TDi car in his avatar (sorry, serious lust, didn't get your name... )--all put a piece of the puzzle together.

The strings on our lives are being pulled by people behind the curtain all over the world. It's ALL about money--personal enrichment and NOTHING about doing the right thing for your constituents and neighbors.

The goal of those in power is to push the middle class down as close to the lower class without crashing the system. (These are the same people who have crashed the system before--S&L, Enron, Global Crossing, Mortgage Crisis, etc.) They didn't know when to say when before and they still don't.

In 1994, they realized it will take more to distract us than sports and cheap beer. Now, we're so deep in debt that we don't have time to think, let alone analyze why we're in this mess.

Like ACL65Pilot, I'm looking for my exit strategy. I don't think the Bahamas are far enough away... TC

 

[Raskal]

^^

I dunno, Canada's looking real good lately...they just enjoy their beer and the fact that the whole planet likes 'em. They're kind of like Stifler.

 

[lowecur]

This thread got a whole lot better after post #39.

IndyFA, Lowcur, the guy with the Audi TDi car in his avatar (sorry, serious lust, didn't get your name... )--all put a piece of the puzzle together.

The strings on our lives are being pulled by people behind the curtain all over the world. It's ALL about money--personal enrichment and NOTHING about doing the right thing for your constituents and neighbors.

The goal of those in power is to push the middle class down as close to the lower class without crashing the system. (These are the same people who have crashed the system before--S&L, Enron, Global Crossing, Mortgage Crisis, etc.) They didn't know when to say when before and they still don't.

In 1994, they realized it will take more to distract us than sports and cheap beer. Now, we're so deep in debt that we don't have time to think, let alone analyze why we're in this mess.

Like ACL65Pilot, I'm looking for my exit strategy. I don't think the Bahamas are far enough away... TC

Read something interesting on the CFTC. Seems there are 5 commissioner's appointed by guess who? Yeah, GW, with the Senate confirming one of them as Chairman. You think it's just a coincidence that the CFTC, GW, energy czar are all saying it's just supply and demand driving the price of oil?

Sure we need to drill at this point, but we also need all the other options available including having officials who are not skewing the price of oil for the benefit of special interests. Nobody seems to have the total interest at heart of this great nation, and that's where gov't has failed us.

One thing is for sure, we are headed for a deep recession or depression, and all of these people are complicit for putting the special interests ahead of the good of this country.

imp:​

 

[zonker]

All they have to do is pander to the fundamentalists again. You know, the morons that think the earth is 6000 years old.

Wave the anti-gay and anti-abortion flags, question his patriotism and voila, another four years of McBush.

 

[Smarta$$]

And yet you republicans won't acknowledge that our economy is failing, and doing so under a long term republican administration. Some how, you think that the same policies that got us into this mess will somehow make everything great under mccain.

 

[Bai B Nai]

You guys need to check out Peter Schiff's brokerage
http://www.europac.net/
He has all sorts of foreign investment vehicles that will help you protect your wealth. His firm is a full service brokerage that specialize in foreign investing, as well as commodities.
Inflation will be the big bear in these coming years.

If you don't want to switch brokerages, then tell your current financial adviser (if you have one) that you no longer want to invest in dollar dominated assets. Most of them will look at you like you're crazy, but once you explain that you are deathly afraid of inflation, you might be able to plot a sound strategy.

As far as exit plans, many people become afraid when this discussion begins. However, it's always smart to be prepared. Lots of countries offer dual citizenships, etc.

"To be fore warned, is to be fore armed."

 

[climbhappy]

the consumer is obviously broke... look at what happened to oil prices once everyone changed their habits.

that said, We fuel china's economy too much not to have their cooperation.

We can't spend 490 billion a year we don't have... can't do it.... Look for IOUSA soon at your theatre... saw a preview on late night talk and this might be the wake up call for joe american. throw the bums out & enact term limits... it's the only way our system will survive

 

[AA717driver]

And yet you republicans won't acknowledge that our economy is failing, and doing so under a long term republican administration. Some how, you think that the same policies that got us into this mess will somehow make everything great under mccain.

Got us into this mess? This started with the Robber Barons in the late 1800's.

The 16th Amendment. The creation of the Federal Reserve. Leaving the Gold Standard. What we're seeing is the CULMINATION of decades of backroom deals and 'big-picture' plans.

"Haliburton and Cheney" are a pebble on the side of the Mt. St. Helen's of corruption and selling out this country.

It's BOTH parties (and you could probably implicate some Whigs and Federalists, too if you went back far enough...) and no parties. Those complicit in the destruction of the dream of the United States of America have no party loyalty--they have the big picture.

Educate yourselves. TC

 

[zonker]

Got us into this mess? This started with the Robber Barons in the late 1800's.

The 16th Amendment. The creation of the Federal Reserve. Leaving the Gold Standard. What we're seeing is the CULMINATION of decades of backroom deals and 'big-picture' plans.

"Haliburton and Cheney" are a pebble on the side of the Mt. St. Helen's of corruption and selling out this country.

It's BOTH parties (and you could probably implicate some Whigs and Federalists, too if you went back far enough...) and no parties. Those complicit in the destruction of the dream of the United States of America have no party loyalty--they have the big picture.

Educate yourselves. TC

Couldn't agree more.

But one thing we can stop is the idea the military intervention is the answer to all of our problems.

People aren't angry enough, though. They forget. They bury thousands and then they let it go.

It's sad.

 

[Bai B Nai]

"Pebble on the side of Mount St. Helens." I'm gonna use that line again someday, somewhere. Love it.

Of course, you're too young to remember when St. Helens blew in 1980.

 

[BoilerUP]

Of course, you're too young to remember when St. Helens blew in 1980.

Me? Yeah, wasn't born yet.

TC? Pretty sure he was around...

 

[AA717driver]

Bai--I was a senior at Butler U. when St. Helen's went off AND I had my commercial license when the picture in your avatar happened. Although I wasn't at the game.

NOW, I just heard "investors are concerned because the drop in demand experienced in the U.S. may spread to the rest of the world". Boo-friggin' hoo!

What, is Goldman afraid they won't make their billions on their futures contracts? Don't worry, your politicians will bail them out. :angryfire

TC

 

[waveflyer]

AA-
all that since the 1800's was the most ridiculous excuse i've heard yet. We've had the greatest standard of living yet- and the latest corruption is not insignificant.
But hey -- when you're caught supporting the corrupt, just point out how the world's been corrupt for a while and that makes it alright...
good lord...
educate yourself, sir and stop supporting those that do NOT support us.