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rob61872
B.V. Info-a-holic
Joined: Oct 10, 2001
Posts: 13667
Location: With JRZGRL
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 Posted: Thu Jun 26, 2008 2:08 pm Post subject: |
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| Personanongrata wrote: |
| rob61872 wrote: |
Bush will be gone in 7 months....
Move on. |
IMO, that is like saying, "Yes, your mother was raped and murdered, and the guilty persons weren't charged, but hey, move on."
Kind of sets a bad precedent... |
Not quite the same thing, it's like having your mother raped and murdered by a pack of people, and those guilty weren't charged, but spend years only trying to bring one of them to justice.
Bush is a politician, DC is full of scumbag politicians to attack, on both sides of the aisle, and who are to blame for the sorry state of the nation... For crying out loud, Ted Kennedy has been in the U.S. Senate 46 years, a year longer than JFK has been dead...
Between him, Robert Byrd, and up until 2003, Strom Thurmond and Jesse Helms, you have 4 members of the Senate none of whom served or continue to serve in the Senate for fewer than 30 god damn years each, with Byrd having been a memeber going on 50 years next year... BYRD HAS BEEN IN OFFICE 5 MONTHS LONGER THAN FIDEL CASTRO!!!!!!!!!!
Put it in perspective, this country didn't get f'ed up in one night on January 21st 2001, this has been decades in the making, perpetrated by people in both the legislative branch and executive branch, regardless of party affiliation... Sorry, but to sit here on this forum for 4 years doing nothing but bitching about 1 person in the government, seemingly blaming them for everything short of the bubonic plague, is asinine. It's not one person, and it's even more asinine to blame that person when that person is about to leave office, and all the others are gonna still be sticking around unless they die in office. You can try to claim Bush stole the elections, but if you're gonna do that, have fricken brains and balls to call it like it is and blame each and every politician who has supported getting rid of the paper trail in the first place.
Who has more power and influence, the politician who will be in office for a maximum of 8 years, or the politician who has been in office for nearly 50? It's not Bush that approved the Patriot Act, it's not Bush that approved going into Iraq, hell, Bush isn't even the one who can authorize a hike in pay.
This country has been totally bought by corporations, Congress is so far into the pockets of corporate America that they might as well start dressing like NASCAR drivers with all the corporate logos.
But hey, if you wanna continue on crying about ONE GUY for the last 4 years, even when he's leaving office, and a ton of the others are still in office, then be my guest. |
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"You can't trust freedom when it's not in your hands, and everybody's fighting for their promised land" |
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sungkathak
B.V. Lurker
Joined: Oct 08, 2001
Posts: 402
Location: USA
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| Posted: Sun Jul 06, 2008 11:11 am Post subject: 437. Manipulate oil price (9/20/2006) |
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1. The real reason of high oil price
No question the oil price is caused by speculators. Who are those speculators? The financial group which control US economy. They have to do so to avoid an economic collapse. The direct reason for the oil to jump from $90/barrel to $138 is because Iran abandons US dollars as oil trade currency. To block that petro-dollar going back to US, they have to raise the oil price. From this point of view, Iran war is unavoidable.
Here is an article I wrote two years ago.
437. Manipulate oil price (9/20/2006)
After Bush took the presidency, he created a huge budget deficit, and a huge trade deficit as well. The deficit will cause a big inflation. So Federal Reserve has to raise the interest rate to deal with it. In June 2006, the overnight interest rate was raised to 5.25%. The Federal 10 years treasury bill was 5.25% too. The 30 years fix mortgage rate reached its recent high: 6.93%. Although this rate is still low viewed from history, it touches off a down turn of the real estate market. Because the price of house is stretched too tight that a tiny increase of the mortgage rate will cause a big change.
Feds hold a large quantity of houses in my case, they tried their best to keep the property value. What we saw are: Federal Reserve stops its step to raise the interest rate. Oil price declined. The rate of bonds goes down. So does the mortgage rate. From June to September, the bench mark rate of Federal funds stays at 5.25%. The rate of 10 year treasury note drops to 4.73% from 5.25%. The 30 years mortgage rate is 6.44% now.
Today you only pay 4.73% interest rate for a ten years long term loan but have to pay 5.25% rate for an overnight loan. Does that mean there will be no inflation within ten years? Or even mean there is a deflation? With common sense you know it's impossible as long as the oil price doubled in one year. All these were done by Feds to protect their property value so you saw these strange phenomenon.
1. Oil price.
The result of a big trade deficit is that foreign countries hold a large amount of US dollar. When US has not enough goods or assets to exchange these dollars back, it has to think of a way to make these countries to keep the dollar instead of dumping it. One way is to push up the oil price.
A country which consumes one million barrel of oil a year has to keep 30 million dollars in bank (when oil price is at 30 dollars/ barrel) Then how much should it reserve if the oil price jumped from 30/barrel to 60/barrel? It has to double its dollar reserve to 60 millions. So large amount of dollars were locked up in bank as oil payment (Dollar is the appointed currency in oil trading.)
Now you know why the oil price jumped so high. It is used to solve the deficit problem of US. To delay the US financial crisis. Who benefit from it?
(1) Oil export country.(Though much of them are Islamic countries which US dislike. There is no choice.)
(2) Speculator (mostly oil groups). They bought in large quantity of future contracts in a short period. Say, from 30/bar to 60/bar, the average price paid was 45/bar. Then when the market was steady at 60/bar to 75/bar, they sold it at average of 67.5/bar. Their profit is 22.5/bar.
(3) Federal Reserve and US economy. Federal Reserve can avoid to pay a high interest rate in order to lure the dollar in. US can avoid a financial crises.
The loser is always the average people. They have to take the final cost - a higher gas price.
But it's a double side sword. High oil price will also cause inflation to force the rising of interest rate. When it endangers real estate market, then we saw a dramatic decline of oil price. (from 75/bar/Aug 3 to 60/bar/Sept 19, a 20% decline in 6 weeks.) After all, the interest of Feds, is above everything else.
To keep in mind that when the oil price went up this year, it's not that oil supply was in shortage. And when the oil price drops recently, it's not that there is less demand. It's not a market economy any more. It's an artificial manipulating market.
Greenspan knew it. But he could only say what he was allowed to say.
Quote, "The former Fed chief also detailed how investors, rather than users of oil, have come to set the price of oil through purchasing futures contracts." |
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ralf1986
B.V. Lurker
Joined: Dec 22, 2006
Posts: 62
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| Posted: Mon Jul 07, 2008 8:17 am Post subject: |
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"The loser is always the average people. They have to take the final cost - a higher gas price."
My question is:
Why, in the holy sky, do the americans nothing against this Problem?
Revolution, rebellion or so on to act in europe many times. =) .
"Worse than to be blind is not try to see" (W. I. Lenin) <--- The best!!!!!!! |
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ralf1986
B.V. Lurker
Joined: Dec 22, 2006
Posts: 62
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| Posted: Mon Jul 07, 2008 8:18 am Post subject: |
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| please correct my if my english is wrong, anytime. Thanks. |
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ufosrcool
B.V. Lurker
Joined: Jan 11, 2002
Posts: 36
Location: Tennessee
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| Posted: Tue Jul 08, 2008 4:54 pm Post subject: |
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| If Mccain gets it, does anyone think it'lll just be Bush 2.0? |
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ralf1986
B.V. Lurker
Joined: Dec 22, 2006
Posts: 62
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| Posted: Thu Jul 10, 2008 5:56 am Post subject: |
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"If Mccain gets it, does anyone think it'lll just be Bush 2.0?"
LOL, Bush and McCain are the same fucking asholes.
Busch = McCain
OBama = JFK  |
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ralf1986
B.V. Lurker
Joined: Dec 22, 2006
Posts: 62
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| Posted: Thu Jul 10, 2008 6:12 am Post subject: |
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| The question is: "Who likes Bush?" Nobody! |
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Personanongrata
B.V. Info Seeker
Joined: Dec 31, 2007
Posts: 1796
Location: NAU
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| Posted: Thu Jul 10, 2008 10:06 am Post subject: |
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| ralf1986 wrote: |
| The question is: "Who likes Bush?" Nobody! |
You tell 'em, ralf!  |
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_________________
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"The obstacle is the path." -- Zen Proverb.
"**ck it, we'll do it live." -- Bill O'Reilly.
"...................................." -- Harpo Marx. |
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BloodStone
B.V. Info Seeker
Joined: Apr 29, 2005
Posts: 1834
Location: Poconos, USSA
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| Posted: Fri Jul 11, 2008 9:05 pm Post subject: |
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Now that is funny. Obama couldn't hold JFKs' jockstrap. JFK had principles,Obama does not.
McCain is not Bush, he has his own agenda just like the rest of them.You guys all seem to think Bush is running for 08 election. His name is John McCain.
How is McCain like Bush? cause he doesn't want to raise taxes? Cause he wants us to leave Iraq a safer place? Cause he wants to hold countries accountable for terrorism? Cause he wants the American people to be safe?Cause he wants us to be energy independent ?
If thats the case then hell yes I'll vote for him!
You guys will have to lose this Bush hater mentality soon. Hope you are able to let it go ? Remember the new name will be John McCain,not Bush make sure you start practicing so as not to confuse you're new President with the last.
BloodStone... |
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If it were raining hookers, I'd get hit by a fag. |
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sungkathak
B.V. Lurker
Joined: Oct 08, 2001
Posts: 402
Location: USA
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| Posted: Wed Jul 16, 2008 10:55 am Post subject: 2. How US takes advantage on Petro-dollars? It is a long ter |
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2. How US takes advantage on Petro-dollars? It is a long term loan without interest.
US printed some paper in green, call it dollar. US buys clothes, shoes from other countries with dollars. Other countries then buy food, planes from US with the dollars they earned. That's normal trade. But petrol dollar is different. When US pay dollar for some merchandise from other country, the other country use it as payment in oil trading. Since oil trading needs large amount of money, and dollar is apointed as trading money, huge amount of money are reserved in bank for oil trading. That is petro-dollar. That's how US turns a piece of paper into a long term non interest loan bill.
It is just like US bought a house from Japan for one million dollars. Japan keeps that money in bank as payment for oil. Normally, US has to pay monthly mortgage for that house. But with petro dollar, US enjoys a house almost free. All its cost is the printing of green paper. US doesn't have to pay a penny of interest, as long as the principle. How long is that long term loan? As long as the dollar is appointed oil trading currency.
But now is different, Iran refuses to accept dollars. Japan has to change it into other currency. Theoretically, US has to take it back by merchandise. But US can't. It has a trade dificit already. US also has no enough gold or foreign currency reserve to exchange the petro- dollar back. What it does is to push up the oil price - let other countries to absorb the petro-dollar Japan dumped in the market.
US is a rich country. Partly because it enjoys a long term non interest loan. As oil trading is a big business, what a huge amount of money is locked in it? Or in another word, what a big debt US has had? Since US spent too much and hasn't save something, when others want it to pay the debt, a trick to avoid payment is to push up the oil price. And the next step, as we all see, is to justify an excuse to have a war on Iran. |
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BloodStone
B.V. Info Seeker
Joined: Apr 29, 2005
Posts: 1834
Location: Poconos, USSA
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| Posted: Wed Jul 16, 2008 10:04 pm Post subject: |
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| The question is: "Who likes Bush?" Nobody! |
Speak for yourself. I think He has done a good job as President .He came at a time when we needed it.He has held the terrorists accountable. I'm sure Kerry,and Gore would have been much worse.
and once more when we are done with the next election,you naysayers will be beggin for Bush to come back.
BoloodStone... |
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If it were raining hookers, I'd get hit by a fag. |
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Personanongrata
B.V. Info Seeker
Joined: Dec 31, 2007
Posts: 1796
Location: NAU
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| Posted: Thu Jul 17, 2008 3:26 pm Post subject: |
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Yes, the extraordinary timing of He Who Shall Save Us From Terrorism is quite auspicious... or suspicious... or something.  |
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_________________
__________________________________________
"The obstacle is the path." -- Zen Proverb.
"**ck it, we'll do it live." -- Bill O'Reilly.
"...................................." -- Harpo Marx. |
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BloodStone
B.V. Info Seeker
Joined: Apr 29, 2005
Posts: 1834
Location: Poconos, USSA
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| Posted: Fri Jul 18, 2008 3:52 am Post subject: |
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| Yes, the extraordinary timing of He Who Shall Save Us From Terrorism is quite auspicious... or suspicious... or something. |
Oh I know ! With the NWO taking over and everything. Friggan loon.  .
BloodStone... |
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If it were raining hookers, I'd get hit by a fag. |
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Personanongrata
B.V. Info Seeker
Joined: Dec 31, 2007
Posts: 1796
Location: NAU
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| Posted: Sat Jul 19, 2008 6:19 am Post subject: |
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| BloodStone wrote: |
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| Yes, the extraordinary timing of He Who Shall Save Us From Terrorism is quite auspicious... or suspicious... or something. |
Oh I know ! With the NWO taking over and everything. Friggan loon. .
BloodStone... |
Look out, there's a terrorist behind you!  |
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_________________
__________________________________________
"The obstacle is the path." -- Zen Proverb.
"**ck it, we'll do it live." -- Bill O'Reilly.
"...................................." -- Harpo Marx. |
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BloodStone
B.V. Info Seeker
Joined: Apr 29, 2005
Posts: 1834
Location: Poconos, USSA
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| Posted: Sat Jul 19, 2008 9:11 am Post subject: |
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I'm not really that worried about terrorists where I am.
Not to mention we have a president that isn't afraid to go after them either. soooooo?
Thanks for lookin out for me though.
Have you checked on the brace holding the sky up lately? 
BloodStone... |
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If it were raining hookers, I'd get hit by a fag. |
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