As I understand it, Hedge Funds, are not accessible to most Americans. These are funds that are barely regulated by the Feds, and only the wealthy are engaged in this kind of trading. Hedge Funds, as I understand them, are exclusively the province of wealthy investors and corporations.
Trading Frenzy Adding to Rise in Price of Oil
"A global economic boom, sharply higher demand, extraordinarily tight supplies and domestic instability in many of the world's top oil-producing countries — in that environment higher oil prices were inevitable...."
"...On Nymex, oil contracts held mostly by hedge funds — essentially private investment vehicles for the wealthy and institutions, run by traders who share the risks and rewards with their partners.."
Be aware of this...the Wealthy are making fortunes off of rising oil prices. It is in their best interest to keep prices soaring...after all, they don't have to worry about disposable income or how much it costs to fill the tank.
The United States of America is in dire economic straights. WE are told quite often that we have a 'strong economy' and a rising Gross Domestic Product (GDP), however, these statements only reflect the financial growth of corporations and the wealthy elite, they have NOTHING to do with the ordinary American. Ordinary Americans are begining to hurt, big time and it has only started. Rising fuel prices are not going to ease, a lie perpetrated by mass media and our politicians. Fuel prices are going up and along with them will be EVERTHING else. Everything. Food, clothing, utilities, housing, household goods, appliances, everything.
"... “The United States is now facing a current account deficit that cannot be sustained, a falling currency, and an energy crisis, all at once. It is now the world's largest debtor nation, and most people do not see how it can avoid defaulting on its debt. According to a lot of analysts, it is technically bankrupt, and is being propped up by foreign reserve banks, which hold a lot of dollar-denominated assets, and, for the time being, want to protect the value of their reserves. This game can only go on for so long. Thus, while the Soviet Union deserves honorable mention for going bankrupt first, the gold in this category (pun intended) will undoubtedly go to the United States , for the largest default ever.”..."(Dmitry Orlov, Post-Soviet Lessons for a Post-American Century.)
At some point every American is going to realize that we have been sold down the river by both of our political parties. Thereafter, I expect politicians will be hunted like rabid skunks.
After you read that, go to Mike Ruppert's new column.
THE PARADIGM IS THE ENEMY: The State of the Peak Oil Movement at the Cusp of Collapse
A Speech by Michael C. Ruppert for the Local Solutions to the Energy Dilemma Conference
April 27-29, New York City, at Cooper Union
He does an Excellent job in pointing out the fallacies and dangers we now face. Regarding his statement about 'do we Americans think we are special and that catastrophe cannot befall us as it has every civilization'? I fully realize that few Americans really understand this truth. Do you?
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