Once again, to show the idiocy of people's utter lack of understanding of economics, let alone commodity markets, and let alone the forces of supply and demand, I post this chart showing that in addition to;
Big Oil
Big Wheat
Big Corn
Big Tobacco
Big Pharmaceuticals
Big Copper
Big Tungsten
Big Palladium
we have...
BIG RICE!!!!!
It's that damn George Bush trying to screw us over as much as possible before he leaves.
Sadly, some people really do think that.
5 comments:
I do think G Bush and company do have something to do with it. Our fiscal policies (including clinton, bush senior) has run our debt so high that our dollar is deflating so quick that we have "dollar" inflation.
The federal government needs to spend less, pure and simple. Lower the debt.
Also, the BS they feed us on core inflation rates is sickening. The media, wall street, main street et al buy this fictitious number hook line sinker.
It would be interesting to see the population growth in may of those countries.
So yields are still going up but at a moderating rate. Isn't this to be expected as the natural state of affairs?
http://mises.org/story/2940
This is the best link you'll ever see in your life about "big oil."
Economics aside, I don't see why the USA doesn't simply buy it's oil like Walmart buys from it's suppliers...tell them how much you're willing to pay, take it or leave it. Do you really think these oil suppliers are going to walk away from all that money? Not a chance!
Post a Comment