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Oil and grain prices are being driven by the same investment banks the Fed bailed out

by Viking <noway@[EMAIL PROTECTED] > May 8, 2008 at 12:20 PM

Remember the hundreds of billions the Fed made available, at your
cost, to the big banks at extremely low interest rates? What are the
big banks doing with that money?

They (investment banks, mutual funds run by big financial firms, hedge
funds, and so on) are  investing it. The stock market is flat, so
they've turned to commodities like oil and grain--hundreds of billions
of dollars have poured into the market, and the result of that
speculation has driven prices up wildly.

The Fed has driven down interest rates to be able to give endless
cheap money to the big banks, which has driven down the dollar--which
makes oil far more expensive. But even worse, the money given to the
big banks is pouring into commodities like oil and grain, skyrocketing
prices.

Once again, the overlords are strangling you. They're stealing money
from you to give to the big banks, and (because the stock market is
flat and interest rates are so low they can't make any money investing
in financial markets) that money is pouring into the commodities
market, sending prices sky high.

So the money is being stolen from you by the Fed and then being used
to drive oil and grain prices sky-high--stealing from you again, in
the interest of maing the banks richer (as investors in oil and grain,
as well as in oil and grain futures, they profit when prices soar)..




 2 Posts in Topic:
Oil and grain prices are being driven by the same investment ban
Viking <noway@[EMAIL P  2008-05-08 12:20:57 
Re: Oil and grain prices are being driven by the same investment
Turin <TurinTurambar.1  2008-05-08 13:59:17 

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tan12V112 Sat May 17 21:28:49 CDT 2008.