VIDEO: Sen. Sanders explains his bill that would force the Commodity Futures Trading Commission to end excessive speculation: http://youtu.be/CWgxWSkXFdQ
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- Absolutely, we're always dependent upon some commodity. It becomes an issue only when those commodities are delivered by a powerful monopoly. In the case of transportation, we're dependent upon cars only because there's not an alternative. The Federal Government had little role in providing transportation prior to the 1950s, and as with any monopoly we're seeing the negative impacts associated with a reduction in choices. Either way, people do have a choice, we're not sheep. I don't care the cost of gas, because I bike to work. Also, I know that more expensive fuel makes alternative look more attractive, and more efficient vehicles more popular. (there was a lot of analysis around 2006-2007 comparing the little CAFE standards accomplished compared to just higher energy costs regarding Americans purchasing fuel efficient vehicles). I believe many of the issues we face today derive from the Government's role in trying to solve everything. We probably be better off if there wasn't an energy policy, costs associated with energy and transportation choices were transparent and not subsidized. Gas is expensive, in all sorts of ways, including pollution. And the rest of the world is consuming more of it, which is what the market "speculators" are responding to... now a populist politician may say it's not fair for Americans to pay more for energy, but that may be a reality. Who is he to dictate the market price for fuel? I'd trust a group of commodity traders before I'd trust Congress.Mar 22, 2012
- BOBBY THE COWBOY
A cowboy named Bobby was overseeing his herd in a remote mountainous pasture in Montana when suddenly a brand-new BMW advanced toward him out of a cloud of dust.
The driver, a young man in a Brioni® suit, Gucci® shoes, RayBan® sunglasses and YSL® tie, leaned out the window and asked the cowboy, "If I tell you exactly how many cows and calves you have in your herd, will you give me a calf?"
Bobby looks at the man, who obviously is a yuppie, then looks at his peacefully grazing herd and calmly answers, "Sure, why not?"
The yuppie parks his car, whips out his Dell® notebook computer, connects it to his Cingular RAZR V3® cell phone, and surfs to a NASA page onthe Internet, where he calls up a GPS satellite to get an exact fix on his location which he then feeds to another NASA satellite that scans the area in an ultra-high-resolution photo.
The young man then opens the digital photo in Adobe Photoshop® and exports it to an image processing facility in Hamburg, Germany ...
Within seconds, he receives an email on his Palm Pilot® that the image has been processed and the data stored. He then accesses an MS-SQL® database through an ODBC connected Excel® spreadsheet with email on his Blackberry® and, after a few minutes, receives a response.
Finally, he prints out a full-color, 150-page report on his hi-tech, miniaturized HP LaserJet® printer, turns to the cowboy and says, "You have exactly 1,586 cows and calves."
"That's right. Well, I guess you can take one of my calves," says Bud.
He watches the young man select one of the animals and looks on with amusement as the young man stuffs it into the trunk of his car.
Then Bobby says to the young man, "Hey, if I can tell you exactly what your business is, will you give me back my calf?"
The young man thinks about it for a second and then says, "Okay, why not?"
"You're a Congressman for the U.S. Government", says Bobby.
"Wow! That's correct," says the yuppie, "but how did you guess that?"
"No guessing required." answered the cowboy. "You showed up here even though nobody called you; you want to get paid for an answer I already knew, to a question I never asked. You used millions of dollars worth of equipment trying to show me how much smarter than me you are; and you don't know a thing about how working people make a living - or about cows, for that matter. This is a herd of sheep.
Now give me back my dogMar 22, 2012
- Cost prices on goods will always go up and down due to supply and demand, but when you have speculation betting it will go up and down, then supply and demand stop working the way it should, and the sale price of the good may become exagerated to serve the bubble the stock prices form.
With decreasing reserves of crude, and the oil companies demanding similar profit margins, gas prices will never drop very low, and thus oil company stock prices will not drop either, but the stock always has the chance to become very high due to speculation increasing demand and driving them to that level.Mar 22, 2012
- Make people take possession of the commodities, and do not let them sell until they do.Mar 22, 2012
- People just expected to have good results on your project and that demand is resiproca for the good of all.Mar 22, 2012
- photo is very good if full face this is president him selfMar 24, 2012