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March 16th, 2012
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#81 | ||
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Administrator
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Quote:
Again, it is important to distinguish speculation from swindling, and the nazis and other socialists do not do that. Swindling is crime. Quote:
We need a two-part revolution, just as Ernest Rohm called for but with the economic revolution being, for lack of better word libertarian rather than socialist. A political revolution, freeing the Whites. A libertarian revolution, freeing the men (with men including women, as used to be of course). That's something new in the world. |
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March 16th, 2012
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#82 | |
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Administrator
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The entire 20th century refuted your ideas. |
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March 16th, 2012
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#83 | |
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Banned
Join Date: Nov 2011
Location: The Heart of Dixie
Posts: 13,170
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Quote:
I'm a racially-cognizant socialist. One race for one race. United we stand, divided we fall. |
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March 16th, 2012
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#84 |
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Senior Member
Join Date: Jun 2009
Posts: 4,006
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All socialism is a product of anti-rational, anti-objective views. German Idealism was the anti-rational basis for the statism of the twentieth century.
"Idealism" means Platonism, and Plato was the first intellectual commie. German philosopher Hegel's Dialectical Idealism became Marx's Dialectical Materialism. German philosopher Immanuel Kant's views formed a major part of the basis of American Transcendentalism. German Idealism was the foundation of American Pragmatism. Pragmatism was sold as hard-headed realism, but was in fact pure mysticism. ("Reality can be bent" is actually part of Pragmatism.) Above all else, it was the successful attack on reason that paved the way for the state-worship of the twentieth century. American intellectuals went twice to Germany in the nineteenth century- early, and later. They brought home a shopping basket full of intellectual filth. Not all shit comes from jews. |
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March 16th, 2012
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#85 | |
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Administrator
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Quote:
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March 16th, 2012
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#86 | |
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Banned
Join Date: Nov 2011
Location: The Heart of Dixie
Posts: 13,170
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Quote:
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March 17th, 2012
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#87 |
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Banned
Join Date: Mar 2012
Posts: 2,158
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Oil prices are inflated by speculation on the commodities exchange.
The scam is that very little oil actually moves through the commodities exchange. Most Western capitalist countries get their oil from large oil companies that control every facet of the operation. A large company like Shell can transfer oil from their oilfields in Nigeria, to a Shell refinery, by selling the oil privately, between their own subsidiaries. Asian countries tend to negotiate long-term trade agreements directly with the oil-producing countries. China is buying more oil from Africa and Venezuela. And they sign these deals the old fashioned way, using bribery, diplomacy, and the promise of arms sales and investment. The demand for oil futures that determines the spot price, is due to China's economy growing faster than they can negotiate these private sales. Another factor is weather. When a cold spell forces Japan to import more heating oil than they had bargained for, they might have to buy some at the spot price. But most oil we consume on a daily basis, is not traded on the commodities exchange, and never sells for anything near the current spot price of ~$100/barrel. For oil companies to unanimously price their gasoline according to the spot price is collusion. |
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March 22nd, 2012
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#88 | |
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Senior Member
Join Date: Jun 2006
Posts: 851
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Quote:
In a speech made today, Obama blamed Iran for the high gasoline prices. Pres. Obama's speech in Cushing, OK "The main reason the gas prices are high right now is because people are worried about what’s happening with Iran. It doesn’t have to do with domestic oil production. It has to do with the oil markets looking and saying, you know what, if something happens there could be trouble and so we’re going to price oil higher just in case." |
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March 22nd, 2012
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#89 |
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Banned
Join Date: Nov 2011
Location: The Heart of Dixie
Posts: 13,170
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The high cost of gasoline has actually caused America's oil consumption to steadily decrease ever year since 2008, yet prices have steadily increased in the U.S. during that same period, despite the fact that domestic oil production has increased to record output in the past few years.
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March 23rd, 2012
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#90 |
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Administrator
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March 23rd, 2012
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#91 | |
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Banned
Join Date: Nov 2008
Posts: 167
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Quote:
Blaming Iran for the rise in energy prices is part of the agenda to demonize Iran that's going on at the moment. Have hemorrhoids? Blame Iran...Acne? Blame Iran....aching muscles? Blame Iran... What's going on is a Jew designed, Jew created (yes, all the Iran Sanctions/embargo legislation was introduced by Jewish Congress folk). And it's straight out of Chapter II of the Protocols of the Elders of Zion, which says that for the most part, war would be carried out primarily on an economic level, or fought by the goyim, Jews pitting one country against another in other chapters of the Protocols. |
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March 23rd, 2012
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#92 |
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Senior Member
Join Date: Jun 2006
Posts: 851
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Obama blames high gas prices on Iran [again]
"'Right now the key thing that is driving higher gas prices is actually the world's oil markets and uncertainty about what's going on in Iran and the Middle East,' Obama said in an interview with AAA. 'And that's adding a $20 or $30 premium to oil prices, and that affects obviously gas prices.'" |
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March 25th, 2012
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#93 |
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Banned
Join Date: Mar 2012
Posts: 2,158
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Oil companies price oil and gasoline according to the "spot price". The spot price is what it costs to purchase oil or gasoline on short notice, through the commodities exchange. This is a fraud become most of the oil we consume never enters the commodities market. Large oil companies don't just produce oil. They also own oil tankers, oil refineries, and gas stations and manage these operations so that they don't need to buy oil at the "spot price".
Other countries that are not big players in the oil industry will negotiate their oil purchases directly with oil-producing countries. The commodities exchange only comes into play when China or some other country needs more oil than its suppliers can deliver, forcing them to meet fill the immediate demand by buying oil at the spot price. Most of the "demand from China" is due to China's economy growing at about 10%, and their demand for oil growing faster than they can make the necessary investments and trade deals to deliver the additional oil. In the real world, buying your oil on short notice is extremely impractical, because it can take months for oil to travel from the wellhead to the gas pump. It is also crucial to national security to have a stable oil supply and the idea that the whole world operates in the same market is false. Also, because only a small amount of oil is offered for sale on the commodities exchange, it is much easier for speculators to corner the market and inflate the price than if this market was handling all 85 million barrels that is consumed each day. Bottom line is oil companies should be competing at price, and the practice of pricing all oil and gasoline according to the "spot price" is a fraud. |
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March 25th, 2012
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#94 |
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Banned
Join Date: Mar 2012
Posts: 2,158
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Oil companies price oil and gasoline according to the "spot price". The spot price is what it costs to purchase oil or gasoline on short notice, through the commodities exchange. This is a fraud become most of the oil we consume never enters the commodities market. Large oil companies don't just produce oil. They also own oil tankers, oil refineries, and gas stations and manage these operations so that they don't need to buy oil at the "spot price".
Other countries that are not big players in the oil industry will negotiate their oil purchases directly with oil-producing countries. The commodities exchange only comes into play when China or some other country needs more oil than its suppliers can deliver, forcing them to meet fill the immediate demand by buying oil at the spot price. Most of the "demand from China" is due to China's economy growing at about 10%, and their demand for oil growing faster than they can make the necessary investments and trade deals to deliver the additional oil. In the real world, buying your oil on short notice is extremely impractical, because it can take months for oil to travel from the wellhead to the gas pump. It is also crucial to national security to have a stable oil supply and the idea that the whole world operates in the same market is false. Also, because only a small amount of oil is offered for sale on the commodities exchange, it is much easier for speculators to corner the market and inflate the price than if this market was handling all 85 million barrels that is consumed each day. Bottom line is oil companies should be competing at price, and the practice of pricing all oil and gasoline according to the "spot price" is a fraud. |
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March 26th, 2012
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#95 | |
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Senior Member
Join Date: May 2009
Posts: 2,433
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Quote:
 This "premium" is at the root of a lot of the bull shit regarding prices. How many "crises" have resulted in these huge "premiums"? Answer: A lot. Middle East shit since the 70s, every major storm in the Gulf of Mexico or Atlantic, pipeline problems, etc., etc. How many times has the actual aggregate supply of oil been materially affected as a result of one of these "crises"? Answer: Hardly ever. The only time I'm actually aware of a major disruption occurring was when OPEC countries embargoed sales to the Jew Ass Aye in 1973 as a consequence for its support of Izzyrail. That's 40 years and trillions upon trillions of dollars of "premiums" ago. These "premiums" based upon possible miniscule aggregate disruptions to supply aren't based upon anything real. They are the result of the tail wagging the dog. In this case, a few speculators who never will take the delivery of one barrel of oil are setting obscene "premiums" allowing for grotesque and undeserved windfalls for oil companies and oil exporting countries. |
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March 26th, 2012
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#96 |
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Banned
Join Date: Mar 2012
Posts: 2,158
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This instability in the Middle East only affects the spot price. The spot price is what it costs to buy oil available for immediate delivery on the commodities exchange.
In the real world, it takes months to deliver oil from the well head to market. And most oil is bought months in advance. Through bi-lateral trade agreements between different countries. The same way it was before commodities brokers first began trading oil futures in the 1970's and early 1980's. Only a small portion of the oil we consume is handled through the commodities exchange. The "demand from China" is due to China's economy growing faster than their regular suppliers can deliver additional oil. Forcing China to buy additional oil at the spot price. While it is understandable that market instability will affect the spot price, it is not acceptable that this premium be applied to each barrel of oil we consume. Oil companies should be competing on price. Their refineries should be producing fuel at the best possible price, and their gas stations should be competing the same way. |
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March 29th, 2012
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#97 |
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Senior Member
Join Date: Jun 2006
Posts: 851
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Rand Paul alone stops harsher sanctions on Iran
"Paul took the Senate floor to oppose the undivided approval of a new set of sanctions on Iran and introduced an amendment. 'My amendment is one sentence long; it states that nothing in this act is to be construed as a declaration of war or as an authorization of the use of military force in Iran or Syria,' Paul told his colleagues." This is the bill in question. Johnson-Shelby S.2101 -- Iran Sanctions, Accountability, and Human Rights Act of 2012 (Reported in Senate - RS) [Text, PDF] |
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April 2nd, 2012
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#98 |
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Administrator
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[for those who don't understand how markets work and try to get around that fact with simpleton moralizing]
Oil Prices Are Up: Is It the Work of Evil Oil Companies and Greedy Speculators? Written by Lynn Atherton-Bloxham on Monday, 02 April 2012. Prices are simply signals telling us to produce more or less. The only answer to high prices is flexibility for those who produce. Some fallacious notions are at work here. If you trade regularly and know the ins and outs of the futures market, skip the next few paragraphs. This is for those who are confused about speculators and hedgers, buying and selling and long and short. It is a greatly simplified overview but hopefully with enough information to eliminate some common falsehoods around which certain pundits and politicians love to create hysteria. After reading this however, you will not, I repeat, not, be able to make a quick fortune in the futures market. My purpose is to give a basic understanding of the miracle of voluntary trade of which the exchanges and their hedgers and speculators are an important part. What exactly is this evil entity, the “Speculator”? We are all speculators so watch out who you are tagging as evil. By that I mean that when we buy in advance of a possible price increase, or stock up on food for fear there will be a snow storm, we are speculating. The professional speculator is actually a very important person. This Speculator enables the market to work more efficiently for all of us. The Speculator is assuming a risk that the Hedger consciously does not want to assume and we, if we understand the circumstances, would not want to either. Further, the Speculator is a key entity in the all important function of Price Discovery. Prices are the signals that tell us to produce more or less. Speculators provide the liquidity that enables more accuracy in the signals. First though, to fully grasp the necessity for speculators, it is important to understand the immense value of the Futures markets and the importance of its function to the Hedger. The Futures Market is a very old idea going back to ancient times. Historical accounts exist of innovative farmers gathering in the market square and negotiating pre-buying and pre-selling agreements. In America, the exchanges also evolved from the market square. The Clearing House has always stood as the counter party to every trade. (Thus the controversy surrounding the handling of customer's monies in Corzine's company; a topic deserving intense scrutiny, but for another time). So what then is a Hedger? The Hedger is quite simply someone who either produces or will need the commodity at some time in the future. This can be a farmer who raises wheat or cotton or a factory that makes bread or clothing. It can be an oil drilling company or a trucking company worried about the price of gasoline; whether too low to cover expenses or too high for trucking to be profitable at current rates. A Hedger might also be a business who will be harmed if interest rates or a particular currency moves adversely to his particular situation. These Hedgers use the futures market to buy or sell their product at a price that may change before they are ready to actually buy or sell. The contract helps them offset a movement of prices which could be detrimental. If a Hedger's concerns are that a commodity price is going higher, and he will need that product in the future, he will buy or go long. If instead he is worried about the price dropping further before he is actually ready to sell, he sells or goes short. When it is time to actually buy or sell his product he usually closes out his futures position. The difference between what price he paid on the futures market and what price he closed his position is his profit or loss, which hopefully offsets what the actual market price is. At the worst he has minimized his loss by having the insurance of a set price at which he bought or sold. Many Hedgers further protect themselves with their use of Options contracts. Once people understand the Hedger's need for the insurance the future's market gives, they are more accepting of the Hedger. Not so the Speculator and by the almost hysterical rhetoric we hear, they reserve their full ire for that wicked speculator. Both politicians and others make statements such as, “Speculators have no actual business affected by fluctuating prices so why are they even allowed to participate in the futures market? The government should do something! It should regulate prices, ban speculators, put in more regulation. Just do something!” The profound ignorance these remarks exemplify is frightening. If only they understood! The Speculator, the Risk Assumer, is critical. If the market only had hedgers participating, it would be a “thin” market and much more volatile and irregular. A few markets, over time, have lost their speculators. With the loss of liquidity and without the constant adjustment of price action to reflect the cash market which the Speculator's trades give, the particular contracts withered and died. Thus the Hedgers who produce or use that product lose as they have no method to offset their risk. Speculators can buy as well as sell, just as Hedgers can. People, though, rarely notice when prices are falling. They usually scream (and the politicians join in) when prices rise, but here is the truth. Speculators cannot force the prices up or down. Speculators do not last if they fight the trend. If the world-wide fundamentals are not in synch with their position few Speculators can afford to hold losing positions, as they must constantly add margin money to their account. There are too many people: producers and consumers, buyers and sellers, suppliers and consumers all over the world, for speculators to affect the price for long if they are on the wrong side of a trend. This is immensely oversimplified, but my purpose is to defend the function of the Futures Market as an exchange that provides insurance for businesses which produce or consume products or have an exposure to foreign currency, interest rates, or other financial instruments fluctuations. The much maligned Speculators provide the cushion of liquidity that is essential for the Hedgers. At this time, the amount of bureaucracy and misinformation, particularly in the petroleum industry, is immense. We now have constantly improving horizontal extraction processes which did not even exist a few years ago. Greater production eventually means lower prices. Unnecessary regulations suffocate and abundant red tape limits exploration, drilling and production. Some of the fallacies that need to be undone are the old, largely discredited ideas of “peak oil” and the related thinking of it being a “fossil fuel” and an unrenewable resource rather than an abiotic product. These and other false assumptions have determined the basis for detrimental administrative rules. These ill conceived ideas are limiting people of the benefits and availability of petroleum products. As equally damaging are the economic fallacies: 1.Speculators are evil and must be eliminated from trading. 2.Profits are excessive. 3.Oil companies get too many tax breaks. 4.Prices are too high. People who want to uphold facts and who think logically need to counter these erroneous and damaging ideas by countering that: 1.Speculators are necessary for market liquidity. 2.As long as earned honestly, profits cannot be excessive. (Though profits in the petroleum industry have improved, it still has lower profits than many industry sectors). 3.Petroleum companies get no special tax breaks. 4.Prices are simply signals telling us to produce more or less. The only answer to high prices is flexibility for those who produce. Speaking carefully and honestly about a great and necessary industry, knowledgeable people need to speak up and advocate instead that Congress cease abdicating to the entrenched bureaucracy: •Remove the impediments to production and prices will fall. •Remove artificial supports on all products and the market will operate in the realm of reality. •Eliminate the Federal Reserve monopoly on money and prices will accurately reflect current values. Most important, however is a moral position: Seek peace and trade rather than indulge in bellicose threats, murder by drones and interference in other nation's affairs. Perhaps more important results will be achieved than just a lower gas price. http://www.americandailyherald.com/p...dy-speculators |
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April 3rd, 2012
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#99 |
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Senior Member
Join Date: Jun 2006
Posts: 851
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Egyptians Sour on U.S., Eye Closer Ties to Turkey, Iran
"The majority of Egyptians (56%) now see closer relations with the U.S. as a bad thing for their country, up sharply from 40% in December 2011." Sixty-five percent of Egyptians also disapprove of the job performance of the leadership of the U.S. government. The percentage of Egyptians who view their country's peace treaty with "Israel" as a good thing declined by 12% since June 2011. Forty-one percent of Egyptians say closer ties with Iran would be a good thing, while only twenty-eight percent say the same about the U.S.. US Polling Center: Egyptians Want Iran to Replace US as Strategic Partner "Abdel Moneim Abol Fotouh - a presidential contender and ex-Brotherhood leader who left the group after it said it wouldn't field a candidate - told Egyptian TV last month that as president, he would not maintain relations with anyone who 'harms the relations of Egypt.'" "Asked it he would recognize Israel, he said, 'I have not recognized Israel to this day, and will not recognize Israel.'" |
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April 4th, 2012
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#100 |
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Senior Member
Join Date: Jun 2006
Posts: 851
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Günter Grass, 1999 recipient of the Nobel Prize in Literature, published a poem criticizing "Israel's" machinations against Iran today.
"Was gesagt werden muss" "What must be said" Here is a thread about the nuclear-armed submarines that Mr. Grass mentioned in his poem. |
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