This conspiracy theory bunk is pointless. There is no evidence of collusion, and it's ludicrous to think that there could be. Oil is a global commodity, like gold or apples. The price is set by the global supply and demand. The price of corn is skyrocketing, which is hurting people far more than "BIG OIL". Is there collusion among the corn farmers of the world? No, that would be stupid.
A speech from Ron Paul on the "Failures of Capitalism". Given during the last recession, it's just as correct today. http://mises.org/story/2895 Congressional Record — US House of Representatives July 9, 2002
We cannot depend on government to restore trust to the markets; only trustworthy people can do that. That's the kicker right there. That's why you have to regulate markets at real time. Untrustworhty people cause too much damage before they are found out. We've discussed before, I believe greed is an evolutionary trait arising from the desire to be the most prodigeous procreator. It takes every bit of socialization and humanization (family, school, church and state) we can muster to counter and still it's pervasive. Trust and Verify.
Ron Paul's book is out. Here some comments about it. http://wonkette.com/385889/ron-paul-manifesto-drops-today-all-humans-must-buy-eight-copies
only borrowing money creates credit bubbles- regulations only increase borrowing money where a bubble occurs borrowing money is the root of all kinds of evil
I read it. I was disappointed. I agree with most of it, but it's lacking a lot. Dr. Paul should be ashamed to call a hastily-written 160-page book, A Manifesto.
central banks grant access to credit where they have opportunity to profit the govt. has to borrow money to spend money, when consumer credit it easy then consumers spend money they didn't earn; that is a bubble by definition since the 'illusion' of prosperity is created by consumer spending- ie. buying stocks, houses, cars etc. the bubble is an illusion. a central bank has the power to lend to the govt. and create cheap credit- both create the 'illlusion' of prosperity (real assets and savings) the trade off is being able to secure the value of the bubble with a secure currency (being able to sell the debt or confidence in the ability to repay) a strong dollar under a credit bubble simply means that someone believes that the debt is secured or the debt has already been sold. i wouldn't bet on the prices of groceries not rising more and the way to become more like a third world country is to make the bankers nervous enough to stop lending money
totally agree, however that doesn't mean the central bank is a bad idea. how we use it is the issue. consumer spending drives our posperity. no doubt, but it also drives innovation, leading technology, and real asset creation.
The Creature from Jekyll Island : A Second Look at the Federal Reserve by C Edwards Griffin- google - it is everything you want to know about central bank operations.
I think the only conclusion where the libs are happy would be to strip all the profits from the oil & gas companies and give them to families of slaves as reparations for slavery from 150 years ago.
Gawker dumps Wonkette because of trouble selling advertising. With incredible posts like the one in your link, I can't imagine why.
It was just the link from the story on Fark.com. I thought it was funny. It wasn't an editorial comment. The Fark comments section along with that link had 350 responses an hour ago running about 50/50; Ron Paul is the best hope for America and Ron Paul is insane. The Internet seems susceptible to hyperbole. What kind of rod and reel are you using?
