mlambert890

The Triple Play: Oil Addicts, The Credit Crunch and Deflation

Tiger, you've got it right, but 3 is a huge factor, not a small one. The simple fact is that US oil demand has been *down*. Goldman predicts ever increasing price per barrel, oil sets daily records, yet demand is not really there and supply *is* keeping up.

Its funny how everyone, once again, wants to turn a blind eye to an obvious case of collusion and price fixing. Subprime happened, we let it happen - let the sharks bleed the system and yelled "MARXIST!!!" at anyone who suggested intense regulatory reform was needed.

Now everyone is running in a panic predicting the end of days and meanwhile, oil SOARS irrationally. And what happens? Some suggest that MAYBE the cartel of 9 figure investors manipulating oil futures should be reigned in and BAM... "MARXIST!!!"

We reap what we sow all right. The vast majority of us idiots keep supporting the protection of 8 and 9 figure net worth individuals buying into the bullshit that it will trickle down and believing the delusion that "some day, we'll get there too! thats what the USA is all about!"

Its high time that the vast majority of us (any loser like me working for a living - even in a deep six figure job - and posting on a board like this) dropped the delusions of grandeur and realized that the deliberate manipulation of the global credit market, and now commodities markets, by billionaires and institutions isnt something the free market can continue to allow if it plans to survive.

We're heading for a model where the top 1% hold 100% of the wealth and the rest of us are foraging for food or, perhaps, we return to feudalism.

The answer is increased regulation and more tools in the hands of the fed. And possibly some criminal prosecutions and 8 and 9 figure fines against individuals for the credit meltdown.

Demographics of Jobless Claims

So all you folks happy to hear someone "finally telling it like it is" the question I have is "now what?"

So the apocalypse looms. What is the point of talking about it exactly? Contrary to the "refreshing to hear" angle, I would say "give it a rest already".

All I see is article after article by "professional bloggers" talking about how the world is now at an end.

What I see *no one* offering is a solution. If the commenters here, Shedlock, and all folks of like mind believe we are essentially at the end of times and there *is* no solution, then doesnt blogging about it and moaning about it on the web seems particularly idiotic? There is really nothing to be gained.

Why arent you folks out taking physical delivery of commodities and digging a bunker somewhere?

Break yourselves out of the self congratulatory cycle of doom prediction and martyrdom and ask what you plan to do exactly when the global meltdown you are so proud to be predicting comes to pass. I doubt anyone posting here on "seeking alpha" knows how to live off the land.

Either provide some solutions, or STFU to be quite blunt. The only thing *more* obnoxious than the spin doctors manipulating reports to show "everything is fine", are the crazed soothesayers predicting endless and unavoidable doom with not even the faintest hint of ANY kind of solution.