pharma

OPEC's Move to Devalue the Euro

So much wishful thinking...The author is a moron paid by the US Treasure.

OPEC will help America or US$? Get real. Do you expect much help from Iran and Venezuela?

Is Oil a Bubble? Part 3

The old French saying: Each country has the best government its people deserve to have. No better and no worse.

It is just stupid to blame the Congress for high gas prices and dependence on foreign and unfriendly energy suppliers.

The US Congress just reflects the overall bankruptcy of the entire US way of life. Its moral, intellectual and economic values are in disarray and in crises. The degradation started at Lyndon Johnson "Great Society", and started to accelerate during both Clinton and G. W. Bush administrations.

The American consumer-consumption driven economic model is nothing more or less as a parasitic way of life using somebody else money without any intention to pay it back.

For the last 40+ years, America lived well above its means. It is a very long time; it could not last forever [similar to the Soviet Communist model], and eventually the time is up.

Just to blame specific individuals in the Congress and in the Administration is stupid. These scoundrels were elected by American people.

Now, America is about to start a transition to its new way of life. It will not be a painless transition. Just look at Russia. Ten years ago, Russia was in a terrible crisis. Now, it is one of the most dynamic and growing prosperity society.

America will survive. It will take some time. America will be a very much different country.

Crude Oil Prices: Bears Will Soon Win Out

<<The US dollar has been weak because of the previous interest rate cuts. But the cuts seem all but over now. The rest of the world will soon need to cut interest rates to catch up with the US. This will lead to a stronger US dollar and weaker crude oil prices in dollar terms.>>

Yes, it is true. But as long as
- US foreign and domestic deficits keep growing
- US Treasury and Fed are printing US$ as if there is no tomorrow

There is no way US$ will stop falling in a long-run.

Oil Is Up Due to Fundamentals, Not Speculation

Is any one on this board aware that US$ is becoming worthless on daily basis?

Just in the last 6 months, the Fed has printed over 800 millions US peso [sorry US$$$].

Commodities: Oil Correction Likely; No Gold Bubble

The US empire is a giant with clay feet is about to collapse.

How long will the rest of world sell to America goods for US peso?

The Oil Shortage, and Other Fairy Tales

In the last few months, the Fed flooded US economy with $800B newly-printed paper money.

In the last 3 years, US$ lost 50% against euro. Consequently, if commodities did not change in euro then their prices had to double in US$.

However, EU central banks are too printing a lot of new euros. Consequently, commodities had to go up in euro too. There are no ways to "print" commodities.

The author unfortunately does not mentioned that US government and US Congress totally irresponsible policies are the real reasons for the disastrous state of US economy and runaway commodities prices.

Who's Really to Blame for Rising Oil?

Nobody speaks about a free-market system any more. Well, we did not have for a while.

I understand the frustration of all democrats and republicans: they can do nothing about oil prices. They can not create oil, gas, gold, etc., by "printing it" or out of taxing it. The best Congress can do is to create shortages...

In old good time, USA colonized almost all oil producing countries. The USA robed them and were happy calling ourselves a democracy. The rest of the world was poor and did not use much oil. Yes, it was good!

Now, the USA does not control the world oil supply. Russia, Iran, Venezuela are in control of their own oil. On top of it, China, India and the rest of world would like to enjoy good life too.
On top of this, the USA military is not in a position to dictate to the world how they suppose to live their lives and how be nice to America.
Adding these three together and the USA and EU have a problem.

So, get used to the reality!

How Much Worse Can It Get For Oil?

Why will commodities prices go down if the US Treasury and Feds as well as EU central banks are printing money like crazy?

Too bad, nobody in the US Treasury and Feds learned how to print oil, gas, gold, copper, etc.,

A Closer Look at 4 Commodities

Deacon, just a note.

In his PBC interview, just a few months ago, Greenspan stated that making financial decisions he always put social consequences as his highest priority.

Fed Rate Cuts Backfire, Lift Gold and Oil into Orbit

Unfortunately, democrats do not offer any alternatives.

The entire US economic model is a joke. "Consumer society" is nothing more than a fraud. One can only wonder how it could last for so long.

It is obvious that Bush administration and Feds would like to move the problem [a deep recession or a depression] past this year election. But being so incompetent, their chances are zero. Only one area where they will succeed beyond their imagination is ruining US economy.

5 Reasons to Save the Greenback

This is a great idea!

I would only suggest that all world should bail out the USA dollar and economy not just for 3-5 years but for 30-50 years. This will be more fare.

If all these greedy Europeans and Asians refuse, America should declare an operation "European Union/Asia Freedom" and invade /occupy all of them.

People get over it. The USA was living a parasitic way of life for the last 10-15 years exchanging US$ paper for the goods we have consumed. The party is over. The time has come to pay the bills or start "washing dishes".