Clearly there are people who will do anything for money.
In the classic movie, “The Good, the Bad and the Ugly,” the characters all lie, cheat, steal and kill as they chase after a chache of government gold. They all kill, they all try to kill each other and the only character trait they all share isthey will all do anything for money. We are lucky enough to have a modern version of that, with our own government supplyingGOLDman Sachs and otherbad market manipulators with TARP money, which they are using to, not to lend money to the good citizens of the US but rather to prop up the commodities market, stealing Billions of dollars from the very people they claimed they were going to help.
Since the November bail-out, consumer lending had gone down, home foreclosures have gone up, unemployment has gone up, housing has gone down yet the CRB has gone up 25%, led by oil, which is up 88% at $66 this morning. $66 oil is a noose around the neck of this economy as the it was cheaper oil that helped us begin to recover as it stayed around $40 from November through the beginning of March. On a per barrel basis alone, that was $500M a day LESS than we are paying now but, despite the fact that oil is still54% in price from this time last year, gasoline has gone up so fast that it’s only down 23% from the prices that knocked the wheels out from our economy. Including refined products, that extra $26 a barrel is costing US consumers $1Bn a day, $365Bn a year or 1/2 of the TARP money going straight out of our economy and back to the countries that fund terrorism through the very ugly hands of GS (who are partners in ICE) and other TARP recipients who have funded and coordinated this commodity “rally,” screwing the American people over with our own tax dollars.
Aside from the very obvious upgrades by the TARP-sponsored Financial houses of anything and everything that even smells like oil and the GE-sponsored24/7 pump-feston CNBC, we now have Goldman Sachs this morningtelling the sheeple specifically to: “sell Petrobras October $34 put options for $1.95 because a U.S. economic recovery and lower petrochemical supplies will limit declines in the price of oil.” What Goldman does not mention is that they were one of the “large speculators” that increased…