Posted on 03/20/2008 10:23:35 PM PDT by kellynla
If we could tax the hot air from journalist/politicians we wouldn’t have to pay the high price of oil.
Nancy Pelosi is that you?
Thackney, calling Thackney. Where are ya buddy?
“So now, we have these rogue countries, economically attacking us and driving oil to $110 bucks, even in the face of decreasing demand. But all of a sudden, humongous sales of oil and purchases of dollars take place, oops, there could be several countries that find themselves in bankruptcy very quickly. Just a theory that bears watching”
Your theory is correct and UAE admitted to a portion of this a week ago. However, the majority of the culprits are hedge funds themselves in the U.S. Now they are seeing some payback for fleecing the American population in the form of ‘margin call’. Couldn’t happen to a nicer group of guys/sarc. Problem is, between this collapse and banking insolvency we may see the Very Great Depression.
Did they just pile on after Iran, Venezuela and the others started it and just followed the trend or were they out ahead of it. Pretty disgusting. Can you steer me to further research/proof on the subject, thanks for the validation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.