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Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,831,906 times
Reputation: 6438
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House GOP Bill To Delay Financial Regulations Clears Key Hurdle
Republicans on the House Agriculture Committee passed a plan Wednesday to delay regulation on financial speculation, including in the food and oil markets. In a Wednesday vote, the committee approved a bill to delay by 18 months the writing of many key regulations outlined in last year’s Dodd-Frank financial reform law.
Speculation is killing us at the pump. But at least, some people are getting rich off of it.
This is funny. The derivatives people filed a lawsuit saying if we reign in speculation in the markets, it would "hurt the public". Yeah, 'cuz we hate things like cheaper gas and food and commodities and stuff. CFTC opposes request to block position limits rule | Reuters
When you figure 1/3 of the people buying the oil are real people who are going to use the oil and the other 2/3rds of them are people that are NEVER GOING TO TAKE THE PRODUCT..... I think we can see how oil prices could end up in crazy town.
All 20 Democrats on the panel voted in favor of Courtney’s amendment, as did two Republicans: Reps. Jeff Fortenberry (Neb.) and Chris Gibson (N.Y.). But, the amendment was defeated, with the 23 other Republicans on the committee voting against it.
23 to 22.
When will the American people realize that the GOP represents the richest 1% only?
Low information Republicans think it is patriotic to pay more at the pump and grocery store
The Obama EPA has mandated that every gallon of gasoline sold include 10% of ethanol and they want to increase it to 15%. In case you didn't know, ethanol is made from corn. 40% of all corn grown in the U.S. goes to the production of ethanol. Ever wonder why a 9 oz box of corn flakes now costs $4.00
House GOP Bill To Delay Financial Regulations Clears Key Hurdle
Republicans on the House Agriculture Committee passed a plan Wednesday to delay regulation on financial speculation, including in the food and oil markets. In a Wednesday vote, the committee approved a bill to delay by 18 months the writing of many key regulations outlined in last year’s Dodd-Frank financial reform law.
Speculation is killing us at the pump. But at least, some people are getting rich off of it.
This is funny. The derivatives people filed a lawsuit saying if we reign in speculation in the markets, it would "hurt the public". Yeah, 'cuz we hate things like cheaper gas and food and commodities and stuff. CFTC opposes request to block position limits rule | Reuters
When you figure 1/3 of the people buying the oil are real people who are going to use the oil and the other 2/3rds of them are people that are NEVER GOING TO TAKE THE PRODUCT..... I think we can see how oil prices could end up in crazy town.
its not congress!!!!! its Obama's administration that's causing high gas and food prices. Obama said in 2008 that under his plan fuel [prices would necessary sky rocket guess what? they have! the question for Obama now is how high is high enough for him!! maybe one liberal reporter should him that question, how high does he want gas prices to go. high gas prices causes food prices to go up as well!!
House GOP Bill To Delay Financial Regulations Clears Key Hurdle
Republicans on the House Agriculture Committee passed a plan Wednesday to delay regulation on financial speculation, including in the food and oil markets. In a Wednesday vote, the committee approved a bill to delay by 18 months the writing of many key regulations outlined in last year’s Dodd-Frank financial reform law.
Speculation is killing us at the pump. But at least, some people are getting rich off of it.
This is funny. The derivatives people filed a lawsuit saying if we reign in speculation in the markets, it would "hurt the public". Yeah, 'cuz we hate things like cheaper gas and food and commodities and stuff. CFTC opposes request to block position limits rule | Reuters
When you figure 1/3 of the people buying the oil are real people who are going to use the oil and the other 2/3rds of them are people that are NEVER GOING TO TAKE THE PRODUCT..... I think we can see how oil prices could end up in crazy town.
Get a grip. That is nopw the markets work. When you invest in a company you se peculate that profits will go up because item it represents demand will gorw. When a perosn fils up today because they see price goig up tomorrow they specualte.You certainly gdon't invest by puttig mney into somethig that you think will not grow the money. Without specualtion you get people who do not buy contracts on thought they can make a profit.OIbaja invested your money i the solar company by using taxpayer dollars but his speculatio was dead wrong ;it wnet under. We don't need governamnt specualting because they control fact that can pick winners and losers.
Speculation is only one aspect, these commodities would be rising anyways because the dollar is devaluing, demand outside the US is rising, and the easy wells are mostly depleting in production. Higher gas prices means higher food prices.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,831,906 times
Reputation: 6438
Quote:
Originally Posted by BIMBAM
Speculation is only one aspect, these commodities would be rising anyways because the dollar is devaluing, demand outside the US is rising, and the easy wells are mostly depleting in production. Higher gas prices means higher food prices.
Exactly. Speculation adds to it, though, and yet, Congress is trying to stop regulating it?
What you mentioned is also mentioned here in this cool video. I know, 7 minutes is a long time. But ... it explains a lot, in languge people can understand.
House GOP Bill To Delay Financial Regulations Clears Key Hurdle
Republicans on the House Agriculture Committee passed a plan Wednesday to delay regulation on financial speculation, including in the food and oil markets. In a Wednesday vote, the committee approved a bill to delay by 18 months the writing of many key regulations outlined in last year’s Dodd-Frank financial reform law.
Speculation is killing us at the pump. But at least, some people are getting rich off of it.
This is funny. The derivatives people filed a lawsuit saying if we reign in speculation in the markets, it would "hurt the public". Yeah, 'cuz we hate things like cheaper gas and food and commodities and stuff. CFTC opposes request to block position limits rule | Reuters
When you figure 1/3 of the people buying the oil are real people who are going to use the oil and the other 2/3rds of them are people that are NEVER GOING TO TAKE THE PRODUCT..... I think we can see how oil prices could end up in crazy town.
you really think this has anything to do with congress? It doesn't....It goes much further than that.
Nita
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