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So how does ol' Bernie figure on regulating his fellow communist traders in China? Walk into the trading house in Peking and tell them what they are doing is against American laws?
Nope, we will just lose more jobs. I mean, it is easy to demonize stuff like futures traders and oil companies.......but hey, they provide much needed jobs........that income spreads into our economy.
Well hey, let's start with the fricken corn speculators. No sorry, it is not the speculators fault......it is Big Brothers fault..........driving up the demand for corn due to the Ethanol Gravy-Train Scam.............food is just through the roof.
Nope, we will just lose more jobs. I mean, it is easy to demonize stuff like futures traders and oil companies.......but hey, they provide much needed jobs........that income spreads into our economy.
How many jobs do oil speculators create? From my view, oil speculators kill jobs by driving up gas prices and slowing the economy. Oh, but wait, if forgot that the 'high gas prices kill jobs by slowing the economy' argument is only supposed to be used when criticizing President Obama.
Any President who allows the dollar to be desecrated in value via the indefensible actions of his Federal Reserve chairman must accept responsibility for the skyrocketing prices of commodities which always results from those boneheaded policies.
If Sanders wants to blame anybody, Obama & Bernanke deserve 100% of the blame; politicians are legendary for doing stupid things economics-wise, and especially Democrats.
Look at what the Democrats have done to a once-thriving and bustling city known as Detroit, the poster child for the Democratic Party's lack of intelligence related to all things reklated to economics, or refusal to accept a belief that they can soak the middle class and the wealthy with a nonstop deluge of taxes, fees and subsidies for 'green jobs' follies and other nonsense without causing any adverse effects to the standard of living of the citizens of this country.
Detroit has lost over one million residents since 1950 thanks to a nonstop spree of corrupt mayors and Congressmen, as well as the insatiable unions which decimated the Detroit 3, and the Democratic Party is 100% responsible for their sorry history.
Funny how the liberal press never blames Democrats for those sorry stats, huh?
Any President who allows the dollar to be desecrated in value via the indefensible actions of his Federal Reserve chairman must accept responsibility for the skyrocketing prices of commodities which always results from those boneheaded policies.
If Sanders wants to blame anybody, Obama & Bernanke deserve 100% of the blame; politicians are legendary for doing stupid things economics-wise, and especially Democrats... (rant attenuated)
First, while the President nominates Fed Reserve Board members, they do not report to him nor can he fire them.
Second, for those who think high oil prices are all about the falling dollar:
The Price of Oil, in Euros
Third, a lower dollar in the face of high unemployment helps exports and increases employment. That's a good thing.
Hot money rotating into commodities from their easy money pumping quantitative easing program. Just look at what happened to commodity prices since the Bernanke Jackson Hole Wyoming speech from August, 2010 where he announced QE lite. And look at now with the fallout from these high prices and the anticipated end of Quantitative Easing, we see a deflationary wave setting up until some powerful people cry uncle and then the central bankers will likely resume their hot money inflationary policies. We are still beholden these same private central bankers who are basically owned by their primary dealer money center banks on Wall Street who have plunged our economy into a depression.
Hot money rotating into commodities from their easy money pumping quantitative easing program. Just look at what happened to commodity prices since the Bernanke Jackson Hole Wyoming speech from August, 2010 where he announced QE lite. And look at now with the fallout from these high prices and the anticipated end of Quantitative Easing, we see a deflationary wave setting up until some powerful people cry uncle and then the central bankers will likely resume their hot money inflationary policies. We are still beholden these same private central bankers who are basically owned by their primary dealer money center banks on Wall Street who have plunged our economy into a depression.
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