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Guest Post: Our Only Hope - You

Tyler Durden's picture




 

Submitted by TF Metals Report

Our Only Hope: You

So I'm flipping through the channels late Wednesday night and I stop on
O'Reilly visiting with Lou Dobbs. I notice that they're talking about
oil prices so I figured I'd give it a listen.

As the interview dragged on, I was amazed at their points of view.

O'Reilly: Its all the evil speculators, oil companies and OPEC who are
at fault. They are driving up the price of oil for their own benefit and
screwing the consumer.

Dobbs: It's all Obama's fault. He should be putting the screws to OPEC to force them to pump more oil and bring the price down.

That these guys are apparently so clueless bugged me all
day yesterday. In fact, I even discussed this on the phone with Mr.
Hyde. How could these guys not get it? Anyone with a brain knows that
crude is going up because of concerns of unrest in the Middle East and,
more importantly, the rapidly declining dollar. But here are O'Reilly
and Dobbs taking 5 minutes in front of O'Reilly's massive audience to
construct bogey men for everyone to blame. WHY? Seriously, this really
bugged me.

I got my answer yesterday when I saw this:

  • ( RTR ) 04/21 02:30PM OBAMA SAYS HAS ASKED ATTORNEY GENERAL TO
    CREATE TEAM TO "ROOT OUT" FRAUD, MANIPULATION IN OIL MARKETS THAT COULD
    HIT GAS PRICES
  • ( RTR ) 04/21 02:31PM OBAMA, IN PREPARED REMARKS, SAYS TEAM'S FOCUS WILL INCLUDE OIL MARKET TRADERS AND SPECULATORS
  • ( RTR ) 04/21 02:31PM OBAMA SAYS WILL MAKE SURE THAT NO ONE IN OIL
    MARKET IS TAKING ADVANTAGE OF THE AMERICAN PEOPLE FOR THEIR OWN
    SHORT-TERM GAIN

And it all began to fall into place. The O'Bottom regime knew that the
President was going to be discussing this nonsense yesterday. So, they
put out a call to their new buddy, O'Reilly. Remember, O'Reilly owes
them a few favors after they granted him the exclusive interview back on
Super Bowl Sunday, O'Reilly obliges by gladly staging this interview to
give the President some political cover. Adding Dobbs to the segment to
criticize Obama gives O'Reilly cover, too. Pretty handy, huh?

Do you now see how you are manipulated? The Fed/TBTF/Govt/Media Complex
is desperately clinging to power. Again, anyone with a brain knows that
oil is rising because its denominated in dollars. It's the reason corn
is rising. It's the reason gold is rising. It's the reason the stock
market is rising. The world is awash in dollars, willfully printed by
the Federal Reserve, to fund the U.S. government ponzi scheme. If you
want to control inflation and bring the cost of crude oil down, you stop printing money and make the U.S. government function on revenues alone.

But that's not going to happen, now is it? Nope. No way. So long as the
politicians and their willing accomplices in the media can construct
straw men upon whom you can vent your anger, change will never come.
Your politicians will distract your neighbors from focusing on the real
problem (the politicians) by encouraging them to chase dead ends and
ghosts, instead.

Our only hope is each other. We must educate and help each other and
then we must help as many of our friends, family, neighbors and
coworkers as we can. It is up to us to do it ourselves. I'm willing to
risk everything trying to help. Are you? Do you know what you believe?
What is it that you know to be true? Are you willing to stand in front
of others and proclaim this truth, knowing that you will be criticized,
ridiculed and marginalized by those who choose to let normalcy bias rule
them? We must try. If not for ourselves, for posterity.

Thomas Jefferson wrote of this 235 years ago. It is clearly still valid today. I leave you today with his words to ponder:

When
in the Course of human events, it becomes necessary for one people to
dissolve the political bands which have connected them with another, and
to assume among the powers of the earth, the separate and equal station
to which the Laws of Nature and of Nature's God entitle them, a decent
respect to the opinions of mankind requires that they should declare the
causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator
with certain unalienable Rights, that among these are Life, Liberty and
the pursuit of Happiness.--That to secure these rights, Governments are
instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,
and to institute new Government, laying its foundation on such
principles and organizing its powers in such form, as to them shall seem
most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But
when a long train of abuses and usurpations, pursuing invariably the
same Object evinces a design to reduce them under absolute Despotism, it
is their right, it is their duty, to throw off such Government, and to
provide new Guards for their future security.

 

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Sat, 04/23/2011 - 11:35 | 1199026 unky
unky's picture

i think i read this article, ah yeah on turds blog...

Sat, 04/23/2011 - 11:41 | 1199041 SilverIsKing
SilverIsKing's picture

And if one bothers to read, ZH properly credits Turd.

Sat, 04/23/2011 - 15:10 | 1199489 Doña K
Doña K's picture

ZH's know the truth.

O'Reiley, Dobbs and MSM's are part of the "apparata"

The funny part is that they don't know it.

Just like my 8 year old son, who said: Mommy, you see this girl over there? She is my girlfriend, but don't tell her, she doesn' know it.

Sad...  

Sat, 04/23/2011 - 19:01 | 1199910 WaterWings
WaterWings's picture

Turd - Bravissimo!

 

Sat, 04/23/2011 - 15:24 | 1199521 Paul Bogdanich
Paul Bogdanich's picture

If that bothered you then you do not understand the role of propaganda.  The principal task at the moment is to try and dispell any notion of a correlation beetween a weak dollar and inflation in the public mind so they can further weaken the dollar.  All the people you watched are either clueless themselves or they don't believe what they are saying themselves.  They are paid to promote the party line and the task at hand (dispelling the notion that the fed is fueling inflation) is being pushed really hard.  it' a big government priority.  

"The function of advertising, public relations and most of the media is to get people to make irrational decisions based on inaccurate and incomplete information."  Noam Chomsky.     

Sat, 04/23/2011 - 17:50 | 1199774 The 22nd Prime
The 22nd Prime's picture

The principal task at the moment is to try and dispell any notion of a correlation beetween a weak dollar and inflation in the public mind so they can further weaken the dollar.

Which I am increasingly viewing as the opportunity of a lifetime.

9/11 actually scared me into physical and monthly accumulation of PMs has been my M.O. ever since. I do some options trading but as of last week I have chosen to sit on the sidelines for a while. A very handsome sideline. Thank you Mr. Ferguson. My futures broker now follows you on a tip from me. :)

When the shoeshine boy starts buying I'll start unloading. Let's hope we won't need to reload brass to keep the shoeshine boys at bay.

Sun, 04/24/2011 - 12:37 | 1201041 CH1
CH1's picture

Not quite. This type of propoganda has a more subtle purpose:

For you to waste your energy exposing and arguing about side-issues, so that you have too little time/energy to act in response to the real problem... even if you do recognize it.

 

Sat, 04/23/2011 - 11:47 | 1199059 Stormdancer
Stormdancer's picture

Well isn't that strange.  And it clearly states at the top of the article that it came from "TF Metals Report".

That darned TF...whoever he is...should be ashamed for his plagiarism!

Sat, 04/23/2011 - 11:51 | 1199066 Tail Dogging The Wag
Tail Dogging The Wag's picture

"Investors need to diversify, they need to own some real estate, they need to own some farmland, they need to own some equities, some cash, and some precious metals..."   Marc Faber —Investment analyst

Got real estate and farmland outside your home country?

http://www.thorssoncapital.weebly.com

Sat, 04/23/2011 - 11:40 | 1199031 AnonymousMonetarist
AnonymousMonetarist's picture

You got no time for the messenger,
got no regard for the thing that you don't understand,
you got no fear of the underdog,
that's why you will not survive!

-Billy Joel

The Oracle at Eccles will bless us mere surplus eaters with transparency this week er scratch that will bless us with unveiling the latest in a series of Jedi mind tricks.

‘You don’t need to see our collateral.’

‘This is not the monetization that you are looking for.’

‘Go about your recovery.’

‘Move along.’

After all it can’t be monetization if it is only temporary unlike death and taxes which unless we apply some semblance of egalitarianism to the latter will result in the economic forecast, the least for the most, of the former.

And golly don’t expect us to keep track of the collateral folks, seriously we’re still using Windows 95. And it is hard to get that stuff onto floppies. Would you care for a nice game of Pong?

But let us all raise our liquidity chalices Nancy Capitalists to the Glee-shaped Recovery! Let us cheer the depreciating scrip and the magnificence of America’s wealth exporting machine!

Nothin’ but blue skies…. waitaminnit…

Thefiscaltimes.com: ‘According to the Census Bureau households paid $2.2 trillion in taxes in 2010 and received $2.3 trillion in some kind of government support. 59% of the 309 million Americans in this country got at least one federal benefit in 2009 according to the Census Bureau. Government cash handouts accounted for 79% of household growth since 2007.’

All this whilst wealth inequality is approaching levels last seen since, gee I don't know, the Tyler's Rebellion of 1381?

No wonder 84% want no change to Medicare. No wonder a majority favor increased spending over decreased spending. In fact the only majority for decreased spending is for foreign aid (YouGov poll). McClatchey-Marist recently reported that almost 70% oppose raising the federal debt limit - however 80 percent, including 70% of the teabaggers, oppose cutting Medicare or Medicaid to deal with the budget deficit. Good luck with that.

Where you sit is where you stand.

But you are going to need to stand for something America lest you fall for anything.

Perhaps it is appropriate that a narcissistic, egomanic, borderline pathological, deadbeat shill is at the top of the leader board in the Republican sweepstakes.

Every day in every way this s#$ is starting to resemble a bad science fiction movie from the 70s.

Let’s investigate the oil price Barry? Hint , google Eccles. Let’s arm the mudžahedin against a bad guy? Sure... worked pretty good last time! Let’s bring down insurance costs by giving Big Pharma a half a trillion bucks worth of new premiums? Brilliant! Let’s make the banking system solvent by shoving trillions of bad speculative bets into the rabbithole? Outstanding!

But above all let’s get the spokesperson for the supranational star chamber to better articulate the psych-ops that will keep those shoppers happy and ignore this slow train-wreck of a Great Depression by refuting, negating, and verily daring them to believe their lying ojos….

And at no time will his hands leave his arms.

To each according to their eligibility... for each according to their greed.

Sat, 04/23/2011 - 12:28 | 1199168 Bolweevil
Bolweevil's picture

Correction:

Oracle at Eccles = Sith

I do hereby decree thou hast been wrongly junked and do forthrightly (and figuratively) remove such junk as it has been given without rebuttal.

Sat, 04/23/2011 - 15:33 | 1199534 Doña K
Doña K's picture

Great post AM

I have a gut feeling that Benny will do a fake and temporary "volte-face" this coming week. That may give him some breathing time until his "swan song". I have no idea what the color of the swan will be.

................................................................................

Winter has come for me, can't carry on.
The Chains to my life are strong but soon they'll be gone.
I'll spread my wings one more time.
................................................................................

By Within Temptation

Sat, 04/23/2011 - 11:39 | 1199032 King_of_simpletons
King_of_simpletons's picture

It's all theatrics. If the masses have not figured it out, yet, too bad for them. The con game continues by keeping the masses occupied over "supposed" political differences.

Sat, 04/23/2011 - 13:03 | 1199240 Bob Sponge
Bob Sponge's picture

I speculate that you are correct. I speculate that Thomas Jefferson was correct. I speculate that people are free to speculate in a free country.

Sat, 04/23/2011 - 11:40 | 1199040 redpill
redpill's picture

Both O'Reilly and Dobbs are populist authoritarian control freaks, so it's little wonder they frame every issue from the standpoint of it just taking some variety of force to fix, rhetorical or otherwise. When your favorite tool is a hammer every problem looks like a nail.

Sat, 04/23/2011 - 12:00 | 1199088 hognutz
hognutz's picture

Tou hit the nail on the head sir!

Sat, 04/23/2011 - 13:07 | 1199265 Votewithabullet
Votewithabullet's picture

letra por fucking letra

Sat, 04/23/2011 - 16:30 | 1199628 banksouttacontrol
banksouttacontrol's picture

hit nail on head!

Sat, 04/23/2011 - 11:46 | 1199047 Hedgetard55
Hedgetard55's picture

So, if I speculate that the price of oil is going to go up, and buy oil futures, I am "evil".

 

If I speculate that the price of oil is going to go up, and buy Exxon I am a patriot.

 

"Now is a good time to buy stocks". Barry Soetoro, 2009.

Sat, 04/23/2011 - 11:51 | 1199065 samsara
samsara's picture

"...How could these guys not get it? Anyone with a brain knows that crude is going up because of concerns of unrest in the Middle East and, more importantly, the rapidly declining dollar...."

 

How THIS guy doesn't get is what amazes me.  Yes the dollar and ME unrest affects the PRICE of what's for sale.

BUTTTTT.  The AMOUNT that is for sale is NOT QUESTIONED.

Take a look at this cute short graphics of why there isn't 90 Million barrels produced each day instead of the 80m odd BPD.

Travelling Towards Transition Animation

http://vimeo.com/15477088

 

The second time you watch it,   Stop it at exactly :20 seconds.   Take a minute to look at the graph.  Then ask you self,  What was the production in 2010?   What is the production in 2020

Export Land Model of what is for SALE is going to be a LOT less that what is physically produced per day.

Sat, 04/23/2011 - 12:27 | 1199163 traderjoe
traderjoe's picture

You'll get an interesting discussion on peak oil here, but YOU have missed the point. 

In 1964, a gallon of regular gas cost $.30. http://www.1960sflashback.com/1964/economy.asp

A 1964 quarter is now worth $7.30, or almost two gallons of gas. http://www.coinstudy.com/1964-quarter-value.html

So, as measured in silver (real money), the price of gas has declined. 

I am by no means weighing in on Peak Oil. But, the price of gas is declining in dollars, not in other commodities. 

Nice article Turd. 

Sat, 04/23/2011 - 12:46 | 1199222 samsara
samsara's picture

My point exactly.  you are still talking about price, but the amount is what should be focused on.  Yes, less dollars, deflation, lower price.  So what.

Countries should be more focused on how they are going to dismantle a complete lifestyle paradigm in mass. 

It WILL be forced on you. In 10-15 years we ALL will be using a LOT LESS energy In Total.  

REGARDLESS of PRICE.

If you have XXX amount you are only going to fly/drive yyy number of F15's , Tractors, combines,  tanks and SUVs.

AND less Polyethylene and PVC, and every other piece of Plastic, pesticides, and Fertilizers.

Sun, 04/24/2011 - 08:35 | 1200546 i-dog
i-dog's picture

"only going to fly/drive yyy number of F15's , Tractors, combines,  tanks and SUVs."

Rationing will eliminate tractors and SUVs...leaving only F-15s and tanks to control the hungry dissidents (aka terrorists). Coming to a state near you within 2 years.

Sun, 04/24/2011 - 15:52 | 1201503 KinorSensase
KinorSensase's picture

I was wondering when peak oil would show up in the comments.  It was 2008 when I heard about PO and transition towns.  Amazing how accurate the vision laid out by the TT folks is coming into play.  I agree with Turd, but the silly numbers involved with currency are just symptoms of an economy that is becoming less productive in real, physical terms.  I like to think of it as the collapse of the biggest bubble we've ever seen: modern economics based on limitless growth and cheap, dense fuel made from really old sunlight.

Mon, 05/02/2011 - 00:01 | 1227900 ZFiNX
ZFiNX's picture

It's all about where you choose your data to begin and end. In this way, statistically based arguments are almost always biased. To your point, let's see what the price of gas is like when employment levels are what they were in 1964 and the rest of this stimulus is finished, I'm sure your argument will be much weaker if not reversed by then.

Sun, 04/24/2011 - 09:59 | 1200664 buzzard
buzzard's picture

My thought exactly, Samsara. This guy saying that Oreillly and Dodd are clueless while all the time he is also clueless. It still amazes me how all these smart people can't see the REAL reason for the price of oil and food. Can it actually be possible that we have already reached the peak in oil extraction and that shortages are immanent?

The 'green revolution' is over and it failed. We face food shortages because we are unable to physically produce more food. Sure, there is speculation. I speculate because I know that food, oil, pm's, and any thing that is mined is finite and will be increasingly scarce. How obvious to me and such a seeming mystery to so many.

Perhaps it is because we become distracted by all of the illusions thrust in front of our faces daily: Left/Right politics, Abstract economic arguments, Culture war issues and my personal favorite- the lie of industrial civilization itself.

It seems that the distractions that industrial civ. provide us blind us to the several elephants in the increasingly crowded room. I don't know what it will take to make people to wake up. (That's a lie. Of course I know. It will take the complete collapse of this theater of the absurd before we can see the reality around us).

Sun, 04/24/2011 - 16:03 | 1201521 KinorSensase
KinorSensase's picture

Perhaps it is because we become distracted by all of the illusions thrust in front of our faces daily...

Agreed.  Add a dash of stockholm syndrome, a touch of fear for the vulnerability of entering a new lifestyle, and you've got the beginning of a wonderful recipe for willfull, self-destructive ingnorance.  Something tells me banking dynasties figured out this formula long ago, since all they push is illusion anyway.

Sad what capitalism morphed into:  all service to self, and no service to others (unless that service is distorted through the proxy of service to self).  And all along, behind the illusions we're presented, it's so easy to simply look at economics as an organic system and develop the mechanisms accordingly.  Exponential growth is the bitch of logistic growth.

Sat, 04/23/2011 - 11:54 | 1199077 Flakmeister
Flakmeister's picture

If the Bernanke stops printing, oil will go down, and so will everything else in a deflationary collapse of global proportions.

The problem is that all the funny money cannot increase the supply of oil or change the law of thermodynamics. The Bernank is praying that the influx of cheap money will result in CAPEX that increases supply. It won't. 

You can have many arguments about what peak oil is, for the purposes of explaining things at ZH, it is point where no amount of funny money can increase the supply. Deal with it. 

Sat, 04/23/2011 - 12:04 | 1199102 RobotTrader
RobotTrader's picture

Somebody needs to show O'Reilly a chart of RIG, DO, NE, etc.

Those stocks are still grinding around near the low end of a 5-year trading range.  Proof that many oil service companies are being discouraged and prevented from aggressively drilling for more oil.

many other oil stocks I follow like ECA, SWN, PQ, KWK are still under pressure, government regulations are holding them back from finding new oil.

Sat, 04/23/2011 - 12:11 | 1199120 Flakmeister
Flakmeister's picture

I'll call your bullshit on this one...

Check out the rig data, US drillers are going flat out, ~2000 new wells per month, unmatched since the early 80's. Baker-Hughes reports Saudi rig count is rocketing. From CERA/IHS, marginal cost of a new barrel of GOM oil is $85-95, assuming you can find it.

The US has 500,000 oil wells, producing an average of ~12 bbl/day. Average flow per Saudi well is down 50% in the past 6 years...

World oil wells have increased 20% while flow per well has decreased 20%. Go ask Alice about the Red Queen.

Net oil exports are down 10% since 2005 with Chindia doubling their slice of the decreasing pie...

Although volume of liquids produced since 2005 has increased marginally, most of the gain is from NGL and refinery-gains, so the net gain in Energy is basically nil. It is like the gas tank is progressively becoming E5, E10, E15..., same volume, but you ain't driving as far..

Sun, 04/24/2011 - 10:03 | 1200672 buzzard
buzzard's picture

+++ It seems the junkers are also clueless.

Sat, 04/23/2011 - 11:56 | 1199081 Jay
Jay's picture

If the propoganda press bothers you, Tyler, don't watch it. Maybe you could take the time to figure out why the mainstream press refuses to put the Fukushima reactor accident and the radiation released there in any kind of perspective whatsoever. Zero Hedge runs with the hysterical, fear-mongering mainstream press on that issue. Don't expect lay people to deprogram themselves from the brainwashing they get on financial and economic matters when Zero Hedge won't lift up their game regarding nuclear power. One good place to begin is Tucker's book, Terrestrial Energy.

Sat, 04/23/2011 - 12:27 | 1199170 traderjoe
traderjoe's picture

It was a guest post. 

Sat, 04/23/2011 - 13:24 | 1199305 Bob Sponge
Bob Sponge's picture

I speculate that you need to find another blog that does not bother you so much.

Sat, 04/23/2011 - 13:55 | 1199368 Moe Howard
Moe Howard's picture

Bob, stop speculating, Oreally said you are driving up the price of blogs for the common American blogger. He is looking out for us. Oreally.

Sat, 04/23/2011 - 15:45 | 1199551 Bob Sponge
Bob Sponge's picture

LOL! I speculate that I shall continue to speculate.

Sat, 04/23/2011 - 15:12 | 1199503 Doña K
Doña K's picture

Jay,

I bet your favored propaganda is CNBC and a pair of teleprompters. 

Sat, 04/23/2011 - 11:57 | 1199084 RobotTrader
RobotTrader's picture

To some extent, the run in oil is being driven by momentum-chasing speculators.  Just watch the CRB Index, guys are so accustomed to buying each and every dip.

It has worked again and again.

Until it doesn't.

Will be interesting to see what happens to the USDX and the CRB when Bernanke opens his mouth and makes his public statement.

No doubt, he has 10 - 15 staffers figuring out what to say, how to say it, and figure out which ETF's to hammer on the short side to put an end to the commodity speculation.

Sat, 04/23/2011 - 14:09 | 1199397 Beam Me Up Scotty
Beam Me Up Scotty's picture

No doubt, he has 10 - 15 staffers figuring out what to say, how to say it, and figure out which ETF's to hammer on the short side to put an end to the commodity speculation.

Bring on the correction.  The truck is gassed and the transmission is in reverse.  Im ready to back up the truck.....

Sat, 04/23/2011 - 15:18 | 1199511 Doña K
Doña K's picture

Yes, momentum chasing speculators play a role in price discovery. But has Mr. O'bummer asked himself and his brilliant staff Why?

We accept you as a momentum chaser Robo, but be on the level.

I (and my hubby of course) are with the investment counter-coulture, we do not go to Pablona, we run against the bulls. Why? Because this time the bulls are fake.

Sat, 04/23/2011 - 11:58 | 1199086 sagerxx
sagerxx's picture

ROCK ON, TURD!!!

Sat, 04/23/2011 - 13:17 | 1199298 Votewithabullet
Votewithabullet's picture

TURD ON ROCK!!!

Sat, 04/23/2011 - 11:59 | 1199092 dark pools of soros
dark pools of soros's picture

What's the endgame Bennie??  Fine everyone into debt prisons??   So much easier than creating real prisons

Sat, 04/23/2011 - 12:02 | 1199096 ziggy59
ziggy59's picture

Turd, how did the webbot interview go?  looking forward to listening to it whenits posted.

Sat, 04/23/2011 - 13:29 | 1199320 Turd Ferguson
Turd Ferguson's picture

It was great fun.

Sat, 04/23/2011 - 12:09 | 1199114 Strategery
Strategery's picture

It doesn't surprise me that O'Reilly doesn't get it. He has a loud mouth, and he uses bullying tactics to cover up for his lack of intelligence. Lou Dobbs, on the other hand, is very intelligent, but obviously has not educated himself on the reason oil is up. The irony is that Glenn Beck does understand. I never thought I would say that Beck would take the time to dig deep enough to find out how the mindless creation of fiat currency impacts the world. My apologies to Beck. It takes quite a bit of study for most lay people to understand this abuse of delegated monetary policy. Beck is using his knowledge to educate the middle class. Dobbs needs to hit the books. O'Reiily wouldn't understand it if you drew it out with crayons. I would like to say there was hope file Bill, but he is too busy trying to tie everything to fiscal policy and party politics; it's all he halfway understands.

Sat, 04/23/2011 - 12:17 | 1199133 dark pools of soros
dark pools of soros's picture

you really think they are talking what they know and not their agenda??  lots of smart people know what's going on, but all are not on daily in front of a camera

You might want to figure out WHY they are on everyday

Sat, 04/23/2011 - 13:31 | 1199321 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

We've got one that can see...

Sat, 04/23/2011 - 13:45 | 1199358 Founders Keeper
Founders Keeper's picture

[you really think they are talking what they know and not their agenda??]---dark pools of soros

I really think they (O'Reilly & Dobbs) are talking what they know. Yeah, they have personal bias like we all do. For the most part, NO, they don't know about the Fed, fiat currency, inflation, PMs, and the incestuous relationship between DC, Treasury, Fed, and Wall Street.

Be realistic. O'Reilly and Dobbs, are busy people. They have enormous responsibilities to produce informative, interesting, and entertaining programs daily to millions of viewers. (Viewers who are also busy.) They get up in the morning like you and me. Shave, dress, drive to work, work, get home, eat, manage affairs at home, and have family obligations. That's a full damn day.

O'Reilly and Dobbs have successful formulas. They do well what they do. Asking either of them to risk changing their winning formula is a tall order. Risky, even if they magically had the time to research a new topic that would lead to a paradigm shift in thinking.

Not everything is an "agenda," for goodness sakes. Most of what you see is just convenient, safe, and familiar.

 

Sat, 04/23/2011 - 13:59 | 1199381 Moe Howard
Moe Howard's picture

Bill Oreally has thinking issues. I haven't watched since he said that a state requiring automobile insurance was Constitutional because it is a safety issue. How will you ever get through to a guy like that?

Sat, 04/23/2011 - 15:19 | 1199513 Founders Keeper
Founders Keeper's picture

Hi Moe.

As busy as Bill must be, probably never. Too bad, really, given the scope of his influence.

 

Sat, 04/23/2011 - 23:01 | 1200254 GreenSideUp
GreenSideUp's picture

...magically had the time to research a new topic...

What blows my mind is that these folks seem to be devoid of any intellectual curiosity.  They have their story, and they're stickin' to it, despite the fact that they have a research staff.  One would think that with all that's going on in the world, something might arouse just a bit of curiosity.    

I can't imagine living in such a bland world.  

Sun, 04/24/2011 - 10:06 | 1200681 swmnguy
swmnguy's picture

"It is difficult to get a man to understand something when his salary depends upon his not understanding it."
- Upton Sinclair

Sun, 04/24/2011 - 01:11 | 1200348 RockyRacoon
RockyRacoon's picture

If Dobbs and O'Reilly took up the issues with the depth and explanation that was needed, they would lose viewers.   Just that simple.   Catering to the emotion, and not the facts, is the only way to feed the real masters:  The clueless viewer who has the attention span of a gnat.   We know who they are.   We hear them saying stupid shit every day.   Where do you think they get the stupid shit from?  They are given just enough information to draw erroneous conclusions because critical thinking and seeking out new information is not taught in our educational system.  If the talking heads took on the issues with the clarity that was needed they would be seen as going all Lenny Bruce on us.  They would be shunned and ridiculed, e.g.: Ron Paul.

Sat, 04/23/2011 - 23:52 | 1200295 snowball777
snowball777's picture

Lou Dobbs, on the other hand, is very intelligent,...

Bwahahaha....good one.

Sat, 04/23/2011 - 12:16 | 1199125 Strategery
Strategery's picture

...and let me say this: I could be wrong about Billo. It may be his lack if understanding of monetary policy, the Fed, quantitative easing and the impact of these historically experimental events that makes him appear to lack intelligence. I give every human the chance to learn.

Sat, 04/23/2011 - 12:20 | 1199141 dark pools of soros
dark pools of soros's picture

Even Tyler will throw everyone a curve if he has to get out of the wrong side of a trade quick

 

grow up

 

Mon, 04/25/2011 - 04:38 | 1202668 thames222
thames222's picture

Haha Bill needs no sympathy from anybody...he's just a drunk!

 

www.forecastfortomorrow.com

Sat, 04/23/2011 - 12:25 | 1199150 string
string's picture

Never EVER turn on the tele.

 

Sat, 04/23/2011 - 12:28 | 1199165 SumSUN
SumSUN's picture

"So I'm flipping through the channels"  Move along, nothing to see there anymore.

That these guys are apparently so clueless bugged me all day yesterday.       Are you serious, or just wanted to answer an easy question?

It's obvious what's going on, and these people (Timmay, Bama, Media) aren't clueless, but INSANE and completely out of touch with the real world.  I think your right though, it is up to us.  And the Jefferson quote was great.  

Sat, 04/23/2011 - 12:30 | 1199174 alexwest
alexwest's picture

###
That these guys are apparently so clueless bugged me
all day yesterday
##

quite opposite, if you think those idiots should understand such simple things, well in this case
YOU'RE AN IDIOT

as for rest of .. they're public figures from USA mass media..

american people are plain stupid idiots being brainwashed for long time on constant basis..

lets remind you couple more things from prominent figures

# there was only one shooter
# read my lips
# i didnt have sex
# mission accomplished
# crisis is contained
# house price never fall
# did/didnt monetise debt (both versions)

good luck
alx

Sat, 04/23/2011 - 12:32 | 1199184 alexwest
alexwest's picture

sorry , forgot one more thing..

SOMEHOW BUILDING # 7 FALL DOWN BY ITSELF ON 09/11

alx

Sat, 04/23/2011 - 14:25 | 1199425 MichaelNY
MichaelNY's picture

No it didn't.  It had thermites...

Sat, 04/23/2011 - 12:43 | 1199215 rockraider3
rockraider3's picture

Thomas Jefferson, bitches.  Who woulda thunk that old guy knew what he was talking about?  Go figure.

Sun, 04/24/2011 - 08:53 | 1200579 Urban Redneck
Urban Redneck's picture

How many ass clowns comprise the TOTUS propaganda drafting brigade, and with TOTUS's basically unlimited funding to hire talent, why can't they even come close to matching the talent or skill of some guy who has been dead almost 200 years and was basically paraphrasing what another guy wrote several months earlier?

Sat, 04/23/2011 - 12:51 | 1199231 Diogenes
Diogenes's picture

We have passed peak oil production, former 3d world countries are consuming more and more oil along with everything else, and Bernanke is printing dollars like no tomorrow.

And oil prices are rising because of speculators?

Once again they go for the slick trick, the quick fix and the gimmick. It's like they are so deep in some fantasy land that they don't even know there is such a thing as reality.

Sat, 04/23/2011 - 13:10 | 1199274 Flakmeister
Flakmeister's picture

Pinched from a recent comment elsewhere: (WHT at TOD)

In the USA intervention is useless unless you can somehow change the dialog and convince the political infrastructure of the actual cause and effect.

The approved right-wing meme is to create a false choice to explain high oil prices:
1) Caused by environmentalists preventing us from getting new drilling permits.
2) Caused by oil speculation.


The approved choice among the two false ones is of course environmentalists, which means they can go after enviros and protect their sacred Wall Street benefactors from blame. That is the benefit of setting up a false choice strawman, as you can deflect from the reality. The right wing meme machine intentionally ignores peak oil, and sets up their talking-points emails to carefully avoid the topic while making the environmentalists out to be the villains.

 

The natural choice among progressives is:
1) Caused by Peak Oil
2) Caused by greedy oil companies
3) Caused by geopolitical events
4) others
The left-wing is not told how to think so naturally they consider all the options. The greedy oil companies choice resonates amongst some of the populists. The critical thinkers of course know that it is all about peak oil.

Sat, 04/23/2011 - 13:34 | 1199335 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

The left-wing is not told how to think so naturally they consider all the options.

WTF?!?!?

Sat, 04/23/2011 - 14:08 | 1199394 Moe Howard
Moe Howard's picture

# Wining The Future!!!

The left-wing is not told how to think is exactly correct, they are told 'how it is' and they fall into line.

Memorization of talking points is about as smart as they get.

Peak stupidity is really what that post was about.

Sat, 04/23/2011 - 14:33 | 1199436 Flakmeister
Flakmeister's picture

Hey Moe... wanna play? I'll gladly rip you a new one.

Sat, 04/23/2011 - 15:43 | 1199546 Flakmeister
Flakmeister's picture

Moe, as I suspected, you are a chickenshit....

Sat, 04/23/2011 - 20:49 | 1200101 Bicycle Repairman
Bicycle Repairman's picture

Flakmeister, you way over-rate yourself.

Sat, 04/23/2011 - 23:52 | 1200297 Flakmeister
Flakmeister's picture

Grima, slinking around are we?

Sat, 04/23/2011 - 12:55 | 1199236 no say
no say's picture

Programmer under oath admits computers rig elections 

Sun, 04/24/2011 - 14:29 | 1199247 goldfish1
goldfish1's picture

I'm willing to risk everything trying to help.Are you?

Hell no. You can lead a horse to water but you can't make him drink. When a tsunami's coming, you run for higher ground. You don't spend your time trying to convince the neighbors who don't know about tsunamis.

Are you willing to stand in front of others and proclaim this truth, knowing that you will be criticized, ridiculed and marginalized by those who choose to let normalcy bias rule them?

Hell no, it's a big enough job to work toward my own survival and talk to the people I care about. Let those who have the ears hear.

Sat, 04/23/2011 - 13:17 | 1199296 Treason Season
Treason Season's picture

Dear Mr. Ferguson,

In one of your early posts you decried Richard Nixon for taking the dollar off the gold standard  and someone commented that you should avoid politics at which I commented that one couldn't talk about gold w/o talking about politics which caused you to slap me down with the remark you would censor any and all comments regards politics which you so deemed inappropriate. Give it up Turd. It's obvious political analysis is not your forte, an example being, "ElBaradai is going to bomb itty bitty Izwayel the second he becomes Egyptian president!" Like I said stick to the gold/silver charts and leave politics to the more enlightend.

Sat, 04/23/2011 - 13:33 | 1199323 Turd Ferguson
Turd Ferguson's picture

"ElBaradai is going to bomb itty bitty Izwayel the second he becomes Egyptian president!" 

If you're going to quote me, please try to stick to shit I actually said.

Sat, 04/23/2011 - 14:28 | 1199427 Treason Season
Treason Season's picture

Turd Ferguson said...

Didn't the peaceloving Egyptian pres candidate elBaradei just say that, if elected, he would declare war on Israel if they attack gaza?

Sat, 04/23/2011 - 15:08 | 1199453 Treason Season
Treason Season's picture

Crickets chirping...

At least you have enough sense to stop digging when you're in a zionist hole.

Sat, 04/23/2011 - 16:03 | 1199582 Turd Ferguson
Turd Ferguson's picture

Again, is this what I said?

"ElBaradai is going to bomb itty bitty Izwayel the second he becomes Egyptian president!"

Sun, 04/24/2011 - 02:11 | 1200378 Treason Season
Treason Season's picture

Lame Turd. Lame either from political ignorance or inept trolling. If you had bothered to do any research  on Elbaradai you would never had made the statement. He's a NWO Rothschild/Rockerfeller CIA stooge. The Egyptians know it, anybody who can use an internet search knows but alas you don't. Ergo, you're Zionist troll.

BTW I went your your archives and can't find the one about your religious faith. Could you post a link, The reason being I want to cite that post is to show the close link between your Christian zealotry and the zionist viewpoint.

Cheers

Sun, 04/24/2011 - 16:56 | 1201608 atlee
atlee's picture

Treason

I thought you had to be able to do arithmetic to post a comment?

Sat, 04/23/2011 - 13:26 | 1199311 dick cheneys ghost
dick cheneys ghost's picture

dont forget about china's insatiable demand for everything "Raw".......as in raw materials

Sat, 04/23/2011 - 13:33 | 1199324 LostWages
LostWages's picture

Pain at the pump?  Thank the Bernank.

Grocery Store Blues?  Thank the Bernank.

Savings Earning Zip?  Thank the Bernank.

 

New line of bumper stickers.  If Bonzai makes em, I'll buy some.

Add your own....

Sun, 04/24/2011 - 12:45 | 1201065 ArmchairRevolut...
ArmchairRevolutionary's picture

Holy moly! Glenn Beck really does get it! And that was played on Faux News.  I am surprised they didn't cancel his show half way through this one!

This almost hard to do:  I actually have to give some respect for Glenn Beck!  Unbelievable!

Sun, 04/24/2011 - 13:07 | 1201122 ArmchairRevolut...
ArmchairRevolutionary's picture

I continued to watch this and lo and behold we get to the real goal of this program. At about 27:00 minutes into this Glenn Beck changes the focus and tries to equate the Fed programs to weaken the dollar to the goals of "progressives"; the so-called real enemy ... misdirection at its best.  Still up to that point, this is a very good overview of the impact of the Fed.

Sun, 04/24/2011 - 17:49 | 1201681 Hot Piece of Bass
Hot Piece of Bass's picture

How many threads are you going to post this on?

Do you work for Beck Inc. or something?

Sat, 04/23/2011 - 14:02 | 1199382 Caviar Emptor
Caviar Emptor's picture

The denial is way deeper for the likes of O'Reilly and Dobbs. They think it's all dollar printing. They want to believe that only started yesterday. But it's been a problem 40 years in the making. And not just dollar printing: we had 3 oil shocks. We never came up with an energy policy. US oil production peaked in 1970. Despite huge taxpayer subsidies it's been in straight decline. We imported more and more every passing year. And we also burned way more through irresponsible policy. And now we're in a pickle. We have to share what's left of global, imported oil with the a growing, hungry world. And O'Reilly and Dobbs have yet to figure that out. 

The reason they want to blame the oil companies, speculators and Obama is they want a return to the 1980s: a state of denial that was made possible for a while and allowed a temporary return to the ways before there was an energy problem. And like all forms of  denial, nostalgia and sticking your head in the sand it always ends up worse. There was no thought given to the future of the country in the 1980s, greed was good. 

Sat, 04/23/2011 - 15:12 | 1199504 Flakmeister
Flakmeister's picture

Yep... very nicely stated. 

Thatcherism explained in one graph

http://mazamascience.com/OilExport/

Select "United Kingdom"

and for shits and giggles, try the United States

and compare to Germany and France

Now try "Total Asia-Pacific"

Please do not hesitate to ask questions if the trends are not clear

Sat, 04/23/2011 - 19:03 | 1199911 trav7777
trav7777's picture

look at Mexico too, or Indonesia

Sun, 04/24/2011 - 10:18 | 1200693 buzzard
buzzard's picture

We face a problem 5,000 years in the making.

Sat, 04/23/2011 - 14:29 | 1199418 gordengeko
gordengeko's picture

"The Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.  We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."

This is why we musn't be afraid.  Everything is in God's hands and the excess external garbage is all designed to keep us in fear, keep us confused, separated from true selves which is connected to the Creator itself.   When the late Tupac Shakur was at his sentencing the judge had asked him if he has any words.  After not speaking at all during the entire court case, he sat up and said, "You know your honor in throughout this entire court case you haven't looked me or my attorney in the eye once, it's obvious that you're not here in search of justice, so therefore there is no point for me to ask for a lighter sentence, I don't care what you do because you're not respecting us, this is not a court of law as far as I'm concerned, no justice is being served here and you still can't look me in the eye, so I say do what you're gonna do, give me whatever time you want because I'm not in your hands, I'm in GODS hands."  Everyone in the courtroom sat in silence and it moved the whole prosecution team, everyone's eyes in the court room watered up and noone could speak for a few minutes...One brave soul   I've always been a big fan of his music because it came from his soul, no matter what he said it was real and was not manufactured.  The music community misses artists like 2pac.          Great post Turd! 

 

Sat, 04/23/2011 - 15:21 | 1199512 quo vadis
quo vadis's picture

The acceleration of technological change since early 1900's has concentrated power & wealth into too few wretches further corrupted by these geater powers. Compared to previous eras, the corruption of innocence/honorability in ordinary people has been vastly facilitated via consumerist indulgence in the ever growing cascade of mechano-electro-chemo-digital novelties over the past 100 yrs. Todays older generations easily recognize that the opportunities for trouble in their youth were drastically less prevalent and virulent. In a sense we were all bought off- a long time ago.

We haven't agreed on what exactly a human being is and is not for well nigh 50 years (pro choice?). This category of human thought is intolerant of misalignment as we give consideration to our fellows. Peaceful coexistence assumes it. Community and thus a people in mutual respect intelligently exercising political power are rooted in enduring coexistence.

It's the devil u know vs. the devil you don't know.

These genie's never get back into their bottles.

Some knew way known only to Eternity can deliver us from unspeakable losses in the dignity and peace our candy asses have always taken for granted.

For these reasons consider talking to God. Concerning Him, we are more likely rebels who must lay down their arms vs. children at his feet waiting for morsels.

 

Sat, 04/23/2011 - 15:31 | 1199529 AK338WM
AK338WM's picture

Marxist Dictators are all the same.  First they create investigations, followed by show arrests/trials, followed by price controls, followed by shortages. 

 

 

Sat, 04/23/2011 - 16:07 | 1199590 Flakmeister
Flakmeister's picture

Any particular Marxist dictator that you had in mind?

Sat, 04/23/2011 - 20:11 | 1200038 AK338WM
AK338WM's picture

The one that sleeps in the WH.

Sat, 04/23/2011 - 22:22 | 1200214 Flakmeister
Flakmeister's picture

Thought maybe you were talking about Kim Jong Il....

I suggest you revisit that Intro Poly Sci course. Shit like that ain't even funny, in fact, it only shows how ignorant you are. 

Sat, 04/23/2011 - 22:48 | 1200235 AK338WM
AK338WM's picture

Marxists is as Marxist Does.  He hangs out with Marxists by his own admission, He was raised by Marxists and he acts like a Marxist.

Sun, 04/24/2011 - 00:00 | 1200301 Flakmeister
Flakmeister's picture

Any other labels you are comfortable with? Me thinks you would not know a Marxist if they pissed in your face.

I mean, seriously, rip Obama all you like, and it's real easy, but this Marxist shit is pathetic. Why don't you write something with real meat, you come across like a mindless soundbite.

Sun, 04/24/2011 - 00:39 | 1200323 AK338WM
AK338WM's picture

I call 'em like I see 'em.  If it quacks like a Commie, well then it's a Damned Godless Commie Heathen......Go read the Communist Party USA's web site.............It reads like an Obama Memoir.   BTW, I  "identified" my fair share of Marxists Shitbags during my 2 tours of Nam. Later Comrade.

Sun, 04/24/2011 - 00:50 | 1200337 blunderdog
blunderdog's picture

Does being able to kill people make you special somehow?

Are you "one of the good ones" because you spent some time shooting or shelling or bombing strangers?

If that's all it takes, there are heroes everywhere I look.  Dayam.

Sun, 04/24/2011 - 18:08 | 1201712 AK338WM
AK338WM's picture

u sound like a bleeding hear liberal, spinless piece of shit Godless Heathen of Commie.  Yeah, I'm special, I'm a retired Infantry Officer, I led men in combat.  Some didn't make it home........and You aren't half a man compared to any of them.  So Fuck You, You Treasonous SOB!

 

 

 

Sun, 04/24/2011 - 04:46 | 1200436 LudwigVon
LudwigVon's picture

Me thinks   pissed in your face   mindless 


Sun, 04/24/2011 - 10:05 | 1200667 Flakmeister
Flakmeister's picture

Could you perhaps write one paragraph delineating the difference between a Marxist and a Fascist? That way we can calibrate your view point...Use of proper terminology is very important if you want to paint people with labels from the McCarthy era.

Edit:

For the record, a real Marxist would have lined the Wall Street CEOs against a wall and had them shot...

Sun, 04/24/2011 - 18:09 | 1201708 AK338WM
AK338WM's picture

We're already there Comrade, you just don't realize it because of your Govt Indoctrinatation (see #10 below); and given half a chance Barry Soetoro will do just that.

1. Abolition of property in land and application of all rents of land to public purposes.

2. A heavy progressive or graduated income tax.

3. Abolition of all rights of inheritance.

4. Confiscation of the property of all emigrants and rebels.

5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.

6. Centralization of the means of communication and transport in the hands of the state.

7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.

8. Equal obligation of all to work. Establishment of industrial armies, especially for agriculture.

9. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.

10. Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc.

Sun, 04/24/2011 - 18:25 | 1201748 Flakmeister
Flakmeister's picture

Nice, you did a little research and posted this. So exactly where does the US stand on most of these items, please limit your discussion to Obama, since he is the alledged Marxist. For the record, I am not defending Obama, only pointing out that he is far more Fascist than Marxist...

1. Is not present in the U.S.,  but I agree is the Marxist belief

2. Heavy taxes, sorry, the U.S. is one of the most lightly taxed countries, especially large corporations.

3. Is not the case here.

4. Since you added rebels, I suppose you are bringing up the Civil War. Hardly due to Obama...

5. This can be spun either way, depending on semantics. The Fed is not the fault of Obama....

6. If anything, the corporations are controlling information, this is not the State, therefore, this is not the case in the US.

7. The State, as least as far as the USA goes, does not control the means of production.

8. Sounds more Maoist, definately not applicable to the US where Agricultural related labor force participation has been in decline for many years. 

9. Same comments as 8.

10. Universal Education is very old idea dating to the 19th century and is the hallmark of all ideologies.. Not sure why you think child labor is something to cherish....

 

Sun, 04/24/2011 - 10:27 | 1200708 buzzard
buzzard's picture

So you remain in the world of political labels, eh? It's OK. If you are young you still have time to learn. Knowledge+Experience= Wisdom  This equation will take you far. Unfortunately for the young there is no substitute/short-cut for experience. You just have to do the time, my friend.

Sun, 04/24/2011 - 10:36 | 1200725 Flakmeister
Flakmeister's picture

The sad thing is that he claims to be a two-tour Nam vet....

Sun, 04/24/2011 - 13:12 | 1201139 ArmchairRevolut...
ArmchairRevolutionary's picture

Yep.  Retarded his whole fucking life!

Sat, 04/23/2011 - 23:16 | 1200268 downwiththebanks
downwiththebanks's picture

Marx was a big fan of derivatives trading.

Sat, 04/23/2011 - 15:37 | 1199540 quo vadis
quo vadis's picture

The acceleration of technological change since early 1900's has concentrated wealth into too few wretches who are promptly further corrupted by the attendant geater power. Compared to previous eras, the corruption of innocence/honorability in ordinary people has been vastly facilitated via consumerist indulgence in the ever growing cascade of mechano-electro-chemo-digital novelties over the past 100 yrs. Todays older generations easily recognize that the opportunities for trouble in their youth were dramatically less prevalent and virulent than today.

This exacerbates the sense of "it's the devil u know vs. the devil you don't know". Nonetheless, in a sense we've all been bought off for quite some time.

Hell, we haven't agreed on what exactly a human being is and is not for well nigh 50 years (pro choice?). This category of human thought is intolerant of misalignment as we give consideration to our fellows. Peaceful coexistence assumes it. Community and thus a people in mutual respect intelligently exercising political power are rooted in enduring coexistence.

These genie's apparently don't return to into their bottles.

Some new way known only to Eternity can deliver us from unspeakable losses in the dignity and peace our candy asses have always taken for granted.

For these reasons consider talking to God. Concerning Him, we are more likely rebels who must lay down their arms vs. children at his feet waiting for morsels. Consider that as you ask His encouragement and guidance.

Sat, 04/23/2011 - 15:51 | 1199572 Mr Sir
Mr Sir's picture

O'Reilly has gotten it all wrong about the oil markets and economics in general his entire career. He said the other day, "The oil companies will use any excuse, such as the speculators running wild, to raise oil prices. They don't have to raise prices at the pump." This is ridiculous. Oil companies don't set the price of oil, they take the price from the futures market. $120 oil costs you $2.86 per gallon, add in refiner margins, plus transport fees, plus the margins for the gas station guy and ofcourse 46 cents per gallon in federal and state taxes and you have the price at the pump today. I thought about why O'Reilly doesn't get that....why does he think a refiner can buy crude at $2.86 per gallon and sell it for $1.50 at the pump....I mean why doesn't Apple just sell iPads for $25, way below their cost so that we could all have one? My only explanation is that O'Reilly believes the futures markets are just a wall street game and don't mean anything and that oil companies really set the price of oil they transact in. And Lou Dobbs is a moron.

Sat, 04/23/2011 - 16:40 | 1199654 SilverIsKing
SilverIsKing's picture

Similar to what is said of record companies charging $10 for a CD. People conveniently forget that there are other costs besides manufacturing that need to be covered in order operate a profitable business.

.

Sat, 04/23/2011 - 16:00 | 1199579 nah
nah's picture

step one blame the muslims....

 

step two ?????????

 

step 3 profit

Sat, 04/23/2011 - 16:05 | 1199584 jmc8888
jmc8888's picture

It's the fraud debt causing the printing. 

If there is no fraudulent debt, they don't have a reason (excuse) to print.

Glass-steagall

Sun, 04/24/2011 - 01:22 | 1200357 RockyRacoon
RockyRacoon's picture

I understand that the repeal of Glass-Steagall was a mistake.   I cannot personally bring it back.  Probably everyone here at ZH has seen your advocacy of its return.   Now, see if you can post without mentioning it again -- just as a favor to me (not that you owe me one).   Thanks in advance.

Sat, 04/23/2011 - 16:18 | 1199609 TheObsoleteMan
TheObsoleteMan's picture

Our "news" media, in fact most of our media today is nothing more than an Ministry of Proproganda, one that ol' Joe Goebbels would be envious of. These men know the real score {especially Dobbs}, but you will NEVER get it from them. Not that long ago, Dobbs was out there telling it like it is, then certain people started shooting up his house and threatening his family members lives. He turned on a dime, and has been that way ever since.

Sat, 04/23/2011 - 17:19 | 1199711 downwiththebanks
downwiththebanks's picture

Of course the doped-up banker-gangsters and their gambling dens have nothing to do with the jump in oil prices.  

It's all market forces.

Sun, 04/24/2011 - 10:32 | 1200714 buzzard
buzzard's picture

Of course it isn't all market forces. However, if oil wasn't becoming a scarce commodity we wouldn't be having this conversation, would we?

Sat, 04/23/2011 - 17:48 | 1199756 mark mchugh
mark mchugh's picture

Loved the article, Turd.

It's going to get harder and harder to educate people on what you have to do to remain free.  They look to the government for jobs, healthcare, lower oil prices.....

The people who sign up for the welfare state will make more money than those who don't, so it's got to be the right thing to do, right?  There's so many people out there calling themselves "taxpayers." The truth is every nickel they make comes from the gov't.  Do you think they're ever gonna say, "Wait a minute....I'm the probem!!!"

Government spending (local, state & Federal) is 40% of GDP.  That's the problem.  A county that is 5 percent of the World's population trying to continue consuming 25% of the World's resources, and throwing temper tantrums when you tell them "no."  That's the problem.

The national debt is their source of "wealth" but they refuse to see it that way, as well as the future implications.  Gotta keep the Hummer on "F," ya know.  It's not going to be easy to turn that ship.

P.S. Glad to see the blog doing so well.

Sat, 04/23/2011 - 17:48 | 1199764 JR
JR's picture


It seems almost everyone has an opinion on who’s causing gas prices to rise.

Danny Schechter, IMO, makes a strong case that “speculators” and financiers backstopped by the Fed are the cause of the crisis.

In an April 19 article, The Scam Behind the Rise in Oil, Food Prices: speculation on the futures market, rather than supply and demand, is driving up costs, analysts say, Schechter quotes finance expert Phil Davis who “runs a website and widely read newsletter to monitor stocks and options trades - a professional's professional,” and petroleum industry official Dan Gilligan..

“Sixty to seventy percent of the oil contracts in the futures markets are not held by companies that need oil, not by the airlines, not by the oil companies,” says Dan Gilligan, president of the Petroleum Marketers Assn. (representing 8000 retail and wholesale suppliers), “but they’re held by investors who profit from their speculative positions.”

Phil Davis (Phil’s Stock World) goes into detail on how speculators and financiers make their profits while oil moves and doesn’t move around the world - i.e., money changing hands. He says market manipulation and rigging by a cartel actually has loaded tankers criss-crossing the oceans but only landing when the price is right.  Here was one recent quote from Phil:

“There is nothing that a congo-line of tankers between here and OPEC would like to do more than unload an extra 277 million barrels of crude at $112.79 per barrel  (Friday’s [April 8] close on open contracts and price) but unfortunately, as I mentioned last week, Cushing, Oklahoma (where oil is stored), is already packed to the gills with oil and can only handle 44M barrels if it started out empty so it is, very simply, physically impossible for those barrels to be delivered.  This did not, however, stop 287M barrels worth of May contracts from trading on Friday and GAINING $2.49 on the day.”

Phil asks: “Who is buying 287,494 contracts (1000 barrels per contract) for May delivery that can’t possibly be delivered for $2.49 more than they were priced the day before?  These are the kinds of questions that you would think regulators would be asking if we had any.”

Says Schechter: “When I met Phil the other night, he was on fire, enraged by what he believes is the scam of the century that no one wants to talk about, because so many powerful people armed with legions of lawyers want unquestioning allegiance, and will sue you into silence.”

Source: Al Jazeera News Director Danny Schechter (producer of the film “Plunder the Crime of Our Time”) http://english.aljazeera.net/indepth/opinion/2011/04/2011415143212280315.html

Sat, 04/23/2011 - 18:13 | 1199812 mark mchugh
mark mchugh's picture

After what happened in the GOM last year, I got no problem with people jacking up the price of oil.  The flip side of your argument that we should be able to deplete the Earth's resources and destroy the enviorment as cheaply as possible.

Cheap oil doesn't help the world much.  It enables people to spend 15 hours a week away from their families, working in bad neighborhoods so they can live in nice ones, producing toxins all the way.

Making that process cheap isn't a solution to me.

Sat, 04/23/2011 - 19:09 | 1199921 JR
JR's picture

 

The financial dictators have downgraded the American economy to plantation standards. On top of mothers being pushed into the workforce, many jobs occupied by the low-wage immigration wave, inflation ravaging wages/utilities/healthcare/clothing/food/and other essentials, now comes $4,00 and $5.00 gas.

Have you no understanding on what these families face in staying solvent while speculators make millions and billions from their misery?  Libya, the Gulf oil spill, and other propaganda techniques literally take the money from the pockets of the truckers, farmers, commuters, and small business men driving utility vehicles and put it into the pockets of the Fed-supported oil speculators. 

And, then, an additional bill is passed onto consumers through higher prices to everything connected to transporting or manufacturing products with petroleum.

The World Bank and IMF – the builder of world socialism and in essence the Federal Reserve System - exploit and oppress the developing countries for the benefit of the rich, funding genocidal regimes and raping the resources of the earth, including oil.  And now they are exploiting the developed nations. These criminals are the TBTF banks and financial institutions.

As davidwcooney commented regarding the video: http://www.youtube.com/watch?v=rH6_i8zuffs

Argentina HAD a vibrant economy where the people were well off. ? Monopolistic international corporations used their economic influence to bribe and otherwise manipulate government officials to pillage the country's wealth and send the people into dire poverty.”

Take note of Argentina’s economic collaspe from the video where a woman screams amidst the noise and fires as police riding raging horses bear down with clubs and whips on the protesting Argentineans: “I don’t want a stage of siege or to be a pawn of the International Monetary Fund!Take note… and then tell me it can’t happen here.

Cheap oil would help the world, as would development of alternative energy, power from nuclear generation.

Sat, 04/23/2011 - 20:17 | 1200048 mark mchugh
mark mchugh's picture

I fear all the things you mention and surely we've really dropped the ball on alternative energy.

But when I see all the chuckleheads crawling in jammed traffic, 4 lanes in each direction, one person per vehicle, A/C on...I say "fuck 'em."  If that's what you think is a sensible way to live, then consider the oil price your idiot's tax.

It's insane that we live this way, but worse yet, we borrow to live this way, enslaving future generations.  What the banker's know all too well is people with more credit than they deserve spend recklessly.  Take away the credit card and they'll find better ways.

The National debt funds the speculation you despise.  That money gets funnelled directly to the rich through a wide variety of schemes.  Starve the beast (I think that was Turd's message here).  Bargaining for lower oil prices doesn't address our real problem.

Want lower oil?  Ask the government to borrow even more money to give to the rich so gas can be free.  They'll do it and it will change nothing.  National debt=more for the rich, that is the bottom line.  Say no to deficit spending, put crooks in jail, pursue happiness.

Sat, 04/23/2011 - 19:11 | 1199927 bjennings
bjennings's picture

Yes but making the oil expensive so a few (a very few) folks can get rich is not the answer either.  If you wanted to tax oil to cover the cost of the toxins it spews or fund research for alternative energy, etc. or at least stop subsidizing it so the true price is reflected at the pump that's fine, but to let the very top of the top 1% of the wealthy enrich themselves further and then justifiy it by saying that oil needs to be expensive anyway; that's not fine.

Sat, 04/23/2011 - 19:52 | 1200005 mark mchugh
mark mchugh's picture

Fair enough.  I've never been a fan of the circus that passes for price discovery anyway.

Sun, 04/24/2011 - 10:35 | 1200728 buzzard
buzzard's picture

You sir need to cease making these these outrageously realistic and truthful statements immedieately or there is a great danger that these statements will be the cause of uncalled for thought and depression. It is quite dangerous to speak the truth. We around here know that. (or do we?)

Sat, 04/23/2011 - 17:51 | 1199778 texanpilot
texanpilot's picture

I would say that Bill O'Reilly is a pinhead!

 

Sat, 04/23/2011 - 18:43 | 1199873 PulauHantu29
PulauHantu29's picture

Oil (USO) is going in one direction only....UP!

It's one of the best inflation hedges...next to GLD, PALL and SLV imho.

Sat, 04/23/2011 - 19:01 | 1199909 onlooker
onlooker's picture

O'Reilly is a one trick pony that attempts to do other tricks. I think his audience has become too well informed and now outperform Bill. Gretta is still worth the watch.

Sat, 04/23/2011 - 19:24 | 1199959 NewThor
NewThor's picture

I'm not a fan of Glenn Beck.

At all.

But did anyone else notice he got shit canned

right about the time he started to EXPLAIN

where the Federal Reserve comes from,

who they are and

what they're doing?

 

 

Sun, 04/24/2011 - 00:49 | 1200339 blunderdog
blunderdog's picture

Never paid much attention to the guy.  He had a teevee show or something, right?  Like Bob Saget?

Sun, 04/24/2011 - 17:54 | 1201686 Hot Piece of Bass
Hot Piece of Bass's picture

He didn't get fired.  His contract was up and he opted not to sign back on.  He makes more money elsewhere I presume.

Sun, 04/24/2011 - 09:42 | 1200644 Logman
Logman's picture

Except speculating on commodities does drive up prices.

Sun, 04/24/2011 - 19:33 | 1201863 sbenard
sbenard's picture

Exactly. I've said this many times. Speculation is a manifestation of inflation, not the cause! Over-spending, over-indebtedness, over-printing, and over-borrowing are the causes. Until we educate the American people to the true causes, these criminals will continue.

We must plan and prepare accordingly!

O'Reilly's misplaced scapegoating will ultimately result in even higher prices, not lower ones! All attempts by governments to control prices have historically resulted in higher prices. Just ask Hugo Chavez! This time will be no different!

Sun, 04/24/2011 - 19:59 | 1201910 chinaguy
chinaguy's picture
Our Only Hope - You...

For the record, I officially threw in the towel, trying to educate my friends &  family a couple of weeks ago. They do not want to hear.  I'm also buying 150 acres of mostly tillable farm land w/ 1/2 mile of river frontage...they don't want to hear this either...and it's the last they will hear of it...until they need it to live.

Mon, 04/25/2011 - 01:02 | 1202323 ManOfBliss
ManOfBliss's picture

chinaguy,

I support and respect you.

I have absolutely no interest in "educating" anybody. In fact, the dumber they are, the more money I make. Let natural selection vet out the losers until stupidity goes extinct.

Mon, 04/25/2011 - 04:33 | 1202661 tomster0126
tomster0126's picture

Too bad no one but us will recognize this reality inherent in the media...it's sad, people just watch O'Reilly all day and eat up his garbage.  Yes, it's up to the consumer to make the choice to buy oil or not, but big business runs on an oil-wasting infrastructure and no one can just come out and say it.

 

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