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Originally posted by sonofliberty1776
Before I spend half an hour, I need more information than that.
So now the critical resource of oil is driven by speculation at ever higher abstract electronic levels of futures trading. Increasingly, the distance becomes greater and greater between this abstract trading (fueled by rumors of storms in the Gulf of Mexico, or some possible political turmoil in a region of the world, or some other frightful excuse for bidding up) and the physical supply and demand for oil and its refined products.
These oil gamblers in New York and London try to justify their frenetic daily bidding by saying that these futures markets provide liquidity, and a clear price for oil.
Foreclosed houses in the US acquired a good deal of interest from foreign investors, (generally from the oil prosperous countries), now a new group of traders are coming to The united states to buy up our foreclosed housing. China is the latest investor to stalk low cost American foreclosed housing.
Chinese Investor Groups Hunting for Low Priced Housing in the U.S.
Originally posted by kro32
They did explain the missing 9 trillion.
Google Video Link
Originally posted by Holly N.R.A.
I am one of those people that does not use a bank.
.there are now companies out there that will not accept cash anymore just a credit card...