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I have grabbed a few "excerpts" from this AP story that I wish to talk about a little.. A link to the full story is provided at the bottom of this post..
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LOS ANGELES (AP) — President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon.
"We are going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said at a town-hall style meeting at a renewable energy plant in Reno, Nev.
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"root out" cases of fraud or manipulation in oil markets?!
"We are going to make sure that no one is taking advantage of the American people for their own short-term gain,"?!
WTF?!
Here is some "alternative news" for you and I'm more than happy to bring it to your attention!
"But the true perpetrator of higher oil prices, the Federal Reserve, stands right in front of us, the smoking gun its easy money policies. As I wrote last November, what is making today’s higher oil and gasoline prices inevitable is the debasement of the dollar."
Full story from Forbes
Angry Over Oil Price? Demand A Change In Fed Policy
Get f'ing real obama!
Federal Reserve Causes Middle East Unrest! Massive Worldwide Famine Caused by QE! [Video]
So WHERE is this so called manipulation? And exactly WHO is it that is taking advantage of not only American citizens but all citizens of the world?! The Federal Reserve Bank!
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Obama, decrying such levels as yet another hardship "at a time when things were already pretty tough," said Holder was forming the Financial Fraud Enforcement Working Group.
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AND the FIRST place they need to LOOK for FRAUD and MANIPULATION is AT the Federal Reserve Bank!
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The task force will focus some of its investigation on "the role of traders and speculators" in the oil-price surge, Obama said, and will include several Cabinet department officials, federal regulators and the National Association of Attorneys General.
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"the role of traders and speculators" in the oil-price surge?! People you MUST understand that traders are no different from anyone else with a f'ing JOB!
Speculators BASE their trades in commodities on the POLICIES of the United States government and the Federal Reserve Bank!
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In Washington, Holder said he would press ahead with the investigation, even though he did not cite any current evidence of intentional manipulation of oil and gas prices or fraud.
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He promised to "be vigilant in monitoring the oil and gas markets for any wrongdoing so that consumers can be confident they are not paying higher prices as a result of illegal activity."
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HERE IS your "manipulation of oil and gas prices AND fraud AND ILLEGAL ACTIVITY"!
Debasing the Dollar
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There's not much Obama can do to affect the price of gasoline in short term, something he acknowledged in his remarks. Gas prices have risen steadily as a result of tensions in the Middle East and northern Africa and rising demand from China and other emerging economies.
Given that no evidence has yet surfaced of actual fraud or price manipulation in oil markets, Obama's remarks appeared, at least in part, as more of an attempt to assuage public anger over rising gas prices.
Other presidents have also launched similar inquiries at times of rising oil prices and widespread public suspicions of market manipulation by the oil industry or by speculators.
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Higher oil prices?
"tensions in the Middle East and northern Africa and rising demand from China and other emerging economies"
"Given that no evidence has yet surfaced of actual fraud or price manipulation in oil markets"
"widespread public suspicions of market manipulation by the oil industry or by speculators"
Talk about the corporate OWNED media COVERING up a story! Not ONE mention here of the Federal Reserve Bank LED by Helicopter Ben Bernanke!
Is the Federal Reserve Bank CREATING an excuse for QE3?
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In an Associated Press-Gfk poll last month, 51 percent of adults said they thought recent increases in gas prices were due to "oil companies that want to boost profits" rather than changes in the global oil market. Nine percent said higher prices stemmed from a combination of both, 37 percent from changes in the market.
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Wake up people! You are playing right into their hands as always! Believing the same old bullshit political blame games! Please look at the links above! Dig around a little on your own! Follow the money! Trust no one! (Except *ME* of course ;)
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Obama addressed about 200 people who paid up to $35,800 apiece for the fundraiser at San Francisco's St. Regis Hotel, the first of four for the day.
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200 people x $35,800.00 = $7,160.000.00! I bet those people can AFFORD $5.00 a gallon gas!
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Click link for the complete article
Obama orders probe of rising gas prices
Greg
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