From my friend, Hugh Magbie, founder of the Light of the North Star............Corrupt currency manipulation is the subject of a world wide investigation. The US Justice Dept has given the banks a month to uncover and admit currency manipulation. The bigger scandal is that each currency manipulation affected the commodities markets.A drop the US dollar is the easiest way to make a profit in commodities as most are priced in the dollar. If,in the 13 years since the passage of the Commodities Modernization Act of 2000, markets have been subject to commodity /currency manipulation, then some sort of justice must be on the horizon. Banks made record profits during this time,during a recession. Exxon made the largest profit in the history of money,during a recession. Other oil companies werent that far behind. All that time they have stolen trillions from consumers of distillates. By devaluing the dollar they have made the cost of imported goods artificially high and made it more expensive for Americans to travel abroad. But the cost to consumers of manipulated prices of oil and gas has crippled the poor and impoverished the middle class. Trillions of dollars, loonies,rupees, pesos and yen have been stolen from the worlds consumers. Wed like that back. The Fed needs to prohibit hedge funds and investment banks from the currency and commodity markets. Those banks involved in manipulation must be subject to breakup and their assets sold off to repay consumers and taxpayers. A new Resolution Trust must be set up to dispose of these banks.This will result in the nationalization of the too big to fail banks. Many, many of the folks involved in these illegalities must, MUST go to jail, otherwise weve made a mockery of our justice system. Investors who have made a poisoned profit from these manipulated scams must have those profits taxed at 90% or more. Big oil must be nationalized. The government needs to take over this strategic necessity (not a commodity) and make it forever free from predatory speculators. The US has in the past nationalized the railroads, coal mines, arms manufacturers and banks among other industries. Time for big oil to go. The price of a barrel of oil should once again be subject to price controls, limiting the price to a reasonable range. ($15-$20 a barrel) This will break the back of OPEC, bullying petro countries whose Geo-pololitical antics provide cover for currency/commodity manipulators, and expensive, ecologically disastrous oil drilling and oil sands extraction. Oil has proven not to be a seasonal bubble subject to the whims of supply and demand but a busting boil that has grown too large with the pollution of corrupt speculation. We want it back, we want our money back. cbsnews/…/a-history-of-corporate-nationaliz…/ A History Of Corporate Nationalization U.S. Control Of GM Latest In Long Line Of Government Takeovers During Times Of Crisis cbsnews
Posted on: Fri, 21 Nov 2014 21:22:33 +0000
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