Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

October 30, 2014

What's up with Crude?


     A sharp decline in crude oil prices immediately preceding the Fed's widely anticipated exit from the T-Bond market is way too convenient to escape notice.  One commentator blames the Saudis, who - and we're not making this up, the commentator did - want to shut down the Bakken oil boom by driving market prices below levels needed to keep production out there profitable.  You know, the way John D. hisself took out competition back in the day.

     Whatever, the drop in oil trumped any attempt a free market could've mustered to punish our failed politicians with appropriate interest rates on their grossly obese national debt.

     The prospect of sovereigns meddling with capitalism like that is scary, and there are so many of them managing vast piles of money these days it's likely that some bureaucratic cretin somewhere actually has called up another bureaucratic cretin somewhere else with some plan to manipulate some price somewhere to serve some political purpose.  The pack of them have been doing so in the foreign currency arena for decades.  Why not dabble in commodity prices?  Or, for that matter, stocks?  For starters, the whole Chinese economy looks like a pipe dream to us, the reality of vacant cities having turned those fantastic tales of extraordinary growth into smoke and mirrors stuff based on commie lies.  Manipulators have to be manipulating all kinds of stuff to pull a scam of that magnitude off.

     Just now we woke up in a cold sweat.  What if this rather dramatic dip in crude was bankrolled by the Obama White House?  The surprise and suddenness smack of manipulation, and its success reeks with collaboration by big, big players.  Certainly, Administration commies are morally bankrupt enough to roll that way.  And an attack on the very industry they claim to be causing global warming?  How tempting is that to a vacuous pinko mind?

     We're not saying they are, but we're not saying they're not either.  Thing is, the Fed's Stalinist control of the Treasury bond market has worked out so well for the deficit spending crowd, why not wreak havoc elsewhere?  Take down capitalism altogether, why don't you?

     If one accepts the premise that the Central Party in Washington is indeed following the destructionist path set down by those Columbia University dudes back in the '50's, and we here at the Post do - with our manufacturing jobs now lying in Asia, elevating welfare queens into the newly reconstituted goddam upper middle class in a horribly ravaged society, the evidence seems incontrovertible to us - unabashed price manipulation makes perfect sense.

     Time will tell if we're on to something here.  Given how the Muslim-in-Chief keeps getting away with with preposterous pretenses for supplying future Muslim enemies in Iraq, Afghanistan, Pakistan, and now Syria with now vast numbers of American weapons, MacDougal worries that capitalism's demise will come a whole lot sooner than this nation of idiots could possibly foresee.