July 19, 2008
Glenn Beck Doesn’t Understand Oil Futures
Rat Says: If you don’t understand the markets then you will fall for Glenn’s simple logic. The move from $95 to $145 oil was the direct result of increased fear mongering on Iran and collusion by the banking cartel’s hedge funds. With a complicit media this thing plays out just like the illegal naked shorting scandal that Cox and the SEC still completely ignore.
The media is in on this little scam, they divert attention away from these goons and end up blaming the victims, i.e. the airline executives that didn’t lock in $51 a barrel oil. Maybe they didn’t get their insider trading memo that month Glenn. I’m all for traders adding liquidity to the markets, but I am against sharks colluding to drive the American economy to collapse via crippling oil prices… call me crazy.
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