Are we witnessing the greatest Oil Swindle of all times? at FinGad.com

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Are we witnessing the greatest Oil Swindle of all times?

Categorie: Commodities
Submitted 5 months ago by

Ziad , President & CEO at Blackhawk Partners, Inc

The Commodity Futures and Trading Commission (CFTC) is investigating trading in oil futures to determine whether the surge in prices to record levels is the result of manipulation or fraud. They might want to take a look at wheat, rice and corn futures while they're at it. It seems the whole thing is a hoax cooked up by the investment banks and hedge funds who are trying to dig their way out of the trillion dollar mortgage-backed securities (MBS) mess that they created by turning garbage loans into securities. That scam blew up in their face last August and left them scrounging for handouts from the Federal Reserve. Now the billions of dollars they're getting from the Fed is being diverted into commodities which is destabilizing the world economy; driving gas prices to the moon and triggering food riots across the planet. For months we've been told that the soaring price of oil has been the result of Peak Oil, fighting in Iraq, attacks on oil facilities in Nigeria, labor problems in Norway, and (the all-time favorite) growth in China. I am afraid it's all baloney. Just like Goldman Sachs prediction of $200 per barrel oil is baloney. If oil is about to skyrocket then why has G-Sax kept a neutral rating on some of its oil holdings like Exxon Mobile? Could it be that they know that oil is just another mega-inflated equity bubble---like housing, corporate bonds and dot.com stocks-that is about to crash to earth as soon as the big players grab a parac... More...

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#1 | Khanan @ 5 months ago CEO at FinGad User Rank : 227 Portfoilo Balance: $4,285.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: One of the things I love about FinGad is the ability to get insight into what investors think and not what the media covers. You would not see Fed exposed this way in the WSJ or other media sources. If you put the pieces together, this does make a lot of sense. Cheers Ziad.

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