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To: Follies who wrote (189506)7/19/2010 11:59:55 AM
From: robnhood2 Recommendations  Read Replies (1) | Respond to of 313677
 
<< I doubt it was anyone in Ethiopia. >>

Wrong.

There were riots in countries because of the explosion in prices of staple commodities.
Just the same as the rigged explosion in the prices of NG, and electricity in the States.
The higher prices went right down to the end users and it was all rigged.



To: Follies who wrote (189506)7/19/2010 12:02:58 PM
From: grusum1 Recommendation  Read Replies (2) | Respond to of 313677
 
in a true free market, nobody might have lost. both parties could have enhanced their value in the trade. but we have lost much of the free market. my guess is that you're right about the loss and the loser. the loser was probably the public, which of course is criminal. that is what happens when stupid people in the government think they can fix things in the market. they can't.. no matter how good their intentions are. when they mess around in the market, all of us pay the price.



To: Follies who wrote (189506)7/19/2010 12:08:02 PM
From: Terry Maloney1 Recommendation  Respond to of 313677
 
>>If GS and Merrill Lynch made a fortune in the food commodities someone must have had the other side of that trade. I wonder who lost a fortune?<<

Financial speculators.

>>I doubt it was anyone in Ethiopia.<<

No, they were merely starving as the cost of food exploded.