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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (149922)	4/22/2011 11:47:02 AM
From: ChanceIs	1 Recommendation Read Replies (1) \| Respond to of 206093

>>>Actually if crude supplies were plentiful the price would fall and the economy would be boosted.<<< True enough, but as long as crude is priced in an increasingly diluted currency, its price will rise. Just to be a prick, I will rhetorically pose the question: If crude was at $35 in late '08 - early '09, why did we need QEI, QEII, TALF, TARP, and all manner of money printing and under the counter bailouts? One answer might be that the government felt like bailing out all of the hedge funds and banks who got crushed holding crude long in massively leveraged positions as crude crashed from $140 to $35, and they couldn't get out of the burning theater fast enough. ;-) Just to be a complete a$$hole, I might suggest that what we need to fix those speculators and restore reasonable crude prices is to engineering another banking system implosion. Actually the engineering for that has already been accomplished and it is only a matter of time before matter meets anti-matter. ;-) ;-)