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United States Oil ETF Message Board

pobres 8 posts  |  Last Activity: Sep 19, 2014 9:19 AM Member since: Feb 9, 1998
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  • I do not believe rates will move over .5% in my lifetime. The national debt is 17 trillion and growing. The vast majority of the national debt is financed short term. Currently the govt pays near zero% on all debt issued under 1 year. If rates move up to 3% on 5 month bills then the interest on the debt alone will be greater than the total amount of discretionary spending. That means either taxes go up, military spending get cut dramatically, or social security and medicare get cut dramatically. The republicans will never agree to tax increases as they would have to be on the top wage earners (since Reagan we have seen the greatest redistribution of money from the middle and lower class to the top in US history. IE: cut tax rates on the top, increase taxes, call them fees on the middle class. The dems will never vote to cut SS and medicare. That means the fed can not and will not raise rates. PERIOD

  • pobres pobres Aug 13, 2014 1:04 PM Flag

    this is why conservatism is dying across the country. If the founding fathers had been conservative instead of progressives, the country would still be ruled by England. They would have cut a deal with England where individually they got rich all the while selling out the masses.

  • Reply to

    Why aren't both Republcans and Democrats

    by slip7778 Aug 5, 2014 1:29 PM
    pobres pobres Aug 10, 2014 8:33 PM Flag

    do you all know anything about where the imported oil in the US comes from. We get Zero oil from Russia. Our imports come mostly from Canada, Mexico, and Ven. Research first, spout off second.

  • Reply to

    Milton Hershey and the Mars Family....

    by fattymcbutterpants2001 Jul 15, 2014 12:54 AM
    pobres pobres Jul 25, 2014 9:56 AM Flag

    I would tend to disagree. Obesity is a factor of many things, lack of exercise (Americans drive everywhere they no longer walk - cars), American children no longer have PE (electronic toy have taken over for athletics and play), Fast food is the norm, soda is the norm, etc. To say it is all caused by eating choc is very short sighted.

  • Reply to

    Worst investment one could make in 2014

    by jmeilink6000 Jun 20, 2014 10:01 AM
    pobres pobres Jul 3, 2014 1:45 PM Flag

    It pretty clear you have never seen the carnage that coal has created in WV. 100 of 1000's with black lung and respiratory illness, very little potable water, environmental damage that will take generation to heal, etc. WV's got very little, the coal company execs who would never live in the state got fat and happy.

  • pobres pobres Jun 30, 2014 1:08 PM Flag

    I agree Glass Stegal must be reinstated. Any one who doesnt understand who owns ICE and how it has created the massive price increases in primarily oil but a few other commodities should first go read the wikipedia and do some research. Make your own conclusions. IMHO crude today without the fed money and ICE would be around $40-70.BO. Look at the price movement historical prior to ICE. Post bubble the top of the price trading band would be about 50% of the prior high. So based on that the top of the band today should be about 70-75 based on 04 high of 145. The lower band is about 50% of the top or today about 35-40.

  • pobres pobres Jun 26, 2014 4:18 PM Flag

    The price of oil is set on NYMEX not by OPEC. OPEC has about 3 to 4 million barrels of spare capacity. It is wall street that is keeping the crude price high. Also ICE which is owned by Goldman Sacs, JP Morgan, BP, and 2 others. ICE is an unregulated shadow exchange. You want to blame someone for high oil prices blame the fed. It is the free money they are lending the banks that is then invested in commodities that is causing the price to be high. Barney Frank want to make it illegal for banks to trade their own account and invest in commodities if they took fed money but was rebuffed by the republicans.

  • pobres pobres Jun 24, 2014 11:23 AM Flag

    Take a walk dude, you need some fresh air.

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