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But what's this?
I love looking at sites that are so correct in their field.
But refuse to believe in civilization ending scenarios
coming from outside their expertise:
"
Oil has gone from $55 a barrel on up to $132 a barrel. Inflation could account for about $30 of that increase. I wouldn't blame this mess on the oil companies, this has all of the ear marks of a speculative corner of the oil market by parties unknown.
The commodities markets are going to have to limit the number of contracts written and only accept liquidation orders like they did with the Hunts. It's kind of like sticking a broom handle into the spokes of a moving bicycle. It will be quick and brutal. Hold on to your SUV and your hat, another bubble is about to pop."
http://greatdepression2006.blogspot.com/
And as this very same site picks up on who really owns the markets.
Let me post this again:
"The commodities markets are going to have to limit the number of contracts written and only accept liquidation orders like they did with the Hunts."
Inflation is responsible for an increase in the price of oil or is it that the price of oil is responsible for an increase in inflation?
Yeah, well that's the question, isn't it?
In my opinion, it's the price of oil that is primarily responsible for the price inflation we're seeing, but there certainly has been a pile-up of dollars in the world over the past few years, which means it's probably both.
Or how about inflation is the result of an increase in the money supply?
As an example:
http://www.futurecasts.com/Understanding%20Inflation.html
Hi mcgo, here is a day later from denninger