Went to our local Lowes/Home Depot yesterday to purchase a gallon of
mineral spirits and lacquer thinner, WOW! what sticker shock MS= $8/gal
LT= $13/gal, I bought last year at MS=$4, LT=$8.
That's not all of it, went to Sams and again was hit with SS, fish has
gone up 50% since one month ago, toilet paper seems to rise every trip
to Sams at the tune of $1/bundle.
It's called ' a population being harvested for their money'. IOW,
screwed out of their earnings..aside from tax.
It's called making sure the petroleum products stay 'controlled' in
production by invading an oil-producing country which was threatening to
sell lots of oil, cheap, for Euros.
Oil companies want it that way...that is... if you want their campaign
All controlled by the Trilateral Commission. Or is it the Illuminati?
Sorry, I'm a little behind on current kook theory. Why would it have been
in Iraq's interest to sell at below the going rate? And wasn't Iraq still
under UN sanctions on sale of oil at the time of the start of hostilities?
Not counting the UN oil-for-bribes program, of course. You're sure it
couldn't be that a) the supply of petroleum is finite and b) worldwide
demand is increasing?
The dollar is the de facto world reserve currency, the more dollars
there are circulating outside the US, or invested by foreign owners in
American assets, the more the rest of the world has to provide the US
with goods and services in exchange for these dollars.
If OPEC or Iraq were to decide to only accept euros for its oil then
American economic dominance would be over. Not only would Europe not
need as many dollars anymore, but Japan which imports over 80% of its
oil from the Middle East, not to mention China, would think it wise to
convert a large portion of its dollar assets to euro assets. America
itself would also have to invest heavily in Euros in order to purchase
Of course you'll never trouble the conspiracy theorists with reality, but we
import most of our oil from our hemisphere, or Africa....
Think that would devalue the dollar enough to make use competitive again?
Who we buy our oil from isn't really important. The reason other
countries choose to save in dollars, to a far greater extent than in
any other currency, is very much influenced by the fact that oil is
sold in dollars. I'm no conspiracy nut, I'm really not sure what the
underlying reasons for going to war were but I'll be glad when it's
To say that it isn't important in what denomination the most important
commodity is traded in is simply not true though. Anyway, as you were,
this is a woodworking group after all :)
I thought the subject of this thread was about the price of solvents. If
you want to have a discussion on the Iraq war, start a new thread. As for
the increasing cost of petroleum-based products, my belief is that it has
more to do with supply and demand than a global conspiracy.
I get a little tired of hearing about "supply and demand" - just a
synonym for greed.
If I can make a good living selling widgets at $100 each, why, other
than greed, should I increase my price if people want more than I'm
What counts is the 'short-'n-curlies' syndrome. AKA greed.
Drug dealers operate on the same principle. Get the user dependant then
jack up the price. IOW.. it's the oil company shareholders who want a
better ROI. Greed. Artificial shortages. Hoarding.
As soon as supplying nations like Iraq, Iran or Venezuela want their
fair share of profits to supply the demands of the SUV addicted, they
get black-listed via the propaganda machines owned and operated by the
cartels/PACs/campaign contributors. Especially when they chose to change
their fiat currency to the Euro, in fact sinking the very thing that is
holding up the US dollar.
Then again, what-the-hell do I know.
Nope, not so. Big new players in the demand side, cartel on the supply with
oil, and all kinds of new risks.
It might help you to reflect on the fact that the US is the "greediest"
per widget, a sum Brazil and Burma (Myanmar) cannot begin to pay for them.
If you seek the face of greed, you shave it every morning....
Because it is the duty of a Corporation to maximize the shareholders
Greed (profit maximization) is the Corporate DNA and only intrinsic rule,
all the other rules were imposed on the corporation by goverments who soon
discovered that left to it's own, this "legal entity" would act as a
sociopath and destroy everything around it.
rent the movie: "The Corporation" for more information.
Is viewing the movie "The Corporation" better than an
understanding of basic economics?
Movies ALWAYS tell the truth. Don't they?
I'm not a complete idiot - several parts are missing.
| > I get a little tired of hearing about "supply and
demand" - just a
| > synonym for greed.
| > If I can make a good living selling widgets at $100
each, why, other
| > than greed, should I increase my price if people
want more than I'm
| > producing?
| Because it is the duty of a Corporation to maximize
| Greed (profit maximization) is the Corporate DNA and
only intrinsic rule,
| all the other rules were imposed on the corporation
by goverments who soon
| discovered that left to it's own, this "legal entity"
would act as a
| sociopath and destroy everything around it.
| rent the movie: "The Corporation" for more
I hear the same things from conservative who say "let non profit take care
of social issues, if I paid less taxes, I would give more"...
in reality, if you made, let's say an extra 10%, you would give only 5%
more, (in best case scenario), but in the end, you get more money... Greed.
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