Oil Price Jumps 8.5% in One Day: War is a RacketSubmitted by MaxK on Tue, 02/22/2011 - 20:23
We live in a huge speculation bubble caused by near zero percent interest rates by the Federal Reserve. The silver market is ruined for the banks. 8.5% increase in oil is not an uncertainty if you know it is going to happen.
Read this book by Major General Smedley D. Butler.
"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."
-- Andrew Jackson