Posted on 09/30/2008 8:59:50 AM PDT by Pfesser
If you look at what happens, every time they talk about bailout, and every time it looks like it is going to happen, oil goes up, way up. OPEC sets it. Oil goes up. It takes all of the juice out of whatever they are doing. So every time they do something that's artificial, oil goes up.
The beauty about this is oil is going to go down like a rock, and there is nothing anybody can do about it. And I love that. ...
TRUMP: Oil is the lifeblood. Oil — it's no different than the blood that pumps through your body, Neil. Oil is the blood. The blood was sucked out of us by people that are making more money than anybody has ever made in the history of the world, literally, and that is literally and figuratively.
Oil is the lifeblood. Oil is going to drop, and ultimately, that is going to lead to a very strong economy. Every time they do something. Every time a move is made, if interest rates go down, oil goes up. No matter what happens that is positive, oil goes up. ...
All of the good that that has done — and I don't say it's negative, but all of the good that that has done, they are going to raise oil prices, and it is going to take all of that good away. So oil is going to drop like a rock if nothing happens, and that's a good thing for our economy, and a good thing for the world.
(Excerpt) Read more at foxnews.com ...
Here is something to think about this bailout and the consolidation of credit with a few major companies such as Goldman Sachs, Citi-bank, Bank America:
From: Financial Post of Canada
Marx’s Proposal Number Five seems to be the leading motivation for those backing the Wall Street bailout
By Martin Masse, September 29, 2008
“In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”
Link:
http://network.nationalpost.com/np/blogs/fpcomment/archive/2008/09/29/bailout-marks-karl-marx-s-comeback.aspx
I saw this yesterday. Some folks think the Donald only knows about real estate. His observations make a heck of a lot of sense to me.
Why is it that I’m starting to like Trump (slapping self in face.)
The only downside to low oil prices is the fact that it takes the urgency out of the need to drill here and now in the eyes of many.
This bill will never pass if they keep referring to it as the "bailout bill". They should call it what it really is --" The bend over, I'll drive bill."
Yeah, I don’t get the scare-tactics about China’s connection to our economy. “Better watch out, China’s heavily invested in our currency. They’ll get pissed and start their own banking system if we collapse.” So what? China’s investment is China’s problem.
Similarly, when government artificially offers excess credit to those who do not qualify for home loans, you get inflated housing prices.
The great irony is that “affordable housing” measures had precisely the opposite effect.
Same effect with the special tax-free treatment of medical benefits: health care price inflation.
Student loan subsidies? Tuition inflation.
“The bad news—nobody has any money to go anywhere and there is noplace to go.”
We can start buying gas with whiskey. Until the government tries to tax our whiskey, and then we’ll have to be mowed down by national guard fire. How about we go straight barter? “I’ll trade you a song for a thimble-full of unleaded, mister.”
Hopefully, the Pubs and W will steer this country to energy independence once and for all.
Our economy can grow rapidly with cheap and reliable means of energy. We can't feed this nation or the world on $120 / barrel oil.
I think that what he’s trying to say is that OPEC is invested in the market. So, when we bail out the market, we bail out OPEC so OPEC has a win-win. With no bailout, the markets go down and OPEC must lower oil prices to revive the market.
I’m confused. Didn’t I read last week that OPEC is going to cut back production, not cut prices?
Although OPEC states that production will be cut the Saudis countered the statement that they would not honor the cutback and would actually increase production to meet demand.
OPEC can’t eat oil, and we are its biggest customer. The cost will come down as far as necessary to allow us to continue taking oil off their hands. There, Mr. Trump. does that help?
Thanks for the clarification.
We cut some kind of deal with Saudi recently, anyone have an idea what it might be?
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