I disagree. Perhaps there is a technical distinction that is being lost. Speculators who hold the physical assets are great.
There is nothing wrong with that, and they can lose as well. The old fashion land speculators, actually owned the land and went bust.
Today's problem are the speculators who 'buy' something, ie ETF's, Oil, without the physical delivery.
Finally, it is the fault of both dems and repubs, not simple rats. Dunno why your pushing the idea that Rats are only responsible.
“””Today’s problem are the speculators who ‘buy’ something, ie ETF’s, Oil, without the physical delivery.”””
The ETF takes physical delivery. Letting someone act as your agent has been part of business for centuries.
Where did I say anything about the Democrat party?
I mentioned the left, who are socialists/communists and who attack the free market and capitalism whenever they can.
And I disagree with you. If you and I buy gold and silver, that is quite different from the mega-investment firms that I listed WHO USE TAXPAYER MONEY and NEWLY PRINTED FIAT MONEY to invest heavily in commodities.
What they are doing is manipulating the market, which should warrant an SEC investigation, not praise. You and I don’t have that kind of “capital” advantage. And they are at one in the same time printing new money, receiving it before the velocity of money increases, which means money is moving on the streets which is what finally results in inflation and the devalued dollar. Once again, it is the Corporate Socialists who use the newly printed money before it devalues to invest in something that will go up in value as the dollar devalues.
This is classic “central banking.” And that is why “central banking” is really “Socialist banking.”
Hell, yeah, republicans and democrats, they are irrelevant. What matters is money and gross profit PRIVATIZED while the losses are SOCIALIZED.
Huge difference between that and some schlep employee of a small firm speculating at what cotton will sell at in a year.