View single post by Joe Kelley
 Posted: Sat Jan 14th, 2012 01:15 pm
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Joe Kelley

 

Joined: Mon Nov 21st, 2005
Location: California USA
Posts: 6399
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Oil Currency

The fewer cargoes produced, the easier the underlying market is to manipulate.
The power to make oil scarce is a power that can increase, so as to make oil even more scarce, increasing that power even more.

Why?

Because power is essential for life on Earth, make it scarce, and people will do anything to get some of the scarce power, rather than none.

The same formula applies to all powers, such as water, sunlight, warmth, shelter, clothing, defensive weapons, communication, food, electricity, and accurate information.

I also proposed root and branch reform of global energy market architecture, which in my view can only come from producer nations and consumer nations collectively, because intermediary turkeys will not vote for Christmas.
Advise the Legal Criminals to steal less and what do you get?

If Honest Productive People had their own money, disconnected from the Legal Monopoly Fraud Money, those "Traders" would not have acquired the vast power that is required to construct those gambling games, where the stakes are high, not just playing for fun, not just using worthless pieces of paper, not just worthless digitized numbers on a program in a computer network. They, the Legal Criminals, would have to ask the workers to work, and move the oil, and the steel, and the cooper, and the food, and the water, and the Legal Criminals would have to offer something valuable in return, if the Legal Criminals, without their Legal Money Monopoly Fraud, wanted something of values, something to collect, to store, and to build, and build, and build into a vast supply, to then use wastefully, on gambling, or anything under the sun.

Without the power to take, by way of fraud, and by way of threats of violence, the vast sums of collected power required to create, produce, and maintain all those gambling games, called "markets" euphemistically, what would the Legal Criminals have as a means to collect such vast sums of power?

This is easy to see by knowing that those "markets" are denominated in dollars. Suppose there were another legal currency produced in direct competition with the dollar, and all the honest people used that competitive money instead of the dollar, having nothing whatsoever to do with any dollar accounts at all.

How would those Oil Companies pay their workers? If they paid in dollars, then how would the Oil workers pay for anything made by any other worker, any other worker that uses the competitive money?

Just, simply, remove all the dollar accounts from everyone except those who are invested in dollar accounts. Every single person who can, is a person who does, invest into the competition, by using a money other than dollars, and picture now those two groups.

A. Those invested in dollars
B. Those invested in a competitive legal money

Whatever is done by those invested in dollars is of no interest to anyone who is no longer connected by dollars to those who are doing whatever they are doing with dollars.

Now you can understand the significance of enforcing an Oil Monopoly that requires the payments of oil in dollars.

What can the competitive legal money people do if they have no dollars, want no dollars, and therefore cannot buy oil, and therefore have no oil, what can they do instead of consuming oil power?

What competitive power is available instead of oil?

There is sunlight. There is no way, short of Nuclear Winter, or some other Global catastrophe, to make the sun scarce, on purpose, to manipulate the Sun market, and thereby make people who need the sun pay more for it.

The ‘inflation hedging’ meme gradually gained traction and a new breed of Exchange Traded Funds (ETFs) and structured investment products were created to invest in commodities.
Try to understand something simple concerning "investment" opportunities. Very few people have money to burn on investments. The number of people who earn more than they owe is small. The number of people who owe more, and even much more, than they can ever earn, in a life time, is large.

Here is the score board:

I owe, I owe, so off to work I go

There is no such thing as investment in a Legal Crime Fraud Network such as The Dollar Hegemony. It is rigged from the top down. There are a very few number of people who have the power, the say so, the control, over the production of new dollars, and they can simply add zeros to their own bank accounts.

If you cannot grasp the significance of that fact, then how can you ever understand those things they call "markets", which are things that can be observed, things that can be measured, and things that can be known, as well and any other thing that a person can know.

People at the top buy something with the money they create; otherwise they would not create more money. They buy control over other people, and they buy control over what other people do, and therefore they, those few people, invent, produce, and maintain those markets, those markets that are denominated in dollars, those markets, are the property of those people, because they have the power to control them.

Give unto Cesar that which is Cesar's.

Those markets are the properties of those people, those people who have money to burn. What about the rest of humanity?

Where do you think those few get their power to burn?

They have to attach themselves to the rest of humanity, and that attachment is the money.

If the rest of humanity refused to use the fraudulent money, and if the rest of humanity invented, produced, and maintained a competitive alternative, or two, or three, or four competitive alternatives, then the Legal Criminals would eat each other until there were none left, or they too would have to go find honest work.

There was (and still is) no piece of news which cannot be interpreted as a reason to buy crude oil.
The other connection, besides money, that connects the Legal Criminals to the targeted victims is the various forms of "news" which isn't news, it is false advertizements, or behavioral modification media, or response conditioning media, or brain washing, or false propaganda, or in those words quoted above, it is control, in other words.

Those who are controlled are owned by those who do the controlling.

The motivation of the investors involved was not greed but fear. The Fed had been busily printing another trillion in QE dollars to buy securities and the sellers, and other investors aimed not to make a dollar profit but rather to avoid a dollar loss.
Who has the single, monopoly, and only one, license to create dollars from nothing?

What is this Fed thing?

Why can't they use words that convey accurate meaning, such as extortion, or counterfeiting, or theft, or fraud, when they do things, and they use words to label the things they do? Why do they used terms like QE instead of using the word Fraud?

What is QE? What is Quantitative Easing?

That must be understood. Failing to understand that is a root failure, leading to nothing but confusion from that root failure onward.

Quantitative Easing, or QE, is a process by which a very few people decide to create more dollars, out of nothing, and then they buy something.

Some people are then led to believe that those few people are buying something with that new supply of new dollars that is good for everyone, according to those few people, and then there are other people who understand that those few people are actually committing fraud, and those few people are not buying something that is good for everyone.

This is the root of the destruction that plagues our species, this that is definable as deception. This vast deception leads to much destruction. What those few people are buying is, in fact, more deception, and more destruction, and it just so happens that those few people also buy the best food that money can buy, for themselves, and the best places to live, that money can buy, for themselves, etc.

This is not rocket science. You don't need a degree in Economics to figure it out, and it may be a good idea to start thinking about inventing, producing, and maintaining a competitive legal money, or two, or three, so as to be in a position of power sufficient to sever the link to those few Legal Criminals, and then, you will have less power stolen, and you will have more power to use so that you can invest your power into the purchases of things that make more power flow to you, instead of having your power stolen through that link, which is dollars.

Dollars connect you, and your power to earn, your power to produce, to those Legal Criminals who use your power to make them more powerful.

Cut the credit card.

Cut this:

Credit Card

Those who produce, and earn, and do so honestly, productively, are the true lenders. Those who deceive, and destroy, are the borrowers. The borrowers have been able to make believe that they are the lenders, and who listens to such folly?

Can you count to one?

The price spiked to $147 per barrel, and then declined over several months all the way to $35 per barrel or so, as many of the index fund investors pulled their money out of the market in late 2008 and joined a stampede to the safety of US Treasury Bills. What was happening here was that the Dark Inventory which had been created flooded back into the market, and overwhelmed the market’s capacity to absorb it.
There is where the ultimate, top tier, fraud is at play. The insiders who know when The Dollar Hegemony is going down, also know that US Treasure Bills are far from secure, they are going to be blow up, burst, in time. Those few insiders will already have their titles to property denominated in whatever new Legal Monopoly Currency takes over after The Dollar Hegemony bubble is burst.

In other words: the dollar has been the money used to buy oil, and it has been the "reserve currency" of the world, and therefore it has been The Dollar Hegemony, since World War II, when The Dollar replaced The British Pound as the one Legal Monopoly Currency. World War III is the name of the events that will result in a new Legal Monopoly Currency to replace The Dollar Hegemony.

In other words: U.S.A. Inc. (LLC) is a corporation (fascist government legal fiction) that is being raided right now.

Who are the corporate raiders who are raiding U.S.A. Inc. (LLC), gutting it, siphoning off all the value that isn't nailed down, and even leaving the earth scorched as to what is nailed down?  Who are they, what are they doing with all that value, that surplus wealth that was once held by all those Honest Productive People in America?

What will be the new World Reserve Currency after World War III is done and in the history books, written by the winners, if there are any left, in bunkers, or walking on the surface?

That is information that is on a need to know basis. I don't have that inside information, and the person who wrote the article I'm reading now may not have that information either, or that person does have that information, but he, or she, or they, aren't giving up that trade secret.

They know when to get out, because they cause the reason to get out, and all that can be called The Business Cycle, and all that depends upon that connection between them and their targeted victims, which is the one Legal Money Monopoly Fraud.


But there is very considerable debate among economists about the effect of derivative contracts on this spot market price, and whether it is the case that the futures market converges on the physical market price or vice versa.

Now, in the case of a deliverable exchange futures contract, a price is set for delivery of a standardised quantity of a particular specification of a commodity at a particular location within a specified period of time. If that contract is held open until the expiry date and time then there will indeed be a spot delivery and payment against documents at the original price. In accordance with the exchange’s contractual terms.

Again, that has to do with people who have money to burn, there is a group, and you are not in it, and that group consists of people who have vast sums of power, they have much more power than you will ever earn in your entire life, and they play with that power, they have that power, and they play with it, they are gaming, they can afford to play with that much power, they have control over that much power, and they play by the rules that are within that network of people who have vast sums of power.

You don't.

Why would you ever have enough interest to figure out how those rules work, within that network of very powerful people; curiosity?

If you have the slightest bit of power earned, saved, kept, stored, in reserve, in case of emergency, then, you have your own interests concerning how to keep that reserve from loosing power, from evaporating, or going bad, or being stolen, or lost, or devalued in any way.

If you could buy something that used the power you had stored to make more power out of less power, then that would be a powerful thing to buy, would it not?

Suppose you too began having an interest in doing something with an amount of savings that you accumulate into one fund, one bank account, one pile of valuable, powerful stuff, so you too begin to dive into the game of monetary investment.

Why not suppose?

Who, and how many, out of all the people on the planet, are in that position, that position of having money to burn, that position of having a sum of power in reserve, a store of wealth that is more than they consume; how many of the species human are those owning, and controlling surplus wealth?

The number is very few, and that number is move to a smaller numbers, so long as the power that does exist does not make more power, or is not used to make more power.

What do you buy if you want the power you have to make more power?

A gun?

A lie?

That is one way.

What is the other way?

There are examples of the other way.

A farm is one example.

Power is spent, consumed, and the end result is more power, more power after the farm works, compared to the power that existed before the farm was invented, produced, maintained, and began making more power out of less power.

A Solar Panel is another example of power being used to make more power.

This is not rocket science, and people do not have to believe in anything concerning these simple facts. If something makes more power than the power required to make the thing, then what is that thing?

What, for example, is a farm?

What, for example, is a Solar Panel?

How much measurable power goes into it?

How much measurable power is produced by it before it is no longer capable of producing any more power.

There is a way to measure power. Power can be measured as Watts,  and power can be measured by converting other measures to Watts.

How many watts of power are required to cause a farm to start producing, and to keep a farm producing power.

Calories can measure power too.

How many calories are needed to make a farm start producing food?

How many calories are produced by the farm before the farm completely wears out?

A. Cost
B. Benefit

Is A less that B or is A more than B?

If A is more than B then the farm idea, the farm "meme" would have never taken hold of the interests of human beings.

B is more than A.

More power is produced from the expense of a measurable sum of power.


With interest rates at zero per cent, and with the Federal Reserve Bank printing dollars through QE, a tidal wave of money flowed into equity and commodity markets purely as an alternative to the dollar, and they did so through a proliferation of funds set up by banks.

Note here that the beauty of such funds for the banks is that it is the investors who take the market risk, not the banks, and the marketing and operation of funds has become a very profitable use of scarce bank capital.

Those words convey what I call a Patented Absurdity, or a self contained contradiction.

When a power exists then it exists, it doesn't become scarce while it exists. It is, therefore it is, when it isn't anymore, then it is gone. The Federal Reserve has a limit, but what is that limit?

What is that limit?

The people at the Federal Reserve increased the supply of dollars by double in 2008.

So, that is a clue as to the limit of the power held, and used, by those people.

Is that much power not enough power to be labeled as plenty of power, or an abundance of power, or a lot of power, or anything but the opposite, which is "scarce" power?

What is meant by that person writing that article when that person claims that there is this thing called scarce bank capital?

What does that mean?

Scarce Bank Capital

The bankers are starving?

The bankers are dying of thirst?

The bankers can't afford to lose one more drop of blood?

What is scarce?

Exactly what is scarce? I think that you will find, as I have, that knowledge is what is scarce, not bank capital. If the Fed can double the entire supply of dollars, then bank capital is not scarce.

When the dollar is no longer worth anything, then doubling the supply of dollars is an expense, or a reduction in bank capital, since someone has to actually give up the opportunity to do something productive so as to press those keys on that keyboard where the number of dollars are then doubled.

Dollars are not worthless, yet, so where is this supposed scarcity of bank capital?

Someone is playing someone else for a fool with that false statement.

I could be reading that message wrong too. Vital questions, like what do you mean by scarce bank capital, require accurate answers from the author - absent that there is guess work.

I guess that scarce bank capital is not scarce, and the word was misused.

Iran ‘crisis’ is in my view being hyped for all it is worth to entice yet more unwary speculators into the oil market so that other producers may sell their production forward at high prices while they last before the inevitable and imminent collapse.
Is that selective perception? When people are being tortured, and people are being murdered, it is a crisis to them, and either those injuries and deaths are real or they are part of the false "crisis".

Before Iraq was invaded it was sanctioned, and the result of those sanctions were millions of torturous deaths. Was that a time of "crisis" too?

If there is no further military invasion of Iran, and no further injury and death, for reasons that may include causing or not causing the supply of oil to become scarce or abundant, then those potentially injured, or those potentially murdered people can be happy about that fact.

There is a very large amount of power being consumed in this stage show that can be called the Iran "crisis", how much does that add up on the scale of "crisis"?

Who pays that bill?

History does not repeat itself, but it does rhyme, and my forecast is that the crude oil price will fall dramatically during the first half of 2012, possibly as low as $45 to $55 per barrel.
The Legal Criminals may yet make sunlight scarce, so as to jack up the price - and call it a tax for our own good.