Wall Street is up to its old tricks again. One year later, one of the key excesses that led our consumer-based economy into an historic downturn is being abused in the exact same way that got us $147-a-barrel oil last summer. Worse, many in the media are again getting the facts wrong on oil prices and demand—as if the oil and gasoline price explosion of 2005-2008 never happened—as one look at last week’s oil report will verify.
Continue reading the disgusting details.
It is a shame that the worthless human debris on Wall Street and their government lapdogs care so little for their country and fellow citizens.