ANOTHER YEAR, ANOTHER REAMING

This year / this time it's Iraq again. Use the Al Queda bogeyman to push oil prices (and profits) up. Captive audience of consumers is easily distracted from glut of North Dakota oil being refined and  sold to Latin America and across the Pacific to Japan and Korea...and maybe getting to China. It's just a great big wad of bullspit to drain the struggling but populous middle class.

Traders fret Egypt may stabilize and cut their manipulation profit

"Traders on edge" HORSE POOP Speculators raking in oil profit!

Crude Oil Nears $100 a barrel...again.

As an oil analyst wrote, "...it's only a matter of time before crude breaks $100."

And only a matter of time before the high cost of fuel breaks *US*!

I keep wondering what the history books will say about all of Western civilization being controlled for decades by its source of fuel, and by the people who control that fuel. Hopefully there will be someone
who survives this idiocy to write about it.

DOW drops 560 points in 2 days..."on Fed fears"

You mean, investors are worried that the Federal Reserve will stop shoveling cash into the Slop Market?? Could it be people have realized that this is all that's holding up the economy, fattening the rich faster than ever?

A NEW global recession? PIMCO says 60% chance. I say higher!

...considering Europe never really pulled out of the first one! The Eurecession is five years old and some EU countries are worse off than ever. What does this mean for the USA and its faltering recovery? It's gotten a lot better for the wealthy, but lagging re-employment and the continuing plundering of consumer wealth by the BANKS and OIL COMPANIES probably means we'll join them. Best case scenario: American workers may finally realize the system has been screwing them all along, and find a way to take back the comfortable lifestyle that their labor should provide!.

Uncle Sam is paying banks NOT to lend you money

The Federal Reserve is rewarding banks for not lending money. While bank deposits at the Fed rarely surpassed $25B in the past, there is a whopping $1 TRILLION there now, paying (overpaying!) .25% interest! CHASE has over $200B there and WELLS FARGO $100B. Money they should be LENDING to finance growth that would get us out of the Great Recession. But it's risk-free there. Given bankers' decisions in the past, maybe that's a good plan for them.