AfricaSpeaksHowcomyoucomRaceandHistoryRootsWomenTrinicenter
Homepage
Message Board
Buy Books
RELATED LINKSCOMMUNITYREASONING FORUMCHAT ROOMARCHIVES
Photo Gallery | About Us | Terms of Use | Register/Create a Profile  
This is a new script for this board. Some posters would have to re-register.
We are sorry for the inconvenience.
Contact us at: rastafarispeaks@yahoo.com


Follow us on twitter and on facebook at:
AfricaSpeaksRastafariSpeaksCheik Anta Diop

Rastafari Speaks

Re: for what it's worth *LINK*
In Response To: Re: for what it's worth *LINK* ()

"Never forget that it's a lot easier to manipulate money and markets than it is to manipulate 'real' things like people and food."

* But it is not hard to manipulate commodity markets which have a lot to do with food prices.

"The media is reporting many reasons for this problem ranging from soaring demand, cuts in food subsidies, droughts, and government mandates to use more grain-based biofuel. But, another significant factor is at play: unfettered speculation by investment banks. As noted in USA Today, in 2008, "the bulls may not be running on Wall Street, but they're charging in the commodities pits.‰ At issue are the still deregulated commodity markets ushered in by the Clinton administration and the U.S. Congress with the passage of the Commodity Futures Modernization Act of 2000. Before this law, the Commodity Futures Trading Commission (CFTC) served as a cop on the beat, enforcing rules that prevent the distortion or manipulation of prices beyond normal supply and demand. But Wall Street banks and companies such as ENRON and British Petroleum were determined to make a lot more money from speculation by exempting energy-derivative contracts and related swaps from government oversight.

For this reason, the 2000 law allows entities that have no stake in whether adequate amounts of food and fuel are available for ordinary people and commodity-dependent businesses to make huge sums of money by gambling with other people‚s money.

Soon after passage of the 2000 law, "dark" unregulated futures trading markets emerged, most notably the Intercontinental Exchange (ICE) in London -- created by Wall Street and European investment banks and several oil companies. A key practice involves "over the counter index trading" in which hundreds of billions of dollars of pension, sovereign wealth, and other institutional funds are used to flood "dark" commodity markets to buy and hold futures contracts without an expiration date or oversight. When it's time to make money on a losing bet, these funds are withdrawn, causing commodity price crashes and economic instability.

These transactions don't involve customary "bona fide commodity traders, such as an airline company hedging on the price of jet fuel by purchasing futures contracts. As prominent hedge fund manager Michael McMasters noted before a U.S. Senate panel in 2008, this amounts to "a form of electronic hoarding and greatly increases the inflationary effect of the market. It literally means starvation for millions of the world's poor. . . " source: http://counterpunch.org/alvarez02042011.html

I would say Obama's GMO moves have a lot to do with "cornering" market share in this new era of destabilization. Control food markets and you have an amazing bargaining chip with which to try to stay in a power position.

Messages In This Thread

M . E . C . A . .... *LINK*
Re: M . E . C . A . ....
The Gospel of Thomas
Re: M . E . C . A . ....
Re: M . E . C . A . ....
Re: M . E . C . A . .... *LINK*
Re: M . E . C . A . .... *LINK*
Re: *NM* *LINK*
Re: *NM* *LINK*
for what it's worth *NM* *LINK*
Re: for what it's worth
Re: for what it's worth *LINK*
Re: for what it's worth *LINK*
Neocons’ Tepid Reaction to the Egyptian Democratic *NM* *LINK*
Re: Neocons’ Tepid Reaction to the Egyptian Democr
Re: Neocons’ Tepid Reaction to the Egyptian Democr
Re: Neocons’ Tepid Reaction to the Egyptian Democr
Re: Neocons’ Tepid Reaction to the Egyptian Democr
Re: for what it's worth *LINK*
Re: for what it's worth
Re: for what it's worth *NM* *LINK*
Re: for what it's worth *LINK*
"Every soldier is some mother's son" *LINK*
Re: "Every soldier is some mother's son" *LINK*
Re: "Every soldier is some mother's son" *NM* *LINK*
swiss assets frozen *NM* *LINK*
convenient coma? *NM* *LINK*
Egypt’s Coup d'Etat *NM* *LINK*
Re: Egypt’s Coup d'Etat
W.W.T.S. ? *NM* *LINK*
Iran Naval Ships to Cross Suez Cana, 1st since '79 *NM* *LINK*
Re: Iran Naval Ships to Cross Suez Cana, 1st since
The litmus test *LINK*
Egypt vs. IMF *NM* *LINK*
Egypt new PM claims more powers than predecessor *NM* *LINK*
So what might I learn from this? *NM*
Re: So what might I learn from this?
Re: swiss assets frozen *LINK*
Re: swiss assets frozen *LINK*
Re: swiss assets frozen *NM* *LINK*
word/power/truth
Re: swiss assets frozen
Re: swiss assets frozen
Re: swiss assets frozen
Consider This... *LINK*
U.S. Prepares to Make Its Lunge at Libya’s Oil Fie *NM* *LINK*
USA to the rescue of Libya...God Bless Obama!!! *LINK*
Mugabe...Chavez...YOU ARE NEXT!!! *NM*
Then there's this... *LINK*
Re: Then there's this... *LINK*
Re: Then there's this... *LINK*
this guy is usually on point. *NM* *LINK*
So I reckon you can rule out sun flares *NM*
Where is your Hero?
"the red button problem" *LINK*
Re: "the red button problem" *LINK*
Re: "the red button problem" *NM* *LINK*
Personal Responsibility & Accountability
Will you take the word of an Arab? *NM* *LINK*
Take his word for what? *NM*
Re: Take his word for what?
Re: Take his word for what?
Re: Take his word for what?
yes *NM*
Re: Take his word for what? *NM* *LINK*
'No question' Gadhafi ordered Pan Am bombing, *NM* *LINK*
Re: 'No question' Gadhafi ordered Pan Am bombing, *NM* *LINK*
Re: 'No question' Gadhafi ordered Pan Am bombing, *LINK*
Re: 'No question' Gadhafi ordered Pan Am bombing, *LINK*
Why the finger-pointing all of a sudden? *NM*
Is Kenya Next? *LINK*
Re: "Every soldier is some mother's son" *LINK*
Re: for what it's worth *LINK*
Re: for what it's worth *LINK*
As I have been saying all along... *LINK*
Did the US Give Green Light for Ben Ali’s Overthro *LINK*
Re: Did the US Give Green Light for Ben Ali’s Over *LINK*
The Eye of Providence changing shape? *NM* *LINK*
Re: The Eye of Providence changing shape?
China likely remembers . . . *LINK*
Smugglers, Patriots, and Masons *NM* *LINK*
Re: Smugglers, Patriots, and Masons *NM* *LINK*
Re: The Eye of Providence changing shape? *LINK*
Re: The Eye of Providence changing shape?
Have you viewed the homepage video on Libya? *NM*
Where would I find this? *NM*
Re: Where would I find this? *NM* *LINK*
re: *NM* *LINK*
Re: M . E . C . A . .... *LINK*
Re: M . E . C . A . .... *LINK*
Re: M . E . C . A . .... *NM* *LINK*
Why we are here?: ãÍãÏ ÇáÈæÚÒíÒí ! Mohamed Bouazzi *LINK*


FAIR USE NOTICE:
This site may at times contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml


Copyright © 2003-2014 RastafariSpeaks.com & AfricaSpeaks.com