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re: How GS Created the Food Crisis
Posted on 4/30/11 at 10:00 am to igoringa
Posted on 4/30/11 at 10:00 am to igoringa
quote:
So you are telling me there is absolutely no profit margin on this excess revenue? Cmon now
No I'm not saying that, the article states it. I knew this article would cause a stir. My point in posting the article is that the markets are NOT really Free markets. They have been tampered with through financial engineering and investment products. Question is how much of the rise in the price of food and other necessities is demand and how much is speculation.?
A natural rise in demand from improving markets would cause a rise in the demand for food around the world. The problem is that when one can speculate on a commodity WITHOUT TAKING DELIVERY, then that becomes gambling as sure as sitting at a blackjack table in vegas. It is an artificial demand.
The housing bubble was acerbated by the financial products that were engineered to move the markets. Same with commodities.
Posted on 4/30/11 at 3:12 pm to Blakely Bimbo
To call that comparison laughable would be an insult to laughable things.
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