The Goldman Sachs gaming chips you pump into your car’s gasoline tank are now trading at $81.50 per barrel, only $3.50 from Goldman’s predicted “$85 per barrel in October”.
This, despite the continuing unprecedented global collapse of all real world economic production which requires fuel from refined oil to operate.
The only thing which should be driving up the price of oil is a steadily growing demand among the populace to take the tankers holding Goldman’s hoard of contango oil, drop it onto Goldman’s N.Y. office and ignite the resulting mess.
Frankly, I don’t understand why there isn’t a 9-mile wide smoking crater where Wall St. used to be – other than the fact that the vast majority of civilized people who would benefit from such an event are not fanatical terrorists and would never harm innocent people - NOT something that can be said about Goldman Sachs and their brethren Wall St. predators.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.