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12/04/2010

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Morocco Bama

It's yet another case of Bubble, Bubble, Toil and Trouble. Contrary to the propagandistic, misdirecting spin, oil is a playground for speculators.....and not some two-bit hack speculators, although there's room for all who dare to tread. Think Enron style manipulation. Those Boys In the Backroom and their Ethic didn't just fade away into the sunset. They merely slipped on a new costume, made new and more robust alliances.....and are blowing bubbles again. See, that's all the economy is anymore, if it was ever anything but. It's now a prodigious, if somewhat floundering, Bubble-Blowing Machine. The bubbles burst into a thousand more bubbles that in turn burst and so on and so forth.

This is perfectly predictable when you quite literally hand over trillions of dollars to the wolves blowing the bubbles. I'm surprised they kept their fangs off oil for the past two years....as though they were laying low. I mean, why bother? Who's going to do anything about the speculative inflation that's about to be unleashed like a plague of locusts on this year's potential harvest? No one, that's who.

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