"A Shuffle of Aluminum, but to Banks, Pure Gold"

Discussion in 'Too Hot for Swamp Gas' started by philnotfil, Jul 21, 2013.

  1. philnotfil
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    philnotfil Well-Known Member

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    Genius, but evil.

    nytimes.com

  2. Lawdog88
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    Lawdog88 Well-Known Member

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    If price rigging and similar schemes that drive up the prices of everything from commodities, food stuffs, electric services (hey, let's drop the voltage just a tad), etc., etc., could be first noticed and then stopped, maybe the average guy could catch a break . . . instead of the fat, manipulative cats sopping up the pot liquor, and not doing a damn thing.
  3. gregthegator
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    gregthegator Well-Known Member

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    yet the 1% must BE defended by MANY here....:sick:
  4. Gatorrick22
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    Gatorrick22 Well-Known Member

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    It's only .1%. A tenth of that.


    So, in other words they affect the price of Aluminum one thousandth of the actual value or selling price.

    That's 10 cents for every one hundred dollars on the price. :roll:
  5. madgator
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    madgator Well-Known Member

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    They're doing it with food as well....the only thing is that they are not letting this effect the US market.

    in other places in the world.....food shortages are not uncommon.


    the problem with your claims is that this is not the result of a free market but exploiting a REGULATORY loophole and the fact that they can do is the result of reserve rules and leveraging regulations. which are also of course implicitly guaranteed by the federal government.


    Obama has done little to change laws regarding institutional trading in commodities......
  6. gregthegator
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    gregthegator Well-Known Member

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    yep...but least you FORGET...they add .10 cents on EVERYTHING....gas, electric, insurance, ect...

    but hey...if you want to defend them...that's your right:sick:
  7. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Not defending... just pointing out facts... so that some people's embellishments shouldn't exaggerate the truth.

    I'm sure the same people here don't mind that one third of the price of a new car is directly related to the cost of union pensions. Don't "FORGET" that little reality about Capitalism.
  8. rpmGator
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    rpmGator Well-Known Member

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    Oil has been doing this forever and doing it right this second as prices have gone up due to refinery issues.

    Aluminum take more energy to make than any other product and why there is a town called Alcoa in Tennessee next to the energy plants of the TVA.

    To get an idea how much, to make two beer cans, you have to fill one up with gasoline to equal the energy used. They use electric of course, but a idea of the amount.

    Adding middle man costs, just screws the public and many in business who use the product.

    Besides, glass has a better taste imo.
  9. 108
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    108 Premium Member

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    a wild guess that you can't see the difference between part of the price of goods comes from pay related expenses and benefits, versus it coming from intentionally inflating prices by investment banks? :no:

    and yes you are attempting to defend, and now deflect...is it that hard to just admit a wrong that needs to be fixed?
  10. Gatorrick22
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    Gatorrick22 Well-Known Member

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    It's called making money in the system that we have. If you don't like the system we have then say how you'd change it, and only then could we get to the root of your angst. Until then, I'll just believe you want nanny state regulations and interference for every market we have. No deflecting and no defending, except for my defense of our way of life - Capitalism.
  11. exiledgator
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    exiledgator Gruntled Premium Member

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    I didn't read the article, just the quoted text, where are you getting that it's only 0.1%?
  12. rpmGator
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    rpmGator Well-Known Member

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    So Rick, you like getting taken by business...
  13. Gatorrick22
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    Gatorrick22 Well-Known Member

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    NO, not at all, but please tell me how you feel about coal, oil and NG... and Obama's illegal use of the EPA to implement a treaty called Kyoto...
  14. Gatorrick22
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    Gatorrick22 Well-Known Member

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    It was in the quotations in the OP.

  15. exiledgator
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    exiledgator Gruntled Premium Member

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    I see. But that's $.001 per can. If a can costs $1.00, it'd be 0.1%.
  16. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Soros... He's investing heavily in food crops/commodities. Obama and his QE-infinitum are the reason commodities are soaring, and being played by investors.
  17. CHFG8R
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    CHFG8R Premium Member

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    But you defend Goldman, JPMorgan-Chase and Co.? It's no different. They're all fascists who use government influence to game the capitalist system. True capitalists they are not, nor are they worth defending in the name of capitalism.
  18. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Yes, so where do we disagree?
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  19. madgator
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    madgator Well-Known Member

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    perhaps the most accurate post I have ever read in too hot.


    rep for you!
  20. G8trGr8t
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    G8trGr8t Premium Member

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    who voted for these government officials? as long as the average voter is relatively ignorant of the issues and the facts, the system wil remain in place. Do you think the NAACP and the ACLU don't use gubmn't influence to push their agenda and get preferential treatment in ltos of areas due to their influence? 0 needs new members for the NLRB, he calls that unions to find out who to appoint. Our gubmnt is corrupt because the electorate is ignorant or too consumed with big brother or american idol to pay attention
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