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

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

  1. CHFG8R
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    CHFG8R Premium Member

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    I never suggested they didn't. But the power and influence of the big (former*) investment banks is beyond anything you and vote against. Face it, they are deep into both sides and play it from both sides.

    Question: What percentage of the economic advisers in Washington (Senate, House & Exec) do you think come from this world? 70%? 80%? And who do you think really crafts financial policy in Washington?

    This isn't a partisan issue. It's just plain fact. And nothing short of a revolution is going to change it, IMO.
  2. rpmGator
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    rpmGator Well-Known Member

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    Rick

    My stance on NG is to spider web the gulf with NG wells and use it to power the Southeast. Also to take Canadian and North Dakota Ng and replace oil burning heaters in the northeast with NG power. In the winter the oil industry makes us all pay more at the pump any time the northeast got cold.

    On coal, NG is kicking its ass with cheaper and cleaner fuel. That is a good thing on many levels.

    On oil, OPEC has colluded to cause shortages to drive up prices. But we all know you love OPEC because it is capitalist and you love getting bent over and screwed at the pump.

    Any more questions?
  3. exiledgator
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    exiledgator Gruntled Premium Member

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    A can won't cost $1.00.

    So taking $0.001 per can is not taking 0.1% unless the can costs $1.00 (highly unlikely).

    If a can costs $0.10 then taking $0.001 would be 1%

    If a can costs $0.01 then taking $0.001 would be 10%

    You claimed:

    This is incorrect according to the data given in the article (unless a can costs a manufacturer $1.00).
  4. rpmGator
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    rpmGator Well-Known Member

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    The can cost more than the product in it...
  5. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Rep.
  6. Gatorrick22
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    Gatorrick22 Well-Known Member

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    One tenth on one percent is a thousandth of the cost. That's what this adds to the final cost of aluminum.

    For every 100 dollars there's a ten cent add-on.
  7. exiledgator
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    exiledgator Gruntled Premium Member

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    The article says it adds on 10th of a cent. That is NOT a tenth of a percent unless the can costs a dollar.
  8. Gatorrick22
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    Gatorrick22 Well-Known Member

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    I cent is one hundredth of a dollar, or 1% of a dollar, therefore the percent is accurate. One tenth of that is one tenth of one cent or one thousandth of a dollar - or one thousandth of the final price.
  9. 108
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    do you think taking big money out of politics would substantially help?

    or strictly publicly funded elections?
  10. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Correct, that what you just wrote above is one thousandth of the price, or 10 cents on every one hundred dollars.
  11. exiledgator
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    exiledgator Gruntled Premium Member

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    A cent and percent are two different things.

    Pop quiz: If a can costs $0.001 to make, and this tactic adds $0.001 to the cost of the can what's the percentage increase in cost?
  12. rpmGator
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    The can still costs more than the product in it. The mark up from banks isn't the total cost of the can, just the bs profit.

    They are being investigated at this very moment.

    A six ounce steel can cost about a quarter each back in the 1980's, aluminum cost even more.

    The energy alone to make aluminum costs more than the product going into a food can for the most part.
  13. CHFG8R
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    I'm actually in favor of the latter. Would also force PBS to slate time every day (or all day) for free running of spots. . . or something along those lines. I like the idea of everyone having the same starting line and same finish line and the best man/woman winning.

    But let's not stop there. While we're at it, I say we completely de-ball both parties (and starve the media outlets of their bi-annual election payouts) by switching to a strictly non-partisan format which would include exactly ZERO financial support for any political party and the elimination of the primary system (the source of extremest power) as we know it.

    As for the former, I don't know. When you're too "big to fail", you're big enough to have the entire system infiltrated. Again, think of all those former Big Bank employees turned economic advisers. . . advising all those senators, representatives, Presidents, bureaucrats, etc.
  14. CHFG8R
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    100% ???
  15. rpmGator
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    You start at the mine, then transportation of ore, then make aluminum with the highest energy costs for any product, then pay everyone who had any hands on it so far, then you add the banker fee.

    That fee is now a lot higher when the product is already pretty expensive.
  16. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Once cent is one percent of a dollar, or one hundredth of a dollar. One tenth of that is one thousandth of a dollar. How hard is that to understand?
  17. exiledgator
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    exiledgator Gruntled Premium Member

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    Ding Ding Ding!
  18. exiledgator
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    exiledgator Gruntled Premium Member

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    Not hard at all.

    How much does the can cost?
  19. CHFG8R
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    Is it an African or European can?
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  20. Gatorrick22
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    Gatorrick22 Well-Known Member

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    If your point is that the price added to a can is almost nothing then we agree... it's no big deal.

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