RAHN: Greedy speculators?

I strongly disagree with this author's arguments. MISUSE of the ability to speculate, especially in a rather well-rigged market, is evidence of criminal intent. Perhaps it would of interest to see who the speculators are, and whose money they are betting. The only 'risk' most of these clowns seem to be taking is in the size of their commission. And, if the market collapses, what happens to the pensioners, or isn't that of interest either?

If the markets were perfectly efficient the authors thesis would hold. However, no market is even efficient, let along perfectly efficient. One example was Soros ability to cripple the currency of Thialand several years ago through shorting futures in the Bhat currency. It doesn't even require a deliberate intent, which Soros clearly had, to drive prices artificially upwards with no relationship to supply and demand. such speculation can feed on itself and produce a spiral either upwards or downwards in the price of any security. That such bubbles or craters in a security price can last over extended periods of time only requires a re-reading recent history.

ARTICLE IS 100% CORRECT. CONGRESS NEEDS ONLY TO LOOK INTO THEIR OWN MIRROR. THE WHOLE MESS IN ONLY IN THEIR LAP. LOOK ONLY TO CONGRESS FOR REASONS FOR HIGHER GAS PRICES. THEY ARE THE ONLY BODY THAT CAN TAX. THEY HAVE REFUSED TO ALLOW DRILLING (WHERE WE HAVE ENOUGH OIL TO LAST 20 PLUS YEARS. THEY HAVE BEEN BLOCKING THIS, UPDATING REFINERIES (NON UPDATED SINCE 1950'S), THEY HAVE BEEN STEALING TAX DOLLARS TO "FINANCE" ETHANOL (WHICH DOES NOT WORK), THEY HAVE CAUSED PRICES TO RISE ON JUST ABOUT EVERYTHING AND YET, THEY KNOW IT HAS BEEN CAUSED BY THEIR FOOLISH, AND STUPID POLICIES THAT HAS CAUSED EVERYTHING TO GO UP. REMEMBER, CONGRESS CAUSES ALL THE PROBLEMS WE HAVE & THEN TRY & RUN DOWN OTHERS. THIS IS THE WORST CONGRESS EVER. THEY ARE NOT EVEN AWARE THEY THEY LACK ECONOMIC, FACTS, KNOWLEDGE TO KNOW. WE HAVE THE LEFTIST, WHO WANT SOCIALISM, WITH CONGRESS BEING THE ELITE & EXEMPT. THEY CAN ONLY BLAME THEMSELVES FOR THE STUPID POLICIES & REGUALTIONS THAT HAVE MADE EVERYTHING COST MOST. ALWAYS REMEMBER, ONLY 545 PEOPLE CONTROL THE REST OF US.

When did we become mere consumers chasing the cheapest purchase price around the world? Consumers have no loyalty to a particular country--they don't get all teary-eyed when they see the flag or hear their anthem. No, not even their own country's laws are obeyed or cared about--nope good old international law for them. They are known as globalists too--but that's a five dollar word for a bottom line person whose only interest is getting it cheap. (The writer is one of these.) That's why we're in hock to China and will never dig our way out! These people also promote interdependence (not independence) and that's why we're beholden to nations who hate us for our very existence--i.e. OIL. Thanks all you globalists out there--we're sick of you and we're not buying your rhetoric any longer.