(OIL) Manipulation of the market...

[TN. TRUCKERS WIFE]

American's have been lied to for so long about fuel prices and i feel that putting the real trueth out there for members ,guest, corporations, and every American citizen is the most important focus. June 3rd 2008,on Cspan Econonic Experts testified before the Senate that oil prices were plain and simple 'MANIPULATION OF THE MARKET". People are buying "oil futures" (meaning they are purchasing oil before if ever comes out of the ground and they can set whatever price they want). They purchase these futures elctronically so no one knows who they are and they only have to pay 5% down of whatever amount they purchase. Where in the stock market it is required to pay 50% down. They are able to do this legally because of a loop hole in the hedge funds, which was testifed before Senate that this could be "Easily and Quickly" reversed, practically overnight with a few steps taken by the government:
1. Close the loop hole in the hedge funds. (which is up to our government to enforce)
2. Change the amount from 5% to 50% to purchase these futures.
3. No more trading annoumoulsy, they have to register.
If these changes are not impletmented it leaves our country vunerable in many areas. This is what has crippled our country and HAS TO BE STOPPED AND CAN BE STOPPED but our government has to know that we know the REAL TRUETH. Plain and simply, you are out there working hard everyday trying to provide for your family and these people are coming right behind you and STEALING EVERYTHING from you. Why do you think so many people are buying oil futures? Because they are making a fortune. How are they making a fortune and where is this money coming from? It comes from the money they are stealing everyday from you and I. If you want this madness to stop, well OIL FUTURES IS WHERE IT BEGINS AND THIS IS WHERE IT MUST END. George Soros (the hedge fund manager) was questioned about how much money he made last year and even though he studdered and hated to admit it, said he made 3 BILLION dollars last year. Think about where this money is coming from, STEALING IT OUT OF OUR POCKETS. These people have found a loop hole that is crippling our nation. They won't stop... when the oil bubble bursts they will move on to the next lucrative commodity. What will cause the oil bubble to burst? When they have priced this commodity so high that it can no longer be afforded, WHEN THEY HAVE TAKEN ALL THEY CAN FROM YOU AND I. We must stop this NOW....Do you know that just by the media reporting that oil prices will go higher, actually causes the price to go higher because these people and others will purchase MORE OIL FUTURES.

[lunachic]

Quote:

Originally Posted by TN. TRUCKERS WIFE American's have been lied to for so long about fuel prices and i feel that putting the real trueth out there for members ,guest, corporations, and every American citizen is the most important focus. June 3rd 2008,on Cspan Econonic Experts testified before the Senate that oil prices were plain and simple 'MANIPULATION OF THE MARKET". People are buying "oil futures" (meaning they are purchasing oil before if ever comes out of the ground and they can set whatever price they want). They purchase these futures elctronically so no one knows who they are and they only have to pay 5% down of whatever amount they purchase. Where in the stock market it is required to pay 50% down. They are able to do this legally because of a loop hole in the hedge funds, which was testifed before Senate that this could be "Easily and Quickly" reversed, practically overnight with a few steps taken by the government: 1. Close the loop hole in the hedge funds. (which is up to our government to enforce) 2. Change the amount from 5% to 50% to purchase these futures. 3. No more trading annoumoulsy, they have to register. If these changes are not impletmented it leaves our country vunerable in many areas. This is what has crippled our country and HAS TO BE STOPPED AND CAN BE STOPPED but our government has to know that we know the REAL TRUETH. Plain and simply, you are out there working hard everyday trying to provide for your family and these people are coming right behind you and STEALING EVERYTHING from you. Why do you think so many people are buying oil futures? Because they are making a fortune. How are they making a fortune and where is this money coming from? It comes from the money they are stealing everyday from you and I. If you want this madness to stop, well OIL FUTURES IS WHERE IT BEGINS AND THIS IS WHERE IT MUST END. George Soros (the hedge fund manager) was questioned about how much money he made last year and even though he studdered and hated to admit it, said he made 3 BILLION dollars last year. Think about where this money is coming from, STEALING IT OUT OF OUR POCKETS. These people have found a loop hole that is crippling our nation. They won't stop... when the oil bubble bursts they will move on to the next lucrative commodity. What will cause the oil bubble to burst? When they have priced this commodity so high that it can no longer be afforded, WHEN THEY HAVE TAKEN ALL THEY CAN FROM YOU AND I. We must stop this NOW....Do you know that just by the media reporting that oil prices will go higher, actually causes the price to go higher because these people and others will purchase MORE OIL FUTURES.

I unlike Rebel can't copy and paste, puter clitch. e-mail me this.................

[lunachic]

number 1 & 2 would work.
# 3 to much of a paper trail, fictious names, corp, other people names, they would never be able to keep up.Not as fast as they trade.

[TN. TRUCKERS WIFE]

Quote:

Originally Posted by lunachic I unlike Rebel can't copy and paste, puter clitch. e-mail me this.................

I just got back home,Jeff's semi broke down today so i had to go pick him up, get parts and help him. PM me your email address and i will send it to you..

[rebel]

unlike Rebel can't copy and paste, puter clitch. e-mail me this



Hey now, I ain't no geek squad

[TN. TRUCKERS WIFE]

Quote:

Originally Posted by rebel unlike Rebel can't copy and paste, puter clitch. e-mail me this Hey now, I ain't no geek squad

Well, you just flew right coping and pasting 101. lol

[TN. TRUCKERS WIFE]

Maria’s Monday Memo
Senator Maria Cantwell’s Weekly Update for Washington State

Monday, June 9, 2008

Experts Tell Senate Committee How to Burst Energy Price Bubble

Last Tuesday, I chaired a Senate Commerce Committee hearing investigating whether market manipulation or excessive speculation is behind today’s skyrocketing oil and gas prices. A panel of witnesses, which included George Soros and Gerry Ramm, President of Inland Oil Company in Ephrata, WA, testified on the factors driving record high oil and petroleum distillate prices; what connections exist between financial markets – particularly the futures market – and the pump price consumers pay; whether there are opportunities for bad actors to manipulate these crucial markets; and the government’s role in protecting consumers from possible illegal activity. With gasoline prices well over $4.00a gallon in some regions, and diesel topping $5.00, consumers no longer have the confidence that the prices they are paying at the pump are fair or even linked to underlying supply and demand forces. We have learned from painful experience that energy markets can be manipulated when federal regulators are asleep at the wheel or market rules aren’t strong enough to protect consumers. We heard strong testimony that federal agencies need to do more to police the oil markets and protect consumers, and I will not stop until we are sure markets are functioning properly and consumers are not getting gouged.

CFTC Rejects Request of a Quarter of the U.S. Senate to Add More Transparency to Oil Markets

Last Friday, I was disappointed thatthe Commodity Futures Trading Commission (CFTC) provided a lackluster response to a request made by me and Senator Olympia Snowe (R-ME) to require greater scrutiny of foreign trading of U.S. delivered commodities. In the May 23 letter, 20 other Senators joined us in calling for the Commission to require greater scrutiny of foreign trading of U.S. delivered commodities. Energy traders in the United States utilize foreign futures platforms that trade U.S. delivered energy goods. Most notably, substantial trading occurs on the International Petroleum Exchange in London, which the United Kingdom’s Financial Service Authority regulated to a much lower extent than the CFTC in the United States. I did receive a response to my bipartisan letter from Commissioner Bart Chilton who shared my concerns over the lack of U.S. commodity market oversight.

As noted in the letter, the CFTC can expect legislative action that will ensure they meet their responsibility to police the commodity futures market. American consumers know that the status quo is broken and I will continue working hard to make sure our federal regulators are meeting their legal responsibilities to actively police the oil markets for fraud, manipulation, and excessive speculation.
__________________
South Region Representative

[rebel]

WOW

[rebel]

Does anyone know who is top dog of CFTC...and where does he live?

[rebel]

Quote:

Originally Posted by TN. TRUCKERS WIFE Maria’s Monday Memo Senator Maria Cantwell’s Weekly Update for Washington State Monday, June 9, 2008 Experts Tell Senate Committee How to Burst Energy Price Bubble Last Tuesday, I chaired a Senate Commerce Committee hearing investigating whether market manipulation or excessive speculation is behind today’s skyrocketing oil and gas prices. A panel of witnesses, which included George Soros and Gerry Ramm, President of Inland Oil Company in Ephrata, WA, testified on the factors driving record high oil and petroleum distillate prices; what connections exist between financial markets – particularly the futures market – and the pump price consumers pay; whether there are opportunities for bad actors to manipulate these crucial markets; and the government’s role in protecting consumers from possible illegal activity. With gasoline prices well over $4.00a gallon in some regions, and diesel topping $5.00, consumers no longer have the confidence that the prices they are paying at the pump are fair or even linked to underlying supply and demand forces. We have learned from painful experience that energy markets can be manipulated when federal regulators are asleep at the wheel or market rules aren’t strong enough to protect consumers. We heard strong testimony that federal agencies need to do more to police the oil markets and protect consumers, and I will not stop until we are sure markets are functioning properly and consumers are not getting gouged. CFTC Rejects Request of a Quarter of the U.S. Senate to Add More Transparency to Oil Markets Last Friday, I was disappointed thatthe Commodity Futures Trading Commission (CFTC) provided a lackluster response to a request made by me and Senator Olympia Snowe (R-ME) to require greater scrutiny of foreign trading of U.S. delivered commodities. In the May 23 letter, 20 other Senators joined us in calling for the Commission to require greater scrutiny of foreign trading of U.S. delivered commodities. Energy traders in the United States utilize foreign futures platforms that trade U.S. delivered energy goods. Most notably, substantial trading occurs on the International Petroleum Exchange in London, which the United Kingdom’s Financial Service Authority regulated to a much lower extent than the CFTC in the United States. I did receive a response to my bipartisan letter from Commissioner Bart Chilton who shared my concerns over the lack of U.S. commodity market oversight. As noted in the letter, the CFTC can expect legislative action that will ensure they meet their responsibility to police the commodity futures market. American consumers know that the status quo is broken and I will continue working hard to make sure our federal regulators are meeting their legal responsibilities to actively police the oil markets for fraud, manipulation, and excessive speculation. __________________ South Region Representative

CFTC 1-866-366-2382

cftc.gov/customerprotection/index.htm

Send'em a little lovenote - I did.

Gotta go drop this by 2 senate and a congressman's office. tttyl

[TN. TRUCKERS WIFE]

Quote:

Originally Posted by rebel CFTC 1-866-366-2382 cftc.gov/customerprotection/index.htm Send'em a little lovenote - I did. Gotta go drop this by 2 senate and a congressman's office. tttyl

Thanks for the info. I'll drop them a little note...I wonder who in the HELL is being paid off at the CFTC.

[TN. TRUCKERS WIFE]

Quote:

Originally Posted by TN. TRUCKERS WIFE American's have been lied to for so long about fuel prices and i feel that putting the real trueth out there for members ,guest, corporations, and every American citizen is the most important focus. June 3rd 2008,on Cspan Econonic Experts testified before the Senate that oil prices were plain and simple 'MANIPULATION OF THE MARKET". People are buying "oil futures" (meaning they are purchasing oil before if ever comes out of the ground and they can set whatever price they want). They purchase these futures elctronically so no one knows who they are and they only have to pay 5% down of whatever amount they purchase. Where in the stock market it is required to pay 50% down. They are able to do this legally because of a loop hole in the hedge funds, which was testifed before Senate that this could be "Easily and Quickly" reversed, practically overnight with a few steps taken by the government: 1. Close the loop hole in the hedge funds. (which is up to our government to enforce) 2. Change the amount from 5% to 50% to purchase these futures. 3. No more trading annoumoulsy, they have to register. If these changes are not impletmented it leaves our country vunerable in many areas. This is what has crippled our country and HAS TO BE STOPPED AND CAN BE STOPPED but our government has to know that we know the REAL TRUETH. Plain and simply, you are out there working hard everyday trying to provide for your family and these people are coming right behind you and STEALING EVERYTHING from you. Why do you think so many people are buying oil futures? Because they are making a fortune. How are they making a fortune and where is this money coming from? It comes from the money they are stealing everyday from you and I. If you want this madness to stop, well OIL FUTURES IS WHERE IT BEGINS AND THIS IS WHERE IT MUST END. George Soros (the hedge fund manager) was questioned about how much money he made last year and even though he studdered and hated to admit it, said he made 3 BILLION dollars last year. Think about where this money is coming from, STEALING IT OUT OF OUR POCKETS. These people have found a loop hole that is crippling our nation. They won't stop... when the oil bubble bursts they will move on to the next lucrative commodity. What will cause the oil bubble to burst? When they have priced this commodity so high that it can no longer be afforded, WHEN THEY HAVE TAKEN ALL THEY CAN FROM YOU AND I. We must stop this NOW....Do you know that just by the media reporting that oil prices will go higher, actually causes the price to go higher because these people and others will purchase MORE OIL FUTURES.

Please help spread this information, email it post it on web sites, contact elected officials and let them know we know the trueth.

[freightmaster]

This site I'm linking to is a must see if you want to understand who really pulls the strings of government and it lays out the agenda!


Consolidating the Empire

[rebel]

TTW, IN addition to Statement to Gov., each sen. and rep got a copy of Maria's Monday memo, a Boycott Exxon/Mobil sign and an invitation to join me at the whitehouse July 4th. They know we're mad, now they're trying to figure out what to do before it's too late.

[shadowdr]

Quote:

Originally Posted by rebel TTW, IN addition to Statement to Gov., each sen. and rep got a copy of Maria's Monday memo, a Boycott Exxon/Mobil sign and an invitation to join me at the whitehouse July 4th. They know we're mad, now they're trying to figure out what to do before it's too late.

Good deal, By gosh after yesterday the CFTC knows we're mad also..I made sure of that.

[shadowdr]

This story Explains the London/Dubai loophole. The author apparently agrees that Michael Greenberger is the best authority on futures trading and has a clear understanding of the implications of the free reign that hedge funds have had on the economy. While they have siphoned US currency into foreign hands, there is currently no authority to stop this illegal activity. The current regulation is under the oversight of the London/Dubai exchanges. These funds can operate without any disclosure of intent or identity to the US, even in US traded commodities like West Texas Crude. It notes that the loophole was added to an 11,000 page bill at the last minute before congress went on Christmas break at behest of Enron officials called the Commodity Futures modernization Act. A transcript of Michael Greenbergers testimony is also linked there and he states that it is essential reading if you want to be informed. http://www.salon.com/tech/htww/2008/...ubai_loophole/

On a related note, at work I have been hearing of attempts by foreigners to buy out CSX but none were sure who they were. It has appeared that they are bypassing US disclosure laws by operating as a hedge fund. I did a little research and found that they are called The Children's Investment fund. Last year the same fund also forced ABN Amro a dutch banking giant, to agree to sell out for 101 billion to a "consortium of banks".

The fund also called TCI had earlier accumulated 4.1 percent of CSX stock. IT then proposed that Michael J. Ward's position as chairman and chief executive be split into separate positions and the introduction of new independent directors citing current managements lack of experience pertaining to railroads. Sounds like the Rockefeller attempt on Exxon, or is it just me?
Link http://www.nytimes.com/2007/10/17/business/17hedge.html

Later they joined with 3G Capital Management, another foreign hedge fund that had also acquired 4.2 percent of CSX stock and sparked a proxy fight by proposing a slate of five independent directors be appointed.
Link http://www.nytimes.com/2007/12/20/business/20fund.html

Now trying to buy them out it would appear that they are acting under authority of the London/Dubai partnership that is outside of US futures trading laws of disclosure. CSX is challenging the buyout as a scam by citing US disclosure laws of stockholders that hold more the five percent of a US stock.
A little from this story http://www.nypost.com/seven/05262008...cam_112592.htm

Quote:

Buying swaps through the investment banks - in this case Citibank and Deutsche Bank - allowed TCI to get around the decades-old 13D rule, which requires investors to disclose their position when they own 5 percent or more of a company's shares. Hohn said in testimony that the swaps were bought to avoid tipping off other investors to TCI's purchases, which could have triggered a run-up in CSX's stock price. But Hohn did admit that he selectively encouraged other hedge funds to buy CSX shares before he disclosed his position. Critics argue that the swap contracts allow activist hedge funds to accumulate many more votes than are reflected in the number of shares they actually own. Activists counter that while swaps allow them to hide their interest for a period of time, they can't tell the investment banks how to vote.

This is a weird story relating to Dubai buying out part of NASDAQ stock exchange as well as part of the NASDAQ ownership of the London Stock Exchange. I think that something is beginning to stink
link 24/7 Wall St.: Desperate For A Deal: The Nasdaq-London-Dubai-OMX Stock Exchange

To get an idea of how much futures trading is outside of US disclosure laws look here http://www.ocforums.com/newreply.php...eply&p=5665637
If you tab down to distribution you will note that though almost 60 of hedge managers are located in the us only 26.2 percent of the funds are domiciled here the majority of 53.27 percent are in the Caribbean. These are obvious red flags that illegal activity is taking place and US currency is leaving the country via hedge funds.

[lunachic]

Quote:

Originally Posted by shadowdr This story Explains the London/Dubai loophole. The author apparently agrees that Michael Greenberger is the best authority on futures trading and has a clear understanding of the implications of the free reign that hedge funds have had on the economy. While they have siphoned US currency into foreign hands, there is currently no authority to stop this illegal activity. The current regulation is under the oversight of the London/Dubai exchanges. These funds can operate without any disclosure of intent or identity to the US, even in US traded commodities like West Texas Crude. It notes that the loophole was added to an 11,000 page bill at the last minute before congress went on Christmas break at behest of Enron officials called the Commodity Futures modernization Act. A transcript of Michael Greenbergers testimony is also linked there and he states that it is essential reading if you want to be informed. http://www.salon.com/tech/htww/2008/...ubai_loophole/ On a related note, at work I have been hearing of attempts by foreigners to buy out CSX but none were sure who they were. It has appeared that they are bypassing US disclosure laws by operating as a hedge fund. I did a little research and found that they are called The Children's Investment fund. Last year the same fund also forced ABN Amro a dutch banking giant, to agree to sell out for 101 billion to a "consortium of banks". The fund also called TCI had earlier accumulated 4.1 percent of CSX stock. IT then proposed that Michael J. Ward's position as chairman and chief executive be split into separate positions and the introduction of new independent directors citing current managements lack of experience pertaining to railroads. Sounds like the Rockefeller attempt on Exxon, or is it just me? Link http://www.nytimes.com/2007/10/17/business/17hedge.html Later they joined with 3G Capital Management, another foreign hedge fund that had also acquired 4.2 percent of CSX stock and sparked a proxy fight by proposing a slate of five independent directors be appointed. Link http://www.nytimes.com/2007/12/20/business/20fund.html Now trying to buy them out it would appear that they are acting under authority of the London/Dubai partnership that is outside of US futures trading laws of disclosure. CSX is challenging the buyout as a scam by citing US disclosure laws of stockholders that hold more the five percent of a US stock. A little from this story http://www.nypost.com/seven/05262008...cam_112592.htm This is a weird story relating to Dubai buying out part of NASDAQ stock exchange as well as part of the NASDAQ ownership of the London Stock Exchange. I think that something is beginning to stink link 24/7 Wall St.: Desperate For A Deal: The Nasdaq-London-Dubai-OMX Stock Exchange To get an idea of how much futures trading is outside of US disclosure laws look here http://www.ocforums.com/newreply.php...eply&p=5665637 If you tab down to distribution you will note that though almost 60 of hedge managers are located in the us only 26.2 percent of the funds are domiciled here the majority of 53.27 percent are in the Caribbean. These are obvious red flags that illegal activity is taking place and US currency is leaving the country via hedge funds.

Let them, it's will still be on American land. If we are stupid enough to use it so they profit from it
then who's fault is that.
I brought the railroad up weeks ago, everyone just blew by it.
We have trucks, Anything can be hauled on them,even train cars, if you think about it.
History repeats it's self.
I asked alot of questions, know one had answer's.
Just as your neighborhood gas station/con. stores. Go the extra mile. Check which motel's are American owned.Taget stores are owned by the French, but you still shop them.
We rented a house befor we moved here, a agent was involved, The owner never saw it and was coming to town wanted to see it, When he called I answered the phone, the first words out of the stupid P***ks mouth was, let me speak to man.
Yea, ok did'nt take much to figure that out, I told him man was out feeding pig.A few other words and I hung -up on him.
alot of you on here get stuck in repeat on one issue. When if you look around you feed into them too. But because only oil product's are hurting you and your neighborhood romps, you cant see that.
maybe it's time you start to open your eye's.
Befor the old man died Walmart was not everything made in China. Take a walk around look. The gov. sold us out, and you just go along with it, you buy dont you............
Maybe if you stop, things will change.