When will Bureau of Land Management (BLM) Roundup 2,000 Plus Wild Horses On Utah Rangeland? — The BLM Should Do Its Job and Not Harass Neveda Ranchers! — BLM’s Appropriate Management Level (AML) of 27,000 Wild Horses and Over 40,000 Wild Horses Nationally Plus Over 50,000 in Feed Lost Costing The American Taxpayer Millions! — Herd Size Doubles Every 4 Years — Sell The Wild Horses To China and Mexico — Beef and Food Prices Soaring — Connect The Dots People — Videos

Posted on April 13, 2014. Filed under: Agriculture, American History, Beef, Blogroll, Bread, Business, College, Communications, Data, Demographics, Diasters, Economics, Education, Employment, Faith, Family, Famine, Farming, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, Fruit, government, government spending, history, Language, Law, liberty, Life, Links, media, Milk, People, Philosophy, Photos, Rants, Raves, Regulations, Resources, Security, Transportation, Vegetables | Tags: , , , , , , , , , , , , , , , , , |

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Rising-Food-Prices

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Wild Horses on Public Lands and the impact on Ranching and Communities

We took the show to Beaver County this week to get an on the ground look at how wild horses impact the range. In Utah the population of wild horses is over the Appropriate Management Level (AML) by 1,300 animals. Nationally the problem of dealing with the number of wild horses increases to 14,000 beyond the AML. The management of wild horses costs the BLM tens of millions of dollars every year but despite the efforts to gather wild horses off the range; the numbers keep increasing.
Chad Booth talks to Beaver County Commissioner, Mark Whitney; Iron County Commissioner, David Miller; and local rancher Mark Winch about the impacts on ranchers and the ultimate impact it has on the economies of rural Utah.

Transfer of Public Lands

Public Lands in Utah County Seat Season3, Episode 8

In recent years there has been a public outcry from Utahans asking the State to take a more active role in how management decisions are made on public lands. The take back Utah movement has looked at the history of public lands in the United States and began to ask why hasn’t Utah received the same treatment as other states in the Union. Utah has about 67% of its lands controlled and managed by the federal government. Some counties in the state are about 90% federally owned which creates a burden on the local governments because there is no property tax base to pay for the services that citizens need.

Last year Utah passed the Utah Public Lands Transfer Act, HB148; which basically asks the federal government to dispose of the remaining unallocated federal lands within the state by 2014. HB148 has opened up a conversation about what the proper role of the federal government should be in the management of public lands. Today’s show takes a look at the issues from a federal, state, and county perspective.

 

WARNING! MORE FOOD INFLATION COMING 2014 STOCK UP ASAP

Grocery Prices Soar

Spike in food prices has shoppers feeling effects – Mar 19th, 2014

U S Government Says ‘No Inflation’ As Food Prices Soar New update 2014

Preppers: Food Prices Rise Sharply – Up 19% for 2014!

Milk Prices PKG

Food Prices The Shocking Truth

Food Prices The Shocking Truth 1 of 2

Food Prices The Shocking Truth 2 of 2

Worldwide Food Shortages

GLOBAL FOOD CRISIS to Usher in Worldwide Famine

Where’s the (Cheap) Beef? US Prices Soar

Meat Beef Bacon Costs Rise due to Drought? Inflation! Starvation Great-Depression Dollar$

Beef prices explained

BLM Wild Horse Strategy

The BLM’s Wild Horse and Burro Program

BLM Socorro Water Trap Method Wild Horse Gather

The World Food Crisis ~ Special Report

Don’t Fence Me In – Roy Rogers & The Sons of the Pioneers –

Roy Rogers & Sons of The Pioneers Sing “The Last Roundup”

Wild horses targeted for roundup in Utah rangeland clash

Reuters
Two of a band of wild horses graze in the Nephi Wash area outside Enterprise, Utah

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View gallery

Two of a band of wild horses graze in the Nephi Wash area outside Enterprise, Utah, April 10, 2014. REUTERS/Jim …

By Jennifer Dobner

ENTERPRISE, Utah (Reuters) – A Utah county, angry over the destruction of federal rangeland that ranchers use to graze cattle, has started a bid to round up federally protected wild horses it blames for the problem in the latest dustup over land management in the U.S. West.

Close to 2,000 wild horses are roaming southern Utah’s Iron County, well over the 300 the U.S. Bureau of Land Management has dubbed as appropriate for the rural area’s nine designated herd management zones, County Commissioner David Miller said.

County officials complain the burgeoning herd is destroying vegetation crucial to ranchers who pay to graze their cattle on the land, and who have already been asked to reduce their herds to cope with an anticipated drought.

Wild horse preservation groups say any attempt to remove the horses would be a federal crime.

On Thursday county workers, accompanied by a Bureau of Land Management staffer, set up the first in a series of metal corrals designed to trap and hold the horses on private land abutting the federal range until they can be moved to BLM facilities for adoption.

“There’s been no management of the animals and they keep reproducing,” Miller said in an interview. “The rangeland just can’t sustain it.”

The conflict reflects broader tension between ranchers, who have traditionally grazed cattle on public lands and held sway over land-use decisions, and environmentalists and land managers facing competing demands on the same land.

The Iron County roundup comes on the heels of an incident in neighboring Nevada in which authorities sent in helicopters and wranglers on horseback to confiscate the cattle herd of a rancher they say is illegally grazing livestock on public land.

In Utah, county commissioners warned federal land managers in a letter last month that the county would act independently to remove the horses if no mitigation efforts were launched.

“We charge you to fulfill your responsibility,” commissioners wrote. “Inaction and no-management practices pose an imminent threat to ranchers.”

The operation was expected to last weeks or months.

“The BLM is actively working with Iron County to address the horse issue,” Utah-based BLM spokeswoman Megan Crandall said, declining to comment further.

Attorneys for wild horse preservation groups sent a letter this week to Iron County commissioners and the BLM saying the BLM, under federal law, cannot round up horses on public lands without proper analysis and disclosure.

“The BLM must stop caving to the private financial interests of livestock owners whenever they complain about the protected wild horses using limited resources that are available on such lands,” wrote Katherine Meyer of Meyer, Glitzenstein and Crystal a Washington, DC-based public interest law firm representing the advocates.

LONG-RUNNING PROBLEM

The BLM puts the free-roaming wild horse and burro population across western states at more than 40,600, which it says on its website exceeds by nearly 14,000 the number of animals it believes “can exist in balance with other public rangeland resources and uses.”

Wild horse advocates point out that the tens of thousands of wild horses on BLM property pales into comparison with the millions of private livestock grazing on public lands managed by the agency.

Wild horses have not been culled due to budget constraints, according to Utah BLM officials, who say their herds grow by roughly 20 percent per year.

Pressure on rangeland from the horses may worsen this summer due to a drought that could dry up the already sparse available food supply, according to Miller.

“We’re going to see those horses starving to death out on the range,” he said. “The humane thing is to get this going now.”

Adding to frustration is BLM pressure on ranchers to cut their cattle herds by as much as 50 percent to cope with the drought, Miller said.

A tour of Iron County rangeland, not far from the Nevada border, illustrates the unchecked herds’ impact on the land, said Jeremy Hunt, a fourth generation Utah rancher whose cattle graze in the summer in a management area split through its middle by a barbed wire fence.

On the cattle side of the fence, the sagebrush and grass landscape is thick and green. The other, where a group of horses was seen on Thursday, is scattered with barren patches of dirt and sparse vegetation.

“This land is being literally destroyed because they are not following the laws that they set up to govern themselves,” said Hunt, who also works as a farmhand to make ends meet for his family of six.

“I want the land to be healthy and I want be a good steward of the land,” he added. “But you have to manage both sides of the fence.”

 

 

Wholesale Prices in U.S. Rise on Services as Goods Stagnate

 

Wholesale prices in the U.S. rose in March as the cost of services climbed by the most in four years while commodities stagnated.

The 0.5 percent advance in the producer-price index was the biggest since June and followed a 0.1 percent decrease the prior month, the Labor Department reported today in Washington. The recent inclusion of services may contribute to the gauge’s volatility from month-to-month, which will make it more difficult to determine underlying trends.

Rising prices at clothing and jewelry retailers and food wholesalers accounted for much of the jump in services, even as energy costs retreated, signaling slowing growth in emerging markets such as China will keep price pressures muted. With inflation running well below the Federal Reserve’s goal, the central bank is likely to keep borrowing costs low in an effort to spur growth.

“Every six months or so service prices seem to pop, but over the year, service prices tend to dampen inflation more often than not,” Jay Morelock, an economist at FTN Financial in New York, wrote in a note. “One month of price gains is not indicative of a trend.”

Also today, consumer confidence climbed this month to the highest level since July, a sign an improving job market is lifting Americans’ spirits. The Thomson Reuters/University of Michigan preliminary April sentiment index rose to 82.6 from 80 a month earlier.

 
Photographer: Craig Warga/Bloomberg

Rising prices at clothing and jewelry retailers and food wholesalers accounted for much… Read More

Shares Fall

Stocks dropped, with the Standard & Poor’s 500 Index heading for its biggest weekly decline since January, as disappointing results from JPMorgan Chase & Co. fueled concern that corporate earnings will be weak. The S&P 500 fell 0.4 percent to 1,826.29 at 10:02 a.m. in New York.

Today’s PPI report is the third to use an expanded index that measures 75 percent of the economy, compared to about a third for the old metric, which tallied the costs of goods alone. After its first major overhaul since 1978, PPI now measures prices received for services, government purchases, exports and construction.

Estimates for the PPI in the Bloomberg survey of 72 economists ranged from a drop of 0.2 percent to a 0.3 percent gain.

Core wholesale prices, which exclude volatile food and energy categories, climbed 0.6 percent, the biggest gain since March 2011, exceeding the projected 0.2 percent advance of economists surveyed by Bloomberg. They dropped 0.2 percent in February.

Past Year

The year-to-year gain in producer prices was the biggest since August and followed a 0.9 percent increase in the 12 months to February. Excluding food and energy, the index also increased 1.4 percent year to year following a 1.1 percent year-to-year gain in February.

The cost of services climbed 0.7 percent in March, the biggest gain since January 2010. Goods prices were unchanged and were up 1.1 percent over the past 12 months.

Wholesale food costs climbed 1.1 percent in March, led by higher costs for meats, including pork and sausage. Energy costs fell 1.2 percent last month.

Food producers and restaurants say they’re paying more for beef, poultry, dairy and shrimp. At General Mills Inc. (GIS), maker of Yoplait yogurt, Cheerios cereal and other brands, rising dairy prices helped push retail profit down 11 percent in the third quarter, said Ken Powell, chairman and chief executive officer of the Minneapolis-based company. Powell called the inflation “manageable.”

Food Prices

“While the economy is improving slowly and incomes are strengthening slowly, they are improving,” Powell said on a March 19 earnings call. “As incomes continue to grow and consumers gain confidence that will be a positive sign for our category.”

Today’s PPI report provides a glimpse into the consumer-price index, the broadest of three inflation measures released by the Labor Department. The CPI, due to be released April 15, probably climbed 0.1 percent in March, according to the median forecast in a Bloomberg survey.

The wholesale price report also offers an advance look into the personal consumption expenditures deflator, a gauge monitored closely by the Fed. Health care prices make up the largest share of the core PCE index, which excludes food and energy costs. The next PCE report is due from the Commerce Department May 1.

This week, Fed policy makers played down their own predictions that interest rates might rise faster than they had forecast, according to minutes of the Federal Open Market Committee’s March meeting. The minutes bolstered remarks made by last month by Chair Janet Yellen.

“If inflation is persistently running below our 2 percent objective, that is a very good reason to hold the funds rate at its present range for longer,” Yellen said at a March 19 press conference following the committee meeting.

 

http://www.bloomberg.com/news/2014-04-11/wholesale-prices-in-u-s-rise-more-than-forecast-on-services.html

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All Governments Lie–The Coming Collapse of United States Economy — Videos

Posted on February 23, 2013. Filed under: Agriculture, American History, Blogroll, Books, Business, College, Communications, Crime, Demographics, Diasters, Economics, Education, Employment, Farming, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, Inflation, Investments, Law, liberty, Life, Links, media, Oil, People, Philosophy, Politics, Psychology, Raves, Resources, Tax Policy, Taxes, Technology, Transportation, Unemployment, Unions, Video, War, Water, Wealth, Wisdom | Tags: , , , , |

not-a-recession-yet

Jim Rogers Fed’s Money Printing – Coming Economic Collapse

 

Food Crisis – The Total Collapse Of The U.S. Economy Is 100%

Financial Collapse this Spring – Survive the Food Crisis

Prepare Yourself – America Will Collapse

Countdown to Economic Collapse (2-18-2013)

After America Collapses, What Comes Next?

Economic Collapse Is Imminent

The Economic Collapse and The End Of Our Liberty [HQ movie]

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Speculators and Oil Prices: What Do We Know and What Should We Do?–Videos

Posted on May 5, 2012. Filed under: American History, Blogroll, College, Communications, Demographics, Economics, Education, Employment, Energy, government spending, history, Homes, Inflation, Investments, Law, liberty, Life, Links, media, People, Philosophy, Politics, Psychology, Raves, Security, Taxes, Unemployment, Video, War, Wealth, Weather, Wisdom | Tags: , , , , , , , |

Speculators and Oil Prices: What Do We Know and What Should We Do?

U.S. Commodity Future Trading Commission

http://www.cftc.gov/About/Commissioners/BartChilton/index.htm

Banksters & Speculation Behind High Food-Oil Prices

Food Speculation

Speculation And The Frenzy In Food Markets

Background Articles and Videos

The Adequacy of Speculation in Agricultural Futures Markets: Too Much of a Good Thing?

Dwight R. Sanders*,

Scott H. Irwin and

Robert P. Merrin

“…Abstract

This paper revisits the “adequacy of speculation” debate in agricultural futures markets using the positions held by index                     funds in the Commitment of Traders reports. Index fund positions were a relatively stable percentage of total open interest                     from 2006–2008. Traditional speculative measures do not show any material shifts over the sample period. Even after adjusting                     speculative indices for commodity index fund positions, values are within the historical ranges reported in prior research.                     One implication is that long-only index funds may be beneficial in markets traditionally dominated by short hedging. …”

http://intl-aepp.oxfordjournals.org/content/32/1/77.full

Federal Regulation of Margin in the Commodity Futures Industry – History and Theory

by

Jerry W. Markham

“…Whether the federal government should regulate margin requirements for; commodity futures contracts has been the subject of intensive debate for over! fifty years. Although Congress has periodically rejected legislation that would have granted such authority, the stock market crash of 1987, and a subsequent mini-crash in 1989, have resulted in renewed demands for federal controls.

The· Securities and Exchange Commission (“SEC”) and the Department of the Treasury contend that such controls are necessary to prevent the near disastrous set of events that occurred during those market crises. 1 The Commodity Futures Trading Commission (“CFTC”) and the commodity futures industry oppose federal controls on margin, and assert that market forces, not margins, were responsible for the events that occurred during the 1987 and 1989 market breaks.2

http://www.nationalaglawcenter.org/assets/bibarticles/markham_margin.pdf

Gas Prices Explained

Quantitative Easing Explained

Senator Blumenthal on Curbing Excessive Oil Speculation

Senator Blumenthal calls for action against excessive oil speculation that inflates gas prices

Cantwell: ‘Shenanigans’ in Oil Market Reminiscent of Enron ‘Nightmare’ in Pacific NW

How Uncertainty, Speculation Factor Into Gas Prices

Banksters & Speculation Behind High Food-Oil Prices

Under Questioning by Cantwell, Exxon CEO Estimates Oil Should Cost $60-70 Per Barrel

On May 12, 2011, when questioned by U.S. Senator Maria Cantwell (D-WA) at a Senate Finance Committee hearing, Exxon Mobil Chairman and Chief Executive Officer Rex Tillerson said that oil should cost between $60 and $70 per barrel, if the price of oil were based on supply and demand fundamentals. Oil was trading at $98 per barrel on Thursday morning, after inexplicitly plunging 5.5 percent yesterday.

Michael Greenberger on “commodity prices and volatility”

Regulations on Speculation Weak, But Better Than Nothing

Speculation and Watered Down Regulation

Secret Exemptions Allowed Speculators to Distort Futures Markets

CFTC Commissioner: “A Hair Trigger Away from Economic Calamity”

Will CFTC Limit Excessive Speculation?

Stossel: Oil Speculation

The Price Of Oil

CHHS Director explains derivatives regulation on C-SPAN – 5/15/09

Michael Greenberger Talks Speculation In Commodity Markets

Oil speculation and oil prices

Myth: The World is Running Out of Oil (Peak Oil)

Hearing on Energy Price Manipulation – Greenberger Testimony

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Rising Gasoline Prices Due To Excessive Speculation In Oil Futures Contracts–Political Issue in 2012 Elections–American People Are Being Screwed At The Gas Pump & Grocery Store–Videos

Posted on May 2, 2012. Filed under: Agriculture, American History, Blogroll, Business, College, Communications, Economics, Education, Employment, Farming, Federal Government, Fiscal Policy, Food, government, government spending, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, People, Philosophy, Politics, Raves, Resources, Taxes, Unemployment, Video, War, Weather, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24

Gas Prices Explained 

Quantitative Easing Explained

Senator Blumenthal on Curbing Excessive Oil Speculation

Senator Blumenthal calls for action against excessive oil speculation that inflates gas prices

Cantwell: ‘Shenanigans’ in Oil Market Reminiscent of Enron ‘Nightmare’ in Pacific NW

How Uncertainty, Speculation Factor Into Gas Prices 

Banksters & Speculation Behind High Food-Oil Prices

Under Questioning by Cantwell, Exxon CEO Estimates Oil Should Cost $60-70 Per Barrel

On May 12, 2011, when questioned by U.S. Senator Maria Cantwell (D-WA) at a Senate Finance Committee hearing, Exxon Mobil Chairman and Chief Executive Officer Rex Tillerson said that oil should cost between $60 and $70 per barrel, if the price of oil were based on supply and demand fundamentals. Oil was trading at $98 per barrel on Thursday morning, after inexplicitly plunging 5.5 percent yesterday.

Michael Greenberger on “commodity prices and volatility”

Regulations on Speculation Weak, But Better Than Nothing

Speculation and Watered Down Regulation

Secret Exemptions Allowed Speculators to Distort Futures Markets

CFTC Commissioner: “A Hair Trigger Away from Economic Calamity” 

Will CFTC Limit Excessive Speculation?

Stossel: Oil Speculation

The Price Of Oil

CHHS Director explains derivatives regulation on C-SPAN – 5/15/09

Michael Greenberger Talks Speculation In Commodity Markets

Oil speculation and oil prices 

Myth: The World is Running Out of Oil (Peak Oil) 

Hearing on Energy Price Manipulation – Greenberger Testimony 

Background Articles and Videos

Lecture 2: Course outline, futures markets history and market mechanics

Lecture 3: Futures contracts

Lecture 4: Options contracts and market history 

Lecture 5: Reading futures contract price quote tables

Lecture 15: A further review of technical analysis

Lecture 16: Introduction to hedging with futures 

Lecture 17: Hedging continued

Lecture 18: Hedging risk vs. return, diversification and options on futures

Lecture 19: Options on futures continued, with examples 

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Paul’s Jolt: Peace and Prosperity Full Employment Economy with Balanced Budgets vs. Obama’s Volt: Welfare and Warfare Economy With High Unemployment and Rising Debts and Prices–Videos

Posted on March 29, 2012. Filed under: Agriculture, American History, Babies, Banking, Blogroll, Books, Business, College, Communications, Demographics, Diasters, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , |

http://www.federalbudget.com/chartinfo.html

Fiscal Year 2013 Historical Tables Budget of the U.S. Government

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist.pdf

Department of Treasury, Monthly Treasury Statement

http://www.fms.treas.gov/mts/index.html

Reality Check: Ron Paul’s Budget Plan

CNN: Ron Paul is the JOLT America needs 

Ron Paul Plan to Balance Budget and End Government Overspending

Ron Paul Ad – Plan 

It’s Simple to Balance The Budget Without Higher Taxes

Ronald Reagan Talks About Balancing the Budget on “The Tonight

President Obama: When I leave the White House, I’m buying a Volt

The President’s Budget in 62 Seconds 

Obama’s Budget compared to Bush’s Last One

Related Posts On Pronk Palisades

In Four Years Barack Obama Bankrupts American People With $5 Trillion In Budget Deficits and Increased Debt–Fiscal Year 2013 Budget Dead On Arrival–Videos

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I Got The Obama Gasoline Price Blues–From $1.79 Per Gallon in January 2009 to $3.59 Per Gallon in February 2012–$5 Per Gallon By July 4, 2012!–Purchasing Power Plummets–Speculation Starves Society–Hope for Regime Change–Videos

Posted on February 24, 2012. Filed under: American History, Banking, Blogroll, Books, College, Communications, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government spending, history, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Natural Gas, Nuclear, Nuclear Power, Oil, People, Philosophy, Politics, Public Sector, Quotations, Rants, Raves, Regulations, Resources, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Transportation, Unemployment, Unions, Video, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Government Theft May 1, 1933

http://gasbuddy.com/gb_retail_price_chart.aspx

http://gasbuddy.com/gb_retail_price_chart.aspx

Quantitative Easing Explained

http://www.aier.org/research/briefs/1826-the-long-goodbye-the-declining-purchasing-power-of-the-dollar

U.S. Inflation Calculator

http://www.usinflationcalculator.com/

U.S. Debt Clock 

http://www.usdebtclock.org/

Ron Paul: The Worst Thing You Can Do For A People Is Purposely Devalue The Dollar

Obama’s Got America Singin’ the Blues

As Gas Prices Rise, White House Goes on Offensive, Defensive

Ron Paul tells the real reason for the oil prices in 2007 and today 

END FED: Bernanke Explains How To Devalue the Dollar, Quantitative Easing AKA Asset Purchase

Glenn Beck – Devaluing The Dollar 

Beck: Devaluing the Dollar

Iran Sanctions, War, Israel & Gas Prices

Ron Paul Doubles Down On War Stance

Armed Chinese Troops in Texas!

Why Gas Prices Are Rising

Playing the oil prices money game

Secret Exemptions Allowed Speculators to Distort Futures Markets

Regulations on Speculation Weak, But Better Than Nothing

The Price Of Oil

Bill Black: What I’d Demand of the Fed

Bill Black’s eye-popping opening statement at House FinServ hearing on Lehman Bros.

END FED: Goldman Sachs To Blame For Global Food-Oil Price Crisis; Speculators Outnumber Hedgers

CFTC Commissioner: “A Hair Trigger Away from Economic Calamity”

Will CFTC Limit Excessive Speculation?

Oil Supply and Demand and the Next Oil Price Spike

Bio-fuels, Speculation, Land Grabs = Food Crisis

Speculation And The Frenzy In Food Markets

Food, Speculation and Parasitical Trading

Speculation Drives Up Coffee Prices

Food Speculation

Oil Speculators

Oil speculation and oil prices

The Real TRUTH Behind The OIL PRICES 

Banks Behind High Gas Prices? 

Rising Gas Prices Slowing Economy

Gas Prices Soaring 

Ripple Effect Of Rising Gas Prices Hits Consumers

Krauthammer: Obama’s “war on fossil fuels” causes rising gas prices 

Obama Wanted High Gas Prices…Gradually (2008 Election Campaign) 

Ron Paul Expains High Gas Prices & War in 2008

Can We Stop A War With Iran? 

Obama admits his intentions are to skyrocket oil prices 

Ford O’Connell On Fox News – February 24, 2012 

Ron Paul Expains High Gas Prices & War in 2007

Obama gas prices

A Coincidence Over High Gasoline Prices- MoneyTV with Donald Baillargeon

Obama Admits the Truth: He Can’t Do Much about Gas Prices

James Grant

Jim Grant – Bloomberg Interview (30/6/11)

Government Theft 2012

Press Conference with Chairman of the FOMC, Ben S. Bernanke

 Blame High Oil Prices on Speculators and Bernanke

Seven Bucks A Gallon For Gas!

2012 Energy Prices

Ed Wallace 

“…That’s right, we not only reduced our overall gasoline use in America, reversing a century-long trend, but in 2011 we dropped our demand for gasoline once again. This likely explains why in December WTI oil jumped by close to $7 a barrel, but the futures market for gasoline barely budged, moving just a few cents in either direction.

Another way to look at it is in the percentage of utilization of our refineries for this time of year. According to the government’s data, the last week of December our refineries ran at 84.2 percent of capacity. But if one compares that week to the same week in the boom years, 2003 to 2007, our refineries were running at 91.7 percent, 94.2 percent, 88.9 percent, 90.9 percent and 89.4 percent. For those who have forgotten, that last figure in that chain, marking the last week of December 2007, also denotes the month we officially slipped into a recession. Interestingly, data released by the International Energy Agency in September of 2008 showed oil and fuel demand falling worldwide starting in August of 2007.

And yet with our refinery utilization running at far below normal, we managed to have the all-time-record year for the exportation of refined fuels. While the media speculation on where oil’s price is going is almost solely based on “Asian Demand” or the prospect of a total embargo on Iranian oil, the real problem is something completely different.

What is it? It’s refiners trying to find ways to get the price of gasoline on the futures market more in line with the high price of oil. To this end it appears that three refineries in the Northeast, including Sunoco’s Marcus Hook and Philadelphia refinery, along with Conoco’s Trainer unit, will be closed. To be sure, both Conoco and Sunoco claim their first choice is to sell those refineries, but failing that they will be closed.

What does that mean to you and me?

Dow Jones Newswire quoted Gene McGillian, an energy analyst with Tradition Energy, as saying, “Gasoline futures prices are based on New York Harbor prices. When you start to see disruptions in that Northeast market, it’s definitely reflected in gasoline futures.”

Translation: Close refineries and you can bump the futures price of gasoline – and by extension the retail price – regardless of where the price of oil is.

How does oil speculation raise gas prices?

by Josh Clark

“…An oil futureis simply a contract between a buyer and seller, where the buyer agrees to purchase a certain amount of a commodity — in this case oil — at a fixed price

. Futures offer a way for a purchaser to bet on whether a commodity will increase in price down the road. Once locked into a contract, a futures buyer would receive a barrel of oil for the price dictated in the future contract, even if the market price was higher when the barrel was actually delivered.

­As in all cases, Wall Street heard the word "bet" and flocked to futures, taking the market to strange new places on the fringe of legality. In the 19th and early 20th centuries it bet on grain. In the 21st century it was oil. Despite U.S. petroleum reserves being at an eight-year high, the price of oil rose dramatically beginning in 2006. While demand rose, supply kept pace. Yet, prices still skyrocketed. This means that the laws of supply and demand no longer applied in the oil markets. Instead, an artificial market developed.

Artificial markets are volatile; they’re difficult to predict and can turn on a dime. As a result of the artificial oil market, the average price per barrel of crude oil increased from $31.61 in July 2004 to $137.11 in July 2008 1. The average cost for a gallon of regular unleaded gas in the United States grew from $1.93 to $4.09 over the same period 1.

So what happened? …"

"…What speculators do is bet on what price a commodity will reach by a future date, through instruments called <strong>derivatives</strong>. Unlike an investment in an actual commodity (such as a barrel of oil), a derivative’s value is based on the value of a commodity (for example, a bet on whether a barrel of oil will increase or decrease in price). Speculators have no hand in the sale of the commodity they’re betting on; they’re not the buyer or the seller.

By betting on the price outcome with only a single futures contract, a speculator has no effect on a market. It’s simply a bet. But a speculator with the capital to purchase a sizeable number of futures derivatives at one price can actually sway the market. As energy researcher F. William Engdahl put it, "[s]peculators trade on rumor, not fact" 1. A speculator purchasing vast futures at higher than the current market price can cause oil producers to horde their commodity in the hopes they’ll be able to sell it later on at the future price. This drives prices up in reality — both future and present prices — due to the decreased amount of oil currently available on the market.

Investment firms that can influence the oil futures market stand to make a lot; oil companies that both produce the commodity and drive prices up of their product up through oil futures derivatives stand to make even more. Investigations into the unregulated oil futures exchanges turned up major financial institutions like Goldman Sachs and Citigroup. But it also revealed energy producers like Vitol, a Swiss company that owned 11 percent of the oil futures contracts on the New York Mercantile Exchange alone 1.

As a result of speculation among these and other major players, an estimated 60 percent of the price of oil per barrel was added; a $100 barrel of oil, in reality, should cost $40 1. And despite having an agency created to prevent just such speculative price inflation, by the time oil prices skyrocketed, the government had made a paper tiger out of it. …"

<a href="http://money.howstuffworks.com/oil-speculation-raise-gas-price.htm">http://money.howstuffworks.com/oil-speculation-raise-gas-price.htm</a>

</div>
</div>
</div>
</div>
<h4></h4>
<h4>It’s no secret that speculators are driving up fuel prices. The surprise? It’s the Fed’s fault, writes Ed Wallace</h4>
<h4>"…The Fed’s Cheap Liquidity Flood</h4>
The problem starts with Ben Bernanke, no matter how many of his Fed presidents claim they are not to blame for the high price of oil. The fact is that when you flood the market with far too much liquidity at virtually no interest, funny things happen in commodities and equities. It was true in the 1920s, it was true in the last decade, and it’s still true today.

When Richard Fisher, president of the Dallas Federal Reserve, spoke in Germany late in March, Reuters quoted him as saying: "We are seeing speculative activity that may be exacerbating price rises in commodities such as oil." Fisher added that he was seeing the signs of the same speculative trading that had fueled the first financial meltdown.

Here Fisher is in good company. Kansas City Fed President Thomas Hoenig, who has been a vocal critic of the current Fed policy of zero interest and high liquidity, has suggested that markets don’t function correctly under those circumstances. And David Stockman, Ronald Reagan’s former budget director, recently wrote a scathing article for MarketWatch, "Federal Reserve’s Path of Destruction," in which he criticizes current Fed policy even more pointedly. Stockman wrote: "This destruction is namely the exploitation of middle-class savers; the current severe food and energy squeeze on lower income households … and the next round of bursting bubbles building up among the risk asset classes."

Let’s not kid ourselves. Oil in today’s world is worth far more than the $25 a barrel it sold for over a decade ago. But the ability of markets to function properly, based on real supply and demand equations, has been destroyed by allowing ridiculous leverage and the unlimited ability to borrow the leverage at historically low interest rates.

Fortunately for our elected officials, they’ve got the public convinced that the biggest threat from government is taxation and deficits. In reality the public should be infuriated with the rising costs of nondiscretionary items such as food and gasoline, which current Fed policy actively enables. …"

<a href="http://www.businessweek.com/investor/content/apr2011/pi20110419_786652_page_2.htm">http://www.businessweek.com/investor/content/apr2011/pi20110419_786652_page_2.htm</a>
<p style="text-align: left;"><strong>Price of petroleum</strong></p>
"…The <strong>price of petroleum</strong> as quoted in news generally refers to the spot price per barrel (159 liters) of either WTI/light crude as traded on the New York Mercantile Exchange (NYMEX) for delivery at Cushing, Oklahoma, or of Brent as traded on the Intercontinental Exchange (ICE, into which the International Petroleum Exchange has been incorporated) for delivery at Sullom Voe.

The price of a barrel of oil is highly dependent on both its grade, determined by factors such as its specific gravity or API and its sulphur content, and its location. Other important benchmarks include Dubai, Tapis, and the OPEC basket. The Energy Information Administration (EIA) uses the imported refiner acquisition cost, the weighted average cost of all oil imported into the US, as its "world oil price".

The demand for oil is highly dependent on global macroeconomic conditions. According to the International Energy Agency, high oil prices generally have a large negative impact on the global economic growth.<sup>[1]</sup>

The Organization of the Petroleum Exporting Countries (OPEC) was formed in 1960<sup>[2]</sup> to try and counter the oil companies cartel, which had been controlling posted prices since the so-called 1927 Red Line Agreement and 1928 Achnacarry Agreement, and had achieved a high level of price stability until 1972.

The price of oil underwent a significant decrease after the record peak of US$145 it reached in July 2008. On December 23, 2008, WTI crude oil spot price fell to US$30.28 a barrel, the lowest since the financial crisis of 2007–2010 began, and traded at between US$35 a barrel and US$82 a barrel in 2009.<sup>[3]</sup> On 31 January 2011, the Brent price hit $100 a barrel for the first time since October 2008, on concerns about the political unrest in Egypt.<sup>[4]</sup>

Price history before 2003

A low point was reached in January 1999 of 17 USD per barrel, after increased oil production from Iraq coincided with the Asian Financial Crisis, which reduced demand. Prices then increased rapidly, more than doubling by September 2000 to $35, then fell until the end of 2001 before steadily increasing, reaching $40–50 by September 2004.<sup>[5]</sup>
<h3>Price history from 2003 onwards</h3>
<div>Main article: 2003 to 2011 world oil market chronology</div>
<div>Further information: 2000s energy crisis</div>
<h4>Benchmark pricing</h4>
<div>Main article: Benchmark (crude oil)</div>
After the collapse of the OPEC-administered pricing system in 1985, and a short lived experiment with netback pricing, oil-exporting countries adopted a market-linked pricing mechanism.<sup>[6]</sup> First adopted by PEMEX in 1986, market-linked pricing received wide acceptance and by 1988 became and still is the main method for pricing crude oil in international trade.<sup>[6]</sup> The current reference, or pricing markers, are Brent, WTI, and Dubai/Oman.<sup>[6]</sup>
<h4> Market listings</h4>
<div>Main article: Commodities markets</div>
Oil is marketed among other products in commodities markets. See above for details. Widely traded oil futures, and related natural gas futures, include:<sup>[7]</sup>
<ul>
<li>Petroleum
<ul>
<li>Nymex Crude Future</li>
<li>Dated Brent Spot</li>
<li>WTI Cushing Spot</li>
<li>Nymex Heating Oil Future</li>
<li>Nymex RBOB Gasoline Future</li>
</ul>
</li>
<li>Natural gas
<ul>
<li>Nymex Henry Hub Future</li>
<li>Henry Hub Spot</li>
<li>New York City Gate Spot</li>
</ul>
</li>
</ul>
Most of the above oil futures have delivery dates in all 12 months of the year.<sup>[8]</sup>
<h4>Speculation</h4>
The surge in oil prices in the past several years has led some commentators to argue that at least some of the rise is due to speculation in the futures markets.<sup>[9]</sup>
<h4> Future price changes</h4>
In 2009, Seismic Micro-Technology conducted a survey of geophysicists and geologists about the future of crude oil. Of the survey participants 80 percent predicted the price for a barrel of oil will rise to be somewhere between $50 and $100 per barrel by June 2010.<sup>[10]</sup> Another 50 percent saying it will rise even further to $100 to $150 a barrel in the next five years.<sup>[10]</sup>

Oil prices could go to $200- $300 a barrel if the world’s top crude exporter Saudi Arabia is hit by serious political unrest, according to former Saudi oil minister Sheikh Yamani. Yamani has said that underlying discontent remained unresolved in Saudi Arabia. "If something happens in Saudi Arabia it will go to $200 to $300. I don’t expect this for the time being, but who would have expected Tunisia?" Yamani told Reuters on the sidelines of a conference of the Centre for Global Energy Studies (CGES) which he chaired on April 5th 2011.<sup>[11]</sup>
<h4>CFTC investigation</h4>
The U.S. Commodity Futures Trading Commission (CFTC) announced "Multiple Energy Market Initiatives" on May 29, 2008. Part 1 is "Expanded International Surveillance Information for Crude Oil Trading." The CFTC announcement stated it has joined with the United Kingdom Financial Services Authority and ICE Futures Europe in order to expand surveillance and information sharing of various futures contracts.<sup>[12]</sup> This announcement has received wide coverage in the financial press, with speculation about oil futures price manipulation.<sup>[13]</sup><sup>[14]</sup><sup>[15]</sup>

The interim report by the Interagency Task Force, released in July, found that speculation had not caused significant changes in oil prices and that fundamental supply and demand factors provide the best explanation for the crude oil price increases. The report found that the primary reason for the price increases was that the world economy had expanded at its fastest pace in decades, resulting in substantial increases in the demand for oil, while the oil production grew sluggishly, compounded by production shortfalls in oil-exporting countries.

The report stated that as a result of the imbalance and low price elasticity, very large price increases occurred as the market attempted to balance scarce supply against growing demand, particularly in the last three years. The report forecast that this imbalance would persist in the future, leading to continued upward pressure on oil prices, and that large or rapid movements in oil prices are likely to occur even in the absence of activity by speculators. The task force continues to analyze commodity markets and intends to issue further findings later in the year.
<h4>Future projections</h4>
<div>Main article: Oil depletion</div>
<div>Main article: Peak oil</div>
Peak oil is the period when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. It relates to a long term decline in the available supply of petroleum. This, combined with increasing demand, will significantly increase the worldwide prices of petroleum derived products. Most significant will be the availability and price of liquid fuel for transportation.

The US Department of Energy in the Hirsch report indicates that “The problems associated with world oil production peaking will not be temporary, and past “energy crisis” experience will provide relatively little guidance.”<sup>[16] …"</sup>

<a href="http://en.wikipedia.org/wiki/Price_of_petroleum">http://en.wikipedia.org/wiki/Price_of_petroleum</a>
<p style="text-align: left;"><strong>Gas prices soar on dollar devaluation even as consumption drops to 10-year lows </strong></p>
<strong>Written By Kenneth Schortgen Jr on Monday, February 13, 2012</strong>

"…One of the biggest misnomers in finance and economics today is that prices work according to supply and demand.  This was true when America performed in actual capitalist system, but since we moved to both fascism and crony capitalism, where corporations, banks, and government all work together at the betterment of themselves and not society, prices are fixed due to other factors such as dollar devaluation.
<div style="padding-left: 30px;"><strong><em>U.S. drivers used 2.8 percent less motor gasoline last year and consumed the smallest amount since 1999, the U.S. Department of Energy said Wednesday. Officials credited the decrease to more fuel-efficient cars and an aging population taking few trips.</em></strong></div>
<div style="padding-left: 30px;"><strong><em>Meanwhile, U.S. domestic oil production increased by more than 2 percent last year to 5.6 million barrels per day. – </em></strong><a href="http://www.desmoinesregister.com/article/20120209/BUSINESS/302090065/-1/TERMSOFSERVICE/Gas-consumption-lowest-since-1999"><strong><em>Des Moines Register</em></strong></a></div>
So… if consumption is way down, and production is actually up, should not gasoline prices be falling?  They should, except if you take into consideration the amount of money printing and currency devaluation being done by the Federal Reserve over the past four years, the amount of  inflation is being created by our own banking system, and not by a lack of products, or by higher demand.
In the end, Americans are being deceived by Fed Chairman Ben Bernanke. …"

<a href="http://www.thedailyeconomist.com/2012/02/gas-prices-soar-on-dollar-devaluation.html">http://www.thedailyeconomist.com/2012/02/gas-prices-soar-on-dollar-devaluation.html</a>
<h3 style="text-align: left;"></h3>
<h3 style="text-align: left;">Gasoline Prices Are Not Rising, the Dollar Is Falling</h3>
<strong><a href="http://blogs.forbes.com/louiswoodhill/">Louis Woodhill</a></strong>

"…Panic is in the air as gasoline prices move above $4.00 per gallon. Politicians and pundits are rounding up the usual suspects, looking for someone or something to blame for this latest outrage to middle class family budgets. In a rare display of bipartisanship, President Obama and Speaker of the House <a href="http://www.forbes.com/profile/john-boehner/">John Boehner</a> are both wringing their hands over the prospect of seeing their newly extended Social <a href="http://www.forbes.com/security/">Security</a> tax cut gobbled up by rising gasoline costs.

Unfortunately, the talking heads that are trying to explain the reasons for high oil prices are missing one tiny detail. Oil prices aren’t high right now. In fact, they are unusually low. Gasoline prices would have to rise by another $0.65 to $0.75 per gallon from where they are now just to be “normal”. And, because gasoline prices are low right now, it is very likely that they are going to go up more—perhaps a lot more.

What the politicians, analysts, and pundits are missing is that prices are ratios. Gasoline prices reflect crude oil prices, so let’s use West Texas Intermediate (WTI) crude oil to illustrate this crucial point.

As this is written, West Texas Intermediate crude oil (WTI) is trading at $105.88/bbl. All this means is that the market value of a barrel of WTI is 105.88 times the market value of “the dollar”. It is also true that WTI is trading at €79.95/bbl, ¥8,439.69/barrel, and £67.13/bbl. In all of these cases, the market value of WTI is the same. What is different in each case is the value of the monetary unit (euros, yen, and British pounds, respectively) being used to calculate the ratio that expresses the price.

In terms of judging whether the price of WTI is high or low, here is the price that truly matters: 0.0602 ounces of gold per barrel (which can be written as Au0.0602/bbl). What this number means is that, right now, a barrel of WTI has the same market value as 0.0602 ounces of gold.

During the 493 months since January 1, 1971, the price of WTI has averaged Au0.0732/bbl. It has been higher than that during 225 of those months and lower than that during 268 of those months. Plotted as a graph, the line representing the price of a barrel of oil in terms of gold has crossed the horizontal line representing the long-term average price (Au0.0732/bbl) 29 times.

At Au0.0602/bbl, today’s WTI price is only 82% of its average over the past 41+ years. Assuming that gold prices remained at today’s $1,759.30/oz, WTI prices would have to rise by about 22%, to $128.86/bbl, in order to reach their long-term average in terms of gold. As mentioned earlier, such an increase would drive up retail gasoline prices by somewhere between $0.65 and $0.75 per gallon.

At this point, we can be certain that, unless gold prices come down, gasoline prices are going to go up—by a lot. And, because the dollar is currently a floating, undefined, fiat currency, there is no inherent limit to how far the price of gold in dollars can rise, and therefore no ultimate ceiling on gasoline prices. …"

<a href="http://www.forbes.com/sites/louiswoodhill/2012/02/22/gasoline-prices-are-not-rising-the-dollar-is-falling/">http://www.forbes.com/sites/louiswoodhill/2012/02/22/gasoline-prices-are-not-rising-the-dollar-is-falling/</a>

<strong>Why Gas Prices Are Actually Falling   </strong>
<div><strong>By Gary Gibson</strong></div>
"…It’s not gold and silver prices that are volatile. Those have been incredibly consistent for thousands of years in terms of commodities they could buy. And because of the increasing standard of living being raised by free market economies, in a very real sense these eternal monies actually buy more. It’s the dollar that has been erratic in its overall declining trend ever since it’s been cut loose from gold (and silver).

Again, people looking at the cost of a gallon of gas, or of milk, or the cost of a nice suit, or rent from behind their piles of gold and silver are finding very little to worry about. In fact, to them, prices are lower than normal and declining.

Also the price of oil has tended to track the price of silver awfully closely for about as long as oil has been industrially useful. And so it’s no mistake that you can still get a gallon of gas for about about $0.20…as long as that $0.20 is composed of a pre-1964 90% silver dimes. …"

<a href="http://raymondpronk.files.wordpress.com/2012/02/silver_quarter.png"><img class="aligncenter size-full wp-image-55554" title="silver_quarter" src="http://raymondpronk.files.wordpress.com/2012/02/silver_quarter.png" alt="" width="544" height="195" /></a>

"…You see, the pre-1965 quarter is worth $6.38 as I type this. The pre-1965 dime is worth $2.55. These coins hail from a time when the dollar was still tied to gold (at the official price of $35 per ounce prior to Nixon nixing the gold standard). The dollar was still as good as gold — even though Americans themselves were forbidden to own gold bullion from 1933 till 1974 — and there was actual silver in the coinage until that content was reduced in 1964 and eliminated in 1965.

Those old silver coins shine the harsh light on the strength of the currency and the abuse that currency suffers from the feds and the Federal Reserve.

If you’d been saving in gold, then from your point of view gas prices have been coming down for the past few years. If you’d been saving in that old “junk” silver (pre-1965 quarters, dimes and half dollars), then gas prices are a downright bargain, too. …"

<a href="http://whiskeyandgunpowder.com/why-gas-prices-are-actually-falling/">http://whiskeyandgunpowder.com/why-gas-prices-are-actually-falling/</a>
<h4><strong>Consequences to Expect if the U.S. Invades Iran   </strong></h4>
<h4><strong>By Whiskey Contributor<small>Feb 22nd, 2012</small></strong></h4>
<h4><strong>Exploding Oil Prices</strong></h4>
The U.S. has had a ban on Iranian oil imports since 1979, however, Iran still supplies about 5% of the global oil market. This might not seem like much, but Iran also has the means and ability to shut down the Straight of Hormuz, which is one of two major petroleum choke points in the world. Around 17 million barrels of oil per day are shipped through the Straight of Hormuz, or about 20% of all oil traded worldwide.
<p align="center"><img src="http://www.ezimages.net/WHISKEY/022212_pic2.png" alt="" width="363" height="208" /></p>
"…In 2006, during the last major Iran war scare, experts predicted gasoline price increases in excess of <a href="http://money.cnn.com/2006/02/07/news/international/iran_oil/" target="_blank">$10 a gallon if Iran was invaded.</a>

This would devastate the U.S. economy, which is already hanging by a thin thread. Iran has announced this past weekend it will cease all oil shipments to Britain and France in protest of their support of economic sanctions. This alone is causing oil to spike today. A global energy crisis will financially decimate average citizens who will have their savings sapped by extreme price inflation, not just in gasoline, but in all goods that require the use of gasoline in their production and shipping. If you like this idea, then by all means, support an invasion of Iran.

<strong>War Domino Effect</strong>

In January of 2010, I wrote an article for Neithercorp Press entitled <a href="http://www.alt-market.com/neithercorp/press/2010/01/will-globalists-trigger-yet-another-world-war/" target="_blank">“Will Globalists Trigger Yet Another World War</a>“. In that article, I warned about the dangers of an invasion of Iran or Syria being used to foment a global conflict, in order to create a crisis large enough to distract the masses away from the international banker created economic collapse.

In 2006, Iran signed a mutual defense pact with its neighbor, Syria, which is also in the middle of its own turmoil and possible NATO intervention. Syria has strong ties to Russia, and even has a revamped Russian naval base off its coast, a fact rarely mentioned by the mainstream media. Both Russia and China have made their opposition clear in the case of any Western intervention in Iran or Syria. An invasion by the U.S. or Israel in these regions could quickly intensify into wider war between major world powers. If you like the idea of a world war which could eventually put you and your family in direct danger, then by all means, support an invasion of Iran.

<strong>Dollar Collapse</strong>

Make no mistake, the U.S. dollar is already on the verge of collapse, along with the U.S. economy. Bilateral trade agreements between BRIC and ASEAN nations are sprouting up everywhere the past couple months, and these agreements are specifically designed to end the dollar’s status as the world reserve currency. An invasion of Iran will only expedite this process. If global anger over the resulting chaos in oil prices doesn’t set off a dump of the dollar, the eventual debt obligation incurred through the overt costs of war will. Ron Paul has always been right; it doesn’t matter whether you think invasion is a good idea or not. We simply CANNOT afford it. America is bankrupt. Our only source of income is our ability to print money from thin air. Each dollar created to fund new wars brings our currency ever closer to its demise. …"

<a href="http://whiskeyandgunpowder.com/consequences-to-expect-if-the-u-s-invades-iran/">http://whiskeyandgunpowder.com/consequences-to-expect-if-the-u-s-invades-iran/</a>
<h1 style="text-align: center;">Background Articles and Videos</h1>
<h4 style="text-align: center;"></h4>
<h4 style="text-align: center;"></h4>
<h4 id="watch-headline-title" style="text-align: center;">Introduction to Futures</h4>
<p style="text-align: center;"></p>

<h4 id="watch-headline-title" style="text-align: center;">What is a Future?</h4>
<p style="text-align: center;"></p>

<h4 id="watch-headline-title" style="text-align: center;">Investopedia Video: How Do Futures Contracts Work?</h4>
<p style="text-align: center;"></p>

<h4 id="watch-headline-title" style="text-align: center;">Commodity futures margin accounts</h4>
<p style="text-align: center;"></p>

<div><strong> Security Futures—Know Your Risks, or Risk Your Future</strong></div>
<div>

<strong>"…Margin & Leverage</strong>

When a brokerage firm lends you part of the funds needed to purchase a security, such as common stock, the term "margin" refers to the amount of cash, or down payment, the customer is required to deposit. By contrast, a security futures contract is an obligation not an asset and has no value as collateral for a loan. When you enter into a security futures contract, you are required to make a payment referred to as a "margin payment" or "performance bond" to cover potential losses.

For a relatively small amount of money (the margin requirement), a futures contract worth several times as much can be bought or sold. The smaller the margin requirement in relation to the underlying value of the futures contract, the greater the leverage. Because of this leverage, small changes in price can result in large gains and losses in a short period of time.

<strong>Example:</strong> Assuming a security futures contract is for 100 shares of stock, if a security futures contract is established at a contract price of $50, the contract has a nominal value of $5,000 (see definition below). The margin requirement may be as low as 20 percent, which would require a margin deposit of $1,000. Assume the contract price rises from $50 to $52 (a $200 increase in the nominal value). This represents a $200 profit to the buyer of the futures contract, and a 20 percent return on the $1,000 deposited as margin.

The reverse would be true if the contract price decreased from $50 to $48. This represents a $200 loss to the buyer, or 20 percent of the $1,000 deposited as margin. Thus, leverage can either benefit or harm an investor.
Note that a 4 percent decrease in the value of the contract resulted in a loss of 20 percent of the margin deposited. A 20 percent decrease in the contract price ($50 to $40) would mean a drop in the nominal value of the contract from $5,000 to $4,000, thereby wiping out 100 percent of the margin deposited on the security futures contract. …"

</div>
<div><a href="http://www.finra.org/Investors/InvestmentChoices/P005912">http://www.finra.org/Investors/InvestmentChoices/P005912</a></div>
<div></div>
<div>
<h4>Futures Margins<a href="http://www.dpbolvw.net/click-2519541-10992963" target="_blank"> </a></h4>
<!– google_ad_section_start –>Participants in a futures contract are required to post performance bond margins in order to open and maintain a futures position.

Futures margin requirements are set by the exchanges and are typically only 2 to 10 percent of the full value of the futures contract.

Margins are financial guarantees required of both buyers and sellers of futures contracts to ensure that they fulfill their futures contract obligations.
<h4>Initial Margin</h4>
Before a futures position can be opened, there must be enough available balance in the futures trader’s margin account to meet the initial margin requirement. Upon opening the futures position, an amount equal to the initial margin requirement will be deducted from the trader’s margin account and transferred to the exchange’s clearing firm. This money is held by the exchange clearinghouse as long as the futures position remains open.
<h4>Maintenance Margin</h4>
The maintenance margin is the minimum amount a futures trader is required to maintain in his margin account in order to hold a futures position. The maintenance margin level is usually slightly below the initial margin.

If the balance in the futures trader’s margin account falls below the maintenance margin level, he or she will receive a margin call to top up his margin account so as to meet the initial margin requirement.
<h4>Example</h4>
Let’s assume we have a speculator who has $10000 in his trading account. He decides to buy August Crude Oil at $40 per barrel. Each Crude Oil futures contract represents 1000 barrels and requires an initial margin of $9000 and has a maintenance margin level set at $6500.

Since his account is $10000, which is more than the initial margin requirement, he can therefore open up one August Crude Oil futures position.

One day later, the price of August Crude Oil drops to $38 a barrel. Our speculator has suffered an open position loss of $2000 ($2 x 1000 barrels) and thus his account balance drops to $8000.

Although his balance is now lower than the initial margin requirement, he did not get the margin call as it is still above the maintenance level of $6500.

Unfortunately, on the very next day, the price of August Crude Oil crashed further to $35, leading to an additional $3000 loss on his open Crude Oil position. With only $5000 left in his trading account, which is below the maintenance level of $6500, he received a call from his broker asking him to top up his trading account back to the initial level of $9000 in order to maintain his open Crude Oil position.

This means that if the speculator wishes to stay in the position, he will need to deposit an additional $4000 into his trading account.

Otherwise, if he decides to quit the position, the remaining $5000 in his account will be available to use for trading once again. …"
<a href="http://www.theoptionsguide.com/futures-margin.aspx">http://www.theoptionsguide.com/futures-margin.aspx</a>

</div>
<div></div>
<div></div>
<div><strong>Federal Regulation of Margin in the Commodities Futures Industry: History and Theory</strong></div>
<div>
<div>
<div>
<h4><a href="http://www.nationalaglawcenter.org/assets/bibarticles/markham_margin.pdf">http://www.nationalaglawcenter.org/assets/bibarticles/markham_margin.pdf</a></h4>
<h4></h4>
<h4></h4>
<h4>How does oil speculation raise gas prices?</h4>
<h4>by Josh Clark</h4>
</div>
</div>
</div>
<div align="left">

"…The next time you drive to the gas station, only to find prices are still sky high compared to just a few years ago, take notice of the rows of <a href="http://money.howstuffworks.com/personal-finance/debt-management/foreclosure.htm">foreclosed</a> houses you’ll pass along the way. They may seem like two parts of a spell of economic bad luck, but high gas prices and home foreclosures are actually very much interrelated. Before most people were even aware there was an <a href="http://money.howstuffworks.com/government-bailout.htm">economic crisis</a>, investment managers abandoned failing <a href="http://money.howstuffworks.com/mortgage-backed-security.htm">mortgage-backed securities</a> and looked for other lucrative investments. What they settled on was oil futures.

An <strong>oil future</strong> is simply a contract between a buyer and seller, where the buyer agrees to purchase a certain amount of a commodity — in this case <a href="http://science.howstuffworks.com/environmental/energy/oil-refining.htm">oil</a>– at a fixed price

1

. Futures offer a way for a purchaser to bet on whether a commodity will increase in price down the road. Once locked into a contract, a futures buyer would receive a barrel of oil for the price dictated in the future contract, even if the market price was higher when the barrel was actually delivered. …”

“…What speculators do is bet on what price a commodity will reach by a future date, through instruments called derivatives. Unlike an investment in an actual commodity (such as a barrel of oil), a derivative’s value is based on the value of a commodity (for example, a bet on whether a barrel of oil will increase or decrease in price). Speculators have no hand in the sale of the commodity they’re betting on; they’re not the buyer or the seller.

By betting on the price outcome with only a single futures contract, a speculator has no effect on a market. It’s simply a bet. But a speculator with the capital to purchase a sizeable number of futures derivatives at one price can actually sway the market. As energy researcher F. William Engdahl put it, “[s]peculators trade on rumor, not fact”

. A speculator purchasing vast futures at higher than the current market price can cause oil producers to horde their commodity in the hopes they’ll be able to sell it later on at the future price. This drives prices up in reality — both future and present prices — due to the decreased amount of oil currently available on the market.

Investment firms that can influence the oil futures market stand to make a lot; oil companies that both produce the commodity and drive prices up of their product up through oil futures derivatives stand to make even more. Investigations into the unregulated oil futures exchanges turned up major financial institutions like Goldman Sachs and Citigroup. But it also revealed energy producers like Vitol, a Swiss company that owned 11 percent of the oil futures contracts on the New York Mercantile Exchange alone

.

As a result of speculation among these and other major players, an estimated 60 percent of the price of oil per barrel was added; a $100 barrel of oil, in reality, should cost $40

. And despite having an agency created to prevent just such speculative price inflation, by the time oil prices skyrocketed, the government had made a paper tiger out of it. …”

http://money.howstuffworks.com/oil-speculation-raise-gas-price.htm

Weekly Petroleum Status Report

Highlights

“…U.S. crude oil refinery inputs averaged just under 14.9 million barrels per

day during the week ending February 17, 170 thousand barrels per day

above the previous week’s average. Refineries operated at 85.5 percent

of their operable capacity last week. Gasoline production increased

last week, averaging nearly 9.0 million barrels per day. Distillate fuel

production decreased last week, averaging just under 4.3 million barrels

per day.

U.S. crude oil imports averaged nearly 9.1 million barrels per day last

week, up by 335 thousand barrels per day from the previous week. Over

the last four weeks, crude oil imports have averaged about 8.8 million

barrels per day, 211 thousand barrels per day above the same four-week

period last year. Total motor gasoline imports (including both finished

gasoline and gasoline blending components) last week averaged 845

thousand barrels per day. Distillate fuel imports averaged 122 thousand

barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic

Petroleum Reserve) increased by 1.6 million barrels from the previous

week. At 340.7 million barrels, U.S. crude oil inventories are in the

upper limit of the average range for this time of year. Total motor

gasoline inventories decreased by 0.6 million barrels last week and are

in the upper limit of the average range. Finished gasoline inventories

decreased while blending components inventories increased last week.

Distillate fuel inventories decreased by 0.2 million barrels last week and

are in the middle of the average range for this time of year. Propane/

propylene inventories decreased by 1.6 million barrels last week and are

above the upper limit of the average range. Total commercial petroleum

inventories increased by 3.3 million barrels last week.

Total products supplied over the last four-week period have averaged

about 18.1 million barrels per day, down by 6.7 percent compared to

the similar period last year. Over the last four weeks, motor gasoline

product supplied has averaged 8.2 million barrels per day, down by 6.1

percent from the same period last year. Distillate fuel product supplied

has averaged about 3.6 million barrels per day over the last four weeks,

down by 5.9 percent from the same period last year. Jet fuel product

supplied is 9.1 percent lower over the last four weeks compared to the

same four-week period last year.

WTI was $103.27 per barrel on February 17, 2012, $4.59 more than

last week’s price and $18.24 above a year ago. The spot price for

conventional gasoline in the New York Harbor was $3.023 per gallon,

$0.022 more than last week’s price and $0.483 above last year. The

spot price for No. 2 heating oil in the New York Harbor was $3.185 per

gallon, $0.002 less than last week’s price but $0.474 above a year ago.

The national average retail regular gasoline price increased for the fourth

week in a row to $3.591 per gallon on February 20, 2012, $0.068 per

gallon more than last week and $0.402 above a year ago. The national

average retail diesel fuel price also increased for the fourth straight week

in a row to $3.960 per gallon, $0.017 per gallon more than last week and

$0.387 above a year ago. …”

http://www.eia.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/highlights.pdf

Inflation:  Calculating the rate of inflation

Historical CPI-U data from 1913 to the present

“…For just current CPI data, see CPI page. The following table provides all the Consumer Price Index data CPI-U from 1913 to the Present.

The Consumer Price Index (CPI-U)  is compiled by the Bureau of Labor Statistics and is based upon a 1982 Base of 100. A Consumer Price Index of 158 indicates 58% inflation since 1982. The commonly quoted inflation rate of say 3% is actually the change in the Consumer Price Index from a year earlier. By looking at the change in the Consumer Price Index we can see that what cost an average of 9.9 cents in 1913 would cost us about $1.82 in 2003 and $2.02 in 2007.

To find Prior Consumer Price Index (CPI) data on this table (back through 1913) click on the date range links below the table.

For Inflation data rather than Consumer Price Index data go to the Historical Inflation page. If you would like to calculate the inflation rate between two dates using the Consumer Price Index data from this chart, use our handy easy to use Inflation calculator or you might prefer to use our Cost of Living Calculator to compare the costs in two cities. You can find links to Inflation and Consumer Price Index data for other countries HERE. A chart of Inflation by decade, Annual Inflation and Confederate Inflation is also available. Menu navigation is available on the menu bar on the left of every page. We have a complete listing of all of our Articles on inflation, including Inflation Definitions, Which is better High or Low Inflation, and How to Calculate Inflation.

You might also be interested in the wide variety of articles on our sister site Financial Trend Forecaster a complete list of the articles on Financial Trend Forecaster is at the FTF Article Archives.

Note Effective January 2007 the BLS began publishing the CPI index to three decimal places (prior to that it was only one decimal place).  But InflationData.com is still the only place to get the Inflation Rate calculated to two decimal places.

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2012 226.665
2011 220.223 221.309 223.467 224.906 225.964 225.722 225.922 226.545 226.889 226.421 226.230 225.672 224.939
2010 216.687 216.741 217.631 218.009 218.178 217.965 218.011 218.312 218.439 218.711 218.803 219.179 218.056
2009 211.143 212.193 212.709 213.240 213.856 215.693 215.351 215.834 215.969 216.177 216.330 215.949 214.537
2008 211.080 211.693 213.528 214.823 216.632 218.815 219.964 219.086 218.783 216.573 212.425 210.228 215.303
2007 202.416 203.499 205.352 206.686 207.949 208.352 208.299 207.917 208.490 208.936 210.177 210.036 207.342
2006 198.300 198.700 199.800 201.500 202.500 202.900 203.500 203.900 202.900 201.800 201.500 201.800 201.600
2005 190.700 191.800 193.300 194.600 194.400 194.500 195.400 196.400 198.800 199.200 197.600 196.800 195.300
2004 185.200 186.200 187.400 188.000 189.100 189.700 189.400 189.500 189.900 190.900 191.000 190.300 188.900
2003 181.700 183.100 184.200 183.800 183.500 183.700 183.900 184.600 185.200 185.000 184.500 184.300 183.960
2002 177.100 177.800 178.800 179.800 179.800 179.900 180.100 180.700 181.000 181.300 181.300 180.900 179.880
2001 175.100 175.800 176.200 176.900 177.700 178.000 177.500 177.500 178.300 177.700 177.400 176.700 177.100
2000 168.800 169.800 171.200 171.300 171.500 172.400 172.800 172.800 173.700 174.000 174.100 174.000 172.200
1999 164.300 164.500 165.000 166.200 166.200 166.200 166.700 167.100 167.900 168.200 168.300 168.300 166.600
1998 161.600 161.900 162.200 162.500 162.800 163.000 163.200 163.400 163.600 164.000 164.000 163.900 163.000
1997 159.100 159.600 160.000 160.200 160.100 160.300 160.500 160.800 161.200 161.600 161.500 161.300 160.500
1996 154.400 154.900 155.700 156.300 156.600 156.700 157.000 157.300 157.800 158.300 158.600 158.600 156.900
1995 150.300 150.900 151.400 151.900 152.200 152.500 152.500 152.900 153.200 153.700 153.600 153.500 152.400
1994 146.200 146.700 147.200 147.400 147.500 148.000 148.400 149.000 149.400 149.500 149.700 149.700 148.200
1993 142.600 143.100 143.600 144.000 144.200 144.400 144.400 144.800 145.100 145.700 145.800 145.800 144.500
1992 138.100 138.600 139.300 139.500 139.700 140.200 140.500 140.900 141.300 141.800 142.000 141.900 140.300
1991 134.600 134.800 135.000 135.200 135.600 136.000 136.200 136.600 137.200 137.400 137.800 137.900 136.200
1990 127.400 128.000 128.700 128.900 129.200 129.900 130.400 131.600 132.700 133.500 133.800 133.800 130.700
1989 121.100 121.600 122.300 123.100 123.800 124.100 124.400 124.600 125.000 125.600 125.900 126.100 124.000
1988 115.700 116.000 116.500 117.100 117.500 118.000 118.500 119.000 119.800 120.200 120.300 120.500 118.300
1987 111.200 111.600 112.100 112.700 113.100 113.500 113.800 114.400 115.000 115.300 115.400 115.400 113.600
1986 109.600 109.300 108.800 108.600 108.900 109.500 109.500 109.700 110.200 110.300 110.400 110.500 109.600
1985 105.500 106.000 106.400 106.900 107.300 107.600 107.800 108.000 108.300 108.700 109.000 109.300 107.600
1984 101.900 102.400 102.600 103.100 103.400 103.700 104.100 104.500 105.000 105.300 105.300 105.300 103.900
1983 97.800 97.900 97.900 98.600 99.200 99.500 99.900 100.200 100.700 101.000 101.200 101.300 99.600
1982 94.300 94.600 94.500 94.900 95.800 97.000 97.500 97.700 97.900 98.200 98.000 97.600 96.500
1981 87.000 87.900 88.500 89.100 89.800 90.600 91.600 92.300 93.200 93.400 93.700 94.000 90.900
1980 77.800 78.900 80.100 81.000 81.800 82.700 82.700 83.300 84.000 84.800 85.500 86.300 82.400
1979 68.300 69.100 69.800 70.600 71.500 72.300 73.100 73.800 74.600 75.200 75.900 76.700 72.600
1978 62.500 62.900 63.400 63.900 64.500 65.200 65.700 66.000 66.500 67.100 67.400 67.700 65.200
1977 58.500 59.100 59.500 60.000 60.300 60.700 61.000 61.200 61.400 61.600 61.900 62.100 60.600
1976 55.600 55.800 55.900 56.100 56.500 56.800 57.100 57.400 57.600 57.900 58.000 58.200 56.900
1975 52.100 52.500 52.700 52.900 53.200 53.600 54.200 54.300 54.600 54.900 55.300 55.500 53.800
1974 46.600 47.200 47.800 48.000 48.600 49.000 49.400 50.000 50.600 51.100 51.500 51.900 49.300
1973 42.600 42.900 43.300 43.600 43.900 44.200 44.300 45.100 45.200 45.600 45.900 46.200 44.400
1972 41.100 41.300 41.400 41.500 41.600 41.700 41.900 42.000 42.100 42.300 42.400 42.500 41.800
1971 39.800 39.900 40.000 40.100 40.300 40.600 40.700 40.800 40.800 40.900 40.900 41.100 40.500
1970 37.800 38.000 38.200 38.500 38.600 38.800 39.000 39.000 39.200 39.400 39.600 39.800 38.800
1969 35.600 35.800 36.100 36.300 36.400 36.600 36.800 37.000 37.100 37.300 37.500 37.700 36.700
1968 34.100 34.200 34.300 34.400 34.500 34.700 34.900 35.000 35.100 35.300 35.400 35.500 34.800
1967 32.900 32.900 33.000 33.100 33.200 33.300 33.400 33.500 33.600 33.700 33.800 33.900 33.400
1966 31.800 32.000 32.100 32.300 32.300 32.400 32.500 32.700 32.700 32.900 32.900 32.900 32.400
1965 31.200 31.200 31.300 31.400 31.400 31.600 31.600 31.600 31.600 31.700 31.700 31.800 31.500
1964 30.900 30.900 30.900 30.900 30.900 31.000 31.100 31.000 31.100 31.100 31.200 31.200 31.000
1963 30.400 30.400 30.500 30.500 30.500 30.600 30.700 30.700 30.700 30.800 30.800 30.900 30.600
1962 30.000 30.100 30.100 30.200 30.200 30.200 30.300 30.300 30.400 30.400 30.400 30.400 30.200
1961 29.800 29.800 29.800 29.800 29.800 29.800 30.000 29.900 30.000 30.000 30.000 30.000 29.900
1960 29.300 29.400 29.400 29.500 29.500 29.600 29.600 29.600 29.600 29.800 29.800 29.800 29.600
1959 29.000 28.900 28.900 29.000 29.000 29.100 29.200 29.200 29.300 29.400 29.400 29.400 29.100
1958 28.600 28.600 28.800 28.900 28.900 28.900 29.000 28.900 28.900 28.900 29.000 28.900 28.900
1957 27.600 27.700 27.800 27.900 28.000 28.100 28.300 28.300 28.300 28.300 28.400 28.400 28.100
1956 26.800 26.800 26.800 26.900 27.000 27.200 27.400 27.300 27.400 27.500 27.500 27.600 27.200
1955 26.700 26.700 26.700 26.700 26.700 26.700 26.800 26.800 26.900 26.900 26.900 26.800 26.800
1954 26.900 26.900 26.900 26.800 26.900 26.900 26.900 26.900 26.800 26.800 26.800 26.700 26.900
1953 26.600 26.500 26.600 26.600 26.700 26.800 26.800 26.900 26.900 27.000 26.900 26.900 26.700
1952 26.500 26.300 26.300 26.400 26.400 26.500 26.700 26.700 26.700 26.700 26.700 26.700 26.500
1951 25.400 25.700 25.800 25.800 25.900 25.900 25.900 25.900 26.100 26.200 26.400 26.500 26.000
1950 23.500 23.500 23.600 23.600 23.700 23.800 24.100 24.300 24.400 24.600 24.700 25.000 24.100
1949 24.000 23.800 23.800 23.900 23.800 23.900 23.700 23.800 23.900 23.700 23.800 23.600 23.800
1948 23.700 23.500 23.400 23.800 23.900 24.100 24.400 24.500 24.500 24.400 24.200 24.100 24.100
1947 21.500 21.500 21.900 21.900 21.900 22.000 22.200 22.500 23.000 23.000 23.100 23.400 22.300
1946 18.200 18.100 18.300 18.400 18.500 18.700 19.800 20.200 20.400 20.800 21.300 21.500 19.500
1945 17.800 17.800 17.800 17.800 17.900 18.100 18.100 18.100 18.100 18.100 18.100 18.200 18.000
1944 17.400 17.400 17.400 17.500 17.500 17.600 17.700 17.700 17.700 17.700 17.700 17.800 17.600
1943 16.900 16.900 17.200 17.400 17.500 17.500 17.400 17.300 17.400 17.400 17.400 17.400 17.300
1942 15.700 15.800 16.000 16.100 16.300 16.300 16.400 16.500 16.500 16.700 16.800 16.900 16.300
1941 14.100 14.100 14.200 14.300 14.400 14.700 14.700 14.900 15.100 15.300 15.400 15.500 14.700
1940 13.900 14.000 14.000 14.000 14.000 14.100 14.000 14.000 14.000 14.000 14.000 14.100 14.000
1939 14.000 13.900 13.900 13.800 13.800 13.800 13.800 13.800 14.100 14.000 14.000 14.000 13.900
1938 14.200 14.100 14.100 14.200 14.100 14.100 14.100 14.100 14.100 14.000 14.000 14.000 14.100
1937 14.100 14.100 14.200 14.300 14.400 14.400 14.500 14.500 14.600 14.600 14.500 14.400 14.400
1936 13.800 13.800 13.700 13.700 13.700 13.800 13.900 14.000 14.000 14.000 14.000 14.000 13.900
1935 13.600 13.700 13.700 13.800 13.800 13.700 13.700 13.700 13.700 13.700 13.800 13.800 13.700
1934 13.200 13.300 13.300 13.300 13.300 13.400 13.400 13.400 13.600 13.500 13.500 13.400 13.400
1933 12.900 12.700 12.600 12.600 12.600 12.700 13.100 13.200 13.200 13.200 13.200 13.200 13.000
1932 14.300 14.100 14.000 13.900 13.700 13.600 13.600 13.500 13.400 13.300 13.200 13.100 13.700
1931 15.900 15.700 15.600 15.500 15.300 15.100 15.100 15.100 15.000 14.900 14.700 14.600 15.200
1930 17.100 17.000 16.900 17.000 16.900 16.800 16.600 16.500 16.600 16.500 16.400 16.100 16.700
1929 17.100 17.100 17.000 16.900 17.000 17.100 17.300 17.300 17.300 17.300 17.300 17.200 17.100
1928 17.300 17.100 17.100 17.100 17.200 17.100 17.100 17.100 17.300 17.200 17.200 17.100 17.100
1927 17.500 17.400 17.300 17.300 17.400 17.600 17.300 17.200 17.300 17.400 17.300 17.300 17.400
1926 17.900 17.900 17.800 17.900 17.800 17.700 17.500 17.400 17.500 17.600 17.700 17.700 17.700
1925 17.300 17.200 17.300 17.200 17.300 17.500 17.700 17.700 17.700 17.700 18.000 17.900 17.500
1924 17.300 17.200 17.100 17.000 17.000 17.000 17.100 17.000 17.100 17.200 17.200 17.300 17.100
1923 16.800 16.800 16.800 16.900 16.900 17.000 17.200 17.100 17.200 17.300 17.300 17.300 17.100
1922 16.900 16.900 16.700 16.700 16.700 16.700 16.800 16.600 16.600 16.700 16.800 16.900 16.800
1921 19.000 18.400 18.300 18.100 17.700 17.600 17.700 17.700 17.500 17.500 17.400 17.300 17.900
1920 19.300 19.500 19.700 20.300 20.600 20.900 20.800 20.300 20.000 19.900 19.800 19.400 20.000
1919 16.500 16.200 16.400 16.700 16.900 16.900 17.400 17.700 17.800 18.100 18.500 18.900 17.300
1918 14.000 14.100 14.000 14.200 14.500 14.700 15.100 15.400 15.700 16.000 16.300 16.500 15.100
1917 11.700 12.000 12.000 12.600 12.800 13.000 12.800 13.000 13.300 13.500 13.500 13.700 12.800
1916 10.400 10.400 10.500 10.600 10.700 10.800 10.800 10.900 11.100 11.300 11.500 11.600 10.900
1915 10.100 10.000 9.900 10.000 10.100 10.100 10.100 10.100 10.100 10.200 10.300 10.300 10.100
1914 10.000 9.900 9.900 9.800 9.900 9.900 10.000 10.200 10.200 10.100 10.200 10.100 10.000
1913 9.800 9.800 9.800 9.800 9.700 9.800 9.900 9.900 10.000 10.000 10.100 10.000 9.900

To calculate inflation from a month and year to a later month and year, try our Inflation calculator

http://inflationdata.com/Inflation/Consumer_Price_Index/HistoricalCPI.aspx

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Clothing, Commodity, Food and Energy Prices Rising–Wall Street Speculation Screwing American People At Gas Pump Again!–Videos

Posted on January 6, 2011. Filed under: Agriculture, Banking, Blogroll, College, Economics, Education, Federal Government, Fiscal Policy, government, government spending, history, Investments, Language, Law, liberty, Life, Links, media, Money, People, Philosophy, Politics, Rants, Raves, Taxes, Video, Wealth, Wisdom | Tags: , , , , , , , , , |

 

Glenn Beck-01/06/11-A

 

Glenn Beck-01/06/11-B

 

Glenn Beck-01/06/11-C

 

Oil Speculators Gone Wild

 

How to stop oil Speculation

 

Mike Masters on Regulating Commodities Speculation

 

Crude Oil Speculation

 

Energy Commodity Market Regulations

 

Michael Greenberger on Over-the-Counter Derivatives (Roosevelt Institute)

 

 

Background Artilces and Videos

Oil’s Rise: What’s Causing It?; Wall Street & Oil’s Spike

Oil Speculators Take Heat

The Price Of Oil

 

The Real TRUTH Behind The OIL PRICES

 

Steenland & Chilton: Oil Prices Inflated Due to Speculation

 

Inside Story – Oil prices near $100-a-barrel – 11Nov07- Pt 1

 

Inside Story – Oil prices near $100-a-barrel – 11Nov07- Pt 2

 

 Hedge Funds – Paul Solman

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Food Prices Rising–Videos

Posted on November 22, 2010. Filed under: Banking, Blogroll, Business, College, Communications, Crime, Demographics, Economics, Education, Employment, Energy, Farming, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Homes, Immigration, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Regulations, Security, Taxes, Video, War, Wisdom | Tags: , , , , , , , , , , , , , , , , , |

 

http://www.shadowstats.com/alternate_data/inflation-charts

U.S. Producer Prices Rise 0.4%, Core Measure Falls 0.6%

 

Housing Starts Fall; CPI Increases Less Than Forecast

 

The Bottom 20% of America could be in for a long Cold, Hungry Winter

 

Higher Prices on the Horizon

 

Why Are Food Prices Rising?

 

Fuel on the cob

 

Ethanol- Don’t Believe The Hype… 

 

Biofuels scandal + food prices.

 

Are You Prepared for Food Inflation Flour up 400% rice up 200%

 

Food Prices On The Rise This Holiday

 

Higher Corn Prices To Impact Your Grocery Budget

 

Peter Schiff’s Admiration For ‘Intellectual Dynamo’ Sarah Palin’s ‘Really Good Stuff’

 

 

Glenn Beck: Prepare For What Is Coming- Food Prices on the Rise 18NOV10

Family Thanksgiving Dinner Could Soon Cost $826, Experts Predict

 

NIA Projects Future U.S. Food Price Increases – Glenn Beck

 

END THE FED!

 

Dear America, Your Taxes Are Going Up 20%, Food and Gas Prices Will Skyrocket, Fed Drops Bomb On Us

 

Background Articles and Videos

Meltup

Rising Global Food Prices Alarm UN

Food Sellers Grit Teeth, Raise Prices

 

Leadership Ethics and Corruption — EU Commission lecture

The Food Crisis Of 2011

 Addison Wiggin

“…Fact is,  the food crisis of 2008 never really went away.

True, food riots didn’t break out in poor countries during 2009 and warehouse stores like Costco didn’t ration 20-pound bags of rice…but supply remained tight.

Prices for basic foodstuffs like corn and wheat remain below their 2008 highs. But they’re a lot higher than they were before “the food crisis of 2008” took hold. Here’s what’s happened to some key farm commodities so far in 2010…

  • Corn: Up 63%
  • Wheat: Up 84%
  • Soybeans: Up 24%
  • Sugar: Up 55%

What was a slow and steady increase much of the year has gone into overdrive since late summer. Blame it on two factors…

  • Aug. 5: A failed wheat harvest prompted Russia to ban grain exports through the end of the year. Later in August, the ban was extended through the end of 2011. Drought has wrecked the harvest in Russia, Ukraine and Kazakhstan – home to a quarter of world production
  • Oct. 8: For a second month running, the Agriculture Department cut its forecast for US corn production. The USDA predicts a 3.4% decline from last year. Damage done by Midwestern floods in June was made worse by hot, dry weather in August.

America’s been blessed with year after year of “record harvests,” depending on how you measure it. So when crisis hits elsewhere in the world, the burden of keeping the world fed falls on America’s shoulders. …”

Packagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies

“…Food prices are rising faster than overall inflation. The consumer price index for all items minus food and energy rose 0.8% over the year to September, the lowest 12-month increase since March 1961, the Bureau of Labor Statistics said. The food index rose 1.4%, however. The U.S. Agricultural Department is predicting overall food inflation of about 2% to 3% next year.

The current pressure is nothing like it was in October 2008, when food prices were rising at an annual rate of 6.3% and some hard lessons were learned when producers passed along those costs: Shoppers switched to private-label products. …”

http://online.wsj.com/article/SB10001424052748704506404575592313664715360.html

 

The Biofuels Scam

By James M. Andrews

“…Since 2007, the price of food around the world has just about doubled. Bad harvests, inflation, or George Bush didn’t cause this price increase. According to a secret report from the World Bank, reported in the U.K.’s Guardian, 75% of the increase in price has one source: “Biofuels.” This contrasts with U.S. claims of only a 3% biofuels-caused increase. The World Bank also says that rising food prices have pushed 100 million people worldwide below the poverty line. Riots have been sparked from Bangladesh to Egypt.
Where is the outrage? Where are the MSNBC stories on food riots? Where is Sean Penn?
The Holy Grail of the Left in recent years is climate disruption (formerly known as global warming and climate change). Much ink has been spilled, and much airtime has been devoted to pushing the Green Agenda. Legislation has been passed in the U.S., Europe, and other places to address this so-called crisis. Incandescent bulbs have been banned and mercury-laden CFLs required. Coal-fired power plants are shuttered, raising the price of energy. Vast oil fields are placed off limits. “Cap and Trade” rules threaten our already reeling economy. Among other measures, Congress mandates that gasoline contain 10% by volume of ethanol. As a result, the U.S. is currently burning about 25% of its corn crop as fuel. Government subsidies and mandates work quite well at converting food into fuel, thus reducing the amount of food. As anyone with more than a room temperature IQ knows, less of something results in higher prices. Hungry people? Psh! Saving the planet takes precedence.
Brazil is clearing (by burning) tens of thousands of acres of rainforest to plant sugarcane — not for human consumption, but for conversion to ethanol. Much more acreage has been cleared for sugarcane production than for lumber. As a CO2 “sink,” sugarcane is nonexistent compared to the trees it replaced. If CO2 were such a threat to the survival of the human race, wouldn’t keeping the rainforest be a good idea? Doesn’t burning millions of trees produce many thousands of tons of CO2? Clearly, common sense is missing from the “settled science” agenda of climate disruption. …”

Global food crisis forecast as prices reach record highs

Cost of meat, sugar, rice, wheat and maize soars as World Bank predicts five years of price volatility

“…Rising food prices and shortages could cause instability in many countries as the cost of staple foods and vegetables reached their highest levels in two years, with scientists predicting further widespread droughts and floods.Although food stocks are generally good despite much of this year’s harvests being wiped out in Pakistan and Russia, sugar and rice remain at a record price.

Global wheat and maize prices recently jumped nearly 30% in a few weeks while meat prices are at 20-year highs, according to the key Reuters-Jefferies commodity price indicator. Last week, the US predicted that global wheat harvests would be 30m tonnes lower than last year, a 5.5% fall. Meanwhile, the price of tomatoes in Egypt, garlic in China and bread in Pakistan are at near-record levels.

“The situation has deteriorated since September,” said Abdolreza Abbassian of the UN food and agriculture organisation. “In the last few weeks there have been signs we are heading the same way as in 2008.

“We may not get to the prices of 2008 but this time they could stay high much longer.” …”

http://www.guardian.co.uk/environment/2010/oct/25/impending-global-food-crisis

Six casualties of the world food crisis

http://www.guardian.co.uk/environment/2010/oct/25/food-prices-crisis-staple-foods

Alternate Inflation Charts

“…The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990. The CPI on the Alternate Data Series tab here reflects the CPI as if it were calculated using the methodologies in place in 1980. In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living. 

Further definition is provided in our  CPI Glossary. Further background on the SGS-Alternate CPI series is available in the Archives in the August 2006 SGS newsletter. …”

“…CPI Year-to-Year Growth

The CPI-U (consumer price index) is the broadest measure of consumer price inflation for goods and services published by the Bureau of Labor Statistics (BLS). 

While the headline number usually is the seasonally-adjusted month-to-month change, the formal CPI is reported on a not-seasonally-adjusted basis, with annual inflation measured in terms of year-to-year percent change in the price index.

Here we show the annual percent change (year-to-year) in both the CPI-U and the SGS-Alternate CPI. …” 

 

http://www.shadowstats.com/alternate_data/inflation-charts

Consumer Price Index Summary

 Transmission of material in this release is embargoed until
 8:30 a.m. (EST) Wednesday, November 17, 2010   USDL-10-1600

 Technical information: (202) 691-7000 Reed.Steve@bls.gov www.bls.gov/cpi
 Media Contact:         (202) 691-5902 PressOffice@bls.gov

                  Consumer Price Index - October 2010

 The Consumer Price Index for All Urban Consumers (CPI-U) increased
 0.2 percent in October on a seasonally adjusted basis, the U.S.
 Bureau of Labor Statistics reported today. Over the last 12 months,
 the all items index increased 1.2 percent before seasonal adjustment.

 As has frequently been the case in recent months, an increase in the
 energy index was the major factor in the all items seasonally
 adjusted increase. The gasoline index rose for the fourth month in a
 row and accounted for almost 90 percent of the all items increase;
 the household energy index rose as well. The food index rose slightly
 in October with the food at home index unchanged.

 The index for all items less food and energy was unchanged in
 October, the third month in a row with no change. The indexes for
 shelter and medical care rose, but these increases were offset by
 declines in an array of indexes including new vehicles, used cars and
 trucks, apparel, recreation, and tobacco.

 Over the last 12 months, the index for all items less food and energy
 has risen 0.6 percent, the smallest 12-month increase in the history
 of the index, which dates to 1957. The energy index has risen 5.9
 percent over that span with the gasoline index up 9.5 percent. The
 food index has risen 1.4 percent, with both the food at home index
 and food away from home index rising the same 1.4 percent.

 Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city
 average

                                  Seasonally adjusted changes from
                                          preceding month
                                                                          Un-
                                                                       adjusted
                                                                        12-mos.
                              Apr.  May   June  July  Aug.  Sep.  Oct.   ended
                              2010  2010  2010  2010  2010  2010  2010   Oct.
                                                                         2010  

 All items..................   -.1   -.2   -.1    .3    .3    .1    .2      1.2
  Food......................    .2    .0    .0   -.1    .2    .3    .1      1.4
   Food at home.............    .2    .0   -.1   -.1    .0    .3    .0      1.4
   Food away from home (1)..    .1    .1    .1    .0    .3    .3    .1      1.4
  Energy....................  -1.4  -2.9  -2.9   2.6   2.3    .7   2.6      5.9
   Energy commodities.......  -2.1  -4.8  -4.1   4.0   3.8   1.8   4.4      9.9
    Gasoline (all types)....  -2.4  -5.2  -4.5   4.6   3.9   1.6   4.6      9.5
    Fuel oil (1)............   2.3  -1.4  -3.2  -1.6    .9    .8   4.7     14.5
   Energy services..........   -.5   -.5  -1.6    .8    .4   -.8    .2       .9
    Electricity.............    .7   -.4  -2.2    .5    .2   -.3    .4       .6
    Utility (piped) gas
       service..............  -4.4  -1.0    .6   1.7   1.1  -2.3   -.4      1.9
  All items less food and
     energy.................    .0    .1    .2    .1    .0    .0    .0       .6
   Commodities less food and
      energy commodities....   -.3    .1    .2    .2    .1   -.2   -.2       .1
    New vehicles............    .0    .1    .1    .1    .3    .1   -.2       .4
    Used cars and trucks....    .2    .6    .9    .8    .7   -.7   -.9      8.6
    Apparel.................   -.7    .2    .8    .6   -.1   -.6   -.3     -1.2
    Medical care commodities
       (1)..................    .2    .1    .0   -.2    .2    .3    .1      2.5
   Services less energy
      services..............    .2    .1    .1    .1    .0    .1    .1       .8
    Shelter.................    .0    .1    .1    .1    .0    .0    .1      -.3
    Transportation services     .4    .4    .0    .0    .1    .3    .3      2.8
    Medical care services...    .3    .0    .4    .0    .2    .8    .2      3.6

   1 Not seasonally adjusted.

 Consumer Price Index Data for October 2010

 Food

 The food index rose 0.1 percent in October after a 0.3 percent
 increase in September. The index for food away from home rose 0.1
 percent while the food at home index was unchanged. Among the six
 major grocery store food groups that comprise the food at home index,
 the index for dairy and related products posted the largest increase,
 rising 1.1 percent. This was its fifth increase in the last six
 months and its largest since January. The index for meats, poultry,
 fish, and eggs also rose, increasing 0.6 percent as increases in the
 indexes for beef, poultry, and pork offset a decline in the eggs
 index. These increases offset declines in the remaining food at home
 groups. The fruits and vegetables group posted the largest decline,
 falling 0.7 percent, while the index for nonalcoholic beverages fell
 0.5 percent. The indexes for cereals and bakery products and for
 other food at home both fell 0.2 percent. Over the past year, the
 indexes for cereals and bakery products and for nonalcoholic
 beverages have declined, while the index for other food at home was
 unchanged and the indexes for the remaining three groups have risen.

 Energy

 The energy index rose 2.6 percent in October, its fourth consecutive
 monthly increase. The gasoline index rose 4.6 percent in October
 after rising 1.6 percent in September. (Before seasonal adjustment,
 gasoline prices rose 3.3 percent in October.) The household energy
 index, which declined in September,  rose in October, increasing 0.4
 percent. The natural gas index fell 0.4 percent, but this decline was
 more than offset by a 0.4 percent increase in the electricity index
 and a 4.7 percent rise in the index for fuel oil. The indexes of all
 the major energy components have risen over the last 12 months.

 All items less food and energy

 The index for all items less food and energy was unchanged in October
 for the third month in a row.  After being unchanged the previous two
 months, the shelter index rose 0.1 percent in October.  The indexes
 for rent and owners' equivalent rent both increased 0.1 percent while
 the index for lodging away from home declined 1.0 percent. The
 medical care index, which rose 0.6 percent in September, rose 0.1
 percent in October, with the medical care commodities index rising
 0.1 percent and the index for medical care services increasing 0.2
 percent. Within the medical care services component, the index for
 physicians' services fell 0.1 percent but the hospital services index
 increased 0.7 percent. Offsetting these increases were declines in
 several indexes. The index for used cars and trucks fell 0.9 percent
 in October, its second straight decline after a long series of
 increases. The index for new vehicles fell as well, declining 0.2
 percent. The apparel index fell 0.3 percent in October, its third
 straight decline. The recreation index fell for the fourth month in a
 row, decreasing 0.1 percent, and the index for tobacco fell for the
 first time since February, declining 0.3 percent.

 The index for all items less food and energy increased 0.6 percent
 over the last 12 months. Several transportation indexes have
 increased; the index for used cars and trucks has risen 8.6 percent,
 while the new vehicles index has edged up 0.4 percent and the index
 for airline fares has risen 4.4 percent. The medical care index has
 also increased, rising 3.4 percent. Indexes that have declined over
 the past year include shelter, which has fallen 0.3 percent,
 household furnishings and operations (down 2.5 percent), apparel
 (down 1.2 percent), and recreation (down 1.0 percent).

 Not seasonally adjusted CPI measures

 The Consumer Price Index for All Urban Consumers (CPI-U) increased
 1.2 percent over the last 12 months to an index level of 218.711
 (1982-84=100). For the month, the index rose 0.1 percent prior to
 seasonal adjustment.

 The Consumer Price Index for Urban Wage Earners and Clerical Workers
 (CPI-W) increased 1.5 percent over the last 12 months to an index
 level of 214.623 (1982-84=100). For the month, the index rose 0.1
 percent prior to seasonal adjustment.

 The Chained Consumer Price Index for All Urban Consumers (C-CPI-U)
 increased 1.0 percent over the last 12 months. For the month, the
 index rose 0.2 percent on a not seasonally adjusted basis. Please
 note that the indexes for the post-2008 period are subject to
 revision.

 The Consumer Price Index for November 2010 is scheduled to be
 released on Wednesday, December 15, 2010, at 8:30 a.m. (EST).

http://www.bls.gov/news.release/cpi.nr0.htm 

 

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The Massive Contraction of The M3 Money Supply To Stop Hyperinflation Will Result In No Net Job Creation For Two Years–The Obama Depression–Longer, Deeper, and Dangerous–Failing Fasicsm and Wage and Price Controls!

Posted on May 28, 2010. Filed under: Blogroll, Books, Communications, Economics, Federal Government, government spending, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Psychology, Quotations, Raves, Video | Tags: , , , , , , , , , , |

 

http://nowandfutures.com/key_stats.html

http://www.shadowstats.com/alternate_data/money-supply-charts

 

http://www.shadowstats.com/

Meltup The new Inflation

]Gerald Celente calls for the crash of 2010

 

GLOBAL BREAKDOWN: 1/3 Gerald Celente’s latest trends

 

GLOBAL BREAKDOWN:2/3 Gerald Celente’s latest trends

 

 

GLOBAL BREAKDOWN: 3/3 Gerald Celente’s latest trends

US – Next Greece or Japan?

 

Euro bailout “welfare for the rich” – Jim Rogers

 

Marc Faber: Future Negative US Interest Rates- Part 1 of 2 (2.23.10)

 

Marc Faber: Future Negative US Interest Rates- Part 2 of 2 (2.23.10)

With over 30 million American seeking full time employment and 40 million Americans on food stamps and rising consumer prices,  the United States economy is entering an inflationary depression.

40 MILLION PEOPLE ON FOOD STAMPS 4-15-2010

 

The failed Keynes economic policies of the Obama administration are only making mattters worse.

By the end of the year expect the official unemployment rate to hit 11% as the Census employees become unemployed again and  consumer prices for food and energy continu to rise.

The political issues in the next two elections will be jobs, government spending, taxes, debt, public safety and security.

The American people will throw out of office any politician who does not insist on immigration law enfocement and the removal from the workplace and deportation to their country of origin of all illegal aliens.

The progressive radcical socialist of the Democratic Party led by Barack Obama will be massively defeatedat the polls.

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus
 

Obama’s So-Called Stimulus: Good For Government, Bad For the Economy

Free Markets and Small Government Produce Prosperity

Background Articles and Videos

US money supply plunges at 1930s pace as Obama eyes fresh stimulus

“…The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.

http://www.telegraph.co.uk/finance/economics/2795017/Sharp-US-money-supply-contraction-points-to-Wall-Street-crunch-ahead.html

Sharp US money supply contraction points to Wall Street crunch ahead

By Ambrose Evans-Pritchard

“…The US money supply has experienced the sharpest contraction in modern history, heightening the risk of a Wall Street crunch and a severe economic slowdown in coming months.

Data compiled by Lombard Street Research shows that the M3 ”broad money” aggregates fell by almost $50bn (£26.8bn) in July, the biggest one-month fall since modern records began in 1959. …”

http://www.telegraph.co.uk/finance/economics/2795017/Sharp-US-money-supply-contraction-points-to-Wall-Street-crunch-ahead.html

US money supply contraction only comparable to Great Depression

“…The M3 money supply in the US is contracting at a rate that is only comparable with the period 1929-1933. This is the hidden killer that the global economy now faces.

M3 began shrinking last summer and the pace has accelerated since then, reported The Daily Telegraph yesterday. In the three months to the end of April M3 contracted by 9.6 per cent to $13.9 trillion, and institutional money market funds fell at a 37 per cent rate, the biggest ever fall. …”

http://www.arabianmoney.net/global-economics/2010/05/28/us-money-supply-contraction-only-comparable-to-great-depression/

Ron Paul at SRLC 10! (Part 1/3)

 

Ron Paul at SRLC 10! (Part 2/3)


 

Ron Paul at SRLC 10! (Part3/3)

the story of paper money 1 of 3

 

the story of paper money 2 of 3

 

the story of paper money 3 of 3

 

Consumer Price Index -April 2010

On a seasonally adjusted basis, the Consumer Price Index for All
Urban Consumers (CPI-U) declined 0.1 percent in April, the U.S.
Bureau of Labor Statistics reported today. Over the last 12 months,
the index increased 2.2 percent before seasonal adjustment.

The index for energy decreased 1.4 percent in April and accounted for
the seasonally adjusted decline in the all items index. The indexes
for gasoline and natural gas both decreased significantly,
outweighing increases in the indexes for fuel oil and electricity.

The food index increased 0.2 percent in April, while the index for
all items less food and energy was unchanged. The index for meats,
poultry, fish, and eggs rose sharply in April and accounted for the
food increase; other grocery store food groups were mixed and the
index for food away from home rose slightly. Within all items less
food and energy, the indexes for recreation, airline fares, and
medical care all rose in April. Offsetting these increases were
declines in the indexes for apparel and for household furnishings and
operations. The continuing stability of the index for all items less
food and energy has resulted in an increase over the last 12 months
of 0.9 percent, the smallest 12-month increase since January 1966.

Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city
average
                                                                              
                                                                              
                                  Seasonally adjusted changes from            
                                          preceding month                     
                                                                          Un- 
                                                                       adjusted
                                                                        12-mos.
                              Oct.  Nov.  Dec.  Jan.  Feb.  Mar.  Apr.   ended
                              2009  2009  2009  2010  2010  2010  2010   Apr. 
                                                                         2010 
                                                                                                                                                             
All items………………    .2    .2    .2    .2    .0    .1   -.1      2.2
  Food………………….    .0    .1    .1    .2    .1    .2    .2       .5
   Food at home………….    .0    .0    .2    .4    .1    .5    .2       .0
   Food away from home (1)..    .1    .2    .1    .1    .1    .0    .1      1.1
  Energy………………..    .6   2.2    .8   2.8   -.5    .0  -1.4     18.5
   Energy commodities…….    .4   3.0   1.6   4.9  -1.3  -1.0  -2.1     37.0
    Gasoline (all types)….    .3   2.7   2.3   4.4  -1.4   -.8  -2.4     38.3
    Fuel oil (1)…………   2.2   7.4    .0   6.1  -2.4    .7   2.3     28.0
   Energy services……….    .8   1.1   -.3    .0    .5   1.4   -.5      -.2
    Electricity………….    .8   1.2   -.2  -1.1   -.5   2.1    .7       .6
    Utility (piped) gas                                                       
       service…………..    .7    .9   -.7   3.5   3.9   -.7  -4.4     -2.9
  All items less food and                                                     
     energy……………..    .2    .0    .1   -.1    .1    .0    .0       .9
   Commodities less food and                                                  
      energy commodities….    .4    .2    .1    .1   -.1   -.1   -.3      1.2
    New vehicles…………   1.4    .5   -.2   -.5    .1    .1    .0      2.5
    Used cars and trucks….   3.1   1.9   2.2   1.5    .7    .5    .2     16.6
    Apparel……………..   -.3   -.3    .4   -.1   -.7   -.4   -.7      -.9
    Medical care commodities                                                  
       (1)………………    .2    .1   -.1    .7    .8    .4    .2      3.5
   Services less energy                                                       
      services…………..    .1    .0    .1   -.2    .1    .1    .2       .8
    Shelter……………..    .0   -.2    .0   -.5    .0   -.1    .0      -.7
    Transportation services     .5    .5    .3   -.3    .4    .4    .4      3.9
    Medical care services…    .2    .3    .2    .5    .4    .3    .3      3.7

   1 Not seasonally adjusted.

http://www.bls.gov/news.release/cpi.nr0.htm

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Beck Confronts President Obama and Valerie Jarrett On Green Jobs Czar Van Jones Communist Organizer and “Truther”!

Posted on September 3, 2009. Filed under: Blogroll, Communications, Culture, Economics, Education, Employment, Law, liberty, Life, Links, media, People, Philosophy, Politics, Psychology, Rants, Raves, Uncategorized, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

 
Van_jones_dream_rebornvallerie_jarrett_barrack_obama_david_axelrod

 

Glenn Beck exposes Color of Change co-founder Van Jones

 

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Fox SR Panel Van Jones Gone by Monday

 

Glenn Beck surprised me tonight.

He ripped the mask off President Obama and connected him directly to Van Jones though Valerie Jarrett.

Beck revealed that President Obama and his chief advisor and close friend Valerie Jarrett knew about the highly questionable background and past of Green Jobs Czar or Commissar Van Jones, an admitted Communist and community trouble maker.

Van Jones must now submit his resignation.

Otherwise, President Obama must throw him under the bus and run him over.

The FBI must explain how Van Jones got through the vetting process or more likely were over-ruled by President Obama.

The CIA good ol’ boy network must be chuckling.

If this is how the FBI does background checks of high ranking Obama administration political appointments, one must wonder how they will interrogate terrorists and bombers?

Serious consideration must also be given to cancelling the President’s plan to talk to students in Government schools next week.

Many parents are refusing to send their children to government schools next Tuesday.

They do not want their children to be indoctrinated by Big Brother Barack’s many lies about taxes, cap and trade energy tax, and so-called health insurance reform.

These parents have vivid memories of their children coming home from govenment schools after seeing Al Gore’s hysterical alarmist movie, An Inconventient Truth, on global warming.

20/20 – Is there really a global warming consensus?

 

This movie was subsequently shown to be based on government funded junk science of computer climate model projections that have been proven to be wrong when compared to actual empirical observations. 

 

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Professor Fred Singer on Climate Change Pt 1

 

Professor Fred Singer on Climate Change Pt 2

 

No more snow jobs or green jobs from the progressive radical socialists lead by President Obama.

There are now between 15,000,000 to 25,000,000 million people looking for a full time job in the United States.

More Americans are now looking for a job than the 13,000,000 Americans that were looking for a job during 1933, the worse year of the Great Depression.

The current unemployment rates for August 2009 were 9.7% the official or U-3 rate  and 16.8% the real or U-6 rate.

For blacks and hispanics the official unemployment rate was 15.1% and and 13.0% respectively!

For recent veterans the rate exceeds 10%!

The unemployment rate will exceed 10% in October and is expected to exceed 13% in 2010 before starting to slowly decline in the latter part of 2010.

The economy is continuing to losE jobs and is expected to do so for at least another nine to twelve months.

The bailouts and stimulus packages together with the expectation of rising Federal taxes are  a failure in creating new jobs and reducing the unemployment rates.

The Bush recession of 2008 is turning into the Barack Depression of 2009 and beyond.

 

Market Update 09/04/2009: U.S. Unemployment Rises

 

In-Depth Look – US Jobless Rate – Bloomberg

 

Unemployment rate for Veterans over 10%

 

Unemployed Hits 26 Year High

 

Labor Force Statistics from the Current Population Survey

 http://data.bls.gov/cgi-bin/surveymost

Series Id:           LNS14000000
Seasonal Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent
Age:                 16 years and over
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 4.3 4.4 4.2 4.3 4.2 4.3 4.3 4.2 4.2 4.1 4.1 4.0  
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9  
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7  
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0  
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7  
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4  
2005 5.2 5.4 5.2 5.2 5.1 5.1 5.0 4.9 5.0 5.0 5.0 4.8  
2006 4.7 4.8 4.7 4.7 4.7 4.6 4.7 4.7 4.5 4.4 4.5 4.4  
2007 4.6 4.5 4.4 4.5 4.5 4.6 4.7 4.7 4.7 4.8 4.7 4.9  
2008 4.9 4.8 5.1 5.0 5.5 5.6 5.8 6.2 6.2 6.6 6.8 7.2  

2009

7.6

8.1

8.5

8.9

9.4

9.5

9.4

9.7

         

 

Series Id:           LNS13327709
Seasonal Adjusted
Series title:        (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status:  Aggregated totals unemployed
Type of data:        Percent
Age:                 16 years and over
Percent/rates:       Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 7.7 7.7 7.6 7.6 7.4 7.5 7.5 7.3 7.4 7.2 7.1 7.1  
2000 7.1 7.2 7.1 6.9 7.1 7.0 7.0 7.1 7.0 6.8 7.1 6.9  
2001 7.3 7.4 7.3 7.4 7.5 7.9 7.8 8.1 8.7 9.3 9.4 9.6  
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8  
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8  
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2  
2005 9.3 9.3 9.2 9.0 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.5  
2006 8.4 8.5 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.0 7.9  
2007 8.3 8.1 8.0 8.2 8.3 8.3 8.3 8.5 8.4 8.5 8.4 8.7  
2008 9.0 9.0 9.1 9.2 9.8 10.1 10.4 10.9 11.2 12.0 12.6 13.5  

2009

13.9

14.8

15.6

15.8

16.4

16.5

16.3

16.8

 

 

 

Series Id:           LNS14000006
Seasonal Adjusted
Series title:        (Seas) Unemployment Rate - Black or African American
Labor force status:  Unemployment rate
Type of data:        Percent
Age:                 16 years and over
Race:                Black or African American
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 7.8 8.2 8.0 7.8 7.4 7.7 8.7 7.7 8.5 8.4 8.0 7.8  
2000 8.2 8.1 7.4 7.0 7.7 7.8 7.7 7.9 7.3 7.3 7.3 7.4  
2001 8.2 7.7 8.3 8.0 7.9 8.3 8.0 9.1 8.9 9.5 9.8 10.1  
2002 10.0 9.9 10.5 10.7 10.2 10.5 9.8 9.8 9.7 9.8 10.7 11.3  
2003 10.5 10.7 10.3 10.9 10.9 11.5 10.9 10.9 11.1 11.4 10.2 10.1  
2004 10.4 9.7 10.3 9.8 10.1 10.2 11.0 10.5 10.3 10.8 10.7 10.7  
2005 10.6 10.9 10.4 10.3 10.1 10.2 9.2 9.7 9.4 9.1 10.6 9.2  
2006 8.9 9.5 9.4 9.4 8.8 8.8 9.5 8.8 9.0 8.4 8.5 8.2  
2007 8.0 8.1 8.3 8.4 8.4 8.5 8.0 7.7 8.1 8.5 8.4 8.9  
2008 9.2 8.4 9.0 8.8 9.7 9.4 9.9 10.7 11.4 11.3 11.3 11.9  
2009

12.6

13.4

13.3

15.0

14.9

14.7

14.5

15.1

 

  

Series Id:           LNS14000009
Seasonal Adjusted
Series title:        (Seas) Unemployment Rate - Hispanic or Latino
Labor force status:  Unemployment rate
Type of data:        Percent
Age:                 16 years and over
Ethnic origin:       Hispanic or Latino
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 6.7 6.7 5.8 7.0 6.7 6.6 6.5 6.5 6.7 6.4 6.0 5.8  
2000 5.6 5.7 6.1 5.5 5.8 5.6 5.8 5.9 5.8 5.1 6.0 5.7  
2001 5.8 6.1 6.2 6.4 6.3 6.6 6.2 6.5 6.7 7.1 7.3 7.7  
2002 7.8 7.0 7.5 8.0 7.1 7.4 7.4 7.5 7.4 7.9 7.8 7.9  
2003 7.9 7.6 7.8 7.6 8.1 8.4 8.1 7.7 7.3 7.4 7.5 6.6  
2004 7.4 7.4 7.5 7.1 7.0 6.6 6.9 6.8 6.9 6.7 6.7 6.5  
2005 6.2 6.4 5.8 6.4 6.0 5.7 5.5 5.8 6.4 5.8 6.1 6.0  
2006 5.7 5.5 5.3 5.3 5.0 5.2 5.2 5.3 5.4 4.6 5.0 4.9  
2007 5.7 5.3 5.2 5.5 5.9 5.6 5.9 5.5 5.8 5.6 5.7 6.2  
2008 6.4 6.3 7.0 7.0 7.0 7.7 7.5 8.1 7.9 8.8 8.6 9.2  

2009

9.7

10.9

11.4

11.3

12.7

12.2

12.3

13.0

   

 

 

Stop all the shucking and jiving about Green Jobs, Mr. President.

Americans want real jobs with good pay and benefits including an affordable health care insurance plan.

Stop conditioning and indoctrinating our children on the need for public service, more taxes and big government.

Americans want President Obama to take his progressive radical socialist propaganda and peddle it to his own kool aid drinking kids that go to private schools and not in government schools that are already failing in educating their children.

Suggest Big Brother Barack send Van Jones, the soon to be ex-Green Jobs Czar, back to the Berkeley and Oakland schools to peddle his lies about the climate change crisis or myth and the hidden cap and trade energy tax!

Van  Jones is right about ethanol, but wrong about man-made climate change, DDT, and alternative energy from wind and solar power being the answer.

For every Green job created more jobs are lost elsewhere as companies flee the United States to countries with cheap labor and cheap energy.

MAJOR REDUCTIONS IN CARBON EMISSIONS ARE NOT WORTH THE MONEY DEBATE: PETER HUBER

 

Spain’s Green Jobs: How successful have they been?

 

Robert Murphy: Busting the Myth of Green Jobs

The blogs and talk radio  shows are all a buzz.

Good Show Glenn!

Three cheers.

Keep it coming.

How sweet it is.

 

Background Articles and Videos

Obama Advisor Van Jones: Republicans are “Assholes”

 

 Economist John Williams on Real Unemployment Rate–January 2009

Incredible – but true. Green Czar Van Jones signed a petition in 2005 demanding another investigation into 9/11 by the New York Attorney General, concentrating on the lunatic notion that President Bush, at the very least, knew about the attacks of September 11 in advance and did nothing to stop them so he could take the country to war.

Update from Thomas Lifson:

Jones has denied (hat tip: Grant) that he believes or ever believed the statement he signed:
“In recent days some in the news media have reported on past statements I made before I joined the administration – some of which were made years ago.  If I have offended anyone with statements I made in the past, I apologize. As for the petition that was circulated today, I do not agree with this statement and it certainly does not reflect my views now or ever.
“My work at the Council on Environmental Quality is entirely focused on one goal: building clean energy incentives which create 21st century jobs that improve energy efficiency and use renewable resources.”
The “former” communist, black racist, hip-hop nincompoop, who is now so “mainstream” that even some Republicans thinks he’s the cat’s meow, says he didn’t know what he was signing, didn’t read it carefully, and wouldn’t sign it today.

Well of course he wouldn’t sign it today – Obama wouldn’t have given him a job if he’d known about it, right? …”

 
 

Krauthammer: Van Jones Truther allegations “devastating”

By Ed Morrissey 

“…What did the White House know about Van Jones’ Trutherism and when did they know it? Charles Krauthammer asks this question and calls the revelation about the Green Jobs Czar “devastating,” much more so than an epithet directed at Republicans that most of us have used at a wide range of people. Does Barack Obama believe that it’s acceptable to have paranoid conspiracists in high-level appointments, or was the White House simply too incompetent to properly research Jones in the vetting process? Because it comes down to those two options, and regardless of what we think of Jones, the blame for him being in the White House falls squarely on Obama (via RedState) …”

http://hotair.com/archives/2009/09/04/krauthammer-truther-allegations-devastating

For Van Jones, A Week Already Feels Like A Year

by Charles Cooper

“…The Washington Independent has turned up a six-year-old petition Jones signed alleging government complicity in the September 11 terror attacks. This comes just one day after The Hill reported the existence of a video clip recorded in February in which Jones referred to Republicans – and himself – as “a**holes.”

Jones joined the Obama administration in May. He was the founder of a green jobs advocacy organization based in Oakland, Ca.

The online petition, issued in October 2004, demanded an “immediate inquiry into evidence that suggests high-level government officials may have deliberately allowed the September 11th attacks to occur.” The signatories called for an investigation into “incriminating evidence” they said either was ignored or not sufficiently considered by the Kean Commission, which was set up to look into the circumstances surrounding the attacks.

In the video which made the rounds yesterday, Jones is seen responding to a question why Congressional Democrats were not as successful as Republicans in pushing through their legislative agenda. (See below.) …”

http://www.cbsnews.com/blogs/2009/09/03/blogs/coopscorner/entry5286699.shtml

 

Van Jones, Valerie Jarrett, Barack Obama & do-it-yourself vetting

By Michelle Malkin  

“…Indefatigable blogger Jim Hoft at Gateway Pundit dug up the 9/11 Truther record of Green Jobs czar Van Jones — and his research spread across talk radio, the Internet, and to the Glenn Beck show tonight. (Update: Hoft reports that Jones’s Truther proclivities were showing back in 2002).

A slew of bloggers, independent citizen journalists, and conservative activists have done the heavy lifting in exposing Jones’s inflammatory statements and radical ties over the last year — work that only conservative talk radio and Fox News have covered with due diligence. NakedEmperorNews/The BCast earlier today unearthed video of Jones ranting about Marxist “revolution” away from “gray capitalism”– also disseminated across Twitter, talk radio, and Fox News. The open-source “Army of Davids,” as blog pioneer Glenn Reynolds so aptly described it, is doing the job Obama didn’t want Congress to do.

Tonight, the White House is in full denial mode. ABC News reports:

A top environmental official of the Obama administration issued a statement Thursday apologizing for past incendiary statement and denying that he ever agreed with a 2004 petition on which his name appears, a petition calling for congressional hearings and an investigation by the New York Attorney General into “evidence that suggests high-level government officials may have deliberately allowed the September 11th attacks to occur.”

Van Jones, the Special Advisor for Green Jobs at the White House Council on Environmental Quality, is Number 46 of the petitioners from the so-called “Truther” movement which suggests that people in the administration of President George W. Bush “may indeed have deliberately allowed 9/11 to happen, perhaps as a pretext for war.”

In a statement issued Thursday evening Jones said of “the petition that was circulated today, I do not agree with this statement and it certainly does not reflect my views now or ever.”

He did not explain how his name came to be on the petition.

Maybe a unicorn, Van’s favorite mythical creature, put it there? …”

http://michellemalkin.com/2009/09/03/van-jones-valerie-jarrett-barack-obama-do-it-yourself-vetting/

 

Van Jones: Truther nut

Rick Moran

 
“…It seems incredible that Barack Obama would appoint someone to manage $30 billion in government money who actually believes the government of George Bush stood by and allowed 9/11 to happen as a “pretext for war.” 

Valerie Jarrett

“…Valerie Bowman Jarrett (born November 14, 1956) is a Chicago lawyer, businesswoman, and civic leader. She is best known for her role as an advisor to President Barack Obama. Jarrett is a Senior Advisor and Assistant to the President for Public Engagement and Intergovernmental Affairs for the Obama administration. Prior to that she served as a co-chairperson of the Obama-Biden Transition Project. …”

“…
Advisor to Barack Obama

Jarrett is one of Senator Obama’s longest serving advisors and confidantes and was “widely tipped for a high-profile position in an Obama administration.”[11][12]

“ Unlike Bert Lance, who arrived from Georgia with President [Jimmy] Carter and became his budget director, or Karen Hughes, who was President [George W.] Bush’s communications manager, Ms. Jarrett isn’t a confidante with a particular portfolio. What she does share with these counterparts is a fierce sense of loyalty and a refusal to publicly say anything that may reflect poorly on the candidate — or steal his thunder.[11] ”

On November 14, 2008, President-elect Barack Obama selected Jarrett to serve as White House Senior Advisor and for Public Engagement and Intergovernmental Affairs.[13]

Jarrett is one of three Senior Advisors to President Obama.[14] She is Assistant to the President for Intergovernmental Affairs and Public Engagement,[14] managing the White House Office of Public Engagement (formerly the Office of Public Liaison), Office of Intergovernmental Affairs, and Chairs the White House Commission on Women and Girls. [15]
…”

http://en.wikipedia.org/wiki/Valerie_Jarrett

 

Busted. Van Jones Linked to 9-11 Truther Movement Back in **January 2002**

“…Yesterday, news broke out that Barack Obama’s communist Green Czar was a 9-11 Truther. The administration much later in the day released a statement saying Van Jones was “not now or ever” involved in the 9-11 Truther movement.

Jones said the petition he signed in 2004 did not reflect his views and that he did not carefully review the language in the petition before agreeing to add his name.

Not true.
This article at Rense.com from 2002 links Van Jones to the 9-11 Truther movement at its infancy: …”

 

THE NEWSHOUR WITH JIM LEHRER | Valerie Jarrett | PBS

 

How we fight: Obama’s brain – Valerie Jarrett interview

 

Valerie Jarrett’s Thoughts on Barack Obama

 

Valerie Jarrett Obama’s secret campaign weapon

 

Obama’s “Other Half”

 

Convicted Murderer Mumia Abu-Jamal–From Death Row

mumia_murderer

“…Mumia Abu-Jamal (born Wesley Cook on April 24, 1954) is an African-American who was convicted and sentenced to death for the December 9, 1981 murder of Philadelphia police officer Daniel Faulkner.[1] He has been described as “perhaps the best known Death-Row prisoner in the world”, and his sentence is one of the most debated today.[2]

Before his arrest he was a member of the black nationalist Black Panther Party, an activist, part-time cab driver, journalist, radio personality, news commentator and broadcaster.

Since his conviction, his case has received international attention and he has become a controversial cultural icon. Supporters and opponents disagree on the appropriateness of the death penalty, whether he is guilty, or whether he received a fair trial.[3][4][5] During his imprisonment he has published several books and other commentaries, notably Live from Death Row.

Since 1995, Abu-Jamal has been incarcerated at Pennsylvania’s SCI Greene[6] near Waynesburg, where most of the state’s capital case inmates are held. In 2008, a three-judge panel of the U.S. 3rd Circuit Court of Appeals upheld the murder conviction, but ordered a new capital sentencing hearing over concerns that the jury was improperly instructed.[7] In April 2009, the United States Supreme Court refused to hear an appeal for a new trial, allowing his July 1982 conviction to stand.[7] A separate appeal by prosecutors to reinstate the death penalty has not yet been heard.[8] …”

http://en.wikipedia.org/wiki/Mumia_Abu-Jamal

Is Obama’s Victory Ours? – Mumia Abu-Jamal

 

Mumia Abu-Jamal interview on prisons

 

Mumia Abu-Jamal — Viva Fidel, Long Live Fidel

 

Mumia Abu Jamal on the Wall Street Crash

 

Mumia on U.S. political parties

 

MUMIA ABU-JAMAL ON BAILOUT SCARE TACTICS

 

Mumia Abu-Jamal on Pres. Barack Obama

 

Daniel_Faulkner

“…Daniel J. Faulkner (December 21, 1955 – December 9, 1981) was a police officer in the American city of Philadelphia who was shot and killed in the line of duty by Mumia Abu-Jamal, who has been convicted of first-degree murder for the slaying and sentenced to death. The slaying was the culmination of a traffic stop in downtown Philadelphia, not initially involving Abu-Jamal, which escalated into an exchange of gunfire in which Abu-Jamal was himself shot and wounded by officer Faulkner. Since 2000, the City of Philadelphia has memorialized Faulkner with a street designation and a commemorative plaque. …”

“…Faulkner’s parents were an Irish Catholic couple in Southwest Philadelphia, who produced six children before the birth of Faulkner, their last. Faulkner’s trolley car driver father survived the birth of his youngest child by only five years; after his death following a heart attack, Faulkner’s working mother was left to raise him, with the assistance of the couple’s older children. Faulkner dropped out of high school, but earned his diploma and an associate’s degree in criminal justice while serving in the United States Army.[2] In 1975, he left the Army, worked briefly as a corrections officer, and then joined the Philadelphia Police Department. Aspiring to be a city prosecutor, Faulkner enrolled in college to earn his bachelor’s degree in criminal justice.[2] He married in 1979. On the evening of December 9, 1981, he was murdered while making an arrest. …”

“…The chain of events started with Faulkner stopping a moving vehicle near the southeast corner of the intersection of South 13th Street and Locust Street in downtown Philadelphia. The United States Court of Appeals, in ruling against Abu-Jamal in 2008, described the killing of Officer Faulkner thus:

On December 9, 1981, between three thirty and four o’clock in the morning, Philadelphia Police Officer Daniel Faulkner made a traffic stop of a Volkswagen driven by William Cook, Abu-Jamal’s brother, on Locust Street between 12th and 13th Streets, in Philadelphia. Officer Faulkner radioed for backup assistance, and both men exited their vehicles. A struggle ensued, and Officer Faulkner tried to secure Cook’s hands behind his back. At that moment, Abu-Jamal, who was in a parking lot on the opposite side of the street, ran toward Officer Faulkner and Cook. As he approached, Abu-Jamal shot Officer Faulkner in the back. As Officer Faulkner fell to the ground, he was able to turn around, reach for his own firearm, and fire at Abu-Jamal, striking him in the chest. Abu-Jamal, now standing over Officer Faulkner, fired four shots at close range. One shot struck Officer Faulkner between the eyes and entered his brain.[3]

The sequence of events described by the court is disputed by supporters of Abu-Jamal.

Abu-Jamal collapsed nearby and was taken into custody by responding police officers. Daniel Faulkner was pronounced dead the same night. Abu-Jamal was charged with murder in the first degree and convicted of that charge in 1982. …”

“…

His widow, Maureen Faulkner, moved to California. In 1994, upon discovering that National Public Radio planned to broadcast a series of commentaries taped by Abu-Jamal from death row, she began a campaign of her own to counter the “Free Mumia” movement. Since then, she has made numerous public appearances in support of upholding Abu-Jamal’s conviction and death sentence.[4] In 1999, she visited The Evergreen State College in Olympia, Washington during its commencement ceremony to protest the selection of Abu-Jamal as one of five commencement speakers. Since as a death row inmate he was unable to attend, the graduates listened to a 13 minute audio recording of his address. On December 9, 2001, she returned to Philadelphia to attend a ceremony honoring Daniel Faulkner on the 20th anniversary of his murder. Five years later, on December 8, 2006, she returned there once again, where she made public comments in which she characterized Abu-Jamal’s supporters as “know-nothings” and praised District Attorney Lynne M. Abraham for steadfastly defending against Abu-Jamal’s many appeals.

In 2000, ten mile long Roosevelt Boulevard was designated the Police Officer Daniel Faulkner Memorial Highway pursuant to an act of the state legislature. (The roadway’s official name is still Roosevelt Boulevard.)[5][6] In 2001, a plaque was set in the sidewalk at 1234 Locust Street to mark the spot of his death.[7][8]

In 2007, Maureen coauthored a book with Philadelphia radio journalist Michael Smerconish entitled Murdered by Mumia: A Life Sentence of Pain, Loss, and Injustice.[9] She describes the work as “the first book to definitively lay out the case against Mumia Abu-Jamal and those who’ve elevated him to the status of political prisoner.”

On April 6, 2009, the United States Supreme Court ruled that Mumia’s original conviction of 28 years ago would stand.”

http://en.wikipedia.org/wiki/Daniel_Faulkner

NBC’s Today Show broadcasts new Mumia crime scene photos

 

 

“…Police Officer Daniel J. Faulkner
Philadelphia Police Department
Pennsylvania

End of Watch: Wednesday, December 9, 1981

Biographical Info
Age: 25
Tour of Duty: 5 years
Badge Number: 4699

Incident Details
Cause of Death: Gunfire
Date of Incident: Wednesday, December 9, 1981
Weapon Used: Handgun; .38 caliber
Suspect Info: Convicted of murder

Officer Faulkner was shot and killed while making a traffic stop.

Officer Faulkner stopped the driver of a light blue Volkswagen at the corner of Thirteenth Street and Locust Street for driving the wrong way down a one-way street. Officer Faulkner had the driver exit the vehicle.

As Officer Faulkner was speaking with the driver, the driver struck Officer Faulkner in the face. Officer Faulkner struck the driver back and attempted to take him into custody. As Officer Faulkner was attempting to subdue the driver, the driver’s brother came running from a parking lot across the street from the spot where Officer Faulkner had the driver of the Volkswagen. While Officer Faulkner’s back was turned, the brother of the driver opened fire, striking Officer Faulkner in the back four times. Officer Faulkner fell to the ground, but was able to return fire, striking the suspect. The wounded suspect was able to fire again as he stood over the fallen officer, striking him in the face.

The suspect attempted to flee but fell to the ground several feet from where he had just shot Officer Faulkner. When back-up officers arrived they found Officer Faulkner mortally wounded and the suspect, murder weapon in hand, laying several feet away.

The suspect, who was a member of the racist group Black Panthers, was charged with murder. He was convicted of murder and sentenced to death in two separate trials. In December 2001 a federal judge overturned the death sentence and ordered a new sentencing hearing.

Officer Faulkner had served with the agency for 5 years. He is survived by his wife.

The Black Panthers is a racist, radical group that professed the murders of law enforcement officers. Members and former members of the group were responsible for the murders of at least 15 law enforcement officers and the wounding of dozens more across the nation. …”  

http://www.odmp.org/officer/4764-police-officer-daniel-j.-faulkner

 

  

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President Obama Is Very Wrong on Ethanol–Yes He Can Raise Your Food and Gas Prices–Videos

Posted on February 15, 2009. Filed under: Blogroll, Climate, Economics, Employment, Energy, Law, Links, Politics, Quotations, Raves, Regulations, Resources, Technology, Video | Tags: , , , , , , , , , , , , , , |

ethanol_fuel_pump 

President Obama is very wrong on ethanol.

He favors using the taxes paid by millions of Americans to subsidize ethanol production to be used as a biofuel in our cars and trucks.

Why is President Obama wrong on ethanol?

Who do you think were very big contributors to his political campaign?

Ethanol producers and farmers were two groups that contributed significant amounts of money to his campaign.

Archer Daniels Midland Company Profile

This is called pay to play.

The American farmers and ethanol producers pay campaign contributions to professional politicians of both political parties to  play or support tax credits and subsidies for ethanol.

The big winners are the farmers and ethanol producers.

Ethanol Boom Affecting Farms, Gas Pump

 

The big losers are the American people who pay not only taxes but higher prices for corn, milk, wheat and other farm products at the grocery store.

The American people and those abroad who depend upon the United States for their wheat and corn are facing significantly rising food prices.

For example several years ago you could buy on sale 4 cans of corn for $1.

Then a few years back you could buy 3 cans of corn for $1.

Today the price of 1 can of corn is between 69 cents and $1.

Why? Ethanol.

I for one would like to eat my corn and buy unleaded gasoline without ethanol.

This is not change that the American people hoped for.

Repeating the mistakes of former President Bush on ethanol is not change.

Global Pulse: Biofuel – Another Flawed Policy?

Ethanol also reduces gas mileage and increases smog.

Furthermore, ethanol may damage older cars and trucks and smaller engines as the percentage of ethanol added to the gasoline increases above 10% requiring costly repairs.

This is change the American people especially those unemployed or under-employed cannot afford–higher food prices, higher gas prices, lower gas mileage, more smog, and expensive car repairs.

Thanks a lot Mr. President.

Hope you enjoyed your Valentine’s dinner in Chicago.

Could President Obama be just as wrong about the stimulus package?

Yes he can!

Talking the talk, but not walking the walk.

 

Obama and Ethanol

 

Biofuels & Ethanol: The Real Story 

 

Glenn Beck: Food vs Fuel

 

Biofuels scandal + food prices. Biofuel crisis, biofuel oil, biofuel production, cars, algae, systems and basics introduction to facts about biofuels. Conference keynote speaker Patrick Dixon

 
Food vs Fuel–No one wins

 

The True Cost of Corn Ethanol


 

Subsidies for Biofuels

 

1/24/09: President Obama’s Weekly Address

 

LOL: Something Scientific: Ethanol

 

How To Make Ethanol Work – Presented by The Auto Channel

 

Ethanol Boom Affecting Farms, Gas Pump

 

Pitfalls of Ethanol Fuel

 

Marlo Lewis on the problems with Ethanol

 

Myth: Corn Ethanol is Great

 

Background Articles and Videos

 

Ethanol

Ethanol, also called ethyl alcohol, pure alcohol, grain alcohol, or drinking alcohol, is a volatile, flammable, colorless liquid. It is a psychoactive drug, best known as the type of alcohol found in alcoholic beverages and in modern thermometers. Ethanol is one of the oldest recreational drugs known to man. In common usage, it is often referred to simply as alcohol or spirits.

Ethanol is a straight-chain alcohol, and its molecular formula is C2H5OH. Its empirical formula is C2H6O. An alternative notation is CH3-CH2-OH, which indicates that the carbon of a methyl group (CH3-) is attached to the carbon of a methylene group (-CH2-), which is attached to the oxygen of a hydroxyl group (-OH). It is a constitutional isomer of dimethyl ether. Ethanol is often abbreviated as EtOH, using the common organic chemistry notation of representing the ethyl group (C2H5) with Et.

The fermentation of sugar into ethanol is one of the earliest organic reactions employed by humanity. The intoxicating effects of ethanol consumption have been known since ancient times. In modern times, ethanol intended for industrial use is also produced from by-products of petroleum refining.[1]

Ethanol has widespread use as a solvent of substances intended for human contact or consumption, including scents, flavorings, colorings, and medicines. In chemistry, it is both an essential solvent and a feedstock for the synthesis of other products. It has a long history as a fuel for heat and light and also as a fuel for internal combustion engines. …”

http://en.wikipedia.org/wiki/Ethanol

 

Ethanol Issues

Transportation obstacles: like other alcohols (and unlike gasoline, natural gas and oil), ethanol absorbs water and chemicals. For that reason, ethanol cannot travel through the established pipelines and tanks that move petroleum products without picking up excess water. Furthermore, as gasoline travels through pipelines or tanks, it leaves some solids that ethanol will pick up and dissolve into itself if it flows through the same pipeline or tank. Ethanol also corrodes pipelines, making the fuel unusable. To remain uncontaminated, ethanol must be transported by land separately from gasoline and it must be blended with gasoline just before distribution. This lack of infrastructure for shipping and blending ethanol with gasoline adds cost to the end product and eats away at profits.
Logistics: most ethanol plants are situated in the Midwest corn belt (Illinois, Iowa, Nebraska, Minnesota and Indiana) due to the close proximity of the feedstock. The further a region is from the corn belt, the higher the shipping costs and the higher the price at the pumps. This is a major reason for the push to develop technology that can economically produce ethanol from cellulosic vegetation.
Tight market: increased demand for ethanol has created a tight ethanol market in some areas. Distribution may be temporarily limited by production capacity as well as the cost and difficulties involved in moving very large volumes of ethanol on demand.
E85 infrastructure: only a small portion of the 168,000 service stations in the U.S. pump E85. Even with E85 incentives in place, the scarcity of E85 fueling stations means that most flexible fuel vehicle (FFV) owners end up filling their tanks with gasoline instead of ethanol.
Lower fuel economy: while prices for E85 may currently be less per gallon than regular unleaded gasoline (due to current tax incentives), mileage also is lower. Typically vehicles consume 1.4 gallons of E85 for every gallon of regular gasoline they would otherwise use. Additionally, even with its tax incentives ethanol is often more expensive than gasoline.
Corrosion: because the alcohol in ethanol corrodes aluminum, FFV components are made of stainless steel and E85 pumps must be modified or manufactured with stainless steel to prevent corrosion. Repeated exposure to E85 also corrodes the metal and rubber parts in older engines (pre-1988) designed primarily for gasoline.

http://www.seco.cpa.state.tx.us/re_ethanol.htm 

 

Obama Camp Closely Linked With Ethanol  

“…Mr. Obama is running as a reformer who is seeking to reduce the influence of special interests. But like any other politician, he has powerful constituencies that help shape his views. And when it comes to domestic ethanol, almost all of which is made from corn, he also has advisers and prominent supporters with close ties to the industry at a time when energy policy is a point of sharp contrast between the parties and their presidential candidates.

In the heart of the Corn Belt that August day, Mr. Obama argued that embracing ethanol “ultimately helps our national security, because right now we’re sending billions of dollars to some of the most hostile nations on earth.” America’s oil dependence, he added, “makes it more difficult for us to shape a foreign policy that is intelligent and is creating security for the long term.”

Nowadays, when Mr. Obama travels in farm country, he is sometimes accompanied by his friend Tom Daschle, the former Senate majority leader from South Dakota. Mr. Daschle now serves on the boards of three ethanol companies and works at a Washington law firm where, according to his online job description, “he spends a substantial amount of time providing strategic and policy advice to clients in renewable energy.”

Mr. Obama’s lead advisor on energy and environmental issues, Jason Grumet, came to the campaign from the National Commission on Energy Policy, a bipartisan initiative associated with Mr. Daschle and Bob Dole, the Kansas Republican who is also a former Senate majority leader and a big ethanol backer who had close ties to the agribusiness giant Archer Daniels Midland. …”

http://www.nytimes.com/2008/06/23/us/politics/23ethanol.html 

 

Corn-fed Obama

By Michelle Malkin  

He’s in the tank for ethanol.

Same old, same old.

http://michellemalkin.com/2008/06/23/corn-fed-obama/

 

 Ethanol Blended Fuels

http://www.ethanolacrossamerica.net/EthanolCurriculum93003.pdf

Ethanol: A Tragedy in 3 Acts

Amid the current panic about gas prices many people are embracing ethanol. But that’s not such a good idea

Mechanics see ethanol damaging small engines

Fuel blend, already implicated in high food prices, linked to rise in repairs

“…Although the Web is rife with complaints from car owners who say ethanol damaged their engines, ethanol producers and automakers say it’s safe to use in cars. But smaller engines — the two-cycle utility engines in lawnmowers, chain saws and outboard boat motors — are another story.

Benjamin Mallisham, owner of a lawnmower repair shop in Tuscaloosa, Ala., said at least 40 percent of the lawnmower engines he repairs these days have been damaged by ethanol.

“When you put that ethanol in here, it eats up the insides or rusts them out,” Mallisham said. “All the rubber gaskets and parts — it eats those up.”

The sludge problem
Auto mechanics say the same thing takes place in car engines, where debris dislodged by ethanol in gas station fuel tanks can gum things up. But car engines are highly sophisticated; especially in later models, they’re equipped to comfortably handle the fallout of ethanol-blended gas, mechanics said.  …”

http://www.msnbc.msn.com/id/25936782/

 

The Manufacture and Distribution of Corn-Based Fuel Grade Ethanol

“…As of now (2007), there are ~ 110 operating corn-based ethanol plants in the US with 56 more under construction. IA has the most, at 26, with also the most currently under construction, at 13. The greatest concentration is in the midwest (the cornbelt), but ethanol plants can also be found in a few other areas with more new construction in the works. Most midwestern ethanol plants receive their corn locally, via truck, but those farther away also receive shipments via railroad covered hopper cars (each with a capacity of 3,800 bushels).

On arrival, the corn is ground to a powder, then mixed with water and enzymes. The enzymes will break the corn’s starch into even-chain sugars, such as glucose and dextrose. The sugars are then mixed with yeast, which breaks them down into CO2 and ethyl alcohol (ethanol). Some plants release the CO2 into the atmosphere while others capture it and ship it out by railroad tank car. The ethanol at this point is only about 13% of the resulting mix and must be distilled, which separates the alcohol from everything else. The remainder is 95% alcohol which is then vaporized and run through a dryer to yield 200 proof fuel-grade ethanol.

Ethanol plants aren’t licensed to ship out beverage-grade alcohol so the product must be denatured. A common denaturant is natural gasoline, a byproduct of the natural gas refining process. This is delivered to the ethanol plant using railroad tank cars. The final product is 95 to 98% pure ethanol and ready to be legally shipped to a distribution point.

An additional byproduct of the process ought to be mentioned for the sake of completeness. After the enzymes extract starch from the corn, there are wet, ground up bits rich in proteins, left over; they’re called distillers grains and some of it will be sold directly to local farmers for feed. The bulk of it is dried, shipped out by railcar, and sold in distant feed markets. …”

http://www.imazda.com/forums/showthread.php?t=12910 

 

Biofuels: From hope to husk

By Kevin Allison and Stephanie Kirchgaessner

“…It was an American dream that has failed to become a reality. For much of the last decade, enthusiasts from President George W. Bush down have touted corn-based ethanol as something approaching a superfuel, a home-grown alternative to foreign oil that would help cut smog and bring hope to struggling farmers.

It has not worked out that way. Instead, the ethanol industry has undergone a great boom and bust in which a Financial Times analysis has found investors as savvy as Bill Gates, Microsoft’s founder, have collectively lost billions of dollars.

Despite the billions more in taxpayers’ dollars that was spent to subsidise it, ethanol now eats up nearly one-quarter of the US corn crop without so far fulfilling the hopes held for its beneficial effect either on the environment or US dependence on foreign energy.

It may have helped keep gasoline prices lower in the world’s wealthiest nation, but a growing band of influential critics say it has also contributed to higher food prices in the world’s poorest countries. So far, the only sure beneficiaries from the ethanol promise have been the investors clever enough to get into the industry early and the corn farmers who have enjoyed a lucrative new market for their grain. …”

http://www.ft.com/cms/s/0/bec31b9c-9f9c-11dd-a3fa-000077b07658.html

Investors suffer as US ethanol boom dries up

By Kevin Allison in San Francisco and Stephanie,Kirchgaessner in New York

“…Investor losses come as taxpayers have paid billions to support the ethanol industry. More than $11.2bn has been spent since 2005 on tax breaks for companies that blend ethanol into petrol. Billions more have been spent on direct state and federal subsidies for US ethanol production.

“We’re looking at an industry that’s cost $80bn to get to this point,” said Bob Starkey, a fuels analyst at Jim Jordan & Associates, a research group in Houston.

However, ethanol has disappointed many who saw it as a wonder product that could reduce the US’s dependence on foreign oil while cutting down on pollution. Worse, a growing number of influential critics now say ethanol is helping raise the price of food. …”

http://www.ft.com/cms/s/0/a9c5698e-9fd3-11dd-a3fa-000077b07658.html?nclick_check=1

 

Surprise: Government Mandates Behind Ethanol ‘Bubble’

Boudreaux addressed ethanol in “America 2012,” BMI’s new Special Report on economic issues in the presidential campaign.  

“Farmers, especially corn farmers, made out like bandits because now there’s this artificial market enhancement for their product and so they’re receiving higher returns causing the price of corn products to rise, the price of foods that are close substitutes for corn to rise, and of course it’s … one element in the rise of the price of gasoline.”

Ethanol as an alternative source of energy is one of the major issues in the presidential campaign. Democratic presidential candidate Sen. Barack Obama has supported ethanol, calling it “only the beginning.” His GOP opponent, Sen. John McCain, has criticized ethanol subsidies.

http://newsbusters.org/blogs/nathan-burchfiel/2008/10/23/surprise-government-mandates-behind-ethanol-bubble

 

Ethanol Myths and Realties

http://www.businessweek.com/technology/content/may2006/tc20060519_225336.htm

 

Small Producer Credit Sought in Economic Stimulus Bill

“… Ethanol proponents are seeking to include an amended small ethanol producer tax credit in the economic stimulus package being debated in Congress. The Coalition’s, Chairman, Nebraska Governor Mike Johanns, recently sent a letter to Senate Finance Committee Chairman Max Baucus of Montana and Ranking Member Chuck Grassley of Iowa requesting their support. “The credit was created as an incentive for farmers who invested in small ethanol production facilities. At present, this credit works as a disincentive to farmers organized as a cooperative. The addition of the small ethanol producer credit for farmer cooperatives will make available an incentive that is important to the nation’s ethanol plant development efforts, especially in rural areas of our states,” Johanns said.

“If included in the economic stimulus package, this provision will be a timely incentive for farmer cooperatives that are facing significant economic challenges,” Johanns said. “The addition of farmer-owned ethanol cooperative incentives will help to stimulate the economy of areas in which the plants are located, and the new production will increase domestic ethanol production capacity. This combination of value-added agri-processing and production of renewable ethanol from domestic resources will serve to strengthen the economic stimulus package and will allow farmer cooperatives to participate in the growth of the ethanol industry.” …”

http://www.ethanol-gec.org/jan2002/jan01.html

 

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