[some_math_guy]

This discussion about the Fed having access to data etc is silly. The goal of the Fed is not to analyze the data to determine the most appropriate actions to improve the US economy.

The goal of the Fed is to determine the most appropriate actions that will maximize the return of the private shareholders of the Fed stock, which include many of the largest and wealthiest financial and industrial corporations on earth. As such, it is best thought of as a political entity, not some kind of analytical thinktank. Even if they had the smartest analysts and the best data, THEY WOULD NOT USE IT as it is not their goal to improve life for Americans; rather simply to maximize their shareholder returns. Obviously if the US economy completely collapses, this would not be good for their shareholders, so they are trying to find the combination of policies and actions that will extract the maximum amount of money from the American people without completely destroying the system.

Case in point...QEII and all of the other 'quantitative easing' actions are simply a way to transfer wealth from the American people to the Fed and their shareholders. This is because the Fed creates the money which costs them nothing, effectively loans it to the US government and immediately begins getting a % return that counterfeit money. The eventual outcome is that more money chase the same amount of goods and services in the US economy, and the public experiences a loss of purchasing power through inflation. Thus, the wealth of the people is transferred little by little to the Fed and their shareholders.

It's hilarious that Americans seem to think that Fed actually has their interest at heart. The Fed is the reason for the depression we are entering, and they will win no matter if there is inflation or deflation because the rich hold gold, silver, real estate, stocks, and other financial assets which tend to increase with inflation while the public loses purchasing power. In the case of deflation, their assets gain in purchasing power while the public's standard of living drops because they are so indebted and debt servicing becomes more and more onerous in a deflationary scenario.

Please stop talking about the Fed as if they are working for you and the American people. It's like saying OPEC wants nothing more than to provide Americans with convenient transportation. It's always all about the money.

[Mesuge]

Guys, there is a link on previous page with listed areas of key banking system info the FED is actively hiding from the public and supposedly oversighting bodies like the POTUS person and Congress. It's a closed cartel, given the latest developments it's beyond reasonable doubt to say: it's a criminal closed cartel owned by extra national entities piggybacked on the global reserve currency and medium of exchange the petrodollar, enough said.

I don't get the need discuss it anymore, it's beyond silly.
Well, what about rather discussing the stuff that at least slightly matters, i.e. interpreting the steps FED is undertaking in order to prop up the stock market etc. There are people "outside" the system, who will just earn bambillions, as they did from from say begining of 2000s, by just observing the predictable steps of these fraudsters. The FED is getting increasingly into a corner, they print free money, and there is still time to milk it and transfer into real values, property, PMs, and what have you. Yep, I'm aware that this is basically milking in out of your kids future, but that's sadly the end game at this point, the ultimate trajectory is implosion, the speeding tanker won't turn on a dime.

The bottom line, do you want your (grand-)kids become the peasant beggars of the future or rather the fiefdom masters, or at least sovereigns of independent wealth and knowledge, the topdog neofeudals have to respect on some mininal level at all.. ?

Otherwise, it's simply a waste of time..

[Cloud9]

If you guys think the Fed is on top of the game you need to review your history.

http://www.youtube.com/watch?v=INmqvibv4UU

[americandream]

Goldman Sachs has accused Saudi Arabia, the world’s most important oil supplier, of misleading the world about its oil production since late last year.

If true, this allegation would mean that the Organization of Petroleum Exporting Countries has far less spare production capacity to make up for the disruption of Libyan supplies than it claims, leaving oil markets in a much more perilous situation than anybody realizes.

http://blogs.wsj.com/source/2011/03/08/ ... _news_blog

[Roy]

surprise surprise surprise! And what's even more ironic is the source of the accusation, who have been known to do a little 'misleading' of their own...

[Daniel_Plainview]

$this->bbcode_second_pass_quote('', '[')b]If Goldman’s hypothesis is correct, “this would imply that OPEC spare capacity could actually have dropped below 2 million b/d already.” This is a level last seen in 2008, when the oil price hit $147 a barrel.

[kiwichick]

just waiting quietly

the longer libya runs the better the odds ksa will have to do a show and tell

[dolanbaker]

Talk about putting a bat up the nightdress of the business world!
And thats before they realise that the "extra" oil is the heavy sour stuff.

[Pops]

I wonder how many contracts Goldman owns.

[americandream]

$this->bbcode_second_pass_quote('dolanbaker', 'T')alk about putting a bat up the nightdress of the business world!
And thats before they realise that the "extra" oil is the heavy sour stuff.

[mos6507]

Goldman is the architect of the apocalypse--unless they say something that backs up the doomer narrative. Then suddenly they are the good guys?

Sorry, doesn't compute.

The investment community should NOT be trusted when commenting on energy. They obviously think there is money to be made in pumping up energy stocks. That's what I get when I read between the lines of Seeking Alpha and all the other peak oil chatter in investment circles. It's suiting their agenda to overstate peak oil.

[crude_intentions]

$this->bbcode_second_pass_quote('mos6507', 'G')oldman is the architect of the apocalypse--unless they say something that backs up the doomer narrative. Then suddenly they are the good guys?

Sorry, doesn't compute.

The investment community should NOT be trusted when commenting on energy. They obviously think there is money to be made in pumping up energy stocks. That's what I get when I read between the lines of Seeking Alpha and all the other peak oil chatter in investment circles. It's suiting their agenda to overstate peak oil.

[americandream]

$this->bbcode_second_pass_quote('mos6507', 'G')oldman is the architect of the apocalypse--unless they say something that backs up the doomer narrative. Then suddenly they are the good guys?

Sorry, doesn't compute.

The investment community should NOT be trusted when commenting on energy. They obviously think there is money to be made in pumping up energy stocks. That's what I get when I read between the lines of Seeking Alpha and all the other peak oil chatter in investment circles. It's suiting their agenda to overstate peak oil.

[Loki]

Hmmmm, which pathological liar to believe?

[americandream]

$this->bbcode_second_pass_quote('Loki', 'H')mmmm, which pathological liar to believe?

[dolanbaker]

$this->bbcode_second_pass_quote('americandream', '')$this->bbcode_second_pass_quote('Loki', 'H')mmmm, which pathological liar to believe?

[babystrangeloop]

$this->bbcode_second_pass_quote('', '[')b]Oil to climb on growing demand, reduced spare capacity: Goldman
Platts / July 7, 2011


Global banking and securities firm Goldman Sachs said Thursday it was expecting considerable oil price upside in the next 6-12 months as rising demand fueled by improved global economic growth cut into OPEC spare capacity.

"With world economic growth continuing to drive oil demand growth well in excess of non-OPEC production growth, the oil market continues to draw on inventories and OPEC spare capacity in order to balance," Goldman Sachs said in its Commodity Watch report.

"In our view, it is only a matter of time before inventories and OPEC spare capacity become effectively exhausted, requiring higher oil prices to restrain demand, keeping it in line with available supply."

As such, Goldman Sachs has now forecast a WTI crude price of $111.00/b in three months, $115.00/b in six months and $126.50/b in 12 months, this compares with $108.00/b, $114.50/b and $126.50/b forecasts from its May 24 Commodity Watch report.

For Brent crude, Goldman Sachs said its three, six and 12-month forecasts were now to $117.00/b, $120.00/b and $130.00/b. In its May 24 report Goldman had forecast prices of $115.00/b, $120.00/b and $130.00/b, respectively. ...

... "We expect this export demand to continue this summer, likely supported by diesel-fired electricity generation demand in China and Japan."

[LateGreatPlanetEarth]

http://j3tpost.wordpress.com/2011/07/11 ... man-sachs/

[peeker01]

opec members have been cheating on their quotas since day one at opec. african members have
been doing it too. the lure of big bucks is just too much of a carrot for these greedy bastards.

funny how the money changers at goldmans can turn excess production into a crisis issue.

so now we have the spr and opec cheating going on, and goldman is calling for higher futures prices.
where does supply and demand enter into the equation?

[Keith_McClary]

$this->bbcode_second_pass_quote('peeker01', 't')he lure of big bucks is just too much of a carrot for these greedy bastards.
...
where does supply and demand enter into the equation?