TiU Radio 10/10/10 guest CSR (mp3)

Started by Ognir, October 09, 2010, 02:21:54 PM

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Ognir

TiU Radio
http://www.TheInfoUnderground.com
recorded Sunday 10th october 2010
Host Ognir
Guest CrackSmokingRepublican


Talking about the issues of the day  <$>


http://theinfounderground.com/archives/ ... -10-10.mp3
Most zionists don't believe that God exists, but they do believe he promised them Palestine

- Ilan Pappe

Ognir

Am running a little late, but not much
Wimpy (Tim) has a work thing
Lord Lindsey should be around
CSR? Mike or Scott?
Most zionists don't believe that God exists, but they do believe he promised them Palestine

- Ilan Pappe

satya

Quote from: "UnderTheSun"shiit! Niggas sucking Welfare the world over!! Niggas deserve to be fucking sucking Welfare money that Jews fucking print!! Why would fuckers complain about Welfare getting sucked from "their" nation? Not quite Reparayshunz, but we gettin there. Niggas be unemployed, and what muhrfuckas? Sheet!!!

Niggas taking over!!!Oh Lawwd it's a BlackOut!!!

Hazy!!!

Not that I recommend Niggas being invited to Western nations even America. Africans living in Ireland, France etc should suck welfare, 419 da shit outta the nations and bring it back to their fucking home nations.

Hazy!!!

Gone!!!

^^Bout time for a ban.

Christopher Marlowe

Under the Sun,
Dude! You gotta quit them drugs and get into a 12-step program. Don't wait for a judge to order you; just start going.  Those pills are going to fry your mind and make you crazy. Your self-esteem goes into the toilet because you start thinking like an addict.

You can be happy without pills.
And, as their wealth increaseth, so inclose
    Infinite riches in a little room

CrackSmokeRepublican

Quote from: "Christopher Marlowe"Under the Sun,
Dude! You gotta quit them drugs and get into a 12-step program. Don't wait for a judge to order you; just start going.  Those pills are going to fry your mind and make you crazy. Your self-esteem goes into the toilet because you start thinking like an addict.

You can be happy without pills.

I agree with C.M.,  

Under the Sun (aka Reeler), dude you got to get in the Program!
And hey, we all know it isn't easy... one step at a time... man..and you can do it!

--CSR
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

superzebra

Quote from: "Ognir"Am running a little late, but not much
Wimpy (Tim) has a work thing
Lord Lindsey should be around
CSR? Mike or Scott?
great show

i will jump in if you made new roundtable.
[size=150]Turning Point 2012[/size]

Christopher Marlowe

I just finished listening to the show. Another great CSR/Ognir show.  Man, the Cracksmoke doesn't pull any punches.  

I might be interested in doing a round table, if the skype doesn't install any BS tracking devices on my mac.
And, as their wealth increaseth, so inclose
    Infinite riches in a little room

CrackSmokeRepublican

Sorry Reeler, "Under the Sun"....

There have been some technical difficulties with your IP address and the database here at TIU...it happens sometimes... please get in the program asap...!
It can reely help !  :up:
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

maz

Good show.

Both Charles Guiliani Truth Hertz and Mark Glenn interviewed this Rizzoli guy just in the past few months. I've archived the Mark Glenn interview here, but I don't have the Truth Hertz one. It's rather amusing interview and may upload it at a later date.

http://www.archive.org/details/TheUglyT ... i5-24-2010

HydroMoron

Quote from: "CrackSmokeRepublican"Sorry Reeler, "Under the Sun"....

There have been some technical difficulties with your IP address and the database here at TIU...it happens sometimes... please get in the program asap...!
It can reely help !  :up:
Apologies for my comments etc. I respect this forum, really. Again, apologies.

Ognir

feck he's back again already, watch your mouth
Most zionists don't believe that God exists, but they do believe he promised them Palestine

- Ilan Pappe

Helphand

TiU Radio Sunday 10 October, 2010: Ognir / Crack Smokin' Republican/CSR

http://theinfounderground.com/archives/ ... -10-10.mp3


00:00-10:00
Ognir: new Israeli law of allegiance for non-Jews.

CSR: they want a national ghetto for Jews which the world will respect and to which criminals can run as a hole in the wall getaway; also for enhancing rabbis' power.

Ognir: {Jim} Rizoli (sp.?) and his brother on cable tv about 911, holocaust, Wall Street money, Jews on corporate boards, and was kicked off ???? see youtube video. {http://www.ccfiile.com (?) / http://mp3.oraclebroadcasting.com/Truth ... 20_16k.mp3

http://mp3.oraclebroadcasting.com/Truth ... 22_16k.mp3

}


CSR: Charles Giuliani spoke of him on an Oracle Broadcasting show and reckons he is knowledgeable.

Ognir: my post on TiU this week about an Israeli settler leader who ran over Arab kids. Race conflict potentially building as part of the divisive mix.


10:00-20:00
Bankrupt European states and resistance growing to foreign labour and non-working immigrants.

CSR: sees more prison culture like in Brazil is coming to the USA - who's a cop, who's a gang member, who's a crim? Dividing lines blurring...

Ognir: illegal immigrants; liar loans; then banks bailed out at cost of taxpayers. Who agreed to this?

CSR: on zerohedge.com (?) Gonzalo Lira's (sp.?) "The Coming Middle Class Anarchy" article - conjectures debtors prison for default.. Let's have jubilee for all Jew-owned debts; objective is remove Jews from the economic {financial} system. Byzantine Empire rules: keep Jews out of Government, Education, etc. Empire failed because the Turks got entry to Constantinople as a result of defences being compromised by a Jew on the inside who was later identified. {See also similar happenings regarding conquest of Babylon by Persia and of Spain by the Moors: Eustace Mullins: "Mullins' New History of the Jews" and Pinay: "The Plot Against the Church".}
Lots in finance are overtly Jewish and many that are not are crypto Jews, marranos especially given influx of Latinos to the USA, for example Angelo Mozilo (sp.?) of Countrywide who was feted as a guy championing minority home ownership when the result was ripping off the buyers who over-extended and weakening of the financial system which was ruinous for the taxpayer.

Ognir: Irish Times article about home repossessions. Many Poles and Lithuanians leaving, Africans staying. Near half of young Irish now live at home with parents.


20:00-30:00
Repossessions: it's a beano for the lawyers.

CSR: Karl Denninger / Market Ticker and Ellen Brown have talked about possible class action lawsuits for those in limbo over home ownership / repo enforcement confusion. Start of November financial review / elections / currency wars / Japanese zero interest rates.

Ognir: commodities and food prices up so is it fighting deflation or is it inflation?

CSR: commodities prices will drop in a stock market crash. Hedge funds speculating in commodities.

Ognir: silver price up over 3% in two days, no new US silver coin minting envisaged.
TARP 1 USDF700billion given out with no questions on who received. Now up for TARP 2: USD5trillion a cert given the foreclosure issue. USD/CHFr/Euro currency fluctuations. Euro gained against CHFr.


30:00-40:00
G20 meeting. Currency Wars the new buzz phrase in the Jewsmedia. {books:- Song Hong Bing: "Currency Wars" (2009); J.K. Cooley: "Currency Wars" (2008).} Chinese started buying Greek bonds - why?

CSR: Japan, China, Asia generally too big now for cheap currency to be the export loss leader. Reverse of USA and Europe - cannot keep running up debts to Eastern exporters. {Result of these international account imbalances? War!}

Ognir: late 1930s bankers had stage for WW2. Couple of years or far less from all-out war? Far right in Sweden now have 5.0% of popular vote for anti-Muslim policies, Switzerland same with UDC Party - expel any foreigner who commits a crime. New law in France stripping nationality from naturalised citizens like Algerians, Moroccans for crimes like attacking police, firemen. {Isn't the Third World War to be the engineered clash between Political Zionism and Islam and the Fourth, if required, between Christianity and the Atheist residue? (Albert Pike). L. Young, J.C. Scott and other UK authors who were WW2 ex-servicemen writing in the 1950s, who realised they'd been had and who wrote about the Plan/the Protocols; R.H. Williams who was in US military intelligence and wrote in 1957 "The Ultimate World Order: As Reflected in the 'Jewish Utopia'".}

Ognir: Swiss military attache went to Israel and met the military. Some demonstrators. IDF using Palestine child as human shield. Similar every day in the Swiss newspapers but no focus on the underlying cause. Per the Protocols of the Learned Elders of Zion, they MUST control the media.

CSR: Iran seems the most likely fear for a war involving Israel.

Ognir: North Korea Premier's son Swiss-educated {bet he's a Freemason, check out Texe Marrs talks in the last couple of months referring to Jewish involvement in Chinese revolution especially "The Illuminati's Oriental Express: The Rise of China and the Beatdown of America"; 20 August, 2010 (show #3410) where he said that in 1949 Epstein and Shapiro headed Mao's Government as Finance and Media heads; Mao was a Freemason.}


40:00-50:00
CSR: thinks North Korea independent of Jewish control but they know Israel runs the USA diplomatic corps. NK got its nuke via Republic South Africa from Israel. Had the money to buy the nuke so on the money system {though no Western style central bank}. NK a wildcard.

Ognir: differs, thinks NK under control of China. The Hungarian aluminium "spill", what if it gets into the Danube, accident or engineered? Same scope for damage as the Mexican Gulf oil spew?

CSR: Common factor is that seems corners were cut and damage resulted from the investors' race to the bottom line.

Ognir: posting this week on TiU of video in which a Jew proclaims they own Manhattan, Hungary etc. etc. etc. Requires more research.

CSR: Rage building against having to sell at knock down prices to the rich, mainly Jewish hedge funds. Time Magazine article this week on SPLC and Mark/Marc (sp.?) Potok on "dangerous militias". Testing sentiment.

Ognir: idea of local trading will grow. Jubilee good idea but keeping same system will result in same problems.

CSR: Annul the debts owned by Jewish companies and persons {reflects St. Thomas Aquinas' teaching that the fruits of usury are not to be retained but to be disgorged by their recipients.}  

Ognir: yeah but where do you draw the line? {Like the Nazis' racial purity law definitional issues, if you are a quadroon do you count as Jew or not?}


50:00-60:00
Barter systems, Malaysians using locally mined silver. Ognir bought some 10 Euro silver French coins, issue of 4mio, legal tender in France and Doms / Guadalupe and other overseas territories; pay in shops ands see reaction. Gold and silver real money. {Yes but NB: Frederick Soddy: "The Gold Standard Snare" and other writers against gold standard and its disastrous effect on limiting circulation of sufficient money as in 1930s Depression.} Rense / Rivero and what their role is.  Vallee Canton (?) exhibition of housewares; Swiss Customs display of fake designer label products and fake gold bars. Beware fakes! Need an idea for a cheap gold and silver testing kit! {No Need, already done: (i) late c18th century onwards balances for checking dubloons etc, in c19th century in England shops and pubs had counter-mounted sovereign balances for checking the weight and dimensions of gold sovereigns (world's most counterfeited gold coin) and bigger precious metal coins; also pocket versions very common, bit crude but some protection against obvious fakes; (ii) check out the Fisch gauge, this is a major reason for buying gold coins rather than mini gold bars; gauge used in banks. Also for silver but silver coins historically far less often faked because conventionally 15-20 times less value weight for weight than gold and small sizes so not worth the crims' time.}

CSR: for bigger quantities there are assays of course. Ringleaders' plans for world population reduction, League of Nations was an attempt to gain centralised world control. Similar numbers of non-Jews' deaths would NOT be publicised to the nth degree like the Jews'. Millions died in WW2, Ukraine, Jewish Revolutions, in Communism - none of this is vented in the media, not in the controllers' interest to raise sympathy for any victim except Jews.


60:00-72:00
Ognir: NPR/National Public Radio; in Switzerland World Radio Switzerland (ex World Radio Geneva) Reuters/BBC/Swiss Broadcasting Authority controls local English language radio broadcaster. The men employed there all seemed GAY when he visited offices!

CSR: NPR is a sort of Voice of Jewry, likely most manipulated news station, dumbed down and inane, lots of Gays there. Rush Limbaugh Lite for college grad. corporate types, saturated with Israeli news stories.

Ognir: quote from Zionist Theodore Herzel, "Complete Dairies", entry 12 June, 1895, on the Arabs of Palestine: "Spirit the penniless populations across the frontier by denying it employment. Both the process of expropriation and a removal of the poor must be carried out discreetly and circumspectly."
Trying to get 3 people round table discussion assembled, Skype Super TinTin to record calls.

CSR: propose a big 911 round table from the TiU-ers/others who know about it. Debunk the 911 debunking shills.

Ognir: Getting the audio side together more, maybe record with {Jim Rizoli}, individuals' own shows. TiU article "Israel Did 911: All the Proof In the World" by Brandon / Monkey See Money Do, thread updated to ver. 2 with videos {for lazy younger generation who cannot read :D }, 125,000 reads. Ask/Google/Bing etc TiU top form stats. More research on 911 possible, sub-contractors, who tracks phone calls, key word searches for spying on communications {Echelon}. No good being inactive and just blaming other people.

CSR: post the links around too.

CrackSmokeRepublican

:up:

Great summary and many thanks Helphand. Your comments are spot on as well.

I thought about this after the show:
QuoteCSR: Annul the debts owned by Jewish companies and persons {reflects St. Thomas Aquinas' teaching that the fruits of usury are not to be retained but to be disgorged by their recipients.}

Ognir: yeah but where do you draw the line? {Like the Nazis' racial purity law definitional issues, if you are a quadroon do you count as Jew or not?}

As far as I can see it, I would apply Jubilee principles to Jewish people up to the 1/8th of their background -- however, the Jubilee will be applied according to their Jew-Goyim blood lineage.

So, if they are an 1/8th of a Jew, an 1/8th of their owned "Claims on Debt" will be repudiated. Fair is fair, and 100% "Jew" is 100% "Repudiation".
For companies, we  can actualize the "Jew-Equation" by looking at also the Board Members-Shareholders.

 It is pretty clear that Jewry has traditionally passed off a "quadroon-crypto" as one of their own for their own corrupting purposes in politics and media (i.e., Lenin, Hollywood Actors).   Therefore:

Jubilee Jew Debts to the 1/8th!  
 0:)

Yes... 70 years is the about the length of a "season". The Jubilee actually will transpire whether acknowledged or not by all peoples including the Jews... it is just better for all if the "GOYIM" ENFORCE this Edict First.  

Full on,  these Idiot Talmudic-Greedy Blankfein Type "Jews" and Talmudic Jew Financial Engineers (Greenspan/Bernanke) must be Ruined Completely and in Total...or else they will ruin us and our respective people...    :)  

For example,  I'd say PIMCO is Jewish owned and operated for Jewish interests personally... IMHO.   Let them count their "Tally" sticks by hand...

Bottom line, America/Europe needs to see the Talmudics working with their own hands and feeding themselves from their own Labors, not ours -- nor from our "Bailout" provisioned taxes.... I'd rather see them eat their owned hands than to give one thin copper coin or slip of paper for their Lying, Scamming Talmudic Jew "Rescue".  It should hurt them to even think of "Usury"-- like a sword tip catching their cheeks.

 I'm dead serious about this Jubilee. Cut it according to who calls themselves a "Jew".   ;)
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

Banking and usury may have started in earnest in ancient historical
Babylon, in the city of Babylon or in nearby cities.

viewtopic.php?f=40&t=12876

The quote below is from:

http://viking.som.yale.edu/will/finciv/chapter1.htm

"In the 1920's, Sir Leonard Woolley, excavating the Mesopotamian city
of Ur, the fabled birthplace of Abraham, found himself standing in the
remains of what must have been an upper middle class neighborhood near
the center of the ancient city. His Iraqi excavators uncovered the
narrow walls and small rooms that signified domestic architecture --
rather than the majestic palace architecture that typically attracted
the attention of Near Eastern excavators...

Professor Marc Van De Mieroop of Columbia University has used
Woolley's careful excavation notes to match the dozens of excavated
clay tablets to the homes where they were found. From these, he has
been able to identify what must have been a very early "Wall Street" -- a
financial district in the ancient city that was the home of Ur's
second millennium lenders and entrepreneurs. From their records, he
has been able to reconstruct a fascinating story about one of the
world's first financial centers.

Most of the cuneiform texts found in the financial district date from
the early years of the reign of the King Rim-Sin (1822-1763 B.C.), who
ruled from the capital city of Larsa, a few miles north of Ur shortly
before Hammurabi's time."

Many of the clay tablets found were records of loans for which the
lenders collected interest, or usury. The article on usury in ancient
historical Babylon goes on to say that:

"It is difficult to escape the conclusion that, while the first loan
contracts and the legal system that enforced them may have been good
for the Mesopotamian economy, they made life miserable for the working
man and woman."

Since historical Babylon is the model for the Babylon of
prophecy, we can ask if the economic system of the Roman Empire -
which Church Fathers said was a fulfillment of the prophecy on
Babylon - was based upon usury. Some historians think that usury
helped to corrupt the Roman Empire.
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

rmstock

QuoteOgnir: commodities and food prices up so is it fighting deflation or is it inflation?

CSR: commodities prices will drop in a stock market crash. Hedge funds speculating in commodities.

in a stock market crash commodities will soar in value.

So who is this Crack Smoking Republican? a shill?  A retired statesman,
now homeless and without income, told me its all in the name : NOMEN EST OMEN

This one posted on Rense is interesting as well :

More Remarkable Anagrams
Author Unknown
10-16-10
http://www.rense.com/general92/anagrams.htm

Robert
--
Robert M. Stockmann - RHCE
Network Engineer - UNIX/Linux Specialist
crashrecovery.org  mailto:stock@stokkie.net">stock@stokkie.net

``I hope that the fair, and, I may say certain prospects of success will not induce us to relax.''
-- Lieutenant General George Washington, commander-in-chief to
   Major General Israel Putnam,
   Head-Quarters, Valley Forge, 5 May, 1778

Helphand

"in a stock market crash commodities will soar in value."

only imho in an "upward crash" (c) Edgar J. Steele.

Why would the raw materials of industry go up in value when the industries using them in their fabrication processes are being downvalued, presumably on grounds mainly of lowered prospective earnings?

CrackSmokeRepublican

I'm kind of the opinion that so many "funds-traders" have taken out massive leveraged loans in foreign markets --via carry trades-- that a rally in the dollar at this point could break a lot of things in commodities including Gold and Silver like in the Fall of 2008.  With cheaply borrowed money from Central Banks, traders will chase the most ridiculous rallies...not based on actual economic activity... and then short it all to trap in actual investors.  As long as money is cheap, the chase is on... there are still a lot of huge "dead zombies" to drop like Insurance companies, Muni Bonds, Banks, Hedge Funds, MBS, Commercial RE investments, etc....and all the markets are showing correlation (from artificial pumping)  like one massive bubble... all it takes is one bad reverse and things could go down quick...

I'm not the best voice for investment advice but... things are massively manipulated right now... --CSR
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

rmstock

Quote from: "Helphand""in a stock market crash commodities will soar in value."

only imho in an "upward crash" (c) Edgar J. Steele.

Why would the raw materials of industry go up in value when the industries using them in their fabrication processes are being downvalued, presumably on grounds mainly of lowered prospective earnings?

people know that the current depression has been carefully staged by wallstreet, the federal reserve, the IMF, the BIS and the World Bank, in short "The Money Trust". I wonder if Edgar J. Steele took consideration for criminal activities within such institutions, to describe economical crashes.

If troubles with a paper fiat currency and/or paper bonds and its securities are artificially created, its wise to invest
in commodities which are not directly related to the scam. It are then in particular the involved criminals who make such moves, like buying up all fertile land across the globe, buying up gold, silver, copper, bauxite mines and land which possibly contains these commodities. In short, might in the coming weeks or months a stock market crash happen, commodities prices will rise.

Robert
--
Robert M. Stockmann - RHCE
Network Engineer - UNIX/Linux Specialist
crashrecovery.org  mailto:stock@stokkie.net">stock@stokkie.net

``I hope that the fair, and, I may say certain prospects of success will not induce us to relax.''
-- Lieutenant General George Washington, commander-in-chief to
   Major General Israel Putnam,
   Head-Quarters, Valley Forge, 5 May, 1778

Helphand

Yeah I know what you mean but like the Hunt (?) bros. cornering the silver market in the 1980s any commodity can be manipulated to bubble then burst. Including of course, gold for one - and even if it is not forfeited they can still get the protection off your hands by introducing or enforcing existing capital gains taxes on the "accretion" in price which in reality is the inflation element. Nothing in reality is safe and all you can really do is diversify. Mind, zio-Denninger did maybe say one thing right, if you fear inflation buy index calls. Perversely seems the intent to print money to oblivion  means gains off index shorts are NOT a cert in this scenario...

CrackSmokeRepublican

Quote from: "CrackSmokeRepublican"I'm kind of the opinion that so many "funds-traders" have taken out massive leveraged loans in foreign markets --via carry trades-- that a rally in the dollar at this point could break a lot of things in commodities including Gold and Silver like in the Fall of 2008.  With cheaply borrowed money from Central Banks, traders will chase the most ridiculous rallies...not based on actual economic activity... and then short it all to trap in actual investors.  As long as money is cheap, the chase is on... there are still a lot of huge "dead zombies" to drop like Insurance companies, Muni Bonds, Banks, Hedge Funds, MBS, Commercial RE investments, etc....and all the markets are showing correlation (from artificial pumping)  like one massive bubble... all it takes is one bad reverse and things could go down quick...

I'm not the best voice for investment advice but... things are massively manipulated right now... --CSR

QuoteWhy is gas $3.45 a gallon? Hint: It's not supply (It's the SCAMMING Financial J-Team in Action.... --CSR)

By MICHAEL GRAY

Last Updated: 5:08 AM, January 9, 2011

Posted: 10:17 PM, January 8, 2011
Comments: 6
Tweet
More Print

Wall Street and Washington are playing a crude joke on the US economic recovery.

Higher gasoline prices have drained over $25 billion from the US economy since September, as skyrocketing oil costs have eaten into consumer's wallets.

But the issue isn't supply -- it's Ben Bernanke and hedge funds.

The Federal Reserve chief has kept the dollar weak with his "quantitative easing" stimulus plan. Wall Street sees commodities like oil as a security, a hedge on the watered-down greenback. They can run up oil prices on nothing more than speculation that China may suddenly need more oil.
Cab driver Leon Popkin is none too pleased with price of gas at his local station. He can blame Wall St. and the Fed for his woes, oil industry analysts say.

Oil prices have hovered near $100 a barrel recently (though a disappointing jobs report brought it back down to $88 a barrel on Friday). OPEC is of course pleased with the high prices, and refuses to increase production -- but privately, even they're puzzled by the increase in prices. There hasn't been a spike in the demand for oil recently; in fact, the recession has decreased use.

Yet New Yorkers pay more than $3.45 at the pump, and economists are forecasting $4 or even $5 a gallon gas by spring.

"That's over a $145 billion annualized 'hidden tax' on the consumer," says Peter Buetel, president of Cameron Hanover, who covers the oil industry.

"Gasoline prices at the pump have increased over 27 percent since Bernanke began telegraphing his move in September," Buetel added.

Stephen Schork, an energy analyst who runs the Schork Report, wrote in a November posting that Bernanke's easing started the run-up in crude oil through a weakened dollar. Then the fast money on the Street took the ball and ran with it.

But it isn't as if the oil market suddenly had a switch turned on in September. Energy prices never really retreated during the recession, and some analysts believe the price of gasoline should now be more than a dollar lower than its current $3-plus average across the country.

While most of the equity cheerleaders have celebrated stocks' year-end moves and said that gold and silver may be bubbles, crude oil prices have soared more than all other investments.

Precious metals were up 8 percent for the final quarter of 2010. The Standard & Poor's 500 index gained 13 percent during the same period while crude, facing stiff headwinds of a stronger dollar as the euro weakened on Irish and Greek debt woes, gushed over 16 percent.

Cameron Hanover's Buetel estimates that 40 percent of the run-up in crude prices by year's end can be laid at the feet of Wall Street.

The crude reality for consumers is that this is the same Wall Street crowd chasing profits, which took crude prices to $147 a barrel in July of 2008, only to crater to $33 a barrel by December of that year as the fast money moved elsewhere.

It's a big part -- oil at $147 a barrel -- of what exacerbated the recession in 2008.

"In a fragile economic recovery, $25 billion that does not buy movie tickets, pay restaurant bills or make a retail purchase could mean a longer time for economic recovery," said Buetel.

Disappointing holiday retail sales bear this out.

Just this week Discover Card officials said that 47 percent of consumers spent less on gifts this holiday season because of higher gasoline prices and the sales figures from retailers showed declines across the board.

So where were the sales? Investors will likely get the answer when the oil companies report their earnings later this month.

Schork said that $90 a barrel translates into $3.15 a gallon and $95 a barrel to $3.30 gallon.

"At $95, we begin to see demand destruction," said Schork, which means consumers cut back on gas purchases.

That has little effect on Wall Street banks and hedge funds that are bidding up the price to get a better return for their investors.

At the end of last year, Wall Street money mangers controlled 200 million barrels of oil in futures contracts. That level is five times the amount of oil Nymex controls in its Cushing, Okla., crude oil storage facility.

The Commodities Futures Trading Commission, under the FinReg rules passed last year. is charged with reining in Wall Street speculators by this month. But the panel will not have any subtenant rules until late spring at best.

http://www.nypost.com/p/news/business/c ... WjGieJEKHI

http://www.iamthewitness.com/
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan