Monday, March 3, 2008
Crude Oil, Gold Lead Commodities Higher as Dollar Extends Drop
Oil and gold rose to records, leading a rally in commodities, as investors boosted their holdings of raw materials as a hedge against inflation.
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Capitalism is a ridiculous and dangerous system. How can people plan for the future, amid all this speculation and panic?
ReplyDeleteThe answer to all this is that Capitalism thrives on exploitation. The millions of Americans who cannot retire because they have no pension plan or any money saved for their retirement years. This is the American Pipe-Dream fed them by financial institutions and the news media.
ReplyDeleteIt's bad enough that the average American cannot get by on their present day incomes, so how were they to put away any money for that rainy day?
In the case of Latin America, the U.S. Corporations saw how they could exploit the people, and penury was their lot. It is because of socialist governments have taken control via elections that the U.S. Corporations felt that they were under attack, and started a war on them, aided by the U.S. government and its agencies like the CIA.
Now, it is time for Latin American governments to nationalize all U.S. owned companies and use the money not going to Wall Street, to create a better Latin America.