BNN interviews Paul van Eeden, president of Cranberry Capital on May 30, 2008

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AndtheDaysGoBy

Flake (7)

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This guy does make some good points.. but for the most part.. he's a tool

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The spirit of resistance to government is so valuable on certain occasions, that I wish it always to be kept alive -Thomas Jefferson

Chase_the_Bass

Plugged In (47)

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I won't kill this guy if in the next 10 years prices drop like he said they should.

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rightwinger

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Eh...I figure it has more to do with the gigantic rise in demand. That'd be my guess. Especially in China. That's kind of the big event that's shifted the market.

I don't think it has as much to do with inflation. But...let's say the government decides to completely squash inflation. That would skyrocket unemployment, which wouldn't be good at all.

Also...RATSOADM, I know you are a "abolish the Fed" guy. But the guy in your video....is disagreeing with the policy of the Fed, not the existence of the Fed.

4n7hr4x

Developing Toaster (20)

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You people are idiots... " I think its because of the rise in demand..." SHUT UP!!

The first time we had a huge economic meltdown we eventually learned it was nothing but a plot by the rich intended to only increase their own wealth. Rich guys using their power and influence to spread rumors to manipulate the people into a panic. This caused banks to close and the dollar to fall. Business were selling for pennies on the dollar and those rich guys just went around shopping and bought up all the worth while businesses.

And the same thing is happening again...

Just recently three major lenders went chapter 11, and guess what... someone bought them all... yeah thats right... but you're probably right its just an increase in demand...

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War against a foreign country only happens when the moneyed classes think they are going to profit from it.
- George Orwell

[youtube]tmP8Bgof6KE [/youtube]

rightwinger

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Has China begun to buy way more oil?

How much should that rise in demand affect the price?

HeartAttack

Addicted (42)

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Yeah, I was gonna say a few words but then I saw "shut up" and "you people are idiots" so I'll skip out and let the children take on this one....

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