[AT] OT Gas prices new all time high :-(

[Cecil Bearden]

Problem is by the time all these big players get their money back or lost. 
Us small guys will be out of business and bankrupt.  I will have to sell off 
equipment to make fuel bills.  Insurance is going sky high.  There is a 
limit to what can be sold, scrapped, etc before it is all gone.  I spent 
over 40 years building this and will lose it due to some big shots on wall 
street.

Cecil in OKla
----- Original Message ----- 
From: "Ron Cook" <rlcook at longlines.com>
To: "Antique tractor email discussion group" <at at lists.antique-tractor.com>
Sent: Wednesday, March 09, 2011 9:03 AM
Subject: Re: [AT] OT Gas prices new all time high :-(


> Charlie......exactly correct.
>
> Ron Cook
> Salix, IA
>
> On 3/9/2011 6:51 AM, charlie hill wrote:
>> Cecil, I haven't read your link yet but I have two friends in the fuel
>> business. One is a large oil jobber that distributes all over NC and has 
>> a
>> fleet of trucks and multiple tank farms.
>> The other is an aviation fuel jobber that provides FBO's at airports all
>> over the eastern US.  They both tell me the same thing that I'm hearing 
>> on
>> the news.  Tankers are loaded with fuel and sitting in the ocean with no
>> where to unload and US refineries are running at between 65 and 80 %
>> capacity.   The whole reason fuel is high is because our government is
>> devaluing our currency and investors are running to commodities to 
>> protect
>> their wealth.  Gold, Silver, Copper, Oil,  Grain, you name it, are all 
>> going
>> up relative to the dollar but what is actually happening is the dollar is
>> loosing value against those commodities.  The trickle down effects almost
>> every economy on the planet.   Everyone thinks the Chinese own all of our
>> Treasury notes.  That used to be true.  Not now.  Currently foreign
>> "sovereigns" own about 30% of our treasuries.  The FED owns the other 
>> 70%.
>> Almost none of them are privately held at this point and the sovereigns
>> (other countries) are selling them.  The fed is buying them with dollars
>> printed by the US treasury in an attempt to keep the whole house or cards
>> from collapsing.  If you and I did what the fed and the treasury are 
>> doing
>> they'd put us in jail for what is commonly called check kiting.
>>
>> Charlie
>>
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