In the new world environment, I believe we never need to worry about speculators ever again. Once summer arrives we also don’t need to concern ourselves with Russia’s bullying and anti American tactics and as for that fat little fool Chavez, in Venezuela, he had better head for the jungles of Columbia right now. His peoples will want to string him up when their economy goes to hell in a hand basket and they realize how this wretched “Napoleon” squandered the country’s future. Dubai is going to look the most ridiculous ghost town on earth. Maybe they should offer up all those vacant apartments to bin Laden and all his terrorist mates from Pakistan to London. Bin Laden and his army must be sick of hiding in those hell holes of caves by now and quite frankly I can only imagine a possible Arab immigrant/refugee wanting to take up residence in any Middle Eastern country that has plenty of accommodation on offer.

What is going to happen to the large Western-owned oil companies? BP has been smart over the past ten years and I think in this new environment of alternative energy they will play a leading role in grabbing market share. Shell is in decline as its reserves dwindle and the cost of exploration that will not yield any returns will mean it will merge or fade away. Chevron has adopted a similar approach to BP but does not enjoy good public relations. Exxon Mobil in a nutshell is reviled, almost as badly its founder, John D. Rockefeller was in his heyday. Mergers will continue as the “Super Majors” (Exxon-Mobil, Shell, BP, Chevron, Conoco Philips and Total of France) carve up the smaller pie for a bigger slice. On the other hand I think India’s and China’s late entrance into investing in oil is ill-fated and I see a quick exit once they realize they have lost their shirts.

It is such a shame that the era of a buck plus per gallon for gasoline really won’t influence our lives positively for a few years to come, but when life does return to normal we will face a new era, being ripped off by the suppliers of alternate energy! Our only savior will be the government protecting us with legislation that protects us from the ensuing greed and avarice of the new generation of rip off merchants!

In America, while Denmark was working hard at creating happiness for its peoples, our leading universities were turning out baby boomers to become nasty, anti-social and greedy narcissists. The result, after 200 years of free enterprise, is the complete destruction of capitalism. For years, I have pointed to Wall Sreet and the trading pits of commodity exchanges to what I thought was going on. Two months ago I laid the cost of a barrel of oil at the feet of speculators in the Mercantile Exchanges of N.Y. and Chicago. Without the benefit of a tertiary education to understand how the forces of capitalism and economics are meant to work, all I know is the inner workings of Wall Street have sickened me for many years. Maybe the 1985 movie, “Wall Street” still resonates inside of me. It probably started twenty years ago when I noticed as companies restructured and laid off employees, their stock price catapulted up in support of those measures. Last month in my blog I facetiously predicted the government would end up owning the banks and who would have believed two weeks later my prophecy was virtually on the money.

On top of enjoying just a high school education, I am no clairvoyant or tarot card reader either, but this little person, as the “late queen of mean”, Mrs. Helmsley would have described me, tried to tell the world for years America was substituting competition in the marketplace with the acceptance of oligopolies taking over key industries. Examples; pharmaceutical, oil, mineral exploration and extraction, and finance. Once banks were regional, now four banks; Citi, B of A, Wells Fargo and J.P.Morgan dominate commerce. Oil is now in the hands of Exxon, Chevron, Shell and BP. In America Pfizer and Merck dwarf the next biggest. Two Anglo-Australian companies, Rio Tinto and BHP control all the minerals; bauxite, copper, coal, nickel, iron ore and are huge players in gold.

It was only a natural progression if Bush and his clan kept on enacting laws that promoted “less government” and further “freeing” market forces that commerce would run even wilder with further unabated defiance, greed and avarice. Now all my predictions since I started my newsletters fifteen years ago have come true. The Fortune 500 companies have decimated working America, the current Wall Street debacle makes 1929 look like a mere hiccup. Due to the greed of the pharmaceutical companies, aided and abetted by the healthcare industry, healthcare has been destroyed for tens of millions of Americans.

Is America a happier country today than fifty years ago? Of course the answer is no. Those scumbags working in the industries mentioned made fortunes out of stock options, bonuses, tax breaks and laughed at the working man for his ignorance and acceptance that in the meantime he was being taken to the cleaners. During this time, these same people and the ones on Capital Hill scoffed at Scandinavia and the direction their governments were taking their peoples. Who’s laughing now? No one in America, and that includes the very bastards who are responsible for what our nation has descended into. For me, I am happier than a “pig in slop”. Welcome to the new America, a welfare state whose greatest beneficiaries presently are banks and currently employed Wall Street executives and in the not distant future, when McCain is sent packing back to Arizona, the hard working American who shops on Main Street!

To all those filthy sods that ripped the average American off, in order to avoid jail, I suggest you emigrate to those tax haven countries where you have your money hidden. You will soon discover having a $billion and living in the Cayman Islands is no Utopia. If you stay home, face the music and take your jail sentence like a man.  I hope you all share cells performing the task of “bitches” to those you screwed on the outside and landed inside because of you!
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