You Would Think I Would Be Happy About This… But I’m Not

Posted: April 17, 2012 in Technology and Business
Tags: , , , , ,

Unbelievable.

Obama just announced a crack down on oil manipulations… which should be great news.

But it’s not.

Why?  Because he just can’t do anything without spending a ton of money.

He has four points to his proposal… the fourth being raise the margin requirements… which will cost nothing… and, as was the case with silver, can be effective in the short-term.

But Obama can’t help himself… he has to add a bunch of unnecessary and ineffective bureaucracy… to the tune of $52 million!

Ridiculous.

Just raise the margin requirement.  To 100%.  That costs nothing.  And if a relatively small handful of investors want to mess with one of the most strategic materials to life on the planet, then they should be prepared to own it outright.  Period.  Stop the monkey business.

Advertisements

Comments are closed.