Forum Post: We need to Demand an End to Speculating on our necessites!

Why have grocery costs grown so high? Just normal inflation right? Think again.

Goldman Sachs has caused this!

Goldman Sachs and other bankers are gaming the system, driving the costs of commodities higher and higher with a derivative they made up just for this purpose “the Goldman Sachs Commodity Index”…just to make themselves more money.

Then there is Koch driving up the cost of oil...First oil derivative is introduced to Wall Street by traders at Koch. Koch Industries executive Lawrence Kitchen devised the “first ever oil-indexed price swap between Koch Industries and Chase Manhattan Bank. http://getsmartnews.com/news/243459

Why are we allowing this to continue? People are starving all over the world because of this rise in food costs. It is absurd to allow them to game our necessities.

The president of Argentina recently spoke of this:

"Argentina does not intend to present itself as a model or an example for anybody, but we do intend to reaffirm the need to formulate clear rules regarding the transfer of capital, regarding financial speculation...

"When you look at the growth of global financial stocks as a proportion of global GDP, that is, of the goods and services we produce as a group of citizens and businesses around the world, you can clearly see why we are dealing with a world in which there seems to be no brake on speculation... There is a formidable spread between what we produce, and what is in what I call the 'Enter' economy, because in fact if we try to find those assets, it's just a matter of hitting 'Enter' on a computer and they are transferred from one place to another, from one currency to another, producing volatility such as has never been seen in the markets, as well as recurring crises where the stock markets rise and fall daily, creating a destruction of thousands of jobs, but also phenomenal profits which somebody carts off...

"Unfortunately, we are in the same situation [as two years ago], because other than changes which I characterize as entirely cosmetic, nothing of substance has been done about needed regulation... And when these political transformations occur as a result of great economic crises, there are experiences that I won't mention, where totalitarianism has arisen many times during the 20th Century as a result of crises that have not been adequately solved based on politics."