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Hello Rick and friends
Economics, religion and politics are touchy subjects so I will try not
to incite anyone.
I deal in import-export acivities daily and trade is a world of
manipulation, distorsion, lies and deceit almost like traeading thru a
minefield.
On most B2B internet sites like ALIBABA 99% ofr more buy or
sell offers are bogus.
It isnt much better in other forums.
Believe it or not, Nigeria and neighbors are not the
biggest offenders. The USA has its share. Oil products like JET FUEL
(Colonial Grade JP54, JPA1, etc) and DIESEL FUEL *D2) are mainly sold
out of Russian Federation producers to the world secondary market
through chains of resellers including hedge funds and speculators. End
price is not so much supply and demand as who manipulates best? PLATTS
reports average prices but actual deals are often heavily discounted.
Even Middle Eastern interests speculate in Russian oil! We currently are
involved in such a transaction involving potentially 1 million metric
tons per month! The USA and other governments distort things too by
changing the fiscal transaction requirements to suit their purposes.
Prices at the pump are not driven by supply and demand in my
opinion.
I currently do not vote in any election in any country in the world.
There are many levels of reasons for that posture.
However I will venture my opinion that the USA and most of the World's
current economic problems will not be fixed by any political entity
until a true global "economic correction" occurs very soon. The
proverbial "house of cards" is falling down; it just hasn't hit bottom
yet. It will not be easy or fun. I hope I am wrong. But that is my
current opinion.
Good luck to all and meanwhile, "Lets enjoy the Ferrari
World"!
Ciao
Dale
"What is at a peak is certain to decline. He who shows his hand is
certain to be defeated. He who can prevail in battle by taking advantage
of his enenies doubts is invincible."
Chinese quotations attributed to a famous leader in the
Three Kingdoms period.
Cao Cao later named Emperor Wu of Wei postumously.
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