I read in the article 'World stocks down amid fears of deep recession', in yahoo.news
"World stocks fell sharply Thursday as fears of a deep global recession gripped markets and sent oil prices below $50 a barrel to levels not seen in more than three years."
How on earth could someone interpret that quote? A deep global recession gripped the markets. Markets in turmoil. Oil prices below $50 a barrel.
Right away, certainly by isolating these phrases, the meaning they carry, from the whole that represents global recession, recession experienced in many different ways the world over, who benefits from such a development? Oil prices below $50 a barrel, millions of motorists, to say the least, will take a breather from the recent onslaught of high prices in forecourts. I quote
"Oil prices have fallen 66 percent since reaching a record $147.27 a barrel in mid-July."
High prices thanks to what, in mid-July? Thanks to who? The much dreaded fall in oil reserves? Finite resources which are constantly depleted and can not be replaced, renewed?
None of the sort. Speculation has driven oil prices to soar. And oil-producing countries, a long-drawn euphemism here, which hides greedy individuals, out for the chance of a quick profit, despite the desperate pleading of governments and states to cut oil-production, they either sustained or increased output. And now that the crude oil prices are low, as this video announces, OPEC cuts oil output.
Despite any meaning given for the words 'speculators' and 'investors', in any dictionary, the meaning that makes sense, the meaning that is worthy, is the meaning carried in the minds of people, and that meaning yells that there is no difference between speculators and investors. It is a mask that you wear, which you easily replace with one another.
Lamenting about the 'poor' world stock markets, the wretches that call themselves human individuals, the speculators cum investors or vice versa, that their debased, spiteful, sordid perspective adapted, short of the standards befitting humans, fades away, to the remotest corners of their minds, virtually into oblivion, the wants and needs of human individual, humanity itself.
Cloud the minds of people, forcing their perspective upon them.
I would take further the conclusion reached by the author of the post 'Speculators are not "Investors"'
"Let the speculative "instruments" die so that our society can rediscover an economics founded on fundamentals that benefit real people."
Markets were, they are and continue to be in the grip of speculators. The sooner they fall, the better for humanity.
