Banks Are Starving People to Death
The current spike in petrol prices is not primarily a result of anything to do with the freedom fighters in the Arab world. Nor is it a result of OPEC’s production levels. Rather, the spikes are primarily a result of the speculative market on oil. This speculative market is driven by the practices of the biggest banks, who have special exemptions to treat commodities like a casino, who have zero incentive to appropriately hedge their bets, who do not provide the liquidity they were designed to provide, and who generally provide nothing of value to society except to push prices of things higher and higher so that very rich people will continue to invest with them.
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