Chaos Capitalism or What your ETF has been up to

[pscot]

Commodity ETFs are rapidly becoming a malicious virus breeding chaos in the global markets pricing all commodities: food, farm lands, metals, oil, natural gas, livestock, water and other natural resources are the assets under commodity derivatives and their ETFs, pricing that's now controlled more by Wall Street speculators than the weather, adding wild swings in volatility and trillions in global derivative risks.

And once again the usual suspects, the Goldman Conspiracy of Wall Street Banksters, are in the lead.

Today, Wall Street is making a killing on commodity ETFs. And yet at the same time they are rapidly accelerating global market conditions that'll eventually kill the goose that laid their golden egg, those high-profit-generating commodity ETFs. But unfortunately this new ideology, Chaos Capitalism is rapidly moving past economic pricing wars into military conflicts, a trend the Pentagon predicted years ago, an ever-increasing cycle of global wars over increasingly scarce nonrenewable commodities.

There's more at the link.

http://www.marketwatch.com/story/commodity-etfs-toxic-deadly-evil-2010-08-03

[villager]

1. Unrecc'd already by some stealth Wall Street apologists!

n/t

[truedelphi]

2. I was just watching C Span and they had several economic experts

testifying before some Congressional subcommittee, then the subject started to revolve around the fact that since Greenspan's days, our economy has been bolstered, not by manufacturing, but by "bubbles."

The Merger Bubble of the Nineteen Eighties, the Dot Com Bubble of the Nineties and then the Housing Bubble of the Aughts, and now the Big Bank mergers and the Commodity trades/derivatives bubbles.

Nations that desire truly sustainable economies for their middle class typically try and have their economies depend on manufacturing or else on long term returns, not the short term returns of a "Bubble" society.