Positive trade? Really?

According to Joe Bruno, an AP business writer, 'bargain hunting in the trade market today sent shares up then soaring downward only to creep up slowly toward the end of the day.' Yet it was called a positive trade and say we could be headed for recovery. Really?

Well, Ford motor Co. in its' report stated that sales dropped sharply in June. That does not sound like a recovery to me.

Oil rose again in record high levels. That does not sound like a recovery to me.

And according to Scott Mayerowitz a member of the ABC business news unit, during these hard times, as companies cut back like the airlines and cell phones so does the customer service. That does not sound like a recovery to me.

And many of the free-bee stuff that you used to get in some industries like the hotels and motels, will now cost you.

The associated press economics writer, Martin Crutsinger concerning the continuing slump in housing, he stated in his money news report that for the 11th time in the past year construction spending fell in May. In fact 'home builders have been frantically slashing back on their production in the face of the worst slump in housing in more than two decades.' That does not sound like a recovery to me.

And with all the news articles written on the oil, whether it was demand or speculation to blame for the oil hikes, another article was there on the news again. Yep, this time it was Barbara Lewis who claims that it is demand not the speculation on Wall Street that is responsible for the price hike. Hmm, I wonder. Were any of these news reporters around in the 1970s'.

Remember that time in history, During the Nixon and Ford years when they claimed that it was DEMAND that drove the price of oil from .25 cents a gallon to $1.40. Oh, you were not born yet. Well let me inform you of REAL HISTORY. You see a few of the OIL people in TEXAS got together and on paper transferred the ownership of oil from family member to family member to in-law to cousin. That process created a shortage on paper. But there was NO real Shortage nor was there an Increase in demand. However, there were long lines at the pump, the price jumped from .25 cents to .50 cents to .75 cents to $1.00 in a very short time. By the end of the three years the price jumped to $1.43 per gallon. But it wasn't until Carters time when an investigation of the Oil shortage and demand revealed that there was no shortage at all and that the demand was never increased. There were government hearings and a trial. There was serious talk of sentencing and jail time. But then Reagan became president and then Ronald Reagan slapped the American Citizen in the face when he gave clemency to the OIL people from TEXAS. And anyone who refuses to believe it, was either not born yet, or is still in denial. Do your own research in the Libraries your self. Scan all the old news articles of the time. Yep, the Oil People got the American Citizen to believe that Carter was a bad president, but in fact he was the only American president who went after the Oil People of Texas when they had the power. I wonder if any other American president could ever have the courage to take on the OIL PEOPLE who are now in control of the global economy.