> John Wright wrote:

>> Boltar wrote:

>>> On Aug 13, 11:31 am, John Wright pegasus.f2s.com> wrote:

>>>> Indeed, one speculator was interviewed recently and he appeared to
>>>> convince both himself and the interviewer that speculation - pushing
>>>> the
>>>> price of food etc. ever upwards - was putting food in the mouths of the
>>>> starving. Huh!

>>>
>>> Speculators are nothing but parasites. There should be rules that to
>>> buy raw goods such as oil or foodstuffs or even agregates you must be
>>> either a processor or distributor - ie that you have a valud use for
>>> them and you're not just going to sit on them until the price goes up
>>> and sell them on.

>>
>> Indeed, there is a program on Radio 4 tonight about this. The argument
>> people use is that since there's no money to be made in the housing
>> arena since the sub-prime credit crunch hit profits there, any
>> speculation has moved into oil and food. No surprise on the timing of
>> the massive price rises there then.

>
> Correction, that's tomorrow night not tonight. My mistake....
>