This is an issue with many markets for goods and services, especially oil and even precious metals. My belief is that this is a method by which the dollar is being propped up as a continued viable global currency, a safe haven for investments. But every fiat currency crashes following inflation and devaluation. And we are probably nearing the end of the life cycle of this one as well.
EconMatters: Since the Global Community all the sudden seems to be preoccupied with Market manipulation even though the authorities knew it was a problem for over 5 years with Libor Rate Fixing. It is high time authorities look at the Crude Oil market which has been(...)
Read the rest of Forget Libor-Gate; Why Oil Market Manipulation Is Far Worse (XLE, SCO, UCO, USO)
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