Our Next Fed Chair, A Proven Fighter for All Americans: Sheila Bair

As featured on The Huffington Post: Phil Angelides is a man who should know. He served as Chairman of the 10-member bipartisan Financial Crisis Inquiry Commission appointed by the United States Government to investigate the causes of the 2007-2010 financial crisis which was to become known as the Angelides Commission. In a recent opinion piece in consequence…
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The Smoking Gun of Higher Oil Prices

As featured on The Huffington Post: There, in plain sight for all to read, the highly influential New York Times, in an article about the manipulative speculation in ethanol markets and the obscure but phenomenally profitable ethanol credits (having skyrocketed more than 20 times in the last six months) and in turn its impact on the price for gasoline…
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Syria as Russia’s Oil Price Tool

As featured on The Huffington Post: The opening paragraph in the Financial Times‘ May 31, 2013 review of Thane Gustafson’s history of the Russian oil industry, Wheel of Fortune: The Battle for Oil and Power in Russia, says it all: In no other big economy do oil and gas play such a vital role as in Russia. They account…
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France’s “Cri de Guerre”

As featured on The Huffington Post: Ironically it is America’s first ally, France, that has held firm to the precept of holding the Syrian regime accountable for their slaughter of innocents in breach of international law by the indiscriminate use of poison gas, and at that the most gruesomely deadly agent in the lexicon of…
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Blatant Distortion and Manipulation of Oil Prices Laid Bare

Friday was a red letter day for the oil producers. In the space of three hours, from 9:00 a.m. to noon, the price of West Texas Intermediate (WTI) crude oil as traded on the New York Mercantile Exchange leapt from $104.30/barrel to $106.94/bbl., finally closing the day at $106.42/bbl. A staggering range for a commodity…
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JPMorgan Chase’s Culture as Economic Parasite

As featured on The Huffington Post: The culture of what we expect from banks is not overly complex. They are institutions meant to safeguard our deposits and are meant to anchor and enhance our economy by lending to viable businesses, finance trade and receivables, finance business expansion, help people purchase their homes, and where their…
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Egypt’s Darkness and Weapons Into Plowshares

As featured on The Huffington Post: America’s military aid to the current military government of Egypt is the focus of criticism from many sides. Here in the United States both Senator John McCain of Arizona and Lindsey Graham of South Carolina have called on President Obama to suspend all military aid to the interim government…
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Banker Lies and Misrepresentation — The Present and Lessons From the Past

As featured on The Huffington Post: Yesterday U.S. prosecutors accused two low-level JPMorgan executives with criminal charges of wire fraud and falsifying regulatory filings of risky and complex credit derivatives that led to the bank’s massive loses in the ‘London Whale’ scandal. JPMorgan, as do all banks, had the obligation to honestly report its assets…
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The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers

As featured on The Huffington Post: That banks are able to manipulate became clear as a bell with the findings of the Libor interest rate fixing scandal (“Everything is Rigged: The Biggest Price Fixing Scandal Ever” Rolling Stone 04.25.13) whereby some sixteen too big to fail banks were accused of colluding to manipulate interest rates…
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The Price of Oil Is Rigged

As posted on The Huffington Post: The U.S. oil market is well supplied, with U.S. commercial crude oil inventories near all time highs, with production of U.S. oil increasing by some million barrels/day from a year ago, with weekly inventory of gasoline jumping by 800,00bbls equivalent last week alone, while Chinese demand is flat to…
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VIDEO

BOOKS

At great cost and risk to the American and world economies, consumers are ripped off billions of dollars every day by oil interests and their malevolent influence on market pricing mechanisms...


There is a pervasion of misinformation clouding the public's understanding of how oil prices are really determined and the policies in place that have rigged the game to benefit the house dealers: the oil industry...


Oil is a commodity that is essential to the world's economic well-being. But it is also an industry rife with corruption. In OIL AND FINANCE, author Raymond J. Learsy chronicles the problems within the oil industry and details how these issues affect both US and global politics...

Longtime commodities trader Raymond J. Learsy explains the real reason behind today's outrageous gas prices by exposing the Mideast oil cartel and revealing how OPEC manipulates the oil markets-and, consequently, threatens the world's economy and American security.

BIOGRAPHY

Raymond J. Learsy, a graduate of the Wharton School, made his life in the fast-paced, risk-filled world of commodities trading, beginning in 1959. In 1963, he started his own firm and over twenty years expanded from the U.S. into Canada, the United Kingdom, Luxembourg, Brazil, and Pakistan, trading in an array of bulk raw materials and commodities, shipping to customers worldwide. In the 1980s, he shifted gears as a private investor, from 1982 to 1988, served as a Reagan appointee to the National Endowment for the Arts...