Morgan Stanley, Goldman Sachs Want Out of Commodities

24/7 Wall St.

aluminum cansBig banks that once made big bucks in physical commodities markets are now looking to pull out of those markets as new rules regarding capital requirements for those physical holdings take effect. The Federal Reserve has been reviewing its policy and is considering imposing a surcharge on bank-owned commodities and warehouses in an effort to get the banks to reduce their investments in the risky and volatile commodities trading business. The comment period on new rules just ended and a decision is expected later this year.

Morgan Stanley (NYSE: MS) has already sold its global oil-trading business to Russia’s OAO Rosneft and now is seeking a buyer for its stake in TransMontaigne Partners L.P. (NYSE: TLP), a pipeline and terminal company with operations in Texas and the southeast United States, as well as along the Mississippi and Ohio rivers. The bank owns the general partner of TransMontaigne Partners and 20%…

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Debt Slavery for Your Children

#AFN2014 – Nice well written post on debt and slavery, these are things of the past coming back to haunt our future! #mustread

Chastisement 2014

Majoring in Debt

HELPby J. Speer-Williams – Jsw4@mac.com

First, the establishment mandated that all American children had to attend twelve years of indoctrination – the inculcation of statist doctrines in free public schools.

Then, many of our high school graduates, who could no longer think critically for themselves, believed they should attend college, despite the shockingly outrageous personal expense to themselves, creating a debt that is likely to follow them for the balance of their lives.
College tuitions have risen one-thousand percent since 1978, which is four times the rate of inflation or healthcare costs.
Unless we discontinue this lethal one-two sucker punch of free public schooling that doesn’t teach our students how to think critically, followed by the absurdly high cost of secondary schooling, we will have generations of Americans who cannot think for themselves and will be debt-ridden for the rest of their moral lives.

Debt-ridden for the…

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