Quote from: Biomech on January 30, 2015, 07:22:11 AM

Quote from: MrTeal on January 30, 2015, 12:33:35 AM

Quote from: johnyj on January 30, 2015, 12:18:22 AM

Quote from: MrTeal on January 29, 2015, 07:58:40 PM

It's collusion, and depending on how it's done it can definitely be illegal.
http://www.ctvnews.ca/business/multimillion-dollar-settlements-reached-in-lcd-price-fixing-class-action-1.2000656

Then OPEC must be carrying this illegal activity for several decades. And FED is the banking alliance to control and fix the price of the dollar for more than 100 years

There are a lot of people that do think OPEC is illegal, and the US Congress has rumbled every once in awhile about declaring it so. The Fed example is silly, that is not companies in an open market colluding to fix prices.

All the DRAM manufacturers could say "OPEC! The FED!" until they're blue in the face. It didn't stop them from getting hit with hundreds of millions in fines for price fixing.

Actually, the FED is structured as 12 PRIVATE banks. It is indeed price fixing in the closest to an open market there is outside of the "black" markets. It is probably the most protected monopoly in the world, currently, with the real, if not legal, power to tell it's supposed masters to get bent when they demand accountability.

The difference is the FED was established by an act of Congress. It's not supposed to be an open market.