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To: SquarePants
(Excerpt) Read more at rightwire.net ...

Why not post it here?

3 posted on 04/23/2011 9:40:08 AM PDT by humblegunner (Blogger Overlord)
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To: humblegunner

No problem, Gunner. Here it is -

Oil is a global market, and it’s denominated in dollars. What that means is that, whenever anyone, anywhere, buys oil, they are doing so on the basis of its price in dollars. Right now, there’s no shortage of oil. Obama and the left wing are lying about that. In fact, Saudi Arabia’s talking about reducing the amount of oil produced, due to oversupply. Despite what Obama’s administration is saying, there’s definitely no frenzied rush for oil right now. So, why the sudden rise in oil prices?

The dollar. What’s really going on is that the dollar is crashing. Relative to other currencies. Relative to other commodities. And relative to oil. You may have noticed gold is pushing $1500 an ounce, and silver nearing $50, but you don’t pump those in your tank every day. Obama knows that, so he’s going after the lowest common denominator - the price of oil. Like every other dollar-denominated item anywhere in the world right now, including the bread I bought today at the supermarket, and the train ticket I buy every month, the price of oil is rising. More accurately put, the instrument we use to buy oil, gas, bread, gold, silver, and train tickets is going DOWN in value. And that’s because Obama’s monetary policy is devaluing the dollar.

This is no small threat to our national prosperity. Obama, Bernanke, Geithner, and the whole lot of them should be arrested for what they’re doing. The America that watches the mainstream news is about to get really angry at the commodity traders who are getting blamed for the rise in the price of oil, but the real villains are the henchmen carrying out yet another George Soros-led attack on a currency. The differentiating factor between this hit on the American dollar and Soros’ previous attacks on various European currencies is that this time, Soros has the ultimate inside man - Barack Obama.


10 posted on 04/23/2011 11:17:10 AM PDT by shibumi (Vampire Outlaw of the Milky Way)
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