[11th_VA]

In its weekly report, the Energy Department said crude inventories increased by 2 million barrels to 368.2 million barrels for the week ending Oct. 29.

Inventories increased and the price went UP !!!

I'm not giving financial advice, but thank God I'm heavily in commodities ...

[jessduntno]

“Inventories increased and the price went UP !!! “

Strap in, we are in for a bumpy ride.

[11th_VA]

PS - That chart is how much it costs (In Dollars) to buy a crappy Euro ...

[taxtruth]

Are Americans this GD DUMB?No election will do anything until the federal no reserve is OUT of America.They are running this country.Andrew Jackson would puke at what politicians have allowed!OUTLAW fiat money!Dumb dumb dumb!America is a bankers cash cow idiots!

[Tzimisce]

This is what happens when the guys at the switch don’t know what they’re doing.

[Uncle Miltie]

So my European vacation in August was well timed!

[Hoodat]

Here’s the worst part - the ONLY cure for inflation is unemployment. So once inflation kicks in, it will take a heavy round of high unemployment to eliminate future expectation of inflation.

[beagleone]

Australian dollar just crossed the parity mark too.

[April Lexington]

Let me see if I understand the theory here... devalue the dollar (fancy word for inflation) folks go broke because they can't afford to live. Then the economy gets better? Brilliant, Krugman. Just brilliant. Your bearded sock puppet at the Fed is, to be frank, a moron.

[April Lexington]

One can only assume, after studying this matter, that our goose is cooked and that this is the last political gasp of The Failed Obama Administration©.

[April Lexington]

When supply is up, demand is relatively constant and the price is going up, it can only mean the value of your dollar is going down. Zimple, no?

[blam]

RUBINI: QE2 Will Be Followed By QE3 And QE4 And None Will Stop World From Going To Hell In Handbasket

[untrained skeptic]

I doubt China is going to take our complaints of currency manipulation by them seriously considering what we are doing.

Our government is worried about inflation being too low. With low inflation your money buys more, but it is harder to pay down the debt you've built up. The government would also like to pay back it's own debt with dollars that are worth less because they have printed more.

It just hurts people who have a lot more savings than they have debt. Obviously our government doesn't care about such people. It's those up to their ears in debt and who are dependent on the government that are their favored constituents.

[who knows what evil?]

Looks like the USA needs to have a yard sale...drill and dig.

[Right Wing Assault]

I’m surprised the headline wasn’t:

“Oil rises above $85 after major Republicans gains in Congress”

[Leftism is Mentally Deranged]

The fed has reduced the value of the dollar. The media will NOT let the public know this. Prices will go up. Simple minded individuals will confuse the rising prices with rising prosperity. Democrats and media types will crow that the economy has recovered.

[PatriotGirl827]

bump for later

[Revel]

Congress had better put a stop to Weimar Germany Ben. He is destroying our dollar, or savings, And much more. All to save his banking buddies.

I wish I had bought lots of Gold.

[GOPJ]

Can inflation be far behind?

[Chode]

and America takes another one in the........
rlmorel

[GeronL]

Anticipating the drop in dollar values I expect