Still trying to figure out how to drive my car with wind and solar. What freaks!
Here is another thing to think about. EVERYTHING that is plastic is made from a byproduct of Crude Oil. If we go to solar and wind for energy will it produce a byproduct that we could use to make everything that is now plastic.
It’s both IMO. The Obama/Bernanke devaluation of the dollar is why the Oil that is traded in dollars is so much more expensive today, as well the Obama policy disallowing us to drill domestically.
And why is the dollar weak??? Try Fed Gov trying to borrow by printing money and loaning money to banks to buy US Treasuries that are leftover after each monthly auction because private and foreign buyers refuse to buy. Deficit spending propped up by printing money to loan to private entities such as Wall Street bankers to buy left over US T Bills to prop up failing banks is the main drive why the US is printing money at the behest of the Fed Reserve. Consequence is very low interest rates for savers and inflation in all commodities such as food and fuel.
And why is the dollar weak??? Try Fed Gov trying to borrow by printing money and loaning money to banks to buy US Treasuries that are leftover after each monthly auction because private and foreign buyers refuse to buy. Deficit spending propped up by printing money to loan to private entities such as Wall Street bankers to buy left over US T Bills to prop up failing banks is the main drive why the US is printing money at the behest of the Fed Reserve. Consequence is very low interest rates for savers and inflation in all commodities such as food and fuel.
Gold and silver have of course been rising above the rate of inflation largely due to poor fiscal policies and the economic situation. By that standard, the cost of food, housing, etc., has been dropping rapidly.
Some of the increase in gas can be traced to the declining value of the dollar, but not the majority of it.
So yes, Mr. President - it is your economy causing it.
So I should just tell the clerk at the local gas station that due to the decline of the dollar, I am going to fill my tank but I am only going to pay you $1.75 a gallon instead of the pump price of $3.95. That will go over well. It doesn’t matter what the reasons are, I am paying more for gas regardless of the reasons.
The Bureau of the Mint better start designing $10,000 notes so consumers won’t have to bring baskets full of money to the store to buy a loaf of bread.
Does anyone know where I can get a wheelbarrow that looks like a giant wallet? Might need ot to carry bread money in.
Get Ethanol out of our gas.
Now that Obama is going to release oil from the Strategic Oil Reserve, where do the revenues from the sale of that oil go? Obama’s slush fund? The treasury?
Of course it’s not his fault. Obama found another thing to blame. Now, the question: who is to blame for the cheapening of the dollar? It’s not OBAMA, it’s the fault of the Federal Reserve. Obama had absolutely nothing to do with the Federal Reserve. All he did was appoint the head of the FEDS. I guess he has run out of people to blame, now he is throwing the FEDS under the bus. No, by golly, it’s not Bush’s fault, or the tsunami, arab spring, the hurricane, earthquake, tornados, etc, etc, etc. It’s now the FEDS fault. This man has become a joke for the rest of the world to see, and the joke is on us.