So I guess if gas was $5.00/gal the “Global Economy” would be booming!
Yeah, whatever. The only thing booming would be oil profits. Everyone else would be paying 1/4 to 1/3 of their earnings for gas for their cars.
Any crash on the stock market will be the result of printing money like it was going out of style and dumping it in the market. Another government created disaster.
Gas prices went ballistic in the first 5 years that Obama was in office (from something like $1.85 to almost $4.00 for a time).
The banks and those who loaned money to energy companies loved it. Russia loved it. Iran loved it. Venezuela loved it. Energy stocks loved it.
If you or your spouse lost your job, or your wages were flat - you were largely screwed over, and then Obama's Bureau of Labor and Statistics told you that energy and food prices don't count towards inflation estimates - so there was no inflation! Life is grand!
Any crash on the stock market will be the result of printing money like it was going out of style and dumping it in the market. Another government created disaster.
Exactly.