“Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame?”
“Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal Reserve System. The Federal Reserve is charged with controlling inflation through interest rate manipulation, however, many fail to realize that creating money, and therefore inflation, is really its only tool. When the Federal Reserve inflates the dollar as drastically as it has in the past few decades, the first users of the newly created money go in search of investments for their dollars. They must invest this money quickly and aggressively before it loses value. This causes certain sectors to expand beyond what would naturally occur in the free market. Eventually the sector overheats and the bubble bursts. Overinvestment in dotcoms eventually led to a collapse of the NASDAQ. Next we had the housing bubble, and now we are seeing the price of oil being bid up in the creation of another new bubble. Investors are now looking to commodities like oil, for stability and growth as they pull capital out of real estate. This increased demand for investment vehicles related to oil contributes to driving up the price of the actual product.”
[Source: Libertarians for Ron Paul - Posted by WARONYOU]
Wednesday, June 25, 2008
Rising Energy Prices and the Falling Dollar
Monday, January 28, 2008
Romney Gains In Florida
http://www.openleft.com/showDiary.
"Now that Obama seems to have made February 5th very, very interesting for Democrats, it would be only fair for Romney to do the same for Republicans. Fortunately, he seems to be obliging, as three Florida polls released today all show Romney gaining. Zogby now shows a 30%-30% tie, while yesterday McCain lead 31%-28%. Insider Advantage shows Romney ahead 26%-24%, whereas yesterday it was a 23% to 23% tie. Rasmussen shows Romney extending his lead to 33%--27%, whereas three days earlier Romney only led 27%-23%. In fact, the last four polls conducting Florida tracking show the state moving from McCain 25.5%--23.5% Romney, to Romney 29.3%--27.8% McCain."
Sunday, January 27, 2008
Censored Quotes from 3 Great Leaders(MLK,JFK,RP)
We been warned its time to act. America is waking up to the lies. God help us.
