fedup in California

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  • How Much Worse Can It Get For Oil?
    The price of Oil is quoted, traded, speculated in US Dollars! This is a big problem with our devalued currency and the resulting escalation in world markets. This is why the rest of the world wants to get Oil off the dollar and on a more valued exchange: IE the Euro.. in order to stem the speculation of investors wanting to get away from the US PESO ($dollar)
    May 08 14:03 pm |Rating: 0 0 |Link to Comment |View article
  • How Much Worse Can It Get For Oil?
    It is all about the dollar! Tax cuts for the rich, corporate welfare, and the resulting transfer of a surplus budget to a deficit spending economy is the underlying issue. Why in the world would anyone want to buy US Treasuries, or the US dollar when there is no full faith and credit existing to back it up. The banking system no longer runs on a policy of having assets to back up lending! It is no wonder investment is going after hard assets commidities like gold, corn, and oil. Sorry but the theory of Trickle down Economics just does not work folks!... We can drill all we want in Anwar but until we turn our US deficit around this thing will just get worse!

    May 07 13:40 pm |Rating: 0 0 |Link to Comment |View article

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