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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Everyone who posted an opinion here so far about why "the price is to dam high"for gasoline is completely off the mark. And I am feeling very charitable this morning....
Don't U get it......Havn't you ANY OF YOU been paying attention to THE MONETARY POLICY OF THE FED and its institution of QE2. Bernanke and his BOYZ are PRINTING 600 B USD and buying US T Bills with the NEWLY CREATED MONEY.
WHAT THIS MEANS FOR YOU AND EVERYONE IN AMERICA..is that you are going to be paying higher prices for EVERYTHING YOU CONSUME FROM NOW ON END...all the while home prices, wages etc all either decline or stagnate....and btw that is not my opinion but that of Rick Santelli of CNBC.
While the USD has even increased vs the Euro and other currencys this past year it is DOWN as benchmanrked against commodities...it will continue to slide in the coming years. THe US has embarked on a monetary policy of printing money as a solution for the deficit and debts being incured by not only the current adminsitration but previous adminsitrations. This is the same monetary policy of Weimar Germany where it took a TRILLION MARKS to mail a letter. Think it can't happen here in the USA, we are specail we are different, well let me clue ya it is happening here...and you can now see it at the gasoline pumps..and this is only the begining.
WELCOME TO FKING HE11 BOYZ..this is what YOUR govt has done for you lately!
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"Some Observer"
Last edited by tabs; 12-31-2010 at 09:01 AM..
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