To: 1010RD
The devaluation of the dollar.
About 75% of the cost of gasoline is the cost of the oil necessary to produce it. Oil is traded in U.S. dollars. The Obama/Bernanke printing press has been working overtime not only printing money, but devaluing the dollar for quite awhile now. The cost of oil goes up as the value of the dollar goes down.
Same thing with all your groceries. The devalued dollar is a participant in that crime as well.
10 posted on
03/28/2012 2:45:42 PM PDT by
rockinqsranch
(Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
To: rockinqsranch
You’re absolutely correct.
36 posted on
03/28/2012 3:20:03 PM PDT by
1010RD
(First, Do No Harm)
To: rockinqsranch
The devaluation of the dollar.
About 75% of the cost of gasoline is the cost of the oil necessary to produce it. Oil is traded in U.S. dollars. The Obama/Bernanke printing press has been working overtime not only printing money, but devaluing the dollar for quite awhile now. The cost of oil goes up as the value of the dollar goes down.
Same thing with all your groceries. The devalued dollar is a participant in that crime as well.
The analysis was done in constant dollars.
37 posted on
03/28/2012 3:23:02 PM PDT by
aruanan
To: rockinqsranch
Debase your currency and commodity prices increase. The market knows.
50 posted on
03/28/2012 4:01:18 PM PDT by
FreedomPoster
(Islam delenda est)
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