Copyrighted Image? DMCA | A plummeting dollar is hitting Americans squarely in the gas tank, and economist think it could drive prices as high as $6 a gallon or more by summertime. Gasoline will have no problem getting to $6.50 a gallon over the summer after increased demand and storm disruptions come into play. Gasoline prices haven't needed any help so far from other events--the moves by the Fed to keep interest rates in negative real terms are enough to boost energy by themselves. The weak dollar is responsible for one-third of the total cost for a gallon of gas, a barrel of oil should be closer to the $65 to $70 range if priced properly. That's exactly where it would be if we weren't crumbling our currency. FED CAUSES INFLATION RAISING PRICES ON EVERYTHING MAKING YOUR DOLLAR WORTHLESS Inflation is a direct result of the actions the Federal Reserve has taken to pump liquidity into the market.... |
Read the rest of the story HERE:
At generalstrikeusa.wordpress.com
At generalstrikeusa.wordpress.com
