Originally Posted by franksargent
Am I the only one to notice that the price of a barrel of oil started to "skyrocket" after
"we" invaded Iraq?
Oh, and in passing, this is one lifelong Democrat who has always supported nuclear power development here in the U.S. Always have, always will.
The price of oil has skyrocketed since the Fed/US dropped its interest rate to 2%. Why did they do this?The blame for which can be levelled in 3 places. The Fed/Republicans/Speculators.
They dropped the interest rate because there was a credit crunch.The blame for which can be levelled in 3 places. The Fed/Republicans/Speculators.
Why was there a credit crunch? Because the interest rate was too low for too long, Financial markets were deregulated and too many people had access to too much money.The blame for which can be levelled in 3 places. The Fed/Republicans/Speculators.
Why was the interest rate too low for too long?The blame for which can be levelled in 3 places. The Fed/Republicans/Speculators.
Because people had to be bought to support an illegal war and the economy had just crashed following the dot.com bustThe blame for which can be levelled in 3 places. The Fed/Republicans/Speculators.
So there it is. The Fed/Republicans/Speculators.
The primary cause of all the problems in the world.
This worldwide economic disaster could be averted tomorrow, if the fed increased the interest rate to 5%. Problem solved.
The dollar restores its value, oil futures crash, inflation ceases, food production returns to normal. Crisis averted.
But you all cry....my mortgage, my home, me,me,me...TOUGH SHIT You are going to lose it anyway
, if you havn't already - because the world is headed for far worse times than the depression of the 1920's if things stay as they are.
Face it, you should never have bought it - because you fundamentally could not afford it in the first place. You were greedy, listened to the wrong people who would only ever tell lies for their own gain.
Having a low interest rate is not helping you meet your commitments, it is adding to the problem and prolonging the suffering.
There is no oil shortage, there is no solution by drilling ANWR.
This crisis has been caused by nothing more than intentional manipulation.The blame for which can be levelled in 3 places. The Fed/Republicans/Speculators.MARCH ON WASHINGTON AND THE FED AND DEMAND INTEREST RATES BE RAISED TO 5%