Disclaimer: The intent of this blog is to piss you off. There will be some vulgarity in this post. I want you all to be as pissed off as I am. I vehemently against the Federal Reserve and we need a new system of printing our money supply.
Its really not what you think to tell you the truth. I know that the Middle East crises-mainly Libya- has caused some uncertainty in the Oil market. But the fact of the matter is Libya is the #9 Oil Producing nation in the world. Russia, Saudi Arabia, and the United States are the Top 3 Oil Producing nations in the world.
Yes the Middle East is the scapegoat and always will be the scapegoat in instances like this. But the problem is QE 1 and QE 2. The purposes of Quantitative Easing is to devalue the dollar to make our exports cheaper for foreign nations to purchase and make imports more expensive for Americans to buy.
The problem with that philosophy is that we are seeing the prices of commodities worldwide skyrocket in value. Everything between precious metals to produce commodities are up. And Oil isn't any different.
Another problem with devaluation of our currency is that it forced other nations to do the same. We are in the mist of a currency war folks.
The Federal Reserve is destroying the Dollar. I hate to say this but things are going to get much much worse, before they get better.
What are we all going to do when our groceries get to the point we can't afford to purchase them? Inflation caused the food crisis in the Middle East-which ultimately caused the wave of Revolutions in the Middle East in the first place.
We are going to see 4-5 Dollars a Gallon at the pump sometime this summer. We are going to see very expensive prices at our grocery stores some time this spring to summer.
I really want our news stations to stop blaming the Middle East for the spike in gas prices. Its fucking disingenuous. Blame the Federal Reserve for crying out loud. They caused this mess. While we're paying higher prices, these rich motherfuckers are banking profits. Inflation is the hidden tax.
You want me to piss you off more. When the banks got bailed out in 07-08, the Federal Reserve bailed out off-shore banks. The Fed shipped off Billions of your money to off-shore banks.
Our monetary system is failing folks. And I want everyone to be prepared for the possibility of the Dollar Collapsing. Learn how to barter with your neighbors. One of you needs to grow tomatoes and cucumbers while the other grows lettuce and broccoli. Those are just examples for y'all to follow.
I hate to say this, but unless the Fed raises interest rates to 15-20%, its game over.