"Crude prices rise as US dollar weakens" by Associated Press | August 29, 2009
HOUSTON - The effect of the weak dollar is again pushing oil prices higher in the face of little demand for energy and huge surpluses of crude.
So it ISN'T SUPPLY and DEMAND anymore, America (not that it ever was)!!
Since March, the dollar index, which weighs the US currency against a basket of foreign currencies has fallen nearly 12 percent. In that same period, crude has jumped 81 percent.
The dollar fell against the euro, the pound, and the Japanese yen yesterday and crude prices climbed higher. That’s because crude is bought and sold in dollars, so it essentially becomes cheaper when the US currency is weak....
???
The widening gap between the value of a dollar and a barrel of oil shows how much oil-based index funds have come to affect what consumers pay for energy. Oil prices threatened to hit new highs for 2009 this week, even though the government reported Wednesday that more unused crude is being placed into storage. The United States is also nearing the end of the driving season, so people will likely be buying less gasoline in the coming weeks.
The trillions of dollars the Fed and government have flooded into the economy?
That's why your dollar is tanking, America.
Oh, right; the propaganda line is that the Fed and Obama saved the economy with their debt.
--more--"
Of course, the PAPER TELLS US you would LIKE TO PAY MORE TAX, America!
"A narrower majority, 52 percent to 43 percent, back a cap-and-trade system; that margin is unchanged since June. A cap-and-trade system would set a ceiling for the nation’s greenhouse gas emissions, and it would allow firms to buy and sell emissions permits."
And SCREW YOU, Americans!
I'll never believe these liars again.
Related: China Comes A-Callin'
The Tim Geithner China Comedy Tour
Boston Globe Censors Geithner's CFR Appearance
Geithner's Arrogance Destroying Dollar
What is sad is that this has all been planned.
Goodbye, America.
