Saturday, April 30, 2011


"Obama keeps up push to end gas, oil tax breaks"
"President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry. Drivers in 22 states are paying more than the national average of $3.91 per gallon. In Alaska, California and Connecticut, it's $4.20 or more."

$4B is a drop in the bucket, this is just fluff for the avg American, so it can appear like he's actually doing something.

The value of our $ is behind the rising prices of things, as gold and silver jump 2%, gold now at all time high above $1,550. OIL approaching $114 and REG $4 a gallon....the $4B tax break did not do this....the OIL companies did not conspire to destroy the $......our Gov't if not aware that FEDERAL RSERVE POLICIES is 100% responsable then you can thank them come 2012.

Unnaturally LOW interest rates held for almost 3 years, has taken the legs out from the dollar, commodities are not rising to the moon for NO REASON, they are all priced in $'s.

HUGE deficits make for a never ending stream of treasury priniting, add the FED balance sheet has gone from $800B to over $2.5 TRILLION......there seems to be no end in sight.

Is it ANY wonder that while we are experiencing in REAL STATISTICS the MOST FEABLE RECOVERY from Recession in history, that we are experiencing the fatsest most dramatic STOCK MARKET RALLY in 100 years and new highs in most the same time housing lays near dead uneffected.

There are lies and damned lies.....


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