I receive some e-mail and they said they aren't from US so what Bernanke-Paulson-Bush did has nothing to do with them. They are wrong. All the average people that no from US will greatly suffer from the stupidity of US lawmaker.
The US lawmaker keep lowing the interest rate, increasing money supply and continue to borrow money from foreign government using T-bill will destroy the US dollar. Well, you may not hold US dollar but all the major commodities in the world are in US dollar term.
For those of you who still believe that price of crude oil rises from 20-30 dollar per barrel all the way to 147 US dollar per barrel is because of demand from China and India, you are absolutely wrong. Some of my friend even said the Olympics event in China will greatly increase the demand for crude oil.
At the same time the prices all major commodities in the world skyrocketed. eg. wheat, corn, soybean, soya oil, rice, gold, silver, platinum, natural gas, coffee, cocoa, sugar, cotton, orange juice, cattle, pork bellies and lean hogs. According to some officical sources, it's because of high demand. First of all, how can the demand for all these product increase all at the same time? Secondly how can the world increase demand for these commodities when US economy is in deep trouble?
Obviously it is not supply-demand thing happen around. The prices of all those commodities skyrocket because of weakening US dollar as all the major commodities in the world are in US dollar term.
So next time when you wanna pump in "expensive" gas, you know whose fault is that!!!!!
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