The Deflation Time-bomb

"The constant rate cuts and geopolitical jitters have sent gold skyrocketing. Since August 2006, gold has gone from $650 per ounce to $887; a whopping $237 in just 5 months. If that is not a indictment of the Federal Reserve and their “loosey-goosey” monetary policy; then what is? According to the Wall Street Journal “gold and oil have run almost in perfect tandem. The price of gold has risen 239% since 2001, while the price of oil has risen 267%. That means if the dollar had remained as 'good as gold' since 2001, oil today would be selling at about $30 a barrel, not $99.” (WSJ; 1-4-08)
That's right; the price of gas today is attributable to war, tax cuts and the relentless expansion of credit by the Federal Reserve---NOT OIL SHORTAGES!"

Comments

Bush Crime Family Crony Robert Gates a Shoo-In

Monday December 04th 2006, 8:16 pm “Robert Gates, the former CIA director and Texas A&M University president, is expected to easily win nomination as President Bush’s next defense secretary following a hearing today that is likely to focus on strategies in Iraq,” reports Express-News. Easy nomination, no matter the guy is a criminal, not to mention a blood-thirsty warmongering psychopath. Gates was at the core of the so-called Iran-Contra affair, but then it is business as usual in Washington, as the Bush administration is packed like a sardine tin with Iran-Contra criminals. Lawrence E. Walsh, the independent counsel in the Iran-Contra investigation, knew Gates was lying about his collaboration with fellow criminal, now respected Fox News talking head, Oliver North, the guy who wanted to suspend the Constitution and throw demonstrators in gulags under Rex-84. In 1984, as understudy and protégé of then CIA director-ghoul, William Casey, Gates wanted to bomb the dickens out of Nica

Legendary singer Tilahun Gessesse dies at age 68

Legendary singer Tilahun Gessesse dies at age 68 ADDIS ABABA - Ethiopia's legendary singer Tilahun Gessesse died at age 68 in his family home in the Ethiopian capital, family sources said. Perhaps the greatest modern musician whose star shone brightly during the golden years of Ethiopian music of the '60s, the 68-year-old iconic figure died Sunday on his way to hospital. A day earlier, Tilahun flew from New York City to Addis Ababa to spend Easter with his family. Reacting to the sudden death of Tilahun Gessesse, the Washington-based Radio Host Abebe Belew, also a close friend of Tilahun, said he was deeply shocked. "He was sporting a heatlhy look and was in good spirits when left for Ethiopia Saturday. On Sunday in Addis, we heard Tilahun was sick with "some burning" and was being rushed to a hospital when in the midst of all the chaos came in the news of his sudden death," Abebe said. "I wonder if there could be another Ethiopian who would live up to

As Israel bombs Gaza, it kills Palestinians in the West Bank too

As Israel bombs Gaza, it kills Palestinians in the West Bank too Mourners carry the bodies of three Palestinians slain by Israeli forces in Beit Ommar village near Hebron on 25 July. ( Mamoun Wazwaz / APA images )

be just

Search This Blog