2011-04-22

Bernanke, US Dollar and Oil Prices

Obama and Holder are forming a "task force" to investigate rising gas prices. Laughable and ludicrous. Oil is priced in US dollars, Bernanke prints dollars to monetize US debt, US dollar weakens. Voila! Gas prices rise. It's not that hard. Red line oil prices, blue line US dollar.
http://www.cbsnews.com/stories/2011/04/21/politics/main20056202.shtml