$100 a Barrel

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Breaking News from ABCNEWS.com:
Cost of a Barrel of Oil Exceeds $100 for the First Time Since 2008 [1:30 p.m. ET]

— Steve Clemons

Comments

2 comments on “$100 a Barrel

  1. Vi Stephens says:

    When several countries are no longer using the US dollar for the international currency of choice, this is exactly what happens when all the “printed from thin air” greenbacks come back to cause this country big-time inflation.
    And this is just the start of a huge inflationary swing in every product and service.
    Millions upon millions of barrels of oil worldwide are already being traded in currencies other than the US dollar.
    And it will get a lot worse quicker than most realize when China starts cashing in their billions of US Treasury notes.
    The Pols and talking heads will blame everyone and everything on the soon-to-be super inflation except the real answer — Congress has been constitutionally irresponsible (actually treasonous) for not overseeing the currency.
    When they gave control to the national and international private owners of the Federal Reserve banks, the resulting fiat money is the dagger that will kill the US economy and forever ruin hundreds of millions of lives.
    Hey, buddy, gotta a sawbuck for a cup of coffee?

    Reply

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