Real Cause of High Gas Prices
There is so much talk right now about gas prices.
Who’s at fault? Is it President Obama for not drilling enough? Is it OPEC for price fixing? Could it be greedy oil companies?
There are many reasons being floated as to why gas prices are so high but there is one that you aren’t going to hear from most media and it is tied directly to the value of the dollar in your pocket.
While conservatives and liberals argue over taxes and spending in Congress, the Federal Reserve is stealing the value of the dollar in your wallet. The Federal Reserve has printed over $4 trillion every year for the four years, and they hand out this magic money to their friends on Wall Street. All these dollars flooding the economy make each dollar worth a little bit less.
Since the Fed was created in 1917, the value of the dollar has fallen 99%. That means $1 today can only buy as much as 1 cent did back in 1917.
Short URL: http://thepresidency.us/?p=12396
Posted by RobertButler
on Mar 2 2012. Filed under Barack Obama, Features, Video.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
