Powder Blue Report

News, finance, politics, sports, and fun from the west coast

Wednesday, May 21, 2008

High Commodity Prices Draw Ire Of The American people

So I'm reading an article about a hearing yesterday in DC about how Sentors and Congressmen are outraged by rising commodity prices. Duh. People are pissed off that every time they go to fill up their tank and buy groceries, prices just seem to be creeping ever higher. Unfortunately for the American people, 99% of our representatives have no clue why prices have gone up so much. They think the rise is from us "evil speculators"(people like me and my clients). The rise is due to the value of our US Dollar falling off a cliff because of the debasement of the currency. When you print/create as much money as the Federal Reserve has for the last umpteen years, this is the consequence...higher prices for all commodities. The only way out of this mess is to get back to the what the US Constitution stipulates...only gold & silver are to be used for money. It's like Article 1 Section 8 of the Constitution doesn't exsist to these politicians.


Post a Comment

<< Home