Something is up!!! Repudiation of the dollar!!! Its started!!

I should also add that the reason we are dependant on foreign oil is becuase the money printers want it that way. This enables them to export freshly printed dollars for oil completing the distribution of inflation. Thats why there has been no increase in green fuels and energies and why we are not utilizing and outright depressing our vast natural gas reserves. It's all about zee dollar !

I don't think so.
Because this is not a normal cycle of business there is
NOTHING to put pressure to raise wages when so many
people are out of work.

That means it's stagflation. The worst of both worlds.
Higher prices in conjunction with lower wages.

yup..

And one more thing. It is also the reason that they are using more additives and ethanol in gas so that you get less and less mileage as the world uses less and less oil.
It keeps consumption up while it goes down Hu ?

As we go, you go.

Sleep well behind the security of that 50,000 troop army of yours, cupcake.

About a 25% increase! That is just huge! I have never heard of gas prices shooting up like this in February... Thats why "something is not right here"

was it .80 cents or 80 cents?

Gas has gone up because Oil has been at $95.00 per barrel since the first part of January...

Oil is up $10 in the last two months...

I agree.. But thats just a bit over a 10% increase in 2 months... The gas in my area is up over 40% in 2 months..

Are you freaking bat shit crazy? This is freaking FEBRUARY.........not summer.

SHILL ALERT!

But notice the spread between Diesel and Gasoline has shrunk...

For over a month the entire increase in fuel prices has been laid off on over the road haulers, but now they are probably beginning to see some inflation from that, so they are shrinking the disparity between Gas and Diesel and now the consumer is paying at the pump instead of the shelves at Walmart...

They do this with food prices as well...they go up one time, then the next time they shrink packaging, then the next time the go up again...simple psychology, get you used to it in increments...

And I agree with you that the dollar is losing value at a staggering pace, but I don't think the end is here...yet.

Last Edited by Saddletramp on 02/16/2013 10:17 PM

Oh, come on. I'm watching this thread and I can tell you that I, of all people do not think ANYTHING is OK in this fucking country right now.

But on that same page that says:

Wow 5.19!!!!!!!

There are also an equal number of places that are 3.75 a gallon and thereabouts.

There's enough real doom here, no need to exaggerate like all the gas is 5.19 a gallon everywhere. It's not.

Last time we paid these prices at the pump, the price of oil was pushing $150 a bbl. That's a lot of loss in buying power in just 4 years.

I was just illustrating that someone was actually charging $5.19 cents...

Great point... Now a barrel is 95 and we are at $4/gallon... What will we be paying if it gets back to $148/barrell- $9/gallon?

Iran sanctions kicking in.

Back to sleep... Everything is just fine AC, your dollar is just fine.. Nothing to see here...

I agree, but you can also thank government for that, because in that time gasoline taxes have gone up, and regulations on carbon emissions have been extremely costly...

But I state above, I acknowledge the dollar is losing value by the month, I just don't think the end is here quite yet...

We'll see how the markets react next week...a week shortened by Presidents Day!

One thing I can tell you for sure is this...beware the Ides of March, Q1 2013 is going to be even more dismal than Q4 2012, and they will start to get a feel for that from Q4 Retail reports in March. That means we're in a double dip depression with no real recovery in the middle, at least not any generated by anything more than Government Debt, so the Markets will have to pay attention to that...

Last Edited by Saddletramp on 02/16/2013 10:28 PM

check out this chart

[link to www.chicagogasprices.com]

One of our local Citgo stations changed over to some other company a couple of weeks ago. I wondered if it had anything to do with Hugo Chaves oil.

That and they just devalued their currency!

very rude, op was just writing posts.

do you think all bloggers are mentally ill? anybody broadcasting without feedback is mentally ill?

also you make the common asshat mistake of using the wrong term:

schizophrenia does not imply a "split personality", or "multiple personality disorder" (which is known these days as dissociative identity disorder)

Bankers to form a World Government and Global Economy

[link to goingglobaleastmeetswest.blogspot.com]

Yep. There is a good chance as money floods into purchasing of commodities as a hedge, that it could
go back to $150 bbl. And we will probably pay about
$7.50 to $8.50 a gal.
But, a lot of this discrepancy is due to state taxes
starting to skyrocket.
I don't know about you, but for me it's a one way street.
I don't get anything for my tax money.

They don't even have huge defense budgets so, they must be rolling in the dough, with higher state sales taxes,
with this inflation, gas taxes raised a lot also.
Income taxes to them, they get lottery more and more.
There used to be about 5 scratch offs. Now there are 50!
Then 6 drawings a week probably.

They aren't shoulding the unemployment and food stamps all by theirself and my county taxes pay for schools so,
these are the buzzards circling that get on my nerves
trying to pick our bones.

Cushing oil storage is FULL and has been for years, no shortage.
Your getting screwed is all,read up. [link to www.businessweek.com]

Short answer: The precious metal markets are rigged.

Longer answer from what I've read:

The Fed provides JP Morgan with all the credit they need to force the price of precious metals down.

This is a win-win for the Fed (it's privately owned) and JP.

The Fed wants to keep the dollar strong despite printing dollars like there is no tomorrow. Pushing gold and silver down helps them to maintain the appearance of a stronger dollar.

JP benefits because they rake in millions each time they pull the price down. JP pays back the Fed with a small amount of interest paid.

The Fed can get away with this because the Fed is not audited. The monitoring agency (CTFC?) is in on the scheme, so the Fed and JP have no worries.

Last Edited by TheAmericanCancerSocietySucks on 02/16/2013 10:37 PM

[link to www.dtic.mil]
look at this

this is why they are chemtrailing the skies. Project blue beam is coming maybe sooner then later march 13-22

Plus JP gets the monopoly on the EBT card system for "playing ball".

In Panama City, FL, the price is about $3.69, which is an increase of about 15 cents in the last week.