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Originally Posted by 5.0_GT_kid  Prices had been high for just about all of Bush's term, so do you have any evidence to support that the dems were responsible for the spike in prices? |
It's fraud, and greed pure and simple that has caused our economy to be near collapsed.
Regarding high gas prices--
"Just before he lost his job, he said, one of his superiors in Washington ordered him not to investigate why Shell Oil had raised its oil transportation costs. Maxwell said it jumped from 90 cents to $3 a barrel without adequate explanation. The government paid Shell to transport oil from offshore platforms."
Whistleblower: Oil watchdog agency 'cult of corruption' - CNN.com
The path to a regional currency has been excelerated under the Bush dictatorship, and the Democrats haven't done s#!t to stop it. Why? I think it has been the plan all along.--
Already, the US dollar is becoming more and more unpopular with every passing day.
And what do you think will happen to your 401K and personal savings with the introduction of an even weaker currency than the dollar? Are these normal times? Of course not. Another major US institution right now is hanging in the balance. Who would have ever believed even five years ago that General Motors would be on the edge of extinction?
“…GM's spending $3b a year on interest payments, burning through a reported $1b per month…” “After six to nine months, GM as we know it will be dead.” General Motors Death Watch 203: GMAC May File for Bankruptcy Tomorrow | The Truth About Cars
Even the International Monetary Fund is predicting the financial meltdown to persist.
“IMF Predicts Major Global Slowdown Amid Financial Crisis” “The world economy is decelerating quickly—buffeted by an extraordinary financial shock… the IMF says in its latest World Economic Outlook (WEO).” imf.org/external/pubs, 10-8-2008
And here is where the new US currency steps in. The American people will be demanding it in a few months after this financial crisis has grown to the point where it has wiped out 90% of US savings and 401K portfolios. Source-
Financial Crisis is the Birth Pains of a New Currency :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website