Rising gas prices
As the insane skyrocketing price of gas continues to go up, as more news channels continue to talk about it, or more segments (Like this one on Gretawire, preview) continue to try to explain it to the American public… When in reality it’s pretty simple, more demand in an increasingly demanding need for oil. And less supply, more oil drilling permits being denied by the Obama administration for ‘environmental’ reasons, gas continues to go up. Food going up because it costs more to transport it around the country. (Along with the effect of the devastation in crops due to natural disasters) And the fact you need oil to produce plastic, etc., causing things to inflate, and hyper-inflation to loom. But it’s not just rising gas prices, but the dropping dollar, with the Fed printing infinite amounts of paper money to make it worthless. How does it affect oil? Well, the U.S Dollar is the world reserve currency, so Saudi-Arabia ONLY takes U.S Dollars to buy their oil, so when the dollar goes down, oil goes up. And with the Fed showing no stop to printing so much paper-dollars, the dollar continues to drop like an anvil.
