Rising Energy Prices and the Falling Dollar

Representative Ron Paul (Presidential Candidate) - TX.
Texas Straight Talk Newsletter
Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame?

Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal Reserve System. The Federal Reserve is charged with controlling inflation through interest rate manipulation, however, many fail to realize that creating money, and therefore inflation, is really its only tool.

If the Fed continues with its bubble blowing policies of the past, the new commodities bubble will continue to grow, gas prices will continue to go up, as the value of your dollars go down. We will see an overinvestment in these commodities as solutions are desperately sought for a supply shortage, which is only part of the problem. Make no mistake, though, this is not the free market at work. Government manipulations have added levels of complication and unintended consequences to the marketplace.



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Welfare for the Rich

We all complain about poor people who use government welfare, we rarely complain about foreign welfare, now we have to deal with our unlawful government giving handouts to the rich.

Economy -

Survival of the Richest
by Robert Kiyosaki

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Ron Paul Sees Bailout Writing on the Wall

"They cannot have all these bailouts—whether it's bailing out homeowners, or mortgage companies, or banks. If they do it by just the creation of new credit, eventually they destroy the dollar. So I think we are going to face something much greater than the crisis we faced in 1979 and 1980, when we needed 21 percent interest rates in order to rescue the dollar. I think conditions are much worse [today]."


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Bailing Out Banks

Commentary
Bailing Out Banks by Rep. Ron Paul

There has been a lot of talk in the news recently about the Federal Reserve and the actions it has taken over the past few months. Many media pundits have been bending over backwards to praise the Fed for supposedly restoring stability to the market. This interpretation of the Fed's actions couldn't be further from the truth.

The current market crisis began because of Federal Reserve monetary policy during the early 2000s...

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Yes, your tax dollars will be used to bail out BEAR STEARNS

Today CNBC and other news outlets reported that Treasury Secretary Hank Paulson confirmed what we have suspected. Since this loan was backed by Bear Stearns' worst collateral, worthless assets consisting of subprime mortages, YOUR TAX DOLLARS, $100 PER CITIZEN, WILL BE USED TO BAIL OUT RECKLESS INVESTMENT BANK BEAR STEARNS.

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Fed takes boldest action since the Depression to rescue US mortgage industry