Here is why your gasoline has been so cheap

http://www.examiner.com/article/russia-ratifies-economic-union-and-readies-trade-currencies-other-than-dollar

Putin has been dumping oil on world market as a payback for sanctions. And it looks like he and the BRICS are going to form a trade agreement not using US dollar. Not good. I guess we better enjoy 3 buck gasoline while we can.

Well be at war with Rissia over this. It's economic warfare right now and anything can push it to the next level.

PACEDOG#1 wrote:Well be at war with Rissia over this.

Well if putin and the rooskies take us over I hope we'll have a steady supply of that good rooskie vodka for our bloody marys.

It is an insidious tax... similar to a corp tax in that people don't see it directly at the point of sale. But it's there... and it's even worse because it can attack a dollar not in use. A look at the average savings shows directly the policy results.

It's social and economic steering... and nobody notices or gives a damn.

I guess we deserve to fail if we aren't smart enough to demand a sound currency. Results matter.

Putin has been dumping oil on world market as a payback for sanctions.

No, he is trying to sell as much oil to get hard foreign currency so his economy which has gone into the chitter since the sanctions does not drop any further.

Now PK argues that in this process we are causing inflation because of the feds policy and the dollar is dropping. No, the dollar has been rising since August 2011 when the President started getting our economy out of the ditch. Oil is within ten cents a barrel of the August 2011 price. Please talk about economic issues when you understand the same.

Now within those facts, let us give some thought to what happens when western Europe quits buying Putin's oil and gas.......they have the flow of hard currency drop and must put more oil into the international market to get the same return, all the while gold has been dropping like a rock.

The best economic minds in the world serve the Fed and their policies are being questioned by some self declared economic gurus.......the truth is that inflation is simply NOT an issue at this time, but simply a figment of some of our gurus imagination, and the fed policies have certainly been working very well since August of 2011 when we finally got the black guy in the white house to bring the tow truck to the ditch and pulled the prior administrations wrecked economic policies from the ditch.

It's his racism... he can't control it.

So you run from my economic correction of your theory? Scardy pants.

2seaoat wrote:Putin has been dumping oil on world market as a payback for sanctions.

No, he is trying to sell as much oil to get hard foreign currency so his economy which has gone into the chitter since the sanctions does not drop any further.

Now PK argues that in this process we are causing inflation because of the feds policy and the dollar is dropping.  No, the dollar has been rising since August 2011 when the President started getting our economy out of the ditch.  Oil is within ten cents a barrel of the August 2011 price.  Please talk about economic issues when you understand the same.

Now within those facts, let us give some thought to what happens when western Europe quits buying Putin's oil and gas.......they have the flow of hard currency drop and must put more oil into the international market to get the same return, all the while gold has been dropping like a rock.

The best economic minds in the world serve the Fed and their policies are being questioned by some self declared economic gurus.......the truth is that inflation is simply NOT an issue at this time, but simply a figment of some of our gurus imagination, and the fed policies have certainly been working very well since August of 2011 when we finally got the black guy in the white house to bring the tow truck to the ditch and pulled the prior administrations wrecked economic policies from the ditch.

Your underestimation of the BRICs shows your geopolitical ignorance.