Two headlines on the Drudge Report this morning, one huge (Oil Closes in on New High) and one small (Another New Low for the Dollar). Might these be related?
In fact, oil is not increasing in price (see the euro or the yen or gold); it is the dollar that is falling in terms of oil and most everything else.
The Republican Empire has wrecked the dollar in its ambition to rule the world. The Republicans’ imperial central bank, under Greenspan and Bernanke, has run the printing press too long and too hard, so the dollar is shakier than other fiat currencies, let alone commodities.
The Bush recession, which has already started, should be hung around the Democrats’ necks too, since they also applaud the warfare-welfare empire. There is only one voice for sound money, freedom, and peace, one supporter of the old republic, one opponent of the military and economic and civil-liberties devaastation of the imperium. That’s why Ron Paul will wipe the smirks off all the faces in the marble mausoleum of DC.
9:35 am on September 28, 2007
