President Barack Obama Message Board

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Politics : President Barack Obama

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To: tejek who wrote (125383)	10/27/2012 9:47:26 PM
From: LLCF	Read Replies (1) of 149317

<Food is a variable that is very dependent on weather. We have good years and bad years. Energy.......we are using less gas then we did 10 years ago and we are importing less oil but the world does seem to be tight when it comes to that resource, or the hedgies have made the oil markets their playground. So yes, either way, both those items can be a problem when it comes to inflation. However, I don't understand your everything from China comment........so you need to explain that one to me...........and I still don't see your correlation between Bernanke's policies and the impact oil and food have on inflation.> Food... well, sure... but look at a chart of commodity prices. Printing more money--> falling currency will simply make this worse. Energy... OK, we're losing less others are more than taking up the slack, but prices keep moving up. It's a global market... our currency goes down.. prices go up. < However, I don't understand your everything from China comment........> If the dollar goes down, everything we import goes up in dollar prices. Add to that that China's labour input and environmental costs are moving up sharply. <and I still don't see your correlation between Bernanke's policies and the impact oil and food have on inflation.> Bernanke has promised to keep i rates at zero. He has to keep using money to purchase assets to make that happen. More money in circulation = higher prices. So a web search for a good "Austrian Economics" web site... or simply something like "Will Rates Soar with Bernake's policies?" The US dollar is the worlds researve currency... as the foreign bag holders try to move out if it they buy assets and flood the world with dollars. Not pretty. Notice the chart on Gold for verification. DAK

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