President Barack Obama Message Board

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Politics : President Barack Obama

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To: John Vosilla who wrote (137796)	9/30/2013 1:16:51 PM
From: RetiredNow	Read Replies (1) of 149317

If money printing had not been done to the tune of $3.8 trillion, where do you think gas prices would be right now? Where would food prices and the prices of chicken be? Can you tell me with a straight face that you honestly believe QE has had nothing to do with the increase in those prices? Remember, that the world runs on the petri-dollar. The single biggest influence on the price of oil is the price of US money. Food prices are in large part determined by the price of oil, required to produce it. When money is printed, the price of oil, gas, and food goes up, in direct inverse correlation to the devaluation of the dollar. This is why QE is bad for the 99%. It hits them where it hurts the most.

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