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To: ChanceIs who wrote (149885)4/21/2011 4:17:50 PM
From: ChanceIs  Respond to of 206092
 
'this is your wage priced in gasoline. Notice how wages tanked when oil hit $140/barrel in the summer of 2008, and how the brief plunge in oil around Q1 2009 caused a spike in the ratio. Now that the Fed is destroying the U.S. dollar, then oil is back over $100 and well on its way to $120 and higher.'



Per ZeroHedge - of course. Well at least Obama can figure where people are hurting. Too bad he can't figure out why - or doesn't have the scrods to deal with it.

Silver hit another new high today.



To: ChanceIs who wrote (149885)4/21/2011 9:15:06 PM
From: ChanceIs49 Recommendations  Read Replies (8) | Respond to of 206092
 
Obama Directs Holder To Indict Obama And Bernanke

>>>If you read this and don't come to understand the correlation between the dollar and crude, go to cash right now for your own good. If you don't understand that correlation between the dollar and money printing, then.....<<<

Karl Denninger

That was easy....

(Reuters) - President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices.

This case will require 15 seconds to solve. My evidence is below:



The chart is oil, the white line the dollar.

The dollar has collapsed as Bernanke and Obama have together conspired to demand QE2 to support Obama's insane borrowing and spending in the economy.

There is a near-perfect inverse correlation between these two charts.

Please surrender at the nearest FBI office for your arrest Mr. Bernanke and Mr. Obama.

Case CLOSED.



To: ChanceIs who wrote (149885)3/9/2012 2:40:23 PM
From: Dennis Roth  Read Replies (4) | Respond to of 206092
 
>> Obama, Holder Declare War On Oil Traders, "Speculators" 04/21/2011 14:40 -0400 <<

Obama orders oil-speculation task force back into action
By KEVIN G. HALL AND LESLEY CLARK
McClatchy Newspapers
Updated: 2012-03-08T22:57:20Z
kansascity.com

WASHINGTON -- President Barack Obama this week ordered his Oil and Gas Price Fraud Working Group back to work, 10 months after it was created to get to the bottom of soaring gasoline and oil prices.

His administration says, however, that the panel never stopped working, an assertion seemingly at odds with the White House announcement that it will resume action.
[snip]

====

Same-old, same-old.