Go Ahead, Make Our Day

by: J. Kowalski

 

 

The Obama Administration has resurrected the notion of a per-mile tax on driving our cars. An attempt of this nature would be a 21^st century Intolerable Act. Installing a federal tracking device of any sort on our cars and then using it to tax the miles we drive would probably produce an outrage and backlash unlike anything we've seen yet, and I eagerly welcome the Federal Government to try it. It could truly be "a bridge too far" for the forces of the statists.

Food and Energy Inflation is Not Transitory

Federal Reserve Chairman Ben Bernake on Wensday held his first press conference in history. The press conference took place shortly after the Fed announced its decision to leave the Fed Funds Rate at a record low of 0% to 0.25%, where it has been for an unprecedented 28 months. The U.S. economy is flooded with U.S. dollars and is close to overdosing on excess liquidity. The fact that our financial markets are not falling on the possibility of the Fed not unleashing QE3 immediately at the end of QE2, shows that we could be on the verge of hyperinflation with or without QE3.

Don't Like a Weak Dollar? Might as Well Get Used to It

It only seems like yesterday that you were a tin foil hat wearing nut job if you dared speak of the day when the US dollar would collapse. Well my friends, those days are long gone, for I give you the following article courtesy of CNBC. It's nice to see them finally discussing the death of the dollar, it's just sad that it took them so long to show up to the party.

Obama Blames "Speculators" For High Gasoline Prices

Once again Obama stands up to defend the Federal Reserves over worked printing press.

from Google News

ANNANDALE, Virginia — US President Barack Obama blamed oil "speculators" on Tuesday for soaring gasoline prices that risk weighing down the US recovery and could dampen his 2012 election hopes.


"It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply. There's enough oil out there for world demand," Obama said at a campaign-style event not far from Washington.

Gas prices surge toward $4, threaten economic recovery

article by: Richard Moore

Gas prices continued to gallop toward $4 a gallon early this week, both in the area and across the state, as prices in Minocqua and Rhinelander hit $3.99 on Tuesday, even as prices for crude oil eased, at least temporarily.

Amid Global Meltdowns, What Is The Half Life Of The U.S. Government's Fiscal Solvency?

article by: Mike Adams  NaturalNews.com
               
Thanks to the recent (and laughable) "largest annual spending cut in history" announced by Obama and Boehner, it is now abundantly evident that the U.S. government is headed toward a complete economic meltdown that will make Fukushima look chilly by comparison. While cesium-137 may have a half-life of 30 years, and iodine-131 a half-life of 8 days, if the U.S. government continues on its current path of spending trillions of dollars it doesn't have, the half-life of the value of a dollar may soon be measured in hours.

$5 Gas By Summer? Prices Near $4 a Gallon As Frugal Americans Cut Back At The Pump (and some even start stockpiling food)!

Wall Street may be back to awarding $20million pay packages - but rising prices are shaking the confidence of many American consumers.

Average U.S. pump prices have jumped more than 19 cents since mid-March, to $3.765, which is less than 10 per cent below the all-time high.

Average station prices have already passed $4 in Chicago and several Western cities.

Money Problems That Never Seem To End: 25 Reasons To Be Absolutely Disgusted With The U.S. Economy

It seems like wherever you turn there is bad news for the U.S. economy.  Unemployment is rampant, the cost of gasoline is going up, the cost of food is going up and American families are getting poorer.  Millions of jobs continue to leave the country and everyone is wondering why it seems like the "American Dream" is dying.  American consumers are absolutely swamped with staggering levels of credit card debt, student loan debt and mortgage debt and each year the consumer debt crisis only seems to get worse.  For millions of American families the money problems never seem to end.  Meanwhile, our politicians are doing next to nothing to fix our horrific national debt problem.  So yes, there are a whole lot of reasons to be absolutely disgusted with the U.S. economy.  We are living in the greatest debt bubble in the history of the world, and anyone with half a brain can see that we are heading for complete and total disaster.

Toxic Dollar: Why Nobody Seems to Want US Currency

Traders are warning of a dramatic change in dollar selling. They fear central banks from the Middle East may force their Asian rivals to more aggressively drive the dollar down.


Too Many Dollars

In 10 months, the Dollar Index has lost 14% because the world keeps accumulating dollars it doesn’t want and sells them. Asian central banks are key.

Gold, Silver and Oil Are All Skyrocketing And This Is Bad News For The US Economy

The following is one statement that you should get used to seeing: "The price of gold set another record today."  Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit.  Silver is also skyrocketing.  At one point today silver hit $39.75 an ounce.  It seems inevitable that at some point we are going to be talking about $50 silver.  The price of oil is also continuing to relentlessly march upwards.  At last check U.S. oil was at about $108 a barrel.  All of this is great news for those that are investing in gold, silver and oil, but all of this is also really bad news for the U.S. economy.  Why?  Well, because when these commodities go up in price it is a sign that the U.S. dollar is dying and that our country is getting closer to economic collapse.

Gasoline Up 100% Under Obama

article by: James S. Robbins

Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.

The Gasoline-Driver Inflation Hike

article by: Larry Kudlow

Last week, the Commerce Department revised real GDP up to 3.1 percent for the fourth quarter of last year. That was some cause for joy in the stock market. But today we saw a poor consumer-spending report for the month of February, which is picking up the rise in gasoline prices and the decline in consumer sentiment.

Obama Plays While Japan Begs for Help

History tells us that Nero fiddled while Rome burned, but Barack Obama is providing the famous emperor with some serious competition when it comes to going AWOL while America and the world face crises the likes of which haven’t been experienced in decades.

Bachmann Exclusive: Obama, Reid and Pelosi 'Deceitfully' Hid $105 Billion in Obamacare

Rep. Michele Bachmann tells Newsmax that President Barack Obama, Sen. Harry Reid and Rep. Nancy Pelosi should apologize to the American people for the $105 billion appropriation they “deceitfully” hid in the healthcare reform legislation.