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| Mouth-Off Main PageThe world uses about 80 million barrels of oil per day. About 20 million of that is used in the US each day. To stall a price rise in oil, the US government released 16 million gallons from oil reserves. 16 million gallons is not even enough for one day and should have no effect on the prices, but because people look toward the US government as some almighty powerful force, prices actually rise on the news that the US government was making an effort.
Treasury bonds are considered to be the most liquid investment and the US government spits out billions of debt everyday which is essentially as good as printing money. As a result the dollar continues to slide year after year after year. When the dollar starts to fall precipitously political leaders get up and say, "I am going to work hard to increase the value of the dollar." These bozos and their bankrupt central banks have no real power to prop up anything and are doing nothing to reduce government debt, but since we listen to them like they are almighty powerful men, the dollar actually rallies on their words.
I can’t wait for the day that the forces of reality depose the perception builders who rule the world today.
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