Everybody should just chill. The price of oil has started falling and there is no economic basis for it not to retrace all the way back down to $60/bbl or even less in a matter of months if not weeks.
On Nov 12, 2007 12:10 PM, Christopher McCann <[EMAIL PROTECTED]> wrote: > only if the government is spending money it actually has. We are borrowing > money from the Fed, which is created by fiat - increasing the money supply. > SO MUCH SO that the Fed quit publishing the statistics on the M3 money supply > as the growth in it is so high. > > Chris > > > > Tom Hargrave <[EMAIL PROTECTED]> wrote: War tends to heat up the economy & > make it grow because now we need to > replace of the neat toys that went "boom". In other words, war tends to be > anti-inflationary. > > Thanks, > Tom Hargrave > www.kegkits.com > 256-656-1924 > > > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] > On Behalf Of archer > Sent: Monday, November 12, 2007 9:22 AM > To: Mercedes Discussion List > Subject: Re: [MBZ] Diesel/gas prices > > ----- Original Message ----- > From: "Christopher McCann" > > > the main problem we are seeing right now is the impact of China's Central > > Bank which on Nov 6 announced that it will begin diversifying its reserve > > currencies away from weak ones like the dollar towards strong currencies. > > It was a devastating statement and that date will be one that goes down in > > > history as the beginning of the upcoming period of high inflation. The US > > money supply is growing at 20%/ year. We don't have 20% economic > > growth...this is currency inflation by the Federal Reserve...currency > > debasement. When a currency is worth less, foreigners will want more of it > > > for the same product. On Nov. 6, the US dollar hit record lows against > > main foreign currencies. Example - You now need $1.10 to buy 1 canadian > > dollar.(!!!). Fed Chairman Bernanke was grilled the following day in > > Congress by Ron Paul and Bernanke admitted that "this will only effect > > consumers who buy imported goods" - (!!!!!!!!) - well, fuel is imported. > > Yes, it takes months for oil to reach the pump, but > > that does not mean that prices can't be raised now on account of it. (I > > know about the demand for heating oil and harvesting). All these things > > are combining, but the key is the plummeting dollar. We are in for a bad > > ride. > > Chris > ------------------------------------------ > In your opinion will we have government devaluation of the dollar such as > South American countries have routinely had in the past? > > Do you think we would have been in this situation without the Iraq war? > > Gerry Archer > '83 300D and 240D > > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > Christopher McCann, Squier Park, Kansas City, Missouri > -1985 300SD, 367K km, "Wulf" > -1992 350 Ram Wagon, 58K miles, "The Behemoth" > __________________________________________________ > Do You Yahoo!? > Tired of spam? Yahoo! Mail has the best spam protection around > http://mail.yahoo.com > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
