Rising Oil /Inflation linked to Falling Dollar...NewsHour

[Highstreet]

NewsHour with Jim Lehrer interviews WallStreet Journal reporter who has a straightforward explanation of the Falling Dollar and how that drives up Commodities and Inflation. No mention of Paul, but this is his message, and the echo chambers are picking it up. Also no mention of WHY the dollar is falling, but that part of the message will get out eventually.

http://www.pbs.org/newshour/bb/business/jan-june08/crude_03-04.html

[Rhys]

that guy has no idea what he's talking about.

ok, i'll edit and say why:

commodities are being driven up for one of two reasons:

a. corn for ethanol
b. sinking dollar

however, the dollar isn't sinking because people are seeking shelter. In fact, most people don't know how to protect against inflation. inflation is not rising prices. inflation is a falling dollar. the dollar is tanking because there's too many of them going to the wrong people. prices are being artificially driven up in health care and war while the value of the dollar is being driven down by over supply. this means it takes more dollars to buy the same oil. The Euro isn't being hammered by the ECB the way the Fed is hammering the dollar. That's why oil isn't rising against the Euro. So again, the prices aren't rising in oil which is pushing up everything else. The price of everything is rising and felt first in oil. Every product which can keep prices down will until they can't. They can't because the market forces them to raise prices to match the devalued dollar, and the driving factor in the market right now is oil. Prices aren't rising against oil, so valued in oil, goods are services are cheap. That's why Kuate can double their budget.