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On This Week In History, Gas Prices Have Never Been Higher
To the vast majority of the US citizenry, the Dow Jones Industrial Average is an odd number that flashes on the new 42" plasma-screen during dinner; wedged between a news story about a panda sneezing and some well-endowed weather-girl saying "hot, damn hot". This is why the behavior of Ben Bernanke this week might go unnoticed by most of the great unwashed. That is, of course, if they do not drive or eat food. For those that do eat or use vehicles; for the first time in history, national average gas prices for the 2nd week of September were over $4.00. Of course, this is mere transitory market speculators - and is not real money leaving their EBT card.
(h/t @Not_Jim_Cramer)
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Swindelicious. How soon before Goldman owns every refinery on the planet, Mr. Bernanke?
No one does it more eloquently than you ZH. Two bars are all you need to fully understand just how "full retard" this has become. The fact that gasoline is more expensive this week than in 2008 at the peak of economic global economic activity. WTF.
Gas in Canada just took a big hike. Monday it was $1.39 a liter/5.25 Gal and now it's $1.55 a liter or $5.86/Gal.
So from Canada : FUCK YOU BEN!
Historical high on CME for gasoline was 3.62 in 2008.
Today's close was 3.01.
Oil carries the same message.
http://bullandbearmash.com/chart/spot-wti-oil-daily-september-14-2012/
Well here in Canada, gas prices are higher than they ever been, even in 2008 and the days after Katrina when they gouged prices.
Absent his personal motivation to stay in charge of the FR and help his buddy Obama who would keep him for another four years, there could not be be a worse time to unleash unlimited QE, all he and Obama want is a bridge for or respite for two months, after that they don't give a fuck. That is how corrupt their short term thinking is.
And the reason of course is launching unlimited QE at peak stock prices, near peak oil prices, huge food inflation that is unfolding even before unlimited QE, imagine once the whole efffect of QE is in place.......
-spikes in OIL and all commodities
-super spikes in food prices across the planet with the corresponding
revolutions and wars, embassy burnings and so on.
- higher unemployment in the US and everywhere else contrary to what this traitor has said. He should be hung for treason and crimes against humanity.
- Ultimately the stock market will crash and burn worse than 2008 once all this unfolds pretty soon I would say but most likely after November, hopefully sooner.
In the last 4 days under this presidency:
Libyan ambassador and three others murdered
Middle East in flames
US credit rating downgraded again
Obama makes two incredible gaffes
Hillary completely over her head in this mess
Bomb threats around the country
Gas prices at record highs for this time of year
Latest jobless numbers worse than ever
Obama tweets to buy his swag while looking at the coffins from Libya
More US embassies overrun
Israel says they can't rely on us for help with anything concerning Iran
Egypt left completely confused as to their role as an ally
Obama and Hillary demand someone be arrested for making a movie - First Amendment be damned
How Historic!
BBBBBUUUUUUUUSH did it!
Obama, the amateur in chief!
How 'bout printer in chief, this fucker has created more debt that the previous 10 american presidents combined and now gets his bitch Bernanke to print forever in preparation for his new reign. Notice how quiet he's been the last three days as if nothing major has happened.
If the American people vote him in they truly deserve it, they should abstain or vote for an independent party.
Yet still they keep saying inflation is low...
In other news.. Inflationary maybe?? http://www.daymer.com/?p=294
Adjusted for inflation, gas isn't the most expensive it has been. The problem is inflation, it's not a problem with any commodity like oil.