Price of Oil Hits Record High in Euros and British Pounds; Oil Shock Coming; Nancy Pelosi Blames Speculators; What About Iran? Israeli Intelligence Concludes “No Iranian Nuclear Weapons Program”


Price of Oil Hits Record High in Euros and British Pounds; Oil Shock Coming; Nancy Pelosi Blames Speculators; What About Iran? Israeli Intelligence Concludes “No Iranian Nuclear Weapons Program”

Bernanke is hell bent on producing price inflation. He has succeeded, just not where he wants most. What Bernanke desperately wants is for housing prices to rise because that more than anything will help the banks and all the foreclosed properties they are sitting on.

The Bernanke Fed has certainly assisted the stock market, as intended, but that is not doing the average Joe much good in the face of soaring oil prices, soaring food prices, falling home prices, and zero% interest on savings.  (Continue story)

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Posted on February 26, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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