Quote:
Originally Posted by GreyWolf
Don't think you have seen anything yet. As the dollar declines, oil prices will rise - same with all imports where a weak dollar is being used to pay for product. And... there sure are a lot of imports.
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Bingo.
What most fail to realize is anything that is transported ie everything is priced higher to account for the higher gas prices and the resulting expense in transporting goods around. Remember back to what you paid for a gallon of milk one year ago versus what it is today for example.
The falling dollar is making imported goods more expensive as well so it's a doubly whammy there.
Throw in the real estate problems, the expanding debt of our nation, and the really big one... they are most likely going to tie the price of oil to euros soon. If this happens you better buy a gun because shit's going to head south real quick.
PS Have a nice day.
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