Oil Held Hostage? What About Us?
Just a quick posted article written today for your consideration. Here is a quote to whet your appetite considering that oil is over $80 per barrel today and the Federal debt ceiling is over $14,000,000,000,000 (that’s $14 trillion) as of now and “projected” to increase to over $18 trillion in four years (compared to $900,000,000,000=$900 billion twenty years ago):
Oil could fall as low as the $40 handle before we see a bottom and the prices to work higher once again. The big question is when. While we have been living off printed money for close to a year…the day is coming when the party will finally come to an end.
http://www.insidefutures.com/article/138222/Oil%20Held%20hostage%20Day%20353.html
Considering that the current administration has raised the debt ceiling from $12 trillion to over $14 trillion between December 2009 and February 2010 (two short months!), I suspect that “projected” increase to over $18 trillion by 2014 is most likely the only application of “conservatism” the Obama administration is currently practicing!
As the quote in the article stated at the end: “While we have been living off printed money for close to a year…the day is coming when the party will finally come to an end.”
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