July 4, 2008
Cafferty on the “Almighty Dollar”
00:07:50
00:07:50
Rat Says: There is room for disagreement in the truth movement. The reason for oil futures currently trading at $143 is the combination of the dollar’s collapse, the war premium and speculation. If you add gold into the mix, you really can see why speculation and Iranian war fears were the driving causes of the move from $97 to $143 between Jan 08 and June 08.
Year to date, gold is up appx 6% and the dollar is down 7.5% (a strong inverse correlation), while oil futures are up a whopping 47%(appx). I think the problem with the speculation label is that the mainstream media will try to pin that on the average floor trader when the bulk of the manipulation has come from the big banks and their hedge funds.
Part 2
TheAlexJonesChannel
00:10:48
Rat Says: What is sad is that even as the monetary system collapses and Ron Paul’s words ring true, people still laugh when they hear the name Ron Paul.
00:09:50