NEWS FLASH: Gas Prices NOT Supply v. Demand

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The United States has never had more oil or gasoline than it does today. Production is up and consumption is down, yet prices continue to climb. So how does that make any sense at all, you may ask?

Don’t blame Former-President Bush. Don’t blame President Obama. Gas price increases are neither due to supply v. demand, nor speculation. It’s because value of the U.S. Dollar is dropping.

Here is an excerpt from an article on Real Clear Politics (March 6th, 2012).

Mr. Woodhill illustrated this point by comparing how much gold is required to buy a barrel of West Texas Intermediate crude oil today, and for 41 years past. Currently, it takes 0.0602 ounces of gold to buy a barrel of “black gold.”

“Today’s WTI price (in gold) is only 82 percent of its average for the past 41 years,” he said.

The amount of gold required to buy a barrel of oil hasn’t changed much. But 41 years ago, you could buy an ounce of gold for $35, a barrel of WTI for $3.56, Mr. Woodhill noted.

Source: http://www.realclearpolitics.com/articles/2012/03/06/watch_out_for_inflation_113379.html

So why is the value of the Dollar dropping? INFLATION. The Federal Reserve keeps printing money and it’s watering down the purchasing power of the Dollar and it’s destroying the middle class.

Since 1913, the U.S. Dollar has lost about 99% of it’s purchasing power. A gold and silver-backed currency would stop inflation and return the value of the Dollar.

Emergence of a Viable Third Party

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Regardless of what the Mainstream Media propaganda machine wants you to know and hear, one thing is perfectly clear; an emergence of a viable third party is finally visible. Standing on a platform of personal liberty, sound money, and non-interventionist foreign policy, Ron Paul has finally garnished enough support from Americans to split away from the defunct Republican Party.

Santorum – The Conservative flip-flopper

Gingrich – The Moderate flip-flopper

Romney – The GRAND status quo flip-flopper

There is hypocrisy in both the Democrat and Republican parties, but this current election season shows just how far off-base the Republicans are now. Only Ron Paul stands apart from the pack.

Some Republicans are mad, and they should be. Paul’s making them look like the idiots they have become.

SUGGESTED READING: http://dailycollegian.com/2012/03/13/libertarianism-is-here-to-stay/

Top Three Reasons I Support Ron Paul for President

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Ron Paul giving a speech

  1. Non-interventionist Foreign Policy – Adopt a “Golden Rule” policy. Treat other nations the way we want to be treated. End the militarism. Reduce all foreign aid to ZERO and go from there. End all wars and bring troops home. Prevent blowback. Utilize a Declaration of War with a directive and get approval from Congress if it is to be so.
  2. Sound Currency – Audit the Federal Reserve. Begin phasing out fiat currency and replace with gold and silver-backed legal tender. Slash the IRS.
  3. Restoration of Personal Liberty – Repeal the Patriot Act, and the NDAA, among others. Reduce the power of the Executive Branch to what is outlined in the Constitution. The President does not have, nor should have, the authority to issue an indefinite detention or execution of U.S. Citizens on U.S. soil or abroad. The Constitution will prevail.

It is simple, yet imperative, that these major issues be addressed. In doing so, the economy will flourish, and faith will be restored to Our Nation.

The other day, someone told me that the U.S. Constitution was “an old, out-dated document.” I just happen to disagree… a lot.