Friday, June 06, 2008

Thoughts on rising oil and gold prices

For the last year or so, Steve Forbes has been saying all the mess in global economy (rising oil/gold/food prices, subprime mortgage, etc.) is largely due to irresponsible policies by the US Governement and US Federal Reserve. That is, the US Gov't and the Fed just play with their policies that supply way too much dollar into the market, just to bail out of their endless loop of messy situations.

As a result of their responsible acts, we see falling US dollar values and more importantly rising prices in gold and oil and everything else since they are mostly measured in US dollars.

Here is his latest article, and I am once again definitely with him on this one.

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