Reality Check: The Fiat Dollar is the real reason for high gas prices
There is so much talk right now about gas prices.
Who's at fault? Is it President Obama for not drilling enough? Is it OPEC for price fixing? Could it be greedy oil companies?
There are many reasons being floated as to why gas prices are so high but there is one that you aren't going to hear from most media and it is tied directly to the value of the dollar in your pocket.
Ben has the Reality Check.
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Added: Mar-1-2012
By: mdscorpio71
In: Other News, Politics
Tags: Ben Swann, Reality Check, Oil, Fiat Currency, PetroDollar
Marked as: approved
Views: 2690 | Comments: 43 | Votes: 2 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
By: mdscorpio71
In: Other News, Politics
Tags: Ben Swann, Reality Check, Oil, Fiat Currency, PetroDollar
Marked as: approved
Views: 2690 | Comments: 43 | Votes: 2 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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Pat attention folks, this ain't gonna be around long before it disappears down the memory hole.
This is the real deal right here.
Ron Paul will readily tell you all about this. Romney? No way. Santorum? Forget it. The Libtards? LOL, "it's Bush's fault" !!!
Posted Mar-1-2012 ByValleyBlacksmith (682.80) 
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@ValleyBlacksmith whats so funny is republicans call him a kook for just telling you the way it is. They dont like his foreign policy. I guess they would like an even more bankrupt america with a "strong" foreign policy borrowed from china of course.
Posted Mar-1-2012 Bycrazedcountryrebel (95.10) 
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@crazedcountryrebel
Agreed. Ron Paul is miscontrued, misquoted and outright railroaded at every turn by the establishment. People need to see the fake left/right puppet show for what it is. The establishment fears Ron Paul because they know full well when he says he will clean house in Washington and return this republic to the constitution and governance of the people by the people and for the people that he means it. That is the very last thing they will allow to happen. As far as his foriegn More..
Posted Mar-1-2012 ByValleyBlacksmith (682.80) 
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To blame one person or one organization is retarded. A single raindrop isn't to blame for the flood.
Posted Mar-1-2012 Byverycoolcat (213.48) 
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Ben Swann is an American hero. Keep fighting the good fight, brave sir.
Now a bit about the election. Santorum wants everybody to focus on women's vaginas and gay guys penises. He is a distraction candidate zeroing in on a few pointless issues that get stupid, ultra-religious christians riled up. Newt promises 2.50 a gas but has no idea how he's going to accomplish that. Romney says empty rhetoric about fixing America with nothing to back it up.
Ron Paul is the only candidate who will shrink o More..
Posted Mar-1-2012 ByRacistReagansGhost (58.40) 
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I will vote for the most conservative politician that can win. I don't care about political party, toe fungus, or what not, our future is at stake! We must reduce our defecit now or we are toast!
Posted Mar-1-2012 BySteinagus (208.30) 
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SO it is Obama's fault for over-printing money to bail out corrupt banks.
Posted Mar-1-2012 Bymeximeltdown (370.66) meximeltdown View Channel Send Message
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@meximeltdown Most of that money sent out in emergency loans has come back through a revolving door and been destroyed to combat inflation.
http://www.politifact.com/truth-o-meter/statements/2011/dec/09/ron-paul/did-fed-create-15-trillion-during-bailout-and-send/ comes through a revolving door and is destroyed to combat inflation.
Posted Mar-1-2012 ByBigDaddyHarrison (740.96) BigDaddyHarrison View Channel Send Message
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Interesting, the US dollar was devalued the second we stepped away from the gold standard during the Nixon years. The value of our currency will continue to fall untill it reaches its mean value which by then the Fed will have developed the new monitary system. Ww will be required to exchange our old dollars in... and since most people maintain so little on hand cash, gold, silver... this will all be done electroniclly through the banking system. I woudl suggest looking back at the agreement More..
Posted Mar-1-2012 BydexterMD (58.80) dexterMD View Channel Send Message
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You got to love fiat currency. Made out of thin air. Delivered at interest. Worth a smaller fraction of value when returned. The Trifecta of screw jobs.
Posted Mar-1-2012 Bybuttkracken (659.88) buttkracken View Channel Send Message
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Fucking MILF of a reporter. I want her in my lap now.
Posted Mar-1-2012 ByNew_Account (169.40) 
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If you think it's high now, just wait until oil comes off the dollar reserve currency...and this news announcer isn't an economist, he's an idiot
Posted Mar-1-2012 ByPunch_The_Monkey (1156.48) 
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@Punch_The_Monkey Iran doesnt sell oil in dollars..theres a start.
Posted Mar-1-2012 Byabsu69 (2104.54) absu69 View Channel Send Message
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@absu69 They do until March 20th. Thus is why the war drums are beating so loud. Punch_The_Monkey is the one who doesn't understand the World oil market and the Petrodollar.
Posted Mar-1-2012 Bymdscorpio71 (1118.62) 
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@mdscorpio71 So isn't it possible that oil companies and other major gas consuming corporations and speculators are starting to hedge bets. I mean isn't the timing with the threat to close the straits telling of the true cause or is it merely coincidence?
Posted Mar-1-2012 ByBigDaddyHarrison (740.96) BigDaddyHarrison View Channel Send Message
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@BigDaddyHarrison Speculation does have a great deal to do with it, no doubt. What I am suggesting is that on March 20th the Iranian Oil Bourse will officially cease trading Iranian Oil for US dollars and instead will only accept other currencies (Yen, Yuan, Euro, Rupee). The world demand for oil will not change, but the world demand for US dollars to buy that oil will change dramatically.
Posted Mar-1-2012 Bymdscorpio71 (1118.62) 
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@mdscorpio71 That's true.
Posted Mar-1-2012 ByBigDaddyHarrison (740.96) BigDaddyHarrison View Channel Send Message
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Well said
Posted Mar-1-2012 ByCapone78 (12.40) 
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By the way, the US has the lowest prices of gasoline in the world (oil producing nations which subsidize gasoline are excluded). This guy doesn't understand what having the dollar as the world's reserve currency does for our economy.
Posted Mar-1-2012 ByPunch_The_Monkey (1156.48) 
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The price is because Iran is not accepting US dollars because they are worthless.
Posted Mar-1-2012 ByRebel_Radius (1445.82) 
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it's time Bernanke goes to jail. what channel is this on?
Posted Mar-1-2012 Bymorningwood (523.80) 
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Inflation for idiots? We need to get back on the gold standard asap.
Posted Mar-1-2012 Byautowolf (76.22) autowolf View Channel Send Message
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Were at over 7 USD per gallon over here in europe, whats the big deal
Posted Mar-1-2012 Bydyus (47.10) 
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@dyus
You must like to get fucked in the ass and be happy that Big Oil and this bullshit currency is raping you, when you can spend it on other tings.
Posted Mar-1-2012 ByOrwellian_Society (464.70) Orwellian_Society View Channel Send Message
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@Orwellian_Society
just saying that 4$ is still relatively cheap and im happy to pay more as long as I dont have to sell my soul to the saudis
Posted Mar-1-2012 Bydyus (47.10) 
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@dyus
Since you are in Europe, your soul is pretty much sold to the Saudis...or the Iranians. There's maybe a bit of oil from Nigeria, Russia, and a few other places, but Europe is the Middle East's biggest customer.
Meanwhile, in the U.S., we're propping up Chavez in Venezuela.
Posted Mar-1-2012 Bybuzzardist (362.74) 
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