NewJersey

Gold to Replicate Oil's Parabolic Move; 30-yr Treasury Yields to Soar

wow, i think a few above posters are dellusional. the dollar is losing its footing as the reserve currency of the world because the federal reserve is being exposed as a horrible institution. it has 2 tools, the fed funds rate and the printing press. rates cannot go much lower and the printing press has been in over drive. $160 billion "liquidity injection" end of 2007, $120 billion bear bail out, $5 TRILLION fannie and freddia bail out, the list can continue.
Bush has prevented the International monetary fund from auditing the money supply because he knows he is printing the US$ into ruin.
Once this audit happens after he leaves office we will see 1970's era inflation.
truthbetold: the dems have not created our current problems the GOP has maintain a majority in congress for the majority of the recent past 10-20yrs

drilling will only prevent the inevitable END OF OIL, and the benefits would not be seen for 5-10yrs. The USA has drilled more holes in its soil and pumps out oil faster than any other country. more oil is not the answer.