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I know gas seems to keep going up - but the headlines read that housing values are falling and retail sales have stalled.  Further, clothes and electronics prices seem to be falling and I can also see unemployment starting to creep up.  So doesnt something have to give?  Didnt the 70s teach us that you cant fight rising oill prices by raising interest rates?  Gold is up 19% ytd (annuallized - that would be close to 80%).  Are we getting way ahead of ourselves?

It seems to me that rising commodities - including oil, food and gold - is all a product of our  falling dollar - and the falling dollar is a result of the lack of leadership including an out of control congress that continues to spend money they dont have. 

 

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