To Schiff I pose the following question:
If dollar devaluation is, as you and others have been insisting for several years now, the primary cause of any increase in fuel prices, does that mean the private banking cartel ceased
its policy of dollar devaluation in July 2008 and began magically increasing
the value of the dollar over the next several months?
If not, then why, on December 21, 2008
, was the price of oil less than one fourth
of what it was five months beforehand?
You can't have it both ways. If the value of the dollar is, by definition, the primary determining factor of fuel prices, then that means there had to have been a reversal
of dollar devaluation during the five month time period in question.
Is there any evidence of such a reversal?
If not, then please stop insulting everyone's intelligence
by insisting that price-manipulating oil speculators
and artificial scarcity-creating oil barons
play only a minor role in determining fuel prices.