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.
