Part 1 in a Series
Truth #1: The $4 Dollars Per Gallon at the Pump Is Caused by the United States Government, Not Speculators.
We can dismiss Obama and his vow to investigate speculators. The President is in perfect demagogic mode or in simple terms, he is lying. The “No Spin Zone” is another matter. The cynical answer for O’Reilly wrongly blaming speculators (and big oil) is audience ratings. O’Reilly fans won’t like that “Spin Zone” answer so another option is O’Reilly has some dumb researchers.
The $4 to $5 to $7/gallon pump prices are not coming down anytime soon. There are several reasons the prices have gone up; all caused by the U.S. government (and the Federal Reserve System). Today, let’s get a fundamental understanding of Federal Reserve Chairman Ben Bernanke’s “Qe,” “Qe2”, and “Qe3” (Quantitative easing). The following “Quantitative Easing Explained was produced about 6 months ago by video maker Omid Malekan”: