Reply #5: That's certainly part of it [View All]

[Warpy]

as long term contracts have been re negotiated with the weaker dollar. However, we're also seeing a huge bubble in commodities prices across the board that has more to do with hedge fund speculation than with the continued fall in the dollar.

The dollar has remained weak but reasonably stable since January. However, the price of spot market oil futures has nearly doubled. Clearly something besides the weak dollar is at work, and it's not confined to petroleum. Grain and other foodstuff futures as well as metals have also seen huge increases over the last six months.

All of this can be laid at the feet of the current administration, from the insane fiscal policies that led to the doubling of the national debt and the fall in the dollar to the installation of Wolfowitz at the World Bank just in time to torpedo the international effort to regulate hedge funds.

Just make sure everybody you know realizes all this. There is only one place to put the blame for the current economy, the GOP and their failed economics policies, policies that haven't changed since they sent us into the Great Depression.