4-18-08

Harry Reid's Ethanol Triggers Biggest Wholesale Price Increases in 33 Years

We do know September 11 was a Neocon manipulated attack on, "Make war on America" for the purpose of increasing the price of oil to run businesses out of business and increase inflation for the purpose of hurting the American people. Harry Reid proposed ethanol legislation. Ethanol is a total and complete scam. In the process of making ethanol it takes more crude oil to make ethanol than it saves. What ethanol does is uses up corn that is necessary to feed the people of the world and puts corn into the process of making ethanol. The biggest jump in inflation in 33 years is directly related to increased prices for corn. Starving the people by transferring corn necessay to feed people to the manufacter of ethanol is the result of Congress dancing the gasoline manufactures jig to direct them to sell 10 % of their product as ethanol. Harry Reid's massive ethanol increase in inflation, the biggest in jump in inflation 33 years, does not satisfy his needs to hurt, starve, the American people. Harry Reid now dances the oil company jig to direct them to sell 20% of their gasoline as ethanol. The evil and cruelty of ethanol is beyond comprehension.

Has Harry Reid reduced the price of oil with his ethanol legislation? Nope. Just the opposite. Ethanol is not reducing the price of oil because it takes more oil to produce ethanol that it supplies. The exact same people who gave us September 11 are giving us ethanol. The Rockefellers, Jacob Rothschild and Federal Reserve Fraud is responsible for September 11 as well as ethanol.

September 11, Iraq, increase in oil prices, ethanol, is planned by the Federal Reserve Fraud. The Federal Reserve Fraud is making war on the American people, which is treason.

These treasonous War Criminals, Harry Reid, Neocons, the Federal Reserve Fraud are total and complete cowards because they trigger hyper inflation during the tensions of presidential season. The bad guys do what they do because they believe they will not get punished for their evil. Has it crossed the bad guys minds that I and many other true Americans who expose Federal Reserve Fraud lies and scams are not dead and as things get worse, and with Harry Reid's inflation things are going to get much worse, people who are not listening to us will suffer so intently they will open their ears to me and the others who expose Neocon lies and scams.

The Neocon mess going on is communi$m pure and simple. It boggles the mind people can be as evil as the Neocons.

War Criminal Little George has been described as the worst US president ever. However in the wings as unbelievable as it may appear the USA may be in the process of putting a president worse than Little George in the White House.

It amazes me the stock markets go up as oil prices, inflation, and interest rates soar. Is there anything which can stop the evil of the Federal Reserve Fraud? For 10 years I have been writing the same thing, oil prices are and will be manipulated up. At one time I thought crashing stock markets might sidetrack Neocon plans. Nope. Stock markets are going up and stock markets are going up strictly on manipulated inflation caused by manipulated oil price increases. Unfortunately what I have predicted is happening.

So where is it all going? Martial law. Even though investors could short circuit the Neocons by crashing the stock markets they don't. Investors see a chance to make a fast buck. Investors know the bust is going to come, but continue to push prices up to make a buck before the bust occurs Are people going to be angry and staving because of Harry Reid and the Neocons' ethanol, oil price manipulation, derivative, and real estate bubbles? Yep. But then again starving angry people is exactly what the Federal Reserve Fraud and the Neocons want. Starving angry people the Neocons can rule cruelly under Martial Law.

At a religious seminar which ended today, Sunday, April 20, I suggested one of the reasons church attendance is down is because churches must compete with television, radio, and the newspaper. The Federal Reserve Fraud, Neocons, the bad guys are stealing the world blind by deliberately manipulating the price of gasoline up. High gasoline prices are running businesses out of business. Alan Greenspan's low interest rates brought on the mortgage and housing crisis which is running mortgage companies and many other companies out of business. Greenspan's derivatives is playing havoc with businesses as well and forcing consolidation. Greenspan's mess, manipulated high gasoline prices we all know is planned by the Federal Reserve Fraud. The bad guys are deliberately creating a communi$t economy which they own. Is there one thinking person on this planet who does not laugh when Greenspan says he is not responsible for the horrible world economy? Nope.

Another reason church attendance is down is because as the communi$t$ steal the world economy by running smaller businesses out of business owned by church goers, the giant owners, like the Federal Reserve Fraud, hate God and want their golden calves, TV stations, newspapers, and radio monopolies to compete with and destroy churches.

One thing I have said from day one is that God does not want people to die. It is said Iran's President Mahmoud Ahmadinejad said oil prices are too low. If Ahmadinejad did say oil prices are too low he made a very stupid statement. Jacob Rothschild, Rockefellers, Neocons and the Federal Reserve Fraud have manipulated oil prices up. Oil prices have not risen because of a natural shortage of oil. One day this horrible scam will be over and oil prices will crash to below $10.00 per barrel which will prove the entire oil shortage is manipulated, and there has never been an oil shortage. What is unbelievable is the short sightedness of Ahmadinejad. Ahmadinejad might as well be on the Federal Reserve Fraud's pay role. The bad guys want people to believe exactly what Ahmadinejad is telling them. I have been telling people the bad guys have deliberately manipulated oil prices for years. People not listening to me could lead to a huge number of people dying. Needless deaths. How do you get through to people that their greed represented by stupid statements like "Oil is too low." is going to lead to massive amounts of people getting killed? OK have it your way. But when the killing starts don't say God wants people to die. God has gotten me to tell you high oil prices are a scam which will lead to millions of dead people. It is your business if you don't listen to me. God through at least me has told you the truth about oil. If you don't listen its your greed and stupidity which causes you and your people misery.

If Russia, Iran, and Saudi Arabia were smart they would look at high oil prices as a disaster and sell oil and sell oil until prices fall. People may not realize it but it makes no difference what country producers sell their oil. Just sell it. Does the Federal Reserve Fraud do anything for anyone that is good for anyone but them? No. Producers know the Federal Reserve Fraud is manipulating the price of oil up. Foolishly producers go along with the manipulated oil prices up and some producers may smirk, its cool. The Federal Reserve Fraud is manipulating oil prices up to hurt producers, not help them. There is no such thing as a free lunch. Russia, Iran, and Saudi Arabia and any oil producer which does not sell, sell, oil to get the price of oil down, will pay. You will pay with the deaths of your people and you will pay with the loss of revenue in the long run. You will get screwed in the long term commodity markets. Don't say God did not warn you. Just say your short sighted greed killed your people and you lost money needlessly.

The easiest least dangerous way to expose the Federal Reserve Fraud is to

donate to Randy Crow for President

http://biz.yahoo.com/ap/080415/economy.html

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AP
Wholesale Prices Soar in March
Tuesday April 15, 9:56 am ET
By Martin Crutsinger, AP Economics Writer
Wholesale Prices Soar 1.1 Percent in March, Driven by Big Increases in Food and Energy

WASHINGTON (AP) -- Inflation at the wholesale level soared in March at nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly.
The Labor Department reported Tuesday that wholesale prices rose by 1.1 percent last month, the largest increase since a 2.6 percent rise last November, which had been the biggest one-month jump in 33 years. Analysts had been expecting a much more moderate 0.4 percent rise in wholesale prices for the month.

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Core inflation, which excludes energy and food, was better behaved last month, rising by just 0.2 percent, down from a worrisome 0.5 percent rise in February.

For the past 12 months, wholesale prices are up by 6.9 percent and core inflation is up by 2.7 percent, the biggest year-over-year increase in nearly two years.

The inflation pressures are occurring at a time when the overall economy is slowing and many analysts believe may have toppled into a recession. That raises concerns that the country could be facing another bout of stagflation, the malady that last occurred in the 1970s when economic growth stagnated but inflation kept rising.

Such a development would put the Federal Reserve in a bind. The central bank has been cutting interest rates in an effort to combat the current slowdown. However, if inflation pressures keep rising, it might be forced to stop cutting interest rates for fear that it would make inflation worse.

For March, energy prices jumped 2.9 percent, the biggest increase since November. The price of gasoline was up 1.3 percent while natural gas rose by 4.2 percent. Home heating oil shot up by 13.1 percent and diesel fuel, used to power the nation's trucking fleet, increased by 15.3 percent.

Analysts believe the economy will be hit with more energy pressures in coming months, reflecting the fact that crude oil costs are remaining at record levels above $111 per barrel.

Food costs rose by 1.2 percent in March, reflecting big increases in the price of vegetables, rice, and beef.

Outside of food and energy, the price of soap and detergents jumped 2 percent, the biggest gain in more than two years, while pet food increased by 1.3 percent.

However, the price of new cars dropped by 0.2 percent and the cost of light trucks was down 0.3 percent, indicating the struggles that automakers face as a weak economy dampens demand.

The government will report on consumer prices on Wednesday with the expectation that they rose by 0.3 percent in March.

http://wiredispatch.com/news/?id=134692

Report: Iran's president says oil prices too low

Report: Iran's president says oil at $115 a barrel is too low, calls for higher prices

ALI AKBAR DAREINI
AP News

Apr 19, 2008 03:51 EST

Iran's hard-line president declared that crude oil prices, now above $115 a barrel, are too low, state media reported Saturday.

President Mahmoud Ahmadinejad told an oil and gas exhibition in Tehran on Friday that he thought the commodity still had to "discover its real value," according to the Web site of Iran's state-run television.

Oil prices have hit all-time highs above $115 a barrel in recent weeks, amid reports that oil and gasoline reserves in the United States were lower than expected and as the dollar sinks to record lows.

"The oil price of $115 a barrel in today's global markets is a deceiving figure. Oil is a strategic commodity that needs to discover its real value," the Web site quoted Ahmadinejad as saying.

Crude oil futures surged to a new trading record of $117 a barrel Friday following an attack on a key pipeline in Nigeria. The increase capped a week of record highs fueled by supply woes and the dollar's weakness relative to other major currencies.

Ahmadinejad said despite high oil prices, the true value of crude oil, adjusted for inflation, is currently less than what it was in 1980.

"While the price of other commodities have increased, the economic value of the current oil price is even less than 1980," he said.

But some figures suggest that today's crude prices might have surpassed inflation-adjusted highs set in early 1980. Depending on how the adjustment is calculated, $38 a barrel then would be worth $96 to $103 or more today.

Ahmadinejad accused Western industrialized nations of "selfishness" in their quest for cheaper oil.

"When they get hold of oil, they assume that oil is a free commodity and belongs to them and has wrongly been placed in other territories. ... This is the spirit of selfishness and arrogance," Ahmadinejad was quoted as saying.

A host of supply and demand concerns in the U.S. and abroad, along with the dollar's weakness, have bolstered oil prices, even as record retail gasoline prices in the U.S. appear to be dampening demand.

A weaker dollar makes commodities such as oil less attractive to investors as a hedge against inflation, and it makes oil more expensive to investors overseas. Analysts believe the weaker dollar is the primary reason oil has soared this year. The effect tends to reverse when the greenback gains ground.

Ahmadinejad called the U.S. currency "a handful of paper" without any global support.

Iran has stopped using the U.S. dollar in its oil transactions with the outside world, switching to currencies such as euro.

"The dollar is not money any longer but a handful of paper distributed in the world without commodity support," the Web site quoted Ahmadinejad as saying.

Source: AP News