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The national fever pitch on high gas prices? Here's an idea: stop the printing press!

by Eric HardingFebruary 24, 2012

The Wall Street Journal today covers it well in an article called “Stupid and Oil Prices”. From the article: “Another suspect—one Mr. Obama doesn't like to mention—is U.S. monetary policy. Oil is traded in dollars, and its price therefore rises when the value of the dollar falls, all else being equal. The Federal Reserve throughout Mr. Obama's term has pursued the easiest monetary policy in modern times, expressly to revive the housing market. It has done so with the private support and urging of the White House and through Mr. Obama's appointees who are now a majority on the Fed's Board of Governors.”

Oil is currency. Physical gold is currency, and as we learned last month, countries are using physical gold to buy physical oil. A gold coin for a barrel of oil (a bit of overkill right now, but you get the point!).

Here’s an idea – stop the printing press! Folks, trade in your helicopter money today for a real gold coin at Lear Capital!

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