On February 25th, I posted an article titled ”Gas Prices: Why Your Outrage Is Misplaced” (found here: http://t-j.cc/ykuhsa), Where I said:
#1 – Gas prices are at the levels they were in the late spring/early summer of 2008. (Graph 1)
#2 – Inflation has spiked tremendously since the same time in 2008 – when gas prices went even higher. Thus the reason that gas prices dipped in 2008, and have climbed since then in conjunction with the inflation rates. (Graph 2)
#3 - Oil is currently trading about 34% lower than its all time nominal high set in July of 2008 (Graph 3)
#4 - Declining retail inventories will (and have?) help setup the perfect storm for massive price inflation across the board (Graph 4)
Again, Is this outrage justified? No, because the American people are outraged at the wrong people. Rather than being outraged at the oil companies and oil producers, the outrage needs to be on those who control the money supply – The Federal Reserve.
Instead of President Obama talking about releasing oil from the US Reserves, he should be talking about – and pressuring Congress for – the need for monetary reform in the United States.
This seemed to arm the Insult Cannon – which was aimed squarely at me.
Why, you ask? Because I did not blame Barack Obama for high gas prices. Instead I blamed the high cost of fuelon the REAL cause for it: inflation and the devaluation of the US Dollar. Apparently, because I highlighted this truth, I am “an idiot”, as well as “a socialist”, and more inappropriate terms.
Then I guess there are two other names to add to the list of “idiot” and “socialist”: Senator Rand Paul and WXIX Fox 19 anchor Ben Swann. These two went on television after my article was written to say exactly what I had said. Hmm….
Here is Ben Swann’s “Reality Check” from February 29th:
http://t-j.cc/xI38O9 (embed code failed, sorry!)
And here is Senator Paul on FoxNews Channel from February 28th:
If telling the truth is makes me an “Idiot Socialist”, and being ignorant of the facts makes one a “Smart Capitalist Patriot” … Then this country is in far worse shape than I thought.