The Weak Dollar: It's Starting

And there isn't a thing you can do about it.

The survival or crash of this nation now rests in the hands of Mr Obama.

And it's starting here:

Gasoline.

I'm sure you've noticed gas prices rising steadily at your local station. In Fornicalia, for example, the prices I've been paying recently have run from $2.93 to $2.99 for 87-octane unleaded at ARCO, one of least expensive series of stations in this state. The trade gap grows as oil prices jump.

From Bloomberg.com:

Imports advanced 2.6 percent to $174.6 billion. Today’s report estimated petroleum prices rose to $72.54 a barrel in November, the highest level since October 2008. The increase in costs more than offset a drop in volumes as the U.S. imported 245 million barrels in November, the fewest since February 1999.

The Associated Press writes:

Prices have been jumping on the back of a strong oil market where the cost for a barrel has spiked 20 percent in the past month on the New York Mercantile Exchange.

Skyrocketing gasoline prices couldn't come at a worse time for motorists, who will see heating bills jump after the worst cold spell in years.

Oil prices are now about three times what they were a year ago.

"There is a long history of tripled oil prices causing consternation among consumers," Peter Beutel of Cameron Hanover said in a report Monday. "We are not there, yet, but gasoline prices at more than $3.00 is certainly an unwelcome sign of consumer distress."

Prices almost always tick up toward the spring as more people begin to drive and refiners switch over to cleaner burning fuels as required by law.

And of course, how it affects your wallet:

Motorists are paying about $50 more a month for gasoline than a year ago, and the total fuel bill for Americans now tops $1 billion per day compared with $650 million per day last year. Add in heating oil and diesel fuel, and the total fuel bill is probably $400 million to $550 million more each day than a year ago, said Tom Kloza of the Oil Price Information Services.

Ladies and gentlemen, it is just beginning; fuel prices are one of the first nodes to be impacted.

I am telling you now: Mr Obama possesses a remarkable amount of power that he could voluntarily wield for the benefit of the American taxpayers, and he will not. He will refuse. He will continue to print money and to insist on the creation of massive social programs, more spending, more bailouts, more so-called "stimulus" which isn't.

If you have money invested, you could pull it out and place in gold. You could put it all in your mattress. You could create your own series of sealed caches. And, ladies and gentlemen, you will still not be spared. Recession, depression.

Mr Obama will not stop spending -- therefore, he is locked into a plan of fatal errors.

BZ