Comments on: Gold, silver, oil skyrocketing https://www.eutimes.net/2011/04/gold-silver-oil-skyrocketing/ We deliver exclusive hidden news that you won't just find anywhere, information that nobody wants you to know about. Updated 1 minute ago. Sat, 26 Jan 2013 16:23:01 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: JanB https://www.eutimes.net/2011/04/gold-silver-oil-skyrocketing/comment-page-1/#comment-24239 Sun, 10 Apr 2011 02:46:16 +0000 http://www.eutimes.net/?p=13508#comment-24239 Not all price increases are 100% related to the devaluation of the US $. Peak oil is a fact but in spite of that, oil use increases (China, India, soon Japan due to the collapse of US-designed nuclear reactors) whereas oil production, despite new sources coming online, declines.

With food and potable water it’s roughly the same: an increasing number of mouths to feed (plus cars nowadays) although also due to climate change and the resulting catastrophes, the amount of arable land is decreasing.

But because the wasteful US way of life is non-negotiable, costly military adventures (oil crusades) are increasing, adding more pressure on the already overvalued US buck.

The suggestion that several EU countries are in a meltdown is a case of US patriotism if just for the reason that the mortgage fraud that started the financial collapse was given the highest rating by the very same corrupt agencies that downgraded Greece bonds. Time to downgrade those agencies and US debt.

One reason why Southern members of the EU appear to have fiddled with economic stats could be that these countries suffered from US-supported dictatorships in the previous century and copied the creative bookkeeping practices (= fraud) from the fraudster in chief.

BTW the original source of the article isn’t Pravda (which copied it) but from http://theeconomiccollapseblog.com/
http://theeconomiccollapseblog.com/archives/gold-silver-and-oil-are-all-skyrocketing-and-that-is-bad-news-for-the-u-s-economy

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