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Loans in the fed during this period. people are worried about a few hundred million in the federal budget. i think there s a misplaced outrage towards regular expenditures and not enough to the bailout money. where can regular americans get involve in this process. we re doing the segments on the fact that gas prices are going up high. that s what affects people. how can regular people, everyday people get their ire up about this when they re struggling so much about their own critical needs day in and day out. a lot of people who argue that the fed s spending has had an impact on the gas prices because a lot of this money that s come from the fed, that s pouring into the system through the through the fed s low interest rates and quantitative easing is ending up in the market by way of commodity speculation. that s where it s coming out on the other end. we ve got people wall street is getting the money cheap from the fed. they re investing on oil futures and natural gas and a ....
Gas production. they weren t looking for an explanation on why unregulated speculation leads to rising gas prices. in their attempt to destroy the dodd/frank finance reform act the house gop already introduced a measure that would cut funding to the commodity futures trading commission, the cftc is charged, of course, with regulating commodity speculation, which is taking place. michael fox, who represents the national gasoline retailers, told the house committee that the measure would be a disaster. the fastest way to $6 retail gasoline prices is to not fully fund the cftc and not impose the dodd/frank regulation. that s the fastest way to get to $6 gasoline. okay. everybody got that? now was that on boehner s website? no. and here is don from the colorado farm bureau, farmer kind of dude, you know, good ole boy. he was invited to the hearing by the republicans. does he think the problem is ....
Speculation leads to rising gas prices. in their attempt to destroy the dodd/frank finance reform act the house gop already introduced a measure that would cut funding to the commodity futures trading commission, the cftc is charged, of course, with regulating commodity speculation, which is taking place. michael fox, who represents the national gasoline retailers, told the house committee that the measure would be a disaster. the fastest way to $6 retail gasoline prices is to not fully fund the cftc and not impose the dodd/frank regulation. that s the fastest way to get to $6 gasoline. okay. everybody got that? now was that on boehner s website? no. and here is don from the colorado farm bureau, farmer kind of dude, you know, good ole boy. he was invited to the hearing by the republicans. does he think the problem is supply and demand. not only supply but the reliability of that supply and reducing volatility in that supply. you talk about speculation it ....
So to speak, is the federal reserve and treasury department trashing the dollar. you cannot have a weak currency and get a real recovery. it s never happened in discovery. if you take the gold prices on proxy. if that s up, employment goes up and the economy goes down the this is a key reason why the recovery is weak. it encourages currency speculation, encourages commodity speculation, sends capital overseas. it s a weak dollar, huge, huge drain. it was a clear strategic decision as a way to whether you have to call it cover up orb based on the classroom theory that s never worked in the real world. then the stimulus program takes real resources. so let s just stop there a second. we have the financial crisis, they don t want to deal with the financial crisis, we won t get into the chicanery of that whole routine, but we re going to print money which then creates a currency weakening, which then creates again everybody wants if you follow their logic, if ....
Made wall street an issue on gas prices and food prices? it s very clear where they re going. it is very clear the escalation that the american consumers are putting up with right now. we are headed to $4 a gallon gas and some say it s going to go beyond that. how can president obama and the white house be slow on this issue? well, i don t think this is any big mystery, you know, if you look at barack obama s number one private campaign contributor was goldman sachs which is one of the two major companies that is engaged in commodity index speculation. morgan stanley, which is another major contributor of his was the other. you know, both the democrats and the republicans both receive an enormous amount of money from the industries that benefit from commodity speculation but the flip side of it is the public doesn t understand this issue so there is really no political downside to doing the wrong thing here. there s a lot of political risk to reform because they re going to take that ....