Back To The Old Slashing Of Interest Rate

Are the Federal Reserve and the Chairman Ben Bernanke creating a muddier mess of the economy every time they try to stop a recession with their constant lowering of the Key Interest Rate?

So far since September 2007, the Federal Reserve have cut the interest rate up to six or seven or even eight times already, promising that each time was the last to secure that we not go into a recession. Yet each time they slash the rate, it has prove not to be the last since the inevitable is sure to happen. Or has it happened already and they are just not admitting to it, while they lie to the American people?

I don't know about you, but in January it was reported that the key interest rate was lowered five times since September 2007. That means that in February and March and again in April when Bernanke and the Fed cut the rates those three times the number increased to eight times since September 2007.

Where is the outcry? Why hasn't anyone stood up and said, "YES WE ARE IN A RECESSION!" Do they really think that the USA citizen is that naive and gullible? Or are we?

One thing is certain, someone is laughing all-the-way-to-the-bank. And that someone is NOT the USA citizen.

Price Per Barrel Almost $120.00

I never thought the oil prices per barrel would jump so high, so quickly. But it did. The US Light Crude is at $119.26, while the London Brent Crude jumped up to $117.07. Of course the news media keeps telling us that our price per gallon is not as high as Europe. Yet they keep basing the cost by percentage of the whole country, which is not the accurate price per gallon at all.

Here in different parts of California the prices vary from county to county, from northern to southern, from coastal to desert. With most areas already hitting the $4.00 per gallons while some are still at the $3.75 per gallon, it is unthinkable that along Hi-way 1 in a small town community out in the middle of no-where the price per gallon for regular oil is at $5.40. But do not expect to see a sign letting you know what the price per gallon is. You do not know until after you pumped the oil into your car. The owner of the station is also the owner of the town and claims he is loosing money, because his towns' electricity is powered by the oil fuel. So instead of doing the right energy saving thing and switching the power of the towns' electricity to either wind or solar, the owner prefers to stick it to the stranded motorists who are driving along Hi-way 1.

Price gouging is a factor in this instance, and a violation. Now why would I call it price gouging, because the motorists do not see any price signs on what the price per gallon is and they do not know until after they pumped the oil into their cars.