After watching France elect their first “Socialist”
leader in 17 years, global oil markets are falling. It’s no big surprise; Capitalism
doesn’t think too fondly of its socialist counterpart. That’s why oil prices fell
as much as 3.2 percent after France elected Francois Hollande as its new
president. As the European debt crisis escalates, more countries are starting
to reject necessary austerity programs geared toward reducing spending and
running a fiscally sound operation. The masses are actually calling for more
government spending and more money printing. What the masses do not understand
is that falling oil prices, and for that matter falling commodity prices,
present a major opportunity for the United States. [more...]
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