$5.00 GALLON GAS JUST AROUND THE CORNER AS OIL HITS ALL TIME HIGH
Gas prices up 600% in 8 years; Over 50% in last year; Yet the Government Claims we have no inflation!
BLACK GOLD RISING: The Insidious Hidden Tax
Oil has just hit an all time high to nearly $60/barrel, up over 50% from one year ago and up 600% from 8 years ago. Yet, the U.S. Government still claims, we have no inflation!
According Craig R. Smith, coauthor of the book Black Gold Stranglehold, “The Government is lying with statistics!” Smith is outraged over the rampant monetary misrepresentation and is conducting talk show interviews on this topic. The following are some of Smith’s comments:
Craig Smith, CEO of Swiss America Trading Corporation, said, “$5.00 gas is just around the corner, with oil at an all time record high at roughly $60 a barrel. This is up well over 50% since this time last year. UP about 10% for the week---BUT THE US GOVERNMENT CLAIMS THERE IS NO INFLATION!”
Craig is issuing a final warning, saying, “Rising oil and gas prices represent a hidden tax on EVERY American by sucking away buying power out of our consumer-based economy, which hurts middle and lower income citizens the most-- and $5 a gallon gas is not too far around the corner."
"Every time gas goes up by one penny, it drags $14 billion a year from consumer spending. So we're getting double whammied with higher Federal, state and municipality taxes -- on top of rising gas prices. It’s all part of what I call 'The Hidden Black Tax.'
"Could U.S. gas prices rival Asia and Europe of $4-$5 per gallon? "Yes, says Craig Smith. "It's a simple supply-demand issue: China and India are sucking up the world supply...which drives prices up... fueling runaway inflation... which threatens to crush your investment strategy, unless action is taken now!"
