Gas Prices Climbing Toward $5 Per Gallon

Gas prices are spiking to $4.39 per gallon at the BP station at Congress Parkway and Dearborn Street, Chicago.
(Credit: CBS)
CBS
April 11, 2011

CHICAGO (CBS) – At one time, $5 per gallon gas seemed like a far-fetched idea, but that is no longer the case.

As of Monday, the average price for a gallon of regular unleaded gasoline in the Chicago area is $4.11, compared with $3.71 a month ago, and about $3.10 a gallon at this time a year ago.

Some experts say $5 per gallon gas is possible by Memorial Day-or sometime in summer. Others caution that reaching that mark is unlikely over the next six weeks. In Chicago, the prices keep rising to near-record levels–with no relief in sight.

Right now, oil markets are so skittish that records set in 2008 could fall.

"Bretton Woods" II Convenes - Globalist George Soros Holds Summit For Financial Reshaping of Global Economy

“Bretton Woods II” convenes
RT
April 10, 2011

Major financial players from around the world are debating the future of the global economy in the iconic US town of Bretton Woods. The summit held by billionaire philanthropist George Soros is focusing on the place emerging nations will take in the new world order. RT’s Lauren Lister reports from the venue.




Related article: The Globalists Plan for a Coming World Currency

The housing gamble: What if home prices remained stagnant until 2020? 6 charts laying out the argument for stagnant or declining home prices for another 10 years. Peak in dual income households, home prices still inflated relative to incomes, Federal Reserve unable to hold mortgage rates low forever.

MyBudget360.com

What would happen if home prices remain stagnant for another decade?  It is hard to imagine that the cornerstone of the American dream would somehow become a bad investment for the next decade.

 For decades every generation was conditioned into believing that housing was the best investment a family could make.  For many it provided a stable home for retirement once the mortgage was paid off.  One third of all homes in the United States that are owner occupied have no mortgage.  Yet this mindset of buying and paying off a mortgage has largely been lost.  No mortgage burning parties in the digital age. 

It may be making a comeback not because people want this but because there is no other financial choice.  Given the current domestic and global trends, it is likely that housing will be suffering another troubled decade from 2011 to 2020 just like it experienced from 2001 to 2010.  I want to lay out six charts as to why I believe housing will have difficulty moving up in price in the next ten years.


Chart #1 – Dual income households peaking
dual-income-workers

One of the big reasons many families did not feel the deep pinch from 1970 to 2000 was because of the rise of the dual income household becoming the standard.  It should be obvious that with more incomes under one roof purchasing power would increase.

Yet this is really where we start seeing the loss of the middle class.  What used to be a path accomplished with one blue collar income now required two incomes.  Yet as the chart above highlights we may have hit a plateau in terms of dual income households as a percentage.  In the late 1960s 47 percent of households had both spouses working.  In the early 2000s it was up to 67 percent.
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Libya, Planned Parenthood, Wisconsin Unions


Libya, Planned Parenthood, Wisconsin Unions from The John Birch Society on Vimeo.

Keiser Report: Cocaine Makes World Go Round



on Apr 7, 2011

This week Max Keiser and co-host, Stacy Herbert, report on the Class A backing both the Triple A rated and the A listed. In the second half of the show, Max talks to James Howard Kunstler about entropy made visible and a return to the medieval.

KR on FB: www.facebook.com/KeiserReport

Lyndon LaRouche Exposes the Face of Evil

Alex Jones
Infowars
April 8, 2011





The CIA is behind the Rebellion: The Euro-American Attack on Libya has nothing to do with "Protecting Civilians"

Global Research
April 8, 2011

The Euro-American attack on Libya has nothing to do with protecting anyone; only the terminally naive believe such nonsense. It is the West’s response to popular uprisings in strategic, resource-rich regions of the world and the beginning of a war of attrition against the new imperial rival, China.
 President Barack Obama’s historical distinction is now guaranteed. He is America’s first black president to invade Africa. His assault on Libya is run by the US Africa Command, which was set up in 2007 to secure the continent’s lucrative natural resources from Africa’s impoverished people and the rapidly spreading commercial influence of China. Libya, along with Angola and Nigeria, is China’s principal source of oil. As American, British and French planes currently incinerate both “bad” and “good” Libyans, the evacuation of 30,000 Chinese workers is under way, perhaps permanently. Statements by western officials and media that a “deranged and criminal Colonel Gaddafi” is planning “genocide” against his own people still await evidence. This is reminiscent of fraudulent claims that required “humanitarian intervention” in Kosovo, the final dismemberment of Yugoslavia and the establishment of the biggest US military base in Europe.

The detail is also familiar. The Libyan “pro-democracy rebels” are reportedly commanded by Colonel Khalifa Haftar who, according to a study by the US Jamestown Foundation, set up the Libyan National Army in 1988 “with strong backing from the Central Intelligence Agency”. For the past 20 years, Colonel Haftar has been living not far from Langley, Virginia, home of the CIA, which also provides him with a training camp. The Mujihadeen, which produced al-Qaida, and the Iraqi National Congress, which scripted the Bush/Blair lies about Iraq, were sponsored in the same time-honoured way, in leafy Langley.

Libya’s other “rebel” leaders include Mustafa Abdul Jalil, Gaddafi’s justice minister until February, and General Abdel-Fattah Younes, who ran Gaddafi’s interior ministry: both with formidable reputations for savagely putting down dissent. There is a civil and tribal war in Libya, which includes popular outrage against Gaddafi’s human rights record. However, it is Libya’s independence, not the nature of its regime, that is intolerable to the west in a region of vassals; and this hostility has barely changed in the 42 years since Gaddafi overthrew the feudal king Idris, one the more odious tyrants backed by the west. With his Bedouin hyperbole and bizarre ways, Gaddafi has long made an ideal “mad dog” (Daily Mirror), now requiring heroic US, French and British pilots to bomb urban areas in Tripoli, including a maternity hospital and a cardiac centre. The last US bombing in 1986 managed to kill his adopted daughter.

What the US, British and French hope to achieve is the opposite of a people’s liberation. In undermining efforts Libya’s genuine democrats and nationalists to free their country from both a dictator and those corrupted by foreign demands, the sound and fury from Washington, London and Paris has succeeded in dimming the memory of January’s days of hope in Tunis and Cairo and distracted many, who had taken heart, from the task of ensuring that their gains are not stolen quietly. On 23 March, the US-backed Egyptian military issued a decree barring all strikes and protests. This was barely reported in the west. With Gaddafi now the accredited demon, Israel, the real canker, can continue its wholesale land theft and expulsions. Facebook has come under Zionist pressure to remove a page calling for a full scale Palestinian uprising - a “Third Intifada” - on 15 May.
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