Are you planning on a vacation this summer ? Are you considering buying ANYTHING this coming year ?
On the news this morning ; gas will be $4.50 just over a month from now..in June. Vacation will cost more.. In fact, anything produced by power generated by petroleum, or anything delivered or raw materials hauled by.... plane,train, ship or truck will cost more.
Oh, and yes..petroleum will be even more costly as Obama's plan to shut down coal-fired generating and coal mines takes effect. Inflation looming ever larger...
That giant sucking sound you hear is your savings, IRA, 401K, pension and any other cash value holdings...going down the drain.