Dollar Sinking Fast

... In a sea of oil.

More good news:

FRANKFURT, Germany (AP) -- The dollar's plunge continued unabated Thursday, striking record lows after the European Central Bank kept its benchmark rate on hold and the U.S. released another batch of dour economic reports.

The euro fetched a record $1.5370 in European morning trading before falling back to $1.5360. The European currency closed at $1.5262 Wednesday.

They are tying the huge increase in oil costs to the declining dollar, but that just isn't all of it.

As you have no doubt heard, OPEC - even now - is considering cutting back production, showing little or no inclination to raise production to meet demand.

There's plenty of oil worldwide, but the major suppliers are gleefully gouging Western and European customers everywhere for the sake of profits beyond imagination - except, of course - in their own countries. Arabs are charging themselves something like fifty cents/gallon, even less in places like Dubai.

Bush, that oil drenched pretend president, could easily issue orders to double America's oil production to counteract OPEC's continuing attacks against our economy, but that would cause a loss of income to the oil cartels... Bush buddies all.

Also, the Arabs have finally fully realized just how powerful oil is as a weapon against those who support their enemy Israel. They also realize that the American media will not mention this - ever - instead putting all the blame on the declining dollar. I imagine that as long as the West continues to support Israel and it's long-term occupation of the Middle East, the Arabs will continue to shove it to us with increasing oil prices, a comment you will never hear on our Jewish controlled media.

Go ahead... just ask me if I think we should never produce oil from ANWAR because a few dozen wandering reindeer might be inconvenienced, or some permafrost in the middle of nowhere will get a few automobile ruts in it, or that we should pay ten dollars/gallon plus for gas so the Jews can keep their UN generated State, created from land and property seized from the Arabs in 1948.