Weimar World

 
Bend over. Oil hit $105 today on it's climb to $140/bbl. Yeah the article says the price rise is due to "international tensions". But it's due to the ever falling dollar, courtesy of the Fed's QE2 federal debt printing policy. International tensions are due to the collapse of the dollar which is causing a collapse in opportunity, increases in food prices and the deeper Depression soon to reveal itself.

MIT predicts 2011 inflation will be 8.3%. Yep. Inflation in the middle of a goddamned Depression. Pretty amazing stuff in the Weimar World.