Ron Paul has insisted that the devalued dollar is a major player in the run-up in crude oil prices along with the general price inflation that we are experiencing. The economically illiterate US Congress will get a chance to hear this argument in full on Thursday. Paul will get his opportunity to explain to America why our markets are in chaos - government intervention including the Federal Reserve's manipulation of interest rates.
The Congressional hearing on oil prices and the dollar is scheduled for 2pm on Thursday, July 24th. A key witness of note is Walter Williams, economists from ShadowStats.com. Williams has been correcting the faulty government statistics for years. Currently, he is forecasting a major financial calamity in the US due to Federal Reserve inflationary policies.
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