The price of a gallon of gasoline has more to say about the worthlessness of the US Dollar than it does about “Big Oil”. When gasoline is $3.00 a gallon, here’s where the money goes:
$1.40 – 47% – Product Suppliers (owners of the crude, refiners & transportation)
$ .70 – 23% – Federal and State Taxes (some higher, some lower)
$ .47 – 16% – Refinery Costs ( last refinery built in this country 1972)
$ .36 – 12% – Distribution & Advertising
$ .07 – 02% – Big Oil Company Profits
Keep in mind, in the United States, every employee of every company involved in the oil business is taxed and the business is taxed at various levels for the privilege of paying employees. Then these company profits are taxed. Then these taxed profits are distributed to shareholders as dividends who are then taxed on these dividends. Big Oil is responsible for more government revenue than most people know. Somehow we are taxed upon that which was taxed and then are taxed again and again. I would call this tribute.
The issue shouldn’t be “Big Oil”; the issue should be “Big Government”. Our Federal Government has no silver or gold to back its debt. Federal debt is backed by all personal property of all Americans ordered by President Roosevelt by executive order number 6102 on March 9, 1933. The US Dollar is not money even though we have been led to accept that. The US Dollar is a promissory note that we trade as money.
International Bankers and their domestic agents succeeded in gaining ownership of the sovereignty and currency of these United States by carefully planning and overseeing the passage of a banking bill during the Christmas recess of Congress in December of 1913. The Act was called the “Emergency Banking Act” and established a privately held corporation whose sole function is to print dollars to sell to the Federal Government with interest. This act by-passed Article 1, Section 8 of the US Constitution and gave our sovereignty to private interests. A question I have always entertained is why buy a medium of exchange when you possess the sovereign right to produce it interest free? The Christmas Congress of 1913 must have been well paid by the Rothchilds, Lehmans, Warburgs, Loebs, Schiffs, Morgans, Roosevelts, Rockefellers, Bakers, Stillmans, Mortons and those agents who profited from the issuance of 203,053 shares of the privately held stock of the Federal Reserve Bank of New York.
The father of International Banking is Mayer Amschel Bauer (1743-1812) who later changed his name to Rothschild and whose progeny gained ownership of the Bank of England and other Continental European National Banks said, “Give me the power to issue a nation’s money; then I don’t care who makes the law.” This is why the Virginian Thomas Jefferson (1743–1826) said, “If the American people ever allow the banks to control the issuance of their currency…the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered.”
Under the Federal Reserve system new US Dollars can only be created at the issuance of new debt. So, when you borrow $20,000.00 from the bank, the bank forwards the debt to the US Treasury who then alerts the Federal Reserve that they can proceed legally to print another $20,000.00 worth of paper promissory notes. But, never enough notes are printed to cover the interest. So as more and more debt is accumulated more and more of the notes go to interest; which requires more debt that acquires more interest. The system is insidious and devious but the system causes each cycle of notes to be slightly less valuable than the last which is what we call inflation. Should you take a $100,000.00 mortgage on your home at 5% for 30 years you will repay $193,255.78. Where do the funds for the interest of $93,255.78 come from? From the promissory notes printed for some other debt purpose.
Pundits say, “prices are rising” when in reality “the dollar is worth less”. It is much easier to blame the weather, corporations or foreign disaster than it is to point the finger at the Federal Reserve. The French economic journalist Frederic Bastiat (1801-1850) keenly observed, “When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.”
In the early 1970’s the Organization of Petroleum Exporting Countries (OPEC) was created as a means and vehicle to back US Dollars with some international semblance of value. At that time OPEC members pledged to trade their petroleum only in US Dollars. Every industrial nation at the time was (and is) controlled by the private International Bankers who owned their currency; this included the former Soviet Union. And actually it was these same private International Bankers who fostered and grew Marxist Communism. You see, for over a thousand years these bankers learned of the immense profit from war, so by keeping their subjugated nations in tense conflict they are able to hide under the banner of patriotism (on both sides) and reap the interest bonanza from war material and army payrolls. If you care to investigate real history you will learn that every war of American involvement, with the possible exception of the War with Mexico, have the fingerprints of the International Bankers.
So, when gasoline prices increase, don’t blame Exxon or Texaco. Blame those whose policies have resulted in this. There are well over 500 years of oil reserves at current consumption rates in Western oil shale, Pacific, Gulf Coast and Alaska Arctic Reserves. The potential of the United States in energy reserves is greater than Saudi Arabia. It is the Marxist Environmentalists fostered and funded by the International Bankers who have duped an unsuspecting citizenry into saving something, thus causing conflict and more interest on the debt.
Consequently the $1.00 from 1913 which was backed by gold can today (Oct 2012) purchase $0.02 worth of goods and the $.08 per gallon 1913 gas is now over $4.00 in many places; is that the fault of “Big Oil” or “Big Government”?
The present American system relies upon your maleducation, your trivial preoccupation, and your dependence upon cultural media for information. You simply do not know what you don’t know. Ignorance is the result of the lack of information and knowledge; stupidity is having the information and not responding to it.