All those UK QE £'s and US QE $ that Governments are using to stuff the banks full of cash have to go somewhere to make a profit. Banks know that oil and food are on a one way trip while they keep piling this money into them. Much saver than lending, as with that, they might not get it back. It also means bigger bankster bonuses sooner.
Much better for Governments as well as it stokes inflation where they are tying to inflate their debts away. Biggest side effect is depression where increased oil and food cost stop productive growth and Governments lending to banks instead of companies reinforces this as the money in not invested in industry.
Now if the oil and food prices are growing up a bit slowly, all banksters need to do is start a new rumour, last week it was Israel getting closer to a war with Iran, and hey presto, prices shoot up again. Trebles all round in the city.
So guess who is paying the price of this: Pensioner and anybody on a fixed income, savers, people that eat food and use any energy directly or indirectly. So that means us the consumer as usual.
Anybody want to buy one of my forehead 'Mug' stickers, they are
£4.95,
£7.95, £9.99 each to you, but be quick as they are made of plastic so the price is tied to a barrel of oil and the $ exchange rate.
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Topic: Global petrol price rankings (Read 3155 times)