Larry Kudlow articulates our conomic problems in his recent column:

"With inflation spurting in the U.S., the sinking dollar is being ridiculed both at home and overseas. The falling dollar is perceived as a sign of American decline — which is a very bad sign."

"Main Street voters hate soaring food and gasoline prices. Suburban voters who take vacations are very angry. Gold at $1,000 an ounce?! Oil at $100 a barrel?! What’s going on here? Is this America?"

"The people in charge of the dollar at the Treasury and the Federal Reserve are guilty of dollar neglect. They’re also Republican appointees."

Read his latest syndicated column at:
http://article.nationalreview.com/?q=ZDg1N2Q2ZGFjOGYzMDliZGM2ZDg1NjU1ODR...

The New York Times posted a story with news about our steadily rising gasoline prices.

"Gasoline prices were poised Monday to set a new record at the pump, having surged to within half a cent of their record high of $3.227 a gallon. Oil prices, meanwhile, surged above $108 to a new inflation-adjusted record and their fifth new high in the last six sessions on an upbeat report on wholesale inventories."

See the full story at http://www.nytimes.com/aponline/business/AP-Oil-Prices.html

What about the economy? A St. Paul economist wrote an interesting story published today in the Pioneer Press.

http://www.twincities.com/business/ci_8951442

No, I love spending that extra money on gas that I used to spend on groceries *note sarcasm*

Maybe the rising gas prices are America's way of slimming down its obese population -- maybe we're all supposed to either (a) spend all our grocery money on gas or (b) walk everywhere we go. Either way, we slim down...

Rush to biofuels blamed for the rise in food prices. I've got a radical theory on what's driving all this.

"The new market for biofuels has raised grain prices. Corn is being used to produce energy and the market is anticipating hugely increased production in the coming decade. George Bush wants 15 per cent of American cars to run on biofuels by 2017, which will mean trebling maize production. Europe has a set a transport fuels target of 5.75 per cent from biofuels by 2010. As a result, the price of corn has begun to track that of oil quite closely."

This was reported in the Belfast Telegraph. Food prices around the globe have skyrocketed. This has affected wealthy nations and poor nations, moreso the people living in these nations. In wealthy nations, it affects the bottom line. In poor nations, it leads to starvation. Venezuelan leader Jugo Chavez is reported as calling the increasing prices "a masacre of the world's poor."

As easy as it is to ignore anything Chavez says, reading his claim, I started to think and put together some thoughts. I wonder if all this has been orchestrated by the world's elite. Is Chavez onto something?

It seems that the rush to use biofuels hinges on the notion that there is a need to develop a fuel that isn't as dependent on oil. Using food for fuel has led partially to the increase in food prices. World leaders say this is necessary to combat global climate change. This movement is driven by the elite. They claim burning biofuels results in fewer carbon emissions, which they say is better for the atmosphere.

However, in reality, there is no data proving that global climate temperatures and the amount of carbon in the atmosphere corresponds consistently. There have been times with high levels of carbon in the atmosphere when the temperatures have been extremely cold and vice cersa. Furthermore, information continues to come out daily showing the ice has reformed in the Arctic, the world's temperature hasn't increased since 1998, and so forth. Believe it or not, it's out there.

I've long been suspicious of the modern environmental movement, even if many well-intentioned people have been seduced into joining its ranks. I think the leaders of the movement are not well-intentioned. They're after power and control. Maybe it's just my bias, but I'm beginning to suspect that the global climate change movement is just a conspiracy to, as Chavez charges, masacre the world's poor, while at the same time creating a socio-economic model that gives bureaucrats more control over private businesses all over the world.

This movement is being driven by wealthty Caucasion evolutionists, Darwinists. Are they displaced members of the eugenics movement? Is "global warming" and fighting against it their vehicle to achieve the end result of an Aryan world governed by a socialist government?

The eugenice movement is a social philosophy which advocates the improvement of human hereditary traits. It has been regarded as a social responsibilit meant to create healthier and more intelligent people, to save resources, and lessen human suffering. However, eugenics has also been used as a justification for state-sponsored discrimination, forced sterilization of persons deemed genetically defective, and the killing of institutionalized populations. Eugenics was also used to rationalize certain aspects of the Holocaust.

Are the world's elite trying to kill off the world's poor by creating a crisis, working the world into a panic, and then creating solutions to that crisis which allow them to manipulate financial markets (bidding in the futures markets) thus driving up the prices of commodities, while at the same time bringing private business under the control of governments (i.e. cap and trade mandates)? It's quite a conspiracy theory, or is it? What do you think?

The Federal Reserve's policy-setting Open Market Committee lowered the benchmark Federal Funds target rate by one-quarter point, to 2.0 percent. The Fed gave no indication that its thinking about the economy had changed or that it planned to stop cutting rates now.

U.S. Job Losses Not as Deep as Feared

U.S. employers cut 20,000 jobs in April, far fewer than the 80,000-job loss that economists had forecast.

This week the Treasury Department sent out 15.575 million economic stimulus payments to American households totaling $13.562 billion. So far, Treasury has sent out 45.463 million total economic stimulus payments totaling $40.793 billion. Information is from a Treasury Department media release.