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And the 45-controled Federal Reserve is raising interest rates so that rich people with investments will once again be raking in the moola, regardless of what it does to the country and that is spooking the markets, too. The rich Republicans chafed at the Obama-Yellin plan to hold rates down to encourage growth. I guess now with the inflation that is going to come with the needless and not so popular tax cuts, they are trying to tighten down the valves before there is an emergency.
 
Glenn, which do you drive?

Since you get m.p.g., I know it's not a Nissan Leaf. A Chevrolet Volt? Honda? Focus? Kia/Hyundai? Lexus? Audi? Merc?

Tom, does the president really control the Fed? I liked Yellen, but look what happened when Bernanke was head, and his predecessor used the excuse that they should have analyzed the way things worked better.
I don't think any problems are only to blame on our Federal Reserve. It's a private corporation, yes?
Large accounts are held in Swiss banks. There is the bank of international settlements there, Credit Suisse, etc.
When General Motors filed bankrupt, Robert Lutz was one of the ones at the helm, and one of the ones who asked for a govt. bail out. Know what His father was?
A Swiss financier no less.
Follow the money trails, read between the lines.
The more of us who know and do this and put it out there for others to see may make them aware we are onto the crooked ones. It might help to keep them more honest. After all, it's us who are not rich who suffer in all the shenanigans, as you said. That goes for Wall st. politicians, banks, and corporations.
I know no system of any type is ever perfect. However, you may recall the 1960's when our social security had a surplus, and a bi partisan congressional vote stole it. Had it been left alone, I don't think we'd have a s.s. problem today.
 
It's not that the president directly controls the Federal Reserve, but the people that he appoints, like the Chairman of the Board of Governors often share mindsets with him, so he controls it indirectly. Janet Yellin only served one term and could have been asked to serve a second term, but she was of a different mindset, you can't say philosophy because I don't think he can be said to have a philosophy in the true sense of the word, than the president so he accepted the resignation she submitted, properly, when the presidency changed hands because 45's policy was not going to be one to favor safe, regulated growth for all, but rather growth for the rich and powerful and to hell with the rest (and the policies that protected them) who are good for cannon fodder in wars and votes in elections. When it comes to the truth, some of them are willfully uninformed and some of them are products of their environment, soaking up the toxins in which they are raised. They are concerned about losing the status into which they were born because of their white skin. Many have been offered good jobs in other locales, but are unwilling to relocate for the new work and who, while still smarting from all that was robbed from them in the recession that started before 2008, are willing to vote for people who are intent on overturning the laws and regulations to prevent that from happening again.

 

As to your question about the bank's independence, it is considered to be an independent agency that exists outside the cabinet of the executive and its powers are derived directly from Congress. That is why Congress holds periodic hearings where the Chairman of the Board of the Governors of the Federal Reserve answers questions from lawmakers. If you go to the link and tab down to LEGAL STATUS, you can see that it is a hybrid with some features of private corporations and public federal agencies.  

http://https//en.wikipedia.org/wiki/Federal_Reserve_Bank
 
I filled up for $2.66 a gallon on Monday just as gas was on the rise. It was $2.99 at the same station Tuesday. I’m highly tempted to look at something like the 2018 Accord Hybrid for my next car as I have a special disdain for the oil industry and would like to support them as little as I can get away with. The Accord hybrid is rated 47 city 47 hwy. I put 15.4 gallons in my car, the trip was at 374 miles which came out to 24 MPG that was mostly city. My car is rated 27 city, it’s never once achieved that rating in actual stop and go driving.
 
Nice Fusion Glenn!

Tom, I get it. It's back to the old white boys club. A lot of women voted for it as well. I spoke with several who said that they saw homeless refugee's in Paris, etc., and didn't want to see that here. Also they expressed concern that without secure borders, we have no country. I bet at least half will not vote the same next time, but incidents such as San Bernardino, Marselles, Las Vegas, Queens, Newark, Barcelona, etc. trigger protectionist ideals.
I think the president is one person and we have checks and balances. The office is not a monarchy, nor an Imperialistic seat.
We are a democratic republic, not only a republic, in the true definition. Not like the German democratic republic which was East Germany.
 
I sure wouldn't call it a "silver lining"

<span style="font-size: 14pt; color: #008000;">But I suppose you could consider "old age" a benefit if you drive as little as I do. 16 years ago when I first moved from Northern to Southern California I was everywhere...LA, San Diego, Venice, even Algodones Mexico. Now I rarely go farther than the grocery store. My retired next-door neighbors have hybrid cars. I visit the gas station much less than they do. All 3 of my vehicles have V8's so with today's prices I guess I'm fortunate to be able to stick close to home. Fortunate too that I don't care to travel anymore.</span>

 

<span style="font-size: 14pt; color: #008000;">This one's 53 years old and I put 3 or 4 gallons in every 6 months.</span>

twintubdexter-2018042609480203325_1.jpg
 
My 2007 Honda Civic is 11 years old now, I bought it new and I’ve owned this car longer than any other of the 23 cars I’ve owned since 69’. It has 57,000 miles on it and I put about 10 gals of gas in it every 3 to 4 weeks. I do very little driving anymore, which is fine with me. I used to really enjoy driving, I would have driven to the bathroom if I had a ramp to it! But the traffic around here is so bad now. Too many people, with too many large vehicles, that they own for vanity, not actual need for work, ect. And too many distracted drivers texting and talking on their phones. Now I drive David to and from work 3 to 4 days a week, a 6 mile round trip, but he is going to retire soon, so I won’t need to do that anymore. I drive to the store on Friday to buy our groceries for the week, and the 10 miles Kaiser every other week for allergy shots. I try to walk everywhere that I can. We also go out window shopping, ect., usually once a week. Neither one of use are big on driving anymore. I guess we’ve turned into bonafide “geezers”.

I still do enjoy a nice drive on the many country roads in our county, especially on the coast. Thats where I learned to drive and I love to drive on winding roads. To me that is a joy!

We’ve been married since 81’, and with the exception of one month in 85’ we’ve always gotten along fine with just one car.

As things stand now I can't see myself ever buying another car. My little red Civic is dependable and a pleasure to drive. It still looks and drives like new, no need to buy another. Before I retired I used to buy an new car every 2 years on the average. It was my incentive to drag my ass out of bed everyday to go to work, LOL. I sure wish I had all the money back that I wasted on all these cars.

Eddie
 
For almost eight years all we heard about was the mantra of "reducing American dependence on foreign oil sources". We endured endless battles over fricking and fracking. We were told how there was now a glut on oil here in the US. And on and on and on.

So now, less than two years later, what happened?

Is it really just OPEC? Could it be something else is driving up the prices?

Me thinks there are many greedy thieves in the same bed with each other.
As usual, guess who is getting f%#ked?

Just to put today's issues in prospective, here is an interesting op/ed from today's American Thinker:

https://www.americanthinker.com/articles/2018/04/is_the_petrodollar_on_its_way_out.html
 
 
Fill-up this morn (1/8 tank remaining per gauge), $25.63, 10.421 gal, calculated MPG 41.819.  Marquee at the store had $2.489.  Pump registered $2.459.

Reported MPG from work to store 27.x.  Store to home 80.3.  MPG Varies widely on individual trips/legs depending on factors -- how much charge in the HV batteries, traffic, stoplight timing, etc.
 
Ah, well

You know - we're going to be dealing with this until we accept that the US solution of mass-transit only for stinky people is not a good solution.

I never drive less than 1000 miles/month.

These prices are just the cost of living in a country where people vote for the 'capitalist' without grasping just exactly what capitalism is.

I've already heard the first 'this is Obama's fault' comments in line at the local station.
 
I’ve got multiple vehicles, if the price gets too high I just drive my Mitsubishi Mirage more. I’ll enjoy my 54mpg and drive just as much.
 
It’s $3.559 a gal for reg unleaded today at the Mobil station on the corner near us. It was $3.499 on Mon when I last filled up, and its been going up every day since. And this is the cheapest gas around here. The Chevron station near the hotel my husband works at it $3.799 a gal for reg unleaded. And we have several refineries within 50 miles or less from here. California always has some of the most expensive gas.
Eddie
 
Back up to $3 now,

and with new sanctions against the third largest producer of oil in the world, Iran, expect to see much higher prices soon.
Enjoy, and hope that isn't the worst that happens.
 
I filled up for $2.76 at my usual spot today after seeing other places raising it to $2.99. Glad I never traded my car for a gas hog! Those people must be regretting that now... I averaged 26.9 MPG out of this last tank that I went 333 miles on and filled up when it was just over a 1/4 tank.
 
Yesterday the price for a gallon of regular went up 10 cents at the WAWA from $2.73 to $2.83. Having a 4 cylinder that uses regular and has long been paid for is a distinct advantage. I have heard predictions of over $3.00 a gallon this summer.
 
agree with John...

gas priced at $5/gal would be beneficial in the long run, it'd force efficiency (of course our moron 45 is trying to undo the upcoming CAFE regs) and force the macho fools in Avalanches and the like out of those useless things. Trades-people who have a real & legitimate reason to own F-350s should get a gas tax break as a business expense, but the poseurs in huge black 14 mpg trucks with bed covers that never come off need to get significantly hit with at least part of the real expense of driving such dumb & wasteful vehicles that contribute greatly to the multi-facted issues facing our environment...and next time, if provoked, as biologist I'll tell you how I really feel!

We're just anxiously waiting for a smallish electric passenger SUV/truck with decent range and some carrying capacity ala the Nissan e-NV200 that they've been selling in Europe for a few years now, that can be charged with our 4.5Kw solar array. Hopefully it will arrive here eventually, they'd sell a ton, I believe.
 
Louis, Glenn,

Louis, do you have to pay for health insurance? All, or partially? How about prescriptions? Dental?
Glenn, if it's $259, then Texas should not be getting away with it when the rest of us are paying $3.
 
Also, unless

you live in the northeast corridor, where they have the Amtrak Accella, and the other commuter rail lines, or Chicago, or San Francisco, we have no choice but to drive to work.
Many, many Europeans have the option of using mass transit and only enjoying their cars on week ends.
Cleveland, Dallas, Los Angeles, Portland Oregon, San Diego do have light rail at least.
Now some places have better bus services than others. Pittsburgh, for example, plus a few subway lines. They even had proposed a Mag Lev train system back in the 90's.
Even China has high speed rail. Also Hong Kong, Kuala Lampur, Singapore, etc., etc.
Face it, the US is behind the times, and big oil has us over the preverbial barrel.
Some day we will hit the concrete wall, and not in a Tesla.
Any car can explode when it hits a wall at a high rate of speed.
 
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