There is no shortage of oil and gasoline in the United States. Why does a gallon of gasoline cost more than $4 a gallon? Let's think about this.

Since the euro was introduced in the European Common Market, the dollar has lost value against the euro. Why is the dollar declining? The strength of the dollar is in proportion to the deficit spending of the Bush administration. While in office the national debt has increased $5 trillion. Now it's about $10 trillion. This has had a negative influence on the dollar.

For example: It takes $1.54 to buy one euro, a factor of .064. If you multiply the price of a gallon of gasoline $4.05 by .064 by get $2.59 a gallon. Now if you subtract the futures commodities speculation, which runs about 30 percent, you get the real price of a gallon of gas as $1.82. This is not counting federal and state tax.

The Federal Reserve with its poor monetary policies has created this inflationary spiral and is destroying the value of the dollar. Ever since the Federal Reserve was created in 1913, the dollar is on a steady decline and increased inflation.

In order to bring back a stable economy, Dr. Ron Paul is right. The United States should abolish the Federal Reserve and go back on the gold and silver standard, which is real constitutional money.

Marcel LeRoi

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