OIL PRICES HAVE EXCEEDED $90 OR WILL PUSH CPI AND BOND YIELDS

ACCORDING TO PETER SCHIFF, OIL PRICES ARE BREAKING, WITH CURRENT TRADE PRICES EXCEEDING $90 AND EXPECTED TO SOON EXCEED $100. THIS WOULD NOT ONLY PUSH UP THE CONSUMER PRICE INDEX (CPI) AND THE BOND RATE OF RETURN, BUT WOULD ALSO SIGNIFICANTLY INCREASE THE COST OF VOTER TRAVEL WHEN VOTING IN NOVEMBER. IF THE FED INCREASES INTEREST RATES IN SEPTEMBER, THE POLITICAL SITUATION WILL BE EVEN MORE CRITICAL。