The latest Jim Rogers Commodity Index ETF report is that oil prices are down ten percent from a week ago, but gas prices haven’t followed. Oil went down because a lot of people got margin calls and they were forced to sell. Gas prices probably just went up because it is the beginning of the driving season.

The people who get the money that the government prints are better off. The Jim Rogers Commodity Index ETF may benefit, but overall, the economy is worse off. The debt continues to get out of hand. If they raise the debt ceiling, it just buys them some time, but it doesn’t alter their monetary and fiscal policies.

We’ve got to cut spending. We are the largest debtor nation in the history of the world. There is going to be a crisis down the road based on the way the politicians are behaving.

It would be great if politicians actually had to limit their spending to the amount of taxes that they collect. But in order to do that, they would need to have a backbone. Do you know of any politicians with a backbone?

The Jim Rogers Commodity Index ETF spokesman says that we’ve got to let interest rates go higher. We’ve got inflation in this country. Washington is now destroying the class of people who save and invest. All of the people who saved and invested their whole lives are now getting wiped out. That’s not the way that the system is supposed to work.

The attitudes in America and China regarding saving, working hard, and the economy are like night in day. In Asia, you work hard, you save, you invest, and you keep doing it over and over. They all know over there that the market rewards those who work hard and save.

We should be concerned about everything that Tim Geithner does. He has never been right about anything. He has been wrong every single time for the past 17 years. He is trying to get the value of the US dollar to go down against the Chinese currency. He thinks that that will save us. But unlike the Jim Rogers Commodity Index ETF, he doesn’t know anything.