Gerald Celente Compares Today's Economy to the 1970's Mess

Gerald Celente makes an interesting point. While our government may try to blame higher oil costs on conflicts in the Middle East, lets not forget how the Federal Reserve has printed so much money the South American rain forests are nearly extinct. This devaluing of the dollar has raised oil prices more than the conflict in the Middle East. He may just have a point. The last I looked, most of our oil comes from Canada and Mexico.