The problem is caused by oil speculators who basically hold everyone to ransom and profit from their misery.
Speculating on ';futures'; should be better regulated to reduce the problem.Is the problem really oil, or the falling us fed note?
No, although this certainly would help in a lot of areas. Taking the dollar off the gold standard was a catalyst that opened the floodgates of ruin.
Inflation, by the way, is NOT an increase in prices, it is the increase in the money supply by the Fed, which in turn devlaues the dollar and causes the prices to rise (more dollars chasing the same amount of goods and services). So when the Fed raises interest rates to combat the inflation which the Fed created itself, the consumer is hit twice on opposite sides of the head. This is how government robs the individual.
Oil prices are affected by a totally outside factor, mainly the huge and growing demand for oil from India and China. There is almost nothing the US can do about massive populations in those countries guzzling up oil like a sponge, which is the primary cause for the run-up in gas prices in the West.
The problem is the terrorists are actually winning the war which was to weaken our economy. Many people have forgotten why they did the horrific act on the US. It was to scare us and create an economic downfall. The war has added to our poor economy because of the high cost of warfare both economically and emotionally. The oil prices have risen creating a domino effect to the economy. We need a new President that sees what is happening and stops it before the damage becomes any greater.
Do you realize that this is a very complicated moment in the global economy. You want to reduce it to one factor, but sorry,
the overall picture is more intricate. Try availability of oil as compared to swelling industrial population, as compared to loss of arable land and potable water, as compared to runaway speculation, as compared to a general public that is psychotically addicted to wasteful lifestyles.
The problem lies with the economic revolutions taking place in China and India. Oil is becoming more and more valuble and OPEC is selling out to them, thus making transportation of goods more expensive. To compensate the companies raise their prices in order to make sure they dont do broke. The falling US note is a combination of a housing crisis, the lost of trust of overseas stockholders, and an unpopular president.
The problem is the fact that the people who run this country (and no, I don't mean the president, congress, or anyone else in politics - I mean the giant corporations that BUY off the people in politics) don't care about average, everyday people. They run this country and the people in it like puppets - and when you make billions of dollars, do you really care if gas triples in price? Probably not.
That really didn't answer your question, but I felt I needed to vent. lol
Read this book - The Energy Non-Crisis by Lindsey Williams - he will enlighten you on this subject
But we learned in middle school that when you print more money it is worth less - And what has the fed done the past 7 years - printed several trillion in new currency with nothing to back it up that = INFLATION
I think that there are several major problems causing the economy to be the way it is.
I'll tell you what I believe the biggest one is...foreign imports. People are shipping products into this country for one fifth of the price we can make it for.
Time magazine several years ago ran a year long series that a diiferent factory or workplace overseas and what they produced and how much their people earned in wages. They showed Barbie dolls being made by this HUGE factory full of burka headed women. These women were making a couple of dollars a day and putting out hundreds of Barbie dolls a day.
Man was the Mattel company making a killing here as does any company operating overseas. I think it's outrageous
to have products coming into this country for ridiculously low prices. Yes it's nice to be greedy and pay those low prices but look what it's done to our job market. We have lost so many jobs to overseas firms and factories.
I'm a steelworker from the Ohio Valley and foreign imports have killed the steel industry in the U.S. Whenever a steelworker talks about the situation all we hear is the cry...';Protectionism - protectionism!';
So what? Is it wrong to want to protect American jobs? I think that if all those thousands of products were to come back home to be produced we would have a whole new economy. Imagine if TV's were made here. Or VCR's. Or computers. Or all those toys we buy at Christmas for the kids.
Our economy has suffered greatly because of loss of jobs.
And don't even get me started on NAFTA. Uh....you know what? I have to go take a break. I'm starting to upset myself.
Catch you later!
swells777@verizon.net
Did you just get here or something? The reason the US Federal Note is falling, is because of the amount that is being put into destroying countries, that we shouldn't even be in for the soul gain of OIL Petrol etc.
Happy dud, I like you.
We need to switch to hydrogen, it's cleaner and the most ubudent element on the planet.
I mean what where paying now is similar to what it would cost to make the switch, so why not and keep the money in house.
i do agree with you
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