Wednesday, April 16, 2008

Not OK USA

Yep, the US of A is in recession, more banks may crash. Other countries are getting weary of their IOU's, their dollar is heading just shy of worthless. Their "never ending war on no one in particular" is bleeding the country dry.
Paper dollars are being printed like they are going out fashion. The politicians are chiefly interested in staying in office. And that means not making the necessary but unpopular decisions to put the country back on it's feet. The Federal Reserve keeps lowering interest rates to protect the people who borrowed too much.
That means the frugal folk who kept their powder dry by working hard and saving for a rainy day rather than spending their money on things they don't really need. (Too hell with the Jones). Will have to pay for the big bankers mistakes through inflation which will destroy their life savings. When the country recovers, it may never be the same again.
Reserve currencies status for their dollar may be lost. China and India are rising fast through hard work, making things the world wants. These countries are bidding up the price of oil on world markets and putting it to good use. China and India are supporting a growing middle class, this middle class will help to sustain growth as US demand declines for their products. And as for oil, well let's imagine the world is a giant oil tank.
For decades we have been taking oil out, never putting any back in the tank. Yep, the oil is running out, horse power is going to be in vogue again. The renewable energy of today is not up to the job of replacing oil. It's no wonder gold, silver oil and commodes are rising. My big tip is buy gold before it reaches $2000 a ounce.
Wake up US of A and look at what you are doing to yourself.

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