Re: The high price of oil is *whose* fault?
I think we can agree to disagree on this point and still come to the same conclusion.
Originally Posted by jimzinsocal
If you like Sci Fi writings, I'm an Ursala K. LeGuiinn and David Brinn fan- not so much for being necessarily correct, but for their systemic projection.
IMO, our situation is the result of a perfect storm where, like the movie, it was a collision of many fronts at the same time. The gas price situation isn't very related to the mortgage crisis, but they collectively helped contribute to the same credit crisis. Et al. Dollar-wise, the mortgage crisis dwarfed the gas price problem in a much shorter period of time.
Moreover, the system has sucessfully stuck it's head in the ground and our heads up our butts about the trade deficit and outsourcing. White-collar jobs in the manufacturing industry are also dissappearing overseas this time and with the dissappearance of those good paychecks and benefits go those of doctors, dentists, lawyers, entertainers, resort/sports workers, etc. and any real economic motivation for our children to pursue technical careers.
Etc. I'm sorry if I'm piling on here, but the timing is so coincidental that, unlike the Perfect Storm movie, I believe that this isn't a freak of nature but a deliberately protacted crisis. And I'm left with one question: Why?
Again, I'll restate my suspicion: The destruction of the American middle class and the creation of a neo-aristocracy. The reason is wealth, power and control and their excuse is: "The world can never sustain it's population- especially at the standard of living of the American middle class."
Last edited by AeroSim; 01-10-2009 at 11:37 AM.
"We say in our platform that we believe that the right to coin money and issue money is a function of government....
Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business."
William Jennings Bryan.