My write-up about todays economy

[MistaGanja]

Wednesday, February, 27 2008. One of the greatest empires that ever existed has taken advantage of easy life. The one thing they think wont or cant happened slowly happens. Advancements were made but in a sense only for there lifestyle well being. Power grids that have been powering immaculate cities for that last 20 years without large reconstruction or design of efficiency eventually cut out and leave millions without power. As soon as the power goes out people act differently no 24-hour gas stations, and ATMs. 96% of the vehicles on the road run on fossil fuels and Co2 slowly gets put in the atmosphere. The united States of America produces the most Co2 out of any country. Within the last 12 years The U.S. has driven into dept, federal government dept as well as citizen credit debt. Millions of people suffer from foreclosure on there homes, originally paying 1,600 a month grew to 3,100, while the house isnâ??t even worth that much. The groceries eventually climb in price while wages lock yearly. It cost about 1,000 dollars to fill up a semi-truck with diesel fuel, Truck drivers suffer with poor wages. So The Feds cut interest rates and print more money. How did this economic recession happen?

[Mississippi Steve]

Wednesday, February, 27 2008. One of the greatest empires that ever existed has taken advantage of easy life. The one thing they think wont or cant happened slowly happens. Advancements were made but in a sense only for there lifestyle well being. Power grids that have been powering immaculate cities for that last 20 years without large reconstruction or design of efficiency eventually cut out and leave millions without power. As soon as the power goes out people act differently no 24-hour gas stations, and ATMs. 96% of the vehicles on the road run on fossil fuels and Co2 slowly gets put in the atmosphere. The united States of America produces the most Co2 out of any country. Within the last 12 years The U.S. has driven into dept, federal government dept as well as citizen credit debt. Millions of people suffer from foreclosure on there homes, originally paying 1,600 a month grew to 3,100, while the house isnâ??t even worth that much. The groceries eventually climb in price while wages lock yearly. It cost about 1,000 dollars to fill up a semi-truck with diesel fuel, Truck drivers suffer with poor wages. So The Feds cut interest rates and print more money. How did this economic recession happen?

Here's your answer... its from a letter that I sent yesterday to the General Manager at the local TV station. He and I have been talking about this very thing since a month or 2 after Katrina tore us up. ;

I have been writing you for a couple of years about this.... I don't
think my previous predictions are too far off the mark...and it
continues.......

We are headed for a DEPRESSION in a real quick hurry. I have been
telling you this since the oil companies "temporally" jacked their prices even though they *said* they were not price gouging(cough bullsh*t). The have kept increasing prices until people yelled about it, then backed it down a few pennies to shut them up for a month or so, and so on...we are now over $3.00/ gal for regular, and I figure that it will be at $3.50/gal by spring break, then $4.00/gal for Memorial Day, then $4.50/gal for the 4th of July. You get the message.

The lower working class can no longer afford to pay for their fuel or
groceries, and a lot of people are losing their homes....not because of sub-prime loans, but, because the price of *EVERYTHING* has gone up so much due to higher transportation costs(fuel), that the average wage is not enough to support a single person, let alone a family with young children.

Yes I believe that Katrina was the trigger..... thats what gave the oil companies their "excuse" to rape the general public in the wallet, and we don't even get kissed afterwards.

All of the presidential candidates have been avoiding this issue like
the plague...why?? Because the government makes 30CENTS ON THE DOLLAR for every gallon of fuel sold, so there is absolutely no incentive for government intervention.

I figure that when the US economy colapses, it will cause a global
economic meltdown... then the oil companies will go broke, because they won't be able to sell any more oil or fuel, because nobody will be able to afford the fuel or the vehicles to put it in. If the oil companies were to overnight, drop the fuel and oil prices to pre-Katrina levels, it would still take 3 - 5 *YEARS* to get the economy turned around again.

The liberal media, politicians, and major corporate officers are just now starting to feel the pinch that has hammered the rest of us since September 2005, and has done nothing but get worse with rampant inflation(they say thats not happening either), wholesale price increases on *EVERYTHING*, and salaries still stay the same.

Its time to wake up and smell the coffee!!.

[denial102]

you guys clearly aren't stupid socially or intellectually! I just hope you guys spellchecked it, there are a lot of silly grammatical mistakes that draw away from the socioeconomic problem you're both talking about. Which is the problems with the federal banking system, foreign and domestic policy as well as the apparent `corruption` and `overmanagement` of a government that was meant to be designed to ensure it always moved in the other direction...

Peace 2 you guys, :)

Denial

[Coelho]

Well... IMHO, as a inhabitant of another country, i think people from usa spends WAY too much oil/gas/whatever. Most people owns a car, and drives it to everywhere. Even to go to a place 1/4 of mile far, they prefer drive to there instead to walk to there, or ride a bike to there, or take a bus, or whatever.

[Mississippi Steve]

Well... IMHO, as a inhabitant of another country, i think people from usa spends WAY too much oil/gas/whatever. Most people owns a car, and drives it to everywhere. Even to go to a place 1/4 of mile far, they prefer drive to there instead to walk to there, or ride a bike to there, or take a bus, or whatever.


I am a heating and air conditioning contractor... I can't not drive. Am I supposedto tell my customers that they have to bring their broken furnace to me?? or...am I supposed to ride a bicycle 30 miles each way, while totin a couple hundred pounds of tools and spare parts??

Yes there are a lot of folks that drive these behemouth SUVs back and forth every day just to take little jonny and suzie to school because they don't want them to have to ride the *FREE* school bus. There are a lot of kids out crusin burnin gas too... In rural farming communities like I live in, there is no public transportation. The incomes are low, andthe prices of *EVERYTHING* keep rising because of the cost of transportation. It just makes it a lot harder to keep the wolves at bay, and take care of your family.

[8182KSKUSH]

How did this economic recession happen?

For my benefit since I am an ignorant turd.
Can you or someone, anyone, provide the literal, actual, definition of a "Economic Recession?"

Then "Economic Depression?"

Thanks, I thought I knew, but apparently it has changed.:wtf:

It is also funny to see someone pointing out how much money Americans spend! LMFAO

The Sky Is Falling!
The Sky Is Falling!
The Sky Is Falling!
The Sky Is Falling!
The Sky Is Falling!
The Sky Is Falling!
The Sky Is Falling!

[MistaGanja]

we need new big ideas.

wind turbine construction across the country for new jobs and producing free clean electrcity, And laws converting cars from 1995 and up to run on e85 inless they use hydro or some other fuel such as electricity.
Any suggestions on easy fuel and electricity changes, and how it can tie in and boost this economy?

[Mississippi Steve]

we need new big ideas.

wind turbine construction across the country for new jobs and producing free clean electrcity, And laws converting cars from 1995 and up to run on e85 inless they use hydro or some other fuel such as electricity.
Any suggestions on easy fuel and electricity changes, and how it can tie in and boost this economy?

Wind turbines are old technology...they have been in use in Pacheco Pass in California for 30 years. Laws won't help anything, other than maybe reducing the national speed limit again. There is no quick fix other than taking the oil companies down, and forcing them to drop their prices to pre-Katrina levels. Even then it would take 3 - 5 years to get the economy back on track.
Gasohol is a good thing, alcohol is a renewable resource, and a manditory 15% mix would go a long way. Don't let the oil companies try to feed you a sh*t filled Twinky... it works, and it can be done at a reasonable cost. In the mid 80s, the Coca Cola bottling plant in Mobile AL started taking their daily spillage, and distilling it....they were making over 500 gallons of ahcohol a day!! they put this in their fleet fuel tanks.....thats roughly 180,000 gallons of *free* fuel in a year.

In the mid 70s, some guys put a mechanical fuel injection system on a Pinto...and got 50+mpg and 150hp. That was squashed by the oil companies.

Carburators and injection systems that meke lots of power with almost no fuel usage have been around for many years, and most all have had the patents bought by the oil companies so nobody can use the technology.

The technologies are out there...

[MistaGanja]

^^^^^^ okay, your amazing.
Whats you answer to this question.
Why are people not doing anything? or should i say company's or Government not doing anything?

would slowing down the Doller printing do anything?

[Coelho]

Why are people not doing anything? or should i say company's or Government not doing anything?

Maybe the great oil companies doesnt want to lower their prices... and also doesnt want any new technology that can free people from the oil dependency... and surely they have a far greater influence over the government than any citizen... or even than all the citizens...

[Mississippi Steve]

^^^^^^ okay, your amazing.
Whats you answer to this question.
Why are people not doing anything? or should i say company's or Government not doing anything?

would slowing down the Doller printing do anything?

The government has no incentive to *DO* anything because they are getting 30 cents on the dollar for every gallon sold. The higher the price, the more money they get in taxes. People won't give up their gas guzzlers because its a status thing.

I don't know if you watch the stock market or pay attention to you local economy, but printing more money just takes us in the oposite direction...it makes the value of the dollar less, not more.

[Mississippi Steve]

Maybe the great oil companies doesnt want to lower their prices... and also doesnt want any new technology that can free people from the oil dependency... and surely they have a far greater influence over the government than any citizen... or even than all the citizens...

Its all about power and corruption. the oil cartels and oil companies have created the worlds largest and most powerful monoply. The last time that was tried, it was Standard Oil... and that got busted up before they got out of hand like it is now.

Just a word of advice... if you have *ANY* debt, pay it off....when the economy crashes, don't get caught holding the bag. Credit is a good thing when its used properly, but if you have big balances on a bunch of credit cards, car notes, etc. and the bottom drops out?? you will stand to lose everything you got other than the clothes on your back. Do a little research on the marker crash of '28

[Iyaman]

Ya it's the oil companies alright. Its all about the money and they are paying off people in higher places to prevent development of new technologies and use of existing ones like hydrogen power for example.
I think the world needs an energy revolution, in South Africa (where I live) especialy we are undergoing an energy crisis. There isn't enough power to supply the demand in our country yet we are giving a lot of it to our neighbouring lands for, here comes the word, MONEY. The world needs to start looking at energy sources that take advantage of geographical positioning. For example in South Africa we have huge areas of baron desert which could be filled with fields of solar panels, we also have crazy oceans and we could take advantage of wave energy but now they are rather looking at installing new coal power staions and more nucleur power stations. Its just craziness.
And if the world could just start converting to bio fuels it would drastically decrease the efeect on our atmosphere. Its crazy to think that you can actualy avoid the rising fuel costs by even converting old cooking oil.

[Mr. Clandestine]

Two words: ethanol refineries.

Producing the refineries would produce local jobs, maintaining the refineries would sustain local jobs, and active development in these refineries would encourage investment in an unsaturated ethanol market. One way or another, we're eventually going to need to stop relying on foreign markets for our oil needs.

Either more money needs to be spent on ethanol production and technology, or we're going to need to start tapping into some of our reserves. Until people quit whining about the damage drilling would do, we're going to need to find a better alternative to crude oil. With the price per barrel being what it is, I'm surprised we haven't seen more thought going into this...

[Mississippi Steve]

Two words: ethanol refineries.

Producing the refineries would produce local jobs, maintaining the refineries would sustain local jobs, and active development in these refineries would encourage investment in an unsaturated ethanol market. One way or another, we're eventually going to need to stop relying on foreign markets for our oil needs.

Either more money needs to be spent on ethanol production and technology, or we're going to need to start tapping into some of our reserves. Until people quit whining about the damage drilling would do, we're going to need to find a better alternative to crude oil. With the price per barrel being what it is, I'm surprised we haven't seen more thought going into this...

Everybody knew about this in the 70s, yet nobody *DID* anything about it. Gasohol was readily available then and I bought it instead of regular gas. The folks in power are just now starting to figure out what I been saying for years...Use the old military air bases to build new refineries on....the infrastructure is already in place....you don't think they are gonna haul millions of gallons of jet fuel to those bases by truck do you?? It will also take those bases off the EPA Superfund Clean-up list and save the taxpayers hundreds of millions of dollars. The folks in the surrounding areas didn't have a problem with the conventional, biological, nuclear, and chemical weapons that were stored there, so why would they have a problem with a refinery?? The new refineries would also bring back a lot of the money and jobs that were lost when the bases were shut down. Its all good.

As far as the oil, there are 10s of thousands of wells in the gulf oil patch that are simply capped off because it wasn't "profitable" to use them when oil was $30/barrel. Then there are the northern slope fields that the tree huggers have their panties in a wad over, yet they still drive their SUVs.

I dunno...the solutions are out there, and have been for many years...the only thing thats stopping it, is the oil companies greed.

[Mr. Clandestine]

Then there are the northern slope fields that the tree huggers have their panties in a wad over, yet they still drive their SUVs.

Those are exactly the "whiners" I was referring to, and you summed up a nice part of their hypocrisy perfectly. There's no reason we shouldn't be tapping into those reserves, as well as building the much needed off-shore rigs in the Gulf and elsewhere. If we're not going to get weaned off oil coming from the Middle East, then we should be focusing on the barrels that are right in our back yard. I find it amazing that so many can get all riled up over the price of gas, but scoff at the idea of trading the SUVs in for more economical vehicles. I used to drive a Yukon, until the price to fuel it up every month started to resemble my house note.


I dunno...the solutions are out there, and have been for many years...the only thing thats stopping it, is the oil companies greed.

Very nicely worded, and painfully true.