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Name:
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DSCR
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Subject:
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Kudos' to forum members
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Date:
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7/18/2008 4:12:12 PM
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This whole issue is a key part of this historic moment. The issues are too large to fit in a book but a few key factors to watch are things like the true coming of age of China (again), the continued industrialization of much of the rest of the world, the desire of much of the rest of the world to see a weaker USA (Reagan won the cold war by bankrupting the USSR, the Russians, Iran, China and many others figure that they can do the same to the USA now), etc. As someone mentioned earlier, the low interest rates we have enjoyed for many years, have contributed greatly to the dollar being so weak now. Look for interest rates to rise to stem looming inflation and thus, help the dollar a bit.
For our country to resist the economic attack, a few things are obvious. Energy is key. ALL, and I mean ALL handcuffs must be removed. Yes from the oil and natural gas companies (Drill Here, Drill Now), the upstart alternative energy companies (wind, solar, battery technology, hydrogen, nuclear, etc (the government and the communist green folks are in the way of success on all fronts). Yes, I said communist green folks. I forget his name, but when the founder of green peace quit the organization, his main reason was that with the fall of the USSR, the anti capitalism communist folks needed a new way to operate and took over his organization (and the whole movement) and turned it into the anti-capitalist, "formerly communistic" organization it is today. Green = Anti-Capitalist=anti-profit=former communist (dare I say PROGRESSIVE?)=exactly what Ayn Rand wrote about.
The Government needs to announce a "go to the Moon" and "Manhattan Project" initiative, get out of the way of and assist PRIVATE enterprise (with the profit motive) find the next level(s) of alternative energy production to lead the world (again) and break our fossil fuel dependence. And this time, don't give it away. Sell it at a rate to equal $200 per barrell of oil. Tit for Tat. In the meantime, drill, drill drill, and utilize our own energy buried offshore, in Alaska, in Shale and drop the price oil to financially obliterate the world speculators and the other producers who have bet on USA weakness.
Don't give me that "it wont help us for 10, 15, 20 years argument. That's what ya'll said 10, 15 and 20 years ago and look where that got us. Just the act of Bush lifting his part of the ban the other day drove the price down some, although temporary without congressional follow up. As soon as all this is trumpeted, the price will fall like a rock.
What can we do? Individually conserve, of course. But we must motivate the political will of our elected officials to get the ball rolling and stop standing in the way.A first small step is to go to the link below, read about it, and sign the Drill Here, Drill now petition.
Like I said. book ain't big enough.
URL: Drill Here, Drill Now
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