Tuesday, January 22, 2008
They're petrified in Beijing, Tokyo and Paris my wife will stay home
Well dudes, she is and the reason is the energy inflation costs which have tapped every item we buy at the supermarket.
The reason is the Nike factory in Indonesia where they were throughout the 90's paying wages which made workers live in cardboard shacks as they emerged from triple canopied hinterlands. The reason is the poor quality of american cars in the 70'sand 80's which gave rise to Nissan, Toyota, and Subaru. The reason is the crazy environmentalists who have given long range survival THEORIES primacy over our ability to create independent energy (of any kind) and survive TOMORROW. The reason is greedy bankers whose invention of 'products' to push to people who could not possibly have afforded homes allowed them to put planned cash on the books as if it were REAL MONEY. The reason is the cheap adulterated products made in China (and other places) do this kind of thing (for the doubters Snopes rates this as TRUE).
So we have already abandoned all we can. We heat exclusively with wood. $750/year and our home is warmer than anyone else we know. We have heated with wood for 32 years. Mark 1973 as a turning point. We have one truck (18 mpg), but our other vehicles all get > 30 mpg. All paid for. We had a 20 year fixed mortgage and paid it off. We bought our appliances after we had the cash.
We buy the food we have to and like, and pick it carefully (no not at the health food store, but after seeing the size of the chicken breast on our last purchase we are wondering WTF they are feeding these frankenchicks). And with great resentment for the waste of money the energy costs have engendered. We go out of our way to buy American, but when we looked for an LCD screen ......it says Westinghouse but the LCD is surely made in Tolucca, or outside of Penang. What is Westinghouse today anyway?
We are already staying home. I suspect, so are a lot of others. Anyone running out to spend $20+ to see a POS movie showing people's pus engorged heads being sliced off? Sorry, but the galactically depressing Atonement was a waste of that money. I can just read the news for that.
Now what happens in at the Bourse, the NIkkei? Things have consequences.
The proper reaction of the Fed is not to enable more spending it is to enable MAKING THINGS (including software), and then to have the rest of the government get the hell out of the way. Today they are probably all dying around the world to have the fed lower interest rates again so we can all, here in the USA, run out and buy another foreign made durable good.